2 Million Pound Wage Bill!

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I heard from a Yeovil fan that there wage bill was £1 million including Coaching staff so anything is possible if you get the right players and play in the right way
 
Looks like the Academy will have to shut down then. Wonder what will happen to the assets?
 
Has the Sun got any idea what this £2m relates to? No? Thought not.

£2m on the first team makes sense, that's around £40k/week so an average of £2.5k for 16 senior professionals.

£6m is ridiculous at the level, particularly if you look at what we spend it on.
 
Balham Blade said:
Has the Sun got any idea what this £2m relates to? No? Thought not.

£2m on the first team makes sense, that's around £40k/week so an average of £2.5k for 16 senior professionals.

£6m is ridiculous at the level, particularly if you look at what we spend it on.
Click to expand...

£6mil is what it used to be I believe.

£2mil is what has been reduced to since we got relegated.

The Sun? Just grabbing old figures.
 
under the rules we could spend around 3-4 million on wages but we will plump for around 2 to 2,5 if possible to ease our debts is my understanding of it ,makes man utds 43 million wage bill for the last quarter of a year look a bit high, our wage bill for the year will be what wayne rooney gets in 3 months
 
The board have been masters of their own destiny, buying/loaning rubbish has got us here.

Next season is going to be awful, another drop in standard, bottom tier beckons, just thinking realistic
 
It doesn't necessarily mean it is going to be a disaster if the figures are true. Firstly, look at Yeovil, it's not just about how much you spend, it's how you spend it. Secondly, football is a game of relativity. If we're spending "just £2M", then I can assure you that there are teams in League 1 that are spending a third of that, theoretically meaning we can still attract better players. Wolves will obviously be able to get the best players, or that should read, they should be able to attract the more expensive ones.

Obsessing over how much is spent is silly. We've spent silly amounts of money in recent years and look at us. Now is the time to get value for money, a concept that is strangely alien to some people including our own board. It will all start with the right managerial appointment. Here's hoping....
 
Welcome to the world of the sustainable football club (for L1 anyway)

For what it's worth I think the Sun is guessing, they won't care about accuracy just the general trend.

Obviously no one knows the figures but my guess for last year:
- turnover about £8M
- meaning we could have spent £5M on first team wages (but it was probably down to about £4M at the end of the season)
- this doesn't include everyone else's wages, running the Academy etc. I'm guessing somehow or other we probably lost another £2M (not the oft quoted "it's costing me £1M / month to fund the club")

- next year I would expect turnover to drop to £7M
- therefore we could spend £4M on the first team (60% SCMP) but to break even for the whole club the budget is more likely to be £3M
- we retain and indeed increase the emphasis on the Academy

So hugely uncompetitive against Wolves and probably Bristol City. About ball park versus Peterborough, Preston, Brentford, possibly Bradford and Rotherham. Much better than most.

Someone will surely see this as a reasonable challenge but not Robinson, McCall, possibly not Jackettt either. Fair enough if they don't have the stomach for it, I don't want them here

Saying to the candidates that we must win promotion is harsh.

I'm certainly not expecting promotion, maybe for a couple of years yet

We need someone who is prepared to roll their sleeves up

If we do get to break even, it might attract an investing partner which could spell the end for the McCabes but I'm not holding my breath on that either.

If they bring back attacking football I might attend fairly regularly but I'm not going to put up with what we saw after Christmas. That is the other side of "value for money" and that wasn't.
 
Balham Blade said:
Has the Sun got any idea what this £2m relates to? No? Thought not.

£2m on the first team makes sense, that's around £40k/week so an average of £2.5k for 16 senior professionals.

£6m is ridiculous at the level, particularly if you look at what we spend it on.
Click to expand...
Based on that we should be OK with the right manager.

If they can't cope on twice what Yeovil spend then they aren't up to it anyway.
Can't remember which team but one of the top six has their biggest earner on 650.00/week - fact.
2K/week should make us competitive.

The right manager and results will keep the crowds coming so Jan then could be an opportunity to push on.
There is always next season if we get the right man and we see a plan coming together.

Wrong man and it's a shit storm.
 



UnitedBlade said:
Welcome to the world of the sustainable football club (for L1 anyway)

For what it's worth I think the Sun is guessing, they won't care about accuracy just the general trend.

Obviously no one knows the figures but my guess for last year:
- turnover about £8M
- meaning we could have spent £5M on first team wages (but it was probably down to about £4M at the end of the season)
- this doesn't include everyone else's wages, running the Academy etc. I'm guessing somehow or other we probably lost another £2M (not the oft quoted "it's costing me £1M / month to fund the club")

- next year I would expect turnover to drop to £7M
- therefore we could spend £4M on the first team (60% SCMP) but to break even for the whole club the budget is more likely to be £3M
- we retain and indeed increase the emphasis on the Academy

So hugely uncompetitive against Wolves and probably Bristol City. About ball park versus Peterborough, Preston, Brentford, possibly Bradford and Rotherham. Much better than most.

Someone will surely see this as a reasonable challenge but not Robinson, McCall, possibly not Jackettt either. Fair enough if they don't have the stomach for it, I don't want them here

Saying to the candidates that we must win promotion is harsh.

I'm certainly not expecting promotion, maybe for a couple of years yet

We need someone who is prepared to roll their sleeves up

If we do get to break even, it might attract an investing partner which could spell the end for the McCabes but I'm not holding my breath on that either.

If they bring back attacking football I might attend fairly regularly but I'm not going to put up with what we saw after Christmas. That is the other side of "value for money" and that wasn't.
Click to expand...

The problem with not expecting promotion is that - quite rightly in my view given our resources vis-a-vis the opposition (we will still be tghe second best supported team in the league nexy season) - 95% of fans will expect a promotion challenge. If we boringly bugger around in mid table, crwods will drop off even more leading to a vicious circle of decline.

I think that, even from a financial sustainability point of view, we have to challenge for promotion.
 
madeinsheffield said:
The board have been masters of their own destiny, buying/loaning rubbish has got us here.

Next season is going to be awful, another drop in standard, bottom tier beckons, just thinking realistic
Click to expand...

not like weve ever been minted is it
tell me a time when weve had more than anyone else
 
UnitedBlade said:
Welcome to the world of the sustainable football club (for L1 anyway)

For what it's worth I think the Sun is guessing, they won't care about accuracy just the general trend.

Obviously no one knows the figures but my guess for last year:
- turnover about £8M
- meaning we could have spent £5M on first team wages (but it was probably down to about £4M at the end of the season)
- this doesn't include everyone else's wages, running the Academy etc. I'm guessing somehow or other we probably lost another £2M (not the oft quoted "it's costing me £1M / month to fund the club")

- next year I would expect turnover to drop to £7M
- therefore we could spend £4M on the first team (60% SCMP) but to break even for the whole club the budget is more likely to be £3M
- we retain and indeed increase the emphasis on the Academy

So hugely uncompetitive against Wolves and probably Bristol City. About ball park versus Peterborough, Preston, Brentford, possibly Bradford and Rotherham. Much better than most.

Someone will surely see this as a reasonable challenge but not Robinson, McCall, possibly not Jackettt either. Fair enough if they don't have the stomach for it, I don't want them here

Saying to the candidates that we must win promotion is harsh.

I'm certainly not expecting promotion, maybe for a couple of years yet

We need someone who is prepared to roll their sleeves up

If we do get to break even, it might attract an investing partner which could spell the end for the McCabes but I'm not holding my breath on that either.

If they bring back attacking football I might attend fairly regularly but I'm not going to put up with what we saw after Christmas. That is the other side of "value for money" and that wasn't.
Click to expand...

http://www.standard.co.uk/sport/football/brentford-grateful-for-owners-15m-investment-8472303.html

Brentford's wage bill was reported as being "over £5M" in Jan 2013.
That's on an average attendance (and therefore income) of only 1/3 of ours.
The reason United (and others) keep referring to Yeovil's £1M wage bill is that it's exceptionally low.
A £2M wage bill will probably mean we have the lowest wage bill in the division as a percentage of our turnover (30%?)

One of the reasons we can't break even is that we're paying high interest to McCabe on debts he created.
The best way forward for all concerned would be for McCabe to stop putting new money in but write off any debts he's already owed by the club. Or at very least waive them and any interest payments until we reach The Premiership.
Doing that should mean that we can break even AND still compete with the likes of Brentford on a £4-5M wage bill.

He's not going to get his money back anyway, he's a very rich man and he can afford to waive the debt/interest.
It would prove he has the best interests of the club at heart and regain the respect of all fair-minded fans.
Just cut your losses Kevin and at least give us a fighting chance.
 
Sothall_Blade said:
http://www.standard.co.uk/sport/football/brentford-grateful-for-owners-15m-investment-8472303.html

Brentford's wage bill was reported as being "over £5M" in Jan 2013.
That's on an average attendance (and therefore income) of only 1/3 of ours.
The reason United (and others) keep referring to Yeovil's £1M wage bill is that it's exceptionally low.
A £2M wage bill will probably mean we have the lowest wage bill in the division as a percentage of our turnover (30%?)
Click to expand...

Before we get into the rights and wrongs of this, that article also states that Brentford lost £5m in 2011/12.

I would expect that the quoted £2m is purely a first-team cost and as I've said earlier in this thread, I don't think that's unreasonable. However, it would involve shifting the forest of dead wood we've got on the books which is what will be difficult. Who's going to want to sign Captain Fantastic Micky Doyle when he's on £5k a week (guess!)? On the bright side, Kitson leaving is a step in the right direction, as will be not taking up the option of an extra year for Higginbotham.

United's wage bill for all playing and non-playing staff will be closer to £4m or £5m next season, leaving about £4-£5m for overheads in order to break even.
 
The board has to change it's mindset too.You can't sit top of the league at Christmas time then sell your top scorer in the January window and stay on top if you replace him with a lesser player.
 
Balham Blade said:
Before we get into the rights and wrongs of this, that article also states that Brentford lost £5m in 2011/12.

I would expect that the quoted £2m is purely a first-team cost and as I've said earlier in this thread, I don't think that's unreasonable. However, it would involve shifting the forest of dead wood we've got on the books which is what will be difficult. Who's going to want to sign Captain Fantastic Micky Doyle when he's on £5k a week (guess!)? On the bright side, Kitson leaving is a step in the right direction, as will be not taking up the option of an extra year for Higginbotham.

United's wage bill for all playing and non-playing staff will be closer to £4m or £5m next season, leaving about £4-£5m for overheads in order to break even.
Click to expand...

I would be happy with a total wage bill of £4-5 Million.
I think the £2M figure originally mentioned is unreasonable, uncompetitive and an impossibly low figure for the new manager to achieve.
The debt repayments last year were £2.6M which takes a big chunk out of the £4M-5M overheads target you mention.
If those repayments were waived, we'd have a fair chance of both breaking even AND challenging for promotion.
 
blade too long said:
not like weve ever been minted is it
tell me a time when weve had more than anyone else
Click to expand...

If you believe the Radio Sheffield presenters, we were 'living the dream' in 2007/08 season under a certain Mr Robson. I wish I'd known at the time, that we were 'living the dream', I would then have tried a little harder to enjoy it! :mad:
 
id be happy with a zero first team wage bill, just play any old twits off the street and get relegated, if it meant mccabe would get his money back and fuck off.
 
The club's relegated to Div 1 Wolves, Bristol City and Peterboro, average gates were 21662, 13348, 8215 respectively. Our average gate last season was 18600 - the highest in League 1. The next highest was Portsmouth but they've been relegated so that leaves Coventry on 10,948. I think its fair to assume the relative size of these gates will not change next season. Furthermore, if Revenue is proportional to attendances and everyone has to abide by the cap on wages (50% of Revenue?), it's reasonable to assume we should easily be able to be the second highest payers in the Division. Therefore, what we are able to pay should not be an impediment to getting promoted provided that
all clubs have to abide by the cap as our owner tells us; and our owner allows us to spend the maximum on wages available to us. However, if our owner decides he wants the revenue of the club to be diverted to his own pocket (as he is within his rights to do so) or used to pay down debts at least partially created by failed property investments, football ventures in China and Hungary, payments to family and friends on the board etc.. Then we probably will not be able to compete financially with other clubs. We'll wait and see!!

Even if we are able to compete on the wages front success on the field presupposes we have a manager who knows what he's doing. Given the current owners track record on selecting managers I'm not holding out too much hope.
 
Shit. Shock. Horror.

Let's say £2k each. 25man squad = £2,600,000. Not taking into account management and coaches. I'd be surprised if it's that low.
 
mattbianco1 said:
Shit. Shock. Horror.

Let's say £2k each. 25man squad = £2,600,000. Not taking into account management and coaches. I'd be surprised if it's that low.
Click to expand...

It ought to be given the shower of sh!te we have on our books - they're not even worth that!!
 
Darren said:
The problem with not expecting promotion is that - quite rightly in my view given our resources vis-a-vis the opposition (we will still be tghe second best supported team in the league nexy season) - 95% of fans will expect a promotion challenge. If we boringly bugger around in mid table, crwods will drop off even more leading to a vicious circle of decline.

I think that, even from a financial sustainability point of view, we have to challenge for promotion.
Click to expand...

Yes, I would hope we do challenge for promotion. I would certainly expect a challenge. But I can't see us assembling a top 2 side and I would doubt we'll look like the strongest side going into the playoffs if we do manage to finish in the top 6. Miracles could happen and we could win a playoff final.

That's what I mean about not expecting the end result to be promotion next season.

There is a considerable risk that we do muddle around in mid table if:
- we can't attract decent strikers
- we cave in and sell Maguire and Long
- it turns out the youngsters aren't good enough for first team football

Whoever we appoint as manager has to get all three of those areas right in my opinion.
 
Sothall_Blade said:
http://www.standard.co.uk/sport/football/brentford-grateful-for-owners-15m-investment-8472303.html

Brentford's wage bill was reported as being "over £5M" in Jan 2013.
That's on an average attendance (and therefore income) of only 1/3 of ours.

One of the reasons we can't break even is that we're paying high interest to McCabe on debts he created.
The best way forward for all concerned would be for McCabe to stop putting new money in but write off any debts he's already owed by the club. .
Click to expand...

I did actually look Brentford's accounts up after this article and it relates to the season before SCMP came in and it was all wages not just first team wages. However, this Matthew Benham character must somehow be putting some extra equity in to buoy up Brentford's wages. The same at Bournemouth, there's no way they purchased and assembled a squad last season that relates to their gate turnover ! The same was going on at Swindon until the previous owner pulled the plug (and they've announced they will halve their player wages this coming season).

The sad fact for us is McCabe is not putting anything further into SUFC unless he finds a mug who is an investing partner.

It would be great if he would write off the remaining debt. He's effectively already written off £17M with that debt to equity swap he did in 2011 (?).

I think the loan debt to his companies is about £20M and he's ringfenced let's say £20M assets with parking the ground and the Academy in the plc.

I think he'll just sit there and hope that a managerial appointment works (obviously this next one is crucial).

I'm not expecting miracles next season.
 



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