The State of Sheffield United's Finances with Kieran Maguire

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YorkBlade

YorkBlade

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Sheffield United’s accounts for 2022/23 have been published, University of Liverpool football finance lecturer and price of football co-host Kieran Maguire delves into the numbers and what they mean for the clubs future.

VIDEO




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You can listen anywhere you get podcasts just search 'Sheff United Way' or direct links:

Spotify https://spoti.fi/2Wus1Hi
Apple https://apple.co/3DjI4IJ
 

Excellent, no offence to Darren but an independent view will be a lot more of use.
 
The last comment sums up the insanity that is football today. Clubs in the Championship are spending more on wages than they bring in. It's absolutely bonkers.
 
I'll watch this tomorrow while the wife is out.

If I was to leave the lounge to watch it now, I'd have to explain I'm watching an interview with a finance expert talking about Sheffield United's latest accounts and I'll probably be laughed at and divorced.
 
I’ve not seen it yet but it does make you think that with all owners wanting a piece of the premier league money pie that’s why they take the gamble but the promised land isn’t paved with gold because when you get there you have to spend bigger and then the season after the players want bigger wages and the fans want bigger players, however frustrating Division one was there was an honesty about it (only when you’re winning)
 
ancientblade said:
unbelievable financial stats football really has to get back in to the real world salaries need capping as they are in rugby league and nfl its a wonder loads of clubs havent gone in to administration
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I think administration isn't far away for a lot of clubs.

Throw in the PL dragging it's feet over a new funding package for the EFL then it creates a worrying situation for a lot of clubs. It's clear some of the big PL clubs are itching to pull up the ladder and fuck the rest of the football league clubs off.
 
What is our financial situation according to KM compared to others in championship?
 
Nedski said:
I'll watch this tomorrow while the wife is out.

If I was to leave the lounge to watch it now, I'd have to explain I'm watching an interview with a finance expert talking about Sheffield United's latest accounts and I'll probably be laughed at and divorced.
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Some kind of pervert or something?! 😆
 
Lower Drop Blade said:
What is our financial situation according to KM compared to others in championship?
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If and when Archer goes back, and if we can sell Anel and/or Souza to get decent fees in, then the finances (for a Championship club at least) should be in ruddy health and we should be more than fine. Yes we have to bring in a lot of players but then a lot of expensive players and their contracts are out of the door and we still have a decent core of players left over supplemented with the young lads coming through. I would expect us to be able to be very competitive in player wages for the Championship and be a good bet for w team who is knocking on the door again for promotion if we get it right recruitment wise. The issue is whether we can use our money well rather than being brassic next season.
 
Weasel said:
If and when Archer goes back, and if we can sell Anel and/or Souza to get decent fees in, then the finances (for a Championship club at least) should be in ruddy health and we should be more than fine. Yes we have to bring in a lot of players but then a lot of expensive players and their contracts are out of the door and we still have a decent core of players left over supplemented with the young lads coming through. I would expect us to be able to be very competitive in player wages for the Championship and be a good bet for w team who is knocking on the door again for promotion if we get it right recruitment wise. The issue is whether we can use our money well rather than being brassic next season.
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agree with that big summer coming up for the club get the recruitment right and i see no reason we shouldnt be challenging for top 6 we were so unprepared for the premier league last summer we never stood a chance of staying in it
 
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we are afloat,
but like most championship / prem wannabes , we are finding it harder every year to bridge the wages gap
from a 20/25m budget which is decent in the championship we cant make that leap to the massive wage budgets built up in the prem
and our budget dwarfs our neighbours Sheffield Wednesday (Championship) Total Gross Salaries for the 2023-2024 Season is £15,913,000, or £306,019 per week
 
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Nedski said:
I'll watch this tomorrow while the wife is out.

If I was to leave the lounge to watch it now, I'd have to explain I'm watching an interview with a finance expert talking about Sheffield United's latest accounts and I'll probably be laughed at and divorced.
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Just make sure you have PornHub open on the other tab to quickly swap over to and save on embarrassment
 

blade too long said:
we are afloat,
but like most championship / prem wannabes , we are finding it harder every year to bridge the wages gap
from a 20/25m budget which is decent in the championship we cant make that leap to the massive wage budgets built up in the prem
and our budget dwarfs our neighbours Sheffield Wednesday (Championship) Total Gross Salaries for the 2023-2024 Season is £15,913,000, or £306,019 per week
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2022/23 the salaries figure was £42m including, it’s believed £10m or so in bonuses. The year before, no bonuses, was £36m. So if the £28m figure is correct we’ve reduced the 21/22 cost by around 20%. To play in the PL.
 
Sean Thornton said:
2022/23 the salaries figure was £42m including, it’s believed £10m or so in bonuses. The year before, no bonuses, was £36m. So if the £28m figure is correct we’ve reduced the 21/22 cost by around 20%. To play in the PL.
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I think the article was just on "basic" salary for all , God only know what bonuses the top clubs players get
 
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It’s made up information, they admit it in the article. There’s no way our wage bill is only £28m a year.
 
Sean Thornton said:
2022/23 the salaries figure was £42m including, it’s believed £10m or so in bonuses. The year before, no bonuses, was £36m. So if the £28m figure is correct we’ve reduced the 21/22 cost by around 20%. To play in the PL.
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I think Bettis said promotion bonuses were 12m that season.

The only way to right footballs financial ills is to have a salary cap. The entirety of footballs financial woes is down to player costs. I'm amazed that players don't get it in the neck more for their totally immoral earnings.

Everyone is quick to slag investment bankers et al for big salaries but they are paid based on production. There's players paid multiple millions a year for doing f all and how many clubs have gone under not paying local suppliers but having paid out multiple millions to players?

It permeates all the way down, there's a bloke playing step 5 football down here getting 600 quid a game, how the @@@@ does that happen?
 
When you look at it, to be genuinely self sustaining and responsible, we probably need to reduce the wage bill to that of Preston ( the actual Preston have one of the most reckless wage bills in the league as well ). Which makes us un-competitive with our peers, who are prepared to gamble away. The only way to bridge that without a real sugar daddy, is through player sales. The Adams, Brooks, Dcl and Maguire/Walker sell ons, helped us to expand and replenish a competitive team through the promotions. We invested heavily in young mainly British talent once we were in the Prem, but with no return. We are seemingly heading in the right direction on our own talent again, but struggle in findings value from abroad. The frustrating contradiction seems to be that the best model for staying in the Premier ( and Forest are showing spending 300 million is no guarantee) is keeping the unity of the team you went up with, adding some experienced heads and prioritising a sound defence. On the other hand you are less likely to develop platers to sell on that way. The Prince focused on keeping the team together when we went down, it kept us competitive but we were not able to replenish and develop the squad, ended up selling our our best players at their lowest value at the worst time and arrived in the Premier with many of the team on their last legs and no real market value. Leeds and Southampton, spent a fortune on young players, played attacking football, were relegated, but Southampton were able to sell over 100 million of talent and still put in a competitive promotion bid, if Leeds don't make it up this season they could probably bring in the same and cover the losses. Basically it's all too complicated for me....
 
FriethBlade said:
I think Bettis said promotion bonuses were 12m that season.

The only way to right footballs financial ills is to have a salary cap. The entirety of footballs financial woes is down to player costs. I'm amazed that players don't get it in the neck more for their totally immoral earnings.

Everyone is quick to slag investment bankers et al for big salaries but they are paid based on production. There's players paid multiple millions a year for doing f all and how many clubs have gone under not paying local suppliers but having paid out multiple millions to players?

It permeates all the way down, there's a bloke playing step 5 football down here getting 600 quid a game, how the @@@@ does that happen?
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Yes...... but this is a seller's market and it has been since Fulham started paying Johnny Haynes £100 a week and clubs were no longer able to prevent players leaving at the end of their contracts. It might seem odd to many forum users that used to be the case.

Though it might seem counter-intuitive it's really no fault of any of the grossly overpaid players, all the blame is with football club owners and the fans that demand their clubs compete at a higher level than they can rightly afford.

I'm only in favour of a salary cap in the sense that clubs should be required to break-even - and even by that I mean in cash flow terms. Soft loans from owners should not be allowed and each club should only be permitted to spend on player/coaching salaries and transfer fees what it's able to budget for plus anything it brings in from transfers out and owner inputs that are not loans (eg share capital, gifts, or D-Taxis type "advertising"). Exceptional items such as infrastructure sales (stadium, training ground etc) would also be excluded from what you're allowed to spend on the squad.

The leagues would still be unequal but clubs would not be in such jeopardy of going out of business in this casino-style environment they currently operate in.
 

Sean Thornton said:
Well win bonuses won’t be pushing that figure upwards…….
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The Prince is a little stressed & possibly crying ?, as he only budgeted for 2 win bonuses season to date - Chris will have had his card marked during the Dinnington strategy get together in the Gallows tap room
 
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