Why don't we have much money?

[Frank the tank]

Some of that relates to last season so isn't relevant.

My understand is that at the start of every season we set an income and expenditure budget.
So unless there are some weird surprises, like covid, then everything should balance with no financial troubles.
Basically everything (the drop in parachute payments) has already been budgeted for in the staff contracts.

However my understanding from talking to someone at the club is that some of our income has been used to support "United World".
It's United World that is proving far more expensive than the Prince ever imagined and he needs funds from somewhere to keep it going.
So he's used some of our turnover. Haven't a clue if this is correct but it's what I was recently told.
Was also told we are in financial trouble and need to takeover (any takeover) to go through.

It's not true

 

[Westran]

Our last two premiership wage bills were 77 m ( including promotion bonuses )and 55 million the following season

Roughly half of the income for next season

Add outstanding debt onto that, player fees and the ground mortgage, promotion bonuses and then a 20m transfer kitty and there's not much left in the pot.

 

[broomhillblade]

I'm still of the opinion that in the not to distant future a big club prem or champ is going to go pop. Not necessarily us but a 'name'. Football can't carry on like this, it's just not sustainable.

Some people have been saying this a for the past few years but somehow the big clubs seem to survive.

 

[Frank the tank]

The accounts published last June showed debts totalling £115 MILL. The owner has around 9 secured loans outstanding & the mortgage he took out to pay the £35 MILL for the stadium, club & all other properties. The loans were secured against Prem money for both seasons & all the parachute payments. You have to remember the owner won't spend a penny of his own money. He never promised to do this. He's also bought 4 other foreign clubs since the last promotion under Chris Wilder. They all cost money to run & we are the only club he owns , of the 5 under the umbrella of United World, who has been bringing in massive amounts of money for United World. So it's easy to see where the money has gone.

Well done for speaking with so much authority on something you clearly know nothing about

 

[Frank the tank]

Add outstanding debt onto that, player fees and the ground mortgage, promotion bonuses and then a 20m transfer kitty and there's not much left in the pot.

We'll see

 

[Yogi]

I admit I'm a bit thick in this respect. What I don't understand is why, now we've gone up, with the enormous prem tv money and such, and guarantees of more parachute cash if/when we go back down, we're still apparently broke. I know the money in football isn't really "real" disposable cash, but surely we're not that far behind on payments for players that a minimum (per a brief google search) of £135 MILLION doesn't fill the hole? If we are, then serious questions have to be asked not just by us, but by a whole raft of other clubs of similar status.

We won’t have a hole so to speak now Forge but let’s say if that money only 60% is available to spend with the rest being kept back to cover costs then it should still leave us plenty to recruit with but when you look at the asking prices for top champ players like Scott and Gyokeres both rumoured to be above 25 million each then you can see how that money would disappear pretty quickly. We’re going to have to be smart with our recruitment and try and unearth some gems rather than sign established top champ players given we probably need 6/7 in this summer.

 

[TJ blade]

Hopefully the pigs

Name pigs.....not sure that fits them pal

 

[YES Blade]

I'm still of the opinion that in the not to distant future a big club prem or champ is going to go pop. Not necessarily us but a 'name'. Football can't carry on like this, it's just not sustainable.

I’m not sure it will ever happen, even when Portsmouth were in the shit, they still didn’t go bust.

Clubs always find a way to continue, when the small clubs go bust they return as a phoenix club and after a few years it’s as if nothing happened.

 

[Bennyand the Blades]

After reading all this and weighing up all the pro's and con's, I am left with a head ache and the feeling of total apathy. I mean why bother owning a Football club ?
.
Answers on a post card please.....

 

[Not_a_Cheat]

And multi millions every other year as well

And guess what, they won't be skint

We built a one million pound stand around about the time that the first million pound footballer was bought.

That stand landed us in division four and skint every single day since.

There's only one Trevor Francis

 

[Not_a_Cheat]

It's not that we don't have money, it's that the money we have (or rather will get) will be needed to cover increased wages etc. The club takes money to run, we will buy players, the players we have will be on better wages and have promotion bonuses to be paid. We probably do have a spare £20m or so, but to spend that on players would blow our safety net and put us back at square one, the Prince isn't willing to take that risk seen as he's had to subsidise us for so long.

Way I see it is if we can get better than the top teams in the championship have, then if we are relegated we are still the best in the championship. And the club is stronger. I think we'll spend 30m across 5 or 6 players. It's not much, but with a huge slice of luck we stay up, and as long as there's no apocalypse maybe we push on...

 

[Not_a_Cheat]

After reading all this and weighing up all the pro's and con's, I am left with a head ache and the feeling of total apathy. I mean why bother owning a Football club ?
.
Answers on a post card please.....

Sealed down envelope, times are hard.
Yours.
Prince A

 

[Old Programme seller]

If we were to be successful in the league in the coming seasons our debts will grow ideally we need another income stream, years ago teams like ours would bring youth players through and sell them for good money Wimbledon were famous for it but you need one hell of a conveyor belt.

 

[Houston_Blade]

There’s some absolute bollocks being spouted on this thread.

 

[Sheff de party]

Is this Darren our Darren as was? WalthamstowBlade former debating partner?
.

If it is, he’s using a nom de plume on this piece. I know Darren’s surname and it’s not Smith.

 

[Stegosaurus]

Hi Stegosaurus here

Wilder pissed it up the wall on shite, flashing cash around like a scrubber who has just won the lottery and ends up back stacking shelves in Tescos 5 years later.

 

[Stegosaurus]

There’s some absolute bollocks being spouted on this thread.

Hi Stegosaurus here,

Sounds like a challenge...

 

[Houston_Blade]

Hi Stegosaurus here,

Sounds like a challenge...

I think you'll struggle to reach the levels of fuckwittery on show unless you try extra hard.

 

[Need4speed]

Looking at the players we had last time we were in the Premiership (ours not loans) I would say that none of them would ever have been bought by a Premiership club (bar Ramsdale who obviously was). The only way they got to play in the Premiership was because they played for a team that was promoted to the Premiership. On the whole in the first season they did better than ok and we survived. We are in a better position for next season as we probably have three players other Premiership teams would actually buy and play ( Berge, Illyman & Anel) but again the majority of the players will only be playing in the Premier League because they have played for a club that has been promoted. But I think these are weaker or at least now older than last time. Contracts then and now will see these players wages increase substantially, more than in most respects they could hope for.
So first of all - players out of contract that we wish to keep - offer contracts more akin to a championship wage, certainly with relegation clauses to simply match their present terms
Secondly - look to sign players, to cover the areas where we are lacking, that are those kind of players, good enough to play in the Premiership but only ever going to play there if there clubs is promoted. Experienced players in their mid to late 20s. This will fill a gap in the age profile of the club. Again wages more akin to their current Championship contracts with relegation clauses.
What we really need to do is survive and buy time to develop our younger players but not put the club in financial jeopardy.

 

[GrunkyPeep]

The accounts published last June showed debts totalling £115 MILL. The owner has around 9 secured loans outstanding & the mortgage he took out to pay the £35 MILL for the stadium, club & all other properties. The loans were secured against Prem money for both seasons & all the parachute payments. You have to remember the owner won't spend a penny of his own money. He never promised to do this. He's also bought 4 other foreign clubs since the last promotion under Chris Wilder. They all cost money to run & we are the only club he owns , of the 5 under the umbrella of United World, who has been bringing in massive amounts of money for United World. So it's easy to see where the money has gone.

How can we trust anything you say when you can't even get this simple part right?

 

[mattbianco1]

I think our Darren was a lawyer rather than an accountant from memory.

Spelt "pervert" wrong

 

[PaulHalfway]

It’s catch 22, Southampton spent a fortune on young players from around Europe and Man City academy on the basis of developing the potential and then sell on at a profit etc
Look what’s happened to them

 

[TJ blade]

It’s catch 22, Southampton spent a fortune on young players from around Europe and Man City academy on the basis of developing the potential and then sell on at a profit etc
Look what’s happened to them

Southamton have always sold there best players, bit like us and eventually no matter how much money they rake in it eventually ends in relegation sadly.

 

[Berkshire Blade]

I have decided I want either Coventry or Luton to come up with us and they spend most their TV money on building a new ground and coming again rather than on players. Would give us a fighting chance.

 

[Berkshire Blade]

Southamton have always sold there best players, bit like us and eventually no matter how much money they rake in it eventually ends in relegation sadly.

I think other than the top 6/7 sides relegation will always be lurking. Everton are a club with a decent fanbase, mega wealth spent on the side and they have had back to back relegation battles. The 30k sized clubs will always be a bad transfer window or 2 away from relegation

 

[DronnieBlade]

Heineken this time round.

Peronis for Wilders promotion party.

Tells its own story !!

Skiiiiiiint .

UTB

 

[Stu_Blade]

I'm still of the opinion that in the not to distant future a big club prem or champ is going to go pop. Not necessarily us but a 'name'. Football can't carry on like this, it's just not sustainable.

Definitely agree there, will be interesting to see how sustainable Southampton are after relegation this time especially after a lengthy stay in the Premier league, they like Newcastle in 2016 know they only have a couple of seasons tops to get back otherwise it will be selling or bust. The advantage to Southampton has to be their academy and they seem to give the impression that stadium and other facilities are OK. If Everton go down with their vested new stadium interests could be interesting/corrupt to see what happens

 

[CarlMcBlade]

Right apologies if I've missed a thread/discussion on this, but I'm perplexed that we seemingly don't have a pot to pi$$ in (if the rumours are correct). I appreciate that we still have to pay a £4 million instalment on Brewster and a couple of million for Anel, but why would that all of a sudden make us skint? We spent around £65 million the first season (and didn't lose money), plus the 8 million to upgrade the ground (again if the reports are true), so even if we deduct the 5 or 6 million we owe for the players mentioned, surely we should still have circa 55-60 million minimum to spend (I know wages will be included in this). I hope the board give Hecky a fighting chance of survival, or come out and explain the reasons we aren't (as in ground improvements etc). I guess we will shortly find out if we have money or not, I was just a little surprised at what Hecky said when he said there was a slight disagreement between him and the board about where we should be.

I blame the South Stand…

 

[Edgar Allan Poo]

Right apologies if I've missed a thread/discussion on this, but I'm perplexed that we seemingly don't have a pot to pi$$ in (if the rumours are correct). I appreciate that we still have to pay a £4 million instalment on Brewster and a couple of million for Anel, but why would that all of a sudden make us skint? We spent around £65 million the first season (and didn't lose money), plus the 8 million to upgrade the ground (again if the reports are true), so even if we deduct the 5 or 6 million we owe for the players mentioned, surely we should still have circa 55-60 million minimum to spend (I know wages will be included in this). I hope the board give Hecky a fighting chance of survival, or come out and explain the reasons we aren't (as in ground improvements etc). I guess we will shortly find out if we have money or not, I was just a little surprised at what Hecky said when he said there was a slight disagreement between him and the board about where we should be.

We do have some but not enough to fill a barrel.

 

[Bennyand the Blades]

Relax lads, I've written to Donald Tramp and Barak Abarma,
offered em a deal they can't resist.
Fingers crossed, Should here back from em any day now......Anon....