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Ipswich announce losses of almost £16m for financial year ending June 2012

killerandflash
killerandflash Posts: 70,474
in Other Football and Sports
http://www1.skysports.com/football/news/11095/8618670/
Ipswich's wages-to-turnover ratio is one of the highest in the Championship at 119% - an increase of 17% on the previous year.
The wacky world of football finances. Especially shocking when you look at the team they've put out on the pitch these last few years...

Comments

  • cafckev
    cafckev Posts: 2,923
    From £10.8 mill to £250,000 shows how far their player development side has fallen. Thats a huge amount to drop in the space of one year!
  • ShootersHillGuru
    ShootersHillGuru Posts: 50,679
    Debts of £79.6 million. How on earth can a Championship club sustain that or hope to clear it.
  • guinnessaddick
    guinnessaddick Posts: 29,127
    It wasn't that long ago that the club was in admin.
  • Friend Or Defoe
    Friend Or Defoe Posts: 18,186
    One thing for it, ticket price increase!
  • killerandflash
    killerandflash Posts: 70,474
    ShootersHillGuru said:

    Debts of £79.6 million. How on earth can a Championship club sustain that or hope to clear it.

    It's mainly owed to the owner, but you wonder how long he can/will keep on financing the club, especially with the FFP rules coming in. Presumably, like virtually all other clubs, they're hoping for the PL pot of gold, but with their current team that looks a long way off.

  • RedPanda
    RedPanda Posts: 5,022
    Friend Or Defoe said:

    One thing for it, ticket price increase!

    Then go pay even more wages to players like DJ Campbell, Jay Tabb and Aaron McLean. Sickening really.

  • cafckev
    cafckev Posts: 2,923
    No club will really ever break even because every time a club has a chance to make some profit, an agent sees it as a opportunity for his player to increase his wages so therre isnt really a profit.

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