What a strange question. Does TS have to run everything past you first ? Did he consult you on Adkins appointment or the changes to the training ground.
Given the wage bill will be relatively low this season as we had to comply with the salary cap until after the January window and we raised some decent money in the last summer window (Bonne sold, Phillips sold, think we got something for Doughty and there was a sell on for Grant that brought some cash in) I wonder how much money will have been required to fund the club.
I doubt we’re breaking even, but it might not be as horrific as previous seasons.
Given the wage bill will be relatively low this season as we had to comply with the salary cap until after the January window and we raised some decent money in the last summer window (Bonne sold, Phillips sold, think we got something for Doughty and there was a sell on for Grant that brought some cash in) I wonder how much money will have been required to fund the club.
I doubt we’re breaking even, but it might not be as horrific as previous seasons.
True wages may be higher next season whatever league we are in.
FFS, I thought the days of us selling our younger players on the cheap had gone. I’ll be asking for a refund on the season tickets I bought today now. Yet again we have had the wool (from your cardigan) pulled over our eyes.
Be interested to know airmans views but Bonne, Phillips; Doughty and Grant would have netted about c£6m. Take off say £500k on transfers in. Then you have solidarity payments, a small amount of commercial income from ValleyPass, shop etc and an extra Covid payment from the PL if i recall correctly. Combine that with a low salary bill, much reduced costs for putting games on without fans I am guessing and maybe Covid rates relief of some sort and we might not be too far off breaking even.
hopefully TS also took the opportunity through the rent moratorium to have paid RD precisely no rent whatsoever under the lease obligations to date.
Be interested to know airmans views but Bonne, Phillips; Doughty and Grant would have netted about c£6m. Take off say £500k on transfers in. Then you have solidarity payments, a small amount of commercial income from ValleyPass, shop etc and an extra Covid payment from the PL if i recall correctly. Combine that with a low salary bill, much reduced costs for putting games on without fans I am guessing and maybe Covid rates relief of some sort and we might not be too far off breaking even.
hopefully TS also took the opportunity through the rent moratorium to have paid RD precisely no rent whatsoever under the lease obligations to date.
If you look at the 2018/19 seasons accounts the key things are.
Income
Central payments 1.5 million, match day 4.1 million, commercial 1.3 million and other 0.8 million. Total operating income £7.8 million.
Player sales also accounted for 2.9 million.
Costs
Wages, including all staff, academy etc £10.4 million. Total operating costs, including wages was £19.7 million.
Loss
Just over £10 million quid.
This seasons player sales probably cover the 18/19 play sales most of the lost match day revenue (remember that includes the play offs as well).
I can't see how you can get anywhere near break even?
I thought Thomas said he put 2 hrs funding in up front as requested by EFL. £21 Million squids. Plus buying the club and legal fees and one player purchase, Schwartz.
2hrs funding, that’s not going to last much past 120 minutes.
We are certain to have lost money this season but, hopefully, TS will have expected that. Covid means it maybe worse that expected, Gallen's shrewd sales, maybe a little less.
Even with a Papal windfall we (Thomas) will probably still lose money next season.
Losses aren't a problem if they are in the business plan and so expected.
Comments
Where’s the tooth fairy when he’s needed?
hopefully TS also took the opportunity through the rent moratorium to have paid RD precisely no rent whatsoever under the lease obligations to date.
Income
Central payments 1.5 million, match day 4.1 million, commercial 1.3 million and other 0.8 million. Total operating income £7.8 million.
Player sales also accounted for 2.9 million.
Costs
Wages, including all staff, academy etc £10.4 million. Total operating costs, including wages was £19.7 million.
Loss
Just over £10 million quid.
This seasons player sales probably cover the 18/19 play sales most of the lost match day revenue (remember that includes the play offs as well).
I can't see how you can get anywhere near break even?
We are certain to have lost money this season but, hopefully, TS will have expected that. Covid means it maybe worse that expected, Gallen's shrewd sales, maybe a little less.
Even with a Papal windfall we (Thomas) will probably still lose money next season.
Losses aren't a problem if they are in the business plan and so expected.