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Post by gw57 on Jun 8, 2011 12:58:50 GMT 1
Just to re-iterate that things are not quite as bad after relegation as they first seemed. We are well placed in managing our finances and there are apparently talks planned (in Cyprus) to curb spend in the Championship, so we are probably no longer at the stage where we cannot compete financially to attract players, against most other Championship teams. Whether Karl wishes to compete is another question
This is lifted from the BBC web site
The Football League clubs currently have around £700m of debt - and more than 80% of this is in the Championship
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Post by Tangerine Sherlock on Jun 8, 2011 13:14:58 GMT 1
That is frightening level of debt for the championship, glad we will never find ourselves in that sort of mess
I think Karl will compete more than he use too as he has been Bitten by the Prem bug plus Ian has his ear
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Post by yenilira on Jun 8, 2011 20:00:20 GMT 1
I know it's not exactly about the CCC, but does anyone know what each player gets for playing in the Prem from the league?
My info divulges the following:-
Prem Wins: £1,500 per point (=£4,500). 10 wins x £4,500 = £45,000.
Prem Draws: £1,500 a draw. 9 draws x £1,500 = £13,500.
making a grand sum of £58,500 per player, depending on the number of games played, I presume.
Or is this sum to go to the Club?
Can anyone confirm or deny this, please?
YL.
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Post by Tangerine Sherlock on Jun 9, 2011 5:57:00 GMT 1
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Post by yeoldetangerine on Jun 9, 2011 8:03:36 GMT 1
Classic mistake of looking at the top line figures, and not understanding the detail. The wage cost includes the £5M bonus pot, paid this year, but put against last year's accounts. Obviously dependent on success, if we hadn't been promoted, wouldn't have been paid. Also, the thought that two years ago KO was gambling on promotion to the Prem, poor journalism, all we were doing was trying to survive in the Champ. Would expect better from the Indie
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Post by Tangerine Sherlock on Jun 9, 2011 8:10:54 GMT 1
The Broadsheets as they where once known lol seem to have employed some reporters from the Sun,Star and Mirror. They are all reporting incorrectly on various topics even my paper of choice the Times is getting it all wrong but at least the cricket reporting is spot on.
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Post by april13th1970 on Jun 9, 2011 18:36:07 GMT 1
No such problem with my paper of choice . . . . . Andrex
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Post by louisea on Jun 9, 2011 19:07:27 GMT 1
The Independant article has now been re written after several AVFTT posters pointed out that the Blackpoool wage bill included the £5 million bonus payment. The journalist also contacted AVFTT with an apology....
OK, mea culpa, but let me explain before I’m strung up from the Blackpool Tower.
I was given three hours to turn around the story and supplied with a chart from Deloitte showing the club-by-club wages/revenue ratio, the news story by a colleague which also runs in the paper, and a press release from Deloitte which mentioned ‘concern’ about the wages/revenue ratio of Championship clubs.
With my colleague leading on the rise in player wages the obvious second line was Championship spending, especially with Greg Clarke, the Football League’s CEO, revealing that Championship clubs had agreed to adopt a version of Uefa’s Financial Fair Play. The glaring statistic was the great big bar on the right of the Deloitte bar chart showing Blackpool’s 134 per cent wages/revenue ratio.
There was no mention, in the material supplied, of bonus payments being a factor in this figure. It is in the Deloitte report, but that is 72 detailed pages of stats, charts and financial info, plus 18 pages of appendices. Blackpool’s bonuses are mentioned in a paragraph on page 39, and a paragraph on page 41. Although Deloitte biked a report around to me when I realised I would have to write a story on it I received it at ten past six, I had to file by seven. There was no time to read the full report and absorb all the info, just to check figures, and I did not come across those paragraphs.
I did read them, with a heavy heart, very late last night, when the paper had already been loaded onto trucks and sent off to newsagents. What I should then had done was contact the website staff and get the article changed but, being print-orientated after too many years to mention in the trade, it didn’t occur to me. It will next time (and there will be a next time, I do try hard not to make mistakes, and regret them when I do, but unfortunately they do happen sometimes).
Incidentally, stripping out the £5m bonus (this is a reported figure, it’s not in the Deloitte report) Blackpool’s wages are 81 per cent of revenue. Obviously nothing like as high as 134 per cent, but still well above the recommended 60 per cent.
As has been noticed, the story on the Indie’s website has been removed. It has been replaced with one that takes into account the bonus payments.
Incidentally, I would have sent this reply earlier but it took several hours for my log-in to be approved.
Thanks for your attention, good luck next season
Glenn Moore
......
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Post by bigjohncraven on Jun 9, 2011 19:49:30 GMT 1
Good god now I have seen it all,a jouno apologising for getting the facts wrong. Still if he's right and we paid 80% of our turnover in wages all this talk of boosting wages up to compete with the others in the Championship looks like the sort of thing Karl wont go for,and I'm not sure I blame him.
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Post by louisea on Jun 9, 2011 20:08:58 GMT 1
dont forget John that our average home gate in that season was probably around 7500-8000 we have already sold over 9000 season tickets so should expect to average over 13k or more depending on well we do
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Post by bigjohncraven on Jun 10, 2011 10:30:43 GMT 1
Hope your right Lou,looks like we have to hope some of the plastics have got the bug and turn up this coming season. As long as they support the team and dont leave early that is!!
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