Where has £3.95 million gone?

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Pseud O'Nym
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Re: Where has £3.95 million gone?

by Pseud O'Nym » 08 Jan 2011 20:26

Ian Royal
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Ian Royal I'd certainly be interested to see what our wage bill was compared to the Prem years and the Champ ones before that. And for the last couple of seasons as well.


According to the financial statement of 01/10/2009 "our wage bill was double that of the last time we were in the Championship". If you consider that wages were 80.2% of turnover in the promotion season then, even when you nail 11.2 million parachute payment onto C. 16 million receipts, you're looking at some pretty horrific numbers.


That'd put it at more than £20m wouldn't it? :shock:


Around £28m I think.

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Harpers So Solid Crew
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Re: Where has £3.95 million gone?

by Harpers So Solid Crew » 08 Jan 2011 20:31

Our wage bill for 05/6 was about £12mill, though that would include promotion bonuses I would expect, I would be disappointed if following relegation this well run club then paid £24m in wages in the attempt to get back, with no bonuses for success.

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Svlad Cjelli
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Re: Where has £3.95 million gone?

by Svlad Cjelli » 08 Jan 2011 20:33


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Harpers So Solid Crew
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Re: Where has £3.95 million gone?

by Harpers So Solid Crew » 08 Jan 2011 20:40

didn't you post that once before?

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Pseud O'Nym
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Re: Where has £3.95 million gone?

by Pseud O'Nym » 08 Jan 2011 20:41

Harpers So Solid Crew Our wage bill for 05/6 was about £12mill, though that would include promotion bonuses I would expect, I would be disappointed if following relegation this well run club then paid £24m in wages in the attempt to get back, with no bonuses for success.


And what was the alternative? What would the reaction on here have been if the club had sold all our best players immediately upon relegation?


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Harpers So Solid Crew
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Re: Where has £3.95 million gone?

by Harpers So Solid Crew » 08 Jan 2011 20:42

Pseud O'Nym
Harpers So Solid Crew Our wage bill for 05/6 was about £12mill, though that would include promotion bonuses I would expect, I would be disappointed if following relegation this well run club then paid £24m in wages in the attempt to get back, with no bonuses for success.


And what was the alternative? What would the reaction on here have been if the club had sold all our best players immediately upon relegation?


Go back and look at the players used in that first season, you might be surprised.

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Pseud O'Nym
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Re: Where has £3.95 million gone?

by Pseud O'Nym » 08 Jan 2011 21:33

Harpers So Solid Crew Go back and look at the players used in that first season, you might be surprised.


Shan't, at least not till tomorrow. RFC is meant to be my relaxation, I've got plenty of work to get stressed about, but sometimes the bollocks spouted on here just draws me in. I'm going to chill out now by analysing some management structures and trying to derive implementable business rules from them, buggrit.

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Re: Where has £3.95 million gone?

by glass half full » 08 Jan 2011 21:38

Pseud O'Nym
Harpers So Solid Crew Go back and look at the players used in that first season, you might be surprised.


Shan't, at least not till tomorrow. RFC is meant to be my relaxation, I've got plenty of work to get stressed about, but sometimes the bollocks spouted on here just draws me in. I'm going to chill out now by analysing some management structures and trying to derive implementable business rules from them, buggrit.


£67,000 from today's win! :D :D :D

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Re: Where has £3.95 million gone?

by glass half full » 08 Jan 2011 21:44

Harpers So Solid Crew didn't you post that once before?



:lol: :lol: :lol:


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Re: Where has £3.95 million gone?

by Pseud O'Nym » 08 Jan 2011 21:51

glass half full
Harpers So Solid Crew didn't you post that once before?



:lol: :lol: :lol:


Deja vu
Deja vu
Deja vu...

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Re: Where has £3.95 million gone?

by glass half full » 08 Jan 2011 22:11

Pseud O'Nym
glass half full
Harpers So Solid Crew didn't you post that once before?



:lol: :lol: :lol:


Deja vu
Deja vu
Deja vu...


:lol: :lol: :lol:

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Re: Where has £3.95 million gone?

by No Fixed Abode » 09 Jan 2011 04:32

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No Fixed Abode If Long gets injured(He's just limped off at half time in the WBA game), then where are your goals coming from?

He's still playing in the second half.......



Ok, fair enough.

BUT seriously, you sold Sigurdson for 7m and ok, Reading are trying to have a tight ship financially, but you would expect a team that had two years in the prem, to have a little financial clout over teams that haven't been in the top flight for some time, plus the fact all the high earners are off the wages bill and have gone elsewhere.... Surely they can afford a 1m player plus his wages........Reading do have a decent squad for the Championship, but injuries to vital player will kill any promotion hopes.

Please don't kid yourself and come up with excuses......if they can't afford that, then something is seriously wrong at the club.

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Re: Where has £3.95 million gone?

by andrew1957 » 09 Jan 2011 17:16

I do find the attitude of some of you on here to be frustrating. Some have called me a WUM and nothing could be further for the truth.

As Victor said earlier I was one of the most supportive posters about the club for a long time. I supported the club for many years prior to the PL years and saw the club being built brick by brick and in general I agreed with that approach. I am all for developing the Academy and bringing through young players and for buying talent from the lower divisions and developing players etc etc.

BUT what disturbs me is that the promotion to the PL, two seasons there, two years parachute payments and a profit on player sales of some £20M, let alone the additional PL ticket sales (home and away) and merchandising brought the club is at least an ADDITIONAL £140,000,000 as compared to the income we would have generated if we had never been promoted. As not one penny of this money was invested in the squad (the cost of putting together the 2005-6 squad was all but identical to the cost of putting together the 2010-11 squad) the only items I am aware of that were paid for out of the £140M were the training ground and the new press box. The pitch was rebuilt - but that would have had to have been done anyway.

Assuming all the rest (say £130M) went on higher wages, I think it is a scandal if we wasted that much. In reality I suspect that some loans at least have been repaid - I have no problem with that but just wish the club would be honest.

What bugs me is that we were told there was a shortfall of £4M last June and even though we raised £8M in player sales, little of the surplus has been reinvested. Most of you seem to see no inconsistency in all this and I suppose the Chairman is right. If the fans don't care why bother to invest?

As for Bradley W-P. I have no problem with him. Have not seen him play enough to make a sensible comment and he is probably at least Championship standard, so on one level it might turn out to be a good buy - BUT what virtually everyone who has commented on what we "need" has said in past months that we need a target man type striker who can change a game. I think Long is superb, but if he gets injured who will lead the line. Even if W-P does sign we will only have three small strikers to take his place.

Anyway clearly from these pages I am in a minority - although it would appear a growing one - most of you are happy to be told one story one minute by the club and a different story the next.

I still hope we succeed. No one wants promotion more than me and I do think the Chairman would like promotion but only if it can be obtained without any risk whatsoever. He might get lucky again, just as we were incredibly lucky in 2005-6 as Victor also said earlier. It was a fluke season that year. We only had 10 senior pros at the end of 2004-5 and the Chairman showed some ambition (signed Lita with his own money) plus sanctioned the signings of Doyle, Long, Oster, Gunnar, Makin and others - who all gelled into an amazing team/squad. You can argue that was good management - good coaching etc, but it is what virtually every team tries to do every season and it hardly ever works.

This season we have the potential of another excellent squad - overall better than we had at the end of 2004/5 and just a little ambition could take us to even higher heights, but that ambition seems to be missing this time.

Fortunately for us McD is defying the odds at the moment and long may that continue.


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Re: Where has £3.95 million gone?

by Yellowcoat » 09 Jan 2011 17:23

Not much understanding of the expenditure side of the accounts yet again. All you focus on is ill informed income. Stand back and deal with reality not how you would like things to be!

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Re: Where has £3.95 million gone?

by Royal Monk » 09 Jan 2011 17:30

Although its difficult to pin point the exact figures i think andrew 1957 guestimating isnt too far off the mark ... in summary we have clearly been mugged off and most of you plebs cant see it

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Re: Where has £3.95 million gone?

by Yellowcoat » 09 Jan 2011 17:35

Sorry but the mugs are those who just see, and believe, headline transfer figures and take no account of all the costs involved in running a football club.

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PieEater
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Re: Where has £3.95 million gone?

by PieEater » 09 Jan 2011 17:36

Or fail to take any notice of the published accounts.

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Re: Where has £3.95 million gone?

by Wycombe Royal » 09 Jan 2011 17:39

Royal Monk Although its difficult to pin point the exact figures i think andrew 1957 guestimating isnt too far off the mark ... in summary we have clearly been mugged off and most of you plebs cant see it

His estimating of the transfer activity figures will be fairly close, but he takes very little else into account and that is the problem with his "guestimating".

Yours sincerely

A. Pleb
BA (Hons), ACMA

:wink:

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Re: Where has £3.95 million gone?

by andrew1957 » 09 Jan 2011 17:40

Yellowcoat Not much understanding of the expenditure side of the accounts yet again. All you focus on is ill informed income. Stand back and deal with reality not how you would like things to be!


Of course non wage expenditure was higher for the two years in the PL - but if you seriously think it ate much into that £130/140M of additional income you are deLOLuded (we have to pay for the ground, rates, infrastructure etc whatever division we are in). Wages is the only conceivable explanation and we were never amongst the higher wage payers even in the two PL seasons.

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Re: Where has £3.95 million gone?

by Stranded » 09 Jan 2011 17:54

Well over the two years in the Prem, the official figures are that we made a £13m profit in the two years in the prem. The two years prior to that we lost £12m. We lost £6.25m gambling in getting back in that first year and we had to repay a £7.5m overdraft.

Of course you may want to call these figures all lies, but they are the only figures we have and I think it makes everything pretty clear but hey ho.

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