Would look a bit different if off the books payments was included.
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ENIC
- Thread starter mattls
- Start date
Bullet
Andy Thompson
And Liverpool. Bizarre. I call flimflam.
Also they pick out Leeds and Leicester as the most efficient as though it is some sort of sustainable wonderful efficiency, when it is just a lucky season where a crappy little club does better than expected, before falling away.
It was posted in may 2021 so they'd be working on 19/20 financials. Difficult to find just player wages other from the papers but this was swiss rambles from the season before. They've knocked over £100m from citys wages for one thing.
parklane1
Tony Galvin
It will never be enough for the wanabees at the trust and all the muppets that support them whatever the club says. They really think they are important but are really nobodys with a false sense of importance.
At least it keeps them busy.
parklane1
Tony Galvin
Sad sacks who are deluded into thinking they have some importance and they sit around and clap each other on the backs.
metalgear
Luka Modric
nice one i see what you did there... to be more pedantic, we should be thinking about increasing our wages to attract better players.
we don't talk about it but you know that's how it works in real life - look at the place where you work.
clubs may agree to sell the value of the contract, but best talents typically want fair/ maximum income. players won't own up to it on social media of course, their agents won't let them.
Which players and how much? Our wages are fairly low compared to the other big 6 but our bonuses are the best in the prem.
metalgear
Luka Modric
Would you think the swissramble would have annual wages including bonuses?
Also do we really have the lowest "Wages to Turnover" % amongst all 20 clubs? Anomaly from unexpected revenue perhaps? Looking at Chelsea at 64% and the usual top 4 suspects around 55% it looks like we're doing something really diffferent there.
That's 18/19. Been a lot of changes since then. The new sustainability rules mean that all clubs in europe (or competing for europe) will have to come in line to a similar level of % of wages to turnover over the next 3 years. They could have lower but it's probably unlikely.
The prem will be bringing in similar rules soon.
Bishop
John Lacy
Bonuses that don't have to be paid. [emoji28]
In all seriousness, would you rather have a higher base wage that allows you to save, spend and invest with certainty over a period of years or a lower base salary that pays bonuses based on performance and the performances of your teammates who you cannot control or directly influence?
Keep in mind that those bonuses might be difficult to achieve and may only take you to parity with the earnings of your outside competitors with more work done to get there.
It's a difficult sale especially as we are not the market leaders. If we were Barcelona, Real Madrid, Emirates Marketing Project etc where the likelihood of the bonuses being paid out was high or the prestige of joining said club was also high it would be an easier sale to make.
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Bishop
John Lacy
We've traditionally under ENIC had one of the lowest Wages to Turnover ratios. Hovering around the 49% mark up to a high of 61% iirc.
Arsenal used to have similar figures as did Manchester United although both appear to have allowed a bit more of a spend on their wages at the same time as we tightened up a bit. [emoji848]
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I'd imagine (without any expertise on the matter) that in order to secure favourable bank loans regarding stadium financing and debt management we may have had to show that the club was in a healthy financial position- if we had a high wage to turnover ratio then would banks have seen that as a risk? Probably need to have shown that the club is not reliant on european football income in order to cover it's financial commitments
From a players point of view you'd want a set pay, then you don't have to worry if you play or do well. From a club point of view bonuses all day long, give them an incentive to do better.
Get in the champions league give a share of the extra revenue to the players, miss out you can afford the wage bill. Tbh i think they should make it a rule that every contract (in english football) has a premier league bonus and a championship bonus. You wouldn't need parachute payments. You get relegated your pay goes down. Might make some players fight harder to survive.
Finney Is Back
Luka Modric
Yes. Bonuses are counted as part of the wage bill in the financial reports. That is the same for us and all clubs. We have typically always been at or under 50% with our wage to turnover ratio.
New FFP rules look at combined wage and transfer fee spend (with agents fees included as part of the transfer fee). Many clubs in Europe will struggle with the new FFP regulations and I'll be interested to see how that unfolds and how heavily UEFA punish those who do not apply. We are quite well placed for the new regulation (though missing the CL will definitely have an impact on our transfer budget).
Unfortunately we have now missed our window for a high level of spending on the playing side of the club. The time to do this was a few years ago when we were the furthest under the FFP line of all clubs in Europe (we had a massive £400m of wiggle room at one point) though the club couldn't take on more debt to spend due to the high level of debt that the overspend on the stadium resulted in, it would therefore have had to have been done via injection of capital from owner or outside investment.
Finney Is Back
Luka Modric
Yes, our EBITDA would've been important at this stage.
Finney Is Back
Luka Modric
That would seriously hamper the potential to recruit for the bottom 12ish clubs in the Premier League.
They could offer release clauses.
Finney Is Back
Luka Modric
I've never been one for allowing regulatory bodies to interfere in the amounts that workers can be paid other than ensuring that there are minimums in place to avoid exploitation.