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ENIC

The obvious thing to point out is it's a percentage of turnover.

Look at most teams turnover and you'll realise why their percentage is so high.

Hence Arsenal United and City are down there with us

We can increase it but that's likely to happen as the cycle we are in matures.

The irony being that our percentage could go up (everyone happy) because of less turnover...but our actual real wage spend could go down.
People would not bl8nk at that and see it as a positive
 
Interestingly our total wage bill is below Villa's and only £5m above Saudi Sportswashing Machine. Lot of stuff out today from Deloitte, we're 9th in total revenue and I think 7th is probably the highest we could really get too in the next few years.

Probably a little higher if Emirates Marketing Project and PSG were honest about revenues.
 
Interestingly our total wage bill is below Villa's and only £5m above Saudi Sportswashing Machine. Lot of stuff out today from Deloitte, we're 9th in total revenue and I think 7th is probably the highest we could really get too in the next few years.

Yes, there are now a number of clubs out there with lower revenue than us but who are more ambitious than us from a footballing perspective, as well as there being another set of clubs who have higher revenues than us as well as more ambition from a football perspective

That is before you add the clubs who simply ensure that they operate a better resourced and financed data, scouting and recruitment department than we do.
 
Yes, there are now a number of clubs out there with lower revenue than us but who are more ambitious than us from a footballing perspective, as well as there being another set of clubs who have higher revenues than us as well as more ambition from a football perspective

That is before you add the clubs who simply ensure that they operate a better resourced and financed data, scouting and recruitment department than we do.
How much of the transfer spending would you like to see allocated towards wages?
 
How much of the transfer spending would you like to see allocated towards wages?
if we want to win something - as much as possible within ffp regulations.
without a rich winning history, we need to accept paying a premium to attract quality players, even if it is to sit on the bench
once we've got a winning streak, i am sure we can pay less as a more attractive club to join (relative to the new income we would be receiving)
 
if we want to win something - as much as possible within ffp regulations.
without a rich winning history, we need to accept paying a premium to attract quality players, even if it is to sit on the bench
once we've got a winning streak, i am sure we can pay less as a more attractive club to join (relative to the new income we would be receiving)
If we were to pay bigger wages to attract better players we'd fairly soon find ourselves in a position where we can't sign many more players.

FFP will reportedly end up capping wages to turnover at 70% i believe. Push our wages to that and I think we essentially have no money to sign anyone.

1 percentage point up on our wages to turnover pretty much means 5.5m less to spend on transfers every year.
 
If we were to pay bigger wages to attract better players we'd fairly soon find ourselves in a position where we can't sign many more players.

FFP will reportedly end up capping wages to turnover at 70% i believe. Push our wages to that and I think we essentially have no money to sign anyone.

1 percentage point up on our wages to turnover pretty much means 5.5m less to spend on transfers every year.
Amortisation + wages + agents fees will be capped at 70%.
 
If we were to pay bigger wages to attract better players we'd fairly soon find ourselves in a position where we can't sign many more players.

FFP will reportedly end up capping wages to turnover at 70% i believe. Push our wages to that and I think we essentially have no money to sign anyone.

1 percentage point up on our wages to turnover pretty much means 5.5m less to spend on transfers every year.
To be competitive in the pitch, it means to be financially competitive too. No need to take unnecessary risks, have a safe margin from the limit but be able to fight for top players too.

All the amazing talents now, which ones will stay like kane and son? Or will they go the way of modric and Bale if they don't find success at spurs?
 
To be competitive in the pitch, it means to be financially competitive too. No need to take unnecessary risks, have a safe margin from the limit but be able to fight for top players too.

All the amazing talents now, which ones will stay like kane and son? Or will they go the way of modric and Bale if they don't find success at spurs?
For sure the wage budget should go up over time with this model. I think that's baked in.

Modric and Bale were huge successes for us. More of those, yes please.
 
For sure the wage budget should go up over time with this model. I think that's baked in.

Modric and Bale were huge successes for us. More of those, yes please.

its not increasing fast enough to be competitive
agree, bale and modric very the best talents that funded subsequent purchases ...
guess you won't be sore when grey and bergvall leave for real madrid...
 
its not increasing fast enough to be competitive
agree, bale and modric very the best talents that funded subsequent purchases ...
guess you won't be sore when grey and bergvall leave for real madrid...
When you clear out older players on higher wages and replace them with younger players on lower wages the overall wages will go down.
As those players improve they will get increases and if they reach their potential they will be on a lot more than the players that they replaced so the budget will increase over time. If it doesn't we will lose those players.
If Gray and Bergval leave for Real it will be for huge figures. If that happens they will have helped improve us.
 
When you clear out older players on higher wages and replace them with younger players on lower wages the overall wages will go down.
As those players improve they will get increases and if they reach their potential they will be on a lot more than the players that they replaced so the budget will increase over time. If it doesn't we will lose those players.
If Gray and Bergval leave for Real it will be for huge figures. If that happens they will have helped improve us.
Yes. But whatever it is that's meant to be happening....is not happening fast enough.

:)
 
From our last financials we also had debt of £158m that had to be paid within a year.
Where are you seeing that in the accounts? From what I can see, we owe £851m made up of loans for the stadium and the Covid loan. Of that amount, £816m does not fall due for more than 5 years - page 38 of last year's annual report. Only 4m falls due in the next year or so (that obviously doesn't include interest but the interest payments are ~25m per year).

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Where are you seeing that in the accounts? From what I can see, we owe £851m made up of loans for the stadium and the Covid loan. Of that amount, £816m does not fall due for more than 5 years - page 38 of last year's annual report. Only 4m falls due in the next year or so (that obviously doesn't include interest but the interest payments are ~25m per year).

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That doesn't include what we owe on transfers and other liabilities. 158m does seem high though.
 
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