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Edited 1 time(s). Last edit at 2013:11:14:14:53:53 by Longside Moderator.

The Chairmen seem confident it's all under control but those figures still look frightening to me. We were operating at a loss of £160,000 a WEEK last season and at the end of this season the parachute payments stop. How they resolve that I've no idea but the best of luck to them, I hope they've got deep pockets.

BC
Prediction League Champion 2006/7
Fantasy League Winner 2007/8

They told us this weeks ago anyway so it's hardly a surprise

"A truth’s initial commotion is directly proportional to how deeply the lie was believed. It wasn’t the world being round that agitated people, but that the world wasn’t flat. When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic."

"The ideal tyranny is that which is ignorantly self-administered by its victims. The most perfect slaves are, therefore, those which blissfully and unawaredly enslave themselves."

There's some on t'other side saying that the official loss is slightly less than they forecast a few weeks ago and think that's a good sign. It's a drop in the ocean imo, they've to find £8m from somewhere this season to break even and then a further £8m next season to make up for the loss of parachute money. If they cut their staff costs by 50% (which is impossible) they'd save £8m but they'd still have another £8m to find as well. I'd love to know how they think they're going to do it, apart from praying that Sean gets us promoted.

BC
Prediction League Champion 2006/7
Fantasy League Winner 2007/8

Gotta think seriously about a renaming the stadium deal... what else could raise a million+ a year... as lkng as a new name still includes thebvtwo that mjatter... I'd go for it

The Turf Moor Spillers Shapes Dog Biscuit Stadium has a nice ring to it.

Quote:

bordeauxclaret
they've to find £8m from somewhere this season to break even and then a further £8m next season to make up for the loss of parachute money.

i think they've near enough sorted the £8m to break even this season with the likes of mccann, grant, austin and paterson's wages off the bill; marney/wallace's reduced contracts and the money from selling austin to plug the rest of that gap.

next season is obviously far more difficult but assuming we don't go up, we get a 'solidarity' payment instead of tv money, plus we'll sell most likely ings or trippier or both.

Quote:

Danger Fourpence

Quote:

bordeauxclaret
they've to find £8m from somewhere this season to break even and then a further £8m next season to make up for the loss of parachute money.

i think they've near enough sorted the £8m to break even this season with the likes of mccann, grant, austin and paterson's wages off the bill; marney/wallace's reduced contracts and the money from selling austin to plug the rest of that gap.

next season is obviously far more difficult but assuming we don't go up, we get a 'solidarity' payment instead of tv money, plus we'll sell most likely ings or trippier or both.

I can't see how they'll even come close to break even this season DF. In the 3 seasons we've been back down the reductions in staff costs have been painfully slow and reducing each year, £3.6m, £2.4m and last season £1.6m. We might have got McCann, Grant, Austin and Paterson off the wage bill but we've added, Jones, Heaton, Arfield and Kightly. Even if we're persuaded those four to accept £5k a week less than the four we've got rid of were on, and I think it's unlikely they've agreed to such a reduction, that would still only save us £1 million. Again I can't imagine Marney and Wallace have accepted £5k a week less but even if they have that's still only another £500,000. So a £1.5m saving on wages if we're lucky, which would be about the same as last year's saving, but obviously a higher % of a smaller wage bill.

No ideas how much we got for Charlie, I've heard all figures from £2m to £4m. Assuming it's the top end £4m, with his injury problem there's no way we'd get all that up front, so it's highly unlikely we'll have more than £3m for Charlie to put on the balance sheet. So I can't make it more than £4.5m for wage reductions and Charlie, and I reckon I'm being generous with those figures, it could well be less, which still leaves us £3.5m down all other things being equal. So once they've sorted that £3.5m plus shortfall from this season, they can they then worry about next season, when they'll have an £8m shortfall before they even start. Like I said before, good luck to them. they'll need it.

BC
Prediction League Champion 2006/7
Fantasy League Winner 2007/8

Heard from a decent source McCann was on £14k Jones is on £7k.
Also heard Kightly is on £40k at Stoke, we are paying £10k.

Even if we don't get all the Austin cash up-front it would still all be accounted for in next year's accounts.

I agree with BC though, each year they've been saying that wages are being drastically cut but it generally turns out they've only dropped a relatively small amount, I'd be surprised if this year is suddenly a huge leap.

Although we're losing the parachute payments they'll be replaced by the "solidarity" payments which are around £2m.