On the transfer war chest front, dont forget when Radz bought the club he also sacked the caterers and brought it bcak in house. He said on a like for like basis we would be £7m profit better off. Like for like will be wrong as crowds are massive compared to last season so sales will be much more. We could be almost £10m better off just with catering and another £2m from rent free stadium. I think he will spend now but major spend in the Summer to ensure his promotion plan is on target
No he announced it as part of his plan a couple of weeks before he bought back ER. He then reiterated it as part of the overall savings with ER. Limp the Wood money Taylor money andthe DM we sold to Forest minus Cibicki, & Grot you have a big chunk of cash
Just had Eureka moment! Ayling on crutches doing a Kisnorbo on the last home game of the season when we seal promotion
I think he was talking revenue, not profit, when talking of the caterers. £7m profit from approx 700k punters last season means making £10 profit per person per match. Other thing to mention is the transfer fees we received for Wood, Taylor, Bridcuntt etc. Is it not standard practice to receive these funds over a 3 year period? And that's after 20% VAT & humongous agent fees have been taken off too, surely? Doesn't quite amount to the sums that some assume, does it?
Think Most transfer fees are staged payments WJ... but does get countered by the fact the one’s You buy usually are too!
Appreciate that, Milky, but my point really surrounds the fact that the spending expectations of a lot of Leeds supporters seem to be based on the top 'newspaper' numbers for the sum of our recent sales. The rough sum usually presented is: Wood (£17m) + Taylor (£7m) + Bridcuntt (£1m) = £25m kitty The reality is more like: Wood (£17m less Agents fees(£2.5m) less VAT (£3.5m) = £11m, divided by 3 years) = £3.6m net Plus Taylor (£7m less Agents fees(£1m) less VAT (£1.4m) = £4.6m, divided by 3 years) = £1.5m net Plus Bridcuntt (£1m less Agents fees(£0.15m) less VAT (£0.2m) = £0.66m, divided by 3 years) = £0.22m net Total for all 3 = £3.6m + £1.5m + £0.22m = £5.32m annual kitty OK, it's total guesswork on the my numbers. As it would be with anyone's numbers who wasn't ITK, but a £5m kitty is far more realistic that the £25m kitty being widely (and wildly) assumed. Wouldn't you agree? EDIT: fixed some of the shocking arithmetic. Can't believe no-one mentioned it.
