Hm. Do you think employers are queuing up to offer Ralph K £600,000 + ? Is there that much money in ice hockey, for example?
For comparison the company I work for has around 140m turnover (So very similar to the club's) and our CEO is on about 200k.
Was a genuine question as I have no knowledge of wages at that level, but wages in the EPL are high. I would expect a Chairman to be on good money when you consider what some of their employees (players) are on.
Interesting that wages actually fell. Guessing the lack of performance bonuses, heh. Awaiting the detailed published accounts. Paper profit is less important than cash on hand, and it's more meaningful from the standpoint of long-term plans, too. Good that none of the debt is secured against the club; there's still the matter of Gao himself being able to pay it off, however. Overall, the lesson is that being cheap can be quite expensive. We didn't invest (and invested awfully when we did), and the net result is that our revenues plummeted, and will plummet again this season. Unfortunately, I suspect that will be used as a reason not to invest in the summer, either, with likely predictable results. Head coaches, sure. Assistants make a fraction of that, and Ralph's probably not getting sought out for head coaching opportunities. He'd be taking something like a 80-90% paycut.
Wages are a reflection of the value an employee adds - nothing to do with what is available elsewhere. I really dont think Ralph adds value to the sum of £600k a year
When he's dealing with figures much higher than that? I would say getting a good person in the post can change the value of the club by way more than 600k. Just a 1% change of turnover is almost triple that. I personally think the chairman has a fairly big influence. For me its very much about competition for the best person for the job.
Oh absolutely. My point isnt that the chairman role doesnt deserve that much; it was that Ralph hasnt added that value and he, as an individual, doesnt deserve those wages.
Didn't Kat say that Gao would take us to the next level??? With no cash injection from the owner.....obviously not then.
Yeah, it's been obvious for a while that Gao has no intention/or ability to put any money into the club, so I'm quite surprised Kat openly lied about that. Just don't say it if it's not true.
how much did we sell Tadic for? That looks fu**ing stupid today! https://www.skysports.com/football/news/11913/11656622/dusan-tadics-journey-from-southampton-to-ajax
Easily more in the private sector of a company doing that kind of turnover. I was FD of a large affiliate of a US company and our CEO was definitely on more than that a number of years ago!
I don't think she ever said Goa would invest? I was under the impression from before the takeover was completed that Kat was in need of the money and just wanted to sell to somebody would carry on running it like she had, meaning not take anything out of the club.
Err, how do you think that the (25+) contracted players and 450+ club staff are paid then? Wages to turnover running at c74%!! Seem to recall that Markus Liebherr (shortly after saving Saints from liquidation!) stated that he intended to run the club on a "self-financing" basis and develop "home grown" talent rather than 'splashing the cash'
