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It's truly remarkable how financially irresponsible this financial responsibility has been.

Usual caveat that paper profit/loss doesn't always correspond to cash, and the full books aren't publicly available yet. But this isn't unexpected.
 
Choppy waters ahead. And sadly, the virus will probably make players like Wesley even more difficult to shift. Financial security will be put far ahead of playing time in times like this. Gao is sitting at the big boys table, does he stick or twist?
 
Not surprising. We haven't been making our usual big sales because we've got nobody to cash in on, and loads of players on decent money and long contracts that we can't get rid of.
 
So in that interview Steele confirmed Gao isn't selling, but also said that if we don't sell players, then we can't buy players without new external investment. So not selling and also not investing. Would the logical thing to do not be to get new investment and rid of Gao? Easier said than done! <laugh>
 
ElliotMP said:
Wage bill is 77% of turnover? Yikes.
Click to expand...

Trying to think how it might have gone up/down since then.


Up - Adams, Djenepo


Down - Forster, Carillon and Hoedt all partially - don't we think we sold anyone last summer did we?






No new contract for Pierre please.
 
Libby said:
Trying to think how it might have gone up/down since then.


Up - Adams, Djenepo


Down - Forster, Carillon and Hoedt all partially - don't we think we sold anyone last summer did we?






No new contract for Pierre please.
Click to expand...

We sold Austin,SamG and Clasie of the top of my head......Gabby the window before.
 
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Archers Road said:
Okay, so I don’t claim to understand how football finance works. But any business that manages a loss while receiving the revenue streams all PL clubs get from TV rights is presumably run by idiots. Or have I missed something?
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Pretty much. Most of the teams losing massive amounts of money are either quite content to do so owing to their owners, or badly overreached (but still have owners willing to cut the cheques). We're really the only club that has managed to revive the Sunderland model with revenues 2x higher.
 
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