At least the lights will stay on now and wages etc will be paid for the season. Sensible move, but an expensive mistake for acun and hopefully a very valuable lesson learned....onwards and upwards
According to Capology, we have a wage budget of £13m. Top of that list is John Lundstram, who is on £45,000 a week (verified as well). Hopefully we’re not paying all of that. Hadziahmetovic is also on £35,000 a week (verified) - can see why Besiktas were keen to offload him at that price. Again, hopefully we are not paying all of that. Giles listed as £35k (unverified), not sure if that’s correct but **** a brick if it is, that’s a lot for a left back. Compare that to Gelhardt’s £15k a week (verified) and it’s easy to see where we get more value for money. EDIT: On the wage budget, I've just checked again and they haven't listed figures for Ndala, Destan, Williams, Akintola, Phillips, Ajayi, McBurnie or Gyabi, so our wage budget isn't £13m, it's probably substantially higher than that.
Wouldn't that be a charge to the company not a share issue. Unless we know who its issued to, we have no idea the reason for it
Someone above had suggested we had an odd number before and it was now even, I'm not sure how to check, perhaps the last set of accounts.
PSR tests on losses not debt. We will almost certainly make a loss this year. The 14.5m is just a cash injection to fund the running of the club (I would think). Cash =/= income.
The verified ones are spot on, the unverified ones are based on the best efforts of their research team (the same way Football Manager researches for their game and decides on contract values/clauses).
So the four mentioned take up £7m of the £13m. Which means the other 23 players are on £6m, so average of £5k per week. That seems very imbalanced?
I’ve seen Trabzonspor fans on X say Lundstram is on €2 million-a-year there. £45K-a-week would be closer to €2.5 million-a-year. I’m also curious how Capology verifies individual salaries.
I think the ones at Turkish clubs are on public record. Oozkan has said so before and linked it I'm sure. Don't see how Gelhardt's wage could be verified though.
Fair enough, I was actually just testing it to see what those on hear who are ITK about financial stuff thought. You’ve answered!
There’s a few articles that suggest converting debt to equity (Everton, Forest and Leicester have done this) is a way of getting around PSR but I don’t think it’s true.
Owners equity increases your spending limit but we've been doing that each year so I'm not sure this is the same thing. We're also not converting debt to equity here (our debt hasn't decreased I don't believe), I honestly just think it's us chucking cash into the club to keep it running without increasing the debt. Whether that means Acun is taking the hit against one of his other companies I'm not sure.
