Another dismal year on the financial front for our club 1.2 million loss and steve hayes made all his money in the loans market says it all really ,the man is a shark bleeding us dry we cant sustain these losses for much longer
The main contributor to the loss is the huge staff costs. This wont change in the new "stingerdome" and we will be without any income from Wasps etc making WWFC even less viable as a stand alone business. Do i care about ticketless systems / having the best stewards awards / best staff awards in the ticket office etc etc......no Feckin get rid of the fat that Hayes has built in to the club. Act like a League 2 club and staff it accordingly. If we are lucky enough to get promotion, then grow as we go up the leagues. The five year plan has just left us with a championship style backroom staff and cost structure whilst we are only enjoying the heady heights of league two
i dont have a breakdown of the costs but all i know when i go to our ground to buy tickets there are so many more staff in the office than there ever used to be ,we are a second division club not a premiership one i just wish steve hayes would realise that and employ staff accordingly
A damning indictment on those responsible. And yet there are those who believe Hayes deserves praise for so called investment in the side, which mostly equates to loan notes and more debt. The time bomb ticks on for now but one day something will have to give.
The average Wage for League 2 is about ã50k (I think) so a first team squad of 15 would be ã750k, Assuming the second team squad get about a third, that would be ã1m for the players' wages. We get ã650k pa from Wasps so we would need another 350k from other sources to pay the team's wages. We make ã1m loss pa annum so I'm guessing that the staff wages are about ã1m. It's all guesswork as I don't have a clue. Someone must have access to the P&L account.
js i wont give hayes the time of day the way he is using our club as a plaything,and what sickens me more is when i see him on the terrace trying to make out he is the saviour of our club and mingling with our hardcore fans who spend their hard earned cash following the blues up and down the country,he might fool some of them but he dont fool me
We should put up Wasps rent as we're paying for all of their staff I would like to see Wasps accounts as Steve Hayes seems to like his creative accounting
Hi Ron I have taken this from someones post on the gasroom who seems to know what's on the balance sheet: The biggest single line item cost in the Financials are the staff costs of ã4,226,976. How will moving to a new stadium reduce these costs? Are you planning to buy cheaper players? And on an income perspective: Money received from London Wasps in 2009 = ã677,200 Money received from London Wasps in 2010 = ã797,117 = increase in money received from London Wasps of 17.7% To conclude, attendance up, sales up, revenue from tenant up, losses.....UP. Now, won't a new stadium mean that Wanderers will no longer benefit from much of the ã797k from London Wasps? And this will benefit WWFC, how, exactly???? Hope this gives you a little more background!
If our player and coaching staff wage bill is ã1.5M to ã2M for players / coaches who on earth do we pay another ã2.5M to
The accounts to June 2010 show staff costs of 3.9 million plus 340K for social security. This is for 60 players and coaches and 43 support staff. There is just over 2.8 million in running costs. Wasps should be paying half the running costs and half the support staff costs, probably around 2 million. Wasp accounts should have been filed by end of March but are late so i can't see yet what they have been doing. Hope this helps the debate!
staff costs of 3.9 million is redicoulus for a second division club what does steve hayes think he is doing
Keep us in touch New Wycombe, and welcome to the forum. Sounds as though you could be a very useful source of information.
