Football Finances

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Tramore Ranger

Tramore Ranger

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Aug 12, 2011
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Interesting piece by the new Chief Executive of West Brom who returned to the club last month after the owners sacked the Chairman and Chief Executive.

They have wages, transfer fees and loan deals at record levels yet are still destined for relegation and the club/business will have to use an overdraft facility for the first time in 10 years.

Sounds like the owners think they are in a sweet shop to a greater extent than we ever did considering the ridiculous sums of money on offer in Premier League. They are going to have a few years of struggle.


http://www.bbc.com/sport/football/43543439
 
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Tramore Ranger said:
Interesting piece by the new Chief Executive of West Brom who returned to the club last month after the owners sacked the Chairman and Chief Executive.

They have wages, transfer fees and loan deals at record levels yet are still destined for relegation and the club/business will have to use an overdraft facility for the first time in 10 years.

Sounds like the owners think they are in a sweet shop to a greater extent than we ever did considering the ridiculous sums of money on offer in Premier League. They are going to have a few years of struggle.


http://www.bbc.com/sport/football/43543439
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The authorities need to make it standard, and the clubs and their playing/coaching staff have to sign up to, that wages are automatically reduced to Championship levels upon relegation, with the proviso that all players are then on the transfer list, with a formula determining the level of offer above which a player can go.
 
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Sooperhoop said:
Our income due a serious dip as the parachute hits the ground...

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What with our low attendances, we are sure to be one of low income clubs. We will need to get things very right and punch above our weight to be competitive. It shows that consolidation in this division was the only realistic target. Fair play to those involved for achieving that. Not getting the credit that is deserved.
 
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Steelmonkey said:
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Our wage/income ratio has dropped though, which is good news
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Yes, but our income is set to take a serious nosedive when the parachute payments end. It would be interesting to know the wage/income ratio if you were to take the parachute payment out.
 
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