Wages at 131% of revenue and losses of 400k a week aren’t great reading. Can imagine someone is sold in the summer if we don’t go up
KLP sale basically balanced the books though, we ended up with a loss reasonably in line with the previous season. Not sure who was the 'balancing the books' sale this year, don't think Oscar's shifting will have helped enough, nor Ally's.
Revenue of £18m in line with what I was predicting. In the face of that £10k a week for average journeyman squad fillers isn’t really sustainable. Particularly once bonuses and all other costs for the player are taken into account a £10k per week player is probably costing us £750k a year minimum.
Not an issue when those players produce and in turn become assets you can sell but as the case with Sinik, Woods and maybe Oscar you could argue it becomes a heavy burden. Can only imagine it looks similar next year with commercials going up and wages being about the same
I think wages will be a lot more this year, we've brought in a lot more good players and shed a lot of weaker players.
The bigger our losses though the worse so even if the ratio stays the same but the numbers grow, so do our losses.
It's interesting that we can almost double the commercial income but it hardly makes a dent in the overall finances! I wonder how Bristol City have such a high income from commercial revenue?
Not sure how these deals are structured/worked out - but surprised we saw a full 15m from the KLP sale (unless we sold others I forgot - Honeyman 500k?) Further, is there likely to be more cash from the KLP sale in the next year's accounts?
Bristol City also have a rugby union team playing on their pitch during the wet winter months but their pitch is in a better state than ours.
If there's any add-ons, e.g. 10 goals or whatever, then sure we could get some more profit. Cash, there's undoubtedly outstanding instalments but irrelevant to profit.
I have no idea why you quoted my post, Castro, as your statement has nothing to do with what I posted.
This doesn’t include Mcvities which saw an obvious shift in our financial decisions so holding my breath till I see it post biscuit man
As much as it will be a big commercial deal. I doubt it’s hugely moving the needle. All sponsorship deals are vetted to make sure we don’t get another Etihad sponsoring Man City kind of situation
Everything we do is being vetted by the EFL as the ownership is still in a 3 year probationary period. Pretty much means we're compliant and will be for another year as everything has to green lighted before it happens.
