Skybluefaz
Well-Known Member
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Budget (2 Viewers)
- Thread starter AFCCOVENTRY
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Skybluefaz
Well-Known Member
My 2 guesses would have been PSB Group then Dan Harvey. Presume it was that absolute melt Harvey
Frostie
Well-Known Member
Agreed but same with the Championship clubs I was comparing to.
fernandopartridge
Well-Known Member
PS, the club could still show ambition yet still have the lowest wage bill in the league. When will these people get it into their thick skulls that the club's turnover is always going to be limited at the Ricoh or not, and that they all support this wholeheartedly.
Frostie
Well-Known Member
Skybluefaz
Well-Known Member
The guy does not have a brain, Preston literally spent 7 figures on a player from the club he supports
AFCCOVENTRY
Well-Known Member
I’ve now listened to the interview. Here’s the breakdown. Some new signings set to be completed soon as well!
Lost out on a couple of £100k from not completing last home games - gate receipts.
Budgeting is a nightmare for next season. EFL haven’t said anything.
Look to bring back furloughed staff but will take advantage of govt scheme for as long as we can. Skeleton staff operating for now. At least for another month.
Retained list announced in next 24 hours. Not many players leaving. A couple.
Robins won’t be forced to sell anyone.
Recruitment dept working overtime. Being working over last 6 months for Champ signings.
A couple of new signings are very close to signing.
Central funding goes up x5 for us from EFL. Player wages go up massively in Champ. We will be one of the minnows in terms of budget. Team with lower budgets go straight back down and we need to find a way to buck the trend.
Average wage in Champ is £20k a week v £3k a week in L1.
Wages will come down this year in Champ because of the crisis.
Lost out on a couple of £100k from not completing last home games - gate receipts.
Budgeting is a nightmare for next season. EFL haven’t said anything.
Look to bring back furloughed staff but will take advantage of govt scheme for as long as we can. Skeleton staff operating for now. At least for another month.
Retained list announced in next 24 hours. Not many players leaving. A couple.
Robins won’t be forced to sell anyone.
Recruitment dept working overtime. Being working over last 6 months for Champ signings.
A couple of new signings are very close to signing.
Central funding goes up x5 for us from EFL. Player wages go up massively in Champ. We will be one of the minnows in terms of budget. Team with lower budgets go straight back down and we need to find a way to buck the trend.
Average wage in Champ is £20k a week v £3k a week in L1.
Wages will come down this year in Champ because of the crisis.
Nick
Administrator
Second one.
WE WILL HAVE THE LOWEST BUDGET IN THE LEAGUE. SISU OUT.
I still remember when he started arguing about a match and players, I asked him a question and he said "I wasn't there".
Ring Of Steel
Well-Known Member
Sounds eminently reasonable and all makes sense- not sure why people are getting all wound up about that assessment.
Legia Sky Blue
Well-Known Member
I would have thought we will continue with the same recruitment policy in relation to permanent and loan signings, preferring younger (hungrier) promising players over more expensive experienced ones. In our 3 years since relegation MR has only brought in 2 over 30's in Doyle and McFadzean, who were both ultra professional and leaders on the pitch. If we do sign an experienced player I would expect him to be of a similar ilk, rather than the poor has been signings we made last time we were in the Championship, in Tim Sherwood and others.
AFCCOVENTRY
Well-Known Member
We already have some champ quality players in our team. So some shrewd transfer dealings will see us in good stead.
skyblue1991
Well-Known Member
I would much rather work within our means, finish 21st and then improve season upon season rather than spend money we don't have to only spend a couple of seasons and get relegated either due to administration or just a bad season and having to deal with the consequences in League 1.
In Robins and Boddy we trust!
In Robins and Boddy we trust!
skyblueelephant76
Well-Known Member
Coventry City budgeting for big income cut despite promotion
Budgeting for half a season behind closed doors. Budgets will be lower across the board and a lot of clubs will have FFP issues without ticket income.
Budgeting for half a season behind closed doors. Budgets will be lower across the board and a lot of clubs will have FFP issues without ticket income.
Ring Of Steel
Well-Known Member
Boddy says that we are budgeting to play half the season with no fans, no crowds allowed until January...
AFCCOVENTRY
Well-Known Member
That’s worse case scenario depending on lockdown measures. However, I can’t see any sporting events like football having crowds allowed back from Sep.
skyblue1991
Well-Known Member
That is sensible and probably realistic.
I would suspect at least 50% of championship clubs are in serious financial trouble
Brylowes
Well-Known Member
That makes absolute sense ‘even if it doesn’t transpire that way.
skybluetony176
Well-Known Member
Anything less than playoffs it’s taxi for Robins. True story.
skybluetony176
Well-Known Member
Being serious though I’d take that all day long.
Grendel
Well-Known Member
Sky_Blue_Dreamer
Well-Known Member
I agree. It's served a number of teams well over the years. Then when they get to Prem they seem to feel the need to buy ready players, that pathway to the first team closes and they stagnate.
Of course the academy/reserves will be looking to bring in the best talent they can and arguably the higher up you go the more scouting you can do and the more attractive you are to good youngsters. A lot of our current crop are now going to have to be looking to be much better than they were a few years ago to break through though as they've got to prove good enough for Championship rather than League 2. But it sets a goal for them and hopefully it'll push them on to be that bit better.
Would obv prefer them to be local kids more likely to care about giving their all for a club they feel an affinity to rather than further afield using as a strategic stepping stone already looking to move on in their career, but if they're good enough and put the effort it in doesn't matter.
Skybluefaz
Well-Known Member
Not aware of a Darryl Murphy
AFCCOVENTRY
Well-Known Member
Impossible to know because it will depend on where we are selling season tickets! St Andrews or Ricoh...
There will also be revised sponsorship deals.
chiefdave
Well-Known Member
The most recent published accounts, for our first season back in L1 say the wages are "£4,676,724 – an increase largely as a result of increased employee costs as a result of promotion to League 1", but that's all employees not just players. I suspect, despite the revenue drop from being in Birmingham, this season was around the same. So if you add the extra TV and solidarity payments you're in the region of £12m which puts us right down at the wrong end of the table.
Of course there's lots of unknowns, more than ever this season. Will we be back at the Ricoh and if we are what will the deal be? What impact will covid-19 have? Will crowds even be allowed?
And the final issue of clubs spending what they can't afford. For 2018/19 there was 14 clubs who spent more in wages than their total turnover!
chiefdave
Well-Known Member
Looking at the info on that website (swissramble) in the 18/19 season of the 9 teams that spent less than 100% of turnover on wages 5 of them had been relegated from the Prem in the previous two seasons and would have been receiving parachute payments. Millwall had the second lowest budget (£17m) and even that mean 92% of their turnover was going on wages with average crowds of 13,500.
Reality is staying up will be an achievement. Until we get a rich owner prepared to pump millions in every year and write it off or football sorts out its finances it will always be the same.
Maybe the current crisis will finally give the authorities and clubs the kick they need to do something meaningful.
mark82
Moderator
The most important thing, whatever the level, is spending within our means. If we go down, so be it.
shmmeee
Well-Known Member
Id normally agree, I’ve just got this nagging worry about the difference in sustainability now and when the stadium situation is sorted. We should get 15k+ easily in Cov, we don’t know if it’d be another ten years before we got back up if we did go down, is it worth overspending slightly for a couple of years to keep us there until the ground is there to sustain us at that level? I don’t know.
Same as when we came up from L2, I just felt you get a season or two to capitalise on the momentum and kick on to another level.
bawtryneal
Well-Known Member
Whilst it is crap for the supporters the longer the season remains behind closed doors the more "levelling out" of finances in our favour.
Everybody is in the same situation regarding budgets ( apart from the relegated PL teams).
Our fixed costs will be very low compared to the majority of other teams.
Everybody is in the same situation regarding budgets ( apart from the relegated PL teams).
Our fixed costs will be very low compared to the majority of other teams.
Paxman II
Well-Known Member
I think at this critical juncture and so not to undo the great progrees the club has made, SISU must surely consider chucking in a few extra funds now? They must make sure we are not left behind, and ensure MR's is not hamstrung in keeping the momentum going.
There must surely be a Ricoh deal in the pipeline now, and that would make a huge difference of course with 15-20k crowds adding to the bottom line. I think crowds will be back much quicker than people think. Certainly before Xmas. SISU will invest enough extra to land a midtable 'ish position, get a deal at the Ricoh and sell us.
On that basis with some 7.5m coming in, and I believe a bit of budget left over from last season, some SISU injection may put us in the 15m+ area, while not withstanding the fact we do have a very good side, not to be dismissed just because it's the Championship.
There must surely be a Ricoh deal in the pipeline now, and that would make a huge difference of course with 15-20k crowds adding to the bottom line. I think crowds will be back much quicker than people think. Certainly before Xmas. SISU will invest enough extra to land a midtable 'ish position, get a deal at the Ricoh and sell us.
On that basis with some 7.5m coming in, and I believe a bit of budget left over from last season, some SISU injection may put us in the 15m+ area, while not withstanding the fact we do have a very good side, not to be dismissed just because it's the Championship.
chiefdave
Well-Known Member
How much do you expect them to chuck in? To be around mid table in terms of budget would probably need SISU to chuck in somewhere in the region of £20m or more a season.
shmmeee
Well-Known Member
Nah, £5-10m probably. How much can you sell an established a Championship side with a stable ground for?
Edit: just read you said mid table for budget not mid table. Question stands though, what could Joy make if we were in Cov and a mid table side?