Current wage savings (10 Viewers)

[oldskyblue58]

As it stands just how much do we think the club have saved on the wages compared to last year. Here is my stab at it (I have assumed no more signings to come)

Carsley say £8k pw £416000
King £10K pw £520000
Westwood £6kpw £ 312000
Gunnarson £5K pw £260000
Doyle £5K pw £260000
Ohalorran £2k pw £104000
McIndoe £5Kpw £260000
Ward Loan £25000
Quirke £1K pw £52000
Ranson £300000
Commercial manager £50000

Employers NI £326000 (at 12.8%)
Total £2873000
new spent
Murphy £6K (£312000)
Dunn £2K (£104000)

Net saved £2.4m

plus interest saved now RR debt pd off 300000

Total £2.7m

I reckon at the moment they have knocked £225K off the losses each month. This will reduce the cash flow requirement each month

Of the £7.3m (£610K pm)loss before player sales in the last accounts there was £2.1m in player contract amortisation (£175K pm). This does not require cash funds.

Cash flow requirement is not the same as losses but roughly speaking SISU do not need to fund the amortisation charge and have saved on the wage bill so losses £610K less wages saved £225K less amortisation (no cash involved) £175 gives an approximate cash flow reqirement of £210K pm. Or put another way around an additional 5000 paying customers on the average gate.

The financial pressures are still there of course but I wonder as it stands right now is it as bad as is being made out and is the above scenario why SISU are not jumping at the chance to go (aside from the fact they dont think the offer is good enough)

 

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[CovKingChris]

-.- Might want to edit that post. :claping hands:

& Doyle was our highest paid player.

 

[oldskyblue58]

-.- Might want to edit that post. :claping hands:

& Doyle was our highest paid player.

thats what happens and i try to be clever with computer progs . Salaries are pure guesswork and Doyle went to Sheff Utd half way through. But the principle remains.......... right now SISU have saved on wages and cut their cash requirement

 

[pusbccfc]

westy prob was only on less than 5k cause he came from below same with gunna

 

[SkyBlue_Bear83]

Doyle 8k p/w
King 7k p/w
Carsley 6k p/w
Westwood 3k p/w
Gunnarson 1.5k p/w
O'halloran 1.5k p/w
Osbourne 2k p/w
Quirke £500 p/w
Mcindoe 5k p/w

Savings per month 138k
Savings per year 1.6 million
These don't include other savings you have mentioned in the OP Ranson etc.

Also have to take into account players given new contracts as well, players like Cameron, Clarke, Ireland, Murphy, Dunn
Cameron and Clarke probably been given wage increase, probably on about 1-1.5k compared to £500-1k last year.. Murphy be similar to Westwood. Dunn probably 1-1.5k.

These wages are all estimates.

 

[Nonleagueherewecome]

I know Clarke and Cameron "kicked on" last season, but they didn't deserve two wage rises!

 

[SkyBlue_Bear83]

I know Clarke and Cameron "kicked on" last season, but they didn't deserve two wage rises!

Am I missing something or was it just a comment about how I had structured my sentence?

 

[oldskyblue58]

we can argue about the wages truth is we will never know and btw i clean forgot about Osbourne ....... point i was getting across is that we might be losing less per month this coming season and that the actual cash flow requirement is nothing like the monthly losses..... and maybe that will make it harder to dislodge SISU

 

[SkyBlue_Bear83]

we can argue about the wages truth is we will never know and btw i clean forgot about Osbourne ....... point i was getting across is that we might be losing less per month this coming season and that the actual cash flow requirement is nothing like the monthly losses..... and maybe that will make it harder to dislodge SISU

Point taken
But as it stands are squad is not good enough, no good cutting the monthly losses only to get relegated thus making attendances even less and less income into the club

 

[oldskyblue58]

Sure i saw it reported that Westwood went to Sunderland on roughly 5 times his CCFC salary - apparently on £25k there but who knows

 

[oldskyblue58]

Point taken
But as it stands are squad is not good enough, no good cutting the monthly losses only to get relegated thus making attendances even less and less income into the club

Agreed but SISU are protecting their cash flow and hoping AT can do an exceptional job........ next question is what happens if it works and SISU dont go?

 

[SkyBlue_Bear83]

Agreed but SISU are protecting their cash flow and hoping AT can do an exceptional job........ next question is what happens if it works and SISU dont go?

AT may decide to go else where if he isn't being backed by the owners, we appoint some bum as manager and get relegated and SISU took the long road to failure.

 

[covcity4life]

great article and a great point too

even if sisu dont sell maybe at least cov wont be operating at such a great loss this year

 

[rob9872]

Hopefully you can add Eastwood's £12k p/w in that too.

I think in the last set of accounts Kyle was still on the books and in addition we were still paying Coleman off. AB's contract was less than AT too and we haven't (as far as I'm aware) replaced our chief scout.

The flip side of course is falling gates.

 

[Nick]

Will we be paying AB off or was his a bulk payment?

 

[ccfc1987]

are we still paying dowie off ?

 

[rob9872]

To be fair to AB he was on a snip compared to past managers and no lebgthy contract either from what I understand.

His football was dire, but always came accross as an honest, genuine and likeable man.

 

[ccfc1987]

say the clubs paying £130k amonth on wages we still be losing around £370k amonth im still trying to work out how the feck can we be losing that unless the club is paying back some bloody loan sisu have signed using ccfc or when to wonga apr 4k

 

[Sutty]

We'll be paying more like 500K per month on wages I imagine.

 

[grego_gee]

The accounts show £392k for interest in the year, but they also show £2million for "amortisation of intangible fixed assets" I wonga what that was for?

 

[oldskyblue58]

The accounts show £392k for interest in the year, but they also show £2million for "amortisation of intangible fixed assets" I wonga what that was for?

its the depreciation of the player transfer fees..... the cost is allocated over the number of years of each contract...... nothing sinister

 

[smileycov]

its the depreciation of the player transfer fees..... the cost is allocated over the number of years of each contract...... nothing sinister

:claping hands::claping hands::claping hands::claping hands::claping hands:

 

[Paxman II]

Good post older...i also think that there are savings of the type you have indicated and that is generally the position of the club at the present time. Some allowance there for bringing in a loan or two and paying partial wages but we are better off than we were so the hype of 5000k a month is probably a little dated. SISU will not budge under current conditions in the medium term as we have said elsewhere on these boards.

 

[oldskyblue58]

We'll be paying more like 500K per month on wages I imagine.

In the 2010 accounts the total wages bill was £10.3m thats nearly £860,000 per month. Even with the savings i put in my original calculation that only reduces the wage bill to £635000 per month or £146500 per week (in round figs)

Uk average wage is around £26k per annum in 2010 CCFC had 94 employees that would equal £2.76m in total including National Insurance employers contribution if they were paid the avearage wage. Big difference between us and them isnt there - but I am not telling anyone anything we didnt know - but it makes the average salary of all employees at CCFC £110K (from star player to manager to youth to cleaner)..... with top earner around £500k pa i would guess

A lot to pay out for a consistently under achieving less than average Championship side (regular 18th place implies less than average)

 

[TommyAtkins]

"A lot to pay out for a consistently under achieving less than average Championship side (regular 18th place implies less than average) "

Very true.

Some interesting figures there. Goes to show just how unsustainable the club is as a business, unless someone is prepared to cover the shortfall