Into running the club and also the purchases of Jones/Turnbull and the contracts for McCann, Reid, Sordell, Thomas etc.
Idiot.
Get real fry ccfc . Them contracts are paid for by the players we have released ...
2.75m madders and add ons
3m Wilson
500k Clarke
50k vincelot
Done well to spend all that the clubs a joke. No reinvestment what so ever !!! Jones and Turnbull both be well under 500k!!
Wh
What about 15 players out, on decent wages, and only signing 6 players?
The club has already let the cat out of the bag on this. They got their budget wrong at the start of the season, remember the mentions of needing an average gate of 14k? There was a shortfall against that. There were suggestions that SISU have had to cover additional costs last season. We have no idea how much of the Maddison money has been received to date either.
Surely transfers covered the short fall though? Plus the reduction in wages, we should have wages freed up?
We have no idea how much of the Maddison money has been received to date either.
I completely understand the club has overheads etc, but we've been told before that if gates were over 11k last season we would break even. Therefore the Maddison money would've been profit, add that to loosing several players and the sale of vincelot, after players coming we should have some money left over.
The club has already let the cat out of the bag on this. They got their budget wrong at the start of the season, remember the mentions of needing an average gate of 14k? There was a shortfall against that. There were suggestions that SISU have had to cover additional costs last season. We have no idea how much of the Maddison money has been received to date either.
50k doesn't even pay a year contract for a player at 1K a week. What kind of player do you get at that price?
Something that probably doesn't get mentioned is the fact that pay costs aren't just player wage... It's pension contribution, NI contribution both have which have increased a lot recently. Add to that player insurance - and you are probably looking at a lot more. Multiply that over 20+ players some of which will be on 2/3K a week and that's where a big chunk of any money goes to.
It's not the same exactly - but at the school I work in the NI increase means that the school can not replace a teacher as the increase is the cost of at least one qualified teacher.
People fail to understand where the club is. It's owned by a sisu company but is effectively a stand alone company which has to be self sufficient.
So all fees and costs have to be balanced against income. If Juggy really said the club have no overheads or extra costs then he really is clueless. Coach travel, food and accommodation for away games, pitch maintenance at the Acadamy, I assume contribution to match costs all need paying. In addition the cash flow has to balanced, no income in the summer but payments must be made.
The Maddison money was used to fund a loan the club had to take out due to incorrect budgeting.
It becomes a vicious circle. Less crowds equals lower budgets. A vicious circle but hardly rocket science.
That budget shortfall was/Is an embarrassment the amount of time Waggott, Mowbray/Venus took to work everything out, then there was the meeting with the financial expert Seppala to check it all out........totally incompetent.
In a normal business Seppala would have been sacked by now; investment/club going backwards, history of poor appointments, lost investment opportunities, lost court cases, no viable plan, no leadership from the top.
People fail to understand where the club is. It's owned by a sisu company but is effectively a stand alone company which has to be self sufficient.
So all fees and costs have to be balanced against income. If Juggy really said the club have no overheads or extra costs then he really is clueless. Coach travel, food and accommodation for away games, pitch maintenance at the Acadamy, I assume contribution to match costs all need paying. In addition the cash flow has to balanced, no income in the summer but payments must be made.
The Maddison money was used to fund a loan the club had to take out due to incorrect budgeting.
It becomes a vicious circle. Less crowds equals lower budgets. A vicious circle but hardly rocket science.
The loss of several players doesn't make us money. TM and MV will almost certainly be keeping any excess wage budget to use for payers later in the season. Probably as an insurance for January when we lose loans and need more. The wage budget makes little difference.
They made a mistake saying that last season, they got the budget wrong and it cost them money, especially when the gates slipped. Especially given the gates so far this season they will be struggling to pay their monthly bills I expect.
Sale of Vince was probably less than what we paid for JJ, but thats speculation.
But yes, money left over doesn't mean its instantaneously expendable. If I happened to win £2k on an accumulator this weekend, I wouldn't just decide that I can spend all £2000 willy nilly, some of it would get set aside as a saving in case I need it for future unexpected expenses, some of it would pay off any accumulated debt. There would be some I would choose to use for myself (i.e. buying JJ). And so on and so forth. If there was any left over, its probably saved ready for when we dont achieve the required gates all season, or for the off season where there is no ticket sale income.
Unfortunately, thats only realistic at this level when a club needs to survive first and foremost. If we started splurging on players and spending a few million, if we didnt get instant success thats suddenly a whole lot of debt not getting paid off, becoming more debt, also not getting paid off and we get into a real problem. It's a business and they are probably only doing what they have to in order to keep the business alive.
I completely follow those statements.
Would you agree though, that the budget Mowbray has been given is probably acceptable to give League One a good go? Therefore, where we are at the moment in terms of squad probably rests on his shoulders more than SISU's?
It was very acceptable last season as well, it is as if some people don't understand League 1 and that all managers have money restrictions. That is what makes a good manager isn't it?
I think Mowbray has been holding out on the hope that he will get better value for his money waiting till last minute.
Whether this happens or not remains to be seen...
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