Exactly but looking at what we have brought in this summer so far:
Reda Johnson - League One Promotion Medal
Ryan Allsopp - League One Promotion Medal
Danny Swanson - Championship Proven player
Jim O'Brien - Championship Proven player
If Pressley can add a few more players who have experience getting out this league I would be happy with that, for instance Tom Eaves, who allegedly will sign today, that will cost money as he is under 24.
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Exactly but looking at what we have brought in this summer so far:
Reda Johnson - League One Promotion Medal
Ryan Allsopp - League One Promotion Medal
Danny Swanson - Championship Proven player
Jim O'Brien - Championship Proven player
If Pressley can add a few more players who have experience getting out this league I would be happy with that, for instance Tom Eaves, who allegedly will sign today, that will cost money as he is under 24.
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...without doubt the most naïve and gullible statement I've seen on here for a long time.
I agree Robo,
Pushing aside my willingness to criticise SISU at every opportunity I think the signings so far look good. Although we have lost quality in Marshall, Moussa and Wilson.
If we find a couple of strikers we might be back or slightly ahead of where we were. Without a 10 point deduction we might be mid be mid table to play offs.
Well, if a new season depended on optimism then I don't think I would have enjoyed the last 41 I've witnessed.
Personally for me, a new season and new players is always enough for my continued optimism and enthusiasm; regardless of our situation. Others (such as yourself) don't share that. Fair enough.
SBJ wakes up, opens his eyes. "What a lovely nights sleep that was. Now, what can I criticise the club about today? There must be something..."
...without doubt the most naïve and gullible statement I've seen on here for a long time.
No it's called common sense.
An opinion different from the Collective doesn't compute, it seems.
Can I suggest an idea, let's all write a letter to SP at Ryton and ask him to use £400,000 of the fee received to take the Club home, that way come the January window, he will be able to invest that money at about x4 the original rate.
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That's because some use emotion, rather than logic.
The Bolton News are reporting that we might be signing Eaves, who hasn't gon on tour with them to Scandinavia. It's mentioned at the bottom of an article they have released today. Lets hope they didn't get their info from the Twitter account 'CoventryITK'!
I saw this earlier, one thing I missed though was:
"The striker has another year to run at the Reebok Stadium."
So unless Bolton want to get rid of him on the cheap we will be paying some sort of fee.
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So should the lad sign we will have to pay a fee unless Bolton are willing to let him go on a free transfer, something I doubt.
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I said this before we sold Wilson. I'd happily visit The Ricoh even if we just used our academy all season, so long as they brought our club home.
But I'm dreaming aren't I ...
Why on earth do you support Cov then? Not a logical thing to do surely.That's because some use emotion, rather than logic.
Why on earth do you support Cov then? Not a logical thing to do surely.
Why on earth do you support Cov then? Not a logical thing to do surely.
Aren't the Brakes your local team?That's true. Supporting City does fly in the face of logic.
I knew I should have supported Real Madrid. My other local team.
Aren't the Brakes your local team?
All I wanted for Christmas was a Dukla Prague away kit! Ended up with a Cov one!
What a great band they were. They were at the Assembly in Leam a while back.
And do "freebies and loan signings" play for nothing then?
Clearly people have a simple method of judging any press release from the club.
Every single thing they release is bullshit... unless of course the word 'liquidation' is used and then it becomes gospel truth.
Clearly people have a simple method of judging any press release from the club.
Every single thing they release is bullshit... unless of course the word 'liquidation' is used and then it becomes gospel truth.
Clearly people have a simple method of judging any press release from the club.
Every single thing they release is bullshit... unless of course the word 'liquidation' is used and then it becomes gospel truth.
So it looks like 20 "senior" pros plus those stepping up from the academy. (Last week before the signings there were 10 listed on the official plus the latest 5 plus 5 to come)
Average wages for League 1 per the PFA is between £1700 and £2500 pw. Say ours works out at £2000 on average pw. That gives Gross wages for the "20" at approx. £2,080,000 plus national insurance employers contribution at 13.8% = £2,367,040. Plus agents fees. Nearly all the players will have to be included in the 60% SMCP calculation (Willis & Haynes not) so the required SMCP Turnover is 2367040 x 100/60 = 3.945m
I would suggest given the lack of other incomes that the sale of Wilson is absolutely key to having a team on the pitch at all. So rough estimates
Player sales and compensation receivable £3.6m? (Wilson & Christie)
Match day sales 330k
Sponsorship and advertising £200k
Shop sales less cost of sales £150K
Prize monies £250K
other incomes £250k
Income estimate £4.78m
less
player costs £2.4m (see above)
Coaches & Manager £350k (inc Nat Ins)
Academy costs £250k (assume some coaches time and other overheads get it to £500k required spend)
Directors £350k (inc Nat Ins)
Other staff £200k (inc Nat Ins)
Interest charge £1.5m
overheads at Ryton & Sixfields & shop say £800k
Total costs £5.850m
Loss £1.07m (not a million miles away from break even)
There may be further cost savings to come so you could see in the accounts to 31/05/15 breakeven.
If you assume that "the overall football budget" is the operation of the football club by Otium then all the above costs are relevant including the interest charge. That means that whilst the Wilson fee is spent on the football side it is not all spent on players fees and wages. The football side as a whole has to stand on its own two feet I have no problem with that. I do not think there is an intention by SISU to provide further funds this coming season to fund losses and with Wilson going they wont have to because they can just roll up the interest charge in to the debt and not actually pay it all out (ie include the charge not the payment). I think we are far better to view things in this context and to temper expectation accordingly.
Keep the cost base similar and even paying additional match day costs it is easy to see how that could be improved by say a short term lease at the Ricoh with even limited other match day incomes (eg car parking, pitch side advertising, corporate promotions etc) - whilst things agreed long term or stadium built. :thinking about:
All just estimates of course others may see it differently
They wont re-invest the money, don't kid yourself.
...without doubt the most naïve and gullible statement I've seen on here for a long time.
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