BBassic
I changed this.
- Jul 28, 2011
- 12,884
https://www.theguardian.com/footbal...guide-2017-18-accounts-manchester-united-city
19th highest wage bill for us apparently.
19th highest wage bill for us apparently.
No one in the public domain has a handle on the benign nature of Bloom’s investment and always cites it as worrying.
Oh for the days when journalists actually bothered to do detailed analysis.
No one in the public domain has a handle on the benign nature of Bloom’s investment and always cites it as worrying.
Oh for the days when journalists actually bothered to do detailed analysis.
No one in the public domain has a handle on the benign nature of Bloom’s investment and always cites it as worrying.
Oh for the days when journalists actually bothered to do detailed analysis.
What is interesting, to me anyway, is the level of wages to turnover. At 56% of turnover, we are (I think) the sixth lowest (and most of the others are the likes of the two Manchester clubs with their huge income). That smacks of real stability to me.
And guess who is highest, at an eyewatering 78%...
That's a bit harsh. The piece makes no mention of Bloom's investment being "worrying" and David Conn is the one football journalist who really does shine a light into the darker corners of football finances.
I think you're reading too much into it.
What is interesting, to me anyway, is the level of wages to turnover. At 56% of turnover, we are (I think) the sixth lowest (and most of the others are the likes of the two Manchester clubs with their huge income). That smacks of real stability to me.
But a cursory glance at Interest Payments vs Debt suggests we have have a very good deal going on over Tony's £223m
I was perhaps being flippant about this particular report where it actually refers to the ‘sobering’ nature of reliance on TB, noting a further increase of £32m in net debt. More generally across the media there are lazy comparisons.
100% agree that keeping wage to turnover ratio below 60% is prudent in business terms but is unlikely to get pulses racing around summer business as it’s unlikely that we’re going to push the boat out - yes we’ll sign people of that I’m sure but they won’t be established Premier League quality names on fat salaries.
True but rarely do the wider media/pundits bother themselves on such situations.
The interest relates to an OD the club ran up prior to receipt of any PL income once promoted.
No one in the public domain has a handle on the benign nature of Bloom’s investment and always cites it as worrying.
Oh for the days when journalists actually bothered to do detailed analysis.
Some DULLARDS do report on the nature of TB’s investment though.
I am not worried that we are anything but a very well-run (WRT finances) club... are you?
I believe you may be pleasantly surprised by our incomings in the summer, now that Tony has somebody in charge of the 1st team who doesn't believe a 9-0---------1 formation is the answer in every game...
Was it Pal@rse by any chance? If so, I would be shocked!
I am not worried that we are anything but a very well-run (WRT finances) club... are you?
I believe you may be pleasantly surprised by our incomings in the summer, now that Tony has somebody in charge of the 1st team who doesn't believe a 9-0---------1 formation is the answer in every game...
TBs key goal is to make us sustainable, I don’t believe ramping up the income to wage ratio is a sensible way to achieve that and don’t believe TBs model says so either.
He will probably see value signings with potential as the way forward. That’s all I meant.