Seagull on the wing
New member
Read in the paper today...(OK,a pinch of salt) that Huddersfield Town have lost £5m...even after selling Jordan Rhodes for £8m....just how many clubs in the championship are breaking even or making a profit?
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Did they really lose that much....?
- Thread starter Seagull on the wing
- Start date
HenryC
New member
Yes, but aren't Huddersfield renowned for paying high players wages? I expect that's where the loss has occurred.
Pavilionaire
Well-known member
- Jul 7, 2003
- 31,274
Par for the course in this division (see Bristol City, Ipswich).
TSB
Captain Hindsight
Blackburn, Palace, Cardiff..
Pavilionaire
Well-known member
- Jul 7, 2003
- 31,274
Ipswich lost £14mill in 09/10 and would have lost the same in 10/11 had they not sold Connor Wickham for £10 mill. Crazy.
TSB
Captain Hindsight
It's unlike you to be concerned or negative. Now I am worried!
*Not really. Your negative drivel is tedious.
saafend_seagull
Well-known member
Our FD said we have one of the best turnover/salary ratios in this division.
Our accounts were signed in Feb last year (Palace's likewise), so expect them to be available on the Company House website from March.
Our accounts were signed in Feb last year (Palace's likewise), so expect them to be available on the Company House website from March.
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Alex Alex Dawson oo! oo!
Primary data is fact
Rhodes was sold to Blackburn during their current financial year which doesn't end until June 30th. This loss will relate to the 2011/12 financial year and, if correct, perhaps explains why they sold him?
I do believe that BHA have probably got one of,if not the best turnover/salary ratios in this division due to their high attendances.As for any team making a profit after paying wages,it must be nigh on impossible in this division when players are paid thousands of pounds a week.
yxee
Well-known member
I find it staggering that any club on parachute payments is not making a profit... as for us, can we please forget this arbitrary turnover/salary measurement? Can anyone imagine McDonald's publishing a "burgers sold to staff wages ratio" figure on their yearly accounts?
Possibly Wolves with the number of players they sold in the summer. Other than that, I'm not surprised that no other clubs are making a profit. Another sign that something needs to be done about footballers extortionate wages.
Good point - They also do not own their stadium. see Ken Davy and the Galpharm Stadium Spoughts for one perspective on this mess.
The Birdman
New member
When fair play comes in teams that pay to much and lose money will be fined I believe this weeks programme may have some information about how it will work and no longer will it be advantage for a rich Chairman to be able just to sign cheques and bale out his club. This is why we need to balance the books quickly?
It's unlikely all the time Tele money is being pumped in at the top end and clubs in the Championship strive for promotion. They simply won't have a choice. Only way to overcome it I think is if the FL and Prem could somehow get together and divi up the TV money a bit more, so FL clubs see some of it. But that isn't going to happen so I think FL clubs will always largely rely on the "generosity" of their shareholders
Justice
Dangerous Idiot
Who cares dirty northern B......s.
I think I read it was Leeds...but I could be wrong.
Wolves makes sense as they turned a profit in their last 2 seasons in the prem. with the player offload its feasible
amexee
New member
I am sure that Mr Bloom has very good tax advisers and will be able to offset a fair bit of his profits elsewhere against BHA losses. So still a painful hit but probably not nearly as bad as any initial read may seen