Gus attempts to calm down fans expectations about our budget

[El Presidente]

But the Amex gives us much more of an income than just gate money.

It doesn't, honestly.

The income from a couple of FBS gigs and selling lots of pies is insignificant when you take into account.

1: Parachute payments of £18 million a year that will be received this season by Birmingham, Wolves, Blackburn, Blackburn and Bolton
2: Some clubs have benefactors who are prepared to ignore FFP and go for broke this season, Leicester come to mind.
3: We have costs, such as the transport scheme, that cost a seven figure sum and that are not incurred by other clubs.

 

[Albion Dan]

It doesn't, honestly.

The income from a couple of FBS gigs and selling lots of pies is insignificant when you take into account.

1: Parachute payments of £18 million a year that will be received this season by Birmingham, Wolves, Blackburn, Blackburn and Bolton
.

Here we go again. People need to stop getting so hung up on parachute payments. Three of the four clubs you have mentioned are in so much debt, and have such a high wage bill that the payments just about scratch the sides. Without them they would be in instant administration.

Wolves are the only ones at a distinct advantage as they are debt free.

 

[Acker79]

Here we go again. People need to stop getting so hung up on parachute payments. Three of the four clubs you have mentioned are in so much debt, and have such a high wage bill that the payments just about scratch the sides. Without them they would be in instant administration.

Wolves are the only ones at a distinct advantage as they are debt free.

Since taking over Blackburn, Venkys have paid in 25m to service debts, with relegation clauses reducing the wage bill through lower wages or releases, they are also in a good position financially.

 

[Icy Gull]

I thought Blackpool had refused to pay massive wages when they were in the Prem? I imagine they should be in reasonable nick with the parachute payments.

 

[PILTDOWN MAN]

It doesn't, honestly.

The income from a couple of FBS gigs and selling lots of pies is insignificant when you take into account.

1: Parachute payments of £18 million a year that will be received this season by Birmingham, Wolves, Blackburn, Blackburn and Bolton
2: Some clubs have benefactors who are prepared to ignore FFP and go for broke this season, Leicester come to mind.
3: We have costs, such as the transport scheme, that cost a seven figure sum and that are not incurred by other clubs.

You are obviously oblivious to all the events going on continuously at the Amex. One only has to listen to local radio for all the adverts mentioning events taking place.

So it honestly DOES!

 

[PILTDOWN MAN]

I thought Blackpool had refused to pay massive wages when they were in the Prem? I imagine they should be in reasonable nick with the parachute payments.

Chairman's taken out the money.

 

[Icy Gull]

Chairman's taken out the money.

I thought they'd got rid of the dodgy chairman

Edit: I see they haven't

 

[Albion Dan]

Since taking over Blackburn, Venkys have paid in 25m to service debts, with relegation clauses reducing the wage bill through lower wages or releases, they are also in a good position financially.

Certainly not the picture I was painted by a Blackburn fan. Nobody has a clue what tje Venkys have or havent done and trust between them and the support is zero.

 

[Acker79]

Certainly not the picture I was painted by a Blackburn fan. Nobody has a clue what tje Venkys have or havent done and trust between them and the support is zero.

Blackburn Rovers facing their nightmare scenario | David Conn | Football | The Guardian

Barclays, though, has told the Guardian that Rovers' overdraft and loans have been fully paid off, suggesting strongly that the club's owners put at least the £10m in.

The accounts, for the year to 30 June 2011, were signed off by KPMG on 20 December, in fact the day before Hunt's letter. They show that Venky's had injected real money into Rovers, much more than the Walker trustees had annually in their latter ownership. On top of the £23m paid to the Walker trustees to buy the club, Venky's paid off £10m of club debt when it took over. In the year to 30 June 2011 a further £5m interest‑free loan was paid in. Assuming Venky's then paid off the £10m, at least, which Barclays was chasing, the Indian poultry company has pumped at least £25m into Rovers.

With increased parachute payments of £48m over four years, clauses which reduce players' wages on relegation, and some coveted performers, notably Junior Hoilett, who could be sold, Rovers look financially quite able to withstand relegation and, even if crowds plummet, very unlikely to fall into administration.​

 

[Albion Dan]

Blackburn Rovers facing their nightmare scenario | David Conn | Football | The Guardian

Barclays, though, has told the Guardian that Rovers' overdraft and loans have been fully paid off, suggesting strongly that the club's owners put at least the £10m in.

The accounts, for the year to 30 June 2011, were signed off by KPMG on 20 December, in fact the day before Hunt's letter. They show that Venky's had injected real money into Rovers, much more than the Walker trustees had annually in their latter ownership. On top of the £23m paid to the Walker trustees to buy the club, Venky's paid off £10m of club debt when it took over. In the year to 30 June 2011 a further £5m interest‑free loan was paid in. Assuming Venky's then paid off the £10m, at least, which Barclays was chasing, the Indian poultry company has pumped at least £25m into Rovers.

With increased parachute payments of £48m over four years, clauses which reduce players' wages on relegation, and some coveted performers, notably Junior Hoilett, who could be sold, Rovers look financially quite able to withstand relegation and, even if crowds plummet, very unlikely to fall into administration.​

If you read the comments under the article you will see thre is much scepticism about the above though....

 

[Biscuit]

What amuses is me is how everyone has a nailed-on source who has come through for them before, and is high up in the club. For CMS in particular I've seen just about every number from 8k to 30k quoted on here, all from people convinced their source is correct. A guy at my work told me with absolute conviction that Lewis Dunk was earning 12 grand a week. I laughed in his face. All it proves is that nobody actually knows anything.

A couple of people know a couple of things. I imagine it'd be easily linkable to someone inside the club so they don't broadcast it too loudly. Listen hard enough and you'll hear it!