>>No I'm not, you said paying all the first team squad 11k a week equated to 7 mill a year or 25% of turnover. I was saying we could pay that over the full squad. Like I say, deloitte say that 60% ratio is sustainable in football. It gives us a lot of wriggle room to invest in the squad sustainably, which I am assuming you want. If you don't, what are you doing here?<< We turned over £27m and made a profit of £3m. You're advocating playing the first team squad £11k a week (£14.3 million for 25 players) - which would be around the level you suggest is sustainable. It would also be a monumental wage bill for a championship team. And considering we're paying most players £4k a week or less, how much of a loss would we be making if you lumped all those extra wages on to the cost base? 25 players at £4k a week is £5.2m. So do the maths - you'd turn our £3m profit into a £6m loss. Ridsdale economics. I'm happy for the club to be run as a stable business even if it does mean it'll take longer to find our way back to the top of the premier league.
>>I also said that that was on the assumption the figures you quote are right. Which I doubt, not because you haven't looked at the accounts, just that you can bet your bottom dollar lots of our cash is spirited away offshore.<< You have no way of knowing that. But the accounts are public, so you can see for yourself. >>Well, maybe they're a shite team with low attendances because they choose to invest in non-football income streams rather than the playing squad. Hey at least we can get a whole load of Mondeo men to come to Elland Road trying to sell bridal wear or whatever. You really don't get it. It is a football club. It's business is football. That's why we are here.<< I'm just trying to get my head round the concept of investing in income streams. Investment = money spent Income stream = money received Coventry invested in a new ground several years ago and included some excellent corporate facilities. Why should that do anything other than bring in revenue that benefits the club? It gives them the ability to hold money-spinning events that they couldn't have run at their previous shit-hole of a ground. How does it affect the football side of the business? Does the coach run the exhibitions? Do the players serve the food in the cafe? I could be on to something here... M _______________________________________________ Leedslist mailing list Info and options: http://mailman-new.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email leedslist-unsubscr...@gn.apc.org MARCHING ON TOGETHER (There's it)
