When did I say pay the entire first team squad 11k a week?? I didn't. All I AM saying is there is room for investing more in the squad. We are underinvesting relative to turnover - hence we are consistently losing good players.
If the club (Bates) has nothing to hide financially, why the ridiculous corporate structure in tax havens? Come on Mark, why? I am very aware that the accounts of the company Leeds United Ltd or whatever it's called now are public, but I think we all know that that is not the end of the story. If you believe that you're either ridiculously naive or just plain thick. Erm, it's not that difficult a concept marky boy, investing in areas of the business which don't relate to football with a view to bringing in income. Investment is different from simply spending - it is money spent with a view to a return on that spending as income. Coventry obviously have - like you say they are 'exactly what we should be doing'. I think their independent auditor might disagree though - he described their finances just this week as being in a 'perilous state', with 'serious concerns about their ability to continue as a going concern'. In our case anyway (and frankly I couldn't give a fck about Coventry) Bates is more interested in investing our cash in White elephant loss making sidelines than the football side of the business. I fundamentally disagree with this approach. I Sent from my iPhone On 11 Jun 2011, at 15:56, markbu...@aol.com wrote: > >>> 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) > _______________________________________________ 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)
