| Colchester United’s finances 14:10 - Apr 4 with 2969 views | Illinoisblue |
Quite fascinating, really.
|  |
| |  |
| Colchester United’s finances on 14:17 - Apr 4 with 2898 views | bsw72 |
Is it significantly different to how Evans used Ipswich, as a loss maker to help with tax write offs across his wider organisation . . .?
Edited to correct Friday grammar laziness. [Post edited 4 Apr 14:19]
|  | | |
| Colchester United’s finances on 14:20 - Apr 4 with 2854 views | homer_123 |
Cowling has been trying to get the Club running self sufficiently over recent years. He's not been able to make that happen.
One of the reasons they have struggled so much on the pitch is the lack of investment.
On the pitch they are now doing well but off the pitch they are a basket case. |  |
| |
| Colchester United’s finances on 14:22 - Apr 4 with 2833 views | homer_123 |
| Colchester United’s finances on 14:17 - Apr 4 by bsw72 |
Is it significantly different to how Evans used Ipswich, as a loss maker to help with tax write offs across his wider organisation . . .?
Edited to correct Friday grammar laziness. [Post edited 4 Apr 14:19]
|
As I have posted, Cowling has been trying to get the Club in a more self-sustaining position. It's not worked. | |
| |
| Colchester United’s finances on 14:23 - Apr 4 with 2819 views | Sharkey |
| Colchester United’s finances on 14:17 - Apr 4 by bsw72 |
Is it significantly different to how Evans used Ipswich, as a loss maker to help with tax write offs across his wider organisation . . .?
Edited to correct Friday grammar laziness. [Post edited 4 Apr 14:19]
|
To be fair, Cowling does seem to be a lot more interested in 'his' club than Evans ever was. Most 'football people' seem to have a high opinion of him. |  | | |
| Colchester United’s finances on 14:50 - Apr 4 with 2645 views | Illinoisblue |
| Colchester United’s finances on 14:22 - Apr 4 by homer_123 |
As I have posted, Cowling has been trying to get the Club in a more self-sustaining position. It's not worked. |
With crowds of 3k or 4k that’s not going to happen, surely. | |
| |
| Colchester United’s finances on 14:57 - Apr 4 with 2589 views | homer_123 |
| Colchester United’s finances on 14:50 - Apr 4 by Illinoisblue |
With crowds of 3k or 4k that’s not going to happen, surely. |
Massively cut back staff, investment in youth, investment in the main squad and more.
Was never going to be fully self-sustaining but it's failed, he's still propping the Club up and it backfired as they have struggled so badly until very recently. | |
| |
| Colchester United’s finances on 15:06 - Apr 4 with 2522 views | ElderGrizzly |
Some of the losses in L1 & L2 are insane. Colchester are nowhere near the worst.
Edit for additional info:
Bolton lost £11m
Barnsley £9.6m
Fleetwood - £9.6m, with total losses of £40m
Even Woking, 18th in the non-league are £1.85m loss and £10m in losses over last 5 years. [Post edited 4 Apr 15:22]
|  | | |
| Colchester United’s finances on 15:10 - Apr 4 with 2486 views | _clive_baker_ |
Find it staggering why anyone would want to own a football club when you see what £37m of losses gets you. That's about £2m a season since he took over on average, and based on these latest accounts that's growing. No idea what he paid for the club but you would think he'll be looking at a fraction of his investment back when he eventually disposes of it. |  | | |
Login to get fewer ads
| Colchester United’s finances on 15:14 - Apr 4 with 2416 views | Illinoisblue |
| Colchester United’s finances on 15:10 - Apr 4 by _clive_baker_ |
Find it staggering why anyone would want to own a football club when you see what £37m of losses gets you. That's about £2m a season since he took over on average, and based on these latest accounts that's growing. No idea what he paid for the club but you would think he'll be looking at a fraction of his investment back when he eventually disposes of it. |
He’s certainly not doing it for the glory! Wonder what sort of wages Col U players are on. | |
| |
| Colchester United’s finances on 15:29 - Apr 4 with 2291 views | _clive_baker_ |
| Colchester United’s finances on 15:14 - Apr 4 by Illinoisblue |
He’s certainly not doing it for the glory! Wonder what sort of wages Col U players are on. |
I'd wager £60k+ per week plus bonuses. Probably ranges from about £500 - £5k per week across their senior squad. When you factor in management, coaches, medical and non football staff etc on top they're probably spending the best part of £4m - £5m a year on wages, which is probably higher than their turnover so its no surprise they're loss making after other costs.
The model in the whole industry is ridiculous. I'm sure there was a year under Evans where our wage bill was 125% of turnover. Madness. | | | |
| Colchester United’s finances on 15:31 - Apr 4 with 2258 views | ElderGrizzly |
| Colchester United’s finances on 15:29 - Apr 4 by _clive_baker_ |
I'd wager £60k+ per week plus bonuses. Probably ranges from about £500 - £5k per week across their senior squad. When you factor in management, coaches, medical and non football staff etc on top they're probably spending the best part of £4m - £5m a year on wages, which is probably higher than their turnover so its no surprise they're loss making after other costs.
The model in the whole industry is ridiculous. I'm sure there was a year under Evans where our wage bill was 125% of turnover. Madness. |
Wages at Leeds last season (when we got promoted ahead of them) were £84m and a loss of £70m | | | |
| Colchester United’s finances on 15:44 - Apr 4 with 2190 views | _clive_baker_ |
| Colchester United’s finances on 15:31 - Apr 4 by ElderGrizzly |
Wages at Leeds last season (when we got promoted ahead of them) were £84m and a loss of £70m |
In a weird sort of way I can see why at a club like Leeds on the coat tails of the Premier league gravy train you might be able to justify the 'gamble'. Big club, fanbase, could establish themselves in the top tier at a time when the money is only going to grow to more grotesque levels. 120 million Euros for the winner of the 7 game 'club world cup' is it? Madness.
Don't get what's in it for owners of clubs like Colchester. To maybe go up and keep losing money in league 1. | | | |
| Colchester United’s finances on 15:46 - Apr 4 with 2167 views | J2BLUE |
| Colchester United’s finances on 14:17 - Apr 4 by bsw72 |
Is it significantly different to how Evans used Ipswich, as a loss maker to help with tax write offs across his wider organisation . . .?
Edited to correct Friday grammar laziness. [Post edited 4 Apr 14:19]
|
This again... |  |
| |
| Colchester United’s finances on 15:50 - Apr 4 with 2144 views | ElderGrizzly |
| Colchester United’s finances on 15:44 - Apr 4 by _clive_baker_ |
In a weird sort of way I can see why at a club like Leeds on the coat tails of the Premier league gravy train you might be able to justify the 'gamble'. Big club, fanbase, could establish themselves in the top tier at a time when the money is only going to grow to more grotesque levels. 120 million Euros for the winner of the 7 game 'club world cup' is it? Madness.
Don't get what's in it for owners of clubs like Colchester. To maybe go up and keep losing money in league 1. |
Agree the prize is much bigger for Leeds, but you can't keep losing £70m without promotion.
But yes, the figures at the lower levels make no sense. Not everyone can have the 'fairytale' of Wrexham. | | | |
| Colchester United’s finances on 15:56 - Apr 4 with 2094 views | Radlett_blue |
| Colchester United’s finances on 15:29 - Apr 4 by _clive_baker_ |
I'd wager £60k+ per week plus bonuses. Probably ranges from about £500 - £5k per week across their senior squad. When you factor in management, coaches, medical and non football staff etc on top they're probably spending the best part of £4m - £5m a year on wages, which is probably higher than their turnover so its no surprise they're loss making after other costs.
The model in the whole industry is ridiculous. I'm sure there was a year under Evans where our wage bill was 125% of turnover. Madness. |
Colchester's TOTAL wage bill is £2.7m per season, just over £52k per week. A first team player typically earns £2-4k a week, with Jack Payne their highest paid player on £5200 a week. Far too much, given that their average attendance is 4,600. I doubt getting promoted through the play-offs would make a huge difference to their finances. |  |
| |
| Colchester United’s finances on 15:59 - Apr 4 with 2028 views | davblue |
| Colchester United’s finances on 14:20 - Apr 4 by homer_123 |
Cowling has been trying to get the Club running self sufficiently over recent years. He's not been able to make that happen.
One of the reasons they have struggled so much on the pitch is the lack of investment.
On the pitch they are now doing well but off the pitch they are a basket case. |
think they were within the last 2 years a top 6 in league 2 payer. |  | | |
| Colchester United’s finances on 16:31 - Apr 4 with 1846 views | gringoblue |
| Colchester United’s finances on 15:56 - Apr 4 by Radlett_blue |
Colchester's TOTAL wage bill is £2.7m per season, just over £52k per week. A first team player typically earns £2-4k a week, with Jack Payne their highest paid player on £5200 a week. Far too much, given that their average attendance is 4,600. I doubt getting promoted through the play-offs would make a huge difference to their finances. |
Sorry, what? Colchester United are paying a footballer £270,000 a year? And that is one 10th of their total wage bill?
Wow. |  | | |
| Colchester United’s finances on 16:47 - Apr 4 with 1776 views | Sharkey |
| Colchester United’s finances on 14:57 - Apr 4 by homer_123 |
Massively cut back staff, investment in youth, investment in the main squad and more.
Was never going to be fully self-sustaining but it's failed, he's still propping the Club up and it backfired as they have struggled so badly until very recently. |
In the first paragraph, do you mean that's what happened or what needs to happen? (I haven't noticed any massive cut-backs to date.) | | | |
| Colchester United’s finances on 16:57 - Apr 4 with 1742 views | bsw72 |
| Colchester United’s finances on 14:22 - Apr 4 by homer_123 |
As I have posted, Cowling has been trying to get the Club in a more self-sustaining position. It's not worked. |
That was why I asked the question - I haven't paid a lot of attention to who owns and how the club is run. | | | |
| Colchester United’s finances on 19:51 - Apr 4 with 1437 views | PrideOfTheEast |
| Colchester United’s finances on 14:17 - Apr 4 by bsw72 |
Is it significantly different to how Evans used Ipswich, as a loss maker to help with tax write offs across his wider organisation . . .?
Edited to correct Friday grammar laziness. [Post edited 4 Apr 14:19]
|
What you mean is a consequence of one UK group company being loss making is that the loss can be offset against profits of other profitable UK group companies. Obviously nobody would lose a million pounds to save £200k of tax. |  | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
