| The cost of existing in the Championship 20:27 - Jan 17 with 3418 views | Illinoisblue |
Preston accounts show them losing 300k a week. Not sure they’ve even come close to getting in the playoffs. Expensive hobby, football.
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| The cost of existing in the Championship on 20:30 - Jan 17 with 3355 views | FrimleyBlue |
Time for a 250k bid for Keane then. |  |
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| The cost of existing in the Championship on 20:46 - Jan 17 with 3224 views | Illinoisblue |
| The cost of existing in the Championship on 20:30 - Jan 17 by FrimleyBlue |
Time for a 250k bid for Keane then. |
I’d be all for that. Think he’s better than Moore. | |
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| The cost of existing in the Championship on 20:47 - Jan 17 with 3221 views | HighgateBlue |
Am I right in thinking that under FFP they can lose £39m over three seasons, meaning that as they've lost £35m over the last two, they can only lose £4m this year? If so, then surely they're in the doo doo...
(assuming the inputs for the accounts are similar to those allowed for FFP purposes, which I appreciate they won't be exactly) |  | | |
| The cost of existing in the Championship on 21:24 - Jan 17 with 3049 views | Marshalls_Mullet |
Effectively owned by a local family.
Fair play to them for continuing to fund it. |  |
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| The cost of existing in the Championship on 21:25 - Jan 17 with 3037 views | Swansea_Blue |
| The cost of existing in the Championship on 20:46 - Jan 17 by Illinoisblue |
I’d be all for that. Think he’s better than Moore. |
I’m better than Moore |  |
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| The cost of existing in the Championship on 21:57 - Jan 17 with 2882 views | JakeITFC |
Wages 139% of revenue! Football has fully lost the plot hasn’t it (realise that Preston are far from the exception here). |  | | |
| The cost of existing in the Championship on 22:16 - Jan 17 with 2776 views | Illinoisblue |
| The cost of existing in the Championship on 21:57 - Jan 17 by JakeITFC |
Wages 139% of revenue! Football has fully lost the plot hasn’t it (realise that Preston are far from the exception here). |
And they’re spending all that money to essentially tread water. It doesn’t seem sustainable but apparently it is. It’s a mad game. | |
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| The cost of existing in the Championship on 22:46 - Jan 17 with 2640 views | SenatorBlue |
I’m no accountant, but where’s the missing £9m that was spent?
£6m loss revenue vs wages, net zero on player sales/purchases. Were they spending the rest? Executive prawn sandwiches at half time. |  | | |
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| The cost of existing in the Championship on 06:35 - Jan 18 with 2395 views | powinswitch |
| The cost of existing in the Championship on 22:46 - Jan 17 by SenatorBlue |
I’m no accountant, but where’s the missing £9m that was spent?
£6m loss revenue vs wages, net zero on player sales/purchases. Were they spending the rest? Executive prawn sandwiches at half time. |
Where do you think costs such as travel, accommodation, insurance, electricity, medical costs, food, and the thousand other operating costs fall. How much for instance do you think it costs to keep the training ground and pitch in good order. Expensive business |  | | |
| The cost of existing in the Championship on 07:00 - Jan 18 with 2336 views | WestStanderLaLaLa |
Below the average Championship loss of £476,000. Chasing the premier league or even trying to stick around with those chasing it, is a ridiculously expensive business. |  |
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| The cost of existing in the Championship on 07:43 - Jan 18 with 2207 views | textbackup |
| The cost of existing in the Championship on 21:25 - Jan 17 by Swansea_Blue |
I’m better than Moore |
Smart.
What’s your name I’ll search you on Google, see how his and your stats match up |  |
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| The cost of existing in the Championship on 10:31 - Jan 18 with 1971 views | PrideOfTheEast |
Just think, the owner could stop doing that and just have one Jesse Lingard playing football in his back garden, or half a Jordan Henderson.
Football is ridiculous. | | | |
| The cost of existing in the Championship on 10:34 - Jan 18 with 1952 views | _clive_baker_ |
Those in glass houses though innit.
We lost 242k a week in our last published accounts, in L1. I dare say the last financial year wasn't much better either. |  | | |
| The cost of existing in the Championship on 10:45 - Jan 18 with 1904 views | Europablue |
Would it be a bad idea to ban teams spending more than 100% of their revenue on wages?! | | | |
| The cost of existing in the Championship on 10:50 - Jan 18 with 1877 views | SuperKieranMcKenna |
They only managed an extra ~GBP 1m revenue than we did two years ago whilst in League One and finishing outside the playoffs. Given championship brings an extra 7m in tv money that’s quite surprising. | | | |
| The cost of existing in the Championship on 10:56 - Jan 18 with 1836 views | _clive_baker_ |
| The cost of existing in the Championship on 10:50 - Jan 18 by SuperKieranMcKenna |
They only managed an extra ~GBP 1m revenue than we did two years ago whilst in League One and finishing outside the playoffs. Given championship brings an extra 7m in tv money that’s quite surprising. |
I thought that. For revenue to only be 15m as a Championship club when c. 60% of it is TV monies is pretty poor. Their attendances are pretty low though and I think the season ticket prices are too. We'll be generating more than double what they do from the non TV revenues. | | | |
| The cost of existing in the Championship on 11:01 - Jan 18 with 1772 views | Herbivore |
| The cost of existing in the Championship on 10:45 - Jan 18 by Europablue |
Would it be a bad idea to ban teams spending more than 100% of their revenue on wages?! |
Depends on if you want a football league with only about 5 teams in it. |  |
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| The cost of existing in the Championship on 12:12 - Jan 18 with 1671 views | OldFart71 |
All makes you wonder how Gamechanger propose to make a profit out of ITFC. Gates are fantastic and shirt sales off the scale, but they have already put large sums into training facilities, dugout, pitch and opening up the corner of the Cobbold. Then there's the proposed development of said Cobbold running into many millions. You also cannot get a team into the Prem on the cheap or keep them there. Ultimately players who cost little and can be sold is a way forward but a club has to be very shrewd to continually replace players whilst managing to maintain ultimately Premiership status. | | | |
| The cost of existing in the Championship on 15:36 - Jan 18 with 1489 views | GavTWTD |
Wages have to come down somehow but its a competitive market. It would have to come from the top. |  |
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| The cost of existing in the Championship on 15:44 - Jan 18 with 1468 views | ElephantintheRoom |
| The cost of existing in the Championship on 12:12 - Jan 18 by OldFart71 |
All makes you wonder how Gamechanger propose to make a profit out of ITFC. Gates are fantastic and shirt sales off the scale, but they have already put large sums into training facilities, dugout, pitch and opening up the corner of the Cobbold. Then there's the proposed development of said Cobbold running into many millions. You also cannot get a team into the Prem on the cheap or keep them there. Ultimately players who cost little and can be sold is a way forward but a club has to be very shrewd to continually replace players whilst managing to maintain ultimately Premiership status. |
The short answer is they bought Town with money they didn’t have and presumably have their faces in the trough to contribute to the eye watering £1 million a month losses
Quite how Ed Schwarz thinks héll get the pension fund’s money back is another question. I presume he thinks all the ‘added value’ will have gullible Americans with hedge funds queueing up for a slice of overpriced pie. | |
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| The cost of existing in the Championship on 15:47 - Jan 18 with 1454 views | _clive_baker_ |
| The cost of existing in the Championship on 15:44 - Jan 18 by ElephantintheRoom |
The short answer is they bought Town with money they didn’t have and presumably have their faces in the trough to contribute to the eye watering £1 million a month losses
Quite how Ed Schwarz thinks héll get the pension fund’s money back is another question. I presume he thinks all the ‘added value’ will have gullible Americans with hedge funds queueing up for a slice of overpriced pie. |
2 words: 'Premier' and 'League'.
The only way any owner of a Championship football club could realise a return on their investment. | | | |
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