It’s absolutely clear that operating with a 96% Wages to Turnover is unsustainable.
It means any form of signing is leaving you in debt.
My hope is some of the bigger earners will move on in the summer, and we can start to really rebuild.
For years, we’ve gambled and subsequently failed at trying to match the bigger sides and our turnover isn’t sustainable for that.
Mina - £120k
Gomes - £110k
Iwobi - Rumoured up to £100k (as low as £60k)
Doucoure - Up to £100k
Probably on high wages is someone like Gana, who’ll be off.
I reckon there you’re probably saving about £400-£500k a week, on them alone, we’re saving £20m. It’s things like thag which will help us in the long term.
We simply can’t afford to keep blowing high money on average players.
I’m hoping (and it’s my eternal optimist in me) that going down (or even if we pull off a miracle and stay up) will change how we approach transfers and we start looking to the model of buy low, sell high prospects.