Everton annual wage costs discrepancy

[Groucho]

Are you factoring in the payoffs to Martinez, Koeman, Allerdyce, Silva, Lampard and their assorted staffs?

The club has spent a not so small fortune paying these people to NOT manage the club.

This is something I cannot fathom.

If someone is sacked for not performing well in work, why are they then paid up?

 

[Yarrgh]

This is something I cannot fathom.

If someone is sacked for not performing well in work, why are they then paid up?

I doubt that many managerial contracts stipulate what constitutes dismissal with regards to results on the field. As such if they're doing their job then they get what is in their contract.

As a contractor myself I get 1 week's notice. If there were only a handful of people like me with my speciality and was in demand, I could and would demand a greater severance package as do football managers.

If Everton didn't offer such generous terms, they'd not attract such a "high" tier of manager over our competition.

 

[toffeemeister77]

I'm assuming as we stand we have one of the lowest wage bills in the Premier League.

 

[LEONARD]

I'm assuming as we stand we have one of the lowest wage bills in the Premier League.

Sadly no, my RS mutant neighbour reckons their whole first team squad actually 'pay the club' for letting them play for them.

 

[Littlesue]

I'm assuming as we stand we have one of the lowest wage bills in the Premier League.

About 9 less

 

[Papa Shango]

This is something I cannot fathom.

If someone is sacked for not performing well in work, why are they then paid up?

Contracts. That's all it is.

 

[Zezti]

This is something I cannot fathom.

If someone is sacked for not performing well in work, why are they then paid up?

As the above said, simply because we agreed to doing so.

 

[PeregrineT]

First you are assuming Sportrac is accurate, capology has wages at 110m. Second, its paying off past managers, then its paying staff, which at the time was Rafael. Last, this also includes all other player and staff salaries, including womens, youth, and maybe even front office related to those handling the stadium.

Interestingly it was 84 million in 2016, jumped by 20 million the next year, then by 41m, then about 15m per year. Average staff costs in the EPL have risen 30-50% since that time, which means ours SHOULD be 117m.

 

[Timak]

The accounts are the actual verified amounts paid out.

The problem is we have massively overpaid for players compared to their ability.

Capology and the likes are just guesses on basic salaries. There is no grand conspiracy, they are tens of millions (sometime 100m+) off for every club.

 

[ForeverEverton]

Our "staff costs" in YE22 was 90% of turnover, in the previous year it was 95%, this is horrendous and gross mismanagement on an epic scale the way this has reached such levels.... Turnover dropped, we only bettered 2018 turnover once in the following 4 years, whilst wages climbed. We started to see this reversing in 22 and I hope 23 will go much more the same way when we see them accounts next year but then we have had many out of contract players leave as of 30th June but these savings will not be reflected until the 24 set of accounts.

 

[Taifi gorm]

This is something I cannot fathom.

If someone is sacked for not performing well in work, why are they then paid up?

Are if they fail/refuse to perform like players often do. Why aren't they sacked?

 

[Bebeto]

The most reliable website about player wages is this one imo: https://www.capology.com/uk/premier-league/salaries/

It claims to have verified many of the figures .

For Everton, it says Iwobi is already on 120k a week. Keane is on 80k, Godfrey is on 75k, and Holgate is on 70k, a very expensive unholy trinity.

It's interesting to look at wages from other clubs as well. Iheanacho is said to be on 80k a week and not the rumoured 150k a week I've seen online. I don't think Iheanacho is the answer for us tbh, doesn't score enough.

There is no way iwobi is on 120k...his supposedly new contract on the table that he hasn't signed was 100k a week.

 

[Dymak]

There is no way iwobi is on 120k...his supposedly new contract on the table that he hasn't signed was 100k a week.

What makes you believe one source over the other?

The reason you’ve used the word ‘supposedly’ to describe his supposed new contract is because nobody knows whether the claim is actually true or not.

 

[Rob17896]

Everyone is aware that the main reason we have been having P and S issues is our ridiculously high wage costs (our net transfer spend in the last 5 years is only £31m).

In the accounts for 21/22 (see below) annual wages are listed as £162m.

Swiss Ramble Everton Finances 21/22

However, if you look at the various websites that try to estimate player salaries the figure quoted is always far less. For example, Spotrac calculates player salaries for 21/22 as only £91m.

Spotrac Everton player salaries 21/22

I appreciate that you have to add on other staff salaries (Directors, managers, coaches, youth team, Finch Farm, admin etc) but the discrepancy still seems enormous.

I was just wondering if anyone had an explanation for this?

It is a big organisation so it does not surprise me.