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our debt in simple terms

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Toffee mints said:
Stunning numbers in gates and catering as they are low ?

Are wages going to be vastly up ? With Moyes, Neville and surely Fellaini going to be off the wage bill soon ?
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Yes low.

Those numbers are from 2011/2012. So you've got Jelavic for a full year on the next fiscal year's books, Pienaar, Mirallas...I wouldn't assume that Fellaini will be off the wage bill. Even if he is, he still needs to be replaced. And the fact of the matter is that wages will be going up across the board because of the same TV money. The only way to reduce the wage bill significantly is to decimate the playing staff, which will have significant or catastrophic revenue implications.
 

The last available accounts still have wages for Arteta, Yobo, Bily, Beckford, and other players of that era on them. I think there is genuine scope that our wage bill is lower now, save for any subsequent wage rises given to other players. Then as has been mentioned you have the likes of Neville off the wage bill just recently.
 
Toffee mints said:
If we now get an extra £20m from tv and in theory are turning a £9m loss per year in to a profit, would it be fair to say that if we sold Fellaini and Baines we'd pretty much wipe out our debt if we didn't reinvest it on the field ?
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It would not be fair to say that at all. The loss of their talent + the increased perception that we're a selling club which doesn't re-invest in the squad (in the future who would want to sign for the club that sold two of their best players and didn't replace them with anyone) + morale hit to the current squad would almost certainly see us tumble down the table (losing millions with each step down the ladder). 5 years of finishing around 14th instead of around 6th (combined with drops in TV appearances, gates etc.) could cost us around 50m in revenue. It would be an insanely risky course of action for (best case) a fairly ordinary reward (the 5m a year it might cost us to service debt).

I don't think enough people appreciate the degree to which we rely on our league finishes. To have a year in the bottom half would be a huge problem; two-three years and we're likely back to where we were pre-Moyes. That's why we sign more 30 year old players than some would like to help stabilize our league standing.

We're a house of cards lads and league position is what would most likely cause it to come tumbling down.
 

Village Idiot said:
The last available accounts still have wages for Arteta, Yobo, Bily, Beckford, and other players of that era on them. I think there is genuine scope that our wage bill is lower now, save for any subsequent wage rises given to other players. Then as has been mentioned you have the likes of Neville off the wage bill just recently.
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Like Fellaini's new deal.

Combined PL wages rose 9% last year. Ours will continue to rise or our league standing will fall. These numbers are doing nothing but going up, especially with the new TV money.
 
pfim said:
Like Fellaini's new deal.

Combined PL wages rose 9% last year. Ours will continue to rise or our league standing will fall. These numbers are doing nothing but going up, especially with the new TV money.
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I agree that any downward movement in the wage bill that came about with the loss of Arteta and the rest will only look like a blip in a long term upward picture but nonetheless I do expect that we will see that blip in the next set of accounts.
 
njligernj said:
I don't think enough people appreciate the degree to which we rely on our league finishes. To have a year in the bottom half would be a huge problem; two-three years and we're likely back to where we were pre-Moyes. That's why we sign more 30 year old players than some would like to help stabilize our league standing.

We're a house of cards lads and league position is what would most likely cause it to come tumbling down.
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You're totally over estimating the scale of the issue & have totally ignored the impact of the new TV deal when concluding that league position is the most likely cause of our demise.

The difference per league place is circa £1m, so the difference between 6th & 16th is circa £10m. The new tv deal will see an incremental £25m+ per annum land. This additional income is currently unaccounted for & our cost base has not increased. So therefore even 3 consequetive 16th place finishes wouldn't cause a jots worth of difference moving forwards, on the proviso that the cost base is managed effectively.
 
pfim said:
Like Fellaini's new deal.

Combined PL wages rose 9% last year. Ours will continue to rise or our league standing will fall. These numbers are doing nothing but going up, especially with the new TV money.
Click to expand...

They've introduced a cap this year though, which will limit wage bill increases to £4m per club.
 

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