Yeah but our wages are too high, that they are going up in line with our income.. simply means that they are staying too high as our income goes up.
If our wages were less, then the difference between our spend and turnover would improve..
Our wages aren't high relative to our position, though. We pay about the tenth best wages in the league and are about the sixth best team.
I think it was 58 million in 2010-11, which is the last one we have the accounts for and that's only about 70% of our income. That's huge, obviously, but in premier league terms, it's not excessive. We cut that much more and we'd really struggle to be competitive.
It's like you say, we're putting in as much as we can afford, but it speaks badly of the board that what we can afford is less than pretty much everyone else in the league.