Players wages alone often total MORE than the club gets in, in income during the whole year!
Going by the last accounts filed. wages ate up £95 of every £100 BWFC made!
So whatever front the club puts forward the simple truth is that BWFC is losing money and only sustainable by someone, somewhere putting their hand in their pocket and throwing their money away, in order to keep us going for now.
I personally can't see what the plan is to turn a profit and get some of that money back, to whoever it is who has given it to the club.
I can only assume for now that whoever is throwing the money at the club is rich enough not to want it back.
There is an exiting debt of £5.5 owed to PBP and FV have just put themselves in hock for the £4.5m Bond - which needs to be paid back in 5 years time.
I've no idea at this stage how they can possibly do that, other than tale another loan (or bond") out.
So in short, the ST sales, ground receipts, shirt sales, etc, goes straight on the players wages, everything else, heating, lighting, maintenance etc, etc, etc, is paid for out of someone's private pocket.
And for this season, ground improvements and transfer budget has been funded by the fans who bought the bonds.
There was no more money to strengthen the team, the bit that's left from the bond (circa £200k or so) is probably set aside for the January transfer window.
Bob and I keep on telling you all that club is not financially self sustainable, has a debt mountain of around £10m that it can't pay off and basically only keeping going by some unknown benefactor (Nick Mason perhaps?) who for now is happy to piss his money away on us.
As long as whoever it is happy to keep doing so we will be fine but if they stop (just like Eddie did one day) then unless we find someone else to buy us, then it will be TOUGH SHEET for us once again!