bwfc1874 wrote:bwfc71 wrote:MartinBWFC wrote:Going up will instantly help towards the debt, stay up, and we will be financially viable again, come straight down, and we be far healthier financially than we are now, so who in their right mind would not want us to go up, oh hang on.
We got into the debt because of our presence in the Premiership!
As soon as a club has gained promotion to a higher division they are automatically faced with paying higher prices for players, higher wages, higher fees etc etc etc.
I am NOT saying that we shouldn't go up, as I do want to see success but at what cost? Yes if we get promoted the money is good but it won't clear our debt, in fact it could actually compound the debt, when strengthening the squad - its a double edged sword when it comes to the finances.
Nonsense, we got into debt because we spent money very poorly and gave out a load of big contracts to players with no sell on value who weren't good enough.
Look at the players we've made a profit on in the last 10 years, barely any. When a club like ours spend huge money on a player it either needs to give us a good return in terms of success and/or a fee for his eventual sale.
We got Elmander, who was shit and went for nothing. The money for his move was a result of Anelka a good example of spending money although I think we could have got more for him than we did.
It only compounds the debts if you're not smart about it.
Is not nonsense at all - Megson brought in players on high wages and which other premiership wouldn't touch. As OC pointed out, yesterday on Soccer AM, we released 11 players whose combined annual wages equated to £18million. He couldn't sell them as other Premiership teams saw them as not good enough whilst Championship clubs were outrpiced.
We already had a £30million debt after we moved into the Reebok, due to teh rebuilding and relocation. But since then our debt has risen and risen to what it was at the end of the last financial year - being approximately £130million!
You ask any club and they will say that the move into a higher division does create more cost for the club. PLayers do become more expensive to either buy or loan and the higher division does mean higher fees.
The best thing to do is look at the costs for clubs for those gaining promotion last season, from any division to next higher one, and see what teh cost was season before - and its not just about inflation either.
If we do get promotion, we will be going into the Premier League with debts fo around £120million - after one season in the division I expect the debt to be about £130million even with taking into account the TV money, the position money and parachute money. Remeber we do not get teh parachute money in one go it is taken over 4 years and if promotion is gained during that time, back into the Premier League, then the parachute money stops - therefore if we get promotion this season then we only have received one amount of the money and won't receive any more!!! Therefore the only figure to look at, with promotion in mind, is the TV & position money - parachute money is just an afterthough added bonus for if we are unforunate to get relegation.