blackpool only one to make a profit
piggies lost 3.7million, wage bill was 11.9million :O
etc etc - view external link
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blackpool only one to make a profit
piggies lost 3.7million, wage bill was 11.9million :O
etc etc - view external link
Frightening statistics. Can't help thinking that the day of reckoning approaches for many clubs
Quote:
Originally Posted by Deepmidwinter
makes you wonder how some are still trading as they are clearly insolvent :s
the government must take in a good rake to allow it to continue
They cant all have a "Mug" Bank to write off debts :blue:Quote:
Originally Posted by Deepmidwinter
About 8 years ago a bank here in the US (the 6th largest) offered me a mortgage that was 12 times my annual salary - needless to say, shortly afterwards they went out of business in a big, big way.Quote:
Originally Posted by Deepmidwinter
I trust that TS, SE and our bankers won't have their heads swayed by the shiny lights of the Premiership.
About 8 years ago a bank here in the US (the 6th largest) offered me a mortgage that was 12 times my annual salary - needless to say, shortly afterwards they went out of business in a big, big way.Quote:
Originally Posted by CAMiller
I trust that TS, SE and our bankers won't have their heads swayed by the shiny lights of the Premiership.[/quote]
we had them here CA that would just tell you put down what you earned with no proof needed (halifax) the guy that bought a house off me in 2007 got a morgage for 190k on a "self certification" morgage ... the house was repossessed last year :/
Blackpool and Watford have managed okay on (relatively) modest wage to income ratios (and not particularly massive crowds) - the rest read like a impending motorway pile up...
I don't run my businesses like that...wage bills 30-35% absolute max. - usually lower...
These figures are for the 2012-2013 season
Wolves, with a wage bill of 31.1 million got relegated.
Oh the irony, you posting about something interesting.
Give it a rest you boring b*stard
Quote:
Originally Posted by wrighty_1
who is that intended for ?