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Re: Luton
Unless they keep developing a £5m player every year, I'm not so sure it is sustainable.
They have a wage bill that exceeds turnover in 2020 and 2021. Their next set of accounts will reflect what they did last season and will be a better gauge. They did bring a lot of experience in so it will be interesting to see if the wage bill was higher than the previous 2 seasons which was circa £14m a season.
It's a risky strategy but it nearly got them to the premier league last season. That brings them exposure which puts their playing assets in the shop window. So it's not a completely crazy approach like we've seen at the piggies, Derby, Reading etc.
Yes indeed it us a risky strategy and it's a race that only pays out for 1,2 and 3 no matter how many runners there are. As more clubs take the " risk it" route the more difficult it becomes for the others who then feel obligated to spend even more.
Like chasing losses at a casino
What do folks think our average wage is at present? I would say it's about 5.5 k .I might be way out but what do others think?
If that is the case, our yearly wage bill based on an average 4k a week for a squad of 24, would be less than 5 million.So we have quite a bit of scope to improve certain players' contracts,knowing that the 7 million we receive from the EFL to offset increased wages leaves us with at least 2 millon to spend on futher improvement of the squad.