"Football is dead" /3.1 billion debt and Norwich City...

Interesting if you compare the figures from last year's promoted clubs

Financial year 07/08

Norwich: Turnover 10.9m / Wages 6.7m / Ratio 61.%

Stoke: Turnover 11.2m / Wages 11.9m / Ratio 106%
WBA: Turnover 27.2m / Wages 21.8m / Ratio 80.1%
Hull: Turnover 9m / Wages 6.9m / Ratio 76%
(n.b. this is for 06/07 - Guardian says their main investor put 6M in last year which would have taken their wages to around 12m)

It seems you need at spend at least 10 - 12 million to get promoted at the moment. And some luck, a settled team etc.

We spent just over half of that so it is no surprise that we struggled, along with having Grant etc.

Neither our season ticket holders nor our commercial activity seems to give us a particular advantage it just stems the losses a little and helps cashflow.

What is sobering is that the 8.5m we spent on wages this season was the most that we have ever spent on wages in the Championship and we went down. I didn't also realise that the playing budget had originally been set at 10M but was then trimmed. That should have put us in the top half, with a competant manager and no injuries.

Maybe the budget cut is also why Roeder ended up missing out on some of his targets and ended up with too many loans

See story here:
User Posted Link

A good site for those interested in the political economy of football.

Posted By: Cart Gap Disco on June 3rd 2009 at 15:04:06

Message Thread

"Football is dead" /3.1 billion debt and Norwich City... (NCFC) - Cart Gap Disco, Jun 3, 15:04:06
- I prefer this one (NCFC) - jayson blair, Jun 3, 15:44:00
  - Just think Fozzie was on 10'000 a week! (NCFC) - EtuWHO, Jun 3, 15:45:31
    - No, he wasn't (n/m) (NCFC) - Yellalee, Jun 3, 15:49:50
      - What was he on? (NCFC) - EtuWHO, Jun 3, 15:53:15
        
        Nope (n/m) (NCFC) - Yellalee, Jun 3, 15:54:34
        
        All I know is he was not worth fuck all (n/m) (NCFC) - EtuWHO, Jun 3, 16:00:38
        
        so he was worth alot then? (n/m) (NCFC) - Charles21, Jun 3, 16:04:16
        
        Worth shooting for being lame! (n/m) (NCFC) - EtuWHO, Jun 3, 16:05:14
- It is not just Roeder who has missed out on his targets (NCFC) - EtuWHO, Jun 3, 15:22:25
  - Don't agree... (NCFC) - Cart Gap Disco, Jun 3, 15:30:43
    - Worthy may have spunked the money (NCFC) - EtuWHO, Jun 3, 15:52:17
    - Did Worthy spunk that much after we came back down? (NCFC) - Dr Baker, Jun 3, 15:49:58
      - It wasn't our wage bill has never been near that in the chumps (NCFC) - megson, Jun 3, 15:59:30
- That can't be right. Hull didn't spend that much cause they had no massive transfer fees (NCFC) - megson, Jun 3, 15:18:09
  - Hull's figures dodgy because they haven't filed their accounts (n/m) (NCFC) - Cart Gap Disco, Jun 3, 15:33:26
  - ?5m for sicknote (n/m) (NCFC) - SCC 28, Jun 3, 15:21:17
    - whoosh (n/m) (NCFC) - megson, Jun 3, 15:25:08
      - only read the title lol (n/m) (NCFC) - SCC 28, Jun 3, 15:26:39
        
        and on reading the message (NCFC) - SCC 28, Jun 3, 15:27:38
        
        oh i've read the last few lines (NCFC) - SCC 28, Jun 3, 15:28:19
        
        lol, i'll explain better next time. (n/m) (NCFC) - megson, Jun 3, 15:41:59
        
        they say sarcasm is the lowest form of humour (NCFC) - Ken Dodds Dads Dog, Jun 3, 15:32:17
        
        sarcasm is the best! (n/m) (NCFC) - SCC 28, Jun 3, 15:33:51
    - so (NCFC) - SCC 28, Jun 3, 15:23:35
      - And they stayed up! (n/m) (NCFC) - EtuWHO, Jun 3, 15:24:09

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