"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, Jun 3, 15:04:06