I am really baffled about where the money's gone

Worthy's transfer dealings over the years pretty much balance out. Working with public domain figures, he spent ?15,388,000, but he recouped ?13,770,000 - a gap of only ?1.5m. (Full list here if you want - User Posted Link

Now obviously I know that he will have spent lots of money on wages, of course he did. But that's a really balanced book of transfer FEES, and so that leaves the club's income free for other things - like wages, buildings and debt reduction.

My point is, we've had a LOT of income over the last three years. First there's the TV money, which on promotion is pretty substantial. Does anyone know how much the TV money is in the prem, with sources? I think it's at least ?15m when you're up, and two parachute payments of about ?6m each, but I can't source that. Anyway, it's a lot. Then there's the increased gate money - and we've been selling out for 4 seasons now - and increased commercial activity (higher sponsorship, more fat Chinamen buying shirts, etc).

So what I'm saying is that there's been a lot of income coming in and effectively NO net expenditure on transfer FEES. Yet there seems to have been no reduction in our debts, and we're constantly given the "no money available for players" line. We CAN'T have spent all that money JUST on wages, the South Stand and the infill, can we? Can we?

Posted By: Old Git, Oct 5, 09:55:36