watford are in the s**t at the mo

but what is that to do with their ability to get promoted with a smaller wage bill than NCFC?

Deloitte say that a safe wages / turnover ratio is 55% -not once in ten years have we had a ratio that low.

Indeed, the only seasons when our ratio has been below 65% are 01/02 (the play-off bonus) and the Sky tv money years (04, 05 & 06).

Put simply, of the 32 millions from Sky we spent all bar 2.7 million on PLAYER wages.

Posted By: east of hampstead, Sep 18, 14:25:32