The heading to this post should read "99% of revenue on wages"
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...really interesting report from Deloitte's annual review of football finances:
http://www.dailymail.co.uk/sport/foo...ent-wages.html
- in successive seasons, Newcastle and Wolves gambled with FFP rules but succeeded;
- in the season just ended, Aston Villa's gamble failed and will face the consequences unless huge cuts are made;
- In the Premier League, only one club spent more than the recommended 70% of revenue on wages - now who was that, I wonder?
The heading to this post should read "99% of revenue on wages"
Considering the club's massive debt it would be sheer folly to gamble disproportionately in the hope of defying the odds and staying up. The very existence of the club could be at stake if it all goes wrong.
Add to that the fact that spending more than we earn each year can only end one way... When Tan came on board my one hope was that the club would become financially secure. I hope we take this opportunity to take a big step towards that.
The Premier League is a pointless league for any Club not in the top 6 and I'd take being relegated right now if we end up a much more stable club in financial terms and maintain the team spirit we have now. Give me the Championship in terms of excitement and uncertainty every time.