Do we know Forest's wage bill? Less than ours?
Does that £40m include club officials, , coaches, scouts, matchday staff etc ….. or just players?
Also, I thought Kiko was on £40k a week?
Who knows exactly what the £40m is but based on these figures i might apply to be a domestic at the club!
"Angus Kinnear has previously told the BBC about just how significantly the wage bill has grown since Radrizzani entered west Yorkshire but it’s still at a huge level and one that simply isn’t feasible going forward.
The Leeds owner said this week: “It’s financially not sustainable to keep this level of salary which is now over £30m, probably £33m with Marcelo and closer to £40m with the coaches.”
Reading that again it looks like the players wages account for close to £31m and Marcelo and coaches are actually closer to £9m!
I'll join you in the queue Kebab …… !!!
All a bit over my head to be honest
Just been looking through the 2017/18 accounts and if Leeds were to be promoted in 18/19 there were immediate payments of £7m for bonuses on transfers and £18m due to our players in bonuses.
£25m gone instantly.
Dont we still owe GFH, Bates and Cellino money if we get promoted too?
Are we still paying Terry Venables?
Is Darko Milanic still on garden leave?
and yet our rivals keep spending money.
Callum Robinson and Grosicki to West Brom
Heard this on Phil Hay podcast and had same reaction, Kebab.
I suppose you've got to think when Radrizanni took over the club, Cellino had stripped down non playing staff so much, laying off half the academy coaches. Will be much more spent on backroom staff (not just Bielsa's team), scouts etc. Add to that new contracts for key players, the calibre of signings - Casilla, Costa, Bamford, Douglas will be more expensive wages than what we used to get.
comment by Kebablegs (U17699)
posted 19 minutes ago
and yet our rivals keep spending money.
Callum Robinson and Grosicki to West Brom
----------------------------------------------------------------------
They got 35 million this season in parachute payments.
It all just points to the fact that the EFL is really very broken...in absence of parachute payments, clubs seem to get 2-3 seasons to take a shot at promotion (by spending beyond their means in order to compete)...and if you fail then you have to sell your best players / assets, rebuild for a few seasons, avoid relegation, and find a new owner to finance the next push (what i expect to happen to us if we fail to go up this season). The ony way around it is to have a consistently outstanding scouting/recruitment team where you can sell players for big money and replace them with excellent new talent (Brentford?). The gap in finances with the PL is just too large now...creates all sorts of problems for running a club in a sustainable way.
comment by Best Fans - ¡Leeds Carajo! (U2196)
posted 4 minutes ago
comment by Kebablegs (U17699)
posted 19 minutes ago
and yet our rivals keep spending money.
Callum Robinson and Grosicki to West Brom
----------------------------------------------------------------------
They got 35 million this season in parachute payments.
Reply | Add Comment | Complain | Share
comment by ruphio (U16205)
posted 2 minutes ago
It all just points to the fact that the EFL is really very broken...in absence of parachute payments, clubs seem to get 2-3 seasons to take a shot at promotion (by spending beyond their means in order to compete)...and if you fail then you have to sell your best players / assets, rebuild for a few seasons, avoid relegation, and find a new owner to finance the next push (what i expect to happen to us if we fail to go up this season). The ony way around it is to have a consistently outstanding scouting/recruitment team where you can sell players for big money and replace them with excellent new talent (Brentford?). The gap in finances with the PL is just too large now...creates all sorts of problems for running a club in a sustainable way.
--------------
after reading these two comments back to back, my first though is how Leeds have done to build a team / squad that's top of the league, also top most of last season too?
am I correct in this or have I missed something important here?
Is this official information or just what we’re told?
Find it impossible to believe our wages are £40m a year. Criminal if true.
The thing I struggle with is why we as a club need the owner to pump in 1m a month when we are practically selling out 35k every home game and must have a very solid marketing/sales program as a result.
I appreciate we don't have parachute payments like a WBA but I cannot envisage our accounts are that bad compared to other teams that we are leaking a million a month.
comment by Best Fans - ¡Leeds Carajo! (U2196)
posted 13 minutes ago
comment by Kebablegs (U17699)
posted 19 minutes ago
and yet our rivals keep spending money.
Callum Robinson and Grosicki to West Brom
----------------------------------------------------------------------
They got 35 million this season in parachute payments.
----------------------------------------------------------------------
and their wage bill was a reported £90m on 17/18 accounts.
comment by The Hayemaker (U14625)
posted 10 minutes ago
Is this official information or just what we’re told?
Find it impossible to believe our wages are £40m a year. Criminal if true.
----------------------------------------------------------------------
Im told Angus did a report in the last matchday programme saying as much and that we are on the brink in terms on FFP. Can anyone confirm this?
comment by Yorkie_116 (U2965)
posted 17 minutes ago
The thing I struggle with is why we as a club need the owner to pump in 1m a month when we are practically selling out 35k every home game and must have a very solid marketing/sales program as a result.
I appreciate we don't have parachute payments like a WBA but I cannot envisage our accounts are that bad compared to other teams that we are leaking a million a month.
----------------------------------------------------------------------
I think even with sold out home games and good surrounding sales, that money just pales insignificant compared to the TV money in the PL. Which is why a club like Bournemouth (with next to no matchday sales) can sustain a wage bill of £100m...and we, despite consistently higher matchday income and repeatedly being on sky sports, cannot sustain a £40m wage bill. The gulf between PL tv money and EFL TV money is frankly a mess ...exactly why Radz and other owners have been banging on about it to the EFL for years (ELF have cut a terrible deal imo).
It is said that to get out of the Championship you'd need to pump at least 100m in!..
The reason the Championship is the hardest league in the world to get out of, the money the Premiership generates makes it very hard and expensive for any team trying to get there!..
And wages and players we shout about on here, the ones we're not getting has that got nothing to do with their demands?..
I think they'll want more or less the same and in some cases more than Bamford!..
I am sure the bean counters among us can deepen our understanding of this. I suspect that the 1 million a month is a tax avoidance strategy, as Radz has more than one income stream coming from LUFC.
Also, there are a number of players who are being paid, despite the fact they never play for us. And there are a number of back room staff involved in training, scouting, marketing, revenue and maintenance. But how that adds up to 40 million is beyond me.
Leeds' staff will be on ludicrous wages in comparison to a lot of other teams' managers. I imagine the wage gap between Bielsa and his backroom staff compared to Thomas Frank or Alex Neil and their backroom staff will be absolutely massive.
Leeds will be paying PL wages to some of the better players, just like West Brom. But again, WBA can get away with it due to parachute payments, however that does run out eventually.
Teams gamble it and that's why they end up in so much financial trouble and this is why points deductions happen so much more often these days.
The risk and reward gamble is worth it to a lot of people who run clubs these days, because everyone knows just how rich a club can become and how it can sustain them for years to come as well.
Are we including bonus' in this discussion?
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£40m unsustainable wage bill
Page 1 of 1
posted on 31/1/20
Do we know Forest's wage bill? Less than ours?
posted on 31/1/20
Does that £40m include club officials, , coaches, scouts, matchday staff etc ….. or just players?
Also, I thought Kiko was on £40k a week?
posted on 31/1/20
Who knows exactly what the £40m is but based on these figures i might apply to be a domestic at the club!
"Angus Kinnear has previously told the BBC about just how significantly the wage bill has grown since Radrizzani entered west Yorkshire but it’s still at a huge level and one that simply isn’t feasible going forward.
The Leeds owner said this week: “It’s financially not sustainable to keep this level of salary which is now over £30m, probably £33m with Marcelo and closer to £40m with the coaches.”
posted on 31/1/20
Reading that again it looks like the players wages account for close to £31m and Marcelo and coaches are actually closer to £9m!
posted on 31/1/20
I'll join you in the queue Kebab …… !!!
posted on 31/1/20
All a bit over my head to be honest
posted on 31/1/20
Just been looking through the 2017/18 accounts and if Leeds were to be promoted in 18/19 there were immediate payments of £7m for bonuses on transfers and £18m due to our players in bonuses.
£25m gone instantly.
Dont we still owe GFH, Bates and Cellino money if we get promoted too?
Are we still paying Terry Venables?
Is Darko Milanic still on garden leave?
posted on 31/1/20
and yet our rivals keep spending money.
Callum Robinson and Grosicki to West Brom
posted on 31/1/20
Heard this on Phil Hay podcast and had same reaction, Kebab.
I suppose you've got to think when Radrizanni took over the club, Cellino had stripped down non playing staff so much, laying off half the academy coaches. Will be much more spent on backroom staff (not just Bielsa's team), scouts etc. Add to that new contracts for key players, the calibre of signings - Casilla, Costa, Bamford, Douglas will be more expensive wages than what we used to get.
posted on 31/1/20
comment by Kebablegs (U17699)
posted 19 minutes ago
and yet our rivals keep spending money.
Callum Robinson and Grosicki to West Brom
----------------------------------------------------------------------
They got 35 million this season in parachute payments.
posted on 31/1/20
It all just points to the fact that the EFL is really very broken...in absence of parachute payments, clubs seem to get 2-3 seasons to take a shot at promotion (by spending beyond their means in order to compete)...and if you fail then you have to sell your best players / assets, rebuild for a few seasons, avoid relegation, and find a new owner to finance the next push (what i expect to happen to us if we fail to go up this season). The ony way around it is to have a consistently outstanding scouting/recruitment team where you can sell players for big money and replace them with excellent new talent (Brentford?). The gap in finances with the PL is just too large now...creates all sorts of problems for running a club in a sustainable way.
posted on 31/1/20
comment by Best Fans - ¡Leeds Carajo! (U2196)
posted 4 minutes ago
comment by Kebablegs (U17699)
posted 19 minutes ago
and yet our rivals keep spending money.
Callum Robinson and Grosicki to West Brom
----------------------------------------------------------------------
They got 35 million this season in parachute payments.
Reply | Add Comment | Complain | Share
comment by ruphio (U16205)
posted 2 minutes ago
It all just points to the fact that the EFL is really very broken...in absence of parachute payments, clubs seem to get 2-3 seasons to take a shot at promotion (by spending beyond their means in order to compete)...and if you fail then you have to sell your best players / assets, rebuild for a few seasons, avoid relegation, and find a new owner to finance the next push (what i expect to happen to us if we fail to go up this season). The ony way around it is to have a consistently outstanding scouting/recruitment team where you can sell players for big money and replace them with excellent new talent (Brentford?). The gap in finances with the PL is just too large now...creates all sorts of problems for running a club in a sustainable way.
--------------
after reading these two comments back to back, my first though is how Leeds have done to build a team / squad that's top of the league, also top most of last season too?
am I correct in this or have I missed something important here?
posted on 31/1/20
how well*
posted on 31/1/20
Is this official information or just what we’re told?
Find it impossible to believe our wages are £40m a year. Criminal if true.
posted on 31/1/20
The thing I struggle with is why we as a club need the owner to pump in 1m a month when we are practically selling out 35k every home game and must have a very solid marketing/sales program as a result.
I appreciate we don't have parachute payments like a WBA but I cannot envisage our accounts are that bad compared to other teams that we are leaking a million a month.
posted on 31/1/20
comment by Best Fans - ¡Leeds Carajo! (U2196)
posted 13 minutes ago
comment by Kebablegs (U17699)
posted 19 minutes ago
and yet our rivals keep spending money.
Callum Robinson and Grosicki to West Brom
----------------------------------------------------------------------
They got 35 million this season in parachute payments.
----------------------------------------------------------------------
and their wage bill was a reported £90m on 17/18 accounts.
posted on 31/1/20
comment by The Hayemaker (U14625)
posted 10 minutes ago
Is this official information or just what we’re told?
Find it impossible to believe our wages are £40m a year. Criminal if true.
----------------------------------------------------------------------
Im told Angus did a report in the last matchday programme saying as much and that we are on the brink in terms on FFP. Can anyone confirm this?
posted on 31/1/20
comment by Yorkie_116 (U2965)
posted 17 minutes ago
The thing I struggle with is why we as a club need the owner to pump in 1m a month when we are practically selling out 35k every home game and must have a very solid marketing/sales program as a result.
I appreciate we don't have parachute payments like a WBA but I cannot envisage our accounts are that bad compared to other teams that we are leaking a million a month.
----------------------------------------------------------------------
I think even with sold out home games and good surrounding sales, that money just pales insignificant compared to the TV money in the PL. Which is why a club like Bournemouth (with next to no matchday sales) can sustain a wage bill of £100m...and we, despite consistently higher matchday income and repeatedly being on sky sports, cannot sustain a £40m wage bill. The gulf between PL tv money and EFL TV money is frankly a mess ...exactly why Radz and other owners have been banging on about it to the EFL for years (ELF have cut a terrible deal imo).
posted on 31/1/20
It is said that to get out of the Championship you'd need to pump at least 100m in!..
The reason the Championship is the hardest league in the world to get out of, the money the Premiership generates makes it very hard and expensive for any team trying to get there!..
And wages and players we shout about on here, the ones we're not getting has that got nothing to do with their demands?..
I think they'll want more or less the same and in some cases more than Bamford!..
posted on 31/1/20
I am sure the bean counters among us can deepen our understanding of this. I suspect that the 1 million a month is a tax avoidance strategy, as Radz has more than one income stream coming from LUFC.
Also, there are a number of players who are being paid, despite the fact they never play for us. And there are a number of back room staff involved in training, scouting, marketing, revenue and maintenance. But how that adds up to 40 million is beyond me.
posted on 31/1/20
Leeds' staff will be on ludicrous wages in comparison to a lot of other teams' managers. I imagine the wage gap between Bielsa and his backroom staff compared to Thomas Frank or Alex Neil and their backroom staff will be absolutely massive.
Leeds will be paying PL wages to some of the better players, just like West Brom. But again, WBA can get away with it due to parachute payments, however that does run out eventually.
Teams gamble it and that's why they end up in so much financial trouble and this is why points deductions happen so much more often these days.
The risk and reward gamble is worth it to a lot of people who run clubs these days, because everyone knows just how rich a club can become and how it can sustain them for years to come as well.
posted on 1/2/20
Are we including bonus' in this discussion?
Page 1 of 1