Icecream Snow 761 Posted June 12, 2017 From the Pinkun Front Pagehttp://www.pinkun.com/norwich-city/reality-bites-the-figures-that-show-why-norwich-city-are-having-to-do-things-differently-this-summer-1-5055886I''m guessing Michael Bailey is being fed the figures by Stuart Webber to justify all the inevitable sales that are coming. But it''s pretty staggering if we didn''t really buy anyone (the Redmond sale paid for Pritchard, Canos and Oliveria), we started with an overdraft of £3million, got £41 million in parachute payments, and ended the season £8million overdrawn. Share this post Link to post Share on other sites
TIL 1010 4,746 Posted June 12, 2017 The wallet is empty. [:D] Share this post Link to post Share on other sites
lake district canary 4,531 Posted June 12, 2017 Wages. Around £44m. Simples. Share this post Link to post Share on other sites
Jim Smith 2,317 Posted June 12, 2017 All of which makes last season''s inertia from the board even more inexcusable.That said the article says our wage bill was around £34m at the end of last season (that sounds a bit low to me but Bailey must have got it from somewhere) and the 7 departures will have brought that down by a further £10m or so. Our income as a championship club with no tv money will be around £24m per annum if season ticket sales hold up so I still don''t see the need for any fire sale given we have £31 in parachute payments this season and I will not accept us selling off any player we think we can get a bit of cash for. The need to plan ahead is obvious but we are clearly back in the good old "prudence with ambition" days and this season there needs to be enough of the latter as this could be our last chance to get back up for a while. Share this post Link to post Share on other sites
Jim Smith 2,317 Posted June 12, 2017 £31m that should say! if it was £31 then the need for sales would probably be a bit more pressing! Share this post Link to post Share on other sites
PurpleCanary 5,560 Posted June 12, 2017 [quote user="Jim Smith"]All of which makes last season''s inertia from the board even more inexcusable.That said the article says our wage bill was around £34m at the end of last season (that sounds a bit low to me but Bailey must have got it from somewhere) and the 7 departures will have brought that down by a further £10m or so. Our income as a championship club with no tv money will be around £24m per annum if season ticket sales hold up so I still don''t see the need for any fire sale given we have £31 in parachute payments this season and I will not accept us selling off any player we think we can get a bit of cash for. The need to plan ahead is obvious but we are clearly back in the good old "prudence with ambition" days and this season there needs to be enough of the latter as this could be our last chance to get back up for a while.[/quote]Jim, it depends what Bailey means by "wage bill". For comparison, in the 2014-15 season, in the Championship, our overall wage bill was around £48.5m, but the player wage bill was about £34m. If Bailey means the latter then that would make rough sense, although one might have expected a bit of inflation to make the figure for the season just gone a touch higher. Share this post Link to post Share on other sites
Fuzzar 1,702 Posted June 12, 2017 Surely it always has to be prudence with ambition, regardless of the division we''re in. You could argue we should have been much more prudent before we bought RvW, Naismith and Wildschut. Share this post Link to post Share on other sites
daly 501 Posted June 12, 2017 Perhaps we can replace Balls with CorbynHe can magic up money Share this post Link to post Share on other sites
Hairy Canary 704 Posted June 12, 2017 It''s not just about balancing the wages with income, which using ball park figures is pretty much what we have done with the release of the 7. It''s also about generating enough funds to bring in players in other areas that we simply have to address if we are to be serious contenders. We need one (or maybe two) left backs and central defenders. On top of that we look in need of a defensive midfielder.On paper we would get shot of Jarvis, Naismith, and Wildschut but who is going to come in and pay the wages they are currently on. Unfortunately that means we are looking to sell some of our better (all-be-it older) squad members such as Jerome, Howson and Dorrans.Tough decisions to have to take which only goes to show what an unbalanced pigs breakfast of a squad AN left us with. Share this post Link to post Share on other sites
Coq au vin 0 Posted June 12, 2017 In all fairness to the Alex Neil School of Transfer Excellence, he did adopt a fair few stinkers bought in Neil Adams'' and the Hughton tenure. He also seem to have no nous or contacts in the transfer market - this could have also been down to the poor recruiters in Darnborough and that other guy. A perfect sh!T storm if you will, the fault of which can also be laid at McNally''s doorstep. Share this post Link to post Share on other sites
BroadstairsR 2,164 Posted June 12, 2017 A lot of very good youngsters were brought on board during AN''s tenure.Unfortunately he seemed to have a blind spot with regards to the real needs of his first team squad. Share this post Link to post Share on other sites
Captain Birdseye 0 Posted June 12, 2017 Unfortunately we have a financially illiterate boardWe are going to hell in a hand cart let we tell you we are going to hell in a hand cart Share this post Link to post Share on other sites
Coq au vin 0 Posted June 12, 2017 With or without scampi? Share this post Link to post Share on other sites
Old Shuck 183 Posted June 12, 2017 "Financially illiterate board"-I wish all of my bank accounts and properties demonstrated the same level of ''financial illiteracy'' as theirs! Share this post Link to post Share on other sites
It's Character Forming 1,160 Posted June 12, 2017 [quote user="BroadstairsR"]A lot of very good youngsters were brought on board during AN''s tenure. Unfortunately he seemed to have a blind spot with regards to the real needs of his first team squad.[/quote] True, and an obsession with buying attacking midfielders ! Share this post Link to post Share on other sites
Faded Jaded Semi Plastic SOB 1,023 Posted June 12, 2017 Perhaps we can get May onto the board (she might be out of a job soon), she can magic up money, she will just not tell us how much it will cost us until after she is appointed..... Share this post Link to post Share on other sites
Donkey dangler 0 Posted June 12, 2017 It will be interesting to see in the next Annual Report of NCFC Plc how much of the £17m+ contingent liabilities have actually become liabilities during this season. Share this post Link to post Share on other sites
Donkey dangler 0 Posted June 12, 2017 Dont forget the wise words of Highland Canary. Share this post Link to post Share on other sites
Lessingham Canary 99 Posted June 12, 2017 @ Donkey Dangler wrote;-Dont forget the wise words of Highland Canary. Went something like;-"If you cant fly then run, if you cant run then walk, if you cant walk then crawl, but whatever you do, you have to keep moving forward" If it wasn''t Highland it was someone equally famous. Share this post Link to post Share on other sites
westcoastcanary 173 Posted June 12, 2017 [quote user="Donkey dangler"]Dont forget the wise words of Highland Canary.[/quote]Indeed, everyone should have "You couldn''t make it up!" writ large on their desk, fridge door, or wherever. Share this post Link to post Share on other sites
komakino 272 Posted June 12, 2017 The club wasted LOTS of money (or use a less savoury expression) while in the PL and last year. The board were - and still are - not geared up for the PL. They lack basic fundamental principles and are almost paralysed with the fear of it. The club is being downsized. Now, that is not necessarily a bad thing. We tend to work better with less resources and the club certainly needed to be efficient. The downside is that should the club ever regain their PL status, it will be done on the cheap. Secondly, the club will then need to spend which they will not do, so we will be back to Square One. This maintains Delia''s comfort zone of NCFC being a upper tier Championship Club.The end. Share this post Link to post Share on other sites
Andrew Spanton 1 Posted June 12, 2017 Without making any comment on how we got to where we are, I thought that it would be useful to put some numbers to the somewhat lacking in substance Archant article.We all know that the club is facing difficult financial decisions, but just how much do we need to trim the wage bill in order to "live within our means"?As I am the kind of saddo who does this kind of thing and there is not a lot to do in the close season, I have attempted to forecast the club''s profit & loss over the next couple of years. In the true spirit of fag-packet accountancy (or spreadsheets as we call them now), you are welcome to dissect the following and draw your own conclusions.NCFC P&L Actual Forecast Forecast Forecast Prem Champ Champ ChampYear ending Jun-16 Jun-17 Jun-18 Jun-19Championship TV revenue 0 2100 2100 2100EPL solidarity payments 0 0 0 4464EPL TV revenue 70165 40916 33476 0Gate receipts 11509 11000 11000 11000Media 139 0 0 0Catering 4370 4100 4100 4100Commercial 9955 8000 8000 8000UEFA solidarity & prizes 825 800 800 800Other 853 800 800 800 Total operating turnover 97816 67716 60276 31264Other operating income 2741 500 250 250Player wages % of t/o 55% 65% 55% 45% Player wages 53799 44015 33152 14069Other wages 13394 13000 12500 9000Net player trading 1160 3500 0 0Operating expenses 17989 14500 14000 10000Total costs 86342 75015 59652 33069JV profit and asset disposals 4 PBIT 14219 -6800 874 -1555Looking at player wages in isolation, we will have a to reduce costs by c£11m in the coming year and then by a further c£9m if we are still in the championship in 2018/19.To put it another way our player wage budget will fall from £54m in our prem season to around £14m the season after next if promotion is not achieved. Quite a scary thought!This is just an educated guess of course but interesting for fellow saddos to mull over.Apologies if the table doesn''t display properly, I''ve been messing around with this stupid thing for ages. Share this post Link to post Share on other sites
Andrew Spanton 1 Posted June 12, 2017 OK, that didn''t work. Anyone know how to copy and paste a table without losing the formatting? Share this post Link to post Share on other sites
Nuff Said 5,141 Posted June 12, 2017 Copy and paste a picture of it? Share this post Link to post Share on other sites
Andrew Spanton 1 Posted June 12, 2017 I tried that but it didn''t allow me to paste the picture in the message. Is there a way of doing that? Share this post Link to post Share on other sites
YankeeCanary 0 Posted June 12, 2017 [quote user="Andrew Spanton"]I tried that but it didn''t allow me to paste the picture in the message. Is there a way of doing that?[/quote]You do realize that your attempted input is the domain of Purple Canary. Expect a post from him shortly suggesting that your posting of Swiss bank account numbers should be moved to the non-football section. [:D] Share this post Link to post Share on other sites
Andrew Spanton 1 Posted June 12, 2017 I am well aware of Purple''s prowess on this site. Perhaps the font of all knowledge can shed any light on how to post a table or even a picture of a table???? Share this post Link to post Share on other sites
westcoastcanary 173 Posted June 12, 2017 [quote user="Andrew Spanton"]I tried that but it didn''t allow me to paste the picture in the message. Is there a way of doing that?[/quote]I just copied & pasted a png format image of the 2017 Championship Table into the body of a test message. Worked fine. Not sure why you should have a problem with it. Share this post Link to post Share on other sites
Andrew Spanton 1 Posted June 12, 2017 I can''t seem to be able to do that in Chrome. What are you using? Share this post Link to post Share on other sites
westcoastcanary 173 Posted June 12, 2017 Safari, set up with Firefox user agent. Share this post Link to post Share on other sites