Author Topic: Championship finances 2018/2019  (Read 437 times)

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Baggies

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Championship finances 2018/2019
« on: May 06, 2020, 12:29:20 PM »
https://twitter.com/KieranMaguire/status/1247778318432079874

This is nearly a month old now, but I’ve only just clocked it today. Kieran Maguire who runs the “price of football” twitter account (alon with the Swiss ramble, 2 of the best authorities in football finance around).

The table shows the Championship’s finance picture from last season. Quite pertinent in light of the talk around parachute payments. It turns out that we were the club with the highest revenue in the whole of the championship. That then has helped us to come out as the third lowest wage to income percentage ratio in the league, suggesting we are fairly safe financially.

Villa on the other hand could have been in very sticky waters had they lost in the playoffs. Eye watering.
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KN22

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Re: Championship finances 2018/2019
« Reply #1 on: May 06, 2020, 12:54:43 PM »
That's very interesting indeed. I am however not sure how the average wage is translated from the total wage bill. This applies to many of the clubs.

Albionic

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Re: Championship finances 2018/2019
« Reply #2 on: May 06, 2020, 03:24:10 PM »
not sure about that, it shows our revenue (70.8m) at @ 30%plus more than viles (54.3m), how so?
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gazberg

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Re: Championship finances 2018/2019
« Reply #3 on: May 06, 2020, 03:28:11 PM »
not sure about that, it shows our revenue (70.8m) at @ 30%plus more than viles (54.3m), how so?

Parachute payment much higher as 1st season out of PL.

Albionic

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Re: Championship finances 2018/2019
« Reply #4 on: May 06, 2020, 06:36:26 PM »
Parachute payment much higher as 1st season out of PL.

Doh !   thanks for that mukka
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Re: Championship finances 2018/2019
« Reply #5 on: May 07, 2020, 06:44:51 PM »
It is an ugly picture and regardless where we are in the hierarchy it is one that should give us pause for thought. It should be borne in mind that these numbers were for last season and there is nothing to suggest that prior to the shutdown that the situation would be much better and plainly post shutdown things will be a lot worse.

Rick Parry CEO of the EFL seems to believe that Parachute Payments are the problem. Well they might be or more likely they are a symptom of an underlying problem and just focussing on one issue that after all is halfway up the professional football pyramid is very unlikely to solve any of the issues. Much as FFP might not be solution to football's financial issues but  a unregulated free for all is likely to be worse.

Bottom line football clubs spend too much money on players regardless whether that's on fees or wages.  That applies as much to Messi, Neymar, and Ronaldo as it does to the Reading players I can't name off the top of my head who are earning £18k week.

 
« Last Edit: May 07, 2020, 07:00:23 PM by Standaman »
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