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| Where is the money coming from? | |
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| Tweet Topic Started: Jun 27 2014, 04:38 PM (692 Views) | |
| thetoot | Jun 27 2014, 04:38 PM Post #1 |
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Frank Worthington
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O.K, I need some help with this. Blues have made lots of new signings this summer (Is it 10 now?) - but where has the money come from to do it? Have I missed something somewhere? :unsure: |
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| lowdham bluenose | Jun 27 2014, 04:47 PM Post #2 |
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Joe Bradford
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65k per week released from Zigic not being on the pay roll. |
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| Blacksmith | Jun 27 2014, 04:55 PM Post #3 |
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Jeff Hall
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As Lowds says, with our wage cap at £5k we can get 13 players for the £65k Zigic was earning. There is also the wages we won't be paying Chris Burke to take into account. The other major factor is that we've not had to buy any of the players. We only have to pay their wages. |
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| aj18er | Jun 27 2014, 07:58 PM Post #4 |
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Geoff Horsfield
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There will still be money coming into the club from sponsorship deals, season ticket sales etc, despite what people want to believe the money the club is generating is used for the running of the club... |
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| Bluediver | Jun 27 2014, 08:41 PM Post #5 |
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Alex Govan
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A number of sources, including sponsorship and ST sales. Sell 7,000 ST's and you've got somewhere approaching £3m. That will probably pay the players wages for most of the season (I'm guessing that most of the established players will be on somewhere averaging around £5k a week, and the young kids who have just turned professional will be on a fraction of that). Other gate receipts and sponsorship will help with other outgoings. We're not a club with massive debts to service. |
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| Richyc89 | Jun 28 2014, 11:12 AM Post #6 |
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Ian Bennett
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Don't forget Wade, Ambrose, Mullins and Lovenkrands off the wage bill. |
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| Engleman | Jun 28 2014, 11:29 AM Post #7 |
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Malcom Page
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I think you'll find that it was me that posted that calculus realising 13 5k players from the savings of Zigic's wage on another thread after posting the same question before it - it was always the outcome we should expect once free of the Serb's wages! **thumbup |
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| bluenosewelsh | Jun 28 2014, 01:40 PM Post #8 |
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Geoff Horsfield
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.... and Burke. |
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| Lewis | Jun 28 2014, 04:39 PM Post #9 |
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Paul Tait
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There is also more stability in the club with the reshaping of the ownership structure. Not exactly big new investment, just less of a pending threat to our finances. I can see this being a gradual positive turn around, unless a fairy godmother does appear. In some was I would prefer the organic growth of the club under the current ownership. Fairly godmother have a nasty habit of turning into evil witches overnight. |
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| Ian | Jun 28 2014, 08:24 PM Post #10 |
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Alex Govan
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The structure hasn't brought stability Lewis, its created another tier of management and added a wage to the budget. The threat to our finances hasn't changed either unless you are aware of a cash injection that nobody else is? Its the same budget just spent differently, no great mystery and its not down to anything the club have done its simply Zigic's contract naturally expiring. One week of Zigic's £65K a week wages = 13 £5K players wages. Its not investment its necessity, we needed playing staff because of all the frees going back to their parent clubs and the old heads being released/ leaving. |
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| Lewis | Jun 29 2014, 03:41 PM Post #11 |
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Paul Tait
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I could argue the point Ian, but I see no point in doing so, you obviously know much better than I do. Time will tell. |
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| pooley | Jun 29 2014, 06:03 PM Post #12 |
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The Icon
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Debate the point - not argue (Semantics editor) |
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| Ian | Jun 29 2014, 06:06 PM Post #13 |
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Alex Govan
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Discuss away Lewis it's a forum? I don't see anywhere else the money would have come unless you know different?? |
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| garconsavage | Jun 30 2014, 01:48 PM Post #14 |
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Geoff Horsfield
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A lot of people on here are obsessed with the idea that every penny that Blues are turning over is being syphoned off to Hong Kong. Here's a thought. Perhaps BIHL have had a "Damascus Moment" become overwhelmed by guilt and sent some of the money back!!!!!!!!!!! |
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| Aussiebrum | Jun 30 2014, 11:21 PM Post #15 |
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Mikael Forssell
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I really don’t know where you secure your “facts” from. The publicly available details show BIHL showing a negative 12 month return of 22.70% (source: Bloomberg). Earnings per share are negative 0.0277 with the average 30 day volume being a miserly 40m shares. Our Chairman Mr Cheung Shing and Vice Chairman and Executive Director Mr Ma Shui Cheong haven’t even set foot in StAndrews while pre-season training commenced yesterday without new owners nor any increased investment. Something as sophisticated as a real medium term strategy, a real multi media plan or even a serious branding strategy seem like a pipe dream. With some 7,000 others I’ve renewed my ST despite the terrible owners; we love our team and we love the shirt. But there is hardly “more stability” in fact with the uncertainty over the ownership you could justifiably argue we have less stability. But the lads are back in training, the ladies had a great win so lets keep dreaming. |
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| thetoot | Jul 1 2014, 06:25 AM Post #16 |
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Frank Worthington
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Thanks guys - lets hope we can build something this season, we really need some stability to the team. Surely we can't be continuing this sort of player turnover season after season? |
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| lowdham bluenose | Jul 1 2014, 07:13 AM Post #17 |
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Joe Bradford
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Nah, it's the £65k per week freed up from Zigic. I just wish Hughton would have had that £65k per week available to him. |
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| canadian brummie | Jul 1 2014, 11:06 AM Post #18 |
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Malcom Page
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He spent millions at Norwich and was still about to get them relegated, before he got fired that is. |
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| bluenosekev | Jul 1 2014, 11:15 AM Post #19 |
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Gil Merrick
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Not bothered how he did with Norwich. CH was brilliant for us. LC has been rubbish for us. *paper* |
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| Mirkwood55 | Jul 1 2014, 11:22 AM Post #20 |
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Geoff Horsfield
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It was reported some time back that Ziggy's wages would not be factored in to the wage bill for new players. The overall money available for paying players for this season does not include the amount he was being paid per year. |
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| canadian brummie | Jul 1 2014, 11:30 AM Post #21 |
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Malcom Page
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Your opinion only. Different squad. It's like comparing Apples to Oranges and all that. Anyway we are getting off topic. |
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| garconsavage | Jul 1 2014, 11:32 AM Post #22 |
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Geoff Horsfield
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Lowdown you really are like a broken record(you remember vinyl). You've used the £75K we're saving as a reason for all sorts of outcomes on several posts on different sites. You'll be saying that us not paying the Serb is responsible the upturn in the UK Economy next. You obviously don't own a sense of humour. I WAS BEING IRONICAL!!!!!!!!!!!!! :rolleyes: :rolleyes: :rolleyes: |
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