The wages situation is interesting. We spent £63.5 million on wages in 2012, down ever so slightly to £63 million in 2013. That still represents a very high figure relative to our turnover, when you consider that a good figure is said to be 50%, and ours is well over 70%.
For all those people saying "what about the TV money..." there is your answer. It's going on wages.
Here are the numbers for 2012 and 2013
2012
We lost around £9 million last year, of which £4 million was interest on debt
2013
This last year, we made a £700k profit on operating business + around £5 million on player trading - the £4 million debt payments, so ended up with a profit of £1.5 million or so
The moral of the story therefore is that most of the we probably have perhaps £13 million surplus after trading and debt this year, minus whatever McGeady cost and whatever we paid for the four loan players we've acquired.I've no idea how much the loan fees are, but considering the Mail are reporting Blackpool getting 250k for Ince, it's perhaps not a stretch to assume that between those and McGeady that £13 million is down to maybe £6-7m.