Is their wage bill to turnover as precarious as our 77% which is the highest in the top 5 leagues with Roma 2nd with 71%.
It seems their wages are going up in line with their turnover which for all business is a good sign of stable financial progress, so a £50 million increase isn't that negligible when a turnover has gone up to nearly £450-£500 million range from the £360 million range in the last turnover results.
EDIT
I just looked it up on Swiss Ramble and their wages to turnover last season was at 57%, in their next results factoring in CL revenues they are going to be adding a extra 100 million easily expected in the coming turnover results range so they will still be below 60% and that is factoring in a a £50 million wages increase that
@Steve0 alluded to.
I cannot see any financial predicament for them loking at the swiis ramble piece on Twitter, they also have a huge kit deal that was in the papers last week expected to be the biggest in the PL with Nike and Adidas in a bidding war that will boost their coffers more.
I think it helps for them for financial stability that they have former wall street hedge funders owning them i have to say.
Wages going up with turnover is ok if the turnover is predictable, with the greatest will in the world not even many kopites are predicting another CL final or another £150m sale.
Liverpool's predictable income is about the £360m they got in 2017, it really won't have risen much more than that. Wages of £210m in that year, that has risen drastically since then.
Let's say to £260-£275m? 275/360 takes it up to a precarious 76%. Our wage bill will have come down since that year as a lot of it was expensive signing-on fees. So good news my blue friend, their wage/turnover ratio is going to be a lot worse than ours once exceptional items are taken into consideration.
Also our commercials deals, as percentage, are rising higher than Liverpools. New kit deal due next year. The £5m for the training ground. The sleeve sponsor. Sport Pesa tripling our shirt sponsorship deal.
A new kit deal is likely but there's still over a year to run with this one. Other than that commercial deals are maximised imo.
So let's call the predictable income - £45m shirt sponsorship, £65m kit deal, Match day income £65m, EPL tv and prize money = £140m = £315m altogether. Very likely to be more than that but even if they were to win the CL ( lol lol lol) it's not going to surpass £500m; the only thing that will let them do that is player sales. Basically £365m is their limit tbqh.
Then there's the debt and the £9million a year it's costing to service (likely to rise).
So a superficially good 'profit' this year but utterly unsustainable.
A host of players set to leave on frees.
An almost out of control wage structure.
An ever growing debt.
A small and deceptively old squad.
The lack of quality in the squad is exposed every time Klopp rests a handful of players in the domestic cups. A couple of injuries/loss of form/ an ordinary amount of luck would be catastrophic. With Mane and Salah spending their summer in Africa this year it could create problems next year.
The core of their team has passed their peak age so there's no improvement likely.
Liverpool fans should enjoy this season for all its worth because the future, I'm sorry to report, looks very, very bleak indeed. It's a shame really, they've spent more than any other team without winning their domestic league....over £1bn and counting but the next few years are going to be very interesting.
Sorry mate, Koppite and weird are just completely synonymous.
