Our wage bill was massive compared to our turnover.
Yeah, true. But there was a chart the other week that showed pretty much every club outside the usual were at similar levels. We were not even top, or bottom. Lawn mowers and blue gravel I guess.
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Our wage bill was massive compared to our turnover.
Can you ever make a post without a snidy or sarcastic remark?Yup, apparently. It was ....... No, I will not reveal the total amount, cos you will not believe me. I will keep it confidential between Mosh and me.
He’s not a self made Billionaire though is he? He was an associate of a entrepreneur who had influence politically and made massive gains during the breakup of the Soviet Union and was given financially lucrative contracts which FM advised his friend in and in return was given a % of his friends growing empire which forms the basis of his Billionaire status. The guys was clearly a decent accountant but has been lucky and has shown you can be decent at one thing but absolutely clueless about another.How do we finally get a billionaire to buy us but end up in a worse state than we where before
Nearly every chart I've seen has us at the worst for wage to turnover ratios.Yeah, true. But there was a chart the other week that showed pretty much every club outside the usual were at similar levels. We were not even top, or bottom. Lawn mowers and blue gravel I guess.
Nearly every chart I've seen has us at the worst for wage to turnover ratios.
It's something ridiculous like 90-95% of our turnover.
Indeed a decent account operating in what is now widely known as the "mafia/gangster capitalism" state. Too generous!He’s not a self made Billionaire though is he? He was an associate of a entrepreneur who had influence politically and made massive gains during the breakup of the Soviet Union and was given financially lucrative contracts which FM advised his friend in and in return was given a % of his friends growing empire which forms the basis of his Billionaire status. The guys was clearly a decent accountant but has been lucky and has shown you can be decent at one thing but absolutely clueless about another.
Nearly every chart I've seen has us at the worst for wage to turnover ratios.
It's something ridiculous like 90-95% of our turnover.
this...all very wishy washy etc.Because it’s a scam
Maybe the dude from Qatar will win the bid at Manure and Sir Jim will buy us instead? Yes I am somewhat serious.Nothing will change until he is gone. There is no future for this club while he is involved.
Pretty much every other club, outside the top ones, are similar. Think Spurs are the lowest.
He bought 27,031 shares from existing shareholders at £5k each (cost £135m paid to the shareholders he bought from). The club issued a further 100,000 shares at £3k each for £100m in cash (payable to the club) and the conversion of £200m of existing debt (already received by the club)So do the new shares issued add or subtract from totals, because appears to do both.
Forgive my lack of understanding, im not an acccountant.