Pat Mountain's obviously doing some good work with our keepers too and we might end up losing him to a top club!

Why the sudden need to get everyone off the wage bill? We've made a profit every season since morgan has arrived and we've still got the parachute payment so even if we made a loss it would only be small and can be covered by previous profit. As you said if we sell hennessey we'd get bottom price because we're in league one then we'd need to buy a replacement if we got back to the premier league that would cost us a lot more

I think its because of the transfer embargo Mike if we don't get down to 60% of the wage bill.

I would like to see Henners stay as he would add the required experience needed to a young team. I doubt if Ikeme would stay as a number 2 tho.

So for me its Henners and McCarey.

I think it illustrates Ireland's lack of quality of keepers. Forde is our number 1, ffs.

I'm not sure Cotman is ready yet, even at this level and I fully expect us to go with 3 senior 'keepers in Hennessey, Ikeme and McCarey.

De Vries is surplus to requirements and I feel he'll go back to the Championship.

I'm not sure Hennessey will be 100% fit for the start of the season either, but we'll know for sure when the players return for pre-season training.

If we get promoted and if Hennessey does have a good season and if he regains the #1 spot, then we may well lose him to a Premiership club. By that time we could get a better fee for him.

Like I've said before, it's going to get very interesting once all the players return for pre-season training.

Exciting times ahead.

Tara, I think this 60% is somewhat of a red herring.

I realize that it's part of the Salary Cost Management Protocol that applies to League 1 clubs for next season. But the reality is, we should be well inside those guidelines.

Take last season for example. We had a turnover of income of around 65m. Our wages were said to be around 25m. That's just under 40%. So even if we have an income of only 45m this coming season, we can still pay 27m in wages.

We obviously won't be paying that much, so with players on high wages, leaving, I fully expect us to make another profit next season. More so if we're in a position to get promoted.

WITSS,

our turnover last season was nowhere near 65m. I think you've taken the figure from our latest published accounts, making the mistake that those accounts are published from the previous season when we were in the premier league.

we will have managed somewhere around £25m tops in our div 2 season (which accounts must be published by feb next year but 'headlines' should probably be released earlier to fit in with the fair play rules).

£16m parachute payment is by far the biggest turnover last year and this coming year. compare to the c£40m we picked up in the prem. then consider how little our wages have reduced in comparison. that's why we have a problem with the 60% cap.

Apologies then gb. I thought they were last seasons figures.

However I think our income for last season would be more than 25m.

Our gate receipts alone based on our average attendances would be in the region of 11m, plus the 16m for the parachute payments. We also sold Fletcher, Jarvis and Kightly which if that's included as income, is another 20m. Add sponsorship, merchandise, programme sales and we're over the 50m mark.

I agree though that this season our income will be down be quite a bit, to maybe 30m. So that's 18m in wages.

Sounds more realistic. Thanks for putting me right.

According to the E & S we made a profit of £2 million when we were relegated from the Prem.
http://www.expressandstar.com/sport/2013/04/19/wolves-and-west-brom-pay-2-3m-to-directors/

I wonder, going on your scenario, if we make more than that, will Moxey want to get promoted?

Anybody interested in SCMP or the FFP for the championship can be found here:

http://fcbusiness.co.uk/blog/?p=361

WITSS,

accounts for 2012 (all these are rounded by me):

turnover = £60m

gates = £8m
sponsorship = £5.4m
broadcasts = £6.2m
commercial = £3.9m
prem = £36m
other = £1m

lets assume the following for 2013:

gates = £6m
sponsorship = £1m
broadcast = £1m
commercial = £3m
prem = £16m
other = £0.5m

transfer fees in and out don't count towards turnover/expense as they are accounted for as capital assets/depreciation.

we will be lucky to get £4m from gates in div 3 - we already know season tickets are much cheaper than the prem and we have sold around 9,000 rather than 15,000.

we'll get next to nothing for broadcasts or sponsorship.

Reading through it again as long as we gain promotion and we break even then the 60% does not apply, as the L1 and L2 use different rules to the Championship.

So lets SPEND SPEND SPEND

Well that's 27.5m then gb. You've split the difference from my 30m prediction and your 25m.

We might get more than 2.5m from the transfer dealings. Sako alone will go for more than 2.5m, so I think it's fair to say we'll have income of over 30m.

That said, we may only have to trim the wages down to 20m and if we do shed Johnson, O'Hara, Foley and Ward that should cover the 5m.

WITSS,

sorry for the slow reply - but the 2013 figures were assumptions for the last season - i.e. 2013.

things will be a fair bit worse next season as gates will fall dramatically and with them so will commercial revenues. we'll be lucky to get more than a couple of games live on tv (at reduced revenue) so should get nowhere near the £1m I guessed at for this last year.

sheffield united are probably the closest easy comparison to wolves in terms of size in div 3. in the 2011-12 season, with an average home attendance of c19,000 they had a turnover of £10m. add on our £16m to that figure - we need to average maybe 18,500 per game to get to £25m turnover. unless we are top 6 for most of the season (possibly top 2) I don't see us getting those kind of gates.

and again WITSS in case you missed it, the sale of players is not income for turnover purposes. so when we sell sako for £4m and doyle for £2m and Jamie o'hara for a couple of quid, that will not increase turnover and will not mean we have a potentially higher wage bill.

"That said, we may only have to trim the wages down to 20m and if we do shed Johnson, O'Hara, Foley and Ward that should cover the 5m."

Think Witss is talking about the money we will save on wages gb not the sale of players.

"We might get more than 2.5m from the transfer dealings. Sako alone will go for more than 2.5m, so I think it's fair to say we'll have income of over 30m."

No Tara. WITTS is wrong again.

I expect de vries to leave.

Do not be afraid; our fate cannot be taken from us; it is a gift.

What if you have the ability to alter someone else's fate?

Do not be afraid, it is a gift.

Oh, I wasn't afraid.

"We might get more than 2.5m from the transfer dealings. Sako alone will go for more than 2.5m, so I think it's fair to say we'll have income of over 30m."

No Tara. WITTS is wrong again.
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Last time I stick up for anyone.

gb, excuse me for labouring on the point, but if transfer fees are not included in the "turnover" process, then where is that money shown in the accounts?

Many lower league clubs rely on the sale of their better players to survive.

Thanks for your intelligent input Deja. I eagerly await the day when you post something constructive.

Here's a constructive comment that will shine a light on something for those with comprehension difficulties.

comment by gb wolf (U17280) posted 17 hours, 38 minutes ago

WITSS,

"transfer fees in and out don't count towards turnover/expense as they are accounted for as capital assets/depreciation."

WTF is it you don't get from that statement?

Has that comment been productive?

You could of just said, Meccano, Deja.

Would it not be reasonable to see Hennesey loaned out to gain fitness, De vries shipped out because he isn't that good/seamed disinterested, Mcarey number 2 to Ikeme and Cotman kept as back up?