Biggest take away from this is that net debt increased £101million in 12 months!

The club are haemorrhaging money at a colossal burn through rate.

comment by TheBlackCountry (U22512)
posted 4 minutes ago
Biggest take away from this is that net debt increased £101million in 12 months!

The club are haemorrhaging money at a colossal burn through rate.
----------------------------------------------------------------------
you are approaching maf levels of thickness

comment by South Side (U20009)
posted 29 minutes ago
"We shall continue to invest in our senior management and our staff to deliver this and look to decrease our reliance on football revenues alone, such that we protect our Club’s long-term sustainability."

Football revenues? Does that include gate and prize money?

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That's what it sounds like SS.

Investing more in senior management & non footballing staff and decrease reliance on football revenues.

So no increased investment in the team. Looks like Levy & ENIC are gearing up to phase out the footballing side of the business altogether.

Makes sense though, with extra income from more boxing matches & concerts and possibly more NFL games whilst not having to pay 100s of millions on player purchases/wages per year they can instantly double/triple their annual profits for zero additional outlay.

comment by TheBlackCountry (U22512)
posted 13 minutes ago
Biggest take away from this is that net debt increased £101million in 12 months!

The club are haemorrhaging money at a colossal burn through rate.
----------------------------------------------------------------------
Mate - who hurt you?

comment by TheBlackCountry (U22512)
posted 8 minutes ago
Biggest take away from this is that net debt increased £101million in 12 months!

The club are haemorrhaging money at a colossal burn through rate.
----------------------------------------------------------------------

Wolves are nearly £300m in debt, what do they have to show for that?

comment by TheBlackCountry (U22512)
posted 16 minutes ago
Biggest take away from this is that net debt increased £101million in 12 months!

The club are haemorrhaging money at a colossal burn through rate.
----------------------------------------------------------------------

Slack cunnnty, completely incapable of reading into a balance sheet and understanding that

A) COVID has an impact
B) The club is making money hand over fist now that the gates are open again

We are making tons of money you twit

comment by פlǝuƃɥᴉs (U19365)
posted 10 seconds ago
comment by South Side (U20009)
posted 29 minutes ago
"We shall continue to invest in our senior management and our staff to deliver this and look to decrease our reliance on football revenues alone, such that we protect our Club’s long-term sustainability."

Football revenues? Does that include gate and prize money?

----------------------------------------------------------------------
That's what it sounds like SS.

Investing more in senior management & non footballing staff and decrease reliance on football revenues.

So no increased investment in the team. Looks like Levy & ENIC are gearing up to phase out the footballing side of the business altogether.

Makes sense though, with extra income from more boxing matches & concerts and possibly more NFL games whilst not having to pay 100s of millions on player purchases/wages per year they can instantly double/triple their annual profits for zero additional outlay.
----------------------------------------------------------------------

No. Wrong interpretation.

What they are saying is that as we increase revenues, a greater proportion will be from non-football sources.

The purpose of this is that it is the non-football revenues that make the difference. We can fill the ground, take the TV money, sell drinks and burgers but every club does that. The ability to make revenue from conferencing, other sporting events sets us apart, gives us revenue streams other clubs do not have.

It also, long term, protects us if football revenues fall, if TV money goes down then we maintain that competitive advantage achieved through a diversified range of revenues.

a quick google suggests that wolves debt has increased by 145% since 2018

nothing to show for that apart from a greasy armed winger who puts crosses into the stands

Looting mugs!

nothing to show for that apart from a greasy armed winger who puts crosses into the stands


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brilliant !

comment by TheBlackCountry (U22512)
posted 1 minute ago
Looting mugs!
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why are you here?

comment by Chronic (U3423)
posted 29 seconds ago
comment by TheBlackCountry (U22512)
posted 1 minute ago
Looting mugs!
----------------------------------------------------------------------
why are you here?
----------------------------------------------------------------------

To get some votes for Craptors fun comp.

comment by Chronic (U3423)
posted 25 seconds ago
comment by TheBlackCountry (U22512)
posted 1 minute ago
Looting mugs!
----------------------------------------------------------------------
why are you here?
----------------------------------------------------------------------

He's not here. He's back in 2011 when looting jokes were funny / relevant.

comment by Devonshirespur (U6316)
posted 59 seconds ago
comment by Chronic (U3423)
posted 25 seconds ago
comment by TheBlackCountry (U22512)
posted 1 minute ago
Looting mugs!
----------------------------------------------------------------------
why are you here?
----------------------------------------------------------------------

He's not here. He's back in 2011 when looting jokes were funny / relevant.
----------------------------------------------------------------------

I must have skipped that year

comment by Chronic (U3423)
posted 3 minutes ago
comment by TheBlackCountry (U22512)
posted 1 minute ago
Looting mugs!
----------------------------------------------------------------------
why are you here?
----------------------------------------------------------------------

Slack is an alter ego of Maf, they are one and the same. Therefore the moment he wakes up he knocks one out to the thought of Spurs, then spends all day thinking about Spurs before knocking one out in bed at night to the thought of Spurs, before finally dreaming all night about Spurs.

FumingMug7

Meh, yet more bleating and excuses being readied by Blofeld for when he fails to bring in the players Conte needs due to lack of willingness to spend.

The big clubs that win the trophies, find the money to improve their squads and don`t consistently plead poverty.

ENIC`s business model does not bring the club silverware, which is why they need replacing.

https://twitter.com/KieranMaguire/status/1463094456442408969?t=TseQsZlDH39GA8ayC_VIJw&s=19

Real good breakdown of the accounts.

The wage to turnover percentage has increased to 57%, it was previously as low as 38%, reduced turnover no doubt the factor here. Also wages up 20% seems strange given we have lost high earners such as Bale, Lamela, Sissoko, Toby and Rose and our new players are younger and likely to be on lesser wages, unless these wages will appear on next year's stats maybe.

comment by ● Billy The Yidd ● 2020* 2021* ENIC OUT! (U3924)
posted 25 seconds ago
The wage to turnover percentage has increased to 57%, it was previously as low as 38%, reduced turnover no doubt the factor here. Also wages up 20% seems strange given we have lost high earners such as Bale, Lamela, Sissoko, Toby and Rose and our new players are younger and likely to be on lesser wages, unless these wages will appear on next year's stats maybe.
----------------------------------------------------------------------

Perhaps bonuses are taken into account.

comment by Edbo (U17933)
posted 59 seconds ago
comment by ● Billy The Yidd ● 2020* 2021* ENIC OUT! (U3924)
posted 25 seconds ago
The wage to turnover percentage has increased to 57%, it was previously as low as 38%, reduced turnover no doubt the factor here. Also wages up 20% seems strange given we have lost high earners such as Bale, Lamela, Sissoko, Toby and Rose and our new players are younger and likely to be on lesser wages, unless these wages will appear on next year's stats maybe.
----------------------------------------------------------------------

Perhaps bonuses are taken into account.
----------------------------------------------------------------------
Wouldn't have thought Levy will be paying many bonuses on the last couple of seasons shiete show. Win bonuses must be down and no CL, maybe only goal bonuses, but he will be saving plenty this season lol

comment by ● Billy The Yidd ● 2020* 2021* ENIC OUT! (U3924)
posted 53 minutes ago
comment by Edbo (U17933)
posted 59 seconds ago
comment by ● Billy The Yidd ● 2020* 2021* ENIC OUT! (U3924)
posted 25 seconds ago
The wage to turnover percentage has increased to 57%, it was previously as low as 38%, reduced turnover no doubt the factor here. Also wages up 20% seems strange given we have lost high earners such as Bale, Lamela, Sissoko, Toby and Rose and our new players are younger and likely to be on lesser wages, unless these wages will appear on next year's stats maybe.
----------------------------------------------------------------------

Perhaps bonuses are taken into account.
----------------------------------------------------------------------
Wouldn't have thought Levy will be paying many bonuses on the last couple of seasons shiete show. Win bonuses must be down and no CL, maybe only goal bonuses, but he will be saving plenty this season lol
----------------------------------------------------------------------

Kane is on a hefty goal bonus for a start.

comment by Edbo (U17933)
posted 2 hours, 18 minutes ago
comment by ● Billy The Yidd ● 2020* 2021* ENIC OUT! (U3924)
posted 25 seconds ago
The wage to turnover percentage has increased to 57%, it was previously as low as 38%, reduced turnover no doubt the factor here. Also wages up 20% seems strange given we have lost high earners such as Bale, Lamela, Sissoko, Toby and Rose and our new players are younger and likely to be on lesser wages, unless these wages will appear on next year's stats maybe.
----------------------------------------------------------------------

Perhaps bonuses are taken into account.
----------------------------------------------------------------------

The ratio is higher because our revenues have dropped significantly due to the pandemic., so the ratio is artificially high.

In a season when matchday fell about £90m compared to last season (which itself was affected by lockdown), you can expect there to be about £120m revenue missing from a normal seasons accounts.

I'd expect revenues normally to be around £430-£450m so then the £200m staff costs is back down below 50% and more like 45%

We owe around £170m in transfer fees and only expect £22m back 🤯

comment by LukaBrasi COYS #FreePalestine (U22178)
posted 33 minutes ago
We owe around £170m in transfer fees and only expect £22m back 🤯
----------------------------------------------------------------------
we always sell players a year too late and get small fees