As far as the budget goes it involves believing what bates is saying and does anybody ?

Tommy

Only you mate

Comment deleted by Site Moderator

Thought you worked in finance?
Did you read my post?
Ok you explain how a budget works and what the point of having them is?

Budgets are used differently in different companies.

There is no set way of using them.

Most companies use budget to plan for the finacial year. To give them a idea of the costs they will inch

Good companies change their budgets throughout the year. This can be by increasing or decreasing

We've increased it because we've sold players

Cat got your tongue

I appreciate budgets change, in fact I said as much. Did you read that bit?

Anyway let me see, in your logic, you set a budget for 10 you are over budget by 2, you sell a player for 1 and that makes your budget 11 so you are now on budget!

Is that what you meant?

Oh well that makes total sense now! What a fool I have been. I must pass this FACT onto my financial director at work.

Cat hadn't got my tongue, just speechless.
Seriously though touch screen and hit the send button in error.

No that's not what I said at all

The club set a budget of 9.5m, we then sold 2.5m worth of players so it increased. Which ha gone on loans of Pugh plus fee, Townsend and keogh and odear

The club hasn't had to sell because it was over budget

I think your really get mixed up

And even if you were right, how do you know if the 9.5 figure didn't already include the Gradel and Jasper money. If as you say when a player is sold it goes into the pot surely it did so at the point of sale, not 4 months later. Kind of proves your logic wrong doesn't it

Me getting mixed up? You are mixed up!

Because I it didn't include the 2,5m it would mean the budget was only 7m. With the budget being 7.7m in league, it's doubtfull it will have gone down

What are you on about four months later, I don't get what your mean

Yes it will have gone up at point of sale, and Grayson has used some of it on Pugh, keogh, Townsend, McCartney and odear

Go

Am not mixed up at all, and pretty sure most would agree with what am saying.

We turned over £27m last year so if we said £25m this year and the club were setting budgets of £9.5m where was the rest of the money going like last year when wages were 50% and we still had to sell players to make a profit, most on here whatever beliefs seem like intelligent people and you dont need to be a genius to guess where, cant believe people still back bates.

Don it was 27m in league 1

I would have thought with higher attendences last season with higher prices and more tv money for being in champ, you probably talking 33m for last season

A while back I asked what the Budget was. What did you say to me then? You quoted the wage bill and called me thick. Now when we have figure from Bates you continue to say I am wrong. I really should bow to your undoubtedly superior knowledge when it comes to financial matters.

Go

The only thing I said you were wrong on Was that transfers in didn't increase the budget

When ken bates says it does

Just forget it LIW you obviously know better than I do, you know ALL the FACTS, and even believe what Bates says. Not only that you make up what Bates said, or twist it to suit your arguments.

Comment deleted by Site Moderator

not surprised we've over spent. were still paying Paynter/Obrien/Connolly who have no future at Leeds

Even though i dont agree with Jonnys sale i understand the reason behind it, and it makes sense

In this thread you said:

"The budget (that's including transfer fees and wages ) was 9.5m. We've sold kasper for 750 and gradel for 1.75m
So the total budget is now 12m"

When I questioned the 9.5m figure you then said this:

"Because I it didn't include the 2,5m it would mean the budget was only 7m"

So you can't even be consistent in your own arguments, yet expect me to bow to your superior knowledge.

Go mate

I missed the f off I

So should have read if it didn't include the 2.5

Stupid ipohne

And Bates said (assuming Cas hasn't made any errors in copying from a printed program

"SG's player budget was £9.5m for the year. As I write we have committed £11.722m, over budget by nearly 23%."

Where in that statement did he say the budget was 7m but with sales it is now 9.5m? He didn't, you made that bit up.