by RedRedWine1 » Thu Apr 30, 2009 10:25 pm
Surely we'll have to cut our budget also? Don't forget we had a transfer embargo given to us over Christmas for exceeding the wage-cap. Crowds this season are down roughly 500 against the previous season. The system seems pretty easy to manipulate (and I'm sure it is), but let's say that the playing budget for next season is based on crowds this season then to meet the wage-cap we'd probably have to decrease our wage bill by around 20% (assuming other sources of income stay around the same).
Like most people I'm not crystal clear on the FL regulations whereby only 60% of your income can be spent on player's wages. Do the football league rules recognise revenue and gains separately? Or is it simply one figure for income? I can't see how the club could classify the ground sale as revenue, or be part of our budget (property development does not seem part and parcel of the clubs everyday business activity).
Personally I think the ground sale is a pretty material consideration that the FL should look at, and let us opertate how we want. It seems stupid that a well run club like our own gets capped (nay, penalised) just so the FL appears to be acting legitimately and responsibly to counter the irresponsible management of other clubs.