All players and permanent club staff are on furlough. Some temporary staff who were on zero hours contracts have not been furloughed and are not being paid.
Players have agreed to 20% wage cuts. Steve Evans has also agreed to a wage cut which he’s mentioned in past interviews. So I believe the money Actually being paid out in wages is much less than you state.
I thought I read somewhere that the club was topping up the 20% that some staff was missing out on going into furlough but since I can't seem to find the posts then I'll dismiss that as hearsay. Assuming what you say about wage cuts is true then as of May 2018 our wage bill was, oh erm.
I think someone can't do maths
. The fact Wayne didn't pick up on it even when deeply examining the accounts for the missing £9m makes me doubt his claim he was Sir David Tweedy.
Anyway, £3,584,576 / 12 = £298,795 under normal times. Lets assume that the players get paid on average the same as all other staff, although I suspect the shop workers probably aren't paid a grand a week.
£298,795 a week x (43 players / 81 staff) = £141,188 per month paid to players.
£141,188 x 80% of normal wages = £112,950 per month.
Of course there were a few assumptions made and I took averages, but the point is that if the players are being paid 80% of wages then there is still a sizable chunk of money going out every month.
The EFL payments that are normally due to be paid to clubs in the summer months were advanced to March/April to help with the loss of income from no games being played. Of course that will mean a hole in finances come July/August as that money has already come in and probably gone out.
The Premier League agreed to advance £125m to EFL and National League clubs:-
https://www.sportinglife.com/football/news/pl-in-pound125m-advance-for-efl-clubs/178891
So it is not correct to say there’s been no money coming in at all.
Last year’s accounts are now well overdue to be published.
I didn't say there was no money coming in but "we are still bleeding cash when you have zero income
in all intents and purposes."
An advance is not additional revenue and while it will help in the short term, you are merely kicking the income black hole a few months down the line.
Our main sources of income comes from match day. Using a low gate average of 4000 supporters paying an average ticket price of £20** then that is a loss of £80k per match x 6 matches = £480k of lost revenue in the bank. Add on that programmes, club shop and catering and hospitality sales.
The £125m advance to the EPF clubs (and you can bet the bulk of that will go to the Championship and not us) might go part of the way in covering the lost £480k of matchday income in the short term but we are still missing £480k of matchday income from the accounts.
The other problem is with season tickets. Instead of maybe selling close to 3000 season tickets at this point, we have probably sold less than 1000 season tickets to people who took up the cheap £300 early bird tickets. The other 2000 would be season ticket holders are probably waiting about renewing until they know when people are allowed to watch the match live. Even at the cheap £300 early bird price, this would work out at 2000 x £300 = £600,000 less cash in the bank.
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** the cheapest ticket for a match ticket is £20 in the BMS with other stands much more expensive. Since I have no way of working out what percentage of fans in the ground are season ticket holders who'd pay less than the average, I am for sake of argument assuming the extra £s that non-season ticket fans not sitting in the BMS are paying will average out the cheaper ST tickets.