jimmyshimmy
21-12-2007, 22:31
Click Here (http://www.pwc.com/uk/eng/ins-sol/publ/hosp-leisure/pwc_spl_report_sep07.pdf?utr=1)for an in depth look at Scottish Football's finances in recent years!
Interesting reading - Kilmarnock have a higher wage bill than us, and Hearts wage bill went from £4m to £10m in one year!
So basically, we(Dundee Utd) still have a large debt that isn't going away, and that'll take a lot of shifting with our current income. We've cut the wage bill, but because we haven't performed better, we've not brought in more income, so the effect hasn't been significant. We've likely cut the wages further, although I'm not sure where some payoffs fit timewise. So overall, not great, but could be worse (i.e. Hearts).
Interesting reading - Kilmarnock have a higher wage bill than us, and Hearts wage bill went from £4m to £10m in one year!
So basically, we(Dundee Utd) still have a large debt that isn't going away, and that'll take a lot of shifting with our current income. We've cut the wage bill, but because we haven't performed better, we've not brought in more income, so the effect hasn't been significant. We've likely cut the wages further, although I'm not sure where some payoffs fit timewise. So overall, not great, but could be worse (i.e. Hearts).