02-09-2021, 23:32
(02-09-2021, 18:26)Zinman Wrote:(01-09-2021, 15:20)Blue Baggie Wrote: With sales and savings in wages, we have a surplus of £50 million. Assuming £2 mil for Val and £8 mil on wages for new loans and signings.
This leaves £40 mil in the bank.
Come the new year window. I guarantee we will not have a single penny left.
Flex down and running costs = £70 mil
parachute money + STH gates, TV, etc = £70 mil
This still leaves the £40 mil - if it disappears we know where.
Except you’ve managed to count the wage reduction twice.
Any savings we’ve made in salaries is more than swallowed up by the revenue reduction. We will almost certainly not have a positive cash flow this year, nor a profit.
That's why we operate flex down, so salaries fall in line with revenue. I haven't factored in 2 lots of salary reductions at all. The players leaving were full salary savings not flex downs.
I hope you accept we have a cash surplus, even if we differ on the size.
2020 the year the bubble burst 