At the start of the season I read the report by Insider Media on the year 16/17 finances of all championship clubs. Only one, Wolves, made a small profit, whilst the losses from all others ranged from 2-30 million, with an average of about 8-10 million if my mental arithmetic is about right. All the clubs coming out of the premiership made huge losses, despite parachute payments.
Whilst we were bottom of our league I gave the report no further thought. However now that we appear able over this or next season to gain promotion, it begs the question are we willing to join the loss makers group, or failing that to become a yo-yo club, keeping ourselves solvent.
If the only way of staying in the Championship is by paying wages which guarantee a loss, then my option would be the yo-yo route, which guarantees we still have a club even if relegation over the medium term becomes a near certainty. This is also based on the fact we are unlikely to attract a rich investor willing to take a gamble.
What do you think?
Whilst we were bottom of our league I gave the report no further thought. However now that we appear able over this or next season to gain promotion, it begs the question are we willing to join the loss makers group, or failing that to become a yo-yo club, keeping ourselves solvent.
If the only way of staying in the Championship is by paying wages which guarantee a loss, then my option would be the yo-yo route, which guarantees we still have a club even if relegation over the medium term becomes a near certainty. This is also based on the fact we are unlikely to attract a rich investor willing to take a gamble.
What do you think?