Grendel
Well-Known Member
They were relegated when parachute payments were increased to £60 million.
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They were relegated when parachute payments were increased to £60 million.
SkyBlue_Bear83
Well-Known Member
Well the Wigan chairman did claim they would 5 times the budget of anyone else in the league, if you take Sheffield United to be about 6 million...
ccfc92
Well-Known Member
Evidence?
SkyBlue_Bear83
Well-Known Member
http://www.bookies.com/news/wigan-athletic-backed-to-smash-league-one-by-new-chairman.html
This is where he claims to have 5 times the budget of anyone else, I don't know what Sheffield United budget is though was just guessing at that.
And of course there is the likely possibility that he is over exaggerating to big up there chances for the upcoming season.
This is where he claims to have 5 times the budget of anyone else, I don't know what Sheffield United budget is though was just guessing at that.
And of course there is the likely possibility that he is over exaggerating to big up there chances for the upcoming season.
Grendel
Well-Known Member
They have £17 million parachute payments they have sold £8 million worth of players. Players on long contracts are excluded from the calculation. They have the biggest budget the league has seen and will walk the league.
ccfcway
Well-Known Member
this is where their CEO says it was over £20 million last season in the champion and they have to budget for relegation to League One.
http://www.wigantoday.net/sport/wigan-athletic/chief-executive-speaks-out-1-7082139
http://www.wigantoday.net/sport/wigan-athletic/chief-executive-speaks-out-1-7082139
ccfcway
Well-Known Member
so just the biggest budget and not the £30 million you quoted ?
ccfcway
Well-Known Member
I must say, the 7/1 on offer does seem very tempting
SkyBlue_Bear83
Well-Known Member
Its not completely without foundation though, the Wigan chairman claimed he would have 5 times the budget of anyone else in the league. In reality I'm guessing it will be about 15 million.
SlowerThanPlatt
Well-Known Member
Wigan to walk this league. 
We'll see, they probably should with their budget, but they've got an inexperienced manger and don't have the support of Wolves. Add to that players on 20-30k a week playing at small stadiums on shit pitches, I doubt they'll be up for that.
We'll see, they probably should with their budget, but they've got an inexperienced manger and don't have the support of Wolves. Add to that players on 20-30k a week playing at small stadiums on shit pitches, I doubt they'll be up for that.
ccfcway
Well-Known Member
don't doubt at all they have a big budget.
Having said that, we had the 8th biggest last year. How did we get on ?
Grendel
Well-Known Member
Given the facts I have just quoted it will be in that area. I think what you are confusing is what they will elect to spend. However, the calculation has to be well in excess of £20 million and that excludes any future player sales,
Parachute payments alone are 8 times the average budget in the league.
ccfc92
Well-Known Member
ccfcway
Well-Known Member
both me and their CEO then....
"There’s different rules in League One, which apply to salary costs. There is a cap on salaries, and we must ensure we adhere to that if the worst does happen."
SlowerThanPlatt
Well-Known Member
Why do clubs get parachute payments? Why do they get rewarded for failure?
ccfc92
Well-Known Member
I agree, but I believe it's to help with wage cuts IIRC.
chiefdave
Well-Known Member
Think they should stop. All you have to do is make sure everyone's contract is tiered so they get different pay in different divisions and they're no longer needed.
They're getting bigger and bigger, just makes things uncompetitive.
ccfcway
Well-Known Member
there should be a rule in place which only covers a % wages of players registered in the Jan when they were a Prem club up to a certain amount.
In reality, parachute payments are used to buy more players to try and get back to them prem. RThe system isn't right.
Grendel
Well-Known Member
The cap is not on salaries but I'm actual spend. Their is dispensation which allows clubs to exclude players wages on long contracts from the calculation.
ccfc92
Well-Known Member
You said they have a budget of £30 million.
You didn't clarify spending this or a % of this.
Grendel
Well-Known Member
All clubs will surely submit the maximum budget they can regardless of if they have any intention of spending it.
I can't even be bothered to check when they got relegated but i am pretty sure it was at a time which gave them the £60 million payments over 4 years. Also they've an exclusion on contracts and have revenue from players sales worth almost £10 million. That's without revenue from gates sponsorship corporate etc.
ccfc92
Well-Known Member
What do you think will happen if they fail to get promoted this season?
hill83
Well-Known Member
They'll either stay in League One or if they finish in the bottom 4 they'll be relegated to League Two.
SlowerThanPlatt
Well-Known Member
Grendel
Well-Known Member
They still have another year of parachute payments don't they?
I don't know the exact budget but it's a lot more than£10 million. Last year they actually raised £13 million for selling two players.
They will just restructure if they fail. Can't see it - they've signed someone for £1 million already haven't they?
SlowerThanPlatt
Well-Known Member
Yes Will Grigg from Brentford who scored a lot of goals for MK Dons last year
Grendel
Well-Known Member
So with his wages that one player will be almost our entire budget.
ccfcway
Well-Known Member
about the closest you have ever been to admitting you got something wrong
Grendel
Well-Known Member
I don't think I am - you said a lot less than £10 million didn't you?
ccfcway
Well-Known Member
no I didn't.
ccfc92
Well-Known Member
:claping hands:
ccfc92
Well-Known Member
What do you mean by this?
Grendel
Well-Known Member
I mean they've signed someone for £1 million
Grendel
Well-Known Member
Ah I see what you said now. You quoted knowledge of the budget in the championship - out of interest do you have a link (i am surprised ccfc92 hasn't asked as he's a stickler for financial accuracy) given that clubs are measured on FFP in the championship and don't submit wage budgets.
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