Today, we have informed all our non-football staff presently on furlough that their pay will be limited to that which we receive from the furlough plan. Through May 31, everyone has received 100% of their pay. The Club has made up the difference. Going forward, these furloughed employees will receive 80% of their salary with a maximum payment of £2500 per month. We are also recommending that they begin the search for alternative employment once furlough ends.
That includes half of their playersThey are going to lay off all non football staff?
I think they will only get 80% of the max if they get that much - if Wycombe have been making it up to 100% it might be that the players help out - however he has said that they should look for other jobs if that makes it difficult for them to provide for their familyThey are going to lay off all non football staff?
True - maybe they had some tv money coming ?............but the article says they have lost revenue of £1m! Players wages are an expense, so what is that £1m lost revenue made up of? While accepting I don't know the ins and outs of Wycombe's business, on the face of it that figure seems quite an exaggeration. Potential gate receipts from their remaining fixtures would probably only amount to a quarter of that figure. but even factoring in some sponsorship losses too revenue losses wouldn't get near £1m.
Would have thought it was more than a quarter. If they averaged 6000 fans at a match At an average cost of say £20 that’s 120k times 5 remaining matches plus food and drink which at Wycombe given the food village available there I guess is a reasonable amount. Plus the parking on the hill at £5 a car. Whilst I can’t see it being a million 1/2. - 3/4 I would have thought reasonable.............but the article says they have lost revenue of £1m! Players wages are an expense, so what is that £1m lost revenue made up of? While accepting I don't know the ins and outs of Wycombe's business, on the face of it that figure seems quite an exaggeration. Potential gate receipts from their remaining fixtures would probably only amount to a quarter of that figure. but even factoring in some sponsorship losses too revenue losses wouldn't get near £1m.
I guess if we weren't champions elect, we'd have a whole lot more to worry about.I wonder how we are doing
Tbh given the owners background they in theory should be doing a lot of cleaning up in the marketplace currently .I guess if we weren't champions elect, we'd have a whole lot more to worry about.
Didn't think of it like that, good pointTbh given the owners background they in theory should be doing a lot of cleaning up in the marketplace currently .
Certainly from a different background to our current competitor's .Didn't think of it like that, good point
As of september last year (as reported in a study by consultancy uk) the average revenues for clubs in league one was 6 million a year and league two 4 million a year - which works out on average £500,000 a month in league one - Wycombe being the lower end of the scale in size of club -£350,000 would be about correctWhat other streams of revenue do Wycombe get, other than on a match day? £1m seems a steep loss for a team averaging 5k crowds, half of which are probably season ticket holders, and with only about 5 home games to play.
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