| Finances around sale of Matt Grimes 10:29 - Jan 28 with 1181 views | hectorshouse |
This is my take on the finances surrounding this sale and also the Swans as a whole. Matt Grimes is reportedly on £20,000 a week, a staggering £1,040,000 a year. When employers NI and pension contributions are taken into account this could easily cost the club £1.2 million a year. The total turnover of the club in the last accounts was £21.5 million. This means that Matt Grimes accounts for 5.5% of the total income of the club. That is an amazing £1.80 of every general Category A ticket sale goes to Matt Grimes. or £3.10 of every replica shirt sold goes to Matt Grimes. These figures are just incredible and not sustainable for any business.
For the club to be truly sustainable and to survive long after my days, I have been a fan since the mid 70's (had a poster of Herbie Williams on my bedroom wall) the club needs to stop this madness. In reality wages should be no more than 75% of turnover (Premier League average is 66%). If we use this 75% as benchmark then total wages should be £16 million. Allowing for other staff, manager, coaches, marketing, U21 wages etc this would leave an estimate of £13 million to spend on players wages, if we take off employers NI and pensions say gross wage to the players are £12 million. If we assume a squad of 22 supported by the U21's then this means an average weekly wage of £10,500 a week.
This means that wages of £20,000 are really exceptional and the player has to be outstanding with a large sell on fee as a makeweight. I would respectfully suggest that Matt Grimes is neither exceptional nor going to attract a massive sell on price and therefore we should do everything in our power to push any price up but not ruin the deal. Matt Grimes needs to go for the long term benefit of our club.
On footballing matters we need to readjust our aims for the immediate future, these should be set at retaining our place in the Championship and changing the whole coaching set up to one that actually encourages our youngsters. Swansea City cannot compete with Birmingham, Stoke, Leeds etc on a financial basis so we need to change tack and get young, hungry overseas and local talent on the pitch playing the same way throughout all age groups.
Any investment from our owners goes directly to transfer fees, any transfer fees received is reinvested in the playing squad, this reinvestment will include young teenage prospects and not necessarily first team players.
This is a long term strategy but the only way I see for my team to be sure to continue providing professional football for my children and grandchildren to support.
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| Finances around sale of Matt Grimes on 10:40 - Jan 28 with 1119 views | KeithHaynes |
Superb post from an angle we don’t often look at 👍 |  |
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| Finances around sale of Matt Grimes on 10:54 - Jan 28 with 1067 views | raynor94 |
Excellent post👍 |  |
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| Finances around sale of Matt Grimes on 11:00 - Jan 28 with 1041 views | union_jack |
| Finances around sale of Matt Grimes on 10:54 - Jan 28 by raynor94 |
Excellent post👍 |
Hear, hear! |  |
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| Finances around sale of Matt Grimes on 11:01 - Jan 28 with 1040 views | raynor94 |
Bye Matt thank you for your service, but you have certainly done well by us | |
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| Finances arsale of Matt Grimes on 11:41 - Jan 28 with 912 views | libertyx |
Excellent post. Clubs need to live within their means and that's the problem they aren't. Swansea is a low paid area and the club can't sustain these ridiculous wages for average players. Do you think players care if a club goes out of business because of their demands?
We have always been a club that will find little gems and have to sell on eventually to keep us going.
I was just reading this season, that Steve Gibson owner of Middlesborough wrote off their £150 million debt by converting to shares, and they are suppose to be a well run club. This is what's happening at many clubs who have owners with unlimited money. | | | |
| Finances arsale of Matt Grimes on 12:19 - Jan 28 with 842 views | raynor94 |
| Finances arsale of Matt Grimes on 11:41 - Jan 28 by libertyx |
Excellent post. Clubs need to live within their means and that's the problem they aren't. Swansea is a low paid area and the club can't sustain these ridiculous wages for average players. Do you think players care if a club goes out of business because of their demands?
We have always been a club that will find little gems and have to sell on eventually to keep us going.
I was just reading this season, that Steve Gibson owner of Middlesborough wrote off their £150 million debt by converting to shares, and they are suppose to be a well run club. This is what's happening at many clubs who have owners with unlimited money. |
Same as Stoke and Cardiff | |
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| Finances arsale of Matt Grimes on 13:43 - Jan 28 with 630 views | onehunglow |
| Finances arsale of Matt Grimes on 12:19 - Jan 28 by raynor94 |
Same as Stoke and Cardiff |
North east, hot bed of Football ,a low wage area as are many traditional big clubs Ironically ,Bournemouth,in an affluent area,are flying . | |
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