But of course they can offset their ridiculous wages through oil money, which people like Brum and Everton can't.
McLeish upset with player conduct
- Thread starter BBC Sport
- Start date
- Replies 33
- Views 1K
But of course they can offset their ridiculous wages through oil money, which people like Brum and Everton can't.
Hi mate.
Pannu has reiterated that Blues as a club are fine financially, its BIH that are in debt of a mere 30 million.
The media have always tried to make such fuss about these stories to seell papers. Pannu has claimed time and time again, that the club is run fine and is no major trouble. This is why we recieved the UEFA licence.
A recent papers headline showed YEUNG NOT GOING TO SPLASH THE CASH, but when you read the article, it he says he will, but fans have to realise its got to be spent in a sensible way. So until the breaking news is that Blues have gone bust, im not worried about our financial state. Although I am worried about our football state XD I do have a slight feeling we will be fine though.
what pannu says doesnt wash though, becuase BIH is still linked to the club. For him to say the club isnt in financial trouble is simply lying to the fans
That doesn't detract from my original point that 50% turnover going towards wages is anything other than standard, where most Premier League clubs are concerned.
No, indeed. I don't really know enough about the finances to comment, but I did find this from the year before last which makes rather shocking reading.
http://extras.timesonline.co.uk/pdfs/moneygame.pdf
Now I know Villa's has gone down, and will probably decrease again this summer. Stoke are looking great, as it happens.
He didnt say we werent in financial trouble but he said it was manageable as he said the BIH group which was used to fund the buyout is in trouble on the stock market atm.
He said that Yeung still has money and that we will be fine as the trouble is manageable.
I think getting a UEFA license shows this so i am no too worried provided we stay up/come up within a season or two
Judging by this thread, I'd say 50% turnover going towards wages would be a step up for many.
It was manageable until relegation was involved. Providing you stay in the prem its ok, after that it gets very ugly
I think West Ham are in a worse situation than Birmingham imo. Already relegated, best players leaving, other players on stupid wages that don't reflect their ability, relegation costing them at least £40 million.......and the parachute payment definately won't help. Potential for a Leeds Utd situation there
west ham are up **** creek sadly, cant see any quick way back for them at all
yeah rather be in your shoes than west ham's
I dont support financially great teams. Shels my other team got relegated 3 weeks after winning the league and had to sign 18 players in 3 days just to play
It is sad. Have a soft spot for the Hammers and the fans. Like a traditional family club. I suspect that their going to be spending a few years out of the Prem. Whole club needs an overhaul.
But with Birmingham, I'd say the financial situation is pretty grim reading on paper, if they stay up, it would be manageable, but with much tightening of belts. Plus if they did go down, they have a manager who would be more than capable of getting them back up again. If they stick with him, so could be a case that financially in the short term it would hurt, but getting promoted would maybe even things out.