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Finances

Discussion in 'Molineux Mix Archive' started by glastofreak, Dec 17, 2008.

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  1. glastofreak

    glastofreak Guest

    IF we get promoted there will be a number of factors surrounding the finances available to us. First what do we have available, the Sky money, attendances, sponsorship and may be some of SM's £30M. With the economic down turn will Sky have the money, reduction in advertising and subscription, ITV had problems so why not Sky. SM has made his money through property, is the £30M ring fenced or are we subject to the property downturn? How will the season tickets and match by match ticket sales be affected? If Sky, sponsorship and SM money dries up this is not the worst thing that can happen to us as all things are relative others will be affected a lot more than us (massive debt, loss of Sky revenue, falling attendances, players on huge wages and owners skint) Thanks to Sir Jack we are not in debt, we are not reliant on the Sky money as we have not seen it for a while, attendances would either rise or stay stable if we are promoted, players are not currently on high wages and the owner may or may not be skint. This is all a what if scenario and may have been covered by other posts if it has I apologise and encompassed by that big small word right at the beginning IF.
     
  2. Japan Wulf

    Japan Wulf Has a lot to say

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    You might try looking on the bright side.
    If you can't, console yourself with the thought that in the event of a worse case scenario we may well be slightly better off than many others.
     
  3. Del Woppio

    Del Woppio Guest

    That's very difficult to read.

    The "£30m" was apparantly invested into the club as working capital after the takeover, and I undertand that Mr Morgan's fortune and assets will not be adversely affected by the problems in the construction inndustry.
     
  4. saturday boy

    saturday boy Just doesn't shut up

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    The money is in the club bank account and has hardly been touched. Were we to get promotion we would be in a relatively healthy position of not having to dip into the kitty - a useful situation in 2 ways.

    1. Stoke, Hull and the Albion will probably all have factored in possible relegation when determining their transfer budget so will have had to keep to one side some of the riches of promotion for such an eventuality. Our kitty means we can utilise the greed league money more towards improving the team knowing that there is a safety net.

    2. If we were to get relegated, we would not necessarily be forced into a fire sale. Charlton and Leeds are a prime example of what happens if after a few seasons at the top you don't return quickly. Reading face the same potential problems. We have never (unfortunately) had to face the need for a swift return after successive years up there.
     
  5. glastofreak

    glastofreak Guest


    sorry for the difficulty :eek:
     

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