It is a fair question and also how do we compare to the other clubs in league two?
I’m sure GPC has it on a spreadsheet to hand
It’s probably a debt indicator as our assets don’t take long to work out
Never be able to find that sort of stuff out from the abbreviated accounts that are published.
A look at the last set of filed accounts though does show that "staffing costs" were in the region of £4m...... so when you think that our playing budget (Players wages etc) only takes up half that, perhaps not even that, it does suggest that a lot of money is paid out elsewhere.
Staffing costs of £4m on a company turnover of £5.3m is too high surely? There are a great many other costs involved and not a lot of money left to pay those costs by the look of it.
The accounts also show a figure of £1.1m in "administrative expenses"...... again, surely too high? How can you have admin expenses running at 20% of total turnover?
Kelvin stated yesterday that if we ran the club "in a sustainable way" then we would have the lowest or second lowest wage budget in the league? Is he being serious? We would be below the likes of Sutton, Barrow, Harrogate, Crawley or any other the other League 2 heavyweights?. That statement alone tells me there needs to be a complete overhaul of the club and its finances. We are haemorrhaging money somewhere! We get the same money in from the EFL and Sky as the others do, we don't pay anything to rent the ground, we don't own it and we spend precious little maintaining it, so I struggle to see where the drain on finances is. We don't have a particularly big squad, we only have a modest wage bill.....