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Post by El Morto La Hoja! on Nov 24, 2008 9:47:34 GMT -1
Profit boost for Wednesday
Sheffield Wednesday will announce a trading profit for the second successive year at next month's annual general meeting.
The Owls, who have debts of £27million, made a profit of £1.5million 12 months ago - their first in 12 years.
Finance director Bob Grierson, who confirmed details will be revealed in the annual accounts for the year ended May 31, said: "The accounts will be out over the weekend and will show another year's successful trading."
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Apparently is a £3.1 million profit.....
.... also you've supposedly got the best wages to profit (or was it turnover) ratio in the Championship....
.... now call me a cynic, but might that be down to your low quality and quantity of playing staff + the large debt that you're continuously paying off?
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Post by HGO on Nov 24, 2008 11:07:12 GMT -1
Correct Mort  Id imagine the wages to turnoever ratio is down to at least 4 of the first team being previous youth team players who tend to get less than others. At least we are trading at a profit and knocking some of the debt off albeit not much. I believe the debt is down to 25 million now so at this rate only another 25 yrs of crappyness to go. I`ll nearly be a pensioner by then  |
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Post by El Morto La Hoja! on Nov 24, 2008 11:13:33 GMT -1
unless an investor comes in to clear some or all of the debt, i think the financial stratagem Wednesday are following is the soundest possible....
... i'm assuming that strategy is slowly whittle away at the debt while maintaining themselves in the championship.
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Post by Mrs H on Nov 24, 2008 11:18:39 GMT -1
I think that's the plan Morts. If we can maintain midtable mediocrity on the finances we have I think it's seen as progress. I think if we can get rid of the last few highly paid 'stars' like Kenny Lunt who's on £10k a week for not appearing in the squad then it should help. Unfortunately due to these factors the crowds are going down and therefore so do the gate receipts. I'd be suprised if there are 15,000 there on Saturday.  |
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Post by El Morto La Hoja! on Nov 24, 2008 11:19:36 GMT -1
Lunt has gone  |
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Post by Mrs H on Nov 24, 2008 11:24:09 GMT -1
Lunt has gone Only on loan. We're still paying his wages. |
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Post by HGO on Nov 24, 2008 13:13:57 GMT -1
tis kids for a quid day on Saturday . Hate those days. Thankfully as its my BIRTHDAY i shant be around. Im not having Wednesday spoil my birthday ;D |
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Post by Mrs H on Nov 26, 2008 7:59:10 GMT -1
Well that result cheered me up. Wasn't expecting anything from Blackpool.  |
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Post by addicted2venos on Nov 26, 2008 11:59:25 GMT -1
Well that result cheered me up. Wasn't expecting anything from Blackpool. ....... what not even a stick of rock?? |
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Post by Mrs H on Nov 26, 2008 12:01:34 GMT -1
Well that result cheered me up. Wasn't expecting anything from Blackpool. ....... what not even a stick of rock?? Not even a bag of cinder toffee Kieran |
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gt
Non League Player (someone crap, like Boston)
Posts: 51
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Post by gt on Nov 26, 2008 12:02:40 GMT -1
Never going back to Blackpool, last time I was there I was offered a 'ride on the Big One Sir?'. Filth  |
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Post by PureOldGold on Nov 26, 2008 12:09:09 GMT -1
Never going back to Blackpool, last time I was there I was offered a 'ride on the Big One Sir?'. Filth  |
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Post by Mrs H on Nov 26, 2008 12:10:38 GMT -1
He was obviously just very proud of it Tom. Showing it off like a monkey! ;D
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gt
Non League Player (someone crap, like Boston)
Posts: 51
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Post by gt on Nov 26, 2008 12:13:51 GMT -1
He was obviously just very proud of it Tom. Showing it off like a monkey! ;D I remember a school trip to France when I was 15. These rat like little kids kept running up to me and my mates trying to get us to buy these little plastic monkeys whose cocks popped out when you squeezed them. The police turned up one time though, they scattered in 2 seconds flat  |
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Post by addicted2venos on Nov 26, 2008 12:19:17 GMT -1
....... what not even a stick of rock?? Not even a bag of cinder toffee Kieran Well the 3 points and a kiss-me-quick hat must have really cheered you up then!! |
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Forever without exception. x
