Commercial Club Accounts to 30 June 2024 Released

I don't think it does look plausible. Why on earth would we be paying more than Coventry for a worse team? The figures aren't borne out by our transfer dealings or league position, unless Stewart Findley is getting most of our money. It seems that no one really knows the truth about our finances though.
Reuben Amorin says hold my beer.

As for your last sentence, as much as it appears to annoy you, some people do know some things about our finances. Maybe not everything, but enough to make an informed opinion. I can tell you that some of the figures in our listed wages are correct, some look as if they could be and some look miles off. It's the ones that I know are correct, together with what I understand to be our total wage bill, that led me to say that this was closer than any of the other attempts at this sort of thing. They usually have our wage bill at a ludicrously low figure based on our League One days. Our own accounts for 2023/2024, when we were in League One, show wages of £11.25m. Anyone who thinks we're not now 2 years later and at Championship level, at or above £16m is living in a fantasy land.

As @tonyw has correctly deduced from looking at their most recent accounts, Coventry's figures were higher than the currently claimed figures, and I'd be surprised if they've gone down to the claimed level, but it does happen, and Bristol City are a good example of a club that has reduced its wage bill significantly over recent years.
 
Interesting and, if accurate, this backs up the very credible details I stated in August on the Matt Phillips thread.


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Is it possible we are going round in circles here?
Someone on twitter uses this capology website (possibly not referenced) to list the three wages quoted back in August. I find it suspicious that the two players still here Phillips and Goodrham matched *exactly*.
Then a load of other people use the twitter listed wages to be their "source".
And now justify the accuracy of their knowledge by this link back to capology which of course matches because it's where the original wage estimate came from. Note that none of the wages have a green "verified" tick.
 
Reuben Amorin says hold my beer.

As for your last sentence, as much as it appears to annoy you, some people do know some things about our finances. Maybe not everything, but enough to make an informed opinion. I can tell you that some of the figures in our listed wages are correct, some look as if they could be and some look miles off. It's the ones that I know are correct, together with what I understand to be our total wage bill, that led me to say that this was closer than any of the other attempts at this sort of thing. They usually have our wage bill at a ludicrously low figure based on our League One days. Our own accounts for 2023/2024, when we were in League One, show wages of £11.25m. Anyone who thinks we're not now 2 years later and at Championship level, at or above £16m is living in a fantasy land.

As @tonyw has correctly deduced from looking at their most recent accounts, Coventry's figures were higher than the currently claimed figures, and I'd be surprised if they've gone down to the claimed level, but it does happen, and Bristol City are a good example of a club that has reduced its wage bill significantly over recent years.
I'm not doubting your insider knowledge at all but am not sure anyone has the full picture, given that the figures don't seem to make sense - Bristol City regularly nick players off us, while Coventry have Ellis Simm who we'd die for, and he can't get into their team! However I'm the furthest from ITK it's possible to be.
 
I'm not doubting your insider knowledge at all but am not sure anyone has the full picture, given that the figures don't seem to make sense - Bristol City regularly nick players off us, while Coventry have Ellis Simm who we'd die for, and he can't get into their team! However I'm the furthest from ITK it's possible to be.
Bristol City took players from us when we were in League One, and since then their wage bill has been substantially reduced by an owner who is looking to sell, while we have achieved promotion and increased our wage bill accordingly.

I said in my post, that you quoted, and also my original post on the subject, that I thought Coventry's claimed figures looked off.
 
Is it possible we are going round in circles here?

And now justify the accuracy of their knowledge by this link back to capology which of course matches because it's where the original wage estimate came from.
Possibly, in part.

But it’s not where I got the details from some weeks ago, my source was about a year older than that and in a 200% reliable format (albeit it might have been a bit out of date by the time I wrote).
 
from their accounts, Bristol City 23/24 wage bill £22m, down from £23m in 22/23. Their total debt was £195m, with around £20m converted from debt to equity in last 2 years.
 
Looking at the profit and sustainability rules in the Championship, each club has to submit a player registration schedule to the EFL containing a lot of details of player contracts and wages. Also detailed reconciliations back to the club's accounts. So there will be quite a few people who will know what wages players are on so payroll, the player, whoever signed the contracts, book-keepers, accountants etc. As well as perhaps other sources like player agents or other clubs making it known what wage a player will sign for.

So I'm not denying that some people will know a player's wage with reasonable certainty.
 
from their accounts, Bristol City 23/24 wage bill £22m, down from £23m in 22/23. Their total debt was £195m, with around £20m converted from debt to equity in last 2 years.
Which helps reinforce my earlier point that Bristol City have reduced their wage bill substantially. There have been further reductions in 2024/2025 and the current season, leading to them being very much closer to our wage bill than many people realise.
 
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