It’s the money

Fabulous new graphic on Sporting Intelligence.



When you look at it this way we’re basically roundabout where we ought to be. There is a clump of teams that, if they have a bad season, are going to be in the brown stuff.  And when we say bad season we mean the kind of thing that can happen to any team.  Loss of form, bad luck, whatever.  This year it’s been our turn.   You can see that our transfer outgoings are as low as anyone’s and that the wage bill isn’t exactly massive either.

Martin Jol made a pig’s ear out of things but what I think this shows is that he had a lot less margin for error than we might have imagined.

7 thoughts on “It’s the money

  1. What’s really fascinating is that just 2-3 years ago we were midtable in the wage bill, spending about what Everton was. And we all know that wages dictate success more than transfer fees; hence our consistent 7-10th place finishes.

    Whether or not we were spending beyond our means, and we’re now about what the club can handle, remains to be seen. We’ve increased our expenditure slightly each year, but the likes of Newcastle, Stoke, SoHo, and Swansea are spending more each year. And this is the big difference.

    It’s all a zero-sum game.

    1. But as Josh points out below, our wage bill does seem pretty high and (hard to tell on the graphics) in fact now the same as what Everton is paying.

  2. Is the source data for the wages in table form? To me it looks like our wage bill is pretty high (looks to be close to double Southampton and Norwich on either side of us and on par with Villa, Newcastle, Everton and Sunderland). On the other hand, the transfer expenditure is minuscule (a fair bit more than West Brom and Palace, but less than everyone else). For instance, roughly half of Southampton’s.

    This is sort of what you expect given our propensity for free transfers and players who are, I think Jol often said “not at their best”? But the result is a squad relying heavily on older players rather than younger ones, and we’ve seen how that is turning out. Young players who will improve rather than decline cost money, more so in transfer fees than in wages, and we haven’t been spending it. Where the blame for this lies I suppose is up for debate (I think it lies with MAF more than we’re willing to admit given all he did for the club over the years), but the spending is what it is.

  3. it is a good graphic, but it’s going to be half way through next season before we learn what applied during this one. (That’s if you go by the small print at the bottom, not the title at the top.) Your point will probably be emphasised, as the promoted clubs will surely have higher wage bills this season than they did last.

  4. And I’ve two comments to add on the transfer figures….They look to be gross of fees received, which is fine because what’s relevant to a Fulham supporter is not whether Spurs, say, laid out £200 million on players with nothing in return (surely not so) but that they are able to call on lots of players who cost upwards of ten million. Unlike us. One of them being (which is my second point) someone for whom they paid us £15 million. That receipt defrayed approximately half our own squad assembly cost, and highlights the degree to which purse-strings had tightened.

  5. Isn’t this a result of FFP? We all get the tv money so what distinguishes teams is their commercial income. That’s why ground expansion is so key, if you can fill the seats.
    Or gamble on signing young players to sell on at a profit.
    Perhaps we thought we could struggle through until bigger ground and sales of academy players? Hence the stop gap of free transfers and an older squad. Looks like it’s come unstuck.

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