You are the chairman

qwerty keyboard · **Posted:** Fri May 03, 2013 8:14 am

You are the chairman of a football club and have to set a budget for your fitst team coach and chief execttive to build a squad for the coming season. Projected season ticket sales, sponsorship, advertising, tv and radio revenue, sales of beer and pies, shirts etc gives a turnover of £1million. You are allowed to spend 65% of turnover on player's salaries. Now answer the following:

a) How much money can you spend on player's wages
b) If you release 7 players who cost 33% of your budget how much money will you have
c) Alternatively you let the players go on holiday and you'll knock something together when they get back?

offshorepoolie · **Joined:** Wed Oct 14, 2009 7:32 pm **Posts:** 6011

Can't understand a word..

Words displayed may not be the ones inputted...thanks tapatalk

jkg · **Joined:** Wed Apr 10, 2013 9:34 pm **Posts:** 7

To answer this you need to apply the Financial Rules of Modern Football, 1993 Edition

Quote:

[With a] turnover of £1million. You are allowed to spend 65% of turnover on player's salaries. Now answer the following:

a) How much money can you spend on player's wages

As much as you like -- borrow the remainder from your tax account and let the next guy sort it out.

Quote:

b) If you release 7 players who cost 33% of your budget how much money will you have

None, but it doesn't matter, because see a)

Quote:

c) Alternatively you let the players go on holiday and you'll knock something together when they get back?

Well, why the hell not?

This is a time honoured tradition in modern football, and I don't see why you Poolies would expect it to be any different

You are the chairman

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