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You are the chairman http://www.pooliebunker.co.uk/newbunker/viewtopic.php?f=77&t=49299 |
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Author: | qwerty keyboard [ Fri May 03, 2013 8:14 am ] |
Post subject: | You are the chairman |
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? |
Author: | offshorepoolie [ Fri May 03, 2013 10:19 am ] |
Post subject: | Re: You are the chairman |
Can't understand a word.. Words displayed may not be the ones inputted...thanks tapatalk |
Author: | jkg [ Sat May 04, 2013 9:04 pm ] |
Post subject: | Re: You are the chairman |
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 |
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