ms brush
Saga Lout
With a small squad (which we have) and a small backroom team (which we have), our total wage bill is low for a professional football club. Even if what is being stated, that our top earners are on Ā£1.9k a week, our overall wage costs will have been scruitinised and deemed workable for now, maybe while things are going well, and expect to see some transfer sales if they dont - the difference will be that COSU will not be stuffing the money down the back of the sofa!The club had a wage bill of Ā£2.65m 2022/23 and had 98 employees (64 of these were playing and coaching).
Some of those other employees will be part-time and others will have joined/left during the year.
We are technically classified as an SME, with that number of staff and size of paybill. We do not qualify to pay into the apprenticeship levy (which starts at a paybill of Ā£3m), and that to me would be more indicative of our wages being subject to an internal upper budget, which keeps wages below that threshold. This is because you then have to pay 0.5% of your total wages into the apprenticeship levy, over and above all your other employment costs. There is no advantage to the club in becoming a levy payer until we get back ito the EFL, because this would likely be a net loss to the club if we are not employing many apprentices, and this then becomes money we cannot afford to lose at this point. It would only become more viable as and when we rebuild the academy. Then they can use the levy to pay for apprenticeship training for the youngsters.
On a tangent there, sorry!