Quote: MattyB "
It wouldnt matter if Wakey had Abramovich as owner. Other than fund them a new ground and spend up to the cap what could he spend the money on?
To look at real wealth as a club surely it means profitable (as any idiot can chuck money without gain), I'm sure I've heard that only two SL clubs make a profit over the years - Leeds and Hull FC.
In our Whelan days our losses were approx 500k pa, due to spending up to (and if necessary over) the cap, no sponsorship gain from JJB as shirt sponsors, transfer fees, lack of merchandising income, since IL came in he has reduced our losses to about 150k (we did spend 100k on Gleeson), we also slowly have improved merchandising and sponsorship plus we have a superb rental agreement with the Stadium Company. We should be looking at break even / small profits year on year, that's without any prize money that may come our way.'"
Edited for accuracy.