Wage Bill is 59M

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summitclaret
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Re: Wage Bill is 59M

Post by summitclaret » Sat Apr 06, 2019 10:42 am

I would hate it but we are probably going to have to sell tarks in the summer to finance the upgrade of our below standard cm. We will bring in someone line Schindler at cb.

aggi
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Re: Wage Bill is 59M

Post by aggi » Wed Apr 24, 2019 8:51 pm

I see that Dyche was repeating this after the Chelsea match. A little disingenuous.
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FactualFrank
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Re: Wage Bill is 59M

Post by FactualFrank » Wed Apr 24, 2019 8:54 pm

cricketfieldclarets wrote:22m bonus to qualify for something we didnt want to be in. Seems illogical.
Please don't ever be a manager.

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Re: Wage Bill is 59M

Post by Vegas Claret » Wed Apr 24, 2019 8:55 pm

summitclaret wrote:I would hate it but we are probably going to have to sell tarks in the summer to finance the upgrade of our below standard cm. We will bring in someone line Schindler at cb.
Tarks will go for what 35-40 million ?

Plenty of players we can get rid of before Tarks that would comfortably get us to half that amount

Bin Ont Turf
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Re: Wage Bill is 59M

Post by Bin Ont Turf » Wed Apr 24, 2019 8:57 pm

aggi wrote:I see that Dyche was repeating this after the Chelsea match. A little disingenuous.
Why?

Have I missed something?

Royboyclaret
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Re: Wage Bill is 59M

Post by Royboyclaret » Wed Apr 24, 2019 9:03 pm

aggi wrote:I see that Dyche was repeating this after the Chelsea match. A little disingenuous.
Indeed.

A total of £82m which represents a 33% increase on the previous year. An increase very few will have predicted.

Bin Ont Turf
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Re: Wage Bill is 59M

Post by Bin Ont Turf » Wed Apr 24, 2019 9:12 pm

Royboyclaret wrote:Indeed.

A total of £82m which represents a 33% increase on the previous year. An increase very few will have predicted.

But no one would have predicted the £41 million in the Champions promotion year either.

Bonuses aren't a new thing for us.

Paul Waine
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Re: Wage Bill is 59M

Post by Paul Waine » Wed Apr 24, 2019 9:31 pm

Guys, if Burnley pays wages of £60 million to the first team squad, the government will collect employer's national insurance of £8.28 million (charged at 13.8%). Let's add £5 million for Sean Dyche and his coaching staff - again, plus ERS NI of £0.7m - we are now at £74 million reported in the financial accounts under "wages and salaries."

Let's assume that Sean was speaking of wages without including bonuses - we've only got another £5 million left for 1st team squad bonuses (add ERS NI, again). There's not much left for the rest of the playing staff - and the backroom/club admin.

I don't play FIFA football manager. Do the club budgets you've got to play with include stuff like social security taxes?

UTC

Royboyclaret
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Re: Wage Bill is 59M

Post by Royboyclaret » Wed Apr 24, 2019 9:36 pm

Bin Ont Turf wrote:But no one would have predicted the £41 million in the Champions promotion year either.

Bonuses aren't a new thing for us.
The £41m for 2016 was entirely predictable, a basic of £28m plus £13m bonuses. The 2015 figure was £29m so a realistic increase from the previous year with a promotion bonus included.

The real surprise for some of us has been the subsequent two year increase since then from £41m to £82m. I think that's the point to which aggi refers.

aggi
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Re: Wage Bill is 59M

Post by aggi » Wed Apr 24, 2019 9:44 pm

Bin Ont Turf wrote:Why?

Have I missed something?
Because it doesn't match up to what the wages were or will be. Just because we pay part of our wages as a bonus doesn't mean that it's not still wages.

Bin Ont Turf
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Re: Wage Bill is 59M

Post by Bin Ont Turf » Wed Apr 24, 2019 9:54 pm

Royboyclaret wrote:The £41m for 2016 was entirely predictable, a basic of £28m plus £13m bonuses. The 2015 figure was £29m so a realistic increase from the previous year with a promotion bonus included.

The real surprise for some of us has been the subsequent two year increase since then from £41m to £82m. I think that's the point to which aggi refers.
If it was 'entirely predictable' in 2016, then it should have been for this last year. It's the wage bill that has doubled in that time, not the bonuses.

And it doesn't take a lot of working out why......... Defour, Brady, Cork, Wood, Walters, Bardsley and even Hendrick etc.

They weren't coming here for peanuts.

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Re: Wage Bill is 59M

Post by Bin Ont Turf » Wed Apr 24, 2019 10:01 pm

aggi wrote:Because it doesn't match up to what the wages were or will be. Just because we pay part of our wages as a bonus doesn't mean that it's not still wages.
That only makes sense if we are expecting to finish in a European spot.

Dyche mentioned the wage bill in response to Sideshow Bob's anti football comments.

Meaning that if we could throw the sort of money that Chelsea can and do at wages for players, then we would have better players and we wouldn't need to spend so much time defending and having just 20 odd % possession of the ball.

Bordeauxclaret
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Re: Wage Bill is 59M

Post by Bordeauxclaret » Wed Apr 24, 2019 10:04 pm

Dyche clarified his comments didn’t he? He mentioned the bonus as well.

dsr
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Re: Wage Bill is 59M

Post by dsr » Wed Apr 24, 2019 10:20 pm

The bonus in 2016-17, just for stopping up, was £12m wasn't it? I would have thought that much was paid again. Which leaves about £10m extra for the extra 10 places.

Royboyclaret
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Re: Wage Bill is 59M

Post by Royboyclaret » Wed Apr 24, 2019 11:05 pm

Bin Ont Turf wrote:If it was 'entirely predictable' in 2016, then it should have been for this last year. It's the wage bill that has doubled in that time, not the bonuses.

And it doesn't take a lot of working out why......... Defour, Brady, Cork, Wood, Walters, Bardsley and even Hendrick etc.

They weren't coming here for peanuts.
A fair point regarding the new players, but several players also were removed from the Wage bill during that time and the likes of Michael Keane and Andre Gray were not "on peanuts" either.

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Re: Wage Bill is 59M

Post by Royboyclaret » Wed Apr 24, 2019 11:09 pm

dsr wrote:The bonus in 2016-17, just for stopping up, was £12m wasn't it? I would have thought that much was paid again. Which leaves about £10m extra for the extra 10 places.
The financial accounts to Jun'17 included a total Wage bill of £61.2m, there's no indication at all within those accounts or the notes to suggest the amount of bonuses paid for avoiding relegation.

The £12m bonus to which you refer I suspect is the previous year when the figure was itemised in the accounts.

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Re: Wage Bill is 59M

Post by dsr » Wed Apr 24, 2019 11:48 pm

Royboyclaret wrote:The financial accounts to Jun'17 included a total Wage bill of £61.2m, there's no indication at all within those accounts or the notes to suggest the amount of bonuses paid for avoiding relegation.

The £12m bonus to which you refer I suspect is the previous year when the figure was itemised in the accounts.
No, it's a memory of what I believe Sean Dyche said was the bonus paid to the players for stopping up. Nothing to do with the 14-15 figure, which I think is what you're referring to - that was the promotion bonus.

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Re: Wage Bill is 59M

Post by bfcmik » Thu Apr 25, 2019 12:47 am

Paul Waine wrote:Guys, if Burnley pays wages of £60 million to the first team squad, the government will collect employer's national insurance of £8.28 million (charged at 13.8%). Let's add £5 million for Sean Dyche and his coaching staff - again, plus ERS NI of £0.7m - we are now at £74 million reported in the financial accounts under "wages and salaries."

Let's assume that Sean was speaking of wages without including bonuses - we've only got another £5 million left for 1st team squad bonuses (add ERS NI, again). There's not much left for the rest of the playing staff - and the backroom/club admin.

I don't play FIFA football manager. Do the club budgets you've got to play with include stuff like social security taxes?

UTC
There is an Upper Earnings Limit for NI contributions which is currently around £950 per week. The x thousands of £ paid above that UEL does not require any payment of National Insurance by either the player or the club.

AndyClaret
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Re: Wage Bill is 59M

Post by AndyClaret » Thu Apr 25, 2019 6:06 am

aggi wrote:Because it doesn't match up to what the wages were or will be. Just because we pay part of our wages as a bonus doesn't mean that it's not still wages.
But it's linked to where we finished, which we get extra money for, so it is relevant.

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Re: Wage Bill is 59M

Post by Paul Waine » Sun Apr 28, 2019 5:25 pm

bfcmik wrote:There is an Upper Earnings Limit for NI contributions which is currently around £950 per week. The x thousands of £ paid above that UEL does not require any payment of National Insurance by either the player or the club.
Hi mik, the limit on the employers' contribution disappeared a long time back. There is no limit on ERS NIC - Burnley FC pays 13.8% to HMRC on every penny paid in wages (and bonuses and other benefits, if any) to the players above the LEL (lower earnings limit).

https://www.gov.uk/guidance/rates-and-t ... 19-to-2020" onclick="window.open(this.href);return false;

Employers also have to pay NIC on employees who are still in work after their 65th birthday.

And, employees earning more than the upper earnings limit pay 2% NIC on the above limit portion of their weekly/monthly wage (except 65 and over).

If Burnley have a wage bill of £60 million, the government receives (approx), 45% tax + 2% EES NIC + 13.8% ERS NIC, £36 million of this figure. £28 million from the players and £8 million from the club.

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