We are supposed to see the accounts for RAL and Villa tomorrow.
Normally they do come out on time and these will be fascinating. They cover the Mcleish season and saw a lot of cost and wage cutting and should show a better financial position ignoring manager pay offs.
Add in the further wage cuts this season and you should see no further need to cut wages. If there is then I do wonder what is going on.
Things to look out for
- number of full time employees
- The debt structure and whether it has change
- We know randy or the loan has put no further money in so has he took any more out idn ‘management fees’ ?
- The wage to turnover ratio of course
So will be fascinating to see these and usually they are earlier than this.