[quote author=Rosco link=topic=43540.msg1256677#msg1256677 date=1295426288]
[quote author=peterhague link=topic=43540.msg1256511#msg1256511 date=1295394665]
i never said either of those had nothing to do with benitez. maybe you want to disagree with something i actually said next time?
for the record, though, and just to start you off, i'm still a little confused as to why he takes the blame for the size of our wage bill. you really think managing the club's single biggest budget came within his remit? or maybe, just maybe, there's a chance that it was someone above him that sanctioned deals like glen johnson's £100k a week? by the same token, i guess you credit martin jol and sergio ramos with spurs' excellent finances?
sorry to be testing these theories of yours with anything so cunning as basic common sense btw.
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I credit Commoli and Arnesen with Spur's excellent finances, they're dealings are what put Spurs in the position it's in today. Redknapp will ruin it all thankfully.
Your "analysis" is missing the point, you'll have to point out where the common sense is. There is a strong correlation between the size of the wage bill and final league position. As mentioned before we now spend 120m on our wages, we've consistently been the fourth biggest wage bill spenders yet last year we finished 7th and this year we'll finish lower. The reason for that is the money was and is being misspent. That's largely down to Benitez and those that trusted his judgment.
Wages / turnover ratio is useful for attempting to predict which clubs have the capacity to add to their squad significantly. I don't see what it tells us apart from that
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1. wages/turnover to me seems the crucial figure for analysing how well a club's managing its costs, because the nature of the business of football means that gross wages are going to vary very proportionately with turnover: it's very difficult to keep a cap on that cost if you want to remain remotely competitive (even spurs % seems to have stayed relatively constant, meaning that their gross wages are increasing in line with their turnover). it's no good saying 'oh fuck, we're spending £120m on wages, that's double what we were paying a decade ago!' if the club's turnover has also doubled. that's the economic reality of an industry in which success is judged on points and trophies won rather than net profits.
2. i made the common sense jibe because, honestly, i didn't really consider the possibility that you'd credit spurs' sound finances with people on the footballing side of the business. i hope i'm wrong, but i don't personally see any chance of redknapp being able to affect the sustainability of the club's costs; except perhaps to the extent that his success on the field in making their players champions league commodoties pushes up their wage demands to the level of their new competitors like man utd and arsenal. that's when it could get interesting, imo: when spurs' finances are tested against the need to truly compete with the big boys that we were competing with under benitez - when gareth bale and luca modric are demanding the £130k a week from spurs that they'll be offered elsewhere.
3. i agree that we underachieved last year compared to our wage bill, that's clear enough. so benitez takes the blame for that footballing failure (and the credit for the occasions we've done better than 4th in terms of league position and CL success, as in 2005, 2006, 2007, and 2009) - surely that's different, though, from blaming him for the actual size of the wage bill, and for certain players being overpaid, isn't it? i just don't see how he's responsible for managing that.