In what way are you in good financial health, 70+ mil debt, 20-30mil of that to banks rest to the bank of Dave, wage bill of 37mil, with BY FAR the highest dependancy on tv money which is the biggest difference between the prem league and championship.
If you were breaking even with 20mil sponsorship/stadium income and 20mil tv, and were still bringing in 25mil next year it wouldn't be so bad, but with 4mil gate receipts, seemingly unknown sponsorship(but tiny anyway) and 40-50mil tv money, with the latter almost completely disappearing, well 16mil parachute payment and I'm not sure if the normal championship tv money + prem league cash(most clubs get 4.6mil a year for both at the moment) is added on top or if the parachute payment is instead of it. So essentially 40-50mil income drops to at best 20mil, maybe only 16mil.
Financial health isn't remotely looking good, but it depends highly on, who would buy what players for how much, and how many players are on sensible deals that put in an automatic HEAVY wage drop for getting relegated. Some teams seem sensible enough to do it, some ridiculously don't. The parachute payments mean that relegated clubs have a budget normal league one clubs can't remotely come close to, however due to the often not sane wages of players who stay, its often not close to enough.
What happens to Wigan, who knows, it will depend which players force their way out, how much you get for them, and how much they can reduce wages, without the answers to those questions, who the hell knows.
Someone should pick up Figueroa, he can be completely awesome, and utter beast of a man. Mcmanaman, maybe, Malloney, Kone at his price I would be surprised if he would agree to a tiny wage relegation clause so wouldn't be surprised to see him leave. Mcathur, Mcarthy, Scharner I can all see people buying them as well. If that amount of players left, and the rest had automatic HEAVY wage drops they could be fine financially but with such a drastic squad chance Martinez(or someone else) would need to buy very well to get straight back up.
Basically the end of august will see what kind of squad they have for a promotion campaign and before some news about their wage bill is given out no one will have a clue how safe they are financially. Bouncing straight back up is going to be pretty damn important for a team with huge net debt and an owner that isn't THAT rich. ultimately the only chance in hell they have of ever paying off that debt is being in the prem league again and making a profit.
