From newspaper report total budget is around 5k per week of which 4k is wages; so 80% of expenditure. And it seems that expenditure is more than income at present so that pushes the wage bill over 90% of turnover approx. No expert, but is there not guidelines in relation to spending on wages when giving out licences?
Two problems highlighted in this story in relation to the LoI;
1 nearly all income seems to go on wages, resulting in poor infrastructure and lack of player development structure (see Pat Fenlon and B team at Shamrocks)
2 the general (correct?) feeling that being in the first division is a disaster for any club
If the league hopes to prosper both these problems need to be sorted. So lets have a one division league and central contracts for players.
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