Middlesbrough have tried everything to get back into the Premier League since being relegated in 2009, they have tried spending money, doing nothing and appointing new managers, however the Yorkshire club still occupy England’s second division.
With attendances getting lower by the year and parachute payments nearing their end Middlesbrough have decided to cut their wage bill. At the moment the club are spending approximately £17m per year on wages which is by far the highest in the Championship.
The Middlesbrough owner, Steve Gibson, has admitted he is disappointed with this season, especially when he invested a great deal of money into the club. In the summer of 2010 Middlesbrough signed Kris Boyd, Nick Bailey, Stephen McManus, Kevin Thomson, Tarmo Kink, Andrew Halliday, Scott McDonald and Maximillian Haas. The total of these transfers were around £6m, a big investment for a Championship club. In today’s market that is actually pretty cheap, however the signings have increased Middlesbrough’s annual wage bill by £4.5m.
One of the players who may have to leave as a result of Middlesbrough’s financial difficulties is the Scottish international, Kris Boyd. The ex-Rangers star moved on loan to Nottingham Forest in March and may move their permanently.
Middlesbrough’s financial state is unsustainable for a Championship club, their revenue has gone down dramatically since relegation but spending would appear to have increased.
BORO have this morning confirmed that Willo Flood and Maxi Haas will leave the club this summer, while Andrew Davies is expected to return to Stoke City after his loan spell at the Riverside. With the wage cuts taking place it has become clear that if Middlesbrough want another shot at Premier League football they will have to rely on up and coming youngsters rather than big money names.
Written by Thomas Munson
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