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Post by Rangers77 on Oct 16, 2024 8:41:37 GMT
Read that when John Hollins came to QPR in 1975 he was paid £70 per week, which was £3,640 per annum...... Which apparently is £46,396 in today's money. It's another world.
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Post by MattyRangers on Oct 16, 2024 8:54:12 GMT
Yea it's insane now. I mean football (in my lifetime anyway, born in 1990) has always been awash with money & footballers incredibly well renumerated, but the last 10 years or so it has just exploded hasn't it.
When you hear a PL footballer is on, say, £50k a week you almost think "oh is that it" as we are used to hearing the mega money wages banded about. But when to translate that into 'real world' money and realise that's £2.6m a year and compare against the salaries earnt by very wealthy Commercial Directors etc of companies, it's absolutely staggering isn't it.
Just wish I tried harder as a kid lol
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Post by Corbray on Oct 16, 2024 11:51:46 GMT
it's mental lol BUT a fair reflection all things considered. football brings in so much money that clubs have no choice but to pay enormous wages.
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Post by MattyRangers on Oct 16, 2024 11:55:50 GMT
it's mental lol BUT a fair reflection all things considered. football brings in so much money that clubs have no choice but to pay enormous wages. Yea I get it don't get me wrong. Tens of millions (if not more) pay to watch them do their 'job' (said loosely haha). Economically it makes sense. Just wild when you think about it. |
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Post by Rangers77 on Oct 16, 2024 12:11:48 GMT
What's crazy is that £46K, in today's prices, was an elite salary in 1975, and one with which you could have a perfect normal life. £10K was the price of an average London house, so you'd live large on £3K pa. Today £46K is worth far, far less. And an average home, not house in London costs £531K
Progress.
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Post by MattyRangers on Oct 16, 2024 12:58:45 GMT
Property price is an interesting example for comparison purposes for sure 77. It is actually a massive bug bear of mine ha hear a lot of older folk talk about "well I bought my house when I was 20 just fine" (made up quote but you catch my drift). This article puts it well: www.financialreporter.co.uk/income-to-house-price-ratio-more-than-doubles-since-the-70s.htmlBasically average house price throughout the 70s sat at £9,277 (equivalent of £68,493 today) with average salary £2,265 (£16,723 today) - so 4x average salary. Today it is £286,489 average house price & £32,432 average salary - so 8.8 x salary. Obviously this is compounded in London in particular where property prices are insane. Sorry random tangent - but semi interesting IMO anyway lol |
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Post by Bill on Oct 16, 2024 14:32:46 GMT
Yes in the 70,s mortgage rate went up to 15 percent.
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Post by hubble on Oct 17, 2024 5:27:47 GMT
Property price is an interesting example for comparison purposes for sure 77. It is actually a massive bug bear of mine ha hear a lot of older folk talk about "well I bought my house when I was 20 just fine" (made up quote but you catch my drift). This article puts it well: www.financialreporter.co.uk/income-to-house-price-ratio-more-than-doubles-since-the-70s.htmlBasically average house price throughout the 70s sat at £9,277 (equivalent of £68,493 today) with average salary £2,265 (£16,723 today) - so 4x average salary. Today it is £286,489 average house price & £32,432 average salary - so 8.8 x salary. Obviously this is compounded in London in particular where property prices are insane. Sorry random tangent - but semi interesting IMO anyway lol In other words: we've been robbed. |
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Post by MattyRangers on Oct 17, 2024 6:19:47 GMT
Property price is an interesting example for comparison purposes for sure 77. It is actually a massive bug bear of mine ha hear a lot of older folk talk about "well I bought my house when I was 20 just fine" (made up quote but you catch my drift). This article puts it well: www.financialreporter.co.uk/income-to-house-price-ratio-more-than-doubles-since-the-70s.htmlBasically average house price throughout the 70s sat at £9,277 (equivalent of £68,493 today) with average salary £2,265 (£16,723 today) - so 4x average salary. Today it is £286,489 average house price & £32,432 average salary - so 8.8 x salary. Obviously this is compounded in London in particular where property prices are insane. Sorry random tangent - but semi interesting IMO anyway lol In other words: we've been robbed. Yep. |
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Post by gtleighsr3 on Oct 18, 2024 11:08:23 GMT
Just said that Ferguson was getting 2 million a year for last 13 years as a Man U ambassador 😳
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