10. Finance
The finance page lets you keep track off how you are spending and making money each week.
Each week, there is a financial update where the monies owed to you, and the monies that you are due to pay, are credited to and debited from your account. The balance shown at the top is how much money you had in the bank immediately after the last financial update, while the figure in brackets in the amount of money you will have in your account after the next financial update if you make no more transaction before then.
All transactions that take place during the week are added to the profit/loss account shown and the balance figure in brackets is updated accordingly.
This is what each of the areas of the profit/loss sheet contain:
Income from Gate Receipts - Any income due from matches played during the week. See the
Ground section for details of how this is calculated.
Income from Sponsors - This amount will depend on how good your relations with your sponsors are, your position within the league, and how high your league is.
Income from Interest - If you had money in the bank at the last financial update, then they will pay you interest on it. You can increase this interest with financial advisors.
Income from Miscellaneous - Simply contains everything else that you can gain money from such as sales of players, prize money and membership payments from fans.
Costs for Ground Maintenance - Although your groundsman will only take a small salary, he will have costs for the week and not only in the preparation of the wicket, but to maintain the spectator areas. Details of spectator area costs are given in the ground section.
Costs for Salaries - All your players and backroom staff need to be paid, and this is where that cost will show.
Costs for Interest - Like with good interest, if you had an overdraft at the last financial update, then you will have to pay interest on that money. Any financial advisors may be able to help get a better rate though.
Costs for Youth Academy - Showing the level of investment into your youth academy.
Costs for Miscellaneous - Any other costs that incurred during the week show up here, including firing backroom staff, promoting from the academy and buying players.
The bank will give you an overdraft facility up to £350,000. If you exceed that level at the time of your countries weekly financial update then the Bank will give you a week to get back below the threshold. If you fail, then you will be declared bankrupt and lose your team! So be very, very careful with debt.
Although there is the large overdraft facility available, you can only use the first £150,000 to buy players with. Once below that level, you will not be allowed to buy players. When determining your balance for this purpose, the bank will be looking not only at the state your balance will be in come the next finance update; they will also take into account any players that you currently have bids on and/or players that you are selling and have received offers for.