11 Tips To Manage Club Finances In Football Manager 24

Managing club finances is one of the most intriguing parts of the game as most of your club’s long-term vision relies on its finances.

Although you don’t have full control over your finances, you can massively impact it through your decisions and management. 

Today, we’re going to talk about club finances in Football Manager and how you can best manage your team’s finances.

Club Finances In Football Manager: An Overview

A quick visit to the Finances screen will give you all the information you need about your club’s finances. 

There, you can see the available transfer and wage budget your board has allocated you to spend. You’ll also get to learn about your club’s financial situation, its income and expenses, sponsors, debts, and future financial projections. 

The Club Finances screen in Football Manager.

Depending on your club’s balance, Football Manager gives your club one of the following statuses:

  • Rich: Your club is very well-funded and maintains a healthy financial status. 
  • Secure: The club is doing well financially and looks stable for the upcoming days.
  • Okay: The club is not extremely wealthy but maintains a healthy balance. 
  • Insecure: Running on a negative balance. Requires loans and cash injections to stay afloat. 
  • Very Poor: The Club has reached a very poor state of finance where it’ll be forced to go into administration and sell its valuable players to keep it afloat. 

Having a better financial status allows your board to allocate more transfer and wage budget for your club. 

11 Tips To Manage Club Finances in FM24

Just like how it works in real life, the manager never has any control over the team’s finances. 

But you can directly impact your club’s finances and manipulate the board’s decisions through your actions at the club.

So here’s 11 tips on managing club finances in Football Manager 24:

1. Sell Overpaid Fringe Players

You want to get rid of the “deadwood” players immediately after taking the helm of the club.

Deadwood players are fringe players who are being paid ridiculous wages for warming the bench. These players are draining your club financially without contributing much to the team. 

So you want to make sure to get rid of them as soon as possible. 

If you want to keep those players around, negotiate a lower wage with them to ease your payroll concerns. 

2. Build A Wage Structure

Organizing a well-planned wage structure gives you good control over your wage expenses. It also helps you avoid overpaying certain players. 

Here’s how you should allocate your wage budget among your squad:

Player TypePercentage of Total Basic Wage(%)
Star Player10%
Important Player10%
Regular Starter40%
Squad Player30%
Impact Sub3%
Fringe Player7%

The wage structure helps me to keep track of my wage spending. It also helps me identify the players being paid more than their playing time justifies.

Once I have the wage structure figured out, I can either negotiate a lower wage for my fringe players or get rid of them. 

The Salary screen showing salary structure for players in the squad.

3. Avoid Contract Termination

When you take control of a club, you’ve to deal with staff members and players you don’t want around. And here’s where a lot of new FM players make a common mistake. 

They immediately look to terminate the contract of those staff members. But doing so means the club has to pay the compensation for contract termination.

A staff member/player with a long-term contract will cost a lot of money in compensation if their contract is terminated. 

So it’s best to sell the player/staff in question or let their contract run down. 

4. Don’t Sign Unnecessary Staff Members

Just because the board allows you to hire additional staff members doesn’t mean you should. 

Adding new staff members usually doesn’t put much burden on the payroll. But it can be a big deal if your club is struggling financially. 

You don’t need roles like Technical Director and General Manager if you’re handling contract negotiation of your staff and players. 

Similarly, you don’t need additional coaches and analysts if your backroom staff team is better than average. 

You can save around 10k/week in wages, which is a big deal in lower leagues. 

Don’t invest in hiring U21, and U18 staff members if your club doesn’t have a good youth system. It’ll make very little impact on your team performance-wise. 

5. Play Lucrative Pre-Season Friendlies

Club friendlies are a great way to generate extra income in the preseason.

To maximize your revenue from ticket sales, arrange friendly matches against high-reputation clubs. This will guarantee increased ticket revenue which can be a sweet source of income for your club. 

The friendlies screen in Football Manager.

I look to hold friendlies on international breaks to inject some revenue mid-season. It’s a great strategy to get players on top match sharpness and make your club some money. 

But be careful about your team’s morale! 

Winning against a bigger team will give your team a healthy morale boost. However, losing on the other hand can equally damage that. 

So be careful of holding friendlies against bigger opponents if your team is already struggling with poor morale. 

6. Find Senior Affiliates

Although they don’t generate much revenue for the team, senior affiliates can help you with free loans!

Choosing a senior affiliate with a good youth academy will give you free loan access to their talents! 

This can save you a lot of money on your wage budget as you won’t have to pay those salary percentages for the player!

Plus, it doesn’t hurt to receive those extra income near the end of the season. 

7. Go on Cup Runs

Going on cup runs helps the club’s finances immensely through gate receipts. The higher you climb the cup ladder, the more lucrative gate receipts you’ll get!

The prize money for reaching the latter stages of the cup competition also helps a great deal with the club’s balance. 

It’s a win any way you see it! So try to push for a cup run.

8. Sign Free/Cheap Transfers

Not paying a dime in transfer for a quality player is a great piece of business. 

If you’re smart with your transfer strategy, you can buy promising players for free and sell them for profit in a few seasons. 

This is how a lot of smaller clubs make money.

Keep an eye out for players who are running out of contract. Shortlist them and swoop in for their signature as soon as they’re available for transfer. 

A player whose contract has expired will be available for free transfer. You can find free agents by going to Scout > Players >  Players in Range > Quick Search > Contract Expired. 

On the other hand, a player who is in their last year of contract will have a cheap market value. 

You can find them in Scout > Player > Player in Range > Quick Search > Contract Expiring. 

These players will save you a fortune in transfer budget and generate huge revenue in sales if you’re smart with your contract negotiation. 

The following factor impacts a player’s transfer value in Football Manager:

  • Contract Length
  • Salary
  • Matches Played
  • Age
  • Future Potential

9. Sign High Reputation Players

Players with a high reputation have their own fanbases who’ll flock to your club if you sign them. 

Think about it for a second. Why does Tottenham Hotspur have such a dominance in South Korea?

Simple. It’s because of Hueng Min Son!

Signing international stars from football-crazy nations will significantly increase your club’s global reputation and merchandise sales. 

It’ll also attract extra fans in your stadium. 

International stars from the USA, China, South Korea, and Japan generate the most revenue from merchandise and shirt sales. 

To check a player’s reputation, go to his Profile > Overview > Information

10. Add Clause and Installments for Player Sale

Clever placement of clauses and installments in a player’s sale can see your club making a lot more money in the long run. 

Instead of asking for full payment upfront, you can settle on receiving installments that pay more in the span of a few years. 

Football Manager allows 2 types of installments: 

  • 6 monthly
  • 12 monthly

As for additional fees, you can use them to trigger the buying club to pay you more if certain conditions are met.

Here are the following additional fees that can generate extra income from a player sale:

  • After League Appearances
  • Per League Appearances
  • After International Appearances
  • Minimum League Goals
  • Players to Exchange
  • Bonus After Competition Achievement

Now, let’s talk about clauses. 

Clauses allow your club certain perks from the sale of the player. This can ensure additional income in the long run. 

Football Manager allows you to add the following clauses for player sales:

  • Loan Back Length
  • Percentage of Profit From Next Sale
  • Percentage of Next Sale
  • Buy Back Price
  • Selling Team Wage Contribution
  • Arrange Friendly

11. Go On Winning Streaks

A winning streak also brings a larger attendance to your grounds, resulting in higher ticket revenue. 

Just like in the real world, the fans in the game are more eager to visit the matches if you’re likely to win.

Winning streaks help your stadium’s average attendance rise up. Playing entertaining football also contributes to a high number of fans flocking to the stadium. 

Maintaining a high number of stadium attendance throughout the season helps your club generate maximum ticket revenue from the stadium. 

Final Words

Going bonkers with your finances in FM will see your team go under administration and sell all your key players. 

A common mistake players make is constantly buying players in installments. This keeps racking up huge debts over time for the club and can end up bankrupting the establishment. 

Similarly, going overboard with your wage budget can see your team handed a penalty by the FFP.

So try being sensible with your wage and transfer policy for secure financial standing. 

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