Finance
Strong support for GST at BBC Guernsey's southern roadshow
BBC Guernsey political reporter
BBC
The roadshow on the state of the island’s finances was held in Forest on Friday.
Gill Freeman was among people to attend and said her top election issue was balancing the books.
She said she preferred the idea of an increase to the rate of income tax, which the States rejected in favour of GST last year.
She said: “GST is unfair as it gets the lowest paid.”
The agreed States policy, according to the treasury, is to mitigate against the regressive impact of a GST through the lower rate of income tax.

‘Necessary evil’
Former UK Business Minister Lord Digby Jones said he wanted the next States to “have a sense of urgency” when it came to tackling the island’s public finances.
He said: “We need to follow through with GST+, as that is urgent, otherwise we are just going to run out of money.
“That’s not nice to have. It’s a must and we need to big time sort out the dosh.”
Outgoing politician, Deputy Andy Taylor agreed: “This government needs to drum home the actual situation we are in, the financial difficulties in the future.
“If we don’t tackle those we are absolute scuppered.”
On the way to pick up her friend at the airport, Sandra Poulding agreed GST was a “necessary evil” for the island.

Another States member, who is leaving government at the end of this term, Deputy Bob Murray, came to visit the roadshow on the way to grab some Guernsey biscuits.
He expressed his exasperation at the current States and said he was concerned incoming candidates would fail to grasp how big an issue the future of the island’s finances was.
He said: “The island has still not grasped the nettle in terms of the challenges we face, and I think we will have to wait for something like a car crash situation to have people wake up to the problems the island has.
“Hopefully GST will be introduced, it is a major way we can start to address the deficit in public finances. The other crown dependencies won’t deal with us on corporate tax reform until we bring in a GST, why would they?”
A number of general election candidates have promised to reform the island’s corporate income tax system, if they are elected.
While others have suggested a mix of income from corporate tax reform and a new wind farm off the coast of Guernsey would be enough to stop the need for a GST.

Island wide voting ‘not working’
Outside Forest Stores, people weren’t just talking tax, as several voters expressed their frustration with the current electoral system.
As she got some meat for her dog from the shops, Liz stopped by and said the States should go back to the parish system of electing deputies.
She said: “This election is too much, this way of electing is not good for our community.
“People’s days are full, they have children to go home and look after, they don’t have time to go through 82 manifestos.”
Paul Domaille said his top priority at this election was supporting candidates who would reform the voting system: “I don’t think island wide voting is working.”

Population concerns
Former Deputy for the west, Gloria Dudley-Owen, said she’s been “disappointed” with the election campaign so far.
She said: “There are some candidates definitely lacking in knowledge about the issues.”
In the past Mrs Dudley-Owen has campaigned to tighten the island’s population laws and said high levels of net migration to the island were a concern that candidates needed to take seriously.
She said: “I think it’s quite tragic what is happening with our population, we seem to have a bias against helping the Guernsey population.
“Net migration was high last year, we do need workers but I feel our people, our local people are being neglected in their needs when it comes to housing.”
Finance
Paul Pratt has been appointed Director of Finance and Development at Trilogy Hotels
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Finance
Four things we learned from Wisconsin’s 2024-25 NCAA financial filing
Fickell explains the value of players being on board in January
Wisconsin Badgers head coach Luke Fickell explains the value of players being on board in January.
Provided by Wisconsin Badger Football
MADISON – The cost of doing business for the Wisconsin Badgers is nearing the $200 million mark.
The Wisconsin athletic department had $197.9 million in total operating revenue and $193.6 million in total operating expenses in the 2024-25 fiscal year, according to the annual financial report that was due to the NCAA this month and obtained by the Journal Sentinel.
Those figures are up from $190.6 million and $186.7 million, respectively, in the 2023-24 fiscal year. They are nearly identical to UW’s $197.7 million in revenue and $194 million in expenses in 2022-23.
The annual NCAA financial filing comes with several caveats. The way that the NCAA measures revenue and expenses are different from the way that universities may internally count revenue and expenses in their operating budgets. (So the $4.3 million difference in revenue and expenses on the NCAA report does not necessarily equate to a $4.3 million profit.)
The 2024-25 fiscal year ended on June 30, 2025, so the report that becomes available in January 2027 will be more illuminating regarding how Wisconsin is using its resources in the era of direct player compensation following the House vs. NCAA settlement.
That being said, here are three takeaways from the financial report:
Wisconsin’s revenue increasingly tied to media rights
As Wisconsin’s revenue continues to increase, the portion that comes from media rights income unsurprisingly also continues to rise.
The Badgers reported $62.9 million in media rights income in 2024-25 – the second year of the Big Ten’s massive media rights deal with Fox, CBS and NBC – which was up $15.5 million from the $47.4 million in 2023-24. That represented 31.8% of UW’s total reported revenue for 2024-25.
The only other categories that made up more than 10% of total revenue were ticket sales (19.4%), contributions (12.9%) and royalties, licensing, advertisement and sponsorships (12.5%).
Wisconsin reported significantly fewer contributions in the 2024-25 report than in the 2023-24 report – a $16.2 million decrease from $41.8 million in 2023-24 to $25.6 million in 2024-25. But Wisconsin reports the philanthropic funding drawn from the UW Foundation rather than how many contributions the foundation received. So a decrease in reported contributions simply indicates less of a reliance on donations for that fiscal year.
Team travel costs are lower in first season of expanded Big Ten
One of Wisconsin’s biggest areas of savings was in team travel.
After spending $13.7 million in team travel in the 2023-24 fiscal year, Wisconsin reported only $11.2 million in spending on team travel in 2024-25 – an 18.1% decrease. The drop in team travel spending was despite the Big Ten’s addition of USC, UCLA, Oregon and Washington.
Much of that increase can be tied to men’s basketball, which went from spending $2.4 million on travel in 2023-24 to $1.5 million in 2024-25. Football also saw a drop in travel costs from $3.7 million to $3.2 million, which is unsurprising given the proximity of road games at Iowa and Northwestern.
Ticket revenue was booming for volleyball, stagnant for basketball programs
The Kelly Sheffield-led Wisconsin volleyball program has kept winning on the court and in the box office.
Wisconsin volleyball ticket sales jumped from $1.6 million in the 2023-24 fiscal year to $2.3 million in the 2024-25 fiscal year. It is a 36.8% one-year increase and a remarkable 216.3% three-year increase since Wisconsin’s national-championship-winning season.
Football ticket sales revenue increased from $24.1 million in 2023-24 to $25.8 million in 2024-25 despite subpar results in Luke Fickell’s second season. The Badgers went 5-7 in 2024 and missed a bowl game for the first time since 2001. (The ticket sales figures from Fickell’s most recent 4-8 season will be in the 2025-26 NCAA financial report that comes out in January 2027.)
Men’s and women’s basketball each experienced decreases in ticket sales in 2024-25. Greg Gard’s program saw a slight dip from roughly $6.7 million to $6.6 million in ticket sales, and women’s basketball saw a drop from $333,584 to $265,680 in Marisa Moseley’s final season at the helm.
Wisconsin women’s basketball benefited in 2023-24 from a home game against Caitlin Clark and Iowa women’s basketball, which drew sellouts across the country. With Clark off to the WNBA and Iowa not on the home slate in 2024-25, UW did not have that same boost.
An athletic department spokesman said the 2024-25 women’s basketball ticket sales were in line with expectations, and the slight fluctuation for men’s basketball was a result of the home schedule being “less conducive for single-game ticket sales.”
Which Wisconsin teams had biggest budgets in 2024-25
Nearly half of Wisconsin’s total operating expenses – $88.9 million of the $193.6 million – were not attributed to a specific team. That keeps any comparisons between different programs at different schools – Wisconsin football vs. Illinois football, for example – from being apples-to-apples.
But the total operating expenses reported for each team does give some idea of where the Badgers are devoting their financial resources within the athletic department. Here are the six teams that had the highest team-specific total operating expenses in 2024-25:
- Football: $41.5 million
- Men’s basketball: $12.4 million
- Men’s ice hockey: $5.5 million
- Women’s volleyball: $5.3 million
- Women’s basketball: $5.2 million
- Women’s ice hockey: $4.3 million
All other UW teams were below $4 million. Men’s tennis had the lowest total operating expenses of any UW team at just over $1 million.
Finance
German finance minister supports Macron on readying EU trade ‘bazooka’ against Trump
“Everything must be prepared now,” he added, while also emphasizing “we are ready to find solutions. We are extending our hand, but we are not prepared to be blackmailed.”
French President Emmanuel Macron’s office had announced Sunday that France would ask the EU to activate the bloc’s Anti-Coercion Instrument, nicknamed the trade bazooka.
Germany is usually more reluctant to take such far-reaching measures, not least to protect its ailing and export-dependent economy. But Klingbeil’s latest comments signal a willingness to take a harder line with Washington — at least on the part of his Social Democrats, that govern in a coalition government with Chancellor Friedrich Merz’s conservatives.
“We are constantly experiencing new provocations. We are constantly experiencing new antagonism, which President Trump is seeking. And here we Europeans must make it clear that the limit has been reached,” Klingbeil said.
All eyes are now on Merz, who will speak to journalists later on Monday and has in the past been more conciliatory toward the Trump administration than the center-left vice chancellor.
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