Skip to main content

Record profits at West Brom

They may be facing relegation, but West Bromwich Albion made record profits of £26.7m in 2016/17, up from a loss of £5.3m in then previous year, the sixth highest profit in the top flight on one measure. Of course in large part, this reflects the benefits of the Premier League TV deal. They spent only £5m of the extra £40m on wages, but may have been setting themselves up for a fall in doing so.

Kieran Maguire of the Price of Football writes: 'West Brom have shown that a club can survive for many years in the Premier League on a relatively modest wage bill. They have had a strategy, which to be fair has worked for many years, of spending less on transfers than their peer group. It now, unless Darren Moore can pull off the greatest escape of all time, as if this approach has finally caught up with them. At the start of each season they have been in the dozen or so clubs who "could" get relegated for some time, and this looks like being the season when gravity finally wins.'

You can read Kieran Maguire's in depth analysis here: Dazed and confused

Labels:

Comments

  1. Anonymous1 May 2018 at 05:13

    It's not always about money ask Everton. At the end of the day you need to buy good players who are willing to work and the manager need to make sure his squad is balanced. West Brom didn't do that this or last really. Yes they look for cheap players but they also bought a lot of risk with many players having question marks on their - Fitness, talent & attitude. These are reasons why most clubs wouldn't buy a player but at Albion it became the reason why the would.

    In many ways very similar to the first time they were religated when injuries resulted in a lack of centre backs and centre forwards. This time it was creative players. And although they had strikers they were not proven goal scorers. So few chances and those they came were met with a low goal ratio.

    ReplyDelete

Post a Comment

Popular posts from this blog

Fulham requires big funding from owner

After lengthy delays, Fulham’s shiny, new Riverside Stand has finally opened, creating “a unique Thameside destination with first class facilities for supporters and partners on match days, as well as for the wider community year-round”. This ambitious project has increased Craven Cottage’s capacity by around 4,000 to 29,600, while it has also taken advantage of the club’s fantastic location and wealthy catchment area by including two Michelin star restaurants, a rooftop swimming pool, corporate hospitality and event space, all benefiting from views of the Thames. Chief executive Alistair Mackintosh observed, “Fulham is the sort of club that can have a business class or first class and have fans that turn left on a plane.” Indeed, there is also an exclusive members club – with a football season ticket as an optional extra. It’s fair to say that “the times they are a-changing”, as this is a long way from the traditional pie and a pint. However, in a world where clubs face the tw...
Post a Comment
Read more

It's no deal say Spurs insiders over Taiwanese takeover

Senior figures at Tottenham Hotspur insisted on Friday that they had not been informed of any deal to sell Daniel Levy’s stake in the club. A business group, Eight Sports Capital — which is said to include a billionaire Taiwanese financier — claimed that it had an agreement in place to buy a 24.99 per cent stake in ENIC, the club’s majority owners, from Levy, who owns 29.88 per cent. The Times has been told Ng Wing Fai and Brooklyn Earick form part of the group, having both been linked previously to potential takeovers of the Premier League club. The Taiwanese businessman, Richard Tsai, is also said to be part of the consortium. He is reportedly worth £7 billion.  Last year Earick, the former DJ and tech entrepreneur, was part of an attempted £4.5 billion takeover, which was “unequivocally rejected” by Spurs.  An ENIC spokesperson said: “We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’...
Post a Comment
Read more

Threat of financial calamity removed from Baggies

West Bromwich Albion had effectively been in decline ever since the club was sold to a Chinese consortium in August 2016, paying a figure north of £200m to buy former owner Jeremy Peace’s stake. Controlling shareholder Guochuan Lai’s ownership was fairly disastrous for the club, but his unloved tenure finally came to an end after Bilkul Football WBA, a company ultimately owned by Florida-based entrepreneur Shilen Patel and his father Dr Kiran Patel, acquired an 87.8% shareholding in West Bromwich Albion Group Limited, the parent company of West Bromwich Albion Football Club. This change in ownership was urgently required, due to the numerous financial problems facing West Brom, including growing high-interest debt and serious cash flow concerns, following years of no investment from the former owner. Indeed, West Brom’s auditors had already rung the alarm bell in the 2021/22 accounts when they cast doubt on the club’s ability to continue as a going concern without making player s...
1 comment
Read more