Relegation threatened Forest Green Rovers have published their accounts for 2022/23. Revenue was £8.4m (record level) up 32%. Wages £5.4m up 35%. Player purchases £382k. Player sales £0. Squad cost £439k. Almost £1m in the bank They claim to be the world’s greenest football club.
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
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ReplyDeleteForest Green Rovers FC look certain to get back to back relegation. Going vegan was a missed steak as vegan food is not that popular. All clubs must concentrate on the football and just make sure they sign good players. No club should promote a diet.
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