Tranmere submit their 23/24 accounts reports football finance guru Kieran Maguire. Revenue wass £6m up 10%. Wages were £4.5m up 13%. Wages £75 for every £100 revenue. Operating losses £1.5m up 9%. Player purchases £0 Player sales £0. Cost of squad £25k. Borrowings £1.3m. Total losses over time £7.8m. Since the accounts were published TRFC has raised £160k in fresh shares and taken out loans The club is currently 22nd in League Two.
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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