There's a note in the accounts about this:
Overall creditors value has still gone up by £60m - Bank loans has gone down £30m, so looks like he's still funding the club, to a significant degree.
I would like to think that we’re a damn site better run club now than in 1983. We struggled in the old Division One for three of the four seasons, 1981/82 being the exception. We replaced safe, boring Mike Bailey who took us to 13th with woeful, funny Jimmy Melia who took us down to Division Two.Ron Pavey will be spinning in his grave
But in all seriousness, whilst there’s a touch of marmite about all of us, PB is very very good at what he does, he’s no doubt the envy of many of the EPL clubs who would pay far more for his services. (Chelsea are currently paying the 2nd best ever Albion manager £12 million a year)
Like the League form, cup run etc, let’s enjoy it while we can, unfortunately those old enough can remember the fallow times after Wembley 83.
We are in a far stronger position, in fact light years away, but its a different world.
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Yep and look to our generous owner to prop us up. The PL is a billionaires playground and without them the whole thing just collapses
Well said. I always felt that when we arrived in Division One we weren’t really geared up for it. We still had a Third Division ground with a Meccano/Lego extension to the West Stand as the only structural ‘improvement’. Perhaps in those days club infrastructure and five year plans were not considered as important as they are now.We are in a far stronger position, in fact light years away, but its a different world.
Hence the gulf between Ron Pavey and PB, effectively doing the same job, in different circumstances , 40 years apart.
At 58, having been going since 1973, I’m enjoying every minute, as I know that both in football and in life nothing lasts forever.
UTA
It was always the model, wasn't it? On the basis of these accounts, we made 24m having sold 69m worth of players, so need transfer income of around 44m each season, give or take. Transfer income this season is around 130m + 21m compensation for Potter, so that covers us for this current season, 23/24 and 24/25!
I can't explain everything, but can address one or two oddities:
We're allowed to make an FFP loss of £105 over 3 seasons. We've turned a profit of £24m in 21/22 with 68m transfers, so on the basis of transfers + compo of 150m this season we'll probably turn a profit of around £105m for the current season - total of approx £130m. Given that a big chunk of the costs over the last 2 seasons would be non-FFP cost - e.g. infrastructure depreciation, academy costs, community stuff etc. - the actual FFP profit for the last 2 years is probably nearer 140m.
Habit - innit.
No. The debt owed to us by Newcastle and Arse is still shown as an asset on the balance sheet. Same as when a business might invoice a client in the last monthy of their financial year, but doesn't get paid for 30 days. The invoice goes in the accounts of the year in which the work was completed/invoiced and not in the next year when the money is paid.
Thanks. So us showing a big income on the P&L would suggest we received a big chunk of those fees in the first/only payment rather than spread thinly over a few accounting periods. Nice.
No, I think I must've made a poor explanation on my previous post. To put it as simply as possible: As far as the bottom line for the books for 21/22 are concerned, all of the circa 63m for the combination of the Burn and White sales will be included. Doesn't matter whether all the money was paid up front or not.
