[Albion] Albion announce £122.8m profit for the 2022/23 season

[dazzer6666]

Exactly, so somehow we've got to become a big club and win things and play in Europe every season. So how do we make that happen?

Every season?

 

[Jim in the West]

I just noticed that the accounts were actually signed off on 9th October - ie, 6 months ago! Obviously every club now has to make it's accounts available to the Premier League much sooner, but it's interesting how the club have held them back (publicly) until the last possible day (I'm assuming they were submitted to Companies House immediately prior to the 31st March deadline).

 

[Commander]

Kind of makes their ‘But how is this going to be paid for?’ stance on safe standing in the North Stand look a bit silly, doesn’t it?

 

[warsaw]

Every season?

Yes that would be great but it is a factor in trying to retain our best players. Can we ever reach a point where players are happy to play for us rather than leave for Liverpool?

 

[dazzer6666]

Kind of makes their ‘But how is this going to be paid for?’ stance on safe standing in the North Stand look a bit silly, doesn’t it?

Not in my view.….there’s always the opportunity cost to consider as well as the value of any expenditure (and careful management of those being precisely what delivered the results in the first place). Could equally say that it ‘makes our failure to spunk £50m on a PL-ready midfielder a bit silly’……..

 

[dazzer6666]

Yes that would be great but it is a factor in trying to retain our best players. Can we ever reach a point where players are happy to play for us rather than leave for Liverpool?

Not until we pay Liverpool-level wages (spoiler - we won’t)

 

[dazzer6666]

No idea really - Maybe around £500 m? Not really enough profit to not only claw back his outstanding loan investments but feel good about the sale.

I doubt whether TB would ever sell outright, maybe his majority share ownership? Perhaps PBOBE might eventually take a majority share.

PBOBE is on a decent wedge but not sure he’s going to offer TB upwards of £300m for a majority share……..anyway, TB is on record as saying his son is going to take it over when he can’t run it any more.

 

[Mancgull]

No idea really - Maybe around £500 m? Not really enough profit to not only claw back his outstanding loan investments but feel good about the sale.

I doubt whether TB would ever sell outright, maybe his majority share ownership? Perhaps PBOBE might eventually take a majority share.

Think it would be nearer to £750m with the modern infrastructure in place.

 

[AZ Gull]

Given that the figure includes the Mac Allister income, presumably the dates would imply that it also includes our record outlay on João Pedro as well.

That might not have had any impact on the P&L yet. Do new player contracts have an earliest start date of 1 July, even if effectively concluded in May and June?

The £29m fee [ @AZ Gull to confirm] is charged as a cost over 5 equal annual instalments.

Given that Watford included the receipts of the Joao Pedro sale in their 2022-23 accounts, I think it is safe to assume that his purchase is included in these Albion results:-

 

[Terry Connor]

Can't wait for the next episode of The Price of Football. Chance for the dullard to cash in on all those cheap jibes the so-called comedian still comes out with. Except he's too classy to rub it in.

 

[Nobby Cybergoat]

I'm not banging on about wanting signings, but going through a line of logic, which i'm very happy to have corrected or added to

If we're going to spend big in the summer it stands to reason that we're likely to do it for two reasons

1) Other clubs will have to sell by the end of June
2) Financially, we would prefer to buy before the end of June, because then the figures will be on this seasons accounts, which we know will be very good, rather than next seasons, which although will probably be fine, we don't know about yet

 

[Terry Butcher Tribute Act]

I'm not banging on about wanting signings, but going through a line of logic, which i'm very happy to have corrected or added to

If we're going to spend big in the summer it stands to reason that we're likely to do it for two reasons

1) Other clubs will have to sell by the end of June
2) Financially, we would prefer to buy before the end of June, because then the figures will be on this seasons accounts, which we know will be very good, rather than next seasons, which although will probably be fine, we don't know about yet

Re point 2, only 1 years worth of a signings contract goes on the accounts, so not sure they will be that fussed if it comes this year or next - the same amount will be in both. It will just change which year it comes off

 

[Terry Butcher Tribute Act]

Presumably it's not possible to see how much has been made/lost on the women's team?

Or how much impact Mitoma had on the club shop?

 

[nwgull]

Given that Watford included the receipts of the Joao Pedro sale in their 2022-23 accounts, I think it is safe to assume that his purchase is included in these Albion results:-

This is not the case. Pedro’s 30m fee will have come off of the cash balance, but he’ll have been included on the asset register with a value of 30m. Net result: zero loss. This value willl be amortised over the 5 years of his contract, so in terms of the accounts he’ll cost the club 6m a year until either his current contract expires or he signs a new deal.

 

[Cotton Socks]

Our profits next year will be from Chelsea paying an extortionate release clause for our accountancy team - their pens and the grey filing cabinet in the corner as add ons

They better not take Buzz!!
I would've added in whoever the 'X' admin was, that used to be a WUM as well, but no trolling 'X' tweets have been posted on here for ages, so I assume they're not allowed to troll on 'X' anymore. Which is a shame, as I thought they were funny.
#PBOBE OUT for not letting admin troll other clubs (or letting us have bottle tops).

 

[Gabbiano]

This is incorrect. Pedro’s 30m fee will have come off of the cash balance, but he’ll have been included on the asset register with a value of 30m. Net result: zero loss. This value willl be amortised over the 5 years of his contract, so in terms of the accounts he’ll cost the club 6m a year until either his current contract expires or he signs a new deal.

So sales are included as the full sale price upfront but purchases are spread across the length of the contract? That seems really odd.

 

[origigull]

Fantastic bit of cash to play with in the transfer window. It mind boggling

 

[portlock seagull]

So next season, how big is our war chest?

Are we talking Sam Fox or…?

 

[Thunder Bolt]

Fantastic bit of cash to play with in the transfer window. It mind boggling

It just puts the prices up.

 

[MTSeagulls]

So sales are included as the full sale price upfront but purchases are spread across the length of the contract? That seems really odd.

Sales would have the balance of the amortised purchase price knocked off to show a net profit/loss on a sale of asset.