[Albion] Albion announce £67 million losses for 2019/20

[Surf's Up]

To me its the death of the summer rumours about big bids for Martinez and the guy that moved to Benfica. It was probably just talk.

Also explains why the club might not want to do the charity of recalling GM from his Watford nightmare.

Also should but wont mean that people stop moaning about the £25m striker they want/demand/think they are entitled to.

Probably increases the chance of Bissouma getting sold in the summer but think that would have happened anyway.

Bollox - where's that £35million striker we need

 

[Return of the Rev]

I know it’s a drop in the ocean, but maybe if those of us who can afford it bought a few things from the shop...

Or maybe players are not paid ridiculous salaries Greed will bring the whole thing down tbh.

 

[carlzeiss]

So we have gone from loosing 1/2 million per week in the Championship to 1over 1 million per week in the premier League . guess that's progress for you

 

[El Presidente]

Hi @ElPres great work. Is there also the case this accounting year to pile in all the exceptionals and carried forward losses / over valuations etc, i.e. get it all out in one hit, blame COVID and allow for healthy P & L for a couple of years?

There are no write downs that I can see in this year's figures/.

 

[El Presidente]

As a result of the latest figures the Albion have now risen to 12th in the list of all time loss making clubs in Premier League history, although could be overtaken when some more clubs release their 2020 figures.

 

[RossyG]

Or maybe players are not paid ridiculous salaries

They are

But I think only two things can really alter that. A collapse of the TV money bubble or the higher ups saying enough is enough.

For the latter to happen, it’ll be a case of who is the first to blink. They’ll fear that they’ll just lose access to the top players and will be demoted.

If I were in charge, post-Covid, I’d ban Sky, BT, the BBC etc from football grounds. The clubs themselves could then put matches on their own subscription service for streaming. Albion TV for us. And maybe they could share the streams of the home teams for away games.

Players’ wages would be capped at £10,000 a week, which is more than enough. Not that I’d expect most of any players to actually get that.

And the executives are wildly overpaid too.

Not that any of this will happen, of course.

 

[Swansman]

As a result of the latest figures the Albion have now risen to 12th in the list of all time loss making clubs in Premier League history, although could be overtaken when some more clubs release their 2020 figures.

View attachment 133059

Woop woop mid-table!

 

[El Presidente]

Woop woop mid-table!

Could be a top ten finish when the 2020/21 figures come out though.

 

[AmexRuislip]

As a result of the latest figures the Albion have now risen to 12th in the list of all time loss making clubs in Premier League history, although could be overtaken when some more clubs release their 2020 figures.

View attachment 133059

Surely our losses are an average with a club of our stature?

 

[Napper]

How would we become sustainable. Sell off all the best players , promote youth , lower the wage structure .

Would likely end up in championship/lower where you dont get tv money + crowds prob suffer so then back to square 1 and lower.

Not sure the answer but it isn't sustainable

 

[Blue Valkyrie]

It shows the importance of moving on some players.

Jahhanbakhsh is £3.4 million of the £45.6 million amortisation hit isnt he ?

 

[Justice]

I’m not sure the fans saved our club in the 90s for it to rack up a 67 million loss just 25 years later. Many people say we need to be in the PL for financial security but I’m wondering if that’s just like a junkie justifying their next fix. For me the worrying thing is where we go from here. If the current model is unsustainable it will likely be replaced by a different ownership structure that may not be palatable with the fans.

Debt is fine as long as it can be serviced ie mortgages.

 

[Machiavelli]

Having matches taking place behind closed doors at the end of the season meant that Brighton’s matchday revenue fell by over a quarter to £13.5 million.

Albion make about £1 million per home match, and so this meant that they are likely to have a financial hit of about £18 million in 2020/21, assuming that there are no matches played before a paying audience for the remainder of the season.

Matchday income historically made up about 13% of Brighton’s total revenue in the Premier League, but it was over half of the total when the club was in the Championship.

FULL ARTICLE >>> http://priceoffootball.com/brighton-2019-20-reel-around-the-fountain/

[Tweet]1354195035265392640[/Tweet]

[Tweet]https://twitter.com/KieranMaguire/status/1354195035265392640?s=20[/Tweet]

I've done this before, but El Pres remains the King

 

[LamieRobertson]

A lot of good zero interest credit card deals currently if anyone wants to chip in

 

[LamieRobertson]

Debt is fine as long as it can be serviced ie mortgages.

That’s where cash flow comes in

 

[Seasidesage]

Nothing we weren't expecting there anyway. Exceptional tough times cause exceptional losses. We are also in the midst of changing models from buying a PL squad to developing one. I think we need to look at the numbers in 3 year cycles rather like FFP.

 

[Justice]

Do away with the transfer window let clubs trade when they need to, would probably also stop clubs getting desperate in the last few days/hours of a window and start offering silly money in pure panic mode.

 

[gripper stebson]

A loss of that amount is the equivalent of Tony Bloom writing a cheque for £183,000 every day for an entire year.

Put that in ya pipe and smoke it!

 

[Herr Tubthumper]

Yes, it's called Burnley.

I’d rather be in debt.

 

[Herr Tubthumper]

Given we are getting new TVs in 1901, I don't think we are on the bones of our arse. Although I might be when I get the renewal cost in March.

It’s a lot more than new TVs. I’m still awaiting confirmation about the long awaited coat rail though.