[Albion] Albion announce £73.9m profit for 2023-24

[Bozza]

Turnover up 8.9% to £222.4m - a club record
Matchday income rose 13.4% to £27.9m - another club record

Player sale profits: £110m
Player spend: £123m
Average weekly wage: £68k

Tonly Bloom loan repayment: £74m

 

[Man of Harveys]

Right: P&R queue roof now please. I think they can afford it.

 

[Stuart Munday]

Right: P&R queue roof now please. I think they can afford it.

It’s coming for Amex cardholders only.

 

[Badger]

How much does a monorail cost?

 

[Chicken Run]

And a monorail

 

[Man of Harveys]

It’s coming for Amex cardholders only.

Cool!

 

[Han Solo]

This is the one with the Caicedo money in it right?

 

[Tom Hark Preston Park]

Rejoice! Rejoice!

 

[Bozza]

This is the one with the Caicedo money in it right?

Yes.

 

[Iggle Piggle]

I could look this one up myself but I've had 3 pints and TBH I can't be arsed.

Which player sales are included in this one?

 

[spence]

Correct

Next years should be massive loses due to spending 200 million on players ?

 

[El Presidente]

 

[El Presidente]

Next years should be massive loses due to spending 200 million on players ?

No, player cost is spread over contract life, and Minteh signing is included in these figures as took place before 30 June

 

[The Clown of Pevensey Bay]

They could have let us all in FREE every GAME and STILL made a profit. Bloom OUT.

 

[Uh_huh_him]

Turnover up 8.9% to £222.4m - a club record
Matchday income rose 13.4% to £27.9m - another club record

Player sale profits: £110m
Player spend: £123m
Average weekly wage: £68k

Tonly Bloom loan repayment: £74m

So is that 73.9m profit after paying TB back £74m?
Or has all the profit gone back to TB?

 

[El Presidente]

Albion are now the 4th most profitable club in Premier League history, despite only getting there in 2017. As recently as 2021 they were 41st.

We have one man and one man only to thank for all of this, and we all know where the club would be without him. Step forward Tood Boehly.

 

[chaileyjem]

Next years should be massive loses due to spending 200 million on players ?

(i think) Some of that £200m was before June 30 2024 so already included in this years accounts and transfer fees are amortised so £200m doesn't = spend as spread over lifetime of a contract.
eg: Minteh (£30m) .

And i think sales in this 23/24 period include Undav, Gilmour, and Pascal (c £40m) but yes will include the amortised fees for O Riley, Wieffer, Georginho, Gruda, Gomez and Kadioglu. looks like the current amortised spend is £39.4 .

Am i getting this right @El Presidente ??

 

[El Presidente]

So is that 73.9m profit after paying TB back £74m?
Or has all the profit gone back to TB?

It's genuinely just a coincidence

 

[Bozza]

So is that 73.9m profit after paying TB back £74m?
Or has all the profit gone back to TB?

They're two different and independent things.

 

[Mellotron]

So how much is Tony still owed?

Be interesting to see if we see any significant differences to approach in spending once he is paid off.