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

[El Presidente]

Tony is still owed £300m but has taken steps to potentially convert £200m into shares, effectively writing it off.

He does walk on water as far as I'm concerned.

 

[Brian Munich]

(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 ??

Not quite. Those sales of Undav, Gilmour and Gross will be in the current year's accounts (to be released in this time next year) as all were in August - Gilmour played for us this season!

 

[Machiavelli]

View attachment 197478

For income, under 'Other' presumably EL income is what boosted things substantially. Would that be right?
Even if it is right, it does raise the question what else goes under 'Other' income as we've got it since being in the PL, but prior to this year's P&L accounts it's been on a rise-then-fall trajectory.

 

[Uh_huh_him]

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.

Looks like it's down to £144m - £74m in Cash and £154m written off/converted to shares??

 

[Giraffe]

PB Earnings?

 

[The Grockle]

Can't quite get my head round a turnover of almost a quarter of a billion pounds.

It's staggering that our relatively modest club has hit this level in such a short time. Thank you Tony

 

[Uh_huh_him]

PB Earnings?

The highest paid director received remuneration of £3,195,000 (2023 - £2,368,000). This remuneration included base salary and both performance-related and long-term loyalty bonuses

 

[seagullsovergrimsby]

PB Earnings?

That's why he always has a smile on his face

 

[jcdenton08]

PB is worth every penny. He’s elite and he’s helping to make us elite too.

 

[hans kraay fan club]

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

The highest paid director received remuneration of £3,195,000 (2023 - £2,368,000). This remuneration included base salary and both performance-related and long-term loyalty bonuses

So whilst Paul Barber's renumeration looks eye-wateringly high, he actually earned 90% as much as our average first team squad member.

 

[Dick Swiveller]

I'm intrigued by PB earnings directly after Paul Barber earnings!

 

[seagullsovergrimsby]

Does the £40M of stadium improvements go into next years accounts or will it be amortised ?

 

[simonl]

Could you have a go at a forecast p&l for 24/25?

 

[Surf's Up]

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.

And still more to come from our benefactor if the rumours are true

 

[Weststander]

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.

When @El Presidente replies, you may want to also add in circa £90m of share capital, also injected into the club by the Bloom's. Only effectively recoverable on selling the club.

 

[Paulie Gualtieri]

I'm intrigued by PB earnings directly after Paul Barber earnings!

It’s his cumulative earnings year on year isn’t it? so he’s seen £18.9m since he’s joined

 

[FatSuperman]

So whilst Paul Barber's renumeration looks eye-wateringly high, he actually earned 90% as much as our average first team squad member.

This is such a key point to remember. Do we think the success of the club would be harder hit by one 'average salary' player leaving, or Paul Barber.

It is stunningly obvious to me at least, that Paul Barber is worth every penny of that.

 

[Brian Munich]

Does the £40M of stadium improvements go into next years accounts or will it be amortised ?

It'll be depreciated as it's an actual thing. I think the rest of the stadium is being depreciated over 50 years, so imagine the improvements will be the same - ie just under 1m a year.

 

[MJsGhost]

Tony is still owed £300m but has taken steps to potentially convert £200m into shares, effectively writing it off.

He does walk on water as far as I'm concerned.

But, but, but... I read somewhere on here that he's just an opportunist who swooped in at the right time to steal all the glory and we'd be European Champions if Dick Knight had stayed on!



(OK, so I made up the last bit)

 

[Curious Orange]

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?

No players, they finally found the Cup Final money.