[Albion] Albion make £12m profit in 2017/18

[BBassic]

Do people still say soz ? - Clearly they do, I'm definitely no longer a 'with it' 'down with the kids' person

I get the occasional 'soz' almost immediately followed by 'not soz'.

 

[El Presidente]

Agreed. Never used it in my life. You would have thought that was for kids. Obviously not

We are the mods, we are STREET.

 

[Lower West Stander]

Here's most of it.

View attachment 102909

Thanks - yep, so TB's £32m was to buy players. Without this the club would zero cash on balance sheet

 

[m20gull]

Your summary assumes that no players will ever be SOLD (or even just be released - freeing up wage commitments)

I was expecting players to be sold or released, which is what I meant by additional wages. Replacing one player on our maximum with another is OK, but replacing a second - string adds to the costs. My observation was about how small the margin is and its constraint on our spending. With a view to sustainability that is a constraint I can live with.

 

[GOM]

Agreed. Never used it in my life. You would have thought that was for kids. Obviously not

Same here, I thought it was just kids/teenagers saying sorry but not meaning it

 

[Tim Over Whelmed]

Good news, finally in the black, Tony’s investment was worth it.

With identical broadcasting income to us, it will be interesting to see how Fulham and Wolves fare in their first PL accounts. Given their huge spend in fees, agents fees and wages for well known internationals.

I wouldn't say less than 6% interest, IF he took all the spare cash, was a great return for the risk. That said I don't think he's looking at it that way? Hopefully as the seasons go by the squad gets stronger and more valuable and the returns increase to actually start paying back some of the capital on the loan?

 

[Motogull]

Loss of £39m to profit of £12m

Another way of putting that is a swing in the 'right' direction of £51M.

Am I right in thinking that none of the 'whatabout' wankpuffins have commented yet? Are they okay?

 

[Weststander]

Thanks - yep, so TB's £32m was to buy players. Without this the club would zero cash on balance sheet

Pay off the overdraft, pay for £10m of new infrastructure.