[Albion] The Albion 2013-14 financial results thread

[RexCathedra]

Football budget up (£1m) to £20.7m

Total investment by TB...............................£205 million

Not enough. Not nearly.

I demand -- demand -- that Bloom reduce himself to penury to provide me with the Premier League football to which I am entitled by right as an Albion fan.
We can get started with some overpriced and ill-considered transfer-window panic purchases, thank you very much.

 

[Postman Pat]

Total investment by TB...............................£205 million

But £130.5m owed to TB.

 

[somerset]

Highest paid director £652k (up from £480k)

Give us an opinion from the economics sector EP,...... it appears encouraging to me as a layman.

 

[HawkTheSeagull]

Correct, but it would cost you a pound to do so, and many people are unfamiliar with the process, so fair play to the club.

Thought so - fair play indeed.

 

[Diego Napier]

At least we can rave about what a good job Paul Barber os doing, despite zapping all the fun out of going to The Amex.

or you could put your hand in your pocket and cover the shortfall.

 

[KZNSeagull]

Another 11m of TB's loan converted into shares.

 

[sdmartin1]

Potential extra transfer money that could come in from the sale of Bridcutt and Barnes.............................£4.3 million.

Sunderland UP
Burnley UP
Palace DOWN

It makes sense for the Albion if these come true.

We mugged off Gus good and proper for Bridcutt, seem to remember him saying at the time he couldn't believe how cheap we had sold him for.

 

[Gazwag]

Good to see the sale of women and girls has gone up from £27k to £82k

 

[Tony Meolas Loan Spell]

Highest paid director £652k (up from £480k)

Far far too much IMHO

 

[El Presidente]

Give us an opinion from the economics sector EP,...... it appears encouraging to me as a layman.

My gut feel is that Tony Bloom wanted someone to cut costs at the club, and this has been achieved, without affecting the football budget.

I'll be honest, I have had conversations with Paul Barber and David Jones (the FD) and both are very professional, and have answered all questions at length. Some people won't like that, but ultimately it's TB's view that counts given his investment in the club.

Overall full time employee numbers are up from marginally from 239 to 243, matchday part time staff numbers down from 572 to 524.

We are still a long long way from breaking even though.

 

[Garry Nelson's Left Foot]

Does the 10.5million loss include all the transfer money we made? Plus, I thought the FFP loss was meant to be under 8million? Has it changed? If it has, would we have failed it or have we done some creative accounting whereby more is lost this year to help us out for next?

 

[El Presidente]

Far far too much IMHO

It includes a bonus from Southern Rail for getting the trains running on time.

There are three CEO's in the PL who are on over £2 million, and most are on at least £1m.

 

[Cadiz Seagull]

Far far too much IMHO

How many of our players earn more than that? PB is far more important to the club than any individual player.

 

[El Presidente]

Does the 10.5million loss include all the transfer money we made? Plus, I thought the FFP loss was meant to be under 8million? Has it changed? If it has, would we have failed it or have we done some creative accounting whereby more is lost this year to help us out for next?

Some costs are excluded for FFP purposes, so once these have been deducted it will be below the £8m threshold.

 

[somerset]

We are still a long long way from breaking even though.

I doubt we could get anywhere near break even, Premier League or not,... but do you feel the right things are taking place, the trajectory right?

 

[KZNSeagull]

Catering income down by 0.5m

 

[Dick Knights Mumm]

Far far too much IMHO

This is my reaction whenever football salaries are revealed. I suppose the last CEO who was paid a sensible amount was Ken Brown.

 

[Dick Knights Mumm]

How many of our players earn more than that? PB is far more important to the club than any individual player.

I will agree when he gets over 30 goals a season for us.

 

[JBenno]

My gut feel is that Tony Bloom wanted someone to cut costs at the club, and this has been achieved, without affecting the football budget.

I'll be honest, I have had conversations with Paul Barber and David Jones (the FD) and both are very professional, and have answered all questions at length. Some people won't like that, but ultimately it's TB's view that counts given his investment in the club.

Overall full time employee numbers are up from marginally from 239 to 243, matchday part time staff numbers down from 572 to 524.

We are still a long long way from breaking even though.

Although the sale of Ulloa isn't on these accounts and due next year.
So effectively we just need to sell 1 x Leo Ulloa annually to break even. Simple.

 

[JBenno]

I will agree when he gets over 30 goals a season for us.

To be fair, Paul Barber is only 1 goal behind our 'Marquee' summer striker signing......