The Albion posts losses of £14.7m

[Goldstone1976]

The FL rules say that "Impact of purchase, sale and depreciation of fixed assets excluding players" is an excluded cost. Rent is charged on rented assets in lieu of depreciation on owned ones and so would be allowable IMO, I'm pretty sure the club will have agreed this with the FL.

Hmmm. I don't want to turn this thread into a technical B/S thread, so will make only one point then stand down on the point. The club don't own the stadium Fixed Asset, so, in the club's accounts, isn't the "impact of purchase, sale and depreciation" of the stadium zero? Meaning that rent is simply an operating cost which would not be excluded for FFP? This interpretation would also explain why the rent charged is as low as it is.

I do note that you say that you're pretty sure the club will have agreed the treatment of the rent with the FL.

I'll leave it there.

 

[KZNSeagull]

Rather than assume anything, the accounts state that commercial sponsorship and advertising increased by £0.3M.

But the new deals started this season, so I am assuming that his commission has already been accounted for in these accounts, to reduce the burden on next years accounts.

 

[gripper stebson]

So based on this fact from 2011/12:

'Average Championship earnings are £5,059 a week (£263,068 a year), less than a fifth of players one division above.'

...Paul Barber earns almost double what most of our players get!

 

[Gordon Smith's Paperboy]

Slightly off topic, but can I ask about youth/development squad expenses? I think on Albion Roar it was said that these costs come outside of FFP. If that's so, do the transfer fees and wages of any player signed for the development squad not count in FFP terms?

 

[El Presidente]

Slightly off topic, but can I ask about youth/development squad expenses? I think on Albion Roar it was said that these costs come outside of FFP. If that's so, do the transfer fees and wages of any player signed for the development squad not count in FFP terms?

Not sure about transfer fees, would depend on the age of the player I guess.

 

[Blue Valkyrie]

£480K is well spent, if Paul Barber raises / saves £3-4 million +.

It's Tony who is losing the money here, if he wants to pay Paul that, then who can really complain?

 

[Lady Whistledown]

So based on this fact from 2011/12:

'Average Championship earnings are £5,059 a week (£263,068 a year), less than a fifth of players one division above.'

...Paul Barber earns almost double what most of our players get!

Those poor players. Struggling to get by on an insulting £263,068 per year (or, a lot more than what the Prime Minister of the United Kingdom earns).

 

[seagull_in_malaysia]

I think PB deserves a lot more considering the monotonous e-mails he has to put up with from NSC members

 

[Westdene Seagull]

Those poor players. Struggling to get by on an insulting £263,068 per year (or, a lot more than what the Prime Minister of the United Kingdom earns).

It probably says more about the salary of the PM but, how on earth does someone running a football club and turning a £14.7m loss earn FOUR times the PM who runs UK PLC ?? The world has gone mad !

 

[sydney]

It probably says more about the salary of the PM but, how on earth does someone running a football club and turning a £14.7m loss earn FOUR times the PM who runs UK PLC ?? The world has gone mad !

do you have any idea what the annual loss of the UK. is ...?

 

[Westdene Seagull]

do you have any idea what the annual loss of the UK. is ...?

A very fair point ! OK, rather than relating it to loss, how about responsibility ? Do we really think PB is worth 4 times the PM ( regardless of whom the PM is ) ?

 

[Lady Whistledown]

It probably says more about the salary of the PM but, how on earth does someone running a football club and turning a £14.7m loss earn FOUR times the PM who runs UK PLC ?? The world has gone mad !

I agree. Regardless of your political leanings, the PM earns a basic salary of £142,000 (according to Wikipedia, the fount of all knowledge). Which, by comparison to many company directors, union leaders, entertainers, footballers, bankers/city traders and so on, is ludicrously low.

I suppose that, once retired, they will benefit from a lifetime of lucrative public speaking engagements, and the inevitable advance on the memoirs, but it still seems low, considering the responsibility involved. And yes, I'm aware that Cameron is a millionaire in his own right, regardless of the salary.

 

[The Antikythera Mechanism]

It probably says more about the salary of the PM but, how on earth does someone running a football club and turning a £14.7m loss earn FOUR times the PM who runs UK PLC ?? The world has gone mad !

Tony Blair didn't get a current net worth of £20m on his PM salary. They do have other sources of income.

 

[Silverhatch]

Barber is also the best in the business. Well at least his footballing peers think so after voting him CEO of the year.

 

[Lady Whistledown]

A very fair point ! OK, rather than relating it to loss, how about responsibility ? Do we really think PB is worth 4 times the PM ( regardless of whom the PM is ) ?

But Barber is only worth less than half a Gordon Taylor, who picks up around a million quid a year for representing the interests of poor, downtrodden footballers.

 

[Superphil]

Nobody has bitten yet with the change in thread title re PB! Assuming that a fair whack of that payment is commission on sponsorship deals, I think we can assume that the amount the deals have increased by will be many times larger than his commission, which will be excellent.

Maybe only people with a sensible grasp on reality have read it.

 

[Lady Whistledown]

It does seem a huge amount. But then- as with footballers' wages- you can't blame the individual for accepting the salary, but the employer for offering it.

Presumably someone at the Albion felt it was necessary to pay that much to attract Barber to the club for whatever reason, and as has already been mentioned, it might be performance-based.

 

[martin tyler]

So now with the full accounts out those with te financial brains and seems to know about FFP (you know who you are) are we likely to meet the targets set for next year? (3 million loss i believe with a further 5 million if Tony wants to dip into his pockets further, which is my understanding of the situation.)

 

[Westdene Seagull]

But Barber is only worth less than half a Gordon Taylor, who picks up around a million quid a year for representing the interests of poor, downtrodden footballers.

Now you're just trying to wind me up !!!!!!

 

[Lady Whistledown]

Now you're just trying to wind me up !!!!!!

Bob Crow: £145,000 p/a but still shamelessly residing in his council house?