The Albion posts losses of £14.7m

[Hamilton]

The accounts are public.... what 'detail' are we not privy to?

Strategy. You're not privy to that.

 

[Rugrat]

Not surprised personally.
Anyone with common sense would have put as much debt as possible onto last years accounts to assist the next set of figures as its them that count for FFP.

I'd be very surprised if much of this were simply bringing forward costs ... I might even think as much as possible has been deferred

 

[B.W.]

Do you know this for sure? For instance how much did we pay Gus off. I don't think that would have been cheap

He got nowt.

 

[B.W.]

Cooey!

Pointless saying too much until I see the statutory accounts. Need to see how much of the costs are disallowable for FFP purposes, and also the extent to which costs are non-recurring in nature (such as redundancy). It does show why the club was so keen to dismiss Poyet and his team without having to fully pay up their contracts.

Thanks EP. << Waits with interest for your analysis of the statutory accounts >>

 

[tinycowboy]

When do the statutory accounts come out? Time for the NSC accountants to show their value, cutting through the sorcery of the accounting policies and unlocking the small print in the provisioning. The devil is in the detail...

 

[Black Rod]

I thought he said we had reached the ceiling.

Remember, according to TB, the playing budget has been INCREASED by 6% for Oscar compared to what Gus had last year.

He was constantly bemoaning the lack of money, hence the rubbing the fingers gesture towards the directors box and his constant gripes about not getting a striker before Ulloa arrived.

Given these losses and how thorough Barber seems to be, I'm certain they wouldn't increase the playing budget if they didn't think it was affordable. Those new sponsorship deals Barber has been striking must be pretty lucrative

 

[B.W.]

I thought I heard we decided to settle out of court?

No, Gus dropped the case with no compo.

 

[HawkTheSeagull]

I imagine that the new sponsorship deals Barber has struck with Amex and Heineken etc will be worth a fair bit

Would i be right in saying that when Barber joined in 2012, his sponsorship deals didnt start until this season, meaning income from them will count towards the current financial year ?

 

[Seasider78]

A few things that concern me

1) with some of the highest ticket prices and attendances our championship revenues are extremely high
2) despite this our operational costs are 74% of our turnover
3) player salaries at this level are out of control

How much can the club realistically do about number 2 whilst number 3 shows no signs of reducing. Oh that leaves number 1 then........

Football is indeed a mess

 

[Blue Valkyrie]

No, Gus dropped the case with no compo.

And in any case these accounts are for Amex year 2.

 

[Black Rod]

Would i be right in saying that when Barber joined in 2012, his sponsorship deals didnt start until this season, meaning income from them will count towards the current financial year ?

They won't show up until the 2013-14 season accounts, so a years time in other words

 

[CorgiRegisteredFriend]

Us fans need to spend more on pies. More Pies!

 

[B.W.]

And in any case these accounts are for Amex year 2.

Provision to be released?

 

[Alex Alex Dawson oo! oo!]

Cooey!

Pointless saying too much until I see the statutory accounts. Need to see how much of the costs are disallowable for FFP purposes, and also the extent to which costs are non-recurring in nature (such as redundancy). It does show why the club was so keen to dismiss Poyet and his team without having to fully pay up their contracts.

Was curious at having nothing from "Monitor" at Companies House so I've just looked and they're not available online there yet, either for Club or the Holding Company (haven't checked for CSC). I'm surprised the Albion has gone for the press release without the full accounts/returns being available?
There's going to be something like £4-5M of stadium depreciation in here?

 

[HawkTheSeagull]

They won't show up until the 2013-14 season accounts, so a years time in other words

Good, so thats an extra few million off the losses.

 

[Grombleton]

At least it gives self righteous people like yourself a reason to swell your post count eh

nerve successfully struck, it seems.

 

[goldstone]

This news clearly been published now for yet another season ticket price hike. Not that I'm blaming the Club or whatever but simply to say that football is absolutely knackered at the top level and this kind of £"!$ makes me want to jack it all in and watch a sport thats not the plaything of billionaires.

What's the point of trying to compete when you can't even break even despite having a packed stadium every week charging the highest prices in the league.

Whilst I can afford it and will pay it, I'm sure even a jump of £10 a month will make it more difficult for themselves to justify and that's even die hard fans. I know my dad will struggle. Can see attendances dropping significantly next season.

Many very valid points in this post.

 

[kevtherev]

As ridiculous as it sounds, in the bigger scheme of things I don't think it's that bad really. Selling Ulloa would probably wipe out half of that in one hit.

 

[The Large One]

Hopefully El Pres can get hold of a copy of the accounts, scour them, make sense of them in his own spare time, and then spend an hour of his Saturday talking about them on air, I'm sure he'd want it that way.

 

[Black Rod]

Good, so thats an extra few million off the losses.

I imagine that some of that money has been directly fed into the playing budget for this season if the 6% increase on 2012-13's is true. Whether we've used up the budget or not is another issue entirely obviously