- Jul 7, 2003
- 47,221
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The Albion posts losses of £14.7m
- Thread starter Jo Wadsworth
- Start date
Alex Alex Dawson oo! oo!
Primary data is fact
- Jul 7, 2003
- 47,221
[tweet]433598106199150592[/tweet] 
£500k would be about right all-in, including salary, bonuses, BIK and some contribution from share options (but not IPO- or trade sale levels of option benefit) IF the business was decently profitable. For a loss-making business that is forecast to continue making losses, it's very high. However, this is football, so not a normal business. Also, critically, the shareholders (well, the only one who counts, who owns ~93%) are self-evidently happy to pay it. There's no doubt that PB is an excellent CEO of the club. The progress that the club has made over the last 2 years is nothing short of phenomenal in commercial terms. I wouldn't be a bit surprised if other clubs have tried to tempt him away; this level of compensation makes it much harder for them to succeed.
Gordon Smith's Paperboy
Member
- May 18, 2013
- 57
So, potentially, would Monakana's transfer and wages not count for FFP?
sydney
tinky ****in winky
AZ Gull
@SeagullsAcademy Threads: @bhafcacademy
[MENTION=31]El Presidente[/MENTION] - I know that the financial accounts have various adjustments before they are submitted for FFP purposes. My question - which set of accounts are the starting point - would it be the accounts of the Holding company, or the football club?
Dick Knights Mumm
Take me Home Falmer Road
You working at Liverpool University will have been red rag to a bull. Top work.
I just want you to know that I was listening to you in bed last night
OMG
I'm sure it was a great cure for insomnia.
It's the football club.
seagullsovergrimsby
#cpfctinpotclub
The performance related pay bonus is more likely to be linked to all round savings made by the CEO plus his commission on new partnership deals , sponsorships and advertising may have been paid up front before they became effective for the 13/14 season.
It's unlikely that any performance related pay would be just linked to cost savings; that would encourage cost cutting which may have a short-term benefit to the individual but have a catastrophic effect on the long-term viability of the club. Similarly, CEO's tend not to get commission on particular deals; it incentivises poor decision-making at best, fraud at worst. Much more typically, CEO's are incentivised on profit (or, in this case, minimising operating loss) or, sometimes, increasing controllable revenue. In BHA's case, given the job is to both increase revenue and reduce cost, while leaving available as much money as possible for the playing budget, I suspect that the principal target would be to minimise non-football budget operating losses, perhaps with some non-financial kickers, such as customer service, though non-financial measures are notoriously difficult to measure. I have a lot of experience in remunerating CEO's, but none at all of running a football club!
- Jul 7, 2003
- 47,221
OMG
I'm sure it was a great cure for insomnia.
To be strictly accurate, I was listening to you, Matt, Al and Ady.
Romantic, no?
The Merry Prankster
Pactum serva
Yeah, but we felt like gooseberries.
matthew
Well-known member
Kind of shows how well Arsenal have done balancing their books. But still we've won a trophy before them.
Addiseagull
New member
- Nov 30, 2005
- 80
yes fully agree!