[Albion] Albion lost £38.9million in 2016/17

[AFCDibby]

Very true. And to be fair, some are still whining.

 

[Sussex Nomad]

good job you got promoted

And your relevance is...

 

[Weststander]

good job you got promoted

True. TB and the club pulled if off.

It get’s harder every season, with a dozen clubs these days throwing huge sums on transfers, loan fees, agents and wages, some bankrolled from parachute monies.

 

[Not Andy Naylor]

Speculate to accumulate. Brilliant when it works.

 

[Stat Brother]

Speculate to accumulate. Brilliant when it works.

Has it though?

Fag packet economics here:-

£40m to get £100m
£40+m to not quite be good enough.
£15+m, perhaps, to plug the obvious gap.

It hardly seems worth it when failure, more often than not, leads to disaster.

 

[Weststander]

Speculate to accumulate. Brilliant when it works.

TB wins again.

 

[Wardy's twin]

I woner how many really appreciate the position we are in.

 

[Sussex Nomad]

Has it though?

Fag packet economics here:-

£40m to get £100m
£40+m to not quite be good enough.
£15+m, perhaps, to plug the obvious gap.

It hardly seems worth it when failure, more often than not, leads to disaster.

I think you are naive to base it on one season.

 

[Stat Brother]

I think you are naive to base it on one season.

It's the only season that guarantees the income, but I do take your point.

 

[dsr-burnley]

As a point of interest has any team, without parachute payments, gained promotion from the Championship losing less in the last 5 years? Burnley the first time maybe, Hull?

Getting promoted seems to be frighteningly expensive, but then the rewards are massive...

Ignore the exceptional £9m promotion costs, because they're to come (in reality) out of next year's money.

Burnley in 2014: £7.9m loss, but without promotion bonuses would have been break-even (turnover £19.6m)
[Burnley in 2016: £3.7m loss, but without promotion bonuses would have been £7.6m profit (turnover £40.0m)]

 

[lancyclaret]

Ignore the exceptional £9m promotion costs, because they're to come (in reality) out of next year's money.

Burnley in 2014: £7.9m loss, but without promotion bonuses would have been break-even (turnover £19.6m)
[Burnley in 2016: £3.7m loss, but without promotion bonuses would have been £7.6m profit (turnover £40.0m)]

At least Brighton and their fans haven't claimed achieving a "Fairytale Promotion" against all odds.....like Bournemouth.

 

[Kalimantan Gull]

Ignore the exceptional £9m promotion costs, because they're to come (in reality) out of next year's money.

Burnley in 2014: £7.9m loss, but without promotion bonuses would have been break-even (turnover £19.6m)
[Burnley in 2016: £3.7m loss, but without promotion bonuses would have been £7.6m profit (turnover £40.0m)]

What were your parachute payments in 16?

If we'd have done it in '16, which we were a hairs breadth away as you know, it would have been a 25m loss rather than 40m, and a sizeable chunk of that was the training ground. Blooms big success was doubling down on the 16 season, selling no-one and adding the missing pieces (Murray, Duffy) that turned the near miss into comfortable promotion. It cost money, but perhaps one of the safer bets he's made at the Albion.

 

[pottert]

£38m loss in a season that the Amex was pretty full.Its not as if we went on a mad spending spree is it.Duffy & Murray the only big signings I can think of. Obviously new contracts were awarded & big bonuses for promotion.
What is scary is if we get relegated this season & struggle next season how much money will we lose then.
I think the cost of running the Amex with all the restrictions imposed to get planning permission are not sustainable unless we are in the premier league.Staff costs total £40m so if we don’t have any players & staff we would only make 2m that is not right.


Sent from my iPhone using Tapatalk

 

[Sussex Nomad]

It's the only season that guarantees the income, but I do take your point.

I tell you what pal, go support a Chinese, American, European, Asian owned team and then come back with your 'worrying' stats. Muppet.

 

[GingerBeerMan]

£38m loss in a season that the Amex was pretty full.Its not as if we went on a mad spending spree is it.Duffy & Murray the only big signings I can think of. Obviously new contracts were awarded & big bonuses for promotion.
What is scary is if we get relegated this season & struggle next season how much money will we lose then.
I think the cost of running the Amex with all the restrictions imposed to get planning permission are not sustainable unless we are in the premier league.Staff costs total £40m so if we don’t have any players & staff we would only make 2m that is not right.


Sent from my iPhone using Tapatalk

I think the long term plan is for the academy to start producing top talent, and so we can sell a player a season to break even. If we can hang in the PL for a few more seasons that should happen.

 

[Stat Brother]

I tell you what pal, go support a Chinese, American, European, Asian owned team and then come back with your 'worrying' stats. Muppet.

Again I take your point and completely agree, although I'm missing it's relevance to 'lets not forget being in the Premier League is expensive'.

 

[Brovion]

Oh how some of us whined when other clubs spent big last season and the season before.

Still we spend wisely.

Yes. It always irritates me when a club gets into financial trouble and everybody says "Oh the poor fans! It's not their fault!" I would argue that, yes, actually it is partly the fans' fault. Fans always demand investment, they want to keep up with Jones' and to do that the chairman must 'open his chequebook' in order to 'take the club to the next level'. And if he can't do that then he should get out of the way for someone who can. Then when it all goes tits up and they realise they've spent money they haven't got in order to reach a level they can't sustain - the fans blame everyone but themselves.

 

[tweenster]

As I understand tax matters (and I am far from an expert), these losses mean that the club will not pay any corporation tax. As a man with many associated business interests it also means that TB can offset these losses against profits in his other businesses and therefore not pay corporation tax on profits elsewhere, this saving him a bunch of cash. He is a clever man and I am sure will be right on top of money matters.

 

[Mellor 3 Ward 4]

Yes. It always irritates me when a club gets into financial trouble and everybody says "Oh the poor fans! It's not their fault!" I would argue that, yes, actually it is partly the fans' fault. Fans always demand investment, they want to keep up with Jones' and to do that the chairman must 'open his chequebook' in order to 'take the club to the next level'. And if he can't do that then he should get out of the way for someone who can. Then when it all goes tits up and they realise they've spent money they haven't got in order to reach a level they can't sustain - the fans blame everyone but themselves.

Very true. And we all hope/expect us to spend big in January too.

 

[Bozza]

But what has Tony Bloom done for us?