[h=3]It's a whole new ball game as Albion reveal £9.1m loss[/h]3:00pm Saturday 23rd March 2013 in Albion
Life has changed dramatically for Albion since arriving at The Amex
Albion have announced a loss of £9.1 million for their first season at The Amex.
But wages*are taking up less of their income than was the case at Withdean.
Figures revealed this morning underline the huge culture change of their switch to a state-of-the-art home in Falmer as turnover trebled to £22.2million.
Income from ticket sales rocketed from £2.3 million to £7.9 million and commercial sponsorship and advertising increased from £832,000 to almost £4 million.
Catering income was £1.25 million compared to £35,000 in the last season at Withdean.
Retail income rose four-fold to £2 million and the club banked £5.7 million from TV compared to*£1.6 million on their way to winning the third tier.
Promotion to the Championship also brought its rewards from central funds.
The club received £5.7 million in cash*distributed by the Football League and Premier League solidarity payments compared to £1.6 million in League One.
But total costs increased from £14.7 million to £31.6 million.
Staff costs doubled to £14.7 million and the number of operational and admin staff rose from 64 to 122.
The club also recognised the expense of running the stadium under the heading "other costs" which rose from £7.5 million to £16.9 million.
Wages accounted for two-thirds of income, compared to 95% at Withdean when the club lost £6.8 million.
Original article
Albion have announced a loss of £9.1 million for their first season at The Amex.
But wages*are taking up less of their income than was the case at Withdean.
Figures revealed this morning underline the huge culture change of their switch to a state-of-the-art home in Falmer as turnover trebled to £22.2million.
Income from ticket sales rocketed from £2.3 million to £7.9 million and commercial sponsorship and advertising increased from £832,000 to almost £4 million.
Catering income was £1.25 million compared to £35,000 in the last season at Withdean.
Retail income rose four-fold to £2 million and the club banked £5.7 million from TV compared to*£1.6 million on their way to winning the third tier.
Promotion to the Championship also brought its rewards from central funds.
The club received £5.7 million in cash*distributed by the Football League and Premier League solidarity payments compared to £1.6 million in League One.
But total costs increased from £14.7 million to £31.6 million.
Staff costs doubled to £14.7 million and the number of operational and admin staff rose from 64 to 122.
The club also recognised the expense of running the stadium under the heading "other costs" which rose from £7.5 million to £16.9 million.
Wages accounted for two-thirds of income, compared to 95% at Withdean when the club lost £6.8 million.
Original article