Albion announce £10.4 million loss - but remain within Fair Play rules [The Argus]

Albion have announced a loss of £10.4 million for last season.
But the club have confirmed they again complied with Financial Fair Play requirements.
The club’s figures for the 2014-15 season, in which they struggled on the pitch, show a slight fall in operating losses.
Turnover fell by £300,000 to £23.7 million but costs were cut off the pitch.
Albion reported losses of £10.6 million for the previous season and £15.3 million in 2012-13.
Last season’s deficit was £10,439,000
Chairman Tony Bloom told fans his ambition remained for the club to compete in the Premier League.
He said streamlining off the field had helped boost the paying budget.

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In his written report to shareholders, Bloom said: ”I am pleased that, despite a testing season on the pitch, the work undertaken by our staff off the pitch – in particular in making our business more efficient while still growing our income in key areas – allowed us to achieve the majority of our non-football targets.“That enabled us to invest £3 million more in the club's football budget, despite the significant challenges presented by the Financial Fair Play rules during 2014-15.”



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