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[Albion] Albion announce £122.8m profit for the 2022/23 season







Jim in the West

Well-known member
NSC Patron
Sep 13, 2003
4,710
Way out West
I just noticed that the accounts were actually signed off on 9th October - ie, 6 months ago! Obviously every club now has to make it's accounts available to the Premier League much sooner, but it's interesting how the club have held them back (publicly) until the last possible day (I'm assuming they were submitted to Companies House immediately prior to the 31st March deadline).
 


Commander

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Apr 28, 2004
13,209
London
Kind of makes their ‘But how is this going to be paid for?’ stance on safe standing in the North Stand look a bit silly, doesn’t it?
 




dazzer6666

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Mar 27, 2013
53,586
Burgess Hill
Kind of makes their ‘But how is this going to be paid for?’ stance on safe standing in the North Stand look a bit silly, doesn’t it?
Not in my view.….there’s always the opportunity cost to consider as well as the value of any expenditure (and careful management of those being precisely what delivered the results in the first place). Could equally say that it ‘makes our failure to spunk £50m on a PL-ready midfielder a bit silly’……..
 






dazzer6666

Well-known member
NSC Patron
Mar 27, 2013
53,586
Burgess Hill
No idea really - Maybe around £500 m? Not really enough profit to not only claw back his outstanding loan investments but feel good about the sale.

I doubt whether TB would ever sell outright, maybe his majority share ownership? Perhaps PBOBE might eventually take a majority share.
PBOBE is on a decent wedge but not sure he’s going to offer TB upwards of £300m for a majority share……..anyway, TB is on record as saying his son is going to take it over when he can’t run it any more.
 


Mancgull

Well-known member
Nov 28, 2011
5,155
Astley, Manchester
No idea really - Maybe around £500 m? Not really enough profit to not only claw back his outstanding loan investments but feel good about the sale.

I doubt whether TB would ever sell outright, maybe his majority share ownership? Perhaps PBOBE might eventually take a majority share.
Think it would be nearer to £750m with the modern infrastructure in place.
 




AZ Gull

@SeagullsAcademy Threads: @bhafcacademy
Oct 14, 2003
12,239
Chandler, AZ
Given that the figure includes the Mac Allister income, presumably the dates would imply that it also includes our record outlay on João Pedro as well.

That might not have had any impact on the P&L yet. Do new player contracts have an earliest start date of 1 July, even if effectively concluded in May and June?

The £29m fee [ @AZ Gull to confirm] is charged as a cost over 5 equal annual instalments.

Given that Watford included the receipts of the Joao Pedro sale in their 2022-23 accounts, I think it is safe to assume that his purchase is included in these Albion results:-

 


Terry Connor

Active member
Oct 21, 2022
121
Can't wait for the next episode of The Price of Football. Chance for the dullard to cash in on all those cheap jibes the so-called comedian still comes out with. Except he's too classy to rub it in.
 


Nobby Cybergoat

Well-known member
Jul 19, 2021
7,618
I'm not banging on about wanting signings, but going through a line of logic, which i'm very happy to have corrected or added to

If we're going to spend big in the summer it stands to reason that we're likely to do it for two reasons

1) Other clubs will have to sell by the end of June
2) Financially, we would prefer to buy before the end of June, because then the figures will be on this seasons accounts, which we know will be very good, rather than next seasons, which although will probably be fine, we don't know about yet
 




Terry Butcher Tribute Act

Well-known member
Aug 18, 2013
3,380
I'm not banging on about wanting signings, but going through a line of logic, which i'm very happy to have corrected or added to

If we're going to spend big in the summer it stands to reason that we're likely to do it for two reasons

1) Other clubs will have to sell by the end of June
2) Financially, we would prefer to buy before the end of June, because then the figures will be on this seasons accounts, which we know will be very good, rather than next seasons, which although will probably be fine, we don't know about yet
Re point 2, only 1 years worth of a signings contract goes on the accounts, so not sure they will be that fussed if it comes this year or next - the same amount will be in both. It will just change which year it comes off
 




nwgull

Well-known member
Jul 25, 2003
14,159
Manchester
Given that Watford included the receipts of the Joao Pedro sale in their 2022-23 accounts, I think it is safe to assume that his purchase is included in these Albion results:-


This is not the case. Pedro’s 30m fee will have come off of the cash balance, but he’ll have been included on the asset register with a value of 30m. Net result: zero loss. This value willl be amortised over the 5 years of his contract, so in terms of the accounts he’ll cost the club 6m a year until either his current contract expires or he signs a new deal.
 
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Cotton Socks

Skint Supporter
Feb 20, 2017
1,908
Our profits next year will be from Chelsea paying an extortionate release clause for our accountancy team - their pens and the grey filing cabinet in the corner as add ons 🙂
They better not take Buzz!! 😮
I would've added in whoever the 'X' admin was, that used to be a WUM as well, but no trolling 'X' tweets have been posted on here for ages, so I assume they're not allowed to troll on 'X' anymore. Which is a shame, as I thought they were funny. :lolol:
#PBOBE OUT for not letting admin troll other clubs (or letting us have bottle tops). ;)
 


Gabbiano

Well-known member
Dec 18, 2017
1,482
Spank the Manc
This is incorrect. Pedro’s 30m fee will have come off of the cash balance, but he’ll have been included on the asset register with a value of 30m. Net result: zero loss. This value willl be amortised over the 5 years of his contract, so in terms of the accounts he’ll cost the club 6m a year until either his current contract expires or he signs a new deal.
So sales are included as the full sale price upfront but purchases are spread across the length of the contract? That seems really odd.
 


origigull

Well-known member
Jun 29, 2009
1,191
Fantastic bit of cash to play with in the transfer window. It mind boggling o_O
 


portlock seagull

Why? Why us?
Jul 28, 2003
17,498
So next season, how big is our war chest?

Are we talking Sam Fox or…?
 








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