As some of you will know, NSC obtained a set of the annual accounts which revealed the Albion lost £140,000 a week in the last season at 'The' Withdean
http://www.northstandchat.com/showthread.php?240689-The-Albion-LOST-%A3140-000-a-week-in-the-last-season-at-Withdean/page6&highlight=Albion+accounts
I appreciate I am a bit of a finance bore, but I have heard from more than one source that the Albion's accounts for the first year at Amex, in spite of the amazing season ticket and pie sales, have been very disappointing.
The reason for this is that expenditure has spiralled out of control, as budget holders assumed that Tony Bloom would write out a cheque to cover every spend and TB is VERY unhappy with what has happened.
As a consequence budgets have been slashed for 2012/13, with the exception of the infrastructure projects (increased stadium capacity and training facilities), and these budgetary constraints MAY have impacted upon the playing budget given to Gus, restricting the club's ability to offer competitive salaries to players, and we have lost out on the signings of Mattocks and others.
Alternatively I may have put two and two together to make five, which is something I regret to have seen too often marking exams this summer to date.
http://www.northstandchat.com/showthread.php?240689-The-Albion-LOST-%A3140-000-a-week-in-the-last-season-at-Withdean/page6&highlight=Albion+accounts
I appreciate I am a bit of a finance bore, but I have heard from more than one source that the Albion's accounts for the first year at Amex, in spite of the amazing season ticket and pie sales, have been very disappointing.
The reason for this is that expenditure has spiralled out of control, as budget holders assumed that Tony Bloom would write out a cheque to cover every spend and TB is VERY unhappy with what has happened.
As a consequence budgets have been slashed for 2012/13, with the exception of the infrastructure projects (increased stadium capacity and training facilities), and these budgetary constraints MAY have impacted upon the playing budget given to Gus, restricting the club's ability to offer competitive salaries to players, and we have lost out on the signings of Mattocks and others.
Alternatively I may have put two and two together to make five, which is something I regret to have seen too often marking exams this summer to date.