Average Championship wage bill in 2010/11,was £16.9million.
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The "Albion 2012 financial results" thread
- Thread starter Bozza
- Start date
Average Championship wage bill in 2010/11,was £16.9million.
Lord Bracknell
On fire
Code:
Directors' remuneration
2012 2011
£ £
Emoluments 333,963 221,418
Group pension contributions to money purchase pension schemes 56,089 21,418
Compensation for loss of office 74,880
During the year retirement benefits were accruing to 4 directors
(2011 - 1) in respect of defined contribution pension schemes
The highest paid director received remuneration of £142,887
(2011 - £129,218)
The value of the company's contributions paid to a defined
contribution pension scheme in respect of the highest paid
director amounted to £38,309 (2011 - £12,918)Thanks. Those fees are pretty reasonable.
Butch Willykins
Well-known member
Do all the coins lobbed at our keeper last weekend count as income?
ngood77
Active member
- Aug 5, 2006
- 983
There is no profit, it's a loss.
grummitts gloves
New member
Come on! Where's the Palace set of accounts??
butchy
Well-known member
haha. It's in brackets. It's a loss.
GreersElbow
New member
Palace can say all they want, a lot of this is losses bought forward from the previous year.
We have £144,967,674 of debtors in our assets.
Tony Bloom's also converted £40,000,000 debt into share capital, he now has 91% control.
We have £144,967,674 of debtors in our assets.
Tony Bloom's also converted £40,000,000 debt into share capital, he now has 91% control.
I would think that any club that was playing at a sports centre a couple of years ago, that then builds a state of the art stadium, a new training ground, extends the new stadium, whilst buying and loaning players to compete in a league up from less than two years ago, would not be showing a profit for quite a few years.
I think TB and the board realised that it would take time.
I think TB and the board realised that it would take time.
Lord Bracknell
On fire
... and is £40 million down on the deal, of course.
GingerBeerMan
3-0
- Dec 29, 2011
- 8,043
Until he sells his shares in the future, right?
To me, with the future in mind a FFP, this is a key figure. You do wonder how the other clubs are going to comply given Barber has already said it's going to be a challenge for us !
viscentaye
New member
- Jun 26, 2012
- 328
Only for the largest employers, based on the employee numbers I imagine it won't come in until later this year or possible next for BHA.
Seagull over Canaryland
Well-known member
Palace won't have the Zaha money in the 2012 accounts to massage their figures.
Having cashed in on Zaha it will be interesting to see the extent to the money is used to offset other areas of their costs and what if any portion of his transfer fee goes back into the transfer budget. I guess it won't be apparent for another year or two.
It is hard to imagine that they currently have the income (without one off windfalls from Zaha) to cover costs so must be really desperate from a financial point of view to get to the Premiership this year. If they fail would they even be promotion contenders next season? So could it be s**t or bust for them. It would be a real test for CPFC 2010 - do they splash out on a new stadium / revamp of SP when they can't fill the current one? How would they service the debts this would create - are the CPFC 2010 syndicate able to afford the sort of long term view that Tony Bloom has?
Having cashed in on Zaha it will be interesting to see the extent to the money is used to offset other areas of their costs and what if any portion of his transfer fee goes back into the transfer budget. I guess it won't be apparent for another year or two.
It is hard to imagine that they currently have the income (without one off windfalls from Zaha) to cover costs so must be really desperate from a financial point of view to get to the Premiership this year. If they fail would they even be promotion contenders next season? So could it be s**t or bust for them. It would be a real test for CPFC 2010 - do they splash out on a new stadium / revamp of SP when they can't fill the current one? How would they service the debts this would create - are the CPFC 2010 syndicate able to afford the sort of long term view that Tony Bloom has?
The point is TB loves the Albion and we should appreciate his efforts 100%.
Lord Bracknell
On fire
Who in their right mind would buy Tony Bloom's share of a football club that owes £145 million?
Right now ... nobody.
Ever? ... who knows?
KZNSeagull
Well-known member
Indeed we should.
The ultimate aim of the club is to make a profit and not have to rely on the directors injecting funds all the time.
The loan from TB, as long as it is written in stone that if not repayed it will be converted into shares, is not therefore really an issue.
That's how I see it anyway. El Pres can put me straight if that is not correct.
Cheshire Cat
The most curious thing..
Where does Tony Bloom get the money to pay for this, and how does he finance his debt -which must be astronomical? He can't have won it all on on-line poker surely?
Surely that's the problem with the EPL, in a nutshell.
£145 million is a drop in the ocean, in the top flight.
Esp when you're buying a complete stadium & training facility.
Obviously the fans don't come into it, although having sell outs help sweeten the deal.
All you have to do is buy out TB, perhaps with money borrowed against further earnings, spend 125% of the income on wages to guarantee promotion, cream off the added revenue and walk away before 'they' cotton on.
We have so much to be grateful to Mr Bloom, for.