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Albion reveal reduced profit

West Brom have announced a pre-tax profit of £1.5m for the year ending 30 June 2012.

Last Updated: 12/03/13 at 12:23 Post Comment    Bet with SkyBet  Premier League. Click here to bet.

Shane Long: Arrival from Reading had impact on West Brom's accounts

Shane Long: Arrival from Reading had impact on West Brom's accounts

That figure represents a drop in surplus from the £9.1m for the equivalent period 12 months earlier and takes into account the £6m signing of Shane Long from Reading in the summer of 2011.

Turnover was up to a record £66.7m, 74% of which was paid out in salaries, while the club's net debt has been reduced from £2m to just £500,000.

Club chief executive Mark Jenkins said in a statement: "The club has continued to invest in its playing squad, both in transfer fees and wages and total salaries now exceed £50m per year.

"However, with careful budgeting and tight financial controls, we have managed to match our revenue to our costs and record a pre-tax profit of £1.5m."

The financial report is the first full set of accounts released by West Bromwich Albion Group Ltd since its formation in August 2010.

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may well get slated by other United fans for this, but out of the three contenders, I'd far prefer Liverpool to win the title. Yes some elements of their fanbase can be a bit OTT, yes they're our biggest rivals and yes it will make our poor season feel even more like the end of an era (Fergie's gone, Liverpool are back on top). However I just have to applaud Brendan Rodgers and the way he's turned Liverpool around in just a couple of seasons. It...

Mike_Christie
Please Stop Telling Us What To Think

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ooray! We are all excited now, we beat a very mediocre team! With all due respect to WHU supporters, not winning that game shouldn't even be a consideration. This is the problem, there is no winning mentality at the Emirates - we're all congratulating ourselves beating a team that we have a winning record against.

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s this meant to be an aspiration for United supporters? Moyes mediocrity strikes again. I see the Bayern boys don't want to sign for him, and his reputation amongst the senior European coaches make other key signings unlikely.

redbornandbred
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