“St Albans Road, West Smethwick – The Hawthorns – West Bromwich Albion FC” by ell brown is licensed under CC BY 2.0
West Brom full accounts now published: Main points (13 months in 2020 compared to 12 in 2019)
* Income down 24% to £54m
* Wages up 43% to £67m
* Operating loss up 168% to £47m
* Player sale profits up 192% to £29m
* Player purchases £33m
* Player sales £36m
* Cash at 30/6/20 £14m
Total revenue down due to covid and tapering of parachute payments Lower than Leeds who had no parachutes.
Closed doors matches contributed to WBA ticket sales down over a third.
TV money fell as WBA in second year of parachute payments, but still gives a financial advantage over the hardy perennials of the Championship.
Sponsor/other income down 22% due to second season in Championship.
Main costs for clubs are wages, significant rise does include promotion bonuses and impact of 13 months accounting period compared to 12 in 2019. £28,695 a week still buys a decent fish supper in Smethwick though.
West Brom paid more in wages than generated in income for the first time in over a decade.
West Brom spent £33.6m in 2019/20 signing players, but may include some deals after club was promoted to Premier League as goes up to 31 July 2020.
West Brom had player sales of £36m in 2019/20.
West Brom squad cost £85m at 31 July 2020.
West Brom had day to day operating losses of £47m in 2019/20, although player sales helped reduce this by £29m.
West Brom wrote down player values by £6m at end of 2019/20.