Chairman Jeremy Peace admits that Albion’s wage bill next season will be among the smallest in the Premier League - if there is no fresh investment.
He predicts a bill of around £25m on players’ wages for next season – less than a quarter of what champions Manchester United will spend.
Peace added that the spending gulf was proof that new cash was needed, as would-be Birmingham buyer Carson Yeung was linked as a potential investor.
“Our budget won’t be as big as other clubs because we are in the lower echelons,” said Peace, who expects Albion’s turnover next season to be around £50m.
“If Manchester United have £200m of revenue and they spend 55 per cent of it on player wages you have £110m.
“If you have about £50m and you spend the same percentage you have about £25m so the budget isn’t as big.
“If we had somebody who could ‘flex the model’, not just for one season with £20m but actually saying ‘here is £100m that we could filter in over a number of years’ then we could end up more secure.”
Stories at the weekend linked Carson Yeung with Albion as his friend, Sammy Yu, claimed the Hong Kong businessman would be interested in acquiring Peace’s controlling share.
Yu said: “If we can take more than 51 per cent, maybe we can consider. What happened at Birmingham really let us down.”
Yet such a buyout appears highly unlikely.
Yeung struggled to raise the finances for a complete buyout of Blues.
Peace publicly stated last week that the protracted on-off takeover saga at St Andrew’s was precisely what he wanted to avoid.
Yeung would need to offload his 29.9 per cent stake in Blues before being allowed to invest in another club.
23 Comments
If we spend a quarter of what man Utd spend then that seems fine to me….
This carson yeung story is quite worrying based on what happened at the blouses…. is he the type of owner we want ??
I guess we won’t know unless it happened - but i kinda hope it won’t.
Come on Oleg…..
I did not understand why he could not raise the money for Blues he is after all a Billionare well according to most sources anyway
the credit crisis is global,no sponsor and no yeung,the albion are in a transitional period,i think we will sign that chap from rangers,i think if we dont match the ambition of tm we will lose him!
Emirates first game, oh my god i am excited now!!!
Just got back from the download festival, driving back and hilltop baggie rang me to give me the good news!!
Probably get stuffed but these are the games that you look forward to when in the top flight, and lets face it, not a game we are expected to get anything from.
Regarding the article, who knows what will happen, Carson Yeungs reputation in football is extemely tarnished by the debacle that went on and on at Blues.
New owner or no new owner, we are still off to see the Emirates!!!
Bomber - how do you have a download festival ?? Do you all meet at the library and log on to i-tunes ?
Anyway - billionaires are like buses, you wait 120 years for one then two or three turn up.
Carson Yeung is bad news. And if he can’t afford the blues then he cant afford the baggies either.
This should be a non starter. WE DONT WANT HIM!!
Emirates here we come…
HB
No mate, you live in a tent, eat take away, drink enough beer to sink a battleship, then rock!!!
I was meant to be there in a work capacity, not really my type of music but a good laugh anyway.
Have i missed much while ive been away??
I was gutted when i got there and found there was no big screen showing the footy!!
bomber - live ina tent…. eat takaway…. drink beer….. was it in wolverhampton ??
You aint missed much as far as i can see - apparantly we are a small team in sandwell and Freddy wants to leave wolves… GROUNDHOG DAY !!
Flex the model, A russian whos got more money than sense,Chelsea found one.
Scary to think ita all about the money
Bomber, ‘HB’ always meant ‘honeybunch’ when I was a kid although that was in Biblical Times. Call him ‘Happy’ mate, make me feel more comfortable. What a start to the season, Arsenal away. Back in about November 1953 we played at Highbury, I trained it down from Aldershot, 2-0 up in no time, playing ‘em off the pitch, their crowd applauding US ! Then they flattened one of ours and 11 against 10 managed a 2-2 draw. I was so proud that day. Then I went for a quick meal and got ‘chatted up’ by a BLOKE! All those girls and then that! It was London though. Anyway, after I promised to re-arrange his face, he cleared off mouthing girlie-type insults. The blokes in my Royal Engineers H.Q. squadron wet themselves laughing when I told them. I’d heard stories about such people but never met one.
If quoted correctly the:
“If Manchester United have £200m of revenue and they spend 55 per cent of it on player wages you have £110m.
“If you have about £50m and you spend the same percentage you have about £25m so the budget isn’t as big.
Makes Peace look a bit blonde to me as everyone can see that £110m is more than £50m, so take the same percentage of both and the % of £50m is still going to be lower ?
I can’t see why he is saying that Albion’s wage bill should be around £25m compared to Man Utd’s £110m ? Man Utd have far better players and a bigger squad. Why can’t Albion pay £10m, £15m, or £20m if players are willing to come for these wages ? I think what should be got straight with a group of players is that, yes we made the Premiership and you will get a rise in wages. On the other hand is if we come down then you will have a reduction in wages inline with Championship wages. To play in the Premiership gives all players the chance to show how good they really are and possibly to be bought by a bigger Premiership club. It is like taking on a £1000 a week job on a £300 a week months trial, with the chance of another firm offering you a £2000 a week job. If I were a Championship player with a sniff of playing for Albion for less than the other established players, I’d be banging on the door at the Hawthorns.
If Peace thinks if only someone could invest over a few years, why doesn’t he stump up the cash ? Why not use the parachute cash for next season this season, if he is so confident of Albion doing so well ? Why not sell his shares and give Albion the proceeds ? Yes we know he wants to find a mug and not become a mug.
IT’S BOSTIN BEING A BAGGIE !
LETS FACE IT BAGGIE BOYS
PEACE IS BAILING OUT HE KNOWS ITS A LOST CAUSE AND HIS ONLY CHANCE TO GET HIS MONEY BACK.
HOW MANY GAMES BEFORE YOU GET YOUR FIRST POINT I THINK AT LEAST 18
arsenal away or plymouth away
can i phone a friend ????
boing boing
Has anyone seem Kim’s hatrick for korea at the weekend ??
Its on YouTube and its crackin… a 25 yarder plus a real poachers goal in the box, plus a pressure penalty…. I think we have got a real star in this guy.
It gets better carson yeung? arsenal 8-0 albion, enjoy it boys! You can achieve something this season, I think you have it in you to beat derbys 11 points looking at your fixtures my guess is 28 points. bong bong
The green eyed monster dingles are out again…ohh you’ve got Arsenal..oohh..arrr…tesco…HOW JEALOUS CAN YOU GET? Poor old dingles..playing Plymouth…yeah poor baggies going to Arsenal, Chelsea, Utd, Anfield…poor us?? HOW STUPID DO YOU FEEL DINGLES? Staying up in style with super Tony Mowbray!
I remember watching WESTBROM V ARSENAL at the
Hawthorns in the carling cup and I was not
impressed with the gunners,and on that night we
only had our second string out,if we attack them
like I know we can,then we will win the game.
ARSENAL 2
WESTBROM 3 MILLER/MOORE/KOREN-will score.
LAUGHING WILF,,when have ya got hereford,,,hehehhheheheheehe..SHOCKING THE PREM THE MOWBRAY WAY,,WITH OUR SILKY FOOTBALL OF COURSE,,OOOOOOOOOOOH YES..
Go back up your statement with hard cash laughing boy. I thought not, it’s easy having a go without anything to back it up isn’t it? Do you want to write about your own ‘world beaters’? Thought not, nothing to write about. Plymouth beckons. Enjoy your season. I know I will.
Oh dear laughingwolf. Time to take your shoes and socks off again and count to twelve, because that’s how many points Derby got. Stick to the panda pop league; you may even scrape the play-offs this season. Hmmmmmm maybe not!
With everyone (i.e. laughingwolf) predicting a hiding for us. It takes the pressure right off. The thing is most Albion fans accept that’s we’ll probably get beaten comfortably by the gunners.
It’s not matches against the big four that will decide our fate, but games against more winable opposition i.e. Wigan, Bolton, Hull, Stoke etc. that will give an indication of where we are likely to finish.
But then again, I’m sure laughingwolf is busy plotting his next takeover to be worried about another season of failure down at the custard bowl!!
BOING BOING PREMIERSHIP HERE WE COME!!!
This young Patrick McCourt kid who has played
for Northern Ireland,looks top really top class
as ive seen some footage of him on boob tube.
With McCOURT on the right wing and BRUNT on the
left,we could have GREENING/MORRISON in the
centre with KOREN supporting BEDNAR up front,
thats the formation Id play away from home.
Chris BRUNT
Jonathan GREENING
James MORRISON
Patrick McCOURT
Robert KOREN
Do-heon KIM
Felipe TEIXEIRA
Graham DORRANS
WHAT A MIDFEILD!
WHO NEEDS GERA!
BRING ON THE ARSES!
COME ON!!!!!!!!!!!HAVE IT!
DINGLE BASHERS!
Gera will do a Kamara and get splinters in his bum off the bench. Mark my words.