West Bromwich Albion made more than £11 million profit in the last financial year, with chairman Jeremy Peace now promising more cash for players in January.
Baggies shareholders will be told in a letter on Monday that the club’s turnover rose from under £24m to more than £27m in the latest financial year, thanks to increased Premier League ‘parachute’ payments.
Mr Peace today warned fans that the £11.3m profits from the year ending June 2008 have already been spent on players and stadium and training ground upgrades. However, he said the Baggies’ healthy financial state means money will be available to manager Tony Mowbray in January.
“We had a very successful season,” he said. “It was a coming together of lots of good things.”
20 Comments
im not sure if anyone will agree with me but i hope jez doesnt sell to a foriegn buyer he seems to be doing well as he is the club is a happy place with out some over rich tycoon coming in and spoiling all that jez and TM have brought to the club im not saying it wouldnt be nice to have a mega rich bank to dip into but i just feel it would ruin a good thing
hows about a 50/50 deal i quite fancy torres,drogba and kaka!!!
loads a moneyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy aye boing boing donk
this is how you run a club ,to all you debt ridden clubs take notice before you are the next wimbledon
We are considerably richer than yow am!
Ive said it on many occasions but Peace is the best thing that has happened to the club in the past 20yrs
Mornin premiership fan (exc vile)morning chumpionship fans (exc 1877) aye boing boing donk
hey worcester looks like we bin blocked on dingle pages agen,it aint our fault he missed it and proberly cost jocks world cup place is it,aye boing boing donk
george burley said, 9 times out of 10 chris would have scored, well george from there id have scored 10 times out of 10,aye boing boing donk
DANISH BAGGIE how are you my friend,im afraid the woodman pub is no longer but the hawthorns pub and supporters club are next door,pubs around the hawthorns are very few and far between,we could always go into town before the game if you want too arrange somthing nearer the date,take care my baggie friend,aye boing boing donk
once agen james failed too keep a clean sheet,the only chance england have got of keeping a clean sheet is too put englands no1 carson in goal or play agenst scotland with lewlmuo up front aye boing boing donk
I remember Ron Atkinson once said of Doug Ellis “He will spend enough money to make Aston Villa a good team, but not enough to make them a great team” I think it will be interesting to see if Peace is willing to go that extra couple of yards.
Surely Baggies fans aren’t so naieve that they believe everything the chairman says? profit margins will always come first and foremost and the more profit that comes, the greedier they get, Peace is already trying to manipulate shareholders to gain a bigger foothold, do you honestly think he is going to risk all that by spending countless fortunes on players that will make Albion a top 4 club….dream on lads.
we dont need too spend fortunes with the gems TM picks up for next too nothing,aye boing boing donk
TERRY,,,brilliant mate a jock dingle cant hit a empty net,PRICELESS..lwelumo costs scotland world cup place couldnt hit a barn door with a banjo,disgusting must be dropped,our morrison would of buried it,,,,typical dingle cant hack the pressure,,,MOWBRAYS DUTCHIE BOYS DOING THE BIZZ ,,IN STYLE OF COURSE,,OOOOOOOOOOOH YES…
Considering that teams like West Ham are up a certain creek financially, plus we haven’t had a tycoon come in to cover any debts or bankroll us without any need to worry, it makes it even better to be a Baggie!!
Add to that, the fact that prices were actually cut to watch Premier League football after winning the Championship…….I am not going to bemoan Mr Peace in the near future!
Good job, well done!!
12 - We’re not stupid enough to think that we’re going to break into the top 4….yet!! ha ha!
However, we’re currently financially stable and getting better on the pitch too. It’s a good time to be a Baggie!!
hi nedball,ive decided too catch coach on saturday so will head for the quadrant,hope too see you in the for a few sherbutts,UNITED here we come aye boing boing donk
WORCESTER ive watched it bout 40 times and he still cant get it in,aye boing boing donk
17 - Terry me old mucka, I’ll meet you there then buddy. I’ll be in my home top wearing a captains arm band and more than likely holding a pint of Strongbow whilst leaning on the least Italian looking Italian man there could possibly be!!
Quardant ‘ere we come!!
With the 60m to come at the end of the season we will have money to spend on new players in the summer so J-P does not have to break the bank