West Brom record pre-tax profits of £7.6m
West Brom recorded pre-tax profits of £7.6 million for the 2014/2015 season, cementing their place as one of the most financially stable clubs in the country.
The accounts of West Bromwich Albion Holdings Ltd, which is chairman Jeremy Peace's parent company, have been filed for the year to 30 June 2015.
Although the club still made a profit in the 2014/15 season, it was halved from the £14.7 million profit made in the previous campaign.
This was because the club made less money on player sales last season than the season before.
Turnover was up to £96.3 million from £86.8 million.
Wages at the club went up to £69.8 million compared to £65.5 million for the previous season.
The highest paid director - which is believed to be Peace because he is the only director named - received £1.12 million compared to £1.02 million the previous year.
Peace's company, West Bromwich Albion Holdings Ltd, owns 87.8 per cent of the issued share capital of the club.
"It's a very well run football club," said Baggies head coach Tony Pulis today.
"I don't think there's many clubs in the country run as well as this financially.
"They've got everything in place so Jeremy's done a fabulous job and the people around the place have done wonderful to keep it going and to have it in a position that it is at the moment."