£27m turnover only 50% on wages yet have to sell players to make a profit, not hard to see where the money is going - Monaco.
People keep saying we have a £12m budget for players wages, anyone seen a breakdown of this, i doubt it, easy with a good accountant to shift money around.
Comment deleted by Site Moderator
Don... thats the way I was thinking to be honest... there must be something else we are missing though eh?
Tommy, hope you are well this morning - in the prem though with clubs mentioned Everton, Blackburn etc they seem to be far worse off than Leeds...
There is something I'm not getting here thankfully I do not own a football and never would
The financial success followed a successful first season back in the Premier League the team avoiding relegation back to the Championship for only the second time.
West brom continued in transfer spending was reflected in a profit in that area of £3m. They spent £5.2m on new signings but received £8.2m back from players who were sold.
But the latest figures do not take into account that, since the end of the financial year, the commitment in terms of fulfilling players' contracts has risen from £37m to £48m.
Comment deleted by Site Moderator
I am fairly pally with the last manager(a few on here could confirm) and he was telling me once that Bates got all the ticket office staff in to thank them for there work and said how they had serviced so many hundred thousand tickets etc and well done, he said i knew how much the tickets cost and how much the wage bill was so did a quick add up and thought whats going on here, i cant get a penny hardly for players(he had plenty of good ones lined up to come)trust me a good hours chat with him and you would learn plenty.
Tuscany
My lad has several footballs if you want one. You might need to put a bit of air in it though and Bates has plenty of the hot variety if you're stuck.
is there any simple answer as to why West Brom are making profit and Leeds aren't?
---------------
Which of this clubs has Bates as a chairman?
Which of the companies that Bates has ever been involved with over the last 50 years has ever made the profits they should have?
Eddie, sorry a football club, not a football with 4 sons there are plenty of footballs dotted around the ground - some flat because of dogs
Don, I don't doubt you in the slightest and I find that scenario madness.... whilst I admit if I did own a football club I'd have to run it as a business otherwise you'd be pouring money away from your childrens future as well as your own... but a well run business, seemingly like West Brom still sign players, and compete in at the top level of English football....
I've run this past my head accountant but she is Hull city fan so her answers are clouded with Leeds United hatred... I've already started the ball rolling for her P45
honestly, I cannot get my head around this...
Bluememe... surprisingly good comment by the way
Comment deleted by Site Moderator
Jonty.... hope you are well?
to your question I do not know to be fair, any examples you can use other than the great LUFC ?
Did Swansea not make a profit of £600k on a £10m turnover and they signed some good players in thechampionship and div 1.
Think so Tuscany there was some debate on here about it, but i am sure it can be looked up.
All the best business people are a little under hand in some situations like or not, it happens... certainly I'm no angel for sure.. you don't get to the top by sending chrsitmas cards to everybody and kissing bottoms.
but the situation at Leeds seems very strange... I just can't can't get my head around it.... comparing to the likes of West Brom.
West Brom have played the (Unfair in my view) system like a dream over the last few years. They have a business model that accepts they will never challenge for the top spot and have player contracts that take into account relegation, so players paid on a sliding scale. They have a preffered plan of bouncing as parachute payments mean they can compete at the very top of the championship and gain promotion, so you-yo a lot, but each season back in the prem means they get stronger each year. It works and means that a small outfit like WBA are a mile ahead of us in terms of being well run
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West Brom - Profit
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posted on 20/1/12
£27m turnover only 50% on wages yet have to sell players to make a profit, not hard to see where the money is going - Monaco.
People keep saying we have a £12m budget for players wages, anyone seen a breakdown of this, i doubt it, easy with a good accountant to shift money around.
posted on 20/1/12
Comment deleted by Site Moderator
posted on 20/1/12
Don... thats the way I was thinking to be honest... there must be something else we are missing though eh?
Tommy, hope you are well this morning - in the prem though with clubs mentioned Everton, Blackburn etc they seem to be far worse off than Leeds...
There is something I'm not getting here thankfully I do not own a football and never would
posted on 20/1/12
The financial success followed a successful first season back in the Premier League the team avoiding relegation back to the Championship for only the second time.
West brom continued in transfer spending was reflected in a profit in that area of £3m. They spent £5.2m on new signings but received £8.2m back from players who were sold.
But the latest figures do not take into account that, since the end of the financial year, the commitment in terms of fulfilling players' contracts has risen from £37m to £48m.
posted on 20/1/12
Comment deleted by Site Moderator
posted on 20/1/12
I am fairly pally with the last manager(a few on here could confirm) and he was telling me once that Bates got all the ticket office staff in to thank them for there work and said how they had serviced so many hundred thousand tickets etc and well done, he said i knew how much the tickets cost and how much the wage bill was so did a quick add up and thought whats going on here, i cant get a penny hardly for players(he had plenty of good ones lined up to come)trust me a good hours chat with him and you would learn plenty.
posted on 20/1/12
Tuscany
My lad has several footballs if you want one. You might need to put a bit of air in it though and Bates has plenty of the hot variety if you're stuck.
posted on 20/1/12
is there any simple answer as to why West Brom are making profit and Leeds aren't?
---------------
Which of this clubs has Bates as a chairman?
Which of the companies that Bates has ever been involved with over the last 50 years has ever made the profits they should have?
posted on 20/1/12
Eddie, sorry a football club, not a football with 4 sons there are plenty of footballs dotted around the ground - some flat because of dogs
Don, I don't doubt you in the slightest and I find that scenario madness.... whilst I admit if I did own a football club I'd have to run it as a business otherwise you'd be pouring money away from your childrens future as well as your own... but a well run business, seemingly like West Brom still sign players, and compete in at the top level of English football....
I've run this past my head accountant but she is Hull city fan so her answers are clouded with Leeds United hatred... I've already started the ball rolling for her P45
honestly, I cannot get my head around this...
Bluememe... surprisingly good comment by the way
posted on 20/1/12
Comment deleted by Site Moderator
posted on 20/1/12
Jonty.... hope you are well?
to your question I do not know to be fair, any examples you can use other than the great LUFC ?
posted on 20/1/12
Did Swansea not make a profit of £600k on a £10m turnover and they signed some good players in thechampionship and div 1.
posted on 20/1/12
did they Don?
posted on 20/1/12
Think so Tuscany there was some debate on here about it, but i am sure it can be looked up.
posted on 20/1/12
All the best business people are a little under hand in some situations like or not, it happens... certainly I'm no angel for sure.. you don't get to the top by sending chrsitmas cards to everybody and kissing bottoms.
but the situation at Leeds seems very strange... I just can't can't get my head around it.... comparing to the likes of West Brom.
posted on 20/1/12
West Brom have played the (Unfair in my view) system like a dream over the last few years. They have a business model that accepts they will never challenge for the top spot and have player contracts that take into account relegation, so players paid on a sliding scale. They have a preffered plan of bouncing as parachute payments mean they can compete at the very top of the championship and gain promotion, so you-yo a lot, but each season back in the prem means they get stronger each year. It works and means that a small outfit like WBA are a mile ahead of us in terms of being well run
Page 1 of 1