Wanda Group Eyes Stake In AC Milan Hangin' With ... Magnus Danielsson Bitburger Unhappy With FIFA Decision Bundesliga Increases Betting Income Etihad Stadium Ready For A-League Cycling Race Forced To Withdraw Poster Basketball ACT Puts Upgrade On Hold Ladbrokes Fans Take On Digital Role Executive Transactions FIVB Partners With Red Bull Joint Venture
SBD Global/March 13, 2013/FranchisesPrint All
EPL club West Bromwich Albion has announced a reduced pre-tax profit of £1.5M ($2.2M) for the financial year ending on June 30, according to the PA. However, "the profit comes along with a surplus" of £9.1M ($13.6M) for the previous months, meaning the club's net debt has been reduced from £2M ($3M) to just £500,000 ($745,000). In the first full set of accounts released by West Bromwich Albion Group Ltd. since its formation in Aug. '10, the club "also reported a record turnover" of £66.7M ($99M). But Albion's total salaries topped the £50M ($74M) mark and represented 74% of the club's turnover (PA, 3/12).