Nike Gains Ground On Adidas In Football Dusseldorf Generates Profit Of €1.07M Fiorentina Reveals Details Of New Stadium Supreme Court To Hear Plea On AGM TC Ried Withdraws Men's Team From NLA Executive Transactions Sports Drink Makers Should Be Banned Names In The News Liverpool Facing UEFA FFP Inquiry NBA Latin America VP Talks Argentina
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).