Baggies record £9m profit
Submitted by WG on Fri, 20/01/2012 - 08:09
It's a rare thing when a football club makes any profit, let alone a substantial one, but West Bromwich Albion have done just that. The club made a profit of £9m in the year to 30 June 2011 after a successful first year back in the Premier League which saw them finish 11th. As a result the club was able to reduce its net debt from £10m to £2m.
With its prudent approach to transfers the club returned a £3m profit on players. £5.2m was spent on new signings but £8.2m was received from players who were sold. However, wage costs have gone up, increasing from £37m to £48m.
