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West Bromwich Albion Football Club Ltd

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Submitted by JSB on Wed, 16/12/2009 - 21:11
Traditional West Bromwich Albion football shirt

The club was formed in 1878 by workers from Salter's Spring Works in West Bromwich, and have played their home games at The Hawthorns (capacity: 26,500) since 1900. West Bomwich Albion was a founder member the Football League (which was formed in 1888). Honours include: one League Championship (1919–20), five FA Cups and one League Cup.

The club was a plc quoted on the AIM stock exchange until November 2004. When converting back into a private company shareholders were offered one new share in a specially-created bid vehicle or a £72.50 cash alternative. The cash option valued the club at that time at £10.14 million. The name of the company thus reverted from West Bromwich Albion plc to West Bromwich Albion Limited, the latter becoming a subsidiary of West Bromwich Albion Holdings Limited. Current chairman Jeremy Peace took up the post in 2002. In September 2007 Peace acquired additional shares in West Bromwich Albion Holdings Limited, taking his total stake in the company to 50.56%. This triggered a requirement, under the Takeover Code, for him to make a mandatory cash offer for the remaining shares in both WBA Holdings Ltd and WBA Ltd.

Turnover and pre-tax profit figures are in millions.

Financial Overiew

Year
Turnover
Pre-tax profit
Wages / Turnover ratio (%)
Employees

2007/08

27.237

10.749

79.9

133

2006/07

23.797

4.971

73.4

129

2005/06

35.540

-5.250

57.3

119

2004/05

36.504

5.004

57.4

120

2003/04

20.324

-0.034

 

 

2002/03*

28.445

-0.639

40.3

122

2001/02*

14.277

2.569

53.7

122

2000/01*

8.514

1.688

66.2

115

1999/00*

6.830

0.736

91.7

118

1998/99*

6.758

-2.257

 

 

1997/98*

7.460

0.509

 

 

1996/97*

6.073

-0.185

 

 

1995/96*

5.429

0.171

 

 

* Figures for West Bromwich Albion plc

Website: 
www.wba.co.uk

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