West Brom accounts confirm directors' confidence and further £8.5m banked
Albion's board of directors have confirmed their confidence in the club's financial matters while maintaining a promotion push.
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The club's accounts, which contained headline figures revealed last week, appeared on Companies House on Thursday and laid bare Albion's desperate losses prior to Shilen Patel's takeover in February 2024.
In the figures dated to June 2024, losses climbed from £11million the previous year to £34m. Revenue was halved without Premier League parachute payments. Club wages were at £42m while the wage to income was at 152 per cent as the Baggies spent £152 for every £100 of income.
The accounts also confirmed £25m capital injection from owners Bilkul since their takeover from Guochuan Lai. The figures were signed off by Companies House in late December with managing director Mark Miles the Albion signature.
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