Interesting round up of all the Premier League club's accounts for the 2017-18 season in the Guardian. West Ham made £25m from "match receipts and football related", a figure that is just over a fifth of the £119m made from broadcasting rights. It's a healthy profit from the stadium, but not that much more than clubs made with grounds similar in capacity to Upton Park. Brighton and Southampton both made matchday profits of £19m for example.
No doubt profits from the London Stadium match receipts will have gone up last season (2018-19) with more Cup games and more £99 Under-16 tickets going up to Under-21 rates. But even so it's a long way from the promised revenue that would take West Ham to the "next level". Now PL clubs are more reliant than ever on TV money. Even clubs like Bournemouth with a 15,000 capacity get their £119m from TV. The London Stadium might help attract a better class of player, but on its own it's not going to lift West Ham into the top six.
Showing posts with label accounts. Show all posts
Showing posts with label accounts. Show all posts
Friday, May 24
Sunday, June 4
Irons make £5m loss in final season at the Boleyn
West Ham made a loss of £5 million from the final season at the Boleyn Ground. There's a good round-up of all the Premier League clubs' accounts from David Conn in the Guardian. In 2015-16 West Ham's turnover was £142 million, while the wage bill was £85 million, the joint eighth highest in the division (the club finished seventh so slightly overachieved). Wages as a percentage of turnover were a fairly sustainable 60% however, which is better than 14 other clubs in the league. A £31 million bank loan taken out in 2013 has been paid off and the club has debts of £67 million, most of which is owed to David Sullivan and David Gold.
The finances of the club are looking much healthier than in the Eggert years and it could be a lot worse when you consider that in the same season Sunderland lost £33 million and Aston Villa a whopping £81 million. The accounts for the first season at the London Stadium should show a huge increase in turnover and match receipts, so it will be interesting to see just how rich we've become. Click on the link to read the full article.
The finances of the club are looking much healthier than in the Eggert years and it could be a lot worse when you consider that in the same season Sunderland lost £33 million and Aston Villa a whopping £81 million. The accounts for the first season at the London Stadium should show a huge increase in turnover and match receipts, so it will be interesting to see just how rich we've become. Click on the link to read the full article.
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