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Premier League Club Accounts
- Thread starter billyiddo
- Start date
West Ham United are pleased to release their accounts for the year ended 31 May 2015
The accounts show another record-breaking year for the Club as all areas of income increased, creating total additional revenue of £6m. Turnover was up to £120.7m from £114.8m last year and this helped deliver a second consecutive group operating profit of £3m.
The profit was delivered alongside an expansive and hugely successful £32.5m recruitment drive last summer that delivered nine new players including the likes of Hammer of the Year Aaron Cresswell, top scorer Diafra Sakho and internationals Cheikhou Kouyate, Enner Valencia Alex Song and Carl Jenkinson.
Away from the pitch, there was a 13.7% increase in retail sales, achieving a club record high in turnover of £7.3m, while commercial and sponsorship increased by 6.5%, achieving £14.6m of revenue - another Club record.
West Ham United Joint-Chairman David Sullivan said: “My Board and I are again satisfied with the achievements we have made this season (2014/15). The highlights for us being:
• Retaining our Premier League status in what was a very competitive year;
• Making huge progress in our preparation for our move to the Olympic Stadium for the 2016/17 season;
• Our fantastic support despite a disappointing second half of the season.
• Our recruitment of a new First Team Management team, led by Slaven Bilic. We would like to thank Sam Allardyce and his staff for their work at the Club over the last four years.
“At the start of the season we invested a net total of £32.5m and bought Mauro Zarate, Enner Valencia, Aaron Cresswell, Cheikhou Kouyate, Diafra Sakho, Diego Poyet and Morgan Amalfitano, and also took Carl Jenkinson and Alex Song on loan from Arsenal and Barcelona respectively. The new players all had a positive impact, particularly in the first half of the season.
“Subsequent to the year end, we have further invested in the playing staff for the 2015/16 season with the significant investment into the purchases of Pedro Obiang, Dimitri Payet, Angelo Ogbonna, Michail Antonio, Nikica Jelavic, Stephen Hendrie and Darren Randolph. We have also taken Carl Jenkinson, Manuel Lanzini, Victor Moses and Alex Song on loan, and extended the contracts of some key players; Diafra Sakho, Aaron Cresswell and Winston Reid.
“This was truly a season of two halves, with a scintillating and uplifting start and then a disappointing period after Christmas. Hopefully we will, in the 2015/16 season, have more results like the first half of 2014/15.
“Once again, this season, our last at the Boleyn Ground after 112 years of playing here, will bring its own challenges, but we continue to believe we will deliver both on and off the pitch by investing in the team, the brand and managing the business well. We all hope it will be one of our best seasons ever.”
West Ham United Vice-Chairman Karren Brady said: “2014/15 was another satisfactory year for the club both on and off the pitch as we once again retained our Premier League status and improved our position in the table. We were officially recognised as one of the world’s leading football brands by Brandfinance, placing us in the top eight most valuable brands in Premier League clubs and 16th overall in the world’s top 50 most valuable football brands for 2015. We increased our revenues again and made an operating profit of £8.5m.
“Through the hard work of a fantastic, dedicated, loyal and determined team both on and off the pitch the club has grown in size, revenue and in stature this season. The management team off the pitch were able to capitalise and maximise on all the opportunities the Manager and the team delivered on the pitch for half of the season, and to this end I would like to offer my thanks to Sam Allardyce and his team and wish them well for the future.
“The Olympic Stadium offers enormous commercial and brand opportunities, and we have a strategy to deliver sell-out crowds and enter that stadium with a team that are befitting of such an amazing iconic venue.
“Finally, we know that we have set a level of expectation amongst our supporters this year, our last at the Boleyn Ground, our home for the last 112 years, and I, my Board and all the staff on and off the pitch relish the opportunity to enjoy a wonderful and successful farewell this year and believe we have both the strategy and people to deliver much more in years to come.”
http://www.whufc.com/News/Articles/2015/November/5-November/West-Ham-United-Statement
The accounts show another record-breaking year for the Club as all areas of income increased, creating total additional revenue of £6m. Turnover was up to £120.7m from £114.8m last year and this helped deliver a second consecutive group operating profit of £3m.
The profit was delivered alongside an expansive and hugely successful £32.5m recruitment drive last summer that delivered nine new players including the likes of Hammer of the Year Aaron Cresswell, top scorer Diafra Sakho and internationals Cheikhou Kouyate, Enner Valencia Alex Song and Carl Jenkinson.
Away from the pitch, there was a 13.7% increase in retail sales, achieving a club record high in turnover of £7.3m, while commercial and sponsorship increased by 6.5%, achieving £14.6m of revenue - another Club record.
West Ham United Joint-Chairman David Sullivan said: “My Board and I are again satisfied with the achievements we have made this season (2014/15). The highlights for us being:
• Retaining our Premier League status in what was a very competitive year;
• Making huge progress in our preparation for our move to the Olympic Stadium for the 2016/17 season;
• Our fantastic support despite a disappointing second half of the season.
• Our recruitment of a new First Team Management team, led by Slaven Bilic. We would like to thank Sam Allardyce and his staff for their work at the Club over the last four years.
“At the start of the season we invested a net total of £32.5m and bought Mauro Zarate, Enner Valencia, Aaron Cresswell, Cheikhou Kouyate, Diafra Sakho, Diego Poyet and Morgan Amalfitano, and also took Carl Jenkinson and Alex Song on loan from Arsenal and Barcelona respectively. The new players all had a positive impact, particularly in the first half of the season.
“Subsequent to the year end, we have further invested in the playing staff for the 2015/16 season with the significant investment into the purchases of Pedro Obiang, Dimitri Payet, Angelo Ogbonna, Michail Antonio, Nikica Jelavic, Stephen Hendrie and Darren Randolph. We have also taken Carl Jenkinson, Manuel Lanzini, Victor Moses and Alex Song on loan, and extended the contracts of some key players; Diafra Sakho, Aaron Cresswell and Winston Reid.
“This was truly a season of two halves, with a scintillating and uplifting start and then a disappointing period after Christmas. Hopefully we will, in the 2015/16 season, have more results like the first half of 2014/15.
“Once again, this season, our last at the Boleyn Ground after 112 years of playing here, will bring its own challenges, but we continue to believe we will deliver both on and off the pitch by investing in the team, the brand and managing the business well. We all hope it will be one of our best seasons ever.”
West Ham United Vice-Chairman Karren Brady said: “2014/15 was another satisfactory year for the club both on and off the pitch as we once again retained our Premier League status and improved our position in the table. We were officially recognised as one of the world’s leading football brands by Brandfinance, placing us in the top eight most valuable brands in Premier League clubs and 16th overall in the world’s top 50 most valuable football brands for 2015. We increased our revenues again and made an operating profit of £8.5m.
“Through the hard work of a fantastic, dedicated, loyal and determined team both on and off the pitch the club has grown in size, revenue and in stature this season. The management team off the pitch were able to capitalise and maximise on all the opportunities the Manager and the team delivered on the pitch for half of the season, and to this end I would like to offer my thanks to Sam Allardyce and his team and wish them well for the future.
“The Olympic Stadium offers enormous commercial and brand opportunities, and we have a strategy to deliver sell-out crowds and enter that stadium with a team that are befitting of such an amazing iconic venue.
“Finally, we know that we have set a level of expectation amongst our supporters this year, our last at the Boleyn Ground, our home for the last 112 years, and I, my Board and all the staff on and off the pitch relish the opportunity to enjoy a wonderful and successful farewell this year and believe we have both the strategy and people to deliver much more in years to come.”
http://www.whufc.com/News/Articles/2015/November/5-November/West-Ham-United-Statement
Haven't seen any comment on the Chelsea financial results which had a £20m loss in. Considering the high possibility that they might miss out on next seasons champions league this could cause them a big headache as they wont be able to deal with the £30m? Loss of champions league revenue like Man Utd had to last season as easily.
Baleforce
Les Bennett
if only they could sell a squad player to China for a crazy amount...
Robbo
Paul Walsh
Yeah, definitely something fishy going on with all the big money transfers to China.
Bullet
Colin Calderwood
Ummm... surely hasbeen Tevez won't double Ronaldo/Messi salary?
And since when is Bale paid that much?
Carlos Tevez is set to complete his mega-money move to China despite Boca Juniors fans begging their hero to stay in emotional scenes on Sunday night.
The 32-year-old Argentina striker is poised to sign a staggering contract with Chinese Super League club Shanghai Shenhua worth an estimated £615,000 a week.
And the former West Ham, Manchester United and Emirates Marketing Project player took the opportunity to wave goodbye to his first club as they beat Colon 4-1 at La Bombonera.
Carlos Tevez waves farewell to the Boca Juniors fans at the end of his final game before he completes a lucrative switch to Shanghai Shenhua in the Chinese Super League
Tevez, who only returned to Boca last year after a spell at Juventus, becomes the latest high-profile player to seek his fortune in China, where extraordinary wages are being paid.
It comes after Chelsea star Oscar sealed a £60million switch to Shanghai SIPG last week.
THE TOP-10 BEST-PAID FOOTBALLERS IN THE WORLD
Tevez will shoot to the top of the world's best earners list if he makes his move to China as reported.
1) Carlos Tevez (Shanghai Shenhua) £615,000 per week £31.98m per year
2) Oscar (Shanghai SIPG) £400,000 per week £20.8m per year*
3=) Cristiano Ronaldo (Real Madrid) £365,000 per week £19m per year**
3=) Lionel Messi (Barcelona) £365,000 per week £19m per year**
5) Gareth Bale (Real Madrid) £346,000 per week £18m per year**
6) Hulk (Shanghai SIPG) £317,000 per week £16.5m per year
7) Paul Pogba (Manchester United) £290,000 per week £15m per year
8) Neymar (Barcelona) £289,000 per week £15m per year**
9=) Graziano Pelle (Shandong Luneng) £260,000 per week £13.5m per year
9=) Wayne Rooney (Manchester United) £260,000 per week £13.5m per year
* Transfer is set to be completed in January
** All estimated figures are pre-tax, except in these cases where figures are post-tax. Sums may vary according to bonus payments.
Read more: http://www.dailymail.co.uk/sport/fo...615k-week-Shanghai-Shenhua.html#ixzz4TKXQ5Mum
Follow us: @MailOnline on Twitter | DailyMail on Facebook
And since when is Bale paid that much?
Carlos Tevez is set to complete his mega-money move to China despite Boca Juniors fans begging their hero to stay in emotional scenes on Sunday night.
The 32-year-old Argentina striker is poised to sign a staggering contract with Chinese Super League club Shanghai Shenhua worth an estimated £615,000 a week.
And the former West Ham, Manchester United and Emirates Marketing Project player took the opportunity to wave goodbye to his first club as they beat Colon 4-1 at La Bombonera.
Carlos Tevez waves farewell to the Boca Juniors fans at the end of his final game before he completes a lucrative switch to Shanghai Shenhua in the Chinese Super League
Tevez, who only returned to Boca last year after a spell at Juventus, becomes the latest high-profile player to seek his fortune in China, where extraordinary wages are being paid.
It comes after Chelsea star Oscar sealed a £60million switch to Shanghai SIPG last week.
THE TOP-10 BEST-PAID FOOTBALLERS IN THE WORLD
Tevez will shoot to the top of the world's best earners list if he makes his move to China as reported.
1) Carlos Tevez (Shanghai Shenhua) £615,000 per week £31.98m per year
2) Oscar (Shanghai SIPG) £400,000 per week £20.8m per year*
3=) Cristiano Ronaldo (Real Madrid) £365,000 per week £19m per year**
3=) Lionel Messi (Barcelona) £365,000 per week £19m per year**
5) Gareth Bale (Real Madrid) £346,000 per week £18m per year**
6) Hulk (Shanghai SIPG) £317,000 per week £16.5m per year
7) Paul Pogba (Manchester United) £290,000 per week £15m per year
8) Neymar (Barcelona) £289,000 per week £15m per year**
9=) Graziano Pelle (Shandong Luneng) £260,000 per week £13.5m per year
9=) Wayne Rooney (Manchester United) £260,000 per week £13.5m per year
* Transfer is set to be completed in January
** All estimated figures are pre-tax, except in these cases where figures are post-tax. Sums may vary according to bonus payments.
Read more: http://www.dailymail.co.uk/sport/fo...615k-week-Shanghai-Shenhua.html#ixzz4TKXQ5Mum
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Grays_1890
Barry Daines
Pelle my GHod, easy money out in China
Lemonade Money
Les Medley
Must have been tough to choose between that and winning stuff with Southampton.
Doubt we'll ever play them again.
victims made a pre-tax loss of £19.8million last year despite revenue breaking through the £300million mark for the first time.
After two years in the black the club dropped back into the red according to the club’s official accounts, released on Wednesday.
The loss in the year ending May 2016 was largely due to investment in the first-team squad plus pay-offs to manager Brendan Rodgers – sacked in October 2015 – and his backroom staff.
Twelve additions were made to the squad, including the likes of £32million Christian Benteke – no longer at the club having been sold after one season at a £5million loss – and £29million Roberto Firmino.
There were also six new contract extensions and some costs associated with the redevelopment of the Main Stand at Anfield.
In the same accounting period the club did, however, sell Raheem Sterling to Emirates Marketing Project in a £49million deal.
Press Association Sport understands the club are comfortable with the deficit as, since the last financial year ended, there has been an increase in income as a result of commercial deals and the capacity of hospitality in the new Main Stand has doubled.
The club are expecting to see “significantly improved results” for the current financial year.
Overall revenue, which has grown year on year since Fenway Sports Group took over in October 2010, increased to a record £301m, up from £297.9m the previous year when the club posted a £60m profit in the main thanks to the £75m sale of Luis Suarez to Barcelona.
Commercial revenue dipped by £700,000 to £115.7m – partly as a result of work on the Main Stand restricting non-match day access – while match day revenue increased by £3.4m to £62.4m thanks to income from a pre-season tour to Australia and Asia and the team reaching the League Cup and Europa League finals.
Media revenue increased by £1m to £123.6m.
“The increase in the underlying revenue adds further strength to the club’s financial position despite the cost of football rising with player transfer fees, wages and agents’ costs,” said chief operating officer Andy Hughes.
“During this reporting period, we also agreed a new five-year credit facility which further secures the club’s long-term financial stability.
“All three main revenues streams continue to show strength and commercial revenues held firm irrespective of the impact of the Main Stand at Anfield.”
victims is the only club in the top 10 of the Deloitte football money league (in ninth place) that did not play in the Champions League last season – demonstrating the strength of its commercial operations to support reinvestment into the playing squad.
“Since this reporting period, which is nearly a year ago, we have continued to make solid financial progress and we expect to see further growth in our revenues following the successful opening of the main stand and the new media deal,” added Hughes.
“Our commercial operations continue to thrive through new partnerships, global retail growth and developing our international soccer schools, with our newest academy opening recently in Australia.
“The investments from this ownership have been a key factor to our financial and global progress.
“We have seen continued investment in the playing squad, the expanded Main Stand, the new flagship retail store opening later this year, fully refurbished retail stores in victims and Belfast, and we are consulting on a proposed development at our academy in Kirkby to bring together the first team and our young players.
“These investments all contribute to further progress and strengthen the club’s financial position which ultimately serves to support all of our football ambitions.”
After two years in the black the club dropped back into the red according to the club’s official accounts, released on Wednesday.
The loss in the year ending May 2016 was largely due to investment in the first-team squad plus pay-offs to manager Brendan Rodgers – sacked in October 2015 – and his backroom staff.
Twelve additions were made to the squad, including the likes of £32million Christian Benteke – no longer at the club having been sold after one season at a £5million loss – and £29million Roberto Firmino.
There were also six new contract extensions and some costs associated with the redevelopment of the Main Stand at Anfield.
In the same accounting period the club did, however, sell Raheem Sterling to Emirates Marketing Project in a £49million deal.
Press Association Sport understands the club are comfortable with the deficit as, since the last financial year ended, there has been an increase in income as a result of commercial deals and the capacity of hospitality in the new Main Stand has doubled.
The club are expecting to see “significantly improved results” for the current financial year.
Overall revenue, which has grown year on year since Fenway Sports Group took over in October 2010, increased to a record £301m, up from £297.9m the previous year when the club posted a £60m profit in the main thanks to the £75m sale of Luis Suarez to Barcelona.
Commercial revenue dipped by £700,000 to £115.7m – partly as a result of work on the Main Stand restricting non-match day access – while match day revenue increased by £3.4m to £62.4m thanks to income from a pre-season tour to Australia and Asia and the team reaching the League Cup and Europa League finals.
Media revenue increased by £1m to £123.6m.
“The increase in the underlying revenue adds further strength to the club’s financial position despite the cost of football rising with player transfer fees, wages and agents’ costs,” said chief operating officer Andy Hughes.
“During this reporting period, we also agreed a new five-year credit facility which further secures the club’s long-term financial stability.
“All three main revenues streams continue to show strength and commercial revenues held firm irrespective of the impact of the Main Stand at Anfield.”
victims is the only club in the top 10 of the Deloitte football money league (in ninth place) that did not play in the Champions League last season – demonstrating the strength of its commercial operations to support reinvestment into the playing squad.
“Since this reporting period, which is nearly a year ago, we have continued to make solid financial progress and we expect to see further growth in our revenues following the successful opening of the main stand and the new media deal,” added Hughes.
“Our commercial operations continue to thrive through new partnerships, global retail growth and developing our international soccer schools, with our newest academy opening recently in Australia.
“The investments from this ownership have been a key factor to our financial and global progress.
“We have seen continued investment in the playing squad, the expanded Main Stand, the new flagship retail store opening later this year, fully refurbished retail stores in victims and Belfast, and we are consulting on a proposed development at our academy in Kirkby to bring together the first team and our young players.
“These investments all contribute to further progress and strengthen the club’s financial position which ultimately serves to support all of our football ambitions.”
Danishfurniturelover
the prettiest spice girl
Arsenal are an odd club what is going on there.
They could and should be doing so much better, I know they spent some money in the summer but they should be buying better players.
Wenger letting players run out contracts means they have to qualify for the champs league or it will be a disaster. I know the players might still leave on a free but if they qualify for the champs league he could say he was right not to sell them last summer.
They could and should be doing so much better, I know they spent some money in the summer but they should be buying better players.
Wenger letting players run out contracts means they have to qualify for the champs league or it will be a disaster. I know the players might still leave on a free but if they qualify for the champs league he could say he was right not to sell them last summer.