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Are we better or worse than the club who got promoted last season..?
I hear rumours that we are 50 million in debt, I really doubt that is true !! Would expect it to be far less.
Blackpool
Owners Owen Oyston (76.3%), Valery Belokon (20%)
These figures from Blackpool’s promotion season show how far the Seasiders gambled – as other Championship clubs do - on climbing up into the Premier League money pot. Valery Belokon, a Latvian industrialist, paid £4.5m in 2006 for 20% of Blackpool, which has long been owned and bankrolled by publisher Owen Oyston, and run by his son, Karl. Although credited with doing so shrewdly, and avoiding paying agents, Blackpool ran a wage bill 144% of the club’s total income, making a £7m loss. Had they not won promotion, the club could have run into difficulties, but Ian Holloway and his team hit the jackpot
60% by the chairman, Jeremy Peace, 10.4% by Geoff Hale
WBA
Considered to be a well-run club which has made its peace with yo-yoing, trying to stay in the Premier League without overstretching financially to do so. These figures are for last season’s promotion, in which West Brom cut the wage bill, keeping it at £23m, huge for the Championship, with the benefit of parachute payments and managed to go up comfortably. The club has very little debt, and a good season staying up this year will have greatly improved their financial position.
Mike Ashley owns Newcastle United via his company, St James Holdings Limited
Newcastle
These are the figures from Newcastle’s promotion season; with turnover halved, the club kept a huge wage bill for the Championship and finished top, 23 points clear of third place. Hapless Mike Ashley has found himself vilified for awful decisions and an absence of grace, yet he has put £140m in interest free loans into Newcastle. With St James Park’s 52,000 capacity, the third biggest in English football. The club also has the £35m from selling Andy Carroll and fans wait to see if Ashley is prepared and able to see it spent wisely this summer on reinforcing the squad.
Interesting stuff regards Fulham, who we seem to want to compare ourselves with, they have one of the largest debts
The £187m he has loaned interest free to embed the club at Craven Cottage and finance its rise from the bottom division to the Premier League has belied the early expectation that he would cash in. At Fulham they proudly cite him as the longest-serving “foreign” owner of a Premier League club. Still complains about players’ wages draining clubs, and argues that only BSkyB actually make money out of the Premier League, but with Harrods sold to the Qatari ruling dynasty for £1.5bn last year, Al Fayed shows no sign of withdrawing. Fulham would be nowhere near the Premier League, and probably not at Craven Cottage, were it not for the indulgence of their owner, so their fortunes depend on his continued enthusiasm
Ownership Mafco Holdings Limited, a Bermuda (tax haven) company, which is owned by Mohamed Al Fayed and his family
I hear rumours that we are 50 million in debt, I really doubt that is true !! Would expect it to be far less.
Blackpool
Owners Owen Oyston (76.3%), Valery Belokon (20%)
These figures from Blackpool’s promotion season show how far the Seasiders gambled – as other Championship clubs do - on climbing up into the Premier League money pot. Valery Belokon, a Latvian industrialist, paid £4.5m in 2006 for 20% of Blackpool, which has long been owned and bankrolled by publisher Owen Oyston, and run by his son, Karl. Although credited with doing so shrewdly, and avoiding paying agents, Blackpool ran a wage bill 144% of the club’s total income, making a £7m loss. Had they not won promotion, the club could have run into difficulties, but Ian Holloway and his team hit the jackpot
60% by the chairman, Jeremy Peace, 10.4% by Geoff Hale
WBA
Considered to be a well-run club which has made its peace with yo-yoing, trying to stay in the Premier League without overstretching financially to do so. These figures are for last season’s promotion, in which West Brom cut the wage bill, keeping it at £23m, huge for the Championship, with the benefit of parachute payments and managed to go up comfortably. The club has very little debt, and a good season staying up this year will have greatly improved their financial position.
Mike Ashley owns Newcastle United via his company, St James Holdings Limited
Newcastle
These are the figures from Newcastle’s promotion season; with turnover halved, the club kept a huge wage bill for the Championship and finished top, 23 points clear of third place. Hapless Mike Ashley has found himself vilified for awful decisions and an absence of grace, yet he has put £140m in interest free loans into Newcastle. With St James Park’s 52,000 capacity, the third biggest in English football. The club also has the £35m from selling Andy Carroll and fans wait to see if Ashley is prepared and able to see it spent wisely this summer on reinforcing the squad.
Interesting stuff regards Fulham, who we seem to want to compare ourselves with, they have one of the largest debts
The £187m he has loaned interest free to embed the club at Craven Cottage and finance its rise from the bottom division to the Premier League has belied the early expectation that he would cash in. At Fulham they proudly cite him as the longest-serving “foreign” owner of a Premier League club. Still complains about players’ wages draining clubs, and argues that only BSkyB actually make money out of the Premier League, but with Harrods sold to the Qatari ruling dynasty for £1.5bn last year, Al Fayed shows no sign of withdrawing. Fulham would be nowhere near the Premier League, and probably not at Craven Cottage, were it not for the indulgence of their owner, so their fortunes depend on his continued enthusiasm
Ownership Mafco Holdings Limited, a Bermuda (tax haven) company, which is owned by Mohamed Al Fayed and his family
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