Club finances - last year's figures released

grey_til_I_dyegrey_til_I_dye
in Management & Board
Figure it could do with its own discussion.
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  • IronHerbIronHerb
    Peter Jamieson
    ‏

    @PeterJamieson1
    8h8 hours ago
    More
    West Ham are late filing accounts so will incur a £150 late filing fee from HMRC.

    Dave Sullivan has offered £30 up front with £20 a season over the next 6 years

    Well it made me laugh. ;biggrin
  • OldCastleSwiftOldCastleSwift
    An £8m increase in turnover since the move to the OS. Is that it?!

    Makes selling our home and heritage completely worthwhile...
  • IronHerbIronHerb
    It is odd that the Accounts are published and added to the OS but not mentioned in the Latest News. ;hmm

    https://www.whufc.com/news/club-accounts-published-for-2016-17
  • AdamAdam
    Looks like there is an interview with Gold on Ex’s podcast. I don’t normally listen but it should be interesting to hear what he has to say (without being abused, of course).
  • thornburyironthornburyiron
    Why would you think there'd be a massive increase in turnover at the new stadium? Yes we are getting nearly 20,000 more fans but if each one of those paid £1000 it would only generate £20M. As a lot of those seats are at cheaper rates I can see why it's a lot less than £20M.
  • OldCastleSwiftOldCastleSwift
    edited March 2018
    Thorn, because I thought that was the point of moving; to generate more income to be able to compete in the upper tier of the PL. I appreciate that ticket prices are lower than they could be, but for me an £8m increase in turnover is not enough to warrant moving from the Boleyn as it won't bring us closer to where we want to be.
  • OldCastleSwiftOldCastleSwift
    Will be very interesting to see what happens in the summer if we stay up. Sully has said:

    "In each of the last two seasons we have broken our transfer record and improvements in our overall financial position will help us to increase investment again this summer."

    So with a record profit of £43m in their pockets, I wonder if we'll see a significant increase in outlay compared to the c£30m they've spent in each of the last two years ;hmm
  • Pearces_Left_FootPearces_Left_Foot
    I always thought they said the stadium would only generate an extra £12m a season in revenue so less than thought but we do give an extra 20,000 fans a game a chance to watch us . I never bought into the champions league in 7 years as a promise but more a vague ambition, hopefully we can see the increase in funds invested in the team in the summer
  • MrsGreyMrsGrey
    IronHerb said:

    It is odd that the Accounts are published and added to the OS but not mentioned in the Latest News. ;hmm

    https://www.whufc.com/news/club-accounts-published-for-2016-17

    Not that odd. The website has a long history of ineptitude.
  • OldCastleSwiftOldCastleSwift
    MrsGrey said:

    IronHerb said:

    It is odd that the Accounts are published and added to the OS but not mentioned in the Latest News. ;hmm

    https://www.whufc.com/news/club-accounts-published-for-2016-17

    Not that odd. The website has a long history of ineptitude.
    The Insider ;wahoo
  • MrsGreyMrsGrey
    edited March 2018
    ;lol

    I was thinking more about articles that appear only in 1 category and aren't tagged for 'latest' or articles containing broken links or videos which don't play. And the shockingly poor design of the 'gallery' feature .... and how much space is given to the sponsor logos. And the user-unfriendly layout and operation of the fixtures page.
  • MrsGreyMrsGrey
    Ive just noticed that when you go to the home 'splash' page, there's the scrolling list of latest articles.

    But if you use the navigation tabs/menu to bring up a list of 'News/Latest' pages, you get a different list of articles - they don't match. ;hmm
  • IronHerbIronHerb
    MrsGrey said:

    IronHerb said:

    It is odd that the Accounts are published and added to the OS but not mentioned in the Latest News. ;hmm

    https://www.whufc.com/news/club-accounts-published-for-2016-17

    Not that odd. The website has a long history of ineptitude.
    Didn't think ;doh
  • ianbishoplegendianbishoplegend
    I still think we attract better caliber of player at the new stadium. It’s been a hard move football wise, but I think will benefit long term.
  • thornburyironthornburyiron
    BBB I think the stadium does have a bearing. A potential signing would I'm sure think that playing in front of 57,000 fans is a selling point as opposed to 37,000.
  • BubblesNeverDiesBubblesNeverDies
    edited March 2018
    Although playing in front of 37000 and 20000 empty seats would be a bit of a downer.
  • thornburyironthornburyiron
    BBB if you're talking really top class players then I think they'd probably be reluctant to join us even if we played in front of 157,000
  • Slaven_Cups_His_BeardSlaven_Cups_His_Beard
    thornburyiron said:

    Why would you think there'd be a massive increase in turnover at the new stadium? Yes we are getting nearly 20,000 more fans but if each one of those paid £1000 it would only generate £20M. As a lot of those seats are at cheaper rates I can see why it's a lot less than £20M.

    Because they told everyone before the move that by going to the LS our transfer kitty would jump to around £40m net before sales....

    More utter guff from the owners base on the last 2 seasons, while they were taking back their money and interest they were underbidding on certain players, what a surprise
  • thornburyironthornburyiron
    So from that you inferred there'd be a massive increase in turnover because I didn't. Maybe the £40M was made up of the usual £30M plus at best an extra £10
  • IronHerbIronHerb
    Well you’re not going to the next level on £30m a season transfer spend.
  • VorselaarhammerVorselaarhammer
    We could have made a lot more from the stadium move by doubling ticket prices but I suspect that may have generated a problem of two....
  • imagelostimagelost
    Vorselaarhammer said:

    We could have made a lot more from the stadium move by doubling ticket prices but I suspect that may have generated a problem of two....

    To watch dross,,,
  • Cuz1Cuz1
    Did you mean bros I owe you nothing, or there’s a cat amongst the pidgions, you couldn’t double the price of tickets for them lol
  • MunichHammerMunichHammer
    Tbf I reckon ticket income is fairly low for most clubs because tv income is so extremely high. I haven't taken a look at the exact figures but if you strip away tv income I expect the growth of income to look a lot better. Sure, they could probably have got a similar amount staying at UP but that would have meant ticket price increases. And on top of that, if any stand needed repairs the attendance and thus the income would have dropped dramatically.
  • YeoldhammerYeoldhammer
    We sold Payet
    Dimitri Payet
    I just don't think you understand
    it's money in the bank
    We're playing really rank
    We sold Dimitri Payet.

  • grey_til_I_dyegrey_til_I_dye
    Yeah, it was really frustrating the way the club couldn't wait to get rid of him.
  • MunichHammerMunichHammer
    grey_til_I_dye said:

    Yeah, it was really frustrating the way the club couldn't wait to get rid of him.

    Against his wishes, mind you. ;sofa
  • OldCastleSwiftOldCastleSwift
    Speaking of finances, the club got hit with a £30k fine for its administrative faux pas

    bbc.co.uk/sport/football/43322593
  • baracks_a_hammerbaracks_a_hammer
    edited March 2018
    Well that’s slashed this summer’s transfer kitty by 25% then
  • imagelostimagelost
    OldCastleSwift said:

    Speaking of finances, the club got hit with a £30k fine for its administrative faux pas

    bbc.co.uk/sport/football/43322593

    What does this mean
    What does hiding mean
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