Kieran Maguire: West Brom in 'turmoil' amid £107m reveal
West Brom look like a club in “turmoil”.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the Baggies’ end-of-year results for the 2020-21 campaign.
West Brom are the last of the teams who competed in the Premier League during that campaign to release their annual report having pushed their accounting date back by three months.
The figures, which Albion announced on Thursday (30 June), show a small profit of £100,000 on a turnover of £106.9million.
The club spent £76.9m in salary costs, up on £66.9m in the Championship the previous season.
They were relegated to the second tier at the end of the 2020-21 campaign and finished 10th in the Championship in 2021-22.
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Maguire analysed the accounts and claimed that the numbers do not paint a flattering picture of the Hawthorns club.
“They had the second-lowest wage bill in the Premier League,” he told Football Insider’s Adam Williams.
“The devil is in the detail here. Wages were 72 per cent of income. Also, the amount they spent on players was less than they spent the previous season in the Championship.
“That reflects a club that seems to be in turmoil. It appears they are lacking direction and strategy.”
Also detailed in the accounts was the £4.95m that owner Guochuan Lai paid to himself during 2020-21.
The borrowing has still not been repaid and has an interest rate of just £50,000.