West Bromwich Albion have reported a loss of £11m for the 2022-23 season, which was the final full season under the ownership of Guochuan Lai. The loss follows a reduction in Premier League parachute payments and a decrease in turnover due to sponsorship deals. Staff wages increased slightly, mainly due to changes in coaching staff. The club has not made any player signings for a fee during this period.
West Bromwich Albion have recorded an £11m loss for the 2022-23 campaign - the final full season under the ownership of Guochuan Lai . Having made a £5.4m profit in 2021-22 - Albion's first campaign after relegation from the top flight - these latest figures follow the reduction of Premier League parachute payments . Staff wages increased slightly from £42.4m to £45.
9m, largely down to the departure of manager Steve Bruce and his coaching team - and the appointment of head coach Carlos Corberan and his own backroom staff. Turnover decreased by £7.7m to £56.7m after a reduction in income from sponsorship deals, as well as the parachute payments reduction. Guochuan Lai spent more than seven years as Albion chairman after taking over from Jeremy Peace in 2016Corberan has not signed any player for a fee in his 17 months at the club, but this includes payments for two players signed for the Covid pandemic-delayed 2020-21 Premier League season.The club made £
West Bromwich Albion Loss 2022-23 Season Guochuan Lai Premier League Parachute Payments Turnover Sponsorship Deals Staff Wages Coaching Staff Player Signings
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