West Bromwich Albion Football Club has submitted to Companies House its annual report and financial statements for the 12-month period ended 30 June 2024, which reflects the 2023/24 EFL Championship season.
During this period, on 28 February 2024, Bilkul Football WBA, LLC – a company ultimately owned by Shilen Patel and Dr Kiran C. Patel – acquired an 87.8% shareholding in the company's immediate parent company, West Bromwich Albion Group Limited.
Bilkul has continued to provide operating monies to the club since the takeover and additional capital injections totalling £25.3m have been received to date.
The club recorded a loss of £33.9m (2023: £11m loss) for the period ended 30 June 2024.
Turnover decreased to £28.2m (2023: £56.7m), owing to a reduction in Premier League distributions and sponsorship income.
Staff costs decreased from £45.9m to £42.9m, with the decrease predominantly driven by changes to the men’s first team playing squad and senior leadership staff.
Bilkul will continue to provide operating monies to the club and Albion remain committed to complying with the EFL’s Profit and Sustainability Rules.
