indeedido
Well-known member
Brentford have nett asset value of £24m. Middlesbrough have nett liabilities of £85m.Well not if it meant giving up our Carling Cup win, and other finals etc. My point is I’m not remotely envious, in the scheme of things, of Brentford as things stand.
Even if they go up I can imagine them being back down here within a year. And probably not in a very good financial position.
Brentford owe their shareholders £59m. Middlesbrough owe our owner £116m.
If Brentford go up, their turnover will rise to a minimum of £120m in year 1. Middlesbrough will be lucky to hit £20m.
The squad values are incomparable now, let alone after a season in the top flight.
Their revenue post relegation would be x3 ours.
Their owners are wealthier and more likely to actually invest rather than guarantee against inevitable losses.
Those figures are comparable up to June 2020. The figures will have got much worse for both clubs. They had room for that, we didn't.
Norwich are just very prudently run against that top 26 strategy. They spend to an income they understand. Their owners are not rich, nor do they invest, the club has virtually no book value, but no crippling debt either.
They pay players well, but recruit with an eye on growing asset value (exact opposite to Assombolonga). They then sell what they need to bridge the gap in revenue on relegation, nett of parachute income.
Norwich's turnover last season in the PL was lower than ours was three years earlier.
Norwich and Brentford's owners could sell their clubs and make money. Gibson couldn't give Boro away.
Both clubs are immeasurably better run than Boro have been, with very different owners.
That a poxy little club like Brentford can have so changed the scales is credit to the way they are run and commentary as to ours has been.