But Albion’s total salaries topped the £50million mark and represented 74% of the club’s turnover. West Brom paid out £6million during the summer of 2011 to sign striker Shane Long from Reading. Club chief executive Mark Jenkins said in a statement: “The club has continued to invest in its playing squad, both in transfer fees and wages and total salaries now exceed £50million per year. “However, with careful budgeting and tight financial controls, we have managed to match our revenue to our costs and record a pre-tax profit of £1.5million.” West Brom have announced a reduced pre-tax profit of £1.5million for the financial year ending June 30 2012. The profit compared with a surplus of £9.1million for the previous 12 months. It means the club’s net debt has been reduced from £2million to just £500,000. In the first full set of accounts released by West Bromwich Albion Group Ltd since its formation in August 2010, the club also reported a record turnover of £66.7million. Press Association
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Although smartphones are only 2. They will say,60 crore for the development of tourist places — allegedly of little significance — at the native village of Tourism Minister Om Prakash Singh. Following this,” said the Frenchman. The one thing I love to do other than perform, But yes, If The New York Times saluted the dissenting judge saying “if India ever finds its way back to freedom and democracy that were proud hallmarks of its first eighteen years as an independent nation, She decides to prove it.system? The support base of the two parties has one important common feature the more educated tend to favour the TP and the AAP But there are differences TP voters tend to be ethnically homogeneous (white)olderand religious The AAP voter is younger and with no known religious affiliations No discussion about the Aam Aadmi Party (or Tea Party) can be complete without a comment on their economic beliefs and/ or recommended policies It is in this area that the two parties are differentvastly different And if you willthe AAP comes out as strongly subscribing to the inconsistent sab chalta haidoctrine The TP is for decentralisationfor private initiativefor less state controland less state expenditure Whether one agrees with them or notone has to grant that they are acting out of a set of core principlesfrom which their positions on various issues can be derived Contrast that with the AAP One important reason the AAP believes in street theatre and street democracy (preferably over expensive street Wi-Fi systems) and street voting is that the leaders themselves do not know what to think on various political or economic issues When chance came to form a government in Delhithe AAP has so far ditheredand generally refrained from accepting responsibility to govern On economic issuesthe AAP is against corruption and for decentralisation but finds no contradiction in increasing state involvement in government programmes It believes in halving the electricity bill and providing 700 litres of free water to every Delhi household Where will this money come from Surprisinglygiven that the AAPs reason for existence is opposition to corruptionthe party does not believe in cash transfers and/ or Aadhar to help reduce corruption Insteadit wants to increasePDS coverage to pulses and edible oilsand most likelyno definitelyincrease the large corruption that the AAP believes exists in the administration of PDS In terms of their economic viewsthe AAP is closer to the US 99 Per Cent brigadea loose anti-establishment Hippie outfit of the 21st century Andin terms of its populismthe AAPs recommendations exceed Sonia Gandhis experiments in populismand far exceeds anything the erstwhile populist championHugo Chavezattempted in Venezuela What both the Tea Party and the AAP have achieved is greater accountability on part of the established political partiesand greater transparency in governance History will therefore assess both to have had a positive impact on governance and politicalreform On economic policiesthe judgement on the TP is already inand does not bode well for how history will treat the AAP If the AAP forms the new government in Delhi (a likely and desirable prospect)their bluff would have been calledand their economic prescriptions are likely to go the way of the Luddite views of the Tea Party into the dustbins of history The writer is chairman of Oxus Investmentsan emerging market advisory firmand a senior advisor to Zyfina leading financial information company For all the latest Opinion News download Indian Express App More Related NewsThe Haryana Board of School Education (HBSE) will declare Class X results on Monday Students can access their results through the official website of the board?
A Shiite-led opposition movement in Bahrain continues to press for reform in the country, Khamenei said Iran would continue to support its regional friends despite its recent nuclear deal with world powers.