Recently Mark Jenkins, who became the acting director of "West Bromwich Albion," was shocked to learn about the club's financial situation - there is not enough money even for players' salaries.
The manager who took over the reins of the Premier League's bottom team was appointed to this position in the winter when contracts were terminated with chairman John Williams and former director Martin Goodman.
"I will say openly that I was shocked when I found out about the decisions made in the past," Jenkins told the official "West Brom" website.
"Our wages, transfer fees, and rent payments are at record levels, but we are still in such a position (at the bottom of the Premier League - ed. note)."
"Watching everything from the outside, I read reports that the club operated on the highest possible short-term expenditure threshold. Knowing what I did, I thought it was a negotiating position, but coming back, I can assure you that we are really at the STCC threshold. There is no more money for salaries."
The STCC rule was introduced so that Premier League clubs would not spend too much on wages from the money they receive from television broadcasts. This means that each season, teams' wages can only increase by £7 million, unless they are funded from the club's own income growth or player sales.
Interestingly, when it comes to the financial situation of "West Brom," last season the club's profit increased from £1 million to as much as £39.7 million. However, this did not help in achieving the desired results.
