[themaclad]

West Bromwich Albion v Preston North End
4 May 2024 12.30 hrs

https://www.wba.co.uk/

https://westbrom.com/forum/index.php

https://www.sportsbabble.co.uk/forumdisplay.php?fid=21

LAST TIME OUT





FORM GUIDE

WBA 5 PNE 5

A meeting of sides lacking a bit of form although in our case we appear to have given up

IN FORM



CULTURE

CAN ONLY BE



West Bromwich Building Society, commonly referred to as the West Brom, is the seventh largest building society in the UK, with its headquarters in West Bromwich, England. It is a member of the Building Societies Association. At March 2023, the Society had total assets of more than £5 billion.[2]

The Society was formed in 1849 and remained a very local society for over a 100 years, only adding a few local branches in the 1930s.

The appointment of Frank Dilkes as managing director in 1965 led to substantial regional expansion and within little more than a decade there were 67 branches. Later financial expansion through extended use of wholesale funds, and lending on commercial property meant that the Society became over-extended; losses were incurred, its credit rating was downgraded and in 2009 there was speculation about its future.

A back to basics programme saw a reduction in wholesale funding, a gradual withdrawal from commercial property lending, and a reduction in its cost base. Operating out of 36 branches, with 95% of its lending for home ownership, the Society is now soundly based and 7th by size in the industry.

History
A local Society
The meeting to propose a building society for West Bromwich was held on 23 April 1849 at the Paradise Street Methodist Meeting rooms. It is believed that the West Bromwich Permanent Building Society formally opened for business later that year. There were 20 men at that first meeting, all steeped in Methodism, and comprised local tradesmen and skilled craftsmen -retailers, a boat builder, boot maker, blacksmith, glass cutter. One of these was appointed the first Secretary, James Sharp, a grocer. A couple of years later, hardly any of the original names were mentioned again and the trustees were drawn more from the middle class. The only figure of note in those early years was Reuben Farley, a prominent industrialist and later the first Mayor of West Bromwich. He was not one of the original 20 but he signed the earliest remaining accounts (1851) and from 1858 to his retirement in 1897 signed the accounts as president.[3]

The aims of the Society were no different to those of other early societies. Intentions to enable the working man to be his own landlord and "enjoy the privilege of exercising the franchise" were expressed in the 1852 annual report. The extension of the franchise was a common theme of the early building societies and reflected the aims of the Freehold Land Societies. Lending was only for houses and not for building developers or commercial property The Society confined itself to its immediate locality and growth was often slow – between 1879 and 1909 assets grew from £170,000 to no more than £209,000.[3]

The Inter-war Years
The inter-war period saw more substantial growth in assets, from £0.3m to £3.8m in 1939. This reflected the growth of West Bromwich town, some modest geographical movement and, of course, the substantial increase in home ownership. The Society dominated West Bromwich; in 1928 75% of all the town's mortgages were with the Society, accounting for half of its total business. Most of the remainder was in Birmingham, Smethwick and neighboring small towns. In that year the Society opened its first branches, in Smethwick, Oldbury and Tipton; they all proved profitable so in 1931 a further branch was opened in Handsworth. This was hardly an ambitious geographical move – it was done partly because other societies were coming to Birmingham and getting nearer to West Bromwich. The four branches only opened part time for three days a week; indeed, a 1961 advert had the branches still opening on this part-time basis.[3]

The Dilkes years – a regional Society
The change from a successful but local building society into a major regional society was dramatic, and down to one man. Frank Dilkes was appointed Assistant Manager in 1958, General Manager in 1961 and managing director in 1965. Once he became managing director, he was able to convince the Board to start an expansion policy. This including modernizing the administration, looking for a purpose-built HQ and, above all, opening branches. The first step was to convert the four sub-offices to full branches. Within three years Dilkes strengthened the position in the Midlands by opening nine branches, from Wolverhampton across to Leicester and Coventry. Further afield, branches were opened in Chester and Manchester supported by collecting offices as far afield as Norwich, Sunderland and Blackpool. At the end of 1971 there were 37 branches and by 1978 this had increased to 67 branches covering the Midlands, Shropshire and North Wales, also Hampshire and Bedfordshire. The Society ranked as the 25th by size with over £100m of assets. The West Bromwich also began to diversify, offering loans for car purchase and in the late 1980s a full range of insurance products. When Dilkes retired as managing director in 1983, the Society had £338m of assets and 90 branches.[3]

Crisis
Rising house prices, a substantial increase in its commercial property lending, supported by an increase in wholesale funding took the West Bromwich's assets up to a peak of £9.6 billion in 2008. That date marked the start of the international financial collapse epitomized in the building society movement by the failure of the Northern Rock. The rising cost of wholesale funding combined with asset provisions meant the Society incurred a £49m pre-tax loss.[4] The Society's credit rating was downgraded and there was speculation over its independent future.[5] The West Bromwich was forced to move away from its previous diversification programme and return to the "more tried and trusted" building society model with its clear focus on retail savings and prime residential mortgages. The "back to basics" approach included a reduction in wholesale funding, a withdrawal from commercial lending and a planned reduction of at least a quarter of the Society's cost base.[4]

Recovery
Wholesale funding fell from 32% in 2008 to 11% in 2010 and the asset base was reduced more than 40% to £5.6 billion in 2015, a level broadly maintained since. However, the legacy of the commercial property lending, which incurred substantial losses, took longer to unwind; it took a decade to reduce lending of £1.7 billion in 2009 down to £400m. In his 2020 Annual Report, the Chief Executive reflected that "over the last decade the Society has been on a simple mission…to repair our business model and transform the balance sheet to be reflective of what a building society should be - an organisation that lends savers’ money for the purpose of putting people in homes in a way that is safe and responsible." It had become a more compact Society, still 7th by size in the industry, with 36 branches, 95% of its lending for home ownership, and with a portfolio of rental residential property.[4]

AUF being repeated on ITV 4 at the moment

[talkSAFT]

Very interesting, Mac.

Any Football this weekend?

[themaclad]

Not by us

[themaclad]

Who’s Available?

Ryan Lowe is expecting everyone who was part of the matchday squad on Monday night against Leicester City to again be involved this weekend.

Ali McCann, Ben Whiteman, and Brad Potts will all miss out again through injury.

Ched Evans could make his 400th career appearance if he features, while 16-year-old Theo Mawene, who became the club’s seventh-youngest appearance maker on Monday, will be hoping for more minutes.

Opposition Focus

It looked as though West Brom had all but sealed their Play-Off spot a few weeks back, but one victory in their previous seven matches has meant their fate is still to be sealed on the final day.

After finishing ninth last season, Carlos Corberán’s side have enjoyed a great campaign and they hold the division’s sixth best record at home, picking up 46 points from their 22 matches.

Heading into the final day, there’s three teams fighting for two Play-Off places, with Norwich City currently sitting fifth and travelling to Birmingham City, and Hull City in seventh head to Plymouth Argyle.

Match Officials

Referee: Stephen Martin
Assistant Referees: Mark Dwyer and Rob Smith
Fourth Official: David Webb

Stephen Martin will referee his second North End match of the campaign on Saturday, after taking charge of the recent 3-0 victory over Rotherham United.

Martin has been the main official for 21 matches so far this season, showing 104 yellow cards and two reds.]

IT'S THE FINAL COUNTDOWN

MACS VIEW

Well we won't be heading for Europe but traditional mid table obscurity, given our last four results there is absolutely zero chanc of getting any thing from this game but in a round about way we can absolutely shaft one or two teams
Lose at WBAA basically means Hull can't get the play offs, therefore when we are three down at half time they will capitulate at Plymouth. Norwich will also take it easy in the knowledge that Hull won't win by seven at Plymouth take a defeat at Birmingham.
Meanwhile Wednesday win at Sunderland and finally Rovers will lose at Leicester ending up with them getting relegated JOB DONE

[talkSAFT]

Hope you enjoyed the match, Mac

[themaclad]

West Bromwich Albion 3 Mowatt pen, Bartley, Furlong Preston North End 0

West Brom line-up: Palmer; Furlong, Bartley, Kipré, Townsend; Yokuşlu (M’Vila, 76), Mowatt; Fellows (Wallace, 68), Diangana (Phillips, 85), Johnston (Swift, 76); Thomas-Asante (Maja, 85). Subs not used: Griffiths, Ajayi, Chalobah, Reach.

PNE line-up: Woodman; Storey, Lindsay, Hughes (Best, 84); Browne, Whatmough, Holmes (Seary, 72), Millar; Frøkjær (Stewart, 72); Keane (Evans, 84), Riis (Osmajić, 29). Subs not used: Cornell, Brady, T.Mawene, N.Mawene.

Attendance: TBC (1,266 PNE fans).

Referee: Mr S Martin.

As predicatable as day follows night in the end we surrended, five straight defeats, and no goals a truly wonderful way to end the season. Albion full value for their victory although in fairness to the hapless ones in yellow we did actually play well enough in the first although a save by Woodman and an awful miss by Thomas-Asante he missed another sitter in the second half.
Another early start the evr lovely M6 and there two hours before kick, wandered down to the cricket ground and back, one lap round the ground, steps target achieved and in we go. To be fair to fantastic probably the strongest side we could put out.
Both sides had early periods of pressure with Millar being our go to man, as per usual final pass was dire and we soon came under pressure, Albion should have been ahead as already mentioned but there was a certain amount of tension in the air given Albion's fate rested with other games namely Hull. Soon became apparent Hull were losingand the edge appeared to go from the game. Into injury time harsh looking free kick given to the home siide in the resulting play, Albion player down and the man with two brains instantly pointed to the spot.
Mowatt sent Woodman the wrong way Albion in front at the break and in the play offs



Soon became apparent in the second period the goal had killed us stone dead and we gave a passable impression of not giving a toss, Albion second was an error by Woodman came for a long throw in didn't get it and in the ensuing panic Bartley scored. The third was even worse defender Diangana down the left Whatmough sort of tried to tackle him in the area faied to and the winger found Furlong who bagged easily.
Some of the away support headed for the exit didn't miss much Albion probably should have scored more didn't and the man with two brains blew the whistle to end a truly dire end to tyhe season.
Browne and Evans gave their shirts to two supporters clapped the support disappeared from the pitch neither likely to play for us again.

West Brom head coach Carlos Corberan said:

“The first target, to reach the play-offs, is done, and now we will work towards the next one. I’m happy to have the possibility to do it with this group of players. They deserve, over the season, the position we’ve achieved today.

“The play-offs give you the step that allow you to fight for promotion. Unfortunately last year we couldn’t achieve it, but this year we have.

“We know we are going to have a massively strong test, because Southampton are a team that were in the Premier League last year and who deserve their position too.

“We know how difficult the new target, which is Wembley, will be to achieve, but we are going to make our best [effort].”

Preston manager Ryan Lowe said:

“We were nowhere near the level. It’s been disappointing for everyone involved, the fans and hierarchy, because we wanted to finish the season on a high.

“It’s my job to find solutions and be better next season. The recruitment has already started, to find more leaders, more quality for when we have a burst of injuries as we’ve had.

“I didn’t think my team would have given in like it looks like they have - that’s disappointing. We have to make up that gap.

“But I believe in my ability, my staff’s ability, the players we’ve got at our disposal now and I think we can achieve some great things and keep pushing on.”

Roughly translated as I havn't got a clue what to do

[themaclad]