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[Football] Albion have second highest level of debt in British football





Deportivo Seagull

I should coco
Jul 22, 2003
4,863
Mid Sussex
Hasn't Tony Bloom already converted some of that 'debt' into shares? I know he said if anything happened to him (God forbid) the money is ring fenced.

As Easy 10 says, this is just ammunition for opponents, especially the goons up the road to try and fling at us.

F**k ‘em.
 






D

Deleted member 2719

Guest
Top of the table is Manchester United, who owe £496 million to banks and have paid £785 million in interest to the banks since the Glazers took over.

2nd is the Albion, who owe £207 million, nearly all of which is to Sir Tony Bloom, and have paid NOTHING in interest to him since he took over.



[Tweet]1070630954279018497[/Tweet]

Wow didn't think we would be second!

Yet Barber still not happy about parting with a junior shirt to my daughter.

Drop in the ocean.
 












Guinness Boy

Tofu eating wokerati
Helpful Moderator
NSC Patreon
Jul 23, 2003
33,820
Up and Coming Sunny Portslade




Postman Pat

Well-known member
Jul 24, 2007
6,971
Coldean
Are we due a new set of accounts soon? I saw the last ones were published on 22nd Dec last year.

Really interested to see how a season of PL football will have an impact on income/spending/debt.
 






Official Old Man

Uckfield Seagull
Aug 27, 2011
8,486
Brighton
All of this is going over my head.
So we have the second biggest debt which is £200 million owed to one person.
How are Spurs paying for their ground though. £800 million cash in the bank, I doubt it. So that must be a debt.
 


Bold Seagull

strong and stable with me, or...
Mar 18, 2010
29,719
Hove
All of this is going over my head.
So we have the second biggest debt which is £200 million owed to one person.
How are Spurs paying for their ground though. £800 million cash in the bank, I doubt it. So that must be a debt.

I read that they have £400m in bank loans on the stadium, repayable within 5 years!

Stadium costs are up to what, £850m now?
 




Titanic

Super Moderator
Helpful Moderator
Jul 5, 2003
39,025
West Sussex
...2nd is the Albion, who owe £207 million, nearly all of which is to Sir Tony Bloom, and have paid NOTHING in interest to him since he took over.

He has clearly 'invested' more than £207m to date... do we know how much he has written off / converted to shares (which he already owns nearly all anyway, doesn't he)?
 




Thunder Bolt

Ordinary Supporter
Wow didn't think we would be second!

Yet Barber still not happy about parting with a junior shirt to my daughter.

Drop in the ocean.

Still blaming Barber for you not registering your daughter's name in time?
 








Official Old Man

Uckfield Seagull
Aug 27, 2011
8,486
Brighton
All of this is going over my head.
So we have the second biggest debt which is £200 million owed to one person.
How are Spurs paying for their ground though. £800 million cash in the bank, I doubt it. So that must be a debt.

I read that they have £400m in bank loans on the stadium, repayable within 5 years!

Stadium costs are up to what, £850m now?

So I still don't get it. There's no way that owing £200 million is the second biggest debt.
 



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