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



El Presidente

El Presidente

The ONLY Gay in Brighton
Helpful Moderator
Jul 5, 2003
39,707
Pattknull med Haksprut
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]
 




D

DavidRyder

Well-known member
Jul 23, 2013
2,885
Based on the number of programmes sold per game (i'm guessing at 5000 for the sake of this), a price rise of 50p and we can have that debt cleared in 4,357 years (3600 if we are relegated and never go back up).
 


Easy 10

Easy 10

Brain dead MUG SHEEP
Jul 5, 2003
61,751
Location Location
The goonsquad are going to LOVE this. They've never quite been able to get their heads around an interest-free "debt" to Tony Bloom being completely different to a debt to, say, Agilo. Or the fact that the majority of the debt has been through huge investment in infrastructure to get us away from a council athletics track and a ploughed field for a training ground - as opposed to pouring hundreds of millions of pounds into players and agents pockets over the last 6 years and having absolutely nothing whatsoever to show for it.

I'm ok with that.
 




schmunk

schmunk

"Members"
Jan 19, 2018
9,496
Mid mid mid Sussex
Easy 10 said:
The goonsquad are going to LOVE this. They've never quite been able to get their heads around an interest-free "debt" to Tony Bloom being completely different to a debt to, say, Agilo. Or the fact that the majority of the debt has been through huge investment in infrastructure to get us away from a council athletics track and a ploughed field for a training ground - as opposed to pouring hundreds of millions of pounds into players and agents pockets over the last 6 years and having absolutely nothing whatsoever to show for it.

I'm ok with that.
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£200m? That'd buy them TWO lovely new stands.
 




Nathan

Nathan

Well-known member
Jan 8, 2010
3,754
Ipswich seem to be high on the list, considering where they are in the league and what they spend. Do they owe the money to the banks or to Marcus Evans?
 


El Presidente

El Presidente

The ONLY Gay in Brighton
Helpful Moderator
Jul 5, 2003
39,707
Pattknull med Haksprut
Nathan said:
Ipswich seem to be high on the list, considering where they are in the league and what they spend. Do they owe the money to the banks or to Marcus Evans?
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Evans

Ipswich 2018 Debt.JPG
 


Westdene Seagull

Westdene Seagull

aka Cap'n Carl Firecrotch
NSC Patron
Oct 27, 2003
21,005
The arse end of Hangleton
Can't say I'm particularly worried. Tony can clearly afford it and I would imagine, over time, he'll turn that debt into shares. Equally four or five seasons in the PL could pay it off without reducing the playing budget to zero.

Now if I was a Man U fan I'd be more concerned as the Glazers borrowed that money against the club to buy the club - standard business practice for takeovers I know but not something that would sit comfotably we me as a fan.
 




B-right-on

B-right-on

Living the dream
Apr 23, 2015
6,171
Shoreham Beaaaach
El Presidente said:
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.
Click to expand...

£785m in interest?? Jeez. TB is a true fan of the cluib.
 




Guinness Boy

Guinness Boy

Tofu eating wokerati
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Jul 23, 2003
34,131
Up and Coming Sunny Portslade
Easy 10 said:
The goonsquad are going to LOVE this. They've never quite been able to get their heads around an interest-free "debt" to Tony Bloom being completely different to a debt to, say, Agilo. Or the fact that the majority of the debt has been through huge investment in infrastructure to get us away from a council athletics track and a ploughed field for a training ground - as opposed to pouring hundreds of millions of pounds into players and agents pockets over the last 6 years and having absolutely nothing whatsoever to show for it.

I'm ok with that.
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Quite.

As we piled, drunkenly, out of hte West Lower bar on Tuesday night Tony passed us by with what can only be described as a massive shit-eating grin on his face. His entourage looked pretty happy too (and you know you've made it when you really and truly have an entourage). He did not look like a man who was going to demand repayment any time soon - more like a bloke satisfied that at last his favourite toy was bringing pleasure to him and thousands of others.
 




Thunder Bolt

Thunder Bolt

Silly old bat
Aug 18, 2009
65,454
Beside the seaside, beside the sea
Westdene Seagull said:
Can't say I'm particularly worried. Tony can clearly afford it and I would imagine, over time, he'll turn that debt into shares. Equally four or five seasons in the PL could pay it off without reducing the playing budget to zero.
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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.
 


Not Andy Naylor

Not Andy Naylor

Well-known member
Dec 12, 2007
8,798
Seven Dials
Guinness Boy said:
Quite.

As we piled, drunkenly, out of hte West Lower bar on Tuesday night Tony passed us by with what can only be described as a massive shit-eating grin on his face. His entourage looked pretty happy too (and you know you've made it when you really and truly have an entourage). He did not look like a man who was going to demand repayment any time soon - more like a bloke satisfied that at last his favourite toy was bringing pleasure to him and thousands of others.
Click to expand...

Exactly. Would you rather have wheelbarrow-loads of money or own the Albion? Wads of tenners don't score with their first touch after coming on as a substitute or humiliate James Tomkins..
 






El Presidente

El Presidente

The ONLY Gay in Brighton
Helpful Moderator
Jul 5, 2003
39,707
Pattknull med Haksprut
Lush said:
It's only part of the picture though, and should be balanced against the income that other clubs have received in the past 5 - 10 years. And that we haven't ever been in administration.
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Some clubs have been in administration TWICE too.
 


Bold Seagull

Bold Seagull

strong and stable with me, or...
Mar 18, 2010
29,789
Hove
El Presidente said:
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.
Click to expand...

I suppose my burning question is what are the assets worth?

ManUnited value at £3bn according to forbes. Debt to value ratio of 16%. No idea what the Albion is currently worth as equity against the loan.
 




jakarta

jakarta

Well-known member
May 25, 2007
15,623
Sullington
Bold Seagull said:
I suppose my burning question is what are the assets worth?

ManUnited value at £3bn according to forbes. Debt to value ratio of 16%.
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Given their current form no doubt worth a few bob less at present, sadly it is true that there will always be some crook or other who would like to own a 'Name' Football Club...
 








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