Lord Bracknell
On fire
No doubt The Community Stadium Ltd have a stake in the structure of the stadium. But I believe they only have a long-term lease on the site.
How are we funding Falmer?
- Thread starter goatcher1981
- Start date
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Cadiz Seagull
Grey bearded old man
I heard we had suddenly found the Cup Final money down the back of a sofa and used that
mikeyjh
Well-known member
This is the bit that always confuses me - Someone better than me can explain what that means to the balance sheet, cos it has to appear on there somewhere. Abramovitch did something similar, and now the club owe its holding company the cash, or something like that. Either way, it's a fantastic loan - You just need to club to be self sufficient now.
D
Deleted User X18H
Guest
Probably all the extra £1.50's you have to pay on your season ticket.
Stumpy Tim
Well-known member
Assets = Debt + Equity
At the moment, we have $93m in debt (i.e. loans) & the stadium (or cash while it's being built) is $93m worth of asset. In 2023, if we haven't paid the money backto Bloom this $93m of debt becomes $93m of equity. BHAFC Ltd (or whatever the company is called) would issue a large chunk of shares to Bloom.
At the moment, we have $93m in debt (i.e. loans) & the stadium (or cash while it's being built) is $93m worth of asset. In 2023, if we haven't paid the money backto Bloom this $93m of debt becomes $93m of equity. BHAFC Ltd (or whatever the company is called) would issue a large chunk of shares to Bloom.
- Aug 8, 2005
- 27,709
LB, just accept that without Tony Bloom there would no stadium. That is a fact. Martin Perry said exactly that the other day. We are very lucky to have Tony Bloom, in the same way we were lucky to have Dick Knight in 97. But DK has had his credit for that and has now stepped back so have some grace and give Tony Bloom the credit he deserves. How many other clubs are lucky enough to have a rich benefactor who is also a fan (rather than some short term interest foreigner).
Correct, I think TB said it was 100 years, but I could be wrong. Certainly a figure in that region though.
Lord Bracknell
On fire
Why do you keep banging on about me not giving credit to Tony Bloom? I'm perfectly happy that he is funding the stadium and I can't see anything "graceless" about saying that he and his family were working with Dick Knight to put money into the Club long before the stadium contract was signed. I like the Blooms. I have met lots of them. I've been to Falmer with Tony. I've thanked him personally. Is that enough? What is it that I am "not accepting"?
You know the bloke who puts the boot into this country at every opportunity but doesn't like being accused of being unpatriotic?
That's you with Tony Bloom. You damn Bloom with faint praise ad nausium and can't bring yourself to state that without Bloom, we'd have no stadium, even as Giraffe asks you to do so directly. I'm sorry, but much as most of us admired and loved Dick Knight for most of his time at the club, we were led a merry dance when it came to stadium funding, and after the banking collapse happened we'd have been in desperate trouble without Bloom's cash.
You're seen as part of the Dick Knight inner circle by many so personally I think this attitude of yours simply hardens attitudes against the likes of Dick Knight for people who never liked him in the first place and it doesn't do anyone any favours.
Rusthall Seagull
New member
When you went to Falmer with 'Tony', didn't you ask him about his mysterious business empire ?
Hunting 784561
New member
- Jul 8, 2003
- 3,651
I don't mean to sound unkind, seriously. Ed is a top bloke (I genuinely mean that), and has worked much harder than most of us for the benefit of this club. I just feel that this damning of faint praise is not a nice trait.
Ed's initial post on this thread is fairly typical IMO, and was to query the risk involved in Bloom's "murky" business dealings in response to someone suggesting that it was the most risk-free method of building a stadium.
Considering we had been listening to Martin Perry's fairly stroppy responses for years to anyone asking how the stadium would be financed, I think this kind of thing is fairly mean spirited.
severnside gull
Well-known member
"dont mean to sound unkind...."
Aah. That's it then
Aah. That's it then
Eh? I genuinely don't, I'm just expressing the view that having a pop at Bloom is mean spirited.
ROSM
Well-known member
This is an interesting line because Martin Perry is also being quoted on this thread as having said that without Tony Bloom there would be no stadium.
There were many loan notes being issues by the football club in the years leading up to the change of chairman - and these are the loans that Tony Bloom has given. As I understand it there was a plan a) which was the seek borrowing from banks and a plan b) which was any shortfall to be met the the recipient of the loan notes.
When plan a) proved in the current financial climate to be too expensive (I had heard that two banks were willing to fund but at inflated rates) then plan b) came in. I also believe this doesn't preclude Bloom from looking to go back to plan a) should the climate improve.
So whilst Perry may have been stroppy when commenting (and perhaps not telling the full picture) I also think he's not telling the full picture now when he says without Bloom there would be no stadium. It may be more accurate to say that without bloom there would have been a less affordable stadium.
And I too am very grateful for Tony Bloom's investment. But in the same way I don't believe DK was the messiah, I also dont believe that TB is such a naughty boy. They both have their good and bad points
- Aug 8, 2005
- 27,709
