Brighton and Hove Albion Holdings Limited. The difference here is that the Albion did not sell the stadium to themselves to book a profit that even Linford Christie would describe as 'impressively large'.
It's perhaps of little surprise that the playoff final for the Championship last season was between Derby County (whose owner sold the stadium to himself for £80m) and Aston Villa (whose owners sold the stadium to themselves for £57 million) generating profits of £40m and £30m respectively and...
A few months ago (before Bury were expelled from the EFL) I set up the Shaun Harvey Appreciation Thread (#SHAT for short) on Twitter to allow fans to show their appreciation of his contribution to the game...and it proved to be quite a popular thread.
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The point I was making (perhaps clumsily) is that if the look at the Albion's balance sheet there are no property assets in it. These are owned by another company.
Again it’s nothing illegal or breaking any rules, but Steve Gibson at Boro uses the losses made by the Football club he owns to reduce the tax payable by his other businesses via something called group relief...which I thought was something that took place in some of my private DVD collection...
There’s three issues here
1: Why did the EFL change the rules in 2016 allowing clubs to include the profit on selling stadia for FFP when previously it had been prohibited?
2: Why did the EFL accept the Derby stadium valuation of £80m when others were valued at much lower figures (Sheffield...
Brighton and Hove Albion Football Club Limited don’t own their stadium...but I don’t think there’s anything to worry about.
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