Just thought I'd post this even though I'm sure it's been posted before.
Some what ironic how Brighton's financial plight is compared to Bournemouth's (who at the time appear to be worse off) and are now starting their first season in the top flight.
I wasn't around at the time of the Bellotti/ Archer stuff.
After reading some of the posts about the Albion getting into debt,paying some of it's players unrealistic high wages and living beyond it's means, on the Albion/ Palace late 70s early 80s thread. I thought I'd watch this video with an open mind.
What I can't understand is when Bellotti states that the club's debts can be cleared by selling the Goldstone, and building a new stadium on a piece of land less than a mile from the Goldstone.
Surely buying the land (less than a mile from the Goldstone), and building a new stadium, would put the club further into debt, than just staying at the Goldstone.
https://www.youtube.com/watch?v=0mG-o6-S7uE
Some what ironic how Brighton's financial plight is compared to Bournemouth's (who at the time appear to be worse off) and are now starting their first season in the top flight.
I wasn't around at the time of the Bellotti/ Archer stuff.
After reading some of the posts about the Albion getting into debt,paying some of it's players unrealistic high wages and living beyond it's means, on the Albion/ Palace late 70s early 80s thread. I thought I'd watch this video with an open mind.
What I can't understand is when Bellotti states that the club's debts can be cleared by selling the Goldstone, and building a new stadium on a piece of land less than a mile from the Goldstone.
Surely buying the land (less than a mile from the Goldstone), and building a new stadium, would put the club further into debt, than just staying at the Goldstone.
https://www.youtube.com/watch?v=0mG-o6-S7uE