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Updates on Championship finances for 2015/6
[tweet]851376629117063168[/tweet]
Updates on Championship finances for 2015/6
[tweet]851376629117063168[/tweet]
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- Thread starter Titanic
- Start date
- Thread starter
- #2
MattBackHome
Well-known member
- Jul 7, 2003
- 11,719
Nigh on impossible to turn a profit unless you either have parachute payments or do a Blackpool and restrict all investment in squad wages (from memory they were in the black the year they went down?). Shame because it's such a phenomenal league to be in, in terms of excitement and 'stories'.
Uter
Well-known member
So collectively over £1.1 billion in debt. What happened to Bolton's debt? I thought they owed well over £100m.
I think it was [MENTION=31]El Presidente[/MENTION] who said that Bolton are refusing to submit accounts, due to the cluster**** in their boardroom.
The Andy Naylor Fan Club
Well-known member
Now, I could make myself out to be a complete and utter plonker here but how can the gross debt to the Albion be £171m ?
I thought Mr Bloom had personally financed the stadium and training ground and as such the Albion pay an annual rent on theses facilities and as such that there is no direct financial burden to BHAFC.
Awaits the flaming...
I thought Mr Bloom had personally financed the stadium and training ground and as such the Albion pay an annual rent on theses facilities and as such that there is no direct financial burden to BHAFC.
Awaits the flaming...
- Thread starter
- #8
Now, I could make myself out to be a complete and utter plonker here but how can the gross debt to the Albion be £171m ?
I thought Mr Bloom had personally financed the stadium and training ground and as such the Albion pay an annual rent on theses facilities and as such that there is no direct financial burden to BHAFC.
Awaits the flaming...
I think Tony uses interest free, unsecured loans to finance the club, and periodically converts some of it into shares (effectively writing it off as he owns the vast majority already).
Green Cross Code Man
Wunt be druv
My brother in law works for them and has told me that twice recently, the bailiffs have been in seizing stuff.
But the stadium and training ground are owned by a separate company and the football club rent them. All depends whether you look at the holding company or singularly the football club.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,287
yes, a very tax efficient way of doing things.
The Swiss Ramble is the Doctor Evil of football fnance compared to my Mini-Me, but we have put together the same data from the various club accounts, his looks more visually engaging than mine!
There are 'issues' at Bolton involving Dean Holdsworth, and some rather expensive loans.
Now, I could make myself out to be a complete and utter plonker here but how can the gross debt to the Albion be £171m ?
I thought Mr Bloom had personally financed the stadium and training ground and as such the Albion pay an annual rent on theses facilities and as such that there is no direct financial burden to BHAFC.
Awaits the flaming...
Tony Bloom had loaned the club £171 million at 30 June 2016, but converted £8 million of this into shares in July 2016.
I suspect he has also lent the club a substantial sum during the year, as I am predicting, should we be promoted, losses exceeding £35-40 million for the year to 30 June 2017.
TB's total investment is the loan of £171 million, plus 93% of the share capital, giving a further £81 million, which adds up to £252 million.
Moshe Gariani
Well-known member
- Mar 10, 2005
- 12,070
So TB's spend on the Albion will be c.£300m by the end of this season....?
That's quite a lot of money.
It might be to you, Moshe, but it's peanuts to the likes of Ben's Granddad and some of the PLAYERS on NSC.
- Thread starter
- #17
like that Steve Foster chap?
