[Albion] Are we broke?

L

lovelyboy

Active member

Nov 17, 2005

221

• Jul 12, 2021

• #1

Seems to be a bit of a fire sale going on this summer, with the club desperate to get players off the books....

We took a £37m loan out recently and the Amex expansion has been postponed. Bloom’s key businesses was said to be commercial property and sports gambling both of which have been hit very hard by COVID

Everyone knows we lost a whopping £67m last season, are we in a bit of trouble?

 

The Fits

Well-known member

Jun 29, 2020

9,602

• Jul 12, 2021

• #2

We have a huge squad. Especially if the likes of Ostigard, Khedra etc are going to be involved this season.

 

F

Farehamseagull

Solly March Fan Club

Nov 22, 2007

13,994

Sarisbury Green, Southampton

• Jul 12, 2021

• #3

No. We just had a huge squad with lots of players who weren't ever going to be first team regulars for us - it needed trimming.

Outgoings were always going to be as, if not more, important to us this summer than in-comings.

 

Couldn't Be Hyypia

We've come a long long way together

NSC Patron

Nov 12, 2006

15,919

Near Dorchester, Dorset

• Jul 12, 2021

• #4

Calling @Dr No

 

*Gullsworth*

My Hair is like his hair

Jan 20, 2006

9,351

West...West.......WEST SUSSEX

• Jul 12, 2021

• #5

Nope just trying to balance the books by selling players we don't need and those who want to move on to further their careers. No drama.

 

N

Napper

Well-known member

Jul 9, 2003

23,884

Sussex

• Jul 12, 2021

• #6

no

big squad and big earners who offer nothing off the wage list

 

Stat Brother

Well-known member

NSC Patron

Jul 11, 2003

73,754

West west west Sussex

• Jul 12, 2021

• #7

I wasn't aware we had a joint account.


I'm not broke - surprisingly.
The club aren't broke - unsurprisingly.

So that just leaves you, are you broke?

 

J

Jim D

Well-known member

Jul 23, 2003

5,249

Worthing

• Jul 12, 2021

• #8

lovelyboy said:

Seems to be a bit of a fire sale going on this summer, with the club desperate to get players off the books....

We took a £37m loan out recently and the Amex expansion has been postponed. Bloom’s key businesses was said to be commercial property and sports gambling both of which have been hit very hard by COVID

Everyone knows we lost a whopping £67m last season, are we in a bit of trouble?

Click to expand...

Let's just hope that all the other clubs are thinking like you. We may get quoted a decent price for players we're after - and derisory offers for ours that Bloom will have no problems in rejecting.

 

Cotton Socks

Skint Supporter

Feb 20, 2017

1,732

• Jul 12, 2021

• #9

lovelyboy said:

Seems to be a bit of a fire sale going on this summer, with the club desperate to get players off the books....

We took a £37m loan out recently and the Amex expansion has been postponed. Bloom’s key businesses was said to be commercial property and sports gambling both of which have been hit very hard by COVID

Everyone knows we lost a whopping £67m last season, are we in a bit of trouble?

Click to expand...

Why would we want to pay wages for players that aren't playing? The Amex has been expanded (sort of) there's at least a thousand extra seats. Every business has been hit by Covid, why would that make us 'broke'?

 

vagabond

Well-known member

May 17, 2019

9,804

Brighton

• Jul 12, 2021

• #10

No, we have a bloated squad with a lot of high earners who barely play.

This is just standard prudent business and football practice. An audit has been taken out and decisions have been made.

 

Badger Boy

Mr Badger

Jan 28, 2016

3,655

• Jul 12, 2021

• #11

In reality, if the club had real financial concerns we'd just flog our best assets for a combined £200m or so and promote a number of the u23s into the first team to cover it for a season and hope they're able to compete alongside the experienced core of the squad. In summary, I don't think we've got anything to worry about financially.

 

A

albionalex

Well-known member

Feb 26, 2009

4,524

Toronto

• Jul 12, 2021

• #12

lovelyboy said:

Seems to be a bit of a fire sale going on this summer, with the club desperate to get players off the books....

We took a £37m loan out recently and the Amex expansion has been postponed. Bloom’s key businesses was said to be commercial property and sports gambling both of which have been hit very hard by COVID

Everyone knows we lost a whopping £67m last season, are we in a bit of trouble?

Click to expand...

Who have we sold that was a first team regular last season?

 

F

Frankworthington

Well-known member

Jul 17, 2019

1,471

South Shields

• Jul 12, 2021

• #13

We are trying to raise £50 million to buy a superstar striker and stave off certain relegation and appease a certain supporter

True

 

Not Andy Naylor

Well-known member

Dec 12, 2007

8,798

Seven Dials

• Jul 12, 2021

• #14

Too big a squad is not something any club wants. Players who are not playing can be bad for morale - their own and others' - unless they are extremely patient and professional, as Uwe Hunemeier was. They block pathways for younger players. They set a bad example - potential signings might look at Tau, Ally Mac, Alzate and think "Is that what will happen to me if I sign there?" They give managers selection headaches, despite cliched protestations that 'It's a nice problem to have.' And of course they cost money in wages, squad bonuses etc. Look at the back of the Man City programme - they listed six players fewer than we did.

 

A1X

Well-known member

NSC Patron

Sep 1, 2017

17,869

Deepest, darkest Sussex

• Jul 12, 2021

• #15

I wouldn't call what we're doing a "fire sale", we're getting rid of big-earning players who almost certainly don't have much of a future with us. If we were in big trouble we wouldn't be haggling over Ben White.

 

T

Terry Butcher Tribute Act

Well-known member

Aug 18, 2013

3,178

• Jul 12, 2021

• #16

Freeing up money for new arrivals hopefully.

No reason to believe Bloom is Skint

Sent from my SM-G960F using Tapatalk

 

N

Neville's Breakfast

Well-known member

May 1, 2016

13,423

Oxton, Birkenhead

• Jul 12, 2021

• #17

lovelyboy said:

Seems to be a bit of a fire sale going on this summer, with the club desperate to get players off the books....

We took a £37m loan out recently and the Amex expansion has been postponed. Bloom’s key businesses was said to be commercial property and sports gambling both of which have been hit very hard by COVID

Everyone knows we lost a whopping £67m last season, are we in a bit of trouble?

Click to expand...

Do you have any actual evidence for any of this ? Just seems a curious take on events.

 

Justice

Dangerous Idiot

Jun 21, 2012

18,712

Born In Shoreham

• Jul 12, 2021

• #18

Billionaires take out loans all the time normal businesses practices.

 

PILTDOWN MAN

Well-known member

NSC Patron

Sep 15, 2004

18,708

Hurst Green

• Jul 12, 2021

• #19

lovelyboy said:

Seems to be a bit of a fire sale going on this summer, with the club desperate to get players off the books....

We took a £37m loan out recently and the Amex expansion has been postponed. Bloom’s key businesses was said to be commercial property and sports gambling both of which have been hit very hard by COVID

Everyone knows we lost a whopping £67m last season, are we in a bit of trouble?

Click to expand...

We lost £67 m on the balance sheet for tax purposes. Suggest you and many others need to understand how profit and loss accounts work. Yes we took a loan so Tony didn’t have use his own money as the loan was free in interest, so why wouldn’t you?

 

Scappa

Well-known member

Jul 5, 2017

1,377

• Jul 12, 2021

• #20

We've bought Mwepu, had agreed terms for Gonzalez and are seemingly chasing this young ex-Barcelona lad. Unless Tony popped down to the cash machine this morning and found out he's overdrawn, I reckon this is little more than a standard trimming of the squad, shipping out the dead wood.