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Question re: Bloom getting his money back
- Thread starter Brighton Breezy
- Start date
I'm not in a mocking mood today 
deletebeepbeepbeep
Well-known member
- May 12, 2009
- 20,966
I don't think anyone of Bloom's obvious intelligence would invest in a football club to make money, he has invested to make sure the Club is in a healthy state in the future. The only problem with the benefactor approach is it works fine as long as (a) Bloom is in good financial state and (b) he continues to love the Club. Blooms has already admitted that he has made a financial commitment bigger then he would have liked to owing to the financial crisis.
The other worry is the size of our debts, there's no chance that Bloom will ever see that money back, Premier League or no. As a professional gambler, however, I'm sure Bloom has weighed these odds up and found that they are long, even for us to make it to the Premier League what with teams coming down with parachute payments . He wouldn't have gone in to this expecting to make his money back.
It is clear that if Bloom wanted to make money there would have been a number of sounder investments to put his (what must be approaching) £150m in.
I do know there are other investment projects that are being looked at which will make money for Bloom/BHAFC linked with the Stadium all of that should come clear in coming months.
The other worry is the size of our debts, there's no chance that Bloom will ever see that money back, Premier League or no. As a professional gambler, however, I'm sure Bloom has weighed these odds up and found that they are long, even for us to make it to the Premier League what with teams coming down with parachute payments . He wouldn't have gone in to this expecting to make his money back.
It is clear that if Bloom wanted to make money there would have been a number of sounder investments to put his (what must be approaching) £150m in.
I do know there are other investment projects that are being looked at which will make money for Bloom/BHAFC linked with the Stadium all of that should come clear in coming months.
Southover Street Seagull
Well-known member
Looks like a good area for solar panels to me too. Other methods of renewable energy that could be used at the stadium and thus save the Albion money are:
Air Source Heat Pumps
Ground Source Heat Pumps
Wind Turbine
Plus there is micro-generation technology too:
Micro CHP
Because the renewable energy available is rubbish, and loss making?
Indeed they are. We are so so lucky that TB is a fan, a fan prepared to bank-roll the club. We'll be forever in his debt.
Thunder Bolt
Silly old bat
Wind turbines are expensive and not cost effective.
symyjym
Banned
This is why Bloom champions the FFP, otherwise he would be sure to lose money and would be forced to sell. He hasn't got a bottomless money pit and losing £8-£20m a year is unsustainable no matter how well he may be.
He will always get his money back for the club and the stadium so it is just controlling the losses with breaking even would be the perfect scenario.
Will be interesting to hear of these other projects you mention, are they outside Falmer?
The Large One
Who's Next?
At present, yes.
The main cost is down to their construction. Once they have been running for a certain number of years, they are predicted to become the cheapest form of electricity production. The figures presented to government suggest that period is eight years.
I also feel that Bloom will be able to get his money back long term should he want to.
Abramovic bought Chelsea, an established Premier League club, for £17 million.
Do you think that anyone would give TB £150 million for the Albion?
“The idea that these [football] clubs are going to be yielding assets, as in paying a dividend every year, is not the way they work. But from a capital growth point of view they can make sense,” says Deloitte’s Mr. Jones. “To an extent, they are a rare asset, just like a fine art painting, classic car or a collection of fine wines. Their scarcity and desirability gives them intrinsic value for interested purchasers.”
Liverpool University’s Dr. Miller concurs. “As long as a football club keeps performing on the pitch at the same level as when you bought it, then it will hold value and likely increase its value. It’s a long-term asset that you hope will appreciate.”
Buying a Championship club and going for promotion to the Premier League can also be a strategy for making money out of owning a football club, says Warwick University’s Prof. Grant. “But that club will need a good catchment area that has a fan base that can be expanded, a modern stadium and a team with potential,” he adds.
As I have said; I really do think the idea that Bloom has written off 100m/cannot get his money back is way too simplistic.
BBC states the deal cost him £140 million.
What I think is largely irrelevant. I did not think anyone would want to buy Championship team Hull for £40m, Andy Carroll for £50m, Crystal Palace (less all capital including ground) for £9m, Adam Virgo for £1.5m etc etc but someone did. I'll say no....and most likely be proved wrong like I often am in football. I really am not a good judge of such things.
Tony Bloom didn't put £150 million into the Albion to make money, he did it because he is a local lad and loves the club. If you or I had that type of resource I expect we would do the same. The reward TB gets is not financial, it is the pleasure of seeing the Albion do well on the pitch, and the KUDOS of knowing that he does done an amazing feat for the fans and the area.
Every time I see the Amex it still makes my jaw drop, can't say that with some of the soulless boxes that many teams play in. Just a shame that the atmosphere is a bit 'meh' most of the time, but that is due to an ageing spectator base and all seater stadia, like most other clubs at a similar level.
Fair comment, I think Bates walked away with £17 million and the rest is the debts that the cub had at the date of the takeover.
I agree with all of this. But as stated I also do not see a strong case that he has simply written the money off. It will be there in the long term if he wants it back.
I'm not convinced there is someone with £150m in their back pocket (and this is increasing by about £5m a year for the forseesable future) who wants to buy the Albion. It could be that if we are promoted and establish ourselves then someone could come in, as the PL TV deals are attractive, but it would be cheaper for any person wanting to make a quick buck to buy a different club.