Seagulls The new Saints?

[marshallmercury]

I have concerns about the moneymen. Its natural after our experiences to have these. Infact a healthy does of inspection and asking awkward questions will keep the Albion safe in the years to come.

First thing.........Bloom is no Archer.

Secondly, the model of Saints and our business case is so different. Bloom has paid of £18m worth of debts and converted those loans to shares. Those shares are nowhere near worth £18m. So the Albion are actually debt free. Secondly, Bloom is paying for the stadium. Yes they are loans, but unsecured and importantly interest free.

Remember Greg Stanle loaning the club money. Its was the interest and debt penalties that he added that broke the club.

It will be in Blooms interset to ensure that Albion are run properly. He knows that the club might not be able to pay bacl all of the money. Infact I think he has already written it off and will convert it to shares. He might get it back one day if someother rich sod buys them shares. Whatever, its not the same as the club getting a bank loan and then having difficulty paying it back. Thats when Administration and clubs failing happens.

Southampton are a cse in mind. Borrowed money from banks etc. Business case and repayments based on Premierleague income. Well that income has dried up together with drop in support and I bet the failiure of not paying repayments, penatly clauses and compound interest has what really broke Saints. Even getting rid of most of the first team and their wages has not helped much.

So two totally different models.

i second this top post


The thing is that if we reach the premiership say within the next ten years then Bloom will be able to recoup alot of the money that he has put into the club. But if we dont get there by 2023, because Bloom is a fan he wont suddenly demand that we pay back everything he's owed, i expect he will settle for smaller amounts of repayments that the club can afford. Plus he might not even want it all back unlike a bank.

 

[Twinkle Toes]

Who knows what the future holds

Looks like you've answered your own question.

 

[pork pie]

I Always thaught we live in a country where one can ask questions without being put up against the wall and shot. I can't see anything offensive in the question and might suggest that owing to the fact that Southampton supporters felt that their future was secured with the new stadium and a wealthy chairman at the helm, that we might be in counting our chickens (we keep them in Rural East Sussex you know) before they hatch. I posted the question to get the views of other NSC users. As I have indicated before I am more than pleased that Bloom has put his money where his mouth is and like your good self look forward to the building of a football club that can take us into the championship and may be even further. Who knows what the future holds

Ok, lets drop it then. I'm just pissed-off that there are so many people on here who do nothing but question everything about Tony Bloom and his motives. We should all be celebrating the fact that we have a real chance of being a sucessfull club again, instead of thinking winning the playoffs out of what is the old Third Division, is fantastic, and knowing that we will be made to look stupid when we play in the Championship, because nobody will invest in the team.

I hope that we can be a real force in this Division next year. We have a good Manager, with a playing budget that is intended to enable us to get into the Championship - let us all get behind the Club, and make it as Champions!

 

[bristolseagull]

Lowe is a pauper next to Bloom. Also Lowe was not a Saints fan.

What we have is a fan with loads of dosh. It doesn't get any better. And yet still people moan....

i know mate, its f***ing ridiculous, I am 30, have been watching us for over 20 years, if I had a wank load of money like TB i would have done exactly the same- I would also be properly f***ed off with people moaning about it and questioning my motives for doing so.

Lets just be get behind him....

 

[Giraffe]

i know mate, its f***ing ridiculous, I am 30, have been watching us for over 20 years, if I had a wank load of money like TB i would have done exactly the same- I would also be properly f***ed off with people moaning about it and questioning my motives for doing so.

Lets just be get behind him....

I think a large part of it is that some people on here thought Dick Knight could do know wrong even when he blatantly could in the last 18 months! The man was a good chairman and some don't seem able to let him go. I am sure though once we are top of league one Bloom will get the credit he deserves.

 

[pork pie]

i know mate, its f***ing ridiculous, I am 30, have been watching us for over 20 years, if I had a wank load of money like TB i would have done exactly the same- I would also be properly f***ed off with people moaning about it and questioning my motives for doing so.

Lets just be get behind him....

Exactly! Some people are so out of order! Happy days are hear again....

 

[The Uninvited Guest]

Ok, lets drop it then. I'm just pissed-off that there are so many people on here who do nothing but question everything about Tony Bloom and his motives. We should all be celebrating the fact that we have a real chance of being a sucessfull club again, instead of thinking winning the playoffs out of what is the old Third Division, is fantastic, and knowing that we will be made to look stupid when we play in the Championship, because nobody will invest in the team.

I hope that we can be a real force in this Division next year. We have a good Manager, with a playing budget that is intended to enable us to get into the Championship - let us all get behind the Club, and make it as Champions!

Agreed. I think that all Albion fans are elated with what is happening at the club but a solid foundation on the playing front has to be built which could take longer than we all want. Better players will now consider The Albion as a club that has the potential to go places. I've followed the club for 38 years and have witnessed the joys of promotion and the despair of relegation but have never once thought of giving up on the club that I love. We all owe a great deal of thanks to Dick Knight, the club might well not be in existance today without his and the rest of the clubs directors hard work and dedication. I think we all new that someone else would take Dick Knight's seat as chairman but at least that person is a life long Albion fan who's family have been involved with the club for years.
I for one will be buying a season ticket for next season and beyond.

 

[pork pie]

Agreed. I think that all Albion fans are elated with what is happening at the club but a solid foundation on the playing front has to be built which could take longer than we all want. Better players will now consider The Albion as a club that has the potential to go places. I've followed the club for 38 years and have witnessed the joys of promotion and the despair of relegation but have never once thought of giving up on the club that I love. We all owe a great deal of thanks to Dick Knight, the club might well not be in existance today without his and the rest of the clubs directors hard work and dedication. I think we all new that someone else would take Dick Knight's seat as chairman but at least that person is a life long Albion fan who's family have been involved with the club for years.
I for one will be buying a season ticket for next season and beyond.

You must have started watching the Albion the same year as me. The year we went up from the old Third Division behind Villa - and came straight back down with a bump the next year?

I think that we have a good chance of success next season. Our late season run was promotion form - we just need to carry it into next season.

The season before our back to back championships we had a good late run - but it was too late - and just kept it going for two years.

We now need to do the same.

Oh i'm so excited!

 

[Hiney]

Our situation is completely different from Southampton.

Rupert Lowe isn't even a fan of football, let alone Southampton. He isn't wealthy, at least not in the '£90,000,000 - will a cheque be OK?' kind of way. Their ground was bought from Soulless Bowls PLC and thrown up on a brownfield site in a shit location.

Southampton's business model was wholly dependent on them staying in the Premiership. Against Manchester United etc you can justify charging £150 per head in Hospitality. It became a bit more difficult to persuade people to part with that sort of money for 'glamour' ties against Championship sides. Matchday income started to tail off and once the parachute payments stopped they were in deep shit, which they are still wallowing in at the moment.

The latest rumour going round the delusional Saints fans is that Tevez's owner and Graeme Souness are heading up a consortium to swoop - they better get a move on else they will be docked more points.

Shame