Brighton , an unsustainable future ?

[thereichstuff]

Rumour has it that mr bloom is very upset with the financial figures from the first season at the Amex . Any weed care to comment on this ?

[wehatepalace]

Originally Posted by thereichstuff

Rumour has it that mr bloom is very upset with the financial figures from the first season at the Amex . Any weed care to comment on this ?

Whilst it is well established we were losing money every week at Withdean, I am guessing this thread is based on a thread you've read NSC today, in which an Albion fan is speculating that he thinks the costs at the Amex are higher than thought and thus the reason the Managing Director and CEO were replaced. And this in turn could affect the budget.

This is nothing more than a fans hunch and it is speculation. The annual report for this season is not due until next year. Though, Poyet was given more money than his original budget at the beggining of last season and during the season to strengthen, as ST sales and revenues had far exceeded expectations.

We are no clearer today about how well or not the club is doing as we were last week or last month. Nobody knows how much Bloom is worth, what the figures are or what he thinks.except the man in charge himself, The club has consistently said how projections were much higher than planned for.

It is however unsuprising a palace fan, well used to clinging onto things by his fingernails. Jumped straight onto this idle speculation in the hope it may be true

[thereichstuff]

No smoke without fire . This is an interesting development and so soon after your magnificent first season at the Amex . I would be a bit concerned especially now the training ground has hit a delay ( planning?)

[ebyeeckeagle]

[quote=wehatepalace]....We are no clearer today about how well or not the club is doing as we were last week or last month. Nobody knows how much Bloom is worth, what the figures are or what he thinks.except the man in charge himself, The club has consistently said how projections were much higher than planned for.
[quote]

And yet Brighton fans don't see concerned. Perhaps we are a bit more wary these days having been burnt in the past from such benevolent owners.

[ThreeWords]

Originally Posted by wehatepalace

Whilst it is well established we were losing money every week...

bha demise imminent

[Chris K]

So you can't spend £6m+ on transfers, additional fee's for premiership loans etc etc and turn a profit in the Championship? WTF?

Just a word of warning though, we had a fee people on here in the relevant professions telling us years ago that Palace were in trouble, long before there was anything in the public eye. We dismissed those claims back then too...

[Heb 7:4]

Originally Posted by wehatepalace

Trust in Tone

[Heb 7:4]

Originally Posted by ebyeeckeagle

And yet Brighton fans don't see concerned. Perhaps we are a bit more wary these days having been burnt in the past from such benevolent owners.

That's the thing I don't get. Brighton fans parrot "nobody knows how much Bloom is worth" as if that's a good thing, as if the only possibility is that he has far more than anyone suspects. I find it utterly bizarre that Brighton fans haven't considered the alternative might be true. At the very least, they should want to know one way or the other.

Never want us to be in that position again.

[eagle101]

[Windsor_Eagle]

Originally Posted by wehatepalace

Whilst it is well established we were losing money every week at Withdean, I am guessing this thread is based on a thread you've read NSC today, in which an Albion fan is speculating that he thinks the costs at the Amex are higher than thought and thus the reason the Managing Director and CEO were replaced. And this in turn could affect the budget.

This is nothing more than a fans hunch and it is speculation. The annual report for this season is not due until next year. Though, Poyet was given more money than his original budget at the beggining of last season and during the season to strengthen, as ST sales and revenues had far exceeded expectations.

We are no clearer today about how well or not the club is doing as we were last week or last month. Nobody knows how much Bloom is worth, what the figures are or what he thinks.except the man in charge himself, The club has consistently said how projections were much higher than planned for.

It is however unsuprising a palace fan, well used to clinging onto things by his fingernails. Jumped straight onto this idle speculation in the hope it may be true

Looking at the thread on NSC - whilst the fan in question openly admits that linking what he's been told to Gus' playing budget is a hunch, he seems pretty adamant that what he has been told about the club losing A LOT of money is true. In fact a few other posters (instead of decrying this information) to their credit have also come out to back up this claim.

Nothing is certain as there are no official lines on any of this - but it does seem likely that after Bloom has spent his way through the best part of £100m quid in trying to push BHA up to the next level is still seeing himself lose money. You can't make a club self-sustaining by throwing millions and millions at it.

I certainly will not revel in any financial uncertainity at BHA (and this is far from that currently) but I think these sorts of reports should serve as a stark reminder to all of you weeds on here who go on about us living beyond our means - that is exactly the path that you've followed so far.

If this is true, then it certainly explains why Bloom hasn't yet capitalised the AMEX debt to himself to bring you guys in line with new FFP regulations.

Interesting viewing from this point onwards for you guys I feel.

[thereichstuff]

Some good points well made Windsor. Maybe all the arrogance, spouted by a few on here , regarding your wealth should heed this . Remember bloom is a bussinessman not a sugar daddy !

[Fur cough]

If there is any truth at all in that then we are pretty screwed long term. The stadium sold out every game, no more ticket revenue could have been generated, the average spend of each fan inside the ground was over £4 per game as opposed to 80p on average for other grounds, I've seen more Albion kits in every town around here than ever before so generating more revenue is almost impossible.

But I suspect that it's not, or at least I hope it's not.

I am aware that the transport costs were much higher than expected, mainly due to fans being counted on the trains and the vast majority never buying the travel vouchers, this however is now included in the ST as £30 levy.

[old git]

Originally Posted by ThreeWords

bha demise imminent

Lets hope so

L

[wehatepalace]

Originally Posted by ebyeeckeagle

And yet Brighton fans don't see concerned. Perhaps we are a bit more wary these days having been burnt in the past from such benevolent owners.

If there is genuine factual reason to be concerned, of course I would be concerned. I have no idea what the rest of the BBS is like but on NSC there are a fair few doomsday merchants who can be negative and a few attention seekers who write all sorts of stuff, claiming to be ITK for who knows why.

Needless to say, I am not bothered at this juncture as it is nothing more than 1 fan believing, for whatever reason the new corporate management team could be due to costs being much higher and so on and so on..........

What is a fact is that revenues were much higher than expected.... as for running costs?

Nothing in the Argus about it, first thing anyones heard about it is 1 anonymous NSC user saying he thinks he knows the answer to 2+2.

Bloom was happy and smiling at the fatboy gig. Gus has said he's very happy with his budget, ST sales are again better than expected, and planned/paid for capacity increase is going ahead.... as is the academy once planning resolved.

If you want to build a mountain on the idle speculation of one fan who admits he has nothing more than a hunch, go ahead.....as I'm sure you will.

If a palace fan wrote something similar on the BBS about palace based on his hunch, you'd all dismiss it. As its Brighton you will probably all latch onto it to make a mountain out of nothing factual whatsoever.

[Windsor_Eagle]

Slightly off topic - one of the weeds on NSC looked at the Swiss Ramblers report on BHA and discovered this!

As you take an interest in the accounts then this excellent blog might interest you:

The Swiss Ramble: Brighton and Hove Albion


It only goes up to 2009, but does demonstrate that the last season at Withdean was atypical from an expenditure point of view (presumably a lot of costs were stadium related), but typical in that we made a big loss. It also goes to show the huge sum that TB pumped into the club to allow us to stay afloat all those years: £17m!

So its not just Palace who've 'held themselves in a false league position all these years' is it?

As VHA said, if BHA had also been paying their way, they'd be league 2 at best.

[old git]

Originally Posted by wehatepalace

Nothing in the Argus about it, first thing anyones heard about it is 1 anonymous NSC user saying he thinks he knows the answer to 2+2.

El preidente is not some anonymous bloke though is he?Highly regarded I thought.

[wehatepalace]

Originally Posted by Heb 7:4

That's the thing I don't get. Brighton fans parrot "nobody knows how much Bloom is worth" as if that's a good thing, as if the only possibility is that he has far more than anyone suspects. I find it utterly bizarre that Brighton fans haven't considered the alternative might be true. At the very least, they should want to know one way or the other.

Never want us to be in that position again.

you are trying to make fire without smoke mate.... of course we care, of course there are unanswered things about Blooms true worth, and yes 100 million is a very scary amount of money.

but with no published accounts yet, no sign in the media of anything untoward, and every statement by the club and manager saying things are going better than expected financially.... which is the risk, how are we to know?

if and when something conclusive comes out that suggests our club is in anyway in direct threat for whatever reason, I'd be the first to get involved and demand answers and resolutions But in my opinion nothing is different today than it was 3 weeks ago. except 1 fan who has expressed a hunch without absolutely nothing to back it up.......

if anyone Heb 7:4 who is genuinely ITK or the media suggests brighton have financial issues, i will do more than just listen.

[Fur cough]

Originally Posted by old git

El preidente is not some anonymous bloke though is he?Highly regarded I thought.

He is highly regarded OG, as an excellent wind up merchant. Although I cannot for the life of me work out why he would use this a wind up.

Let's just wait and see when the accounts are published, if they make for grim reading I will start to panic then and not before.

[thereichstuff]

[quote=wehatepalace ).......

if anyone Heb 7:4 who is genuinely ITK or the media suggests brighton have financial issues, i will do more than just listen.[/QUOTE]
Shake a bucket ?

[eagles #1]

Originally Posted by wehatepalace

If there is genuine factual reason to be concerned, of course I would be concerned. I have no idea what the rest of the BBS is like but on NSC there are a fair few doomsday merchants who can be negative and a few attention seekers who write all sorts of stuff, claiming to be ITK for who knows why.

Needless to say, I am not bothered at this juncture as it is nothing more than 1 fan believing, for whatever reason the new corporate management team could be due to costs being much higher and so on and so on..........

What is a fact is that revenues were much higher than expected.... as for running costs?

Nothing in the Argus about it, first thing anyones heard about it is 1 anonymous NSC user saying he thinks he knows the answer to 2+2.

Bloom was happy and smiling at the fatboy gig. Gus has said he's very happy with his budget, ST sales are again better than expected, and planned/paid for capacity increase is going ahead.... as is the academy once planning resolved.

If you want to build a mountain on the idle speculation of one fan who admits he has nothing more than a hunch, go ahead.....as I'm sure you will.

If a palace fan wrote something similar on the BBS about palace based on his hunch, you'd all dismiss it. As its Brighton you will probably all latch onto it to make a mountain out of nothing factual whatsoever.

We did - Then we went into administration.

You're f*cked