| Interesting (if long) article about Brighton & finances... 14:20 - Dec 8 with 1707 views | Antti_Heinola |
Interesting thoughts on what you must spend for promotion, plus interesting facts and figures. Our wage bill last time we were down here was double anyone else's, incredibly (or not). But also nails the lie about 'plucky' Bournemouth - their wage bill was 175% of their revenue...
http://swissramble.blogspot.ch/2015/12/brighton-and-hove-albion-welcome-to.html
Worth a read, because for those desperate for a sustainable club (or somewhere near sustainable) but with an immediately competitive top 6 side, this kind of shows just how far we need to go... |  |
| |  |
| Interesting (if long) article about Brighton & finances... on 14:24 - Dec 8 with 1696 views | Antti_Heinola |
And while we (rightly) worry abouty our enormous debt - surprisingly Brighton are also £148m in debt! Never would have guess that.
'Brighton’s net debt rose by £14 million from £127 million to £141 million with the £17 million increase in gross debt to £147 million slightly offset by cash also rising by £3 million to £7 million. Debt has been rising over the past few years, but it is almost entirely owed to Bloom and can be regarded as the friendliest of debt, being interest-free and repayable after more than one year.
This means that Brighton have one of the largest debts in the Championship, though it is still not as high as Bolton’s £195 million in 2013/14. The other difference is that Brighton’s borrowings can be considered as “good” debt, having been largely used to fund the new stadium and training ground, as opposed to other clubs, whose debt is more to fund over-spending on players and agents.'
Difference between us and them is that Bloom's big investment has been the ground and training ground. TF's was Sandro, Barton, Bosingwa and SWP. [Post edited 8 Dec 2015 14:26]
| |
| |
| Interesting (if long) article about Brighton & finances... on 14:35 - Dec 8 with 1672 views | simmo |
The Swiss Ramble is so damn good. He must have the patience of a saint to sift through so much information! |  |
| ask Beavis I get nothing Butthead |
| |
| Interesting (if long) article about Brighton & finances... on 15:07 - Dec 8 with 1644 views | Mvpeter |
| Interesting (if long) article about Brighton & finances... on 14:24 - Dec 8 by Antti_Heinola |
And while we (rightly) worry abouty our enormous debt - surprisingly Brighton are also £148m in debt! Never would have guess that.
'Brighton’s net debt rose by £14 million from £127 million to £141 million with the £17 million increase in gross debt to £147 million slightly offset by cash also rising by £3 million to £7 million. Debt has been rising over the past few years, but it is almost entirely owed to Bloom and can be regarded as the friendliest of debt, being interest-free and repayable after more than one year.
This means that Brighton have one of the largest debts in the Championship, though it is still not as high as Bolton’s £195 million in 2013/14. The other difference is that Brighton’s borrowings can be considered as “good” debt, having been largely used to fund the new stadium and training ground, as opposed to other clubs, whose debt is more to fund over-spending on players and agents.'
Difference between us and them is that Bloom's big investment has been the ground and training ground. TF's was Sandro, Barton, Bosingwa and SWP. [Post edited 8 Dec 2015 14:26]
|
'Difference between us and them is that Bloom's big investment has been the ground and training ground. TF's was Sandro, Barton, Bosingwa and SWP.'
Enough to make a grown man cry. |  |
| |
| Interesting (if long) article about Brighton & finances... on 15:38 - Dec 8 with 1591 views | stevec |
Fascinating read.
Badly spent or not, clubs like ours should be a little more appreciative of owners who basically prop us up when outside the Premier. No surprise the desire then to get back there as soon as possible. |  | | |
| Interesting (if long) article about Brighton & finances... on 15:49 - Dec 8 with 1572 views | BazzaInTheLoft |
| Interesting (if long) article about Brighton & finances... on 15:38 - Dec 8 by stevec |
Fascinating read.
Badly spent or not, clubs like ours should be a little more appreciative of owners who basically prop us up when outside the Premier. No surprise the desire then to get back there as soon as possible. |
They should appreciate us paying £2000 a season to cater to their free advertising of AirAsia.
We are the ones who can switch off the gas not them.
Fvck em. [Post edited 8 Dec 2015 16:41]
|  | | |
| Interesting (if long) article about Brighton & finances... on 15:59 - Dec 8 with 1555 views | Antti_Heinola |
| Interesting (if long) article about Brighton & finances... on 15:38 - Dec 8 by stevec |
Fascinating read.
Badly spent or not, clubs like ours should be a little more appreciative of owners who basically prop us up when outside the Premier. No surprise the desire then to get back there as soon as possible. |
Er, not really in our case. They blew the money wildly - the only reason they're 'propping us up' is that they're desperately hoping to claw back some of their ridiculous losses they incurred by being stupidly frivolous with money. | |
| |
| Interesting (if long) article about Brighton & finances... on 16:20 - Dec 8 with 1527 views | stevec |
| Interesting (if long) article about Brighton & finances... on 15:59 - Dec 8 by Antti_Heinola |
Er, not really in our case. They blew the money wildly - the only reason they're 'propping us up' is that they're desperately hoping to claw back some of their ridiculous losses they incurred by being stupidly frivolous with money. |
Antti, they've written off £180 mill after writing off £60 mill from the last accounts!
As for hoping they'll claw some of the money back after losing another fortune getting us back in the Prem, maybe, but they might as well stick another £50 mill on red or black as 50/50 has got to be better odds than us going up this season.
They have certainly made some massive blunders but, bottom line, they keep financing it. | | | |
| Interesting (if long) article about Brighton & finances... on 17:24 - Dec 8 with 1431 views | Antti_Heinola |
| Interesting (if long) article about Brighton & finances... on 16:20 - Dec 8 by stevec |
Antti, they've written off £180 mill after writing off £60 mill from the last accounts!
As for hoping they'll claw some of the money back after losing another fortune getting us back in the Prem, maybe, but they might as well stick another £50 mill on red or black as 50/50 has got to be better odds than us going up this season.
They have certainly made some massive blunders but, bottom line, they keep financing it. |
I don't think that's *quite* what's happened Steve. It doesn't matter how much they've 'written off' (that'll be £0 - they've converted it, which is a lot different), they'll be wanting as much of that back as possible.
Besides I was referring to the new stadium. That's their goal - and the only way they'll get back any of that money, realistically. | |
| |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
