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How are these transfers being funded? Cash or finance?
- Thread starter piersa
- Start date
Thunder Bolt
Silly old bat
Selling players, season ticket sales, sponsorship for the stadium, lounges, shirts and Blooms poker winnings.
Marshy
Well-known member
the sale of bennett covers any spending so far
BensGrandad
New member
Does it really matter to us supporters and arent most transfers paid via a payment plan, rather than cash. I dont know just quessing as most clubs do not have that sort of cash to pay out lump sums.
- Thread starter
- #5
But Bennet has not been sold yet James! I guess, from my point of view, i just don't want the club to get in debt.
DT Withdean
New member
- Mar 5, 2011
- 1,089
Cash. For example, the 2,600 1901 members paid a £1,000 up front net of vat each = £2.6m, and our season ticket dd's are now 3 months paid.
Alex Alex Dawson oo! oo!
Primary data is fact
The club is in debt, and has been for years, to Tony Bloom.
SurreySeagulls
Well-known member
Ocean Finance
BensGrandad
New member
I would expect it to be a deposit and scheduled payments over a period of time but well within the capabilities of the club to pay it. The shareholders of the club are responsible for any debts so will obviously keep them to a minimum if they have the cash to service the payments unlike Portsmouth, Palace and others who didnt keep within their limits. I do not think TB would allow us to get into that scenario.
Ernest
Stupid IDIOT
Dick Tight has FINALLY coughed up the £2million he PROMISED for team strenghtening
Horsham by the Sea
New member
I read on here our revenue had gone from £5m to £24m next year.. 18k season tickets and the extra revenue has paid for these signing and Id be suprised if there is not another £2m spent this summer (likely £1.5 back for Benno) is £2m net spend... the key as any football manager whose played on a pc is wage budget. Im guessing we will have 2 loan signings from Spuds or Chelski maybe a Gooner.. 1 or 2 out of contract players or last year knock down fees and a BIG signing to come .. exciting times
Billy the Fish
Technocrat
These days there's hardly any football transfer that gets paid up front straight away, most are in some kind of installments - even the big clubs do it like this.
If anyone remembers the Noone transfer our bid was preferred because we paid up front and Plymouth needed to pay the tax man.
If anyone remembers the Noone transfer our bid was preferred because we paid up front and Plymouth needed to pay the tax man.
SirElliotBennett
New member
Murray was probably one of our higher paid players so Hoskins wage will be covered by that
Horsham Gull
H Block Offender
the cup final money
Garage_Doors
Originally the Swankers
how much are we expecting to get for Bennett ?
Mr Burns
New member
wonga.com
drew
Drew
Is this a serious question? Bloom has bankrolled a stadium to the tune of at least £70m plus is looking at a further £17m on a training ground and you are worried about a £1m transfer fee!!!!
Lord Bracknell
On fire
The difference between Tony Bloom bankrolling the Club (whether it's by paying Buckingham to build the stadium, buying a player, or paying the electricity bill) and bank borrowing to do the same things is that the banks charge real money for their finance and Tony Bloom merely defers the moment when he wants to trouser some cash from his investment. That day will no doubt come, but it's not going to make much difference NOW whether it's in a year's time, ten years, twenty years, or never.
Tom Bombadil
Well-known member
Of couse it matters. One of the criticisms aimed at clubs that have gone into admin (eg Portsmouth) is that the supporters didn't question how big transfers and high wages were funded.
And given our history of overspending in the 80's and the twenty years of hardship that followed it's entirely reasonable to ask questions about the clubs finances.