Palace expecting crowd of 18-19,000...so thats 8,000 empty seats

[Max Paper]

You Really think your club is running on a Break Even Basis after uncle Tony Spunks Millions on an Overrated League 1 Striker? Also threatening to get his cheque Book out again this month? Our Club is looking much healthier in the long term Finance wise, weather you currently in debt (or not, Which i seriously doubt).

Is this a joke?

 

[Joey Deacon's Disco Suit]

So one second uncle Tony doesn't expect to see a penny back,the next you say repayments start in 19 years ?
Is it a loan or a gift ?

No. It's an unsecured convertible debt that doesn't become repayable for another 19 years and even then Tony Bloom has said that he doesn't expect to see a penny of his money back. He fully expects to convert it all into equity shares.

 

[Joey Deacon's Disco Suit]

You Really think your club is running on a Break Even Basis after uncle Tony Spunks Millions on an Overrated League 1 Striker? Also threatening to get his cheque Book out again this month? Our Club is looking much healthier in the long term Finance wise, weather you currently in debt (or not, Which i seriously doubt).

I've explained the situation to you. If you don't understand then that's your hard luck. You might want to get one of these other Palace trolls who at least seem to have a bit of nous to review your next post before you hit 'reply'. You're letting them all down with your spectacular ignorance.

 

[Joey Deacon's Disco Suit]

Are you some sort of Police Informer?

Umm...no. I'm just guessing at how long it will take for the Palace Plod to reply.

 

[making plans for nigel]

No. It's an unsecured convertible debt that doesn't become repayable for another 19 years and even then Tony Bloom has said that he doesn't expect to see a penny of his money back. He fully expects to convert it all into equity shares.

Any businessman who doesn't want a return on a loan, shouldn't be in business.

 

[Joey Deacon's Disco Suit]

Any businessman who doesn't want a return on a loan, shouldn't be in business.

This clearly isn't a business decision though, is it. He's a lifelong fan, all his family are fans, his uncle's a director, his grandad, Harry was vice-chairman in the 70s. The Blooms are part of the Albion furniture. Fortunately for us, Tony Bloom is a very, very good businessman.

 

[seagullsovergrimsby]

Nah....................90 mill was just for the Amex phase ONE.
On top of that is 20 mill to underwrite trading losses at Withdean, and a further 40 mill for the Amex phase TWO and new training ground.

Uncle T has in fact SPUNKED £150 million on the Albion

Is the £90M an inaccurate figure (c£93M before East Stand 1901 and corporate/restaurant upgrades) ? Uncle Tony decided to improve the spec to make it super top notch before completion which added another few mill , one figure suggests the total is nearer £105M

 

[making plans for nigel]

This clearly isn't a business decision though, is it. He's a lifelong fan, all his family are fans, his uncle's a director, his grandad, Harry was vice-chairman in the 70s. The Blooms are part of the Albion furniture. Fortunately for us, Tony Bloom is a very, very good businessman.

I dont doubt it for one minute Joey, im sure he's a huge Brighton fan,but it doesn't add up to me.

 

[Joey Deacon's Disco Suit]

I dont doubt it for one minute Joey, im sure he's a huge Brighton fan,but it doesn't add up to me.

Why not, if you don't mind me asking?

 

[seagullsovergrimsby]

Any businessman who doesn't want a return on a loan, shouldn't be in business.

TB is also a world class poker player and he knows he is in a win-win situation , either he gets a good return on his "investment" or the loan is converted into shares which will be handed down to his children.

 

[Albion Dan]

No. It's an unsecured convertible debt that doesn't become repayable for another 19 years and even then Tony Bloom has said that he doesn't expect to see a penny of his money back. He fully expects to convert it all into equity shares.

Im pretty sure its repayable over the next 19 years, interest free, and anything outstanding at that point converts into shares. Considering how much money we are making now because of the stadium (about 13m a season in ticket revenue alone), I think we'll repay that easy to be honest, especially if we can spend a few seasons in the top flight.

 

[Grassman]

You Really think your club is running on a Break Even Basis after uncle Tony Spunks Millions on an Overrated League 1 Striker? Also threatening to get his cheque Book out again this month? Our Club is looking much healthier in the long term Finance wise, weather you currently in debt (or not, Which i seriously doubt).

Listen, I know You prove Day after day (there's 430+ Posts to Prove it) that you're a Fick F*ck, but what Is it With you and your totally random Capital Letters? I have You Down as a Fourteen year old Kid, am I Right? If so, Ain't it about Time You went out to Find a Girlfriend? I'm sure girls Your Own age love all This random Capital sh*t. (along with X Factor, Subway and Rioting). Personally I find You and IT utterly mind numbingly Boring.

 

[philsussex]

Listen, I know You prove Day after day (there's 430+ Posts to Prove it) that you're a Fick F*ck, but what Is it With you and your totally random Capital Letters? I have You Down as a Fourteen year old Kid, am I Right? If so, Ain't it about Time You went out to Find a Girlfriend? I'm sure girls Your Own age love all This random Capital sh*t. Personally I find You and IT utterly mind numbingly Boring.

I find it intriguing. Can't see any pattern to it, it really does seem completely random. Utterly bizarre.

 

[making plans for nigel]

Why not, if you don't mind me asking?

From an outside perspective, if a businessman was prepared to loan a football club upwards of £120 mill, fan or not, and he was prepared not to receive a penny in return, you would think it was a bit suspect. If this happened at any other club, im sure you would question it as well.

 

[TS90]

There were loads of tickets left at the Brighton end of things when I asked in the ticket office on Wednesday. Might be a different case now.

 

[Djmiles]

There were loads of tickets left at the Brighton end of things when I asked in the ticket office on Wednesday. Might be a different case now.

You still need to have been a STH at Withdean (250), a STH at Amex (1000), been to all 4 cup games (40), and done another 3 away games (60) to buy tickets even now, so not surprised there were a fair few left.

 

[CPFC1234]

Listen, I know You prove Day after day (there's 430+ Posts to Prove it) that you're a Fick F*ck, but what Is it With you and your totally random Capital Letters? I have You Down as a Fourteen year old Kid, am I Right? If so, Ain't it about Time You went out to Find a Girlfriend? I'm sure girls Your Own age love all This random Capital sh*t. (along with X Factor, Subway and Rioting). Personally I find You and IT utterly mind numbingly Boring.

This is clearly a wind up, as long as you can read my posts, Why should you care? And you have me own as a 14 year old? Thats Good to know. I have You down as a kid who clearly always seems a little stressed.

 

[CPFC1234]

Is this a joke?

No Sir it isnt.

 

[philsussex]

No Sir it isnt.

You, sir, are an oddball.

 

[El Presidente]

Im pretty sure its repayable over the next 19 years, interest free, and anything outstanding at that point converts into shares. Considering how much money we are making now because of the stadium (about 13m a season in ticket revenue alone), I think we'll repay that easy to be honest, especially if we can spend a few seasons in the top flight.

I think it is repayable IN 19 years, rather than over years. Strictly it is a balloon rather than repayment loan.

However the debt is convertible so unless the club has a huge pot of cash the loan is effectively written off.