[Football] Albion have second highest level of debt in British football

[spongy]

Sports promotions and conference business

I thought he ran used car dealerships

 

[El Presidente]

All of this is going over my head.
So we have the second biggest debt which is £200 million owed to one person.
How are Spurs paying for their ground though. £800 million cash in the bank, I doubt it. So that must be a debt.

Figures based on the most recent set of accounts, which for Spurs was June 2017. Since then they have borrowed substantial amounts.

 

[Wozza]

wow didn't think we would be second!

Yet barber still not happy about parting with a junior shirt to my daughter.

Drop in the ocean.

 

[Uter]

So I still don't get it. There's no way that owing £200 million is the second biggest debt.

The £400m loan was only announced in May 2017. The most recent Spurs results are the 2016/17 accounts so the loan was only agreed towards the end of that period. They had only drawn on £152m of the £400m at that point. The next accounts will show a big increase in their debts and they will be in second place.

 

[Uter]

Worth pointing out that many PL clubs also have substantial cash balances, £1.6bn in total, according to this: https://www.mirror.co.uk/sport/football/news/premier-league-boast-16bn-cash-12077017.

 

[Harry Wilson's tackle]

The goonsquad are going to LOVE this. They've never quite been able to get their heads around an interest-free "debt" to Tony Bloom being completely different to a debt to, say, Agilo. Or the fact that the majority of the debt has been through huge investment in infrastructure to get us away from a council athletics track and a ploughed field for a training ground - as opposed to pouring hundreds of millions of pounds into players and agents pockets over the last 6 years and having absolutely nothing whatsoever to show for it.

I'm ok with that.

This. Whoever called you a brain dead mug sheep all those years ago should be ashamed of themselves. And it wasn't me.

 

[Weststander]

ManC and Chelsea have capitalised vast sums in owners petro dollars loans, far far greater than TB’s loans, into share capital.

An on paper exercise, but in hard cash terms it was all still a cash injection by way of a loan from the owner.

 

[Harry Wilson's tackle]

F**k ‘em.

And this.

Their bitching is as meaningful as Trump spouting 'fake news'. I remember Cheaterfraud nobbers going on about the 'fact' they had really won the league despite the points difference between them and us being bigger than their points deduction. Twats.

 

[theboybilly]

So after Tone coughed up all that, you are moaning that he didn't buy a shirt for your daughter

Still. MB's daughter must be working by now

 

[Weststander]

He has clearly 'invested' more than £207m to date... do we know how much he has written off / converted to shares (which he already owns nearly all anyway, doesn't he)?

All on the public register. £90m on top of the loans, in former loans converted to share capital by the Bloom’s.

 

[jackanada]

Some clubs have been in administration TWICE too.

Though don't Portsmouth hold the outright record with 3 [three]?

 

[zefarelly]

All three? At Bernard Mathews kinky feathered friend party den!

What does Marcus Evans do Monday-Friday to enable him to lend The Tractor Boys that amount of cash?

Lap dancing? Brass houses? White powder?

 

[zefarelly]

In excess of £50m year on year from corporate bullshitting? Really?

Sports promotions and conference business

 

[NooBHA]

I read that they have £400m in bank loans on the stadium, repayable within 5 years!

Stadium costs are up to what, £850m now?

They would have got mega bucks for the sale of ''prime retail site'' where their old ground was. Whats being built there - Anyone know ?

 

[El Presidente]

In excess of £50m year on year from corporate bullshitting? Really?

Where there's much there's money.

 

[Garage_Doors]

They would have got mega bucks for the sale of ''prime retail site'' where their old ground was. Whats being built there - Anyone know ?

The new ground is on the same site as the old White Lane, they haven't moved.

 

[NooBHA]

The new ground is on the same site as the old White Lane, they haven't moved.

I thought it was on a different site very close to it

 

[Bozza]

I thought it was on a different site very close to it

They started building, essentially, around the old WHL before demolishing it to make space for the rest of new WHL.

A fair few pics here > https://www.constructionnews.co.uk/...800m-new-stadium-takes-shape/10018097.article

 

[Stat Brother]

Figures based on the most recent set of accounts, which for Spurs was June 2017. Since then they have borrowed substantial amounts.

With that in mind would it be fair to say the Albion are likely to slide down this table.
I'd like to think, even if Mr Bloom chooses to not write himself a big cheque, at least he doesn't actually have to keep writing them to everybody else?

 

[Weststander]

They would have got mega bucks for the sale of ''prime retail site'' where their old ground was. Whats being built there - Anyone know ?

It’s on the very same site,

But they own land close by, on which they trying to get planning permission for 300 flats.