Albion's £8m pa loss [Wake up call tomorrow for the minority of moaners.]

[brighton rock]

Simple fact is many clubs have gone bust with in years of opening a new stadium ;
One thing you can guarantee the cost of you watching your football will rise to help cut these losses

 

[beorhthelm]

The club's boast in tv articles c. Sept 11 that one way or another they give employment to almost a 1,000, is unsustainable .... the wages bill is simply to great.

they didnt mean direct employment, shirley? that 1000 would be including the piglet pantry, the programme printers, laundrette, coffee machine repair man, Andy Naylor etc etc. where on earth would they employ 1000 with in the club?

 

[mitch]

ok i will take that advice on board from a supporter of such a well run club what 2 admins in the last 10 years.while we rebuilt ourselves from the ground.

 

[Caveman]

Simple fact is many clubs have gone bust with in years of opening a new stadium ;
One thing you can guarantee the cost of you watching your football will rise to help cut these losses

I'd be more concerned about your club, poor attendances with higher wage bills with no real investment in the infrastructure, but please correct me if I have missed something when I last checked?

As the above has also rightly stated, you don't really have that much to offer in advise of running a football club thank you.

 

[DanielT]

Simple fact is many clubs have gone bust with in years of opening a new stadium ;

Let's all get behind a 'new stadium for palace'

the Groupon Community Stadium!

 

[brighton rock]

I'd be more concerned about your club, poor attendances with higher wage bills with no real investment in the infrastructure, but please correct me if I have missed something when I last checked?

The one big advantage palace have they now own there ground with out a penny to pay on it
Brightons stadium is nice but it must be costing a million pounds a month to pay back the debt on it
Plus our gem the academe is producing 3-4 future stars a year , Brightons is still a field in lancing with a joke cost of 25 million to build

 

[PILTDOWN MAN]

The one big advantage palace have they now own there ground with out a penny to pay on it
Brightons stadium is nice but it must be costing a million pounds a month to pay back the debt on it
Plus our gem the academe is producing 3-4 future stars a year , Brightons is still a field in lancing with a joke cost of 25 million to build

Your posting crap and you know it. The loan to fund the stadium came from our chairmans own money. No repayments are due on this interest free loan.

 

[El Presidente]

Nothing to pay back on the stadium BR, it's a present from Uncle Tony.

 

[mitch]

3 to 4 a year? so who this year? and you are saying your clubs business plan is solely a conveyor belt of bringing on players simpily to sell to stay afloat.oh it is nice and worth whatever it costs a month and the training complex will be built and managed financially the same as the ground.your upgrade this year was the directors box some cushions and a bit of paint.

 

[El Presidente]

According to some of our fans who live in fairyland, TB isn't asking for the loan back yet.

Although I agree with you, it should be costing near enough a million pounds a month to pay back and will probably be a minor financial burden to the club for the next decade, in the same way the Emirates has been for Arsenal (except our debt is interest free).

Can you tell me the extent of your financial credentials and qualifications? You appear to be unable to read what Tony Bloom has said in the past and has been quoted extensively ever since.

 

[brighton rock]

Nothing to pay back on the stadium BR, it's a present from Uncle Tony.

I stand corrected I would love an uncle like that

So how the hell can you be losing money?

 

[Caveman]

The one big advantage palace have they now own there ground with out a penny to pay on it
Brightons stadium is nice but it must be costing a million pounds a month to pay back the debt on it
Plus our gem the academe is producing 3-4 future stars a year , Brightons is still a field in lancing with a joke cost of 25 million to build

You may own the ground which without being patronising needs redeveloping, it does not adhere people to come back.

Within these losses we are about to declare there is development of the stadium and the training facilities, which as you have stated have been your one saving grace by producing decent players to balance the books.

Once our academy is opened and we have to attract youngsters, a state of the art facility will give us a further edge on other clubs and with Pompey in free fall, the pool to the west is even greater.

Anyone who thought we would be making millions after all the expenses we had to layout in the move into a new ground are very naive. Asking me again in 3-4 years once all the internally expansions are completed then I would be more concerned, but not now.

 

[CHAPPERS]

I stand corrected I would love an uncle like that

So you just guessed all that bullshit you recently posted then?

 

[El Presidente]

I stand corrected I would love an uncle like that

So how the hell can you be losing money?

Set up costs with the move to Falmer, transport subsidy and profligacy on the non playing budget.

 

[brighton rock]

So you just guessed all that bullshit you recently posted then?

To be fair some say you do pay back the debt on the stadium some say you don't , and that your own fans
I tend to think he will want his money back one day
Interest free will still be around a million a month

 

[gripper stebson]

Andy Naylor ‏@AndyNaylorArgus
Finance director David Jones: "FFP now restricts the level of owner funding to minimal levels." So #bhafc cannot rely on Bloom's generosity.

Andy Naylor ‏@AndyNaylorArgus
Paul Barber on FFP: "For the business side of the club, it is essential we treat our fans as customers." #bhafc

Andy Naylor ‏@AndyNaylorArgus
Tony Bloom re: Financial Fair Play and £8 million loss: "Nobody wants prices to go up, but we have to be realistic." #bhafc

This is clearly all about an upcoming hike in ST prices...

 

[CHAPPERS]

To be fair some say you do pay back the debt on the stadium some say you don't , and that your own fans
I tend to think he will want his money back one day
Interest free will still be around a million a month

Still guessing.

 

[um bongo molongo]

I have taken quotes from Bloom and Barber and put them online HERE

The key quote from Barber is surely "that's unfortunately the reality of life in the championship"? It's been some time since player wages, agent fees, transfer fees etc have been remotely realistic compared to the revenue all but the biggest clubs in the world can generate - hence the need to have a Russian oligarch or middle eastern royalty involved to compete seriously for the premier league. This has been increasingly the case since the Premiership was created - Jack Walker's millions that "bought the league" for Blackburn in the early 90s wouldn't even buy a decent striker now.

Hopefully the new FFP regulations will start to bring things back under control but until the ridiculous wages aren't on offer from any club and start to come back down everywhere, unfortunately we have to pay them to compete. If you assume our first team squad is on average of what, £8-£10k a week? That's £500k a year per player x 25 = £12.5m a year alone. Add goal bonuses, signing on fees, agent fees, a development squad, back room staff - coaches, scouts, fitness staff, nutritionists, analysts etc, plus all the commercial staff, you could easily be looking at a wage bill alone of £25-£30m a year. That's before you start thinking about other running costs - policing, stewards, catering, energy bills, transport costs, and of course construction costs for the training facilities/academy, extra seats etc - and then there's transfer fees on top.

The miracle would be if we weren't making a loss. Essentially one of two things will have to happen - either we go up (20th in the prem next season apparently earns more than winning it would have paid last year...) or we start to bring the costs down in line with the new FFP regulations to live within our means and hope that everyone else plays by the rules as well and we remain competitive...

 

[gripper stebson]

I wonder if the players have any remorse about the amount they earn as it impacts on us normal wage earners? Probably not I guess.

 

[brighton rock]

You may own the ground which without being patronising needs redeveloping, it does not adhere people to come back.

Within these losses we are about to declare there is development of the stadium and the training facilities, which as you have stated have been your one saving grace by producing decent players to balance the books.

Once our academy is opened and we have to attract youngsters, a state of the art facility will give us a further edge on other clubs and with Pompey in free fall, the pool to the west is even greater.

Anyone who thought we would be making millions after all the expenses we had to layout in the move into a new ground are very naive. Asking me again in 3-4 years once all the internally expansions are completed then I would be more concerned, but not now.

Fair post
Palaces main problem is a lot of fans have now moved out London and travel into selhurst match day
The club has had little luck in attracting the local black communities into football which I find strange as many of the player and academe youngster are from the local area