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[Albion] Are we broke?







Lethargic

Well-known member
Oct 11, 2006
3,509
Horsham
Ignore everyone else on this fred they are living in denial we are doomed I tell you, doomed. If you are quick they are selling off the last of the U23s from Tony's boot on the layby by Falmer station.
 


b.w.2.

Well-known member
Jan 8, 2004
5,189
The answer to OP is definitely No


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Tim Over Whelmed

Well-known member
NSC Patron
Jul 24, 2007
10,634
Arundel
Where's [MENTION=16026]Palace[/MENTION]Hunter when you need him?
 


Gazwag

5 millionth post poster
Mar 4, 2004
30,713
Bexhill-on-Sea
Seems to be a bit of a fire sale going on this summer, with the club desperate to get players off the books....

We took a £37m loan out recently and the Amex expansion has been postponed. Bloom’s key businesses was said to be commercial property and sports gambling both of which have been hit very hard by COVID

Everyone knows we lost a whopping £67m last season, are we in a bit of trouble?

So when are you coming back to explain how commercial property and sport gambling income have been hit very hard with some examples and how Mr Bloom is hiding in a bunker somewhere with a tin foil hat on and not using his abilities to spot money making opportunities during the pandemic. It wouldn't surprise me if his wealth outside of football has increased TBH.
 












portlock seagull

Well-known member
Jul 28, 2003
17,749
No, but we’re relatively frugal i.e. we know we can dine at all but the most expensive restaurants but perhaps prefer to go bin-dipping round the back. Let’s face it, this industry is full of waste and overpriced nouveau cuisine. Plenty of mugs have paid millions for a Pot Noodle including us!
 


The Fits

Well-known member
Jun 29, 2020
10,106
We aren't that frugal (or broke) if we can spend £7 million on a kid and send him straight out on loan before he has even got in the country.
 










Jim in the West

Well-known member
NSC Patron
Sep 13, 2003
4,949
Way out West
We're obviously not broke, but - as the club have highlighted several times - we are on a route to financial sustainability (ie, we spend what we earn, and don't rely on TB to fund our losses). Just a cursory look at our accounts for the years 18/19 and 19/20 shows that there was a net cash outflow of £100m over those two years. A period BEFORE the real impact of Covid hit. The Ben White sale was a big boost to that sustainability in the short term, but it's a long haul.
 






doogie004

Well-known member
Oct 12, 2008
6,525
wisborough green
We're obviously not broke, but - as the club have highlighted several times - we are on a route to financial sustainability (ie, we spend what we earn, and don't rely on TB to fund our losses). Just a cursory look at our accounts for the years 18/19 and 19/20 shows that there was a net cash outflow of £100m over those two years. A period BEFORE the real impact of Covid hit. The Ben White sale was a big boost to that sustainability in the short term, but it's a long haul.

Not helped by the chairman spouting off about being top ten . Not this season that’s for sure .


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Perkino

Well-known member
Dec 11, 2009
6,051
Not helped by the chairman spouting off about being top ten . Not this season that’s for sure .


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Unless him spouting off was to send a message to a centre forward that he was being chased by a top 10 side rather than a relegation battler
 






Icy Gull

Back on the rollercoaster
Jul 5, 2003
72,015
Are we broke? No and we don’t need fixing either :smile:
 


Stat Brother

Well-known member
NSC Patron
Jul 11, 2003
73,888
West west west Sussex
Keeping Bissouma would suggest the answer is:-

No.
 


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