[Albion] Are we broke?

[lovelyboy]

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?

 

[The Fits]

We have a huge squad. Especially if the likes of Ostigard, Khedra etc are going to be involved this season.

 

[Sarisbury Seagull]

No. We just had a huge squad with lots of players who weren't ever going to be first team regulars for us - it needed trimming.

Outgoings were always going to be as, if not more, important to us this summer than in-comings.

 

[Couldn't Be Hyypia]

Calling @Dr No

 

[*Gullsworth*]

Nope just trying to balance the books by selling players we don't need and those who want to move on to further their careers. No drama.

 

[Napper]

no

big squad and big earners who offer nothing off the wage list

 

[Stat Brother]

I wasn't aware we had a joint account.


I'm not broke - surprisingly.
The club aren't broke - unsurprisingly.

So that just leaves you, are you broke?

 

[Jim D]

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?

Let's just hope that all the other clubs are thinking like you. We may get quoted a decent price for players we're after - and derisory offers for ours that Bloom will have no problems in rejecting.

 

[Cotton Socks]

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?

Why would we want to pay wages for players that aren't playing? The Amex has been expanded (sort of) there's at least a thousand extra seats. Every business has been hit by Covid, why would that make us 'broke'?

 

[vagabond]

No, we have a bloated squad with a lot of high earners who barely play.

This is just standard prudent business and football practice. An audit has been taken out and decisions have been made.

 

[Badger Boy]

In reality, if the club had real financial concerns we'd just flog our best assets for a combined £200m or so and promote a number of the u23s into the first team to cover it for a season and hope they're able to compete alongside the experienced core of the squad. In summary, I don't think we've got anything to worry about financially.

 

[albionalex]

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?

Who have we sold that was a first team regular last season?

 

[Frankworthington]

We are trying to raise £50 million to buy a superstar striker and stave off certain relegation and appease a certain supporter

True

 

[Not Andy Naylor]

Too big a squad is not something any club wants. Players who are not playing can be bad for morale - their own and others' - unless they are extremely patient and professional, as Uwe Hunemeier was. They block pathways for younger players. They set a bad example - potential signings might look at Tau, Ally Mac, Alzate and think "Is that what will happen to me if I sign there?" They give managers selection headaches, despite cliched protestations that 'It's a nice problem to have.' And of course they cost money in wages, squad bonuses etc. Look at the back of the Man City programme - they listed six players fewer than we did.

 

[A1X]

I wouldn't call what we're doing a "fire sale", we're getting rid of big-earning players who almost certainly don't have much of a future with us. If we were in big trouble we wouldn't be haggling over Ben White.

 

[Terry Butcher Tribute Act]

Freeing up money for new arrivals hopefully.

No reason to believe Bloom is Skint

Sent from my SM-G960F using Tapatalk

 

[Neville's Breakfast]

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?

Do you have any actual evidence for any of this ? Just seems a curious take on events.

 

[Justice]

Billionaires take out loans all the time normal businesses practices.

 

[PILTDOWN MAN]

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?

We lost £67 m on the balance sheet for tax purposes. Suggest you and many others need to understand how profit and loss accounts work. Yes we took a loan so Tony didn’t have use his own money as the loan was free in interest, so why wouldn’t you?

 

[Scappa]

We've bought Mwepu, had agreed terms for Gonzalez and are seemingly chasing this young ex-Barcelona lad. Unless Tony popped down to the cash machine this morning and found out he's overdrawn, I reckon this is little more than a standard trimming of the squad, shipping out the dead wood.