Yes, which is the same thing as FREE money. But even if the club can't pay him back, he's unlikely to wind up the club.
HKFC is right. It IS a gift, to all intents and purposes. Without Bloom, we'd have no ground.
Have we mis-read the clubs ambition
- Thread starter poidy
- Start date
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HKFC is right. It IS a gift, to all intents and purposes. Without Bloom, we'd have no ground.
He said at Seagulls over London that he wasn't going to get any of the money back. So he's basically paid for the stadium and doesn't want anything back for it now or in the future. I cant remember the exact wording though, it may have been doesnt expect it, or expect much of it.
I fear some people may moan about him if he doesn't invest loads in players but anyone who puts 80m of their own money into our stadium without wanting anything back is just a complete and utter legend really.
clippedgull
Hotdogs, extra onions
Yes, repayable in 2023.
If we were unable to repay in full by that date, then the outstanding loan would be converted into shares.
We are supremely fortunate to have a chairman like Tony Bloom
seagull_special
Well-known member
and good job too. What BHA have achieved over the last 10yrs is incredible just to survive, I don't think Bloom or Poyet are interested in making marque signings just to big themselves up and risk plunging the club into crisis.
If a player wants to leave, let them, what other job are you expected to stay on in, if you are not happy?
Tyrone Biggums
Well-known member
I agree whole heartedly.
If he put forth a 5 year plan where his investment was to be 100m and that takes in the costs of the stadium then no true fan could take issue with the club having to sell every now and then to stay within this budget(if the above was the case).
It would just show we are being managed by people with a great deal of financial sensibility.
Which makes me feel content we have a bright future.
Barrel of Fun
Abort, retry, fail
He'll be taking rent from the club, presumably.
Icy Gull
Back on the rollercoaster
- Jul 5, 2003
- 72,015
Well as long as we don't get a whopping fine for late payment when he is in control of when the payments are made like Stanley used to do, we''ll be fine.
Why would he be, and how even could he? The stadium is not his to rent out. He has given the club the funds to buy it. The club own it.
Tyrone Biggums
Well-known member
Agreed.
We as fans probably just got a bit ahead of ourselves and expected too much in the first few seasons of his tenure as chairman.
Which means the best is still to come.
Barrel of Fun
Abort, retry, fail
Isn't he the major shareholder in the Stadium Company and the club will rent it from them?
He is also the major shareholder in the club - to all intents and purposes the two entities are one and the same and from meeting him at Seagulls Over London, I can ASSURE you that he will not be charging the club anything to use the ground.
As for the other question of finance, he's said repeatedly that he wants the club to be in the Championship when Falmer opens. He's not stupid, and he knows that that will require a significant (but still sensible) investment in the playing staff.
Alex Alex Dawson oo! oo!
Primary data is fact
The Falmer part of the loans (£93M? in total) from TB is repayable in 2025 I thought? The existing loans from him that have been keeping us going at Withdean were converted into new stock/shares last year, thus giving him a majority shareholding and enabling him to take over the club. Who knows what the situation will be in 15 years time but on the face of it atm it's a loan not a gift.
Tom Hark Preston Park
Will Post For Cash
- Jul 6, 2003
- 72,366
Shame, we could have built a side around Crofts. Where's the continuity? As you say, we don't need to make a fast buck anymore. Disappointing.
BensGrandad
New member
That is my reading of the situation.
Yeah when it was announced the impression I got was a loan with repayments that would start in 2023. However at the SOL meeting he was quite admant that he's not looking to get his money back. His words were along the lines of, I'm paying for the stadium and I dont want the money back.
BensGrandad
New member
Was this not technically a loan but he was going to get shares instead of money in return, in 2025. So he would be correct in what he told SOL, he is not expecting to get the money back.
Spanish Seagulls
Well-known member
Sensible & now with the added value of working with Gus & all the other future prospects we have being a club that is truly on the rise I think we can tempt a fair few players to join the revolution.
I won't panic or fret over Crofts & Calderon leaving as I firmly believe we have a manager who is supported by a Chairman who actually has the clubs future at heart & very much secured, we will continue to grow into an exciting outfit.
Gus WILL lead us out at Falmer & we will either be playing in The Championship when he does so or having just missed out on promotion be ready & able for a promotion winning season in our new home which is no bad thing. The next 2 seasons are going to be the best this club has had in a very long time so we just need to get behind the team & Gus & ensure that players want to be a part of the revolution & other teams hate the thought of playing against us.
Basil Fawlty
Don't Mention The War
Whatever money they've offered, it must of been reasonable for us to accept it. Do I think it is a step back? Then yes it is a massive step back, because losing Crofts is a huge gap to fill!