How much is the Albions debt?

[Turkey]

Any informed guesses? We're always told its controlable but any figures?

 

[brighton rock]

Any informed guesses? We're always told its controlable but any figures?

not as much as the palace were administration was on the cards again if we had not gone up.

 

[El Presidente]

What's the score with Simon Jordan BR, I heard he was thinking of quitting or is it another PR exercise to get some sympathy from the Palace faithful?

 

[brighton rock]

palace lost 9 million pounds in the season ending 2003 this years figures would have been better because of play offs player sales and wage cuts etc this seasons all debts should be writen off with all that premiership money which gives jordan a chance to get out about even again
jordan live in spain and his brother run the club day to day which says to me hes feed up with it

 

[Ernest]

Think of a figure and add several noughts on the end

 

[FG aka Football Genius.]

answer Turkey is not as much as it will be if the pipe dream ever happens!

 

[itszamora]

Turkey, please don't put us in debt on FM2005! but do make David Lee MUCH worse

 

[Brightonfan1983]

Turkey, please don't put us in debt on FM2005! but do make David Lee MUCH worse

Is Turkey involved in that

 

[fatboy]

Leeds debt?

They are still bidding £1m for players.

 

[Yorkie]

Last seasons figures as on the official site

Annual Accounts

 

[fatboy]

To put into slight context, I am in debt of about £10k in student loans etc. That doesn't stop me putting sucessful bids in for new pints of beer.

 

[Granny Goodchild]

Any informed guesses? We're always told its controlable but any figures?

At June 2003, the debt was close to £10m of which £4.4m was owed to the holding company (supported by shareholdings) and £0.7m was owed as director's loans.

This was prior to BZ sale which was £1.5m, less sell on costs of £420k.

In July 2003 the club also received a loan of £460k from "The Football Stadia Improvement Fund" which is convertible to a grant if Falmer is approved, but repayable if not!

So, would guess current "external" debt is about £6m.

 

[Icy Gull]

Re: Re: How much is the Albions debt?

So, would guess current "external" debt is about £6m.

Which is what it was when we were robbed of the Goldstone Directors aside , we were surely in a better situation then than we are now

 

[beorhthelm]

BHA Football Club Balance sheet for 1999 to 2003. Formatting is a bit shite, but the info is all here. the answer is -£8.99million. Dont know how the relationship with BHA Holdings works, but they have another -£4.6m debt, but suspect they might represent the same monies as on this.

---

BALANCE SHEET
year ended 30-Jun 1999 2000 2001 2002 2003

FIXED ASSETS
Land & Buildings £m 1.03 0.80 0.00
Fixtures & Fittings, Plant & Vehicles £m 0.00 0.00 0.08 0.08 0.00
Other Fixed Assets £m 0.00 0.00 0.00 0.00 0.00
Total Tangible Fixed Assets £m 1.05 1.54 1.11 0.89 0.66

Intangible Assets £m 0.00 0.07 0.19 0.10 0.06
Total Fixed Assets £m 1.05 1.61 1.30 0.98 0.72

CURRENT ASSETS
Stocks £m 0.09 0.08 0.07 0.11
Work in Progress £m 0.00 0.00 0.00 0.00
Stocks and WIP £m 0.04 0.09 0.08 0.07 0.11

Trade Debtors £m 0.00
Group Loans £m 0.14 0.14 0.02 0.00
Directors Loans £m 0.00
Other Debtors £m 0.49 1.15 0.59 0.42
Total Debtors £m 0.30 0.63 1.30 0.61 0.42

Cash at Bank £m 0.92 0.02 0.03 0.06 0.04
Other Current Assets £m 0.00 0.00 0.00 0.00 0.00
Total Assets £m 1.25 0.74 1.41 0.75 0.57

CURRENT LIABILITIES
Trade Creditors £m 0.44 0.44 0.61 0.77
Bank Overdraft £m 0.39 0.24 0.27 0.25
Group Loans £m 0.31 0.31 4.40 4.40
Director Loans £m

Hire Purchases £m
Leasing £m
Hire Purchase/Leasing Total £m

Short Loans £m 1.70 1.93 0.40 1.01
Corporation Tax £m
Dividends £m
Accruals/Deferred Income £m 0.16 0.04 0.10 0.09
Social Security/VAT £m 0.18 0.25 0.25 1.00
Other Current Liabilities £m 5.34 1.22 1.85 1.58 1.88
Total Current Liabilities £m 5.34 6.88 8.20 8.06 10.10

LONG TERM LIABILITIES
Group Loans £m 0.00 0.00 0.00 0.00
Director Loans £m 0.00 0.00 0.00 0.00

Hire Purchase £m 0.00 0.00 0.00 0.00
Leasing £m 0.00 0.00 0.00 0.00
Hire Purchase/Leasing Total £m 0.00 0.00 0.00 0.00

Other Long Term Loans £m 0.38 0.28 0.18 0.18
Accruals/Deffered Income £m 0.00 0.00 0.00 0.00
Other Long Term Liabilities £m 0.48 0.00 0.00 0.00 0.00
Total Long Term Liabilities £m 0.48 0.38 0.28 0.18 0.18

Deferred Taxation £m 0.00 0.00 0.00 0.00 0.00
Provisions £m 0.00 0.00 0.00 0.00 0.00
Total Provisions £m 0.00 0.00 0.00 0.00 0.00

Total Net Assets £m -3.52 -4.90 -5.78 -6.51 -8.99

 

[Caveman]

Shit! I didn't realise that.

 

[Turkey]

Quite a lot then.

 

[Turkey]

Turkey, please don't put us in debt on FM2005! but do make David Lee MUCH worse

Paul Watson is much much better. Have no fears.

 

[Uncle Buck]

But all this debt is surely directors loans (certainly as I understood it) as the bank is unlikely to loan us substantional amounts bearing in mind we have limited assets to borrow against.

The Directors loans are as a rule non repayable, they were if you like their way on to the board.

I guess there is some overdraft in there as well.

 

[CHAPPERS]

Turkey you KNOB, make Chris Breach amazing.

 

[Lord Bracknell]

we have limited assets to borrow against.

Once we get permission for a new stadium, this becomes a tangible asset, as do future ticket sales. Everything gets thrown into the new Business Plan, which will include opportunities for risk sharing and income sharing with major finance houses.

FG will, of course, continue to bleat about the stadium creating debts. The rest of us will understand that it will secure our future.