Perry: Tony Bloom has saved Falmer stadium project

[Brovion]

Tony Bloom was there, so the money was there.
Perhaps a few years ago he wasn't envisaging bankrolling the project to this extent, as an aspect of the funding would presumably have come via a commerical mortgage that (now) would have been much more difficult, if not impossible, to acquire. But with Blooms financial clout on the board, it seems clear now that he would NOT let the project fall through because of lack of funding.

The operative term though is 'saved the project'. Not 'we've resorted to Plan B'.

Also what's to say Tony Bloom wasn't about to lose all his money in the banking crash? He might have thought it was all safe as he'd invested half with the Wall St whizz-kid Mr Madoff and the other half with that nice Stanford Allen.

Basically we've got out of jail and I'm bloody grateful.

 

[Dick Knights Mumm]

but it does prove the sceptics were right - the money wasn't there.

I don't give a toss either way. But there were sceptics when the business plan was in front of the Inquiry. There is healthy scepticism and there are also people who used it as a stick to beat the club with their own agendas.

 

[Easy 10]

The operative term though is 'saved the project'. Not 'we've resorted to Plan B'.

Also what's to say Tony Bloom wasn't about to lose all his money in the banking crash? He might have thought it was all safe as he'd invested half with the Wall St whizz-kid Mr Madoff and the other half with that nice Stanford Allen.

Basically we've got out of jail and I'm bloody grateful.

Well, the credit crunch has given us all the willies, and naturally that raised further questions on how we were going to pay for this thing. Theres an infinate number of "what ifs", but as a great man once said, "if my granny had balls she'd be my grandad". Blooms money was there in the first place, its not been wiped out by the global economic crisis, and its FULL STEAM AHEAD.

 

[Man of Harveys]

The operative term though is 'saved the project'. Not 'we've resorted to Plan B'.

Well, that's not what, erm, Tony Bloom's saying:

"He said: “We did try. It was always the intention that I was going to put in a significant sum but we were unlucky with timing.

“The credit crisis hit as we were going to the banks. Although we spoke to about 15 banks and a few were interested, it is probably the worst time ever for them to be lending, even to profit-making businesses. To lend to a League One football club would have been very low on the list.

“We just got unlucky, so I’ve had to make a bigger commitment than I would ever have envisaged."

Exclusive interview with Albion's new chairman From The Argus)

 

[Giraffe]

Well, that's not what, erm, Tony Bloom's saying:

"He said: “We did try. It was always the intention that I was going to put in a significant sum but we were unlucky with timing.

“The credit crisis hit as we were going to the banks. Although we spoke to about 15 banks and a few were interested, it is probably the worst time ever for them to be lending, even to profit-making businesses. To lend to a League One football club would have been very low on the list.

“We just got unlucky, so I’ve had to make a bigger commitment than I would ever have envisaged."

Exclusive interview with Albion's new chairman From The Argus)

Exactly. You can't blame the club for the credit crisis. Hardly any company can raise finance at the moment, even for profitable projects, so they had no chance of getting investment into a football stadium. But were right to say that finance was coming.

Just thanks god that Tony Bloom has a lot of loot, or we'd be looking at a long delay.

 

[Napper]

I guess we will never know , the work on falmer would of stopped at some point though as we would of simply ran out of money. Can't really blame MP etc for not telling us this....could you imagine the reaction from everywhere.

Difficult situation but I can understand his lies were for the greater good

 

[Lokki 7]

Without Tony Bloom we'd be in a big steaming pile of poo so first and foremost I'm very happy that the stadium and team building funds are secure, not many lower league clubs can say that.
Secondly, I think it highlights the failings of the previous regime and the need for change at the top. I like the fact that TB does his talking with actions and not on a microphone on the pitch. He doesn't court publicity and that was one thing Knight always did, quite often badly. Announcing the Falmer completion date as 2010, only to have to back track soon after. Announcing that funding was in place, why even say anything? He just dug a hole for himself because he wanted to be positive regardless of the actual situation. The Jim Gannon announcements were in the same vein and quite unbelievably foolish.
I also feel somewhat vindicated by this as i was labelled "negative" and a "doom sayer" over questioning the funding. Those same people are now expressing the same sentiments re TB. It takes all sorts I suppose.

 

[Giraffe]

I also feel somewhat vindicated by this as i was labelled "negative" and a "doom sayer" over questioning the funding. Those same people are now expressing the same sentiments re TB. It takes all sorts I suppose.

I am with you!

 

[Easy 10]

Difficult situation but I can understand his lies were for the greater good

What lies ?
As Bloom has said himself, he was ALWAYS going to be funding a significant part of this project (probably the majority) - as its turned out, he's now bankrolling the whole thing. He was ALWAYS there as a "failsafe", he's not just rolled up in the last couple of weeks has he. I'm sure his level of investment would have been discussed by the board as contingency if funding from the banks wasn't forthcoming, hence MP and DK could say with confidence that "the money is there".

 

[Bwian]

Where is TLO today must be upset that this has actually happened

I think people like you will be the ones who are upset-I mean, you all need a new scapegoat now.

 

[Bwian]

Now all the lickers are claiming this was the plan for funding all the time

So Tony Bloom's statement that it was always part of the plan for him to invest 'a significant amount' means nothing to a negative fuckwit like you then?

 

[The Large One]

I think people like you will be the ones who are upset-I mean, you all need a new scapegoat now.

Weird, innit? I've not met the fella, but he seems to think he knows my mind.

If he's got that much talent, I can only hope Tony Bloom will appoint him to the Board immediately.

 

[Napper]

Without Tony Bloom we'd be in a big steaming pile of poo so first and foremost I'm very happy that the stadium and team building funds are secure, not many lower league clubs can say that.
Secondly, I think it highlights the failings of the previous regime and the need for change at the top. I like the fact that TB does his talking with actions and not on a microphone on the pitch. He doesn't court publicity and that was one thing Knight always did, quite often badly. Announcing the Falmer completion date as 2010, only to have to back track soon after. Announcing that funding was in place, why even say anything? He just dug a hole for himself because he wanted to be positive regardless of the actual situation. The Jim Gannon announcements were in the same vein and quite unbelievably foolish.
I also feel somewhat vindicated by this as i was labelled "negative" and a "doom sayer" over questioning the funding. Those same people are now expressing the same sentiments re TB. It takes all sorts I suppose.

Don't feel vindicated, this board has been the same for years. Reminds me of recent years everyone adamant we have no money when even the club are saying we have money for players. Certain things this board are very single minded about which is amazing considering the lengths some go to defend anything non pc

Just smile about it all, NSC isnt 100% reflective of Albions support

 

[Arthur]

I also feel somewhat vindicated by this as i was labelled "negative" and a "doom sayer" over questioning the funding. Those same people are now expressing the same sentiments re TB. It takes all sorts I suppose.

Meh. Just cements my opinions on who's posts are worth listening too and who's aren't.

It's funny those people you speak of had complete blind faith in Knight and Perry but for a reason I can only attribute to the fact the bloke likes a punt won't transfer that blind faith over to TB despite the fact he's pretty much been bankrolling the club for the last few years.

Obviously they won't listen to someone who say.....knows the bloke/family so I wouldn't even attempt to bang that drum.

 

[Dick Knights Mumm]

I also feel somewhat vindicated by this as i was labelled "negative" and a "doom sayer" over questioning the funding. Those same people are now expressing the same sentiments re TB. It takes all sorts I suppose.

But Lokki - it looks like Bloom was always going to put money in. But he has just had to put in more. So whilst within your rights to question the funding - the basis of the funding (i.e. bank then directors) has not changed.

You know more about this than me - but the financial funding does not appear to have changed. It has just been clarified - and we do actually have a director with deep enough pockets to make the future look a lot more settled.

 

[Easy 10]

I am COMPLETELY at ease with TB controllnig the club.
You don't hand over a £93m interest-free loan with the intention of eventually f***ing the club over. And the Blooms have been around for generations - we're just incredibly fortunate that one of them has now turned out to be a multi-multi millionaire who wants to invest in the club.

 

[Easy 10]

Now, people like you have been proven RIGHT. We didn't have the money. Not even close.

Eh ?
Did Tony Bloom just walk through the door yesterday and give us all this money then ? I thought he'd been on the board for years.

 

[Rusthall Seagull]

Tony Bloom was there, so the money was there.
Perhaps a few years ago he wasn't envisaging bankrolling the project to this extent, as an aspect of the funding would presumably have come via a commerical mortgage that (now) would have been much more difficult, if not impossible, to acquire. But with Blooms financial clout on the board, it seems clear now that he would NOT let the project fall through because of lack of funding.

At last -some sense...Hallelujah!