Rumour Bloom preparing to sell club

[macky]

So why doesn't JP just buy an established EPL club like Villa or West Ham

Because He likes to build things you wouldn't go out and buy a lego kit already built would you ??

 

[Stat Brother]

The Packer family did (until relatively recently) have a (massive) home in Sussex.

I was going to link the Packers and Sussex through Tony Greig.
I guess living here would be a slightly stronger connection.

 

[Wellesley]

The Packer family did (until relatively recently) have a (massive) home in Sussex.

I (never) knew (that).

 

[Norman Baker suck my lozenge]

The Packer family did (until relatively recently) have a (massive) home in Sussex.

This is correct.

 

[hans kraay fan club]

I (never) knew (that).

Huge estate, near Rogate / Stedham. I think they call it Fining Hill. He (Kerry Packer) built a world class polo centre there, lived there for about 10 years, then got bored and sold it all to Abramovich. I think they sold up in about 2008. Something like that anyway.

 

[8ace]

The Packer family did (until relatively recently) have a (massive) home in Sussex.

Fair enough - tenuous though.

 

[Thunder Bolt]

The Packer family did (until relatively recently) have a (massive) home in Sussex.

David Gold also live(s)d in Sussex. There were strong rumours that he was going to buy Brighton, at one point.

 

[8ace]

Because He likes to build things you wouldn't go out and buy a lego kit already built would you ??

There's not much left to build off the pitch. On the pitch you could throw millions and millions at it and still not get promoted.
If we do go up there is a limit to how far we can go.

 

[Billy the Fish]

So over 100 posts now and not one of any substance!

This rumour seens to be a bit of a cabbie/pub bore staple. Cabbie/pub bore hears or reads on NSC that Bloom might be selling, they repeat it for the next moth to anyone that's remotely interested in football and is unlucky enough to be stuck next to said cabbie/pub bore. This process repeats ad infinitum, but becomes ever so slightly more believable on each cycle because there's no smoke without fire is there?

 

[maltaseagull]

Does this mean we will be playing in yellow and green stripes?

 

[Vegas Seagull]

David Gold also live(s)d in Sussex. There were strong rumours that he was going to buy Brighton, at one point.

And Robbie Raggio and Dave Day and they may have been true but this one is False, he'll never sell

 

[Seagull over Canaryland]

Was in two minds whether to respond to this thread, given there is little substance to stand up the rumours on NSC, but I can't see Tony Bloom relinquishing overall control of the Albion.

We all hope that Tony will continue to dig deeper into his pockets - however it could make sense to involve another major investor, both on and off the pitch.

Blooms friends / advisers were recently elevated from non-executive Director to full Director status, partly to strengthen the Albion's corporate governance (for a variety of good business and accounting reasons). This may just be the natural evolution process at the Club but would conveniently ensure Tony has overwhelming support in the Boardroom, which would be useful should another investor come on board.

Just before the season started I did hear from a well respected sports journalist from a national broadsheet that he understood a significant board room reshuffle was underway at a South coast club - he was very discrete as to which Club. At that time I presumed he was talking about the turmoil at one of our neighbours, but now I'm not so sure!

 

[Ecosse Exile]

Wouldn't be surprised if there is something in this, going by the lack of investment in the playing squad.

Lack of investment in the playing squad doesn't really strengthen his hand if he wants to sell up, in fact it weakens it.

However when Bloom stepped in to save the Amex project, he did say that he wanted the club to be self sufficient, I believe the money he has invested in the club is to be repaid by 2023? Or he will turn any remaining debt into shares, is that correct?

I don't think Bloom or anyone else for that matter imagined the Amex would be losing staggering amounts of money, the way it has over the first 3 complete seasons, and I don't imagine when Bloom made that statement he imagined turning ALL £93 million into shares whilst handing out a further 5-10 million pounds every year to create a competitive team and bankrole a stadium which is failing to support itself.

It won't be every year that the football club will have £15m pounds worth of players that it can sell, so who can blame Bloom if he has thought he could claw back some of the debt this season.

Let's say, purely hypothetically, that he has reclaimed £10m of this seasons player sales, that still leaves £83 million of the original stadium costs outstanding and only 9 years left to get it, or turn it into shares.

I could be totally wide of the mark but if I was in Blooms shoes, I would want as little of that original debt being turned into shares as possible. So this may have more to do with the lack of squad strengthening than any sale of the club.

I am also sure that if anyone like James Packer wanted to step in and help out, this would indeed be welcomed.

Some of you may be thinking that getting to the Premier League will wipe the slate clean on its own, maybe it will, but how much more money does Bloom want to lose trying to get there, and with the introduction of ffp, getting there is no longer about chucking money at it, I hope ffp dies a horrible death, because if not, the only clubs that can probably look at promotion from the championship are those that have the added benefit of parachute payments.

 

[Lincoln Imp]

Well it's rounded but if you take building the Amex, training facility and sum of all the annual losses it isn't far off.

What would your number be?

My reference to crazy was about any assumption that TB has invested a fifth of a billion pounds out of his own pocket in our football club.

 

[symyjym]

So over 100 posts now and not one of any substance!

This rumour seens to be a bit of a cabbie/pub bore staple. Cabbie/pub bore hears or reads on NSC that Bloom might be selling, they repeat it for the next moth to anyone that's remotely interested in football and is unlucky enough to be stuck next to said cabbie/pub bore. This process repeats ad infinitum, but becomes ever so slightly more believable on each cycle because there's no smoke without fire is there?

We could talk about the next player who isn't going to come here

 

[Rugrat]

My reference to crazy was about any assumption that TB has invested a fifth of a billion pounds out of his own pocket in our football club.

Fair enough, poor choice of words by me maybe. It may well not be all of his but the point still holds good I believe

 

[Wally Goulds right toe]

To kerry Packer's son 3rd richest man in OS. Good friends with Bloom

Recently convicted for brawling in the street with a former 'friend' with who he had fallen out. Board meetings could be interesting.

 

[Gully Forever]

Hey symyjym, Could i get your avatar please to send to my mate, I've tried searching the web, but
every time i search for chimp and Brighton I get a picture of Gus poyet!..

 

[hans kraay fan club]

My reference to crazy was about any assumption that TB has invested a fifth of a billion pounds out of his own pocket in our football club.

But he pretty much HAS.

 

[Arkwright]

David Gold also live(s)d in Sussex. There were strong rumours that he was going to buy Brighton, at one point.

David Gold lives in Caterham, Surrey. Close to the Ann Summers HQ in Whyteleafe.