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We are in Financial Trouble!
- Thread starter dadams2k11
- Start date
KJP
Well-known member
We are in finacial trouble!
If we are in trouble then so are at least 71 other clubs
If we are in trouble then so are at least 71 other clubs
Pavilionaire
Well-known member
- Jul 7, 2003
- 31,269
If we were in the shit Bridcutt, CMS, Ulloa and Buckley wouldn't still be here.
T soprano
New member
yxee
Well-known member
We're in so much trouble that TB swapped £40,000,000 of debt for equity last year.
Creaky
Well-known member
Not to denigrate anything that TB has done for the club, (without him we certainly wouldn't have the club we have today and for that he is due a huge debt of thanks), but when the fortunes of any organisation, large or small, depends on one person for its future financial viability there has to be a degree of unease.
That level of unease has to be lower in the case of BHAFC because TB is a genuine fan of the club as well as having the controlling interest. Who's to say however that his financial position might not change at sometime in the future and he would be forced, willingly or not, to pull out his support for the club. It's unlikely that anytime in the short to middle term future that the club will be profitable and all the time we aren't there is always a risk.
How much more secure we would be if we could have a financial commitment from a second source just in case - how welcome a second investor would be made by the current board though is of course a matter for conjecture.
That level of unease has to be lower in the case of BHAFC because TB is a genuine fan of the club as well as having the controlling interest. Who's to say however that his financial position might not change at sometime in the future and he would be forced, willingly or not, to pull out his support for the club. It's unlikely that anytime in the short to middle term future that the club will be profitable and all the time we aren't there is always a risk.
How much more secure we would be if we could have a financial commitment from a second source just in case - how welcome a second investor would be made by the current board though is of course a matter for conjecture.
The Mirror is reporting that the Croyden rabble are being priced out of British players and will have to buy abroad. More like decent British players wouldn't be seen dead at Palace
The Large One
Who's Next?
TBF, Gus used to complain about being priced out of British players; it's not unreasonable to assume most clubs are.
Thankfully, we seem to have a direct hotline to some of Spain's La Liga / Segunda players.
brightn'ove
cringe
SeagullSongs
And it's all gone quiet..
Sauce?
The Large One
Who's Next?
Club accounts.
TSB
Captain Hindsight
Curious Orange
Punxsatawney Phil
The clubs published accounts - El Pres highlighted it when he had a look through 'em.
Eggmundo
U & I R listening to KAOS
- Jul 8, 2003
- 3,466
They weren't working when I took the dog for a walk last night.
Creaky
Well-known member
Converting an interest free loan into share equity is hardly the sign of an organisations financial well being.
Isn't it just a way of the shareholders (and Tony Bloom holds a massive majority of the shares anyway) investing permanently in the club? Seems like a good idea all round to me.
British Bulldog
The great escape
- Feb 6, 2006
- 10,974
I've just looked out of my bedroom window and I can confirm work is still going on.
It can be a way of avoiding showing net liabilities on the balance sheet too (Insolvant) but, not having seen the balance sheet, I have no idea if this applies.