Why does Bloom escape criticism on here?

[Rookie]

Who signed Toko (rumoured for a lot of money) and O'Grady then We didn't even have a manager then. Contract extensions, retained list etc etc...Burke we have been told a million times does all that. We maybe told Hyypia has a say in these things, but by his own admission when he came, he knows nothing about the transfer market and player recruitment. I would think that is a pretty major part of a mangers job. But then we didn't want a manager, we just wanted a head coach with the title "manager".

Toko signed pre contract under Oscar. O'Grady check your dates.

 

[B.W.]

The OP's comment seems to lack any perspective.

 

[El Presidente]

so you are telling me that the whole 200m came from his personal fortune ?

Yup

 

[Brighton Mod]

Do you know any different?

The stadium was being built during the credit crunch. Banks weren't lending at all.

I wouldn't know any difference, however very few people have that sort of money in their current account and business s don't carry such cash on their balance sheet. I would suggest that he facilitated the building of the stadium but didn't pay for it outright from his own funds. I would also stress that I don't expect the club to be in receipt of any benefactors funds just to keep the wages paid and the lights on. BUT, TB heads up the management team, even if he has no day to day input, that has clearly made some bad decisions to date. he is not beyond criticism, football is all about opinions so this should not be closed down.

 

[El Presidente]

it also beggers the question why did we not stay at the Goldstone and develop that, the Blooms were there then

We committed to leaving the Goldstone in 1995, when Tony Bloom was 25. He left university in 1991, he was not a multimillionaire at the time, which is why there was no chance of staying at the Goldstone.

 

[Brighton Mod]

Absolute rubbish.

Bloom employs people to run and play for the club. They are accountable end of. So far I think he's done a pretty good job, although as I said earlier the jury is still out on Hyppia as performances haven't been great to date.

But to be called politically correct and compared to a Russian serf for supporting a lifelong fan who has pumped £250m into the club and is a lifelong fan is frankly insulting.

A quarter of a billion pounds, I don't think so.

 

[El Presidente]

I wouldn't know any difference, however very few people have that sort of money in their current account and business s don't carry such cash on their balance sheet. I would suggest that he facilitated the building of the stadium but didn't pay for it outright from his own funds. I would also stress that I don't expect the club to be in receipt of any benefactors funds just to keep the wages paid and the lights on. BUT, TB heads up the management team, even if he has no day to day input, that has clearly made some bad decisions to date. he is not beyond criticism, football is all about opinions so this should not be closed down.

If he didn't buy it from his personal funds then someone, somewhere, is paying a huge interest burden, and it doesn't appear to be the Albion.

 

[Mackenzie]

Total disbelief at the OP....surely a wind up?

 

[Weststander]

Yup

True. The Albion's accounts have only ever showed the major loans & equity share capital as coming from him, and no significant other lender or shareholder. The mandatory controlling party note, which must reveal the true ultimate owner, no matter how many layers / structures might hide him/her, only states TB. I've never before heard these wild and completely false guesses that there's a secret third party or bank who came up with the cash, hiding behind TB.

 

[El Presidente]

Total disbelief at the OP....surely a wind up?

He does have a very long, and very constant, track record as being spectacularly thick.

 

[Brighton Mod]

If he didn't buy it from his personal funds then someone, somewhere, is paying a huge interest burden, and it doesn't appear to be the Albion.

If he has invested £250m in the club, who are currently are near the drop zone in the championship then he's not as good at gambling as I thought he was. Its a huge amount of money, I just can't see that this spare cash would be available.

 

[El Presidente]

If he has invested £250m in the club, who are currently are near the drop zone in the championship then he's not as good at gambling as I thought he was. Its a huge amount of money, I just can't see that this spare cash would be available.

If you are worth £600-700 million then it's not a gamble, it's a labour of love. We are having a poor season, it doesn't mean that the total amount TB has put into the club is a write off though.

 

[Weststander]

He does have a very long, and very constant, track record as being spectacularly thick.

Agreed, but I do concur with his point about Hyppia. FFP/the Board has handed him a duff squad, especially lacking any goal threat or creativity. With our club player recruitment structure, and Hyppia only joining mid-Summer, the awful composition of the squad cannot be blamed on Hyppia.

 

[glasfryn]

[

We committed to leaving the Goldstone in 1995, when Tony Bloom was 25. He left university in 1991, he was not a multimillionaire at the time, which is why there was no chance of staying at the Goldstone.

this answers one question

Yup

I find it very hard to believe .......but if you say so

 

[Weststander]

[



this answers one question



I find it very hard to believe .......but if you say so

Either because TB is very private about his PERSONAL wealth, and/or because he's an Australian citizen, he never features in nosey, guess-timating data in lists like the Sunday Times rich list. That perplexes some, but if his vast wealth is in various investments and he chooses to keep it private, that's TB's prerogative. But that might frustrate some doubting-thomas's.

 

[Tom Hark Preston Park]

If you are worth £600-700 million then it's not a gamble, it's a labour of love.

You can't really believe that El Pres (do you mind if I call you shirley?). Using your figures, piss a third of your fortune up the wall with little or no hope of getting it back? Sorry, not buying it. Nobody gets to have a fortune that size by being that daft. There is patently WAY more to the underlying finances than meets the eye, whether that be based on futures or options or somesuch exotic financial instrument.

 

[ewe2]

IMO there is not a lot to criticize at the moment,he has got us where we are. Maybe he cannot get us to the next level ,he will know.At that point ,he might sell,or take partners,whatever.If we slip down the leagues (again !!! ),then he must face his critics.

 

[El Presidente]

Agreed, but I do concur with his point about Hyppia. FFP/the Board has handed him a duff squad, especially lacking any goal threat or creativity. With our club player recruitment structure, and Hyppia only joining mid-Summer, the awful composition of the squad cannot be blamed on Hyppia.

I suspect we have spent more money on players than at least a dozen clubs in this division. Stockdale £1 million, Baldock £1.5 million, COG £500,000. None of these players have impressed to date, but that's not the same as failing to spend money

 

[Lower West Stander]

If he has invested £250m in the club, who are currently are near the drop zone in the championship then he's not as good at gambling as I thought he was. Its a huge amount of money, I just can't see that this spare cash would be available.

Do you know anything about TB's personal finances? You just seem to be working on the assumption that no one would put that amount of money into a club.

As others have said on here, all reporting procedures show TB is the ultimate owner and given his business background, it is perfectly feasible he has this net worth. Do you really believe he generated his net worth from just playing poker?

And I'm not sure he would regard it as "spare cash". More a useful and enjoyable way of exploiting your wealth.

 

[Lower West Stander]

You can't really believe that El Pres (do you mind if I call you shirley?). Using your figures, piss a third of your fortune up the wall with little or no hope of getting it back? Sorry, not buying it. Nobody gets to have a fortune that size by being that daft. There is patently WAY more to the underlying finances than meets the eye, whether that be based on futures or options or somesuch exotic financial instrument.

Are you saying TB as got cash in from a third party option trade? How can you define put and call levels? And how could you define the strike on a loss making club with minimal assets?