Kieran Maguire's analysis of the accounts is great. He does a really good job of covering every angle and what it means and doesn't mean. It isn't black and white but he certainly doesn't seem as concerned as the person on Facebook who wrote the post that this thread is about. Also, I found these graphs interesting, comparing the playing costs of us last season against other clubs (though most are based on their previous year's accounts as they haven't filed a more recent set yet). When you look at ours against West Brom and Norwich it shows what we were up against competing for the playoffs last season. The idea that we should have made the playoffs last season based on the relative spending looks totally wrong. Our costs were only slightly higher than Luton the previous year in fact, who everyone thought were punching miles above their weight to make the playoffs (and in a much weaker division than last season's). https://twitter.com/KieranMaguire/status/1873662702792687776?t=tT41RvJfIh-KEpb8rqF0Wg&s=19
I’m a bit more at ease when you see Brighton who are meant to be a well ran club have 400 million pound loans to the chairmen. Obviously he’s minted. However, we need to hit a sweet spot with our side sooner rather than later to justify the spend.
Tony Bloom has been known to bet £250k on one of his horses at big meetings like Cheltenham,he's loaded.
Brighton’s whole transfer policy is one to be admired. They don’t mind selling their best talents for the right price because they usually have their replacement scouted and lined up well in advance of a potential sale. They identified Baleba and Gourna-Douath as potential replacements for Caicedo a year before they sold Caicedo to Chelsea (Bloom preferred Baleba more so they signed him instead).
A massive debt will help avoid paying tax on profits for a start. I don't think there will be any football league club that runs at a profit if the owner is sinking money in. He would rather take that money back in the future as a loan repayment, or as part of a sale, than pay corporation tax on profits. That's just one of several reasons they won't want to be sat in the black.
I think it was quite the opposite, if he listened to the fans Walter would have got the boot a month before. He did his best to ignore the noise to save face until his investment was in danger and he was left with no choice. He was directly asked about the fan reaction towards Walter and publicly backed him before sheepishly back tracking.
Let’s hope so, but I feel for all the good advice, he still has the potential to make a rash decision and blow it all up.
Come on. Acun clearly likes or has liked in the past to listen to the fans. He’s confessed he’s got a burner account on Twitter and there are countless instances of him being reactionary to fans feelings. Had he not been at that game against Wednesday I genuinely do think that Walter would’ve been in charge longer. I appreciate that’s hypothetical but I’m basing it on times at Q&A’s he’s said that he sees fans comments about players and managers. He was troping out lines that fans said about Allsopp and Connolly unprompted.
But as a club they'd be valued and would sell for around that and I think that's a major difference between debt in the different leagues. We're only worth £20-30m
I don’t doubt he has his ear to the ground and is aware of what is being said. But I don’t for a second believe he’s making multi-million pound decisions based on what the fans think.
Maybe consciously he isn’t. But he’s a PR man. He will see how people comment and react to that. He’s on record for saying that the Walter sacking was instigated due to the fan reaction during the Wednesday game
honestly couldn’t put a number to it. All I know is there was a fair few in support in the sacking and that was fairly reflective on here and other forums as well
And acun would have still wasted his money. There was no chance we were going up. Everyone could see this season would be far more open.
Why would debt help them avoid paying tax? You can deduct interest payments, which I didn't think he was charging any, but that's all. You're confusing debt with historical losses.
