Saint86 Posted 5 February, 2014 Share Posted 5 February, 2014 Article on the Beeb about brighton announcing a £14.7m loss for the annual accounts, and an £8m for last financial year. Really puts it into perspective how important being able to rely on youth players is for us as a club. Realistically, they had a tiny wage bill compared to us in league 1, with minimal income from the withdean. Yet despite the very large boost in turnover they've had in moving to the Amex they look to have hit their glass ceiling and stalled (perhaps). In comparison, we had a net transfer spend of circa £3m under Adkins (thanks directly to the youth academy) which saw us through to two promotions. We are now reaping the benefit of it in the top flight to further push our progress and if we can continue producing players of the level they currently are it gives us a massive advantage over the other top 6 rivals? Those we may sell (shaw) will go for circa £20-£25m, our wage bill is smaller, we can fill the squad positions with no transfer fees and no low agent costs, and we have a great team spirit and loyalty. Granted Brigton aren't everton, tottenham etc.. But they are another team we have left behind relative to where we were, and if we are trully in a race with teams like tottenham, everton, liverpool, newcastle, dare I say united? then producing the next walcott, shaw, oxlade, bale () gives us a massive leg up on those teams in one respect. They can have all the sponsorship they want if we get the players for free Link to comment Share on other sites More sharing options...
bender Posted 6 February, 2014 Share Posted 6 February, 2014 I know Tony Bloom has got a few quid so I wonder how long he'll continue losing his own money. SMS cost a fraction of what their ground cost. If he does ever pull out, theyre in trouble. Its not as if theyve been spending massive money on players too. Link to comment Share on other sites More sharing options...
Turkish Posted 6 February, 2014 Share Posted 6 February, 2014 Weren't we the club whose owners wrote off £30m of debt whilst we were in the championship? Link to comment Share on other sites More sharing options...
Bucks Saint Posted 6 February, 2014 Share Posted 6 February, 2014 Weren't we the club whose owners wrote off £30m of debt whilst we were in the championship? Got to be in it to win it Link to comment Share on other sites More sharing options...
dubai_phil Posted 6 February, 2014 Share Posted 6 February, 2014 Weren't we the club whose owners wrote off £30m of debt whilst we were in the championship? Debt to Equity swap, not "quite" the same. When we were in the Championship under Lowe with "Shareholders" and Lowe was seeking to sell (before Admin) the asking price for the club was ..... £30m. The asking price for the club now is > £150m, so on paper the "owners" have not written off anything, and in fact have (on paper) made a significant profit. Link to comment Share on other sites More sharing options...
danner Posted 6 February, 2014 Share Posted 6 February, 2014 What did we make last year ? Link to comment Share on other sites More sharing options...
Gemmel Posted 6 February, 2014 Share Posted 6 February, 2014 Article on the Beeb about brighton announcing a £14.7m loss for the annual accounts, and an £8m for last financial year.: I imagine our accounts will be fairly similar Link to comment Share on other sites More sharing options...
Pancake Posted 6 February, 2014 Share Posted 6 February, 2014 What did we make last year ? A nice New York cheesecake. Link to comment Share on other sites More sharing options...
RedWillie Posted 6 February, 2014 Share Posted 6 February, 2014 It may be worth noting Brighton are actually investing in their training and youth set up. They are currently building a 30m facility in Lancing due to open later this year. It's on a par with ours and not that far away really. I know they have a long way to go before emulating ourselves with youth players etc but at least they are heading in the right direction. http://www.bbc.co.uk/sport/0/football/24476352 Link to comment Share on other sites More sharing options...
angelman Posted 6 February, 2014 Share Posted 6 February, 2014 I know Tony Bloom has got a few quid so I wonder how long he'll continue losing his own money. SMS cost a fraction of what their ground cost. If he does ever pull out, theyre in trouble. Its not as if theyve been spending massive money on players too. This is an aspect that has always confused me. Why was SMS so cheap, at £1000 a seat? A total of £32m. Amex Stadium was £93m for 30k capacity, or about £3000 per seat. Given that Amex was also on (I think) a green-field site, there was no cost of land clearance etc. Is it down to SMS being an identi-kit stadium? I know that many people like to put it down as being boring and no different from certain other clubs, but given the price, happy to live with the criticism Link to comment Share on other sites More sharing options...
Bucks Saint Posted 6 February, 2014 Share Posted 6 February, 2014 This is an aspect that has always confused me. Why was SMS so cheap, at £1000 a seat? A total of £32m. Amex Stadium was £93m for 30k capacity, or about £3000 per seat. Given that Amex was also on (I think) a green-field site, there was no cost of land clearance etc. Is it down to SMS being an identi-kit stadium? I know that many people like to put it down as being boring and no different from certain other clubs, but given the price, happy to live with the criticism A big chunk will be the inflation of building costs since SMS was built, but they also had a long running and difficult planning application process, with protests, opposition and a Dept of Environment eventual appeal. Guess some of it was also down to providing all the associated infrastructure and services needed in the middle of nowhere Link to comment Share on other sites More sharing options...
disconnect Posted 6 February, 2014 Share Posted 6 February, 2014 Brighton's ground is also partially sunk into the ground / built on a hill, which would've been expensive to excavate and level. Not 50 millions worth, but they did have some costs with that. Link to comment Share on other sites More sharing options...
Charlie Wayman Posted 6 February, 2014 Share Posted 6 February, 2014 It's catch 22 for clubs who try to move things forward. Build a decent stadium and bankrupt the club seems to be the rule. Seems unfair that Man C, Hull City & West Ham can move into new stadia built by the state and get away with paying rent only and mort saddling themselves with crippling debt. Link to comment Share on other sites More sharing options...
bender Posted 6 February, 2014 Share Posted 6 February, 2014 A big chunk will be the inflation of building costs since SMS was built, but they also had a long running and difficult planning application process, with protests, opposition and a Dept of Environment eventual appeal. Guess some of it was also down to providing all the associated infrastructure and services needed in the middle of nowhere Its not as if we didnt have a massive period of application planning. The problem is where it was. Basically it's set into the ground. There was much more prep work than ours. Also you only have to look at the design of it to see it would be more expensive to construct. Link to comment Share on other sites More sharing options...
bender Posted 6 February, 2014 Share Posted 6 February, 2014 Debt to Equity swap, not "quite" the same. When we were in the Championship under Lowe with "Shareholders" and Lowe was seeking to sell (before Admin) the asking price for the club was ..... £30m. The asking price for the club now is > £150m, so on paper the "owners" have not written off anything, and in fact have (on paper) made a significant profit. As will the Brighton if they get up to the Prem. Link to comment Share on other sites More sharing options...
buctootim Posted 6 February, 2014 Share Posted 6 February, 2014 This is an aspect that has always confused me. Why was SMS so cheap, at £1000 a seat? A total of £32m. Amex Stadium was £93m for 30k capacity, or about £3000 per seat. Given that Amex was also on (I think) a green-field site, there was no cost of land clearance etc. Is it down to SMS being an identi-kit stadium? I know that many people like to put it down as being boring and no different from certain other clubs, but given the price, happy to live with the criticism Or an incredible £8,400 per seat for Wembley. SMS was a great deal. Its easy to splash loads of extra money on escalators and marble cladding but all you really need is good sight lines and easy access. Link to comment Share on other sites More sharing options...
bender Posted 6 February, 2014 Share Posted 6 February, 2014 Or an incredible £8,400 per seat for Wembley. SMS was a great deal. Its easy to splash loads of extra money on escalators and marble cladding but all you really need is good sight lines and easy access. Decent real ale and pies would also help. Link to comment Share on other sites More sharing options...
buctootim Posted 6 February, 2014 Share Posted 6 February, 2014 Decent real ale and pies would also help. Not keen on lots of gas followed by wind then? Link to comment Share on other sites More sharing options...
Chez Posted 6 February, 2014 Share Posted 6 February, 2014 I know Tony Bloom has got a few quid so I wonder how long he'll continue losing his own money. SMS cost a fraction of what their ground cost. If he does ever pull out, theyre in trouble. Its not as if theyve been spending massive money on players too. A £93m interest free loan to the club for the stadium (and another £30m loan for the training ground) suggests to me that he won't be pulling out soon. Besides, you don't go to the trouble they did to get the stadium and then turn your back on the club shortly after. Just shows that by ad large for sides looking to get promoted from the Championship they face £10m+ losses a season should they fail. Link to comment Share on other sites More sharing options...
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