Fan The Flames Posted 25 March, 2018 Share Posted 25 March, 2018 Owners usually put money into football clubs. Thy don't take it back out again. Tony Bloom, Brighton's owner has spent about £150m of his own money on buying Brighton a new stadium and players. It would be almost unheard of for him to take a penny back out again. Kat is special. I don't think that is the case the debt is underwritten by Bloom but the club is paying it back. Link to comment Share on other sites More sharing options...
benjii Posted 25 March, 2018 Share Posted 25 March, 2018 Owners usually put money into football clubs. Thy don't take it back out again. Tony Bloom, Brighton's owner has spent about £150m of his own money on buying Brighton a new stadium and players. It would be almost unheard of for him to take a penny back out again. Kat is special. What money has Kat taken out then? As far as I can tell she wrote off about 30m of debt and she refinanced Cortese's offshore loan in better terms. Neither of those activities takes money out of the club. If her loan was paid back as part of the sale then ultimately Gao would have paid that one way or the other. Link to comment Share on other sites More sharing options...
Nordic Saint Posted 25 March, 2018 Share Posted 25 March, 2018 I don't think that is the case the debt is underwritten by Bloom but the club is paying it back. Well, it is the case, and the club isn't paying it back. Football club owners, like race horse owners, do it for fun and always have done. They don't do it to make money. "Though Bloom has ploughed more than £200million into Brighton his wealth is unknown. Some estimate it at a billion pounds, based on his expenditure at the club." http://www.dailymail.co.uk/sport/football/article-4783574/Brighton-s-Tony-Bloom-gambling-Premier-League-survival.html Link to comment Share on other sites More sharing options...
Fan The Flames Posted 25 March, 2018 Share Posted 25 March, 2018 Well, it is the case, and the club isn't paying it back. Football club owners, like race horse owners, do it for fun and always have done. They don't do it to make money. "Though Bloom has ploughed more than £200million into Brighton his wealth is unknown. Some estimate it at a billion pounds, based on his expenditure at the club." http://www.dailymail.co.uk/sport/football/article-4783574/Brighton-s-Tony-Bloom-gambling-Premier-League-survival.html I'm sorry that doesnt prove what you are saying. It might be the case but a loose line in the Daily Mail isn't proof. Link to comment Share on other sites More sharing options...
CB Fry Posted 25 March, 2018 Share Posted 25 March, 2018 It's like Fenway Sports Group and the Glazers never existed. Link to comment Share on other sites More sharing options...
shirleysfc Posted 25 March, 2018 Share Posted 25 March, 2018 Well, it is the case, and the club isn't paying it back. Football club owners, like race horse owners, do it for fun and always have done. They don't do it to make money. "Though Bloom has ploughed more than £200million into Brighton his wealth is unknown. Some estimate it at a billion pounds, based on his expenditure at the club." http://www.dailymail.co.uk/sport/football/article-4783574/Brighton-s-Tony-Bloom-gambling-Premier-League-survival.html Except she didn’t buy us, she inherited us. You knew that though - this another attempt from you at Glasgow-esque trolling. Link to comment Share on other sites More sharing options...
Charlie Wayman Posted 25 March, 2018 Share Posted 25 March, 2018 What money has Kat taken out then? As far as I can tell she wrote off about 30m of debt and she refinanced Cortese's offshore loan in better terms. Neither of those activities takes money out of the club. If her loan was paid back as part of the sale then ultimately Gao would have paid that one way or the other. Devil's advocate or wilfully blind? Link to comment Share on other sites More sharing options...
angelman Posted 25 March, 2018 Share Posted 25 March, 2018 The idea that Abramovich is going to write off £1bn is somewhat fanciful. Fordstam owes him £1.053bn. These are for interest free loans. If he sold the club, I imagine he would have to be pragmatic about repayment terms. Link to comment Share on other sites More sharing options...
benjii Posted 25 March, 2018 Share Posted 25 March, 2018 Devil's advocate or wilfully blind? Answer the question. What money has SHE taken out? That doesn't concern whether or not Gao will or won't take money out but what money has she taken out? The money she got from Gao hasn't come out of the club and if a loan was repaid that's not money out either, it's netting off money in, save for any interest but the whole point of that loan was to be on better terms than the high interest loan Cortese took. So, I'll ask again, what money has she taken out? See if you can muster an intelligent response. Link to comment Share on other sites More sharing options...
St Marco Posted 25 March, 2018 Share Posted 25 March, 2018 Answer the question. What money has SHE taken out? That doesn't concern whether or not Gao will or won't take money out but what money has she taken out? The money she got from Gao hasn't come out of the club and if a loan was repaid that's not money out either, it's netting off money in, save for any interest but the whole point of that loan was to be on better terms than the high interest loan Cortese took. So, I'll ask again, what money has she taken out? See if you can muster an intelligent response. How much was Corteses loan? Link to comment Share on other sites More sharing options...
shurlock Posted 25 March, 2018 Share Posted 25 March, 2018 (edited) What money has Kat taken out then? As far as I can tell she wrote off about 30m of debt and she refinanced Cortese's offshore loan in better terms. Neither of those activities takes money out of the club. If her loan was paid back as part of the sale then ultimately Gao would have paid that one way or the other. Not sure how much debt she wrote off - my understanding is that the last few years profits have been used to pay it back, whether in part or in full. In that sense, she has been taking money out of the club though that happened before the sale to gao. Edited 25 March, 2018 by shurlock Link to comment Share on other sites More sharing options...
Red Posted 25 March, 2018 Share Posted 25 March, 2018 Answer the question. What money has SHE taken out? That doesn't concern whether or not Gao will or won't take money out but what money has she taken out? The money she got from Gao hasn't come out of the club and if a loan was repaid that's not money out either, it's netting off money in, save for any interest but the whole point of that loan was to be on better terms than the high interest loan Cortese took. So, I'll ask again, what money has she taken out? See if you can muster an intelligent response. £210M so far - hope that helps? Put nothing in for purchase - loans fully repaid - sold 80% for £210M. If you think she made nothing from SFC, then would love a similar deal from you any day! Link to comment Share on other sites More sharing options...
Saint_clark Posted 25 March, 2018 Share Posted 25 March, 2018 £210M so far - hope that helps? Put nothing in for purchase - loans fully repaid - sold 80% for £210M. If you think she made nothing from SFC, then would love a similar deal from you any day! Money she gets paid for 80% of the club is not money she's taken OUT of the club. Link to comment Share on other sites More sharing options...
Batman Posted 25 March, 2018 Share Posted 25 March, 2018 Money she gets paid for 80% of the club is not money she's taken OUT of the club. Great. That means the club will never ever have to pay gao back. Relegation - bring it on Link to comment Share on other sites More sharing options...
Red Posted 25 March, 2018 Share Posted 25 March, 2018 Money she gets paid for 80% of the club is not money she's taken OUT of the club. O'Reilly?? Where has it come from then? And more to the point who will eventually pay for it?? My bad - Gao borrowed money to buy the club, and of course as it's a personal loan he will never (no never) want to recovery it or indeed sell the club for even more. Silly me - wish my daddy left me a footy club in his will. Money I got from selling my house wasn't from my house because a Bank's mortgage paid for it, not the supposed new owner??? Link to comment Share on other sites More sharing options...
Saint_clark Posted 25 March, 2018 Share Posted 25 March, 2018 Great. That means the club will never ever have to pay gao back. Relegation - bring it on What Gao does in the future is on him. The money Kat was paid has not come from the club and quite frankly people criticising her are being ridiculous. She could have put us up for sale to all comers the moment her father died. Link to comment Share on other sites More sharing options...
Saint_clark Posted 25 March, 2018 Share Posted 25 March, 2018 O'Reilly?? Where has it come from then? And more to the point who will eventually pay for it?? My bad - Gao borrowed money to buy the club, and of course as it's a personal loan he will never (no never) want to recovery it or indeed sell the club for even more. Silly me - wish my daddy left me a footy club in his will. Money I got from selling my house wasn't from my house because a Bank's mortgage paid for it, not the supposed new owner??? She made £210million from selling us. That doesn't mean she took £210 million out of the clubs accounts. Your house comparison is ridiculous because your house doesn't make money and fwiw - whether the buyer uses a mortgage or has enough money to buy it outright, the money as still come from one of them and not your house. Link to comment Share on other sites More sharing options...
Batman Posted 25 March, 2018 Share Posted 25 March, 2018 What Gao does in the future is on him. The money Kat was paid has not come from the club and quite frankly people criticising her are being ridiculous. She could have put us up for sale to all comers the moment her father died. She has inadvertently taken money out of the club with this sale Let’s not pretend that such a long, protracted sale that had all sorts of authorities involves, Kat had no idea how Gao was going to fund it all. After all, we were all told that she had the best interests of the club front and centre of everything Unless of course, Gao is using his personal bank account to fund all of this.... I don’t think so either Link to comment Share on other sites More sharing options...
Saint_clark Posted 25 March, 2018 Share Posted 25 March, 2018 She has inadvertently taken money out of the club with this sale Let’s not pretend that such a long, protracted sale that had all sorts of authorities involves, Kat had no idea how Gao was going to fund it all. After all, we were all told that she had the best interests of the club front and centre of everything Unless of course, Gao is using his personal bank account to fund all of this.... I don’t think so either So she should have just kept the club till the day she died and it stayed in her family forever...get real. People on here need to grow the f*ck up. She did far more for us than she was ever expected to. Link to comment Share on other sites More sharing options...
Batman Posted 25 March, 2018 Share Posted 25 March, 2018 So she should have just kept the club till the day she died and it stayed in her family forever.... Where did I say that? Link to comment Share on other sites More sharing options...
Micky Posted 25 March, 2018 Share Posted 25 March, 2018 Owners usually put money into football clubs. Thy don't take it back out again. Tony Bloom, Brighton's owner has spent about £150m of his own money on buying Brighton a new stadium and players. It would be almost unheard of for him to take a penny back out again. Kat is special.You are some special divot if you really believe your own cr ap. Sent from my SM-T580 using Tapatalk Link to comment Share on other sites More sharing options...
benjii Posted 25 March, 2018 Share Posted 25 March, 2018 Not sure how much debt she wrote off - my understanding is that the last few years profits have been used to pay it back, whether in part or in full. In that sense, she has been taking money out of the club though that happened before the sale to gao. She converted 38m of debt to equity according to this: http://www.bbc.co.uk/sport/football/26813363 Odd move for someone looking to take cash out. Link to comment Share on other sites More sharing options...
benjii Posted 25 March, 2018 Share Posted 25 March, 2018 O'Reilly?? Where has it come from then? And more to the point who will eventually pay for it?? My bad - Gao borrowed money to buy the club, and of course as it's a personal loan he will never (no never) want to recovery it or indeed sell the club for even more. Silly me - wish my daddy left me a footy club in his will. Money I got from selling my house wasn't from my house because a Bank's mortgage paid for it, not the supposed new owner??? You don't understand what you're talking about pal. Link to comment Share on other sites More sharing options...
benjii Posted 25 March, 2018 Share Posted 25 March, 2018 She has inadvertently taken money out of the club with this sale Let’s not pretend that such a long, protracted sale that had all sorts of authorities involves, Kat had no idea how Gao was going to fund it all. After all, we were all told that she had the best interests of the club front and centre of everything Unless of course, Gao is using his personal bank account to fund all of this.... I don’t think so either The point is, you don't know. As things stand, the evidence suggests she has put around 40m into the club and taken zero out aside from perhaps some relatively modest interest on an 11m loan. Being paid by Gao is not taking money out. If Gao is shown to have dodgy motives or to be a bad owner then perhaps we will need to reevaluate but, as it stands, for someone who was essentially a reluctant owner one might say she has been a model custodian. Link to comment Share on other sites More sharing options...
shurlock Posted 25 March, 2018 Share Posted 25 March, 2018 She converted 38m of debt to equity according to this: http://www.bbc.co.uk/sport/football/26813363 Odd move for someone looking to take cash out. What happened to the subsequent after-tax profits we reported? Link to comment Share on other sites More sharing options...
benjii Posted 25 March, 2018 Share Posted 25 March, 2018 What happened to the subsequent after-tax profits we reported? Not sure. The accounts will say whether we paid a dividend or not. I don't recall us paying a dividend. Link to comment Share on other sites More sharing options...
SuperSAINT Posted 26 March, 2018 Share Posted 26 March, 2018 Not really GAO related... but WBA's finances (!) https://www.telegraph.co.uk/football/2018/03/26/west-brom-chief-executive-shocked-clubs-finances-says-no-money/ Link to comment Share on other sites More sharing options...
Red Posted 26 March, 2018 Share Posted 26 March, 2018 You don't understand what you're talking about pal. Ok, if you say so Clearly reasoned debate is beyond your comprehension. BTW - I'm not your pal - I am particular about the company I keep. Link to comment Share on other sites More sharing options...
Suhari Posted 27 March, 2018 Share Posted 27 March, 2018 Not really GAO related... but WBA's finances (!) https://www.telegraph.co.uk/football/2018/03/26/west-brom-chief-executive-shocked-clubs-finances-says-no-money/ Chinese owners too I think. Where's the money going? Link to comment Share on other sites More sharing options...
stu0x Posted 27 March, 2018 Share Posted 27 March, 2018 Chinese owners too I think. Where's the money going?If you read the article you'll know. Their player costs (wages and loans) are out of control. Nothing to do with the owner. Sent from my Nexus 6P using Tapatalk Link to comment Share on other sites More sharing options...
benjii Posted 27 March, 2018 Share Posted 27 March, 2018 Ok, if you say so Clearly reasoned debate is beyond your comprehension. BTW - I'm not your pal - I am particular about the company I keep. Talking nonsense on a factual level isn't "reasoned debate" pal. Link to comment Share on other sites More sharing options...
John Boy Saint Posted 27 March, 2018 Share Posted 27 March, 2018 If you read the article you'll know. Their player costs (wages and loans) are out of control. Nothing to do with the owner. Sent from my Nexus 6P using Tapatalk Yup. Looks a bit like us under Burley in the Championship, threw the Wallet at getting back into the Prem and came up short, the rest is history. Not sure where this lot were aiming their sights though, did think in the summer they were certainly Splashing the cash about. Seeing as they had a big boardroom clear out recently, the owner probably twigged that his tail was wagging him. Link to comment Share on other sites More sharing options...
Badger Posted 30 March, 2018 Share Posted 30 March, 2018 See Nelly's in town : https://www.instagram.com/ivanajewelry/?hl=en Link to comment Share on other sites More sharing options...
OVER THE HILL Posted 30 March, 2018 Share Posted 30 March, 2018 See Nelly's in town : https://www.instagram.com/ivanajewelry/?hl=en Was at the new Saints exhibition at the Sea City Museum on Wednesday and gave a short speech. Link to comment Share on other sites More sharing options...
simo Posted 30 March, 2018 Share Posted 30 March, 2018 See Nelly's in town : https://www.instagram.com/ivanajewelry/?hl=en Probably ironing out those 5 pledges ! Link to comment Share on other sites More sharing options...
Fatboy40 Posted 2 October, 2018 Share Posted 2 October, 2018 Other than a poxy "Social Media Influencer" can someone confirm what Nelly Gao's official position at the club is again? (I seem to recall that he father gave her some sort of token official job) Link to comment Share on other sites More sharing options...
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