Give Gino A Break?

Well that's just 86,000,000 more reasons for Gino to be very, very angry.

(Am I doing this right?)

 

+ Rous + "balanced" TUT?

 

Quite so - all those managers effectively embezzled £25m of Gino's money with their payoffs. I'd be furious at them.

 

Great post.

Where you say we're in this position despite being in the PL for 6 years, I'd say we're in this position because we were in the PL for 6 years. For a club of our size and backing to survive for as long as we did, I struggle to see many ways you can be competitive, without racking up debt. Which isn't to say every bit of expenditure was completely necessary and no mistakes were made.

The last 3 years have come across as a mishmash of panicked decision making. The model that made us successful is now out of date, and the exclusive club we want to be a part of is even more of a closed shop than before. You either need to have a near-flawless recruitment strategy (Brentford), or have some serious investment that Gino doesn't have the capabilities to provide.

 

Accprding to Swoss Ramble we made £57 million on profit on player sales in 20/21 and £15.3 million 21/22 Debt would have been significantly higher. Debt also reduced by £10 million at the same time.
Total wage bill 20/21 £65 million and £79 Million 21/22 makes my original figures cheap.

If you had paid that much out and have the rubbish performances from players, managers and the fans spitting venom, would you not be annoyed. I would be furious.

 

Gino does well, fans have rightly praised.

Gino doesn’t do so well, fans give him leeway based on the above.

Gino has fluke season due to covid and other factors and club does well, fans praised him but questioned decisions.

Gino gambles the future of the club over a number of years including prior to aforementioned covid promotion, fans are challenged by other fans for being furious with Gino and instead should give him a break.

Makes sense from the lack of spine fanbase we seem to have developed.

 

People say how well run Brighton are but dont they owe over £400 million

 

I guess he would want it back if he sells

 

Glazers - similar to Pozzo IMO although Pozzo didn't need to leverage the purchase of the club as it was pretty much free at the time he acquired it.

 

Neither of these extremes. I’m “balanced” as you say.

 

If he wants it back it just reduces the selling price accordingly £ for £.

 

Depends who they owe it to, when it’s due to be paid back, and what it’s secured against.
They also have saleable assets.
If much of that debt was owed to the owner(I don’t know), it’s sort of irrelevant.

 

The worrying thing to me has always been that we have borrowed against future guaranteed income. That income is about to fall off a cliff so we won’t be able to borrow at that level going fwd, that means reducing debt ie repaying. How are we going to do that when our player assets are now largely worthless, and yet we want to build a squad for Ismael ?

 

It’s all owed to Bloom and it’s interest free and unsecured- he owns 100% of the club. The accounts say it’s repayable on demand but as he owns the club why would he call it in - it’s effectively capital.

 

A simple but great way of looking at it.
Now if we had been “bankrolled” to success, you’d expect to see share capital or loans to owner increase by a similar amount to fund that progression in status. Instead a substantial part of the £86m has been funded by external debt as the owners are just not rich enough, or simply not prepared, to cover 100% of those losses themselves. And of course we haven’t have been bankrolled to success anyway, we’ve been bankrolled back to exactly where we started 10+ years ago.

 

Yes effectively capital but more flexible. Easy to convert debt to capital later if he wants to, it’s more difficult to convert capital back to debt or repay, if he’d wanted to.

 

Honestly with a very few exceptions most of you guys pffer little in the way of constructive comment and even less positivity. You then wonder and complain that the owner doesnt talk to the fans. To do that there has to be a chance of constructive discussion.

Can you even start to imagine what his inbox looks like.

There is so much vitriol, people saying things several times and then convincing themselves its true.

We are not at the ground every day, er don't really know what goes on and apart from the odd player having a moan or a manager putting his side of his defence in place we really don't see and know the detail.

We don't see the problems that Gino faces on a daily basis with underperorming players, managers that cant motivate the team and the fans spitting their venom.

Give Gino a break and get involved in the solution without driving the guy away.

 

Can a mod lock the thread now? There has been some reasonable and interesting debate, but this absolute weapons shtick is now achingly dull, the worst type of troll imaginable as they aren’t even funny. They’re basically Colin Robinson from what we do in the shadows, sucking the life out of everyone with the same dull response.

There are other threads for the grow ups to debate this stuff in.

 

No replies for 24 hours? Better just post the same thing over and over again.

 

Ok, let's do this again... Gino either signs or oversees the signing of these players. A lot of them have been murky deals with Bayat and friends, some of which have been so bad they were subsequently loaned out or terminated.

Gino employs managers that he then gives no time to build anything and refuses to give them the players they ask for. Then he sacks them and allows player power to win.

He creates the toxic, transient culture that breeds apathy and failure.

We have hundreds of millions of pounds of debt compared to £10m when he came in.

Etc etc.

 

As part of the Gino bashing, compare player trading of the sides joining us in the championship, Leicester 9.2 Million, Leeds 0.9 Milllion, Southampton 31.2 million. Leicester have debt of 312 Million.

Perhaps not as bad as you guts seem to think.

 

I understand the EDwards situation had more to do with internal fights than anything else. We don't know what would have happened if Edwards had stayed. He certainly inherited a team at Luton that was set up for him and prepared to run through a brick wall. Our players wouldnt run through a paper wall.

When does the window open

 

I guess the Luton owner was just lucky to have those players that would run through a brick wall, all at the same time.

 

Gino: Why don't we have that?