The Brighton model?
Tony Bloom is finally getting some money back
No Brighton fan needs reminding of the significant financial investment the other TB (Tony Bloom) has made in the Albion. Bloom has invested the best part of half a billion pounds in the club since becoming chairman in 2009.
2022-23 was the first time Brighton were ever in a position to pay some of that money back. Bloom received £33.2 million. 2023-24 saw an even bigger repayment of £74 million.
That reduced the total amount he is currently owed to just under £300 million. But with moves afoot to convert another £200 million into shares, it will mean the Albion owing around £99 million.
Presumably, this comes in response to Manchester City’s attempts to have shareholder loans counted towards profit and sustainability rules in future.
The change would not have been applied retrospectively. But the application of new rules may still have left Brighton in a spot of bother – especially if the amount owed remained at the £500 million mark from the summer of 2022.
