Paul Barber drops hint at Brighton transfer strategy as Tony Bloom’s financial backing is revealed
Paul Barber says Brighton’s drive to become less dependent on owner Tony Bloom is underway as he has invested almost half a billion in the club.
According to Kieran Maguire, professor of football finance at the University of Liverpool, known on Twitter as “The Price of Football”, the Albion chairman has invested £427m in the Sussex side since taking over in 2009. This comes after the Seagulls announced losses of £53.4m for the 2020/21 season plus early this week. However, this was a reduction of £13.8m from the £67.2m lost in the 2019/20 campaign, and the club’s turnover increased by 13.4 % to reach £151.6 million.
Afterwards, Brighton CEO Barber praised Bloom for his “rare” qualities and said everyone at the club and linked to the club were “indebted” to his financial support over the years – especially during the coronavirus pandemic. Despite this, Barber also said that Albion needed to find new ways to “increase revenue”, increase the size of the fan base and reduce operational costs.
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He added that around 50% of the club’s total losses of late have been due to Covid and in their efforts to become more sustainable, Barber said Brighton need to make ‘smart’ transfer deals and keep bringing in talent of the academy.
This could suggest the Seagulls could continue to buy young emerging talent; such as Kacper Kozlowski, Jakub Moder, Moises Caicedo, Tariq Lamptey, etc., which have high selling value. That doesn’t mean big signings are out of the question, but a smart transfer approach will be pursued.
In his pre-match program notes ahead of the Norwich City clash, he told the club website“The numbers are testament to the careful, diligent and professional approach of so many across the club, who have adapted to the global situation, and the stability that Tony Bloom’s financial investment is giving the club.
“As always, we are greatly indebted to Tony for a further increase in an already very significant investment in Brighton & Hove Albion. Tony provides a level of stability rarely enjoyed by other clubs, and that has allowed us to continue to grow. and to progress under its chairmanship and ownership.
“This week’s results show how difficult it is to be competitive in the Premier League, but with around half of our total loss attributed directly to the pandemic, hopefully we can now move forward with more certainty. , we must continue to look for new ways to increase revenue, grow our fan base and reduce operational costs.
“The overall effort to become more sustainable and less dependent on Tony is a long-term project involving all of our staff. We recognize that there will always be challenges in achieving our goals and ambitions, but we remain committed. to work towards our Being one of the top ten clubs in the Premier League and the top four clubs in the WSL will not be easy and is not achieved by reaching these heights once, just as a season is not determined by a good or a bad race.
“Long-term sustainability is also not achieved easily or overnight and improving our key finances must be balanced with careful investment on and off the pitch. shrewd transfers and continued production from our academy out, improving the experience of fans in our stadium and delivering the best possible value for money is paramount.”