Skip to main content

Brighton's path to success

“Everything about the Premier League becomes more difficult every year,” Brighton & Hove Albion owner and chairman Tony Bloom tells The Athletic, speaking at the club’s training ground.

There can be no denying Brighton’s incredible progress since Bloom first took over the club in 2009. They had just finished 16th in League One — English football’s third tier — when Bloom arrived in the boardroom, but in the eight years that followed, they won two promotions and a place in the Premier League, and moved into both a state-of-the-art training facility and their now-famous Amex Stadium.

The hallmark of Brighton’s spell in the Premier League has been innovative thinking — be that in the transfer market or when appointing new managers. This vision has helped keep the club punching above their weight and regularly overcoming opponents with far bigger budgets, and has also secured Bloom’s status as one of the most respected minds in the game.

“It’s getting to that point where the revenues of the league are going up at a certain rate and transfer fees and salaries are going up at a higher rate,” he tells The Athletic. “So there’s an element of unsustainability there, which is why the rules we’re going to be voting on soon are really important. Because it will only end in disaster if the losses sustained by clubs go up at an even faster rate.”

What is really important — and why the Premier League is so popular — is that, even though you’ve got some clubs with huge resources and some of the best teams in the world, on any given day, the bottom few teams can beat them.   “So the gap between top and bottom is somewhat competitive. And if that gap grows too much, the interest in the Premier League will go down and the revenues of the Premier League will go down — and that will not just affect the Premier League teams, it will affect all the teams going down the pyramid. So that for me is paramount and that’s the sort of level of detail that I’ll be looking at to make sure that will continue for decades to come.”

He runs a tight but profitable ship. Brighton’s combined pre-tax profit over the past two seasons was £208.4m. The figures fluctuate, depending on player trading from year to year, but Brighton have never been in danger of breaching PSR regulations, unlike clubs such as Everton, Nottingham Forest and Newcastle. 

Staying competitive at the top end of the table while spending only what you can afford is increasingly challenging for Bloom. The 55-year-old sports betting entrepreneur has invested over £400m into his boyhood club. 

Bloom wants the Premier League to tap into what he sees as a benefit of the influx of U.S. owners. “We need to embrace new ideas,” he says. “Some American sports are excellent at marketing. The fan experience is superb. Our fan experience is also great, but there are just different ideas we can bring. You’ve got to be a bit careful, because football is different to other sports. The spectator experience in America and their expectations are quite different.

Brighton’s recruitment model, based on Bloom’s secret algorithm, is their route to a competitive edge over their rivals. The process of sourcing gems at low cost, developing them and then selling for big profits has to keep on evolving for the club to keep on progressing.

 

Comments

Popular posts from this blog

Fulham requires big funding from owner

After lengthy delays, Fulham’s shiny, new Riverside Stand has finally opened, creating “a unique Thameside destination with first class facilities for supporters and partners on match days, as well as for the wider community year-round”. This ambitious project has increased Craven Cottage’s capacity by around 4,000 to 29,600, while it has also taken advantage of the club’s fantastic location and wealthy catchment area by including two Michelin star restaurants, a rooftop swimming pool, corporate hospitality and event space, all benefiting from views of the Thames. Chief executive Alistair Mackintosh observed, “Fulham is the sort of club that can have a business class or first class and have fans that turn left on a plane.” Indeed, there is also an exclusive members club – with a football season ticket as an optional extra. It’s fair to say that “the times they are a-changing”, as this is a long way from the traditional pie and a pint. However, in a world where clubs face the tw...

Threat of financial calamity removed from Baggies

West Bromwich Albion had effectively been in decline ever since the club was sold to a Chinese consortium in August 2016, paying a figure north of £200m to buy former owner Jeremy Peace’s stake. Controlling shareholder Guochuan Lai’s ownership was fairly disastrous for the club, but his unloved tenure finally came to an end after Bilkul Football WBA, a company ultimately owned by Florida-based entrepreneur Shilen Patel and his father Dr Kiran Patel, acquired an 87.8% shareholding in West Bromwich Albion Group Limited, the parent company of West Bromwich Albion Football Club. This change in ownership was urgently required, due to the numerous financial problems facing West Brom, including growing high-interest debt and serious cash flow concerns, following years of no investment from the former owner. Indeed, West Brom’s auditors had already rung the alarm bell in the 2021/22 accounts when they cast doubt on the club’s ability to continue as a going concern without making player s...

A poor financial record, but new hope at Everton

I recently saw an amusing video online in which a group of Everton fans were rebuked in jest for being hopeful.  Football fans in general tend to swing between excessive optimism and excessive pessimism, but for many it seems that moaning is in their bloodstream (Spurs fans probably take the trophy).  However, Everton fans have had plenty to moan about on and off the pitch.   Let’s hope that a new era is about to begin for this grand old club. Everton’s 2023/24 financial results covered a fairly momentous season, when they ended up 15th in the Premier League, though they would finished three places higher if they had not received an 8-point deduction for breaching the Premier League’s Profitability and Sustainability Regulations (PSR). It was a worrying time for Everton fans, as the club faced a “perfect storm” of issues, including large financial losses, an ever increasing debt burden, a challenging stadium build and the tortuous sale of the club. There were eve...