Blackpool's financial accounts for the period up to June 30, 2021

poolseasider said:
As I said on another thread about rewarding fans a simple paid for membership scheme and locals wouldn't have to pay Cat A prices.
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But yet despite clever people running the club this wasn't implemented or seemingly considered, so tells me they aren't just doing it to hit big away followings but also pool fans.

It's a strategy I dont agree with.

I want the club to make as much as possible but not at the cost of limiting crowds and making big games less appealing.

The daft thing is we can have more paying less for similar amounts of income generated.

As said too the potential lift on the pitch could be invaluable and also the more through the door regularly the bigger the hardcore fanbase will become.

The membership system works but what is doesn't help with compared to just a cheaper price or deal is new fans. They aren't likely to sign up for a membership for their first game or a now and then casual.

Pricing is an area I'd expect the club to be smarter in, clubs like Morecambe did a scheme where the more who went the cheaper the price.

Not saying to do that but given the areas wealth, issues we've had with losing a generation and the boycott, for me we have to try and attract old and new fans back. Success on the pitch is a massive factor but other factors like price also open up the door for people on less.

Some scoff at these discussions on here and say its only 4 pound or this or that.

But remember how marketing and people's minds work, the old 1.99 trick rather than 2 pound. Price has a big psychological effect.

Imagine the marketing opportunities too if the club were plastering everywhere, THE CHEAPEST TICKET IN THE CHAMPIONSHIP (or maybe Lancashire) for eg, or promoting great deals.

It creates its own feelgood factor.

With the season likely to soon be not a load to play for, hopefully not but could be that way, it would be an ideal time to test this theory and shut people like me up.

For a game, a big game like Forest or whoever, try the lower price, or do a deal, open up the east to home fans.

Then we'd see how much price does have an effect. Obviously the east situation as is limits that but I think people will be surprised just how much price is a factor.

All we have so far i think is the QPR game, that was 20 live on sky and we lost no fans. So to me given many exiles probably won't have made the journey, that tells me we probably gained a couple hundred extra local fans. Some locals may have watched on TV too, who were then replaced by others enticed by a lower price.

We really should see just how many we can attract with a low price or deal, it would be great data and info for the club and give them a real idea of what's possible.
 
I see BFC Holdings accounts are now out. Sadler lent a further £4m in the year to 30.06.21 increasing his total loan to £16m (approx £10m of which would have been to buy BFC.)
 
voyeur said:
He bought the club with a loan to the club?
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No, he bought the club with his own money. Since buying the club he has poured at least £9m in to keep it afloat whilst also making huge strides forward with the infrastructure. In 15/20 years time when he decides thats enough do you think he will recoup all of his investment?
 
BISONS said:
No, he bought the club with his own money. Since buying the club he has poured at least £9m in to keep it afloat whilst also making huge strides forward with the infrastructure. In 15/20 years time when he decides thats enough do you think he will recoup all of his investment?
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I've no idea tbh. Just asking.
 
voyeur said:
I've no idea tbh. Just asking.
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I’m no accountant, but looking at the accounts he lent £12m to BFC Holdings Ltd in 2019/20 which then purchased the goodwill and tangible assets of the football club from the liquidators for approx £10m. So technically BFC Holdings still owes this money to SS plus a further £4m borrowed in 20/21.
 
L’étranger said:
I’m no accountant, but looking at the accounts he lent £12m to BFC Holdings Ltd in 2019/20 which then purchased the goodwill and tangible assets of the football club from the liquidators for approx £10m. So technically BFC Holdings still owes this money to SS plus a further £4m borrowed in 20/21.
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Is that normal? I'm not up on the accounts side, but if you buy something, seems unusual for the thing you're buying to still owe you money for buying it.

How's that work?

Why not just buy from the liquidators?

I haven't bought a football club in a while so maybe I'm a little rusty.
 
JJpool said:
Is that normal? I'm not up on the accounts side, but if you buy something, seems unusual for the thing you're buying to still owe you money for buying it.

How's that work?

Why not just buy from the liquidators?

I haven't bought a football club in a while so maybe I'm a little rusty.
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This is my take on it, as I say I’m not an accountant or lawyer, it’s just what I’ve picked up from previous businesses I’ve been involved in:
Sadler lent money to a new company (owned by himself) BFC Holdings, and BFC Holdings bought the ground, hotel and goodwill from the liquidator. So BFC Holdings owes Sadler the initial £10m to purchase the assets plus a further £6m that he has subsequently introduced.
 
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L’étranger said:
This is my take on it, as I say I’m not an accountant or lawyer, it’s just what I’ve picked up from previous businesses I’ve been involved in:
Sadler lent money to a new company (owned by himself) BFC Holdings, and BFC Holdings bought the ground, hotel and goodwill from the liquidator. So BFC Holdings owes Sadler the initial £10m to purchase the assets plus a further £6m that he has subsequently introduced.
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Ahh ok. Interesting answers... yes saw both ha. 😬
 
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