Steve Gibson “pumps in £1m a month to keep the club afloat”

InglebyUTB

InglebyUTB

Well-known member
Is this one of this one of those things that has just been repeated so many times that it’s accepted as fact?

At the match yesterday people really had a hard time believing that this wasn’t the case.
 
Borocrazy said:
An article in the gazette suggested it was more than £1m a month
www.gazettelive.co.uk

Football finance expert spells out just how generous Steve Gibson is

Liverpool University's Kieran Maguire discussed Steve Gibson's generosity to Middlesbrough in a recent podcast
www.gazettelive.co.uk www.gazettelive.co.uk
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Gazette just write what the club tell them to though.

I’m not suggesting Gibson doesn’t put a lot of money in, I’m sure he does. You won’t however get an independent view from the Gazette.

Northern Echo seem a bit more critical these days, they’ll likely be banned now.
 
Writing it off or not is likely to be academic, there may well be tax reasons for not writing it off

The bottom line, is that he keeps the club afloat and is unlikely to get any of his money back, when Bolton’s Eddie Davies cut connections and support to wanderers the club nearly went to the wall. They are now and have been in league one for a number of years.

Steve Gibson is not perfect, but the football club needs him and people need to be careful in what they wish for.
 
Angus said:
Writing it off or not is likely to be academic, there may well be tax reasons for not writing it off

The bottom line, is that he keeps the club afloat and is unlikely to get any of his money back, when Bolton’s Eddie Davies cut connections and support to wanderers the club nearly went to the wall. They are now and have been in league one for a number of years.

Steve Gibson is not perfect, but the football club needs him and people need to be careful in what they wish for.
Click to expand...
I said this elsewhere and got slated for it. At the end of the day we aren’t a Liverpool or city that isn’t Gibson’s fault. That we aren’t a Darlo or Pools is to his credit. I don’t think we can complain about the chairman’s commitment or the money he pumps into the club. The questions to ask are around whether the management make the the best decisions on the spending of it.
 
it must be Mel Gibson covering the £12-15Million a season loss, then.

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the mad max of football ownership, blindly spending money on other people's interests & seeking no credit, indeed presenting it as others philanthropy - just for the craic.

the absolute Rectal Prolapse of some so called 'boro fans' is a sight to behold, thank thy god that we are not reliant on such characters for anything other than a daft one liner or a crocodile tear of bile over a football defeat​
 
InglebyUTB said:
Is this one of this one of those things that has just been repeated so many times that it’s accepted as fact?

At the match yesterday people really had a hard time believing that this wasn’t the case.
Click to expand...
He’s put hundreds of millions into this football club, he’s propped it up for years now and continues to do so, he’s also said he won’t ask for it back as the above article states. It baffles me why supporters try to discredit him at every turn.
 
Ingleby_Flash said:
I said this elsewhere and got slated for it. At the end of the day we aren’t a Liverpool or city that isn’t Gibson’s fault. That we aren’t a Darlo or Pools is to his credit. I don’t think we can complain about the chairman’s commitment or the money he pumps into the club. The questions to ask are around whether the management make the the best decisions on the spending of it.
Click to expand...
The club has never been a Darlo or a Pools though to be fair.

Let’s be honest since the money ran out in the mid-00s we’ve not even been what we used to be (a yoyo team). One crack at the PL which went disastrously wrong.

I am fearful of what would happen without Gibson, but I also don’t think we will progress again with his ownership, the ship has sailed, we’re just treading water now. And we need to be apprehensive about how long that will last too.
 
The club survives on the back of capital undertakings given by the Gibson O'Neill group that are roughly increasing by around £1m per month.

Some people like to point out that it's technically not the same as Steve going to an ATM, withdrawing £1m and handing it to Bauser, and the personal cost to Gibson is far less. Doesn't change the fact that it's £1m a month that we'd need to get from elsewhere, or it's £1m a month that Gibson could commit to something else.

Plenty of things to criticise Gibson for, but nit-picking about how much he's lost on us seems daft to me.

I do wonder what Michael O'Neill thinks of it all though. "These Bulkhaul overheads look a little high, Steve".
 
Alex-The-Kid said:
He’s put hundreds of millions into this football club, he’s propped it up for years now and continues to do so, he’s also said he won’t ask for it back as the above article states. It baffles me why supporters try to discredit him at every turn.
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Think a lot of it is the Football Manager / Premiersh*t / FIFA generation thinking running a football club is a piece of p*ss - winning the CL with Hartlepool is an everyday achievement.
Reality is obviously a lot different, and the implementation of FFP has left clubs like Boro behind. We can't compete otherwise we breach spending regs.

Sell out to a billionaire foreign owner? Not for me. Always been something about a local lad saving and owning/running the club. One of our own (which a lot of fans don't like). We are stable and well run (although others will disagree). We're a club where very few fans outside Teesside support us. We're still real.

Gibson isn't perfect, has made huge mistakes and this current period is probably his worst (most damaging) era. Massive few weeks in his tenure coming up......be nice for him to come out of hiding and be there when the new manager is unveiled.
 
We are losing due to poor decisions going back years. Brighton, Crystal Palace, Forest etc seem to do well & communicate with the fans.
 
h_m_boro said:
Think a lot of it is the Football Manager / Premiersh*t / FIFA generation thinking running a football club is a piece of p*ss - winning the CL with Hartlepool is an everyday achievement.
Reality is obviously a lot different, and the implementation of FFP has left clubs like Boro behind. We can't compete otherwise we breach spending regs.

Sell out to a billionaire foreign owner? Not for me. Always been something about a local lad saving and owning/running the club. One of our own (which a lot of fans don't like). We are stable and well run (although others will disagree). We're a club where very few fans outside Teesside support us. We're still real.

Gibson isn't perfect, has made huge mistakes and this current period is probably his worst (most damaging) era. Massive few weeks in his tenure coming up......be nice for him to come out of hiding and be there when the new manager is unveiled.
Click to expand...
Well run club? Have a day off

6 years ago we were a premier league club, we are now sat in the championship relegation zone clearly skint and struggling to find a manager.

Can you give me one example of a good decision Gibson has made in the last 6 years

FFP hasn’t stopped us at all, it certainly hasn’t stopped numerous historically smaller clubs from overtaking us in the last decade
 
MFCJ said:
We are losing due to poor decisions going back years. Brighton, Crystal Palace, Forest etc seem to do well & communicate with the fans.
Click to expand...

The first two are fair enough, but Forest are a terribly run club.

There's nothing anybody should want to emulate from them.

They struck gold with a manager and he got them promoted, they're a shambles behind the scenes.
 
Angus said:
Writing it off or not is likely to be academic, there may well be tax reasons for not writing it off

The bottom line, is that he keeps the club afloat and is unlikely to get any of his money back, when Bolton’s Eddie Davies cut connections and support to wanderers the club nearly went to the wall. They are now and have been in league one for a number of years.

Steve Gibson is not perfect, but the football club needs him and people need to be careful in what they wish for.
Click to expand...

Genuinely - why do we need him?

We ’need’ a football club.
Whatever happens there will always be a local team in Middlesbrough to support.
It may not be as well funded, it may not even be in the championship but… there will be a local team for the community to get behind….. if they so wish.

Lots of supporters get behind their clubs without a ‘Gibson’
 
JM14 said:
Well run club? Have a day off

6 years ago we were a premier league club, we are now sat in the championship relegation zone clearly skint and struggling to find a manager.

Can you give me one example of a good decision Gibson has made in the last 6 years

FFP hasn’t stopped us at all, it certainly hasn’t stopped numerous historically smaller clubs from overtaking us in the last decade
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Sacking woodgate, hiring warnock and then wilder. We were all over the moon with these decisions but unfortunately it doesn’t always work out.
 
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