After receiving an Honorary Doctor of Science from the University of Brighton, the Seagulls Chairman told graduates: “As a businessman, particularly one known to have a strong focus on research and data, I am often asked whether my purchase of Brighton & Hove Albion was a case of my heart ruling my head.”
He said he was faced with a stark choice – to take over the club, finance the building of the “wonderful” Amex stadium and to cover the operating losses, or “the club would be no more”.
“And when I looked at it in those terms it was an easy decision for me to make. Was it an emotional or a business decision? The truth is, I knew exactly what I was getting myself into. But if it wasn’t for the emotion of Brighton & Hove Albion being my lifelong football club I would not have considered it.”
There was a cry of “Seagulls” from the audience as Mr Bloom received his Doctorate during graduation ceremonies at the Brighton Centre today (3 August). The award was in recognition of his impact on the community and major contribution to business in the city of Brighton and Hove.
In addition to Mr Bloom’s financing of the Albion he has made a number of investments, providing seed capital to start-up businesses in several sectors.
He is Chair of the Bloom Foundation, his family charitable foundation. Alongside other activities, the foundation supports community and educational initiatives in the Brighton area. He is also a trustee of the charity Overcoming Multiple Sclerosis.