tony0379
The bald midget has to go!
- May 17, 2004
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- 41,707
Or 9 N'Koudous
Financials 17/18
- Thread starter coys200
- Start date
parj
NDombelly ate all the pies
- Jul 27, 2003
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Champions League at time of signing any deal is vital. If we are not on CL the price will drop by at least 33% cos the prestige is PL and CL.
The other impact will be players, if Spurs don't invest and we lose Toby and Eriksen, then that's a potential slide down the table.
All companies sponsoring will be looking at the trajectory for next 3 years. The existing sponsors saw us comfortably in 3rd and in Feb our stock would have been high being 3pts off top. The further from top and CL we are, the more sponsors will look for a lower value deal that will increase in value as the club performs better. For me right now Levy would get 90% of realistic desired value. 100% would be securing 3rd.
It's all about showing we are a premium brand and will be so for next 10 years. 5 wins at home will be absolutely huge for Levy.
As at 30/6/18 we had loans outstanding of 460 million all repayable within 5 years . It also states that since then we have increased this by another 221 million. It doesnt say what period this additional is repayable over.
On the original 460 we will have to pay this at over 90 million a year plus interest as our operating profit was 113 million and will be significantly lower this year if any due to the additional costs of renting Wembley, and taking into account repayments on the 221 million, unless there is a significant cash injection from somewhere we will not have much left if any for significant purchases over and above funds received from player sale.
On the original 460 we will have to pay this at over 90 million a year plus interest as our operating profit was 113 million and will be significantly lower this year if any due to the additional costs of renting Wembley, and taking into account repayments on the 221 million, unless there is a significant cash injection from somewhere we will not have much left if any for significant purchases over and above funds received from player sale.
Lilbaz
Just call me Baz
- Apr 1, 2005
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Very good break down.
https://cartilagefreecaptain.sbnati...ncial-report-matches-its-new-state-of-the-art
https://cartilagefreecaptain.sbnati...ncial-report-matches-its-new-state-of-the-art
Lilbaz
Just call me Baz
- Apr 1, 2005
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We will refinance the loans but at the moment they are meant to be paid off by 2022.
Absolutely correct, but refinancing depends on ability to repay.
If we dont make CL over the who;e of this period then crowd levels and TV income will fall significantly and refinancing becomes tougher and harsher.
It is vital that this summer we make major team investments to ensure that this doesnt happen.
Graysonti
Well-Known Member
- May 8, 2011
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They are short term bridging loans - when they say paid off, they mean refinanced - normally this is to other loan term structured loans at a choice of the club. They don’t mean we have to pay them all off - these short term loans will probably be interest only with capital repayment options.
Lilbaz
Just call me Baz
- Apr 1, 2005
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As i said they will be refinanced. Just going by the article above.
At the time of reporting, Spurs had taken £537m in financing for the stadium from a consortium of banks, drawing £445m of it. However, it should be noted after the reporting period, Spurs obtained a further £100m in financing, bringing the total debt to £637m, which is currently due to be paid in 2022.
skiba
Well-Known Member
- Jul 22, 2006
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Exactly. Looking at the historical cash flow, the cash spent on fixed assets to June 2018 since Poch took over in 2014 is around £830m. £450m of this is through borrowing so £380m has come from our own pockets during this time. If we were to achieve the same on field success over the next 4 years (qualify for the champions league twice) we could effectively give Poch a further £380m to invest in players without giving him a single penny of the extra revenues generated from the new stadium.
This is the point many pundits and even some fans have been ignoring. The way we have been operating these last four years is not comparable to any other club and was only ever going to be temporary as we navigated our way through the construction phases of the stadium and training ground. We have been shackled to the tune of £380m during this period but now the training ground and stadium are complete and fully funded the shackles can now be removed.
Poch has done absolute wonders to have us competing where we have during this period and I imagine this why he gets so frustrated when the media compare us to our rivals.
Lilbaz
Just call me Baz
- Apr 1, 2005
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the net spend on players would not be affected from daniel levy's own lips last month. I wouldn't expect us to start splashing the cash just yet.
am_yisrael_chai
Well-Known Member
- Feb 18, 2006
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Sorry to be a bore but crowd levels won't fall in a precipitous way because roughly 2/3 of ticket revenues come from the premium seats / boxes and they are on 3 - 10 year contracts.
am_yisrael_chai
Well-Known Member
- Feb 18, 2006
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At what point exactly do you expect us to "start splashing the cash" ? Genuinely interested not seeking confrontation. Thanks
Graysonti
Well-Known Member
- May 8, 2011
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carmeldevil
Well-Known Member
- May 15, 2018
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Midnight July 1, 2019
- Thread starter
- #77
The perception of clubs spending is very different to the reality. We could easily flog a load of dead wood that would largely go unnoticed and raise £50-75m. Even if flog eriksen and Toby bring in £150m and spend that peoples perception will be totally different even if the net spend is still zero.
BehindEnemyLines
Twisting a Melon with the Rev. Black Grape
- Apr 13, 2006
- 4,654
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I wonder whether JL might look at taking a further step back and pay off the remaining stadium debt through some equity finance structure. Especially if he could manage a placing with a suitable partner company in the USA.
worcestersauce
"I'm no optimist I'm just a prisoner of hope
- Jan 23, 2006
- 26,996
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Just a negotiating ploy as we don't want to drive up prices, he didn't say player net spend neither so I intend to wear my optimistic hat.
am_yisrael_chai
Well-Known Member
- Feb 18, 2006
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Amen brother, don't hold your breath though.
