Harry Kane

[mrlilywhite]

You do realise we don’t have to pay it back immediately and it’s effectively zero interest? Also £175m isn’t actually a lot of money to our club in the grand scheme of things.

https://www.football.london/tottenham-hotspur-fc/news/tottenham-loan-bank-of-england-20587445 Looks like it needs to be paid back by next March at the latest and it's a 0.5% interest.

 

[mrlilywhite]

You assume that the £175m isn't just sat in a contingency account, so can potentially just be handed back.

There's the potential that new sponsorship could come in, and there's a load of NFL events this summer, too.

Remember that transfer fees are very rarely up front, and can be spread over several years. There's a good chance that we have a load of them ending - I think this is the 5th anniversary of Sissoko signing, so there's that £30m paid off (£6m/year over 5 years)

No, you are right - I assume that we have an outstanding loan that needs to be paid back & in full. I'm not in the habit of talking about what we might have done with the money, as there is nothing to suggest we haven't spent it.

 

[mrlilywhite]

How much are stadium naming rights worth?

Do we have a stadium naming rights deal then? How much it's worth in a financial crisis I wouldn't like to say - will there be any takers?

 

[sausage]

No, you are right - I assume that we have an outstanding loan that needs to be paid back & in full. I'm not in the habit of talking about what we might have done with the money, as there is nothing to suggest we haven't spent it.

Why are you treating it as a liability then? If you were making no assumptions, you'd simply disregard it.

 

[SpartanSpur]

It's also about finances. We've had an empty stadium for a year, I doubt many clubs have money to buy our deadwood. Can we afford to "overhaul the squad"?

It'd have to be backed by the owners, even if the plan was to have any funds introduced repaid in future seasons when the coffers are healthier.

Optimistic I know but if we want to truly compete that's what is needed. You won't luck out with another Harry Kane so it's time to stick or twist.

 

[tooey]

A player is worth what somebody is willing to pay. If he is adamant he wants to go this summer then given his age, his injury record and the current financial climate we aren't going to get the money that's being banded about in here. If he goes and we recruit poorly, as we so often do, we're in for a rocky season. I feel sorry for whoever the new manager is, that is a squad full of poor attitudes and poor quality. I'd be cheesed off and want to leave if I had to play with some of that dross.

 

[0-Tibsy-0]

A player is worth what somebody is willing to pay. If he is adamant he wants to go this summer then given his age, his injury record and the current financial climate we aren't going to get the money that's being banded about in here. If he goes and we recruit poorly, as we so often do, we're in for a rocky season. I feel sorry for whoever the new manager is, that is a squad full of poor attitudes and poor quality. I'd be cheesed off and want to leave if I had to play with some of that dross.

well, given the length of his contract - he’s actually worth what we value him at.

 

[swarvsta]

https://www.football.london/tottenham-hotspur-fc/news/tottenham-loan-bank-of-england-20587445 Looks like it needs to be paid back by next March at the latest and it's a 0.5% interest.

Sorry I wasn’t being clear. I know the company I work for also took out the same type of loan, but only £40million. We have already been informed we can roll this indefinitely depending on certain considerations. Spurs will easily do the same, or if not will roll it into other longer term financial products. It won’t have as much as an immediate impact as Ally Gold implies in that article.

 

[mrlilywhite]

Sorry I wasn’t being clear. I know the company I work for also took out the same type of loan, but only £40million. We have already been informed we can roll this indefinitely depending on certain considerations. Spurs will easily do the same, or if not will roll it into other longer term financial products. It won’t have as much as an immediate impact as Ally Gold implies in that article.

Oh fair enough - from what I was reading was that it had to be paid back straight away March 2022. Thanks for clearing that up

 

[SecretLemonadeDrinker]

Why are you treating it as a liability then? If you were making no assumptions, you'd simply disregard it.

To be fair, it is a liability. The fact that we might have a cash balance to cover it doesn’t make it any less so.

However, quite apart from any cash balance that we might have, mrlilywhite is overlooking the most obvious solution which is that, when the BoE loan is eventually due to be repaid, we won’t have to pay it from existing funds. My guess is that, short of a large chunk of equity finance riding to the rescue, we will simply refinance the BoE loan. The interest rate won’t be nearly as favourable, of course, but it still shouldn’t cost us more than £5m per annum to service.

And if the stadium soon resumes operating at full capacity, that will be easily manageable.

 

[swarvsta]

Oh fair enough - from what I was reading was that it had to be paid back straight away March 2022. Thanks for clearing that up

Well yeah, that would be totally unfeasible in the current climate! The government (or more so taxpayers) are going to lose billions in unrecompensed loans.

 

[JCRD]

Where do you think the money to spend big will come from if Kane stays? Next March we have a £175m loan to pay back to the BoE. The only way we spend anything if we keep Kane is if Joe puts his hand in his pocket & we have more chance of me shitting Gold than we have of Joe/ENIC dropping some big money back into the club.

You essentially spend the Kane money. If we succeed then we get CL money the season after next and if we dont succeed we sell Kane to cover the spend. I guess thats how you would play it. Is it a risk? damn straight it is but also a risk if we dont really improve next season

 

[tooey]

well, given the length of his contract - he’s actually worth what we value him at.

Not if he decides he wants to go at all costs. You don't let a 100m asset and a great servant of the club rot in the youth team. Why would you want a player (or asset if you're DL) at the club who desperately wants to leave depreciate in value.

 

[SecretLemonadeDrinker]

A player is worth what somebody is willing to pay
. If he is adamant he wants to go this summer then given his age, his injury record and the current financial climate we aren't going to get the money that's being banded about in here. If he goes and we recruit poorly, as we so often do, we're in for a rocky season. I feel sorry for whoever the new manager is, that is a squad full of poor attitudes and poor quality. I'd be cheesed off and want to leave if I had to play with some of that dross.

A player is equally worth what the club that holds his registration is willing to accept.

And if Levy refuses to accept any less than £150, then that will be the price that any suitor will have to pay.

 

[C0YS]

A player is equally worth what the club that holds his registration is willing to accept.

And if Levy refuses to accept any less than £150, then that will be the price that any suitor will have to pay.

Wow 150 pounds. I knew that CoVId was going to have an effect on player valuation, but I didn’t expect it to collapse to that extent!

 

[SecretLemonadeDrinker]

Not if he decides he wants to go at all costs. You don't let a 100m asset and a great servant of the club rot in the youth team. Why would you want a player (or asset if you're DL) at the club who desperately wants to leave depreciate in value.

Modric.

Wanted to join Chelsea. Levy didn’t let him. So he knuckled down and had a brilliant season. And went to Real Madrid the following summer. Good result all round.

I’m 99.99% confident that Harry would show the exact same professionalism. Would be totally out of character for him to down tools. He is far too aware of protecting his good image and far too focused on breaking goal scoring records.

 

[C0YS]

In my head he is 120m. That is my assumption. 120m in this market will be a lot to play around with, the exception being if we go for another highly valued asset, say Lukaku or Grealish which will both be probably around 80m is my guess.

the fee has to be big enough to give us flexibility in signing a few players the major advantage of selling now is this is a buyers market. If he stays it might have some I’ll effect, but I don’t think it’ll be that dramatic, it is likely however he will depreciate in value and will leave eventually. But this window we hold pretty good set of cards, particularly as there appears to be competition we can play off, even if we are only actually interested in selling to one or two parties.

 

[sausage]

Shearer looked severely wounded that Kane had equalled his Golden Boot record

 

[SlotBadger]

Shearer looked severely wounded that Kane had equalled his Golden Boot record

I like Lineker jabbing Shearer with stats about Kane, and he seemed to enjoy letting him know.

Shearer’s dejected acceptance was amusing.

 

[fishhhandaricecake]

Would love us to sign Grealish, Ings and Toney/Daka. Think that would be a superb way to replace the creativity and goals. Sadly Grealish is unlikely to come so we may have to go for Olise, which would still be great.

Think I’ve said before we need you to replace Hitchen