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Poch drops science on our financial reality

thebenjamin

Well-Known Member
Jul 1, 2008
12,268
38,972
His words outline the obvious truth of why we haven't signed anyone this window, and the truth of how it has to be going forward. There will be little money for new players the next few years.

Unfortunately it has a real chance to hamstring our momentum going forward if we cannot strengthen in the next couple of years, and leave us very open to losing key personnel as a result.

And as we have such a tight squad now, there aren't really obvious candidates for players to sell in order to raise money to buy, as we have done since the start of the NDP process.

I suppose all this does is reinforce how vital CL qualification is.

Anyway, fucking love Pochettino.

www.theguardian.com/football/2016/feb/04/mauricio-pochettino-tottenham-hotspur-tough-stadium-project

Mauricio Pochettino: Tottenham face tough period because of stadium project
‘Arsène Wenger said Arsenal’s toughest time was when they built stadium’

Tottenham’s manager, Mauricio Pochettino, says ‘you need to realise that to improve our squad today is a very difficult job’.

Mauricio Pochettino has said Tottenham Hotspur are in a “very tough period” because of their new stadium project – just as Arsenal were when they built the Emirates Stadium – as he sought to explain why the club did not sign the back-up striker that some supporters had wanted in January.
The manager knew the question about the lack of specialised cover for Harry Kane would come on Thursday and he had clearly given plenty of thought to his answer. During a five-minute monologue, which was without precedent from his time in English football, Pochettino went into great detail about the factors that had shaped the club’s recent approach to the transfer market .

They included the balance and harmony of the squad, which has helped to power the club to a surprise Premier League title challenge – and the imperative not to upset that – together with the importance of staying away from signings who were not a significant upgrade on what they already had, and might block the progress of young talent from the academy.
Pochettino talked more generally about the project he had signed up to in the summer of 2014 when he joined from Southampton and his words echoed those of the Spurs chairman, Daniel Levy, after the closure of last summer’s transfer window.
Back then, on 2 September, Levy had said that a policy of “pragmatic player trading has been important in the way we have run the business of the club and in getting us to the position where we have now been able to start work on a new stadium – the one thing that has the ability to take this club to the next level of competitiveness.”
Tottenham intend to move into the new stadium, which will be built adjacent to the existing White Hart Lane site, in time for the 2018-19 season . The estimated cost is £400m-£450m.
Pochettino said: “I have read a lot about Arsène Wenger saying the toughest period for Arsenal was in the period that they built their stadium and I think you need to know, and the people need to know, that this is a very tough period for us. We need to be careful because we need to arrive at the new stadium in very good condition to try to fight for everything, and try to show that we are one of the best clubs and teams in the world.”
Pragmatism has, indeed, been the watchword in the transfer market under Pochettino. He is £6.3m in credit over his four windows on permanent fees spent and he has tried to be smart and extremely specific in his dealings.
He would like to have signed an out-and-out striker last summer or in January but the deals for players that he wanted, such as Saido Berahino of West Bromwich Albion and Fulham’s Moussa Dembélé, could not be concluded.
Given that, Pochettino has preferred to work with the players he has, rather than spend for the sake of it, and save the money – which is available – for a signing that could truly make the difference.
“Our people need to understand that Tottenham changed their vision, not in terms of the football but in the way that we take decisions,” Pochettino said. “For us, it is very important to keep the balance and find the right player, not only the strikers but in different positions.
“You need to realise that to improve our squad today is a very difficult job. It’s easier to find different names on the market, to pay the money and to bring players but it’s not the way that we decided upon 18 months ago. It’s easier for me to say: ‘OK, we bring this and this, and this player but if we don’t believe that can improve our squad, why do it?”
Pochettino has long insisted that Son Heung-min and Nacer Chadli can provide cover up front for Kane while he namechecked two academy strikers – the 18-year-old Shayon Harrison and the 17-year-old Kaz Sterling – as players for whom he wanted to clear a pathway to the first team. As an aside, Tottenham sold Shaq Coulthirst, who had been their striker at under-21 level over the first half of the season, to Peterborough United on 22 January.
“We have many players that can play like a striker, like Sonny or Chadli, who have shown they can score,” Pochettino said. “And we have younger players that train with us like Shayon and, in behind him, Sterling and different players. We have to believe in the younger players because for our future they will be very important players.”
Pochettino highlighted Tottenham’s current position of strength with a nod towards their goal difference of plus-25 – the best in the league – and described his squad as having the “perfect balance”.
“If, at the end of the season, we achieve big things, OK, everyone is happy,” Pochettino continued. “But if not, I think we have created a very good basis to achieve next season. The project is very clear and we need to believe more when we have a difficult moment to take decisions.
“Our key is to be all together and to feel that. This is an important thing and a message for all of our supporters. The energy that we create and the synergy between our supporters and the team is very important for our future.”
 

thinktank

Hmmm...
Sep 28, 2004
45,893
68,893
Pochettino has preferred to work with the players he has, rather than spend for the sake of it, and save the money – which is available – for a signing that could truly make the difference.
 

JUSTINSIGNAL

Well-Known Member
Jul 10, 2008
16,010
48,631
Yeah I think available for a Dembele but not a berahino.

I think it is available for Beharino. What Poch os saying is we can't make any mistakes if we spend money as funds are limited - no point risking money on a player we're not sure about as it will affect are spending in further windows
 

Flashspur

Well-Known Member
Jul 28, 2012
6,883
9,069
I think we can make purchases if and when required. Yes money will be tight but not to the extent we are skint. Clearly he doesn't subscribe to the buying for the sake of buying mantra like some other clubs like Manure and Chelsea. Look at the mess they are in with bloated squads containing players their next manager may not want. Liverpool also have expensive players the Klopp fella isn't in favor of either.

I am happy with Poch's stance. Still concerned at the obvious lack of a Kane back up but lets trust the manager on this. Maybe Chadli, N'jie and Son are indeed the answer!
 

thfc1973

Active Member
Apr 29, 2015
565
1,192
Then WTF did we sign an unknown and goal-shy player in Clinton N'jie for £8.3 million who scores less goals than Chadli? If money really is tight and we are looking to get every bit as much value for what we pay then N'Jie isn't the kind of player I'd be looking to buy when in all honesty he doesn't strike me as a player who I'd be looking to, to bang them in , especially since he joined he's been neither goalscoring or even that useful as he's got injured too.

I wouldn't be surprised if N'Jie was a knee-jerk buy and gets sold on in the future, cos I am more optimistic about Son and Chadli helping out in the scoring dept than N'Jie to be honest.
 

Neon_Knight_

Well-Known Member
Jul 20, 2011
4,016
6,673
Then WTF did we sign an unknown and goal-shy player in Clinton N'jie for £8.3 million who scores less goals than Chadli? If money really is tight and we are looking to get every bit as much value for what we pay then N'Jie isn't the kind of player I'd be looking to buy when in all honesty he doesn't strike me as a player who I'd be looking to, to bang them in , especially since he joined he's been neither goalscoring or even that useful as he's got injured too.

I wouldn't be surprised if N'Jie was a knee-jerk buy and gets sold on in the future, cos I am more optimistic about Son and Chadli helping out in the scoring dept than N'Jie to be honest.


Goal-scoring and being useful are both generally quite tough for injured players. It's also quite difficult to preempt a freak medial ligament injury, when scouting players.

8 goals and 7 assists for Lyon last season. That's not too bad for a 21 year old who rarely started games.
 

thinktank

Hmmm...
Sep 28, 2004
45,893
68,893
Then WTF did we sign an unknown and goal-shy player in Clinton N'jie for £8.3 million who scores less goals than Chadli? If money really is tight and we are looking to get every bit as much value for what we pay then N'Jie isn't the kind of player I'd be looking to buy when in all honesty he doesn't strike me as a player who I'd be looking to, to bang them in , especially since he joined he's been neither goalscoring or even that useful as he's got injured too.

I wouldn't be surprised if N'Jie was a knee-jerk buy and gets sold on in the future, cos I am more optimistic about Son and Chadli helping out in the scoring dept than N'Jie to be honest.

No. He's gonna rock. just wait.
 

davidmatzdorf

Front Page Gadfly
Jun 7, 2004
18,106
45,030
This is a serious and seriously good article and really deserves to be on the front page. There haven't been many interviews that have permitted Pochettino to set out the full picture of his way of running our football affairs. This one comes close.

I wish all of the knee-jerk cliché-mongers who are living in a resentful, stereotyped version of the club from about 2008 would read this for breakfast, read this for lunch and read this for dinner.

I've been saying for a couple of years now that people get way too obsessed with transfer business. This interview confirms that transfers no longer represent the main way that Pochettino is building a team. You'd think people might have noticed that by now.
 

ERO

The artist f.k.a Steffen Freund - Mentalist ****
Jun 8, 2003
5,918
5,272
Tottenham in trying not to waste money, but has money for right players shocker.
 

whitesocks

The past means nothing. This is a message for life
Jan 16, 2014
4,652
5,738
He never tells us anything, so for him to come out with all this means he has something important to say.
But the message is encoded in PR.
 

Pellshek

Well-Known Member
Dec 30, 2015
2,535
7,337
I still don't really understand why the stadium finances can't be compartmentalised away from the day-to-day and transfer business of the club.

After all, NWHL is surely a distinct investment proposition, where return on investment is based on the viability of the income streams the project produces, and not on the current financial or sporting health of Spurs. So, it's about the 20,000 extra seats, the naming rights, the NFL contract, the Sky contract, and the potential in corporate & event income etc.

Those are very knowable numbers with, as far as I can see, very little downside risk short of PL football suddenly tanking in popularity, or Spurs playing outside the PL over multiple seasons. Those projections could probably even cope with THFC making a loss (which we don't do) because the other income appears solid enough to guarantee investments are rewarded.

So where does Spurs' day-to-day business over the next 10 or 20 years come into it?
 

Spursidol

Well-Known Member
Sep 15, 2007
12,636
15,834
Nothing has changed. We've spent money raised from sales for a few years now ie no net spend.

But over the last few years we've also had about 2 players a year come through from the academy - Rose, Mason, Bentaleb, Carroll and Kane are still in the squad whilst we've sold Townsend, Caulker and Livermore for very good money and quite a few others for smaller sums such as Veljkovic. Onomah is the process of establishing himself in the squad, Pritchard loaned to a PL side to regain fitness, Winks waiting in the wings whilst Poch has clearly signposted Carter-Vickers and Harrison are players he wants to bring through in the future.

So that's 2 new players coming into the squad each season who either stay there or are sold and another player bought in.

Yes the stadium will cap the amount we could spend on new purchases but there will be a fund available if we need it - but we just need to spend it carefully and non chase big names for the sake of it.

Good news is that Poch has shown that he's the first coach we've had for a few years who sees his main job as developing players at Spurs - the transformation of Dembele and Lamela from last season to this season has been spectacular for established players. And I'd suggest that the improvement in Rose in Poch's season was pretty good too, and It seems that all the new young players coming into the squad get some Poch hints on improvement.

So I can see the funds being made available for the only position we need to fill - another striker in the summer, possibly part funded by Townsend's sale and Fazio's impending sale, whilst the squad will be upgraded by the sale of existing players as we've done for a few years now.

The squad we currently have lies in 3rd position in PL so don't see the need for too many changes in the existing squad on top of the 2 Spurs youth players joining it each year which can't be funded from sales.
 

ERO

The artist f.k.a Steffen Freund - Mentalist ****
Jun 8, 2003
5,918
5,272
I still don't really understand why the stadium finances can't be compartmentalised away from the day-to-day and transfer business of the club.

After all, NWHL is surely a distinct investment proposition, where return on investment is based on the viability of the income streams the project produces, and not on the current financial or sporting health of Spurs. So, it's about the 20,000 extra seats, the naming rights, the NFL contract, the Sky contract, and the potential in corporate & event income etc.

Those are very knowable numbers with, as far as I can see, very little downside risk short of PL football suddenly tanking in popularity, or Spurs playing outside the PL over multiple seasons. Those projections could probably even cope with THFC making a loss (which we don't do) because the other income appears solid enough to guarantee investments are rewarded.

So where does Spurs' day-to-day business over the next 10 or 20 years come into it?
I think you are right on the money here. And Tottenham are not in the position the club in some way communicate to the fans. We're not really going about our business in any other way than we would have without the new stadium project. We have always had the funds available for the right players, and we will have that in the future. Heck, the new TV deals could nearly pay for the stadium on its own.

But we're professionally run from top to bottom. You'd be a fool to communicate to everyone that you've got money to burn. We have that money burn, but we're not gonna burn it for the sake of it. Every transfer window we're active, and we show willingness to spend money. We could've spent upwards of 20 mill on Berahino this summer, regardless of players going out. But we're run as a sustainable business, and we've been building stone for stone for several years. We're reaping the rewards for our investments at the moment, and will even more in the future.

We don't try to compete with the filthy rich, as that's another ball game, but we try to beat them by a clever, professional approach. And we are doing that very well. The money is there. The money has been there for the right players in the past, and the money will be there for the right players in the future. But under current management the money will not be there just for the sake of the money being there.
 

Spursidol

Well-Known Member
Sep 15, 2007
12,636
15,834
I still don't really understand why the stadium finances can't be compartmentalised away from the day-to-day and transfer business of the club.

After all, NWHL is surely a distinct investment proposition, where return on investment is based on the viability of the income streams the project produces, and not on the current financial or sporting health of Spurs. So, it's about the 20,000 extra seats, the naming rights, the NFL contract, the Sky contract, and the potential in corporate & event income etc.

Those are very knowable numbers with, as far as I can see, very little downside risk short of PL football suddenly tanking in popularity, or Spurs playing outside the PL over multiple seasons. Those projections could probably even cope with THFC making a loss (which we don't do) because the other income appears solid enough to guarantee investments are rewarded.

So where does Spurs' day-to-day business over the next 10 or 20 years come into it?

Ultimately there's only one pot of money to fund new player purchases, day to day operating costs and repaying any loans raised to finance the stadium (the latter being paid off over say 16 years).

Its no different in principle to people buying their first property - money is tight for a year or two before buying the property and then for the first couple of years after whilst people adjust to repaying the mortgage and their incomes increase (in this case increased stadium receipts).
 

ERO

The artist f.k.a Steffen Freund - Mentalist ****
Jun 8, 2003
5,918
5,272
Ultimately there's only one pot of money to fund new player purchases, day to day operating costs and repaying any loans raised to finance the stadium (the latter being paid off over say 16 years).

Its no different in principle to people buying their first property - money is tight for a year or two before buying the property and then for the first couple of years after whilst people adjust to repaying the mortgage and their incomes increase (in this case increased stadium receipts).
Except people can't secure their first property by the massive increase in money they will get from it.
 

Spursidol

Well-Known Member
Sep 15, 2007
12,636
15,834
Except people can't secure their first property by the massive increase in money they will get from it.

However the money from increased seat sales comes in after the stadium is built - so there's a cash flow lag.

In practice the banks are more interested in the contracted naming rights deal and other commercial income streams than seat sales which are less guaranteed. But both of course help to raise loans from banks to build the stadium - but its paying back the bank loans people sometimes forget about
 
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