Poch drops science on our financial reality

[yankspurs]

A signing that can make a difference, eh? Bring me Lacazette...

...or Bale

If we made 1 signing this summer and it was one of these 2, I would be ECSTATIC!

 

[voxy28]

Good that he made those statements bec we are going to low ball every deal...lol kidding.

From the looks of it, one young quality player each season is good for me. Someone like Embolo, Beradi etc will light up the PL and lift the fans will do.

COYS... We need to win the next game with whatever we have got.

 

[rocklink]

Is lacazette really that good?? Is he better than martial??

 

[Singaspur]

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

Or put it another way, when it's all done and dusted, the club will have a new 400-odd million asset on its books. How will it be paid for? ENIC could pay for it by investing that amount into the club. But i don't think they are going to. So all or most of the cost is going to be paid for from revenue - including increased gate revenue and naming rights etc. from the new stadium when it is finished - over the period of the bank loans.

 

[Gaz_Gammon]

The transfer junkies will not be happy.

I don't think it's a case of being a transfer junkie, but two things i picked up on in that interview.

If we have identified two players (Berahino and Dembele) then why did we not sign one of them given all the outgoings in the summer and during this window?

Poch states that he has plans for some of the youngsters coming through for the future, of the club. All well and good, but what about the present, and medium term future.

If the right kind of player(s) were identified, deadwood shifted and money available (Levy is supporting him) then why not buy one of them, especially if they have been identified as being able to add something to the squad either now or next Summer? Finally if Poch is happy with the current squad, why bother at all (from what i read) giving Dembele a medical, only to turn down the whole deal?

We appear to have wanted to strengthen, identified candidates, given one a medical, and then returned him to his club, then stated that we don't want anyone because we have the squad, and character within it?

Not trying to be antsy, just looking at what has been reported.

 

[tototoner]

I am happy that we have turned into a football club again and aren't a player trading exchange any more.

Not wasting money on squad fillers and only bringing in players that improve us makes perfect sense.

 

[Always Offside]

Did Fulham not want to sell Dembele' without a loan back deal ? It appears we will just get for free (nominal fee) in the summer if that was the case. Berahino was not bought because we weren't going to be held for ransom or we didn't want a disruptive player in our warm & fuzzy squad ? Speculation of course.

 

[BringBack_leGin]

Lloris Vorm
Walker Trippier
Alderweireld Carter-Vickers
Vertonghen Wimmer
Rose Davies
Dier Bentaleb
Dembele Mason Carroll
Lamela Son
Alli Onomah
Eriksen Chadli
Kane Njie

Every single first teamer there is very effective, having a season ranging from good to excellent and plays as Pochettino wants them to. Every single 'reserve' is either already effective and a realistic first choice (Son, Chadli, Mason, Davies, Mason) or is very talented and obviously has the attributes Pochettino likes to mould (technique, determination, energy, intelligence) with youth on their side.

We could perhaps do with another centre back and another centre forward option if someone absolutely right became available, but there's just no rush and won't be for years to come. Some might dismiss it, but Chadli and Son are both more than capable enough down the middle and better there than 75% of the specialist strikers elsewhere in the league, while Dier (of course), Davies and even Walker all have experience at centre back and the physical attributes to hold the first there if need be.

This is a squad that can only get better and is filled with players who follow our manager absolutely.

If we spent all of our player expenditure funds on renewing contracts for this lot each summer then that'd be fine by me. The oldest outfield players are Dembele and Vertonghen who shouldn't start declining for at least 3 years.

 

[nicdic]

Is it just me or do the opening post and the actual article make vastly differing points?

 

[onthetwo]

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?

Totally agree, the stadium will be mortgaged and part-funded when they sell the naming rights so it's a bit like saying we can't go to the pictures as often kids, as we've had to buy a new house!
Wage bill is under control, seasons ticket holders will presumably go up a lot at the new ground so we'll get the same wedge of cash every August from that and then there's the TV money which by all accounts is about to go through the roof!

 

[Everlasting Seconds]

I fully believe there is money for transfers, and if we do qualify for CL, we'll see that already in the summer.

 

[Dr Know]

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.

I think £8.3m is not a bad gamble on a player and some players take more time to adapt than others. he's also had injuries which no doubt hampered his development. Remember these players have come form a different league and more importantly a different style of paying. Poch has a style of coaching/playing that's very different to most managers in the league far less other leagues. Just look at some of the comments from the likes of Wimmer and Toby. I say give Clint more time to adapt and see how it goes before we write him off.

I think Poch has done really well in changing the mentality at Spurs, something we the fans.......well everyone has commented on in the past. This time 3 seasons ago I would be worried about us capitulating between now and the end of the season but I feel more positive about the team now than I have ever before

 

[Bobbyh99]

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?

Whilst I don't suppose we will be spending £30m on a player for a while, DL did say a while back that transfer cash etc will be ring fenced during the stadium build. So I would expect some transfers!

 

[spursfan77]

Over the last few years we've only really spent any money earner from player sales. Where's that money going to come from in the summer unless we have to sell players we don't want to sell?

It seems that all the new tv money is going towards the stadium. I do agree with this though, as it should mean we are ready to hit the ground running when we get in the thing. Unlike Arsenal who still had to be prudent even once it was built. We might not have as much to pay off.

It still doesn't hide from the fact we only have 1 first team striker at the club though does it?

 

[Archibald&Crooks]

Whilst I don't suppose we will be spending £30m on a player for a while, DL did say a while back that transfer cash etc will be ring fenced during the stadium build. So I would expect some transfers!

Yeah I thought he said something about the new stadium not affecting transfers.

 

[thebenjamin]

Yeah I thought he said something about the new stadium not affecting transfers.

He has gone back on that since though with the 'pragmatic approach to transfer dealing' line. Obviously the original thing about first team investment not being affected was bollocks though, yes.

 

[Archibald&Crooks]

He has gone back on that since though with the 'pragmatic approach to transfer dealing' line. Obviously the original thing about first team investment not being affected was bollocks though, yes.

Indeed. Its probably just me and my natural inclination to be suspicious of Levy, but everyone bangs on about how we do things now is brilliant, its how we should be doing it etc etc……..So how come it took him over ten bastard years to hit on it if he's the 'best chairman in the PL'?

Takes can of worms……..Opens it

Dont bite people i'm only kidding

 

[NEVILLEB]

Wasn't there a statement years ago that transfer funds would be independent from the stadium fees?

 

[Sp3akerboxxx]

Indeed. Its probably just me and my natural inclination to be suspicious of Levy, but everyone bangs on about how we do things now is brilliant, its how we should be doing it etc etc……..So how come it took him over ten bastard years to hit on it if he's the 'best chairman in the PL'?

Takes can of worms……..Opens it

Dont bite people i'm only kidding

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Tbh I think it would have been an awful thing for levy to declare to the world that we'll have no money for a while. I think it would make us more susceptible to people targetting our players, and also make is less desirable in terms of attracting players of they feel that there won't be much investment in the first team.

 

[Archibald&Crooks]

Wasn't there a statement years ago that transfer funds would be independent from the stadium fees?

Just a few short months ago according to this……... clicky