The Summer Transfer Window POST MORTEM THREAD

wrd

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Yeah I'm not doing anything like that, I made my post and you clearly didn't read it not that you have to but don't broadly assume my position on things with the "you lot" comments if you cba read it. Enjoy continuing to be condescending though.
 
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Pal, I don't need your condolences, I'm extremely happy with my life and memory. God, I even remember the years of Christian Gross. In a few years when you grow up and experience more of life you will soon see how rosy those rose tinted glasses really were.

The only way Poch would not be envious of Liverpool's window is if he was not a winner. They have gone out and shown great ambition and as a consequence made life more difficult for themselves as it will raise expectations. Hats off to them.
I don’t care if you need my condolences, you have then, you have my pity and you have my remorse. I would hate to have such a pessimistic mindset, that would have held me back in everything I’ve done in my life and amplified my failures. As for ‘when I grow up’, thankfully my ability to look beyond the end of my angry little shnoz is symptomatic of having ‘grown up’. You, however, are behaving as I might have as a hormonal teenager some two decades ago.
 

Metalhead

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Apart from Grealish I don't have an issue per se with us not spending simply because there were clearly issues with shifting players out (could debate whether we want too much for the players but whatever...) and there seemed to be a lack of targets in our price range that wouldn't have just been squad players rather than genuine quality but I feel like the whole 'youth is the best policy' is kind of spin to make it look like it was always the plan rather than something that we will have to do because the window went tits up but that's just my perception.
 
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After letting it all cool off, I’m not so much angry as I am dissapointed. The whole thing is really interesting, as it’s never been done before in football. Similarly, you rarely see teams remain the same in professional sports, year-to-year. The only dissapointment is that our squad wasn’t strong enough to compete with City for a title challenge last year, and barring some damn good development this year, and utlilizing the team’s unity, I don’t see it as good enough still. That said, I’m hoping we can still hold out on top 4. COYS.
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At least some people are capable of criticism without descending into a fit of hysteria. I applaud you American.
 
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I like reading how our business is affected by the cost of us building a stadium went up to £1bn, when in fact that £1bn includes those apartments and the hotel etc. Makes me feel great that possible frugality is in essence due to us paying to build something that has nothing to do with Tottenham Hotspur Football Club.
 
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Just look at Athletico Madrid transfer operations vs Spurs.... that’s how a top 3 club operates in the transfer window. Levy is still stuck in 5 season ago. Utterly shit window, can’t even pull of Grealish says so much about Spurs. Disgraceful.
Weren’t they under FFP last year, brought 0 players in. And still won more than the year before that?
 
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Thanks for posting. A good article and a reasonable person even if I disagree with him on some points.

I will take issue with one point because the quote at the start alluded to it and he develops the point later.

It is the argument that the market has moved on and levy is using old school tactics in a new school environment. He should stop looking for perceived value in the market and pay what is necessary to get players.

I’ll address the points in reverse order and point out that I do not have an economics or business background.

The market is set by buying teams and sellings teams. The argument seems to assume that only selling teams set the price in a market. They don’t.

If Man Utd want £90m for Martial, that does not mean that the price set for Martial by the market is £90m. He only becomes worth that much if someone PAYS that money. Otherwise Man Utd have (wilfully in this case) got their valuation wrong.

If it were the case that we were being beaten to our key targets (Martial, Zaha...) by teams who were offering the sums demanded, then you could begin to make the argument that we are not paying market rates.

Even that might not be true because any one interaction is deeply contextual (based on things like cash-flow or the desperation of the buying club!).

Perhaps we think that sure, no one happened to buy Martial and Zaha for those inflated prices, but other clubs bought similar players for similar prices. Kind of substitute goods were available for similar prices so Man Utd and Crystal Palace got their valuations right.

I don’t see any evidence of that. What we do have right now is one huge payment and it’s aftershock rippling through the European transfer market - PSG buying Neymar from one of footballs richest clubs for £200m. That allows Barcelona to pass on well over £100m to Liverpool for coutinho and €100m for dembele.

These prices only made sense to PSG and Barcelona because for footballing reasons and for reasons of reputation, they really wanted to buy in a forward from clubs who weren’t willing to sell.

That does not mean that those reasons apply to every other club. They don’t. And it explains Liverpool’s big spend. Subtract 120m if coutinho money from their summer spending and their investment is more modest.

So is Levy being ignorant of the market?

No he isn’t. He is gambling that the Neymar effect is temporary and that, just as overall spending fell this summer, the price of players will normalise a little over the coming years too.

People will argue that TV money should mean we can spend like crazy. There are reasons to be cautious. First, tv companies are recognizing that they have overpaid for rights and the new deal will not be as profitable for clubs as the previous one. Second, tv money makes up over 60% of our revenue but less than half of the revenue of the rest of the top 6. That makes us more sensitive to any future changes, but also means the tv money has to go further for us than anyone else... such as paying Kane over £50m over the next 5 years..

Note also that our total revenue is far less than the rest of the top 6 and our debt has grown massively.

This is already very long so I will conclude now...

FINAL COMMENTS

Levy can shrug his shoulders and admit that things have changed for good...or act cautiously to see if this Neymar bubble continues. I suspect it won’t.

Poch clearly has a strategy of buying only for the first XI now. We’ve seen that this sector does not represent value right now with selling clubs opportunistically hoping the Neymar bubble is forever.

See also:
- Nobody on this forum - itk included - has an accurate insight into Levy’s specific MO this summer.
- Brexit has added huge cost to our stadium project. Levy has responded well to this evolving challenge so it is blunt beyond measure to suggest he is not aware of the changing transfer conditions or unable to respond to them.


That’s enough Mr West, no more today...



Edit: interesting that Woodward, at the worlds richest club, also thought there was little value in the market. https://www.theguardian.com/footbal...united-veto-jose-mourinho-wishlist-cash-fears

NOTE the comment near the end about Everton spending on Mina’s agent fees that even Man Utd baulked at. Man Utd are worried about the distorting effect of agents fees and it is hard to believe they are anything but parasitic. I’m glad some clubs are taking a stand ..
 
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But if that's the case Flash, the Club needs to be honest and tell us. Instead this is the communique we (via the THST) received:
The Club engaged Rothschild to secure the funding for the new stadium.
The Club announced on 31 May 2017 the completion of the bank debt financing for the new stadium with a consortium of banks involving Bank of America Merrill Lynch International Limited, Goldman Sachs Bank USA and HSBC Bank plc.
Matthew Collecott, director of finance and operations at Tottenham, assured us: "This is not going to touch the football, these are very separate budgets."
There are other possible reasons beyond the stadium project for not spending. These reasons are in the public domain.

Collecotts statement could be correct.
 
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I like reading how our business is affected by the cost of us building a stadium went up to £1bn, when in fact that £1bn includes those apartments and the hotel etc. Makes me feel great that possible frugality is in essence due to us paying to build something that has nothing to do with Tottenham Hotspur Football Club.
It’s irrelevant anyway. Levy told the supporter’s trust that there was money set side for transfers that was not impacted by the various building projects.
 
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It’s irrelevant anyway. Levy told the supporter’s trust that there was money set side for transfers that was not impacted by the various building projects.
Did he say set aside or did he say the building projects wouldn't affect transfers? Cos there's a big difference, one is clearly a lie the other is pretty much what has been occurring.
 
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Barça won't bid for Eriksen. Levy wouldn't even respond to a 75m bid.
Okay so change the value to £100M, why wouldn't Barca bid for him at that price?

Next summer he's going to have one year left on his current deal and his value will plummet to the tune of a couple of million per week. If he makes it clear he won't sign a new deal based off Levy's calamitous idea of what backing a manager in this window looks like, which is perfectly plausible and understandable for a player of his calibre, then Levy would likely cash in while there's still some re-sale value.

Given that profit on players is the only thing Levy seems to regard as credible or real, I see no reason to believe he wouldn't accept.
 

LexingtonSpurs

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Barça won't bid, because they know Spurs won't sell. (And, because there is no value in trying to buy a key asset from a team that won't sell.)

And, despite some doomsayers, Levy is not selling Eriksen in August under any conditions.
 
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