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whitestreak

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Dec 8, 2006
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Having a dispute is one thing killing people is something else
A possible explanation for the reason why "Jews are high achievers and there are many rich and powerful Jewish people in the world massively disproportionate to their numbers" is actually that there have been so many anti-semitic attacks over the millennia that survival of the fittest has ensued. Its either that or the chicken soup!

Oh and high profile Jews and a bunch of Nazis do not tend to mix well!
 

yankspurs

Enic Out
Aug 22, 2013
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I’m Jewish and I don’t consider it racism. The world population is irrelevant. There’s no denying Jews are high achievers and there are many rich and powerful Jewish people in the world massively disproportionate to their numbers. Obviously this doesn’t mean there’s some sort of conspiracy. But there’s interesting stuff in that article if you ignore the Zionist stuff and a lot of it is based in fact. The dispute with the locals has been going on for years and still is.
Based in what fact? Whatever the nazi haven says is fact? Any article from argentina that says “global zionist lobby” should always, automatically, without question be thrown out off hand.
 

coys200

Well-Known Member
May 22, 2017
8,436
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Based in what fact? Whatever the nazi haven says is fact? Any article from argentina that says “global zionist lobby” should always, automatically, without question be thrown out off hand.

Wtf are you talking about. Why don’t you actually read the article or read what I posted. The “fact”is there has been a legal dispute for going on 20 years and the local town folk have held numerous protests.
 

wirE

I'm a well-known member
Sep 27, 2005
4,676
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87775563-F69B-4E32-9CA2-389398A4EF3B.png

Surely I can’t be the only one seeing the resemblance...?
 

Metalhead

But that's a debate for another thread.....
Nov 24, 2013
25,407
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I’m Jewish and I don’t consider it racism. The world population is irrelevant. There’s no denying Jews are high achievers and there are many rich and powerful Jewish people in the world massively disproportionate to their numbers. Obviously this doesn’t mean there’s some sort of conspiracy. But there’s interesting stuff in that article if you ignore the Zionist stuff and a lot of it is based in fact. The dispute with the locals has been going on for years and still is.
It isn't the numbers though really, it is the conspiracy stuff that's the issue. That's what drives antisemitism. Not to dismiss the sentiment of the article but it devalues a decent article when that sort of trope is used.
 

dontcallme

SC Supporter
Mar 18, 2005
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In hindsight one of our best financial decisions not to go ahead with this.
 

Wsussexspur

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Oct 2, 2007
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Tottenham Hotspur have moved to ease some of the financial pressure they face as a result of the coronavirus outbreak by borrowing £175 million from the Bank of England, The Athletic understands.
The north London club met a set of strict criteria to qualify for the government’s Covid Corporate Financing Facility (CCFF), which will provide an unsecured loan — repayable in full at a rate of 0.5 per cent — to give them financial flexibility and additional working capital during the crisis. Spurs estimate they may stand to lose more than £200 million of revenue in the period from the start of lockdown to June 2021.
The CCCF was set up on March 17 to support large credit-worthy companies affected by the pandemic. The Bank of England intends the scheme to be utilised as a way of assisting firms to bridge disruption to their cash flows.
It is only available to firms with an investment grade credit rating — the highest level of credit rating, which reflects at least an adequate capacity to meet financial commitments — and who make a material contribution to the UK economy.
Manchester United are thought to be the only other Premier League club who would be eligible for the CCFF scheme by virtue of having a formal credit rating from an agency. The CCFF is thought to have loaned more than £20 billion so far to around 100 companies, including EasyJet, Marks & Spencers and Greggs. The Bank of England is expected to confirm a list of the companies to have borrowed from it on Thursday afternoon.
Spurs satisfied the CCFF stipulations after they had £525 million of stadium debt refinanced last year. As first reported by The Athletic, Spurs confirmed in September that Bank of America Merrill Lynch and HSBC had helped to refinance the debt on the private placements market in the USA, over long maturities and at low-interest rates.
Under the scheme, the Bank of England has purchased £175 million of “Commercial Paper” — a short-term obligation sold from one company to another for immediate cash needs — from Tottenham. It is not free money, although it comes at a low, commercial interest rate.
Tottenham will have to repay the loan in April 2021, unless they re-draw it for another year, but the cash will assist in seeing them through what is expected to be a highly challenging period. The finance will not be spent on player transfers, with the club unlikely to have any budget for signings in the next window unless they sell.
In a climate of such uncertainty for football and the economy, Spurs view taking this loan as a prudent move that still gives them financial capacity and flexibility through the next year. The money will also enable Tottenham to continue supporting their local communities and stakeholders.
Throughout the coronavirus stoppage, the Tottenham Hotspur Stadium has been made available for North Middlesex Hospital’s women’s outpatient services. In the coming months — except when matches are taking place — it will continue to offer antenatal services, COVID-19 testing and a food hub. The antenatal facilities have been moved to the NFL section of the ground to free up medical rooms for use by football staff once fixtures resume.
Tottenham, like all football clubs, have seen their revenues severely impacted since coronavirus halted sport in mid-March. Manchester United, for example, made a £22.9 million loss in the last financial quarter. But Tottenham have been especially badly-hit given the money they expected to make through their new stadium.
Spurs have not played since they were knocked out of the Champions League by RB Leipzig on March 10 and have missed out on revenue from their postponed five remaining Premier League home games — including Manchester United and derbies against London rivals West Ham United and Arsenal. Last month, they announced a pro-rata refund for season ticket holders.
There is still uncertainty as to how much the Premier League’s rebate to broadcasters will cost its clubs, and at which point next season they can have paying fans back in the stadium. Tottenham chairman Daniel Levy is especially keen to explore new scientific and technological solutions — such as digital health passports and smartphone apps currently being worked on by start-up firms — that might help pave the way for fans to attend games.
As well as those postponed football matches, Spurs have lost out on huge sums from the cancellations of non-football events this year.
The Tottenham Hotspur Stadium was meant to host Saracens against Harlequins in Premiership rugby union in March, two Guns N’Roses concerts in May, Capital Radio’s Summertime Ball concert this weekend, Anthony Joshua’s world heavyweight title fight against Kubrat Pulev later this month, a night of Lady Gaga’s Chromatica Ball world tour next month, England against Australia in the rugby league Ashes in November, as well as two money-spinning NFL games this autumn.
Against such blows to income, Tottenham’s outgoings have still been significant in recent months. A decision to have some non-playing staff salaries paid by the government furlough scheme was reversed following widespread criticism,meaning the club have continued to pay those wages in recent months. And there has been no agreement with the players about a wage deferral or cut, with Levy waiting to assess the broader Premier League situation. The only cut has been to the salaries of the club’s board.
Before play was suspended, Tottenham were one of the most financially secure clubs in the Premier League.
Their accounts for last season, published at the start of the coronavirus crisis, announced that the club made a post-tax profit of £68.6 million for last season, with a pre-tax profit of £87.4 million, the highest in the league.
 

Monkey boy

Well-Known Member
Jun 18, 2011
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Doesn’t sound great does it although I’ll let out resident financial experts dissect it and then the BSoDL to tell us why it’s a genius move.
 

yankspurs

Enic Out
Aug 22, 2013
41,954
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So we’re now ~£750m in debt and have to repay this loan in full(plus interest) by April while still having the other installments to pay off. Pretty much confirms we will have a very quiet transfer window like 2018.

FFP rules have been relaxed meaning clubs owners will be able to help their clubs out of this mess. While our billionaire owner will probably just have another yacht commissioned for 200m
 
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Trotter

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Jan 30, 2009
2,169
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So we’re now ~£750m in debt and have to repay this loan in full(plus interest) by April while still having the other installments to pay off. Pretty much confirms we will have a very quiet transfer window like 2018.

FFP rules have been relaxed meaning clubs owners will be able to help their clubs out of this mess. While our billionaire owner will probably just have another yacht commissioned for 200m


Why does it mean that at all.
We have just accessed very cheap money, that is all, whilst it is available to us.
Doesn't mean we will use it, it could just be sat as cash, it is just an option open to us currently, which would not be there in future as scheme shutting soon.

And this being 750m in debt, is basically bollocks, we don't have to worry about paying any of the majority of that off for 15 years.
Does everyone consider themselves being in debt just because they have a mortgage ? The answer is no, assuming you are not in negative equity.

I am one of Levy's biggest critics, but you pick your battles, this is not one of them.
 
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Oh Teddy Teddy

Well-Known Member
Aug 10, 2017
5,206
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Isn't it just to be safe if second wave will happen?

If we are eligible, yes, it can be seen as such. It’s not unheard of at the moment for businesses that can to to apply for these loans - why wouldn’t you? As the article suggests, we’re going to be hit in the ST due to loss of revenue in events and, as one of the only two clubs to qualify for the loan, makes sense on our part.

But yeah, don’t expect much in the way of transfers :censored:
 
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