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RichieS

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Dec 23, 2004
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fans of other clubs have already started on the twitter stories.
Ha ha. I assume being one of only two clubs in the PL that are financially secure enough to qualify for one of these loans means that we're in trouble and selling all our players?
 

spursfan77

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Aug 13, 2005
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Ha ha. I assume being one of only two clubs in the PL that are financially secure enough to qualify for one of these loans means that we're in trouble and selling all our players?

yeah that’s the long and short of it.
 

ToDarrenIsToDo

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Aug 22, 2017
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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

We are a self sufficient club, every club should be and I hope we continue being one. The moment you’re in the pocket of your owners you lose the importance of who you are as a club and lose that to who own someone you. Not a path I want to see our fantastic football club take personally.

A summer of wheeling and dealing rather than extra debt for bloated transfer fees suits me.
 

ToDarrenIsToDo

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Aug 22, 2017
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The only positive, from a horribly cynical standpoint, is that clubs further down the food chain are likely to be hit even harder than we have been.

The market value of players like Eze from QPR will have plummeted compared to what he would have gone for in Jan.

It all correlates you are right. We will get less, other teams will get less. Prices of players sold will go down and inevitably those signed will go down. Our biggest asset is how well run financially we are, this will leave us less desperate than other teams meaning we have the upper hand if we are artful in our actions.
 

Metalhead

But that's a debate for another thread.....
Nov 24, 2013
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After the latest financial commonsense pursued by Daniel wonder how long it will be before the ENIC and Levy bashers start shouting how come a rich club like Spurs get a loan from the Bank of England . Fact is football clubs are not rich, be nice to see someone with commonsense like Martin Lewis financial expert give his views on how ENIC and Daniel run the business.
The club is a business - I can't see how anyone can moan about the loan.
 

thebenjamin

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Jul 1, 2008
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"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," you'll never sing that
 

King of Otters

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Jun 11, 2012
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It all correlates you are right. We will get less, other teams will get less. Prices of players sold will go down and inevitably those signed will go down. Our biggest asset is how well run financially we are, this will leave us less desperate than other teams meaning we have the upper hand if we are artful in our actions.

We have always been run exceptionally well financially. My only concern is to what extent we’re reliant on revenue from the stadium to sustain our current level of spending.

Time will tell on that I guess.
 

Monkey boy

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Jun 18, 2011
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I know people have said it previously on here but after waiting all these years, going through the pain of losing our best players to the big earners, the zero net spends we finally get to open the thing that we have all been waiting for that will hopefully put us amongst the elite and bam it all gets wiped out in the blink of an eye. How’s your luck boys?
 

RichieS

Well-Known Member
Dec 23, 2004
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I know people have said it previously on here but after waiting all these years, going through the pain of losing our best players to the big earners, the zero net spends we finally get to open the thing that we have all been waiting for that will hopefully put us amongst the elite and bam it all gets wiped out in the blink of an eye. How’s your luck boys?
#spursy
 

daryl hannah

Berry Berry Calm
Sep 1, 2014
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We have always been run exceptionally well financially. My only concern is to what extent we’re reliant on revenue from the stadium to sustain our current level of spending.

Time will tell on that I guess.

This is an estimate but using figures from Swiss Ramble:
Annual projected revenue = £375m (without CL and specifically without a run to the final that earned us £85m on top.)
We make £5m/matchday = £100m/yr from stadium.
So without the stadium revenue = roughly £275m?
Wages to turnover ratio is the lowest in the league at 39%. £375 * 39% = £146m in wages.
£275m - £146m in wages leaves £129m to run the operations side of the club and anything else.
 

Metalhead

But that's a debate for another thread.....
Nov 24, 2013
25,351
38,294
I know people have said it previously on here but after waiting all these years, going through the pain of losing our best players to the big earners, the zero net spends we finally get to open the thing that we have all been waiting for that will hopefully put us amongst the elite and bam it all gets wiped out in the blink of an eye. How’s your luck boys?
Think long term.
 

DiVaio

Well-Known Member
May 27, 2020
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This is an estimate but using figures from Swiss Ramble:
Annual projected revenue = £375m (without CL and specifically without a run to the final that earned us £85m on top.)
We make £5m/matchday = £100m/yr from stadium.
So without the stadium revenue = roughly £275m?
Wages to turnover ratio is the lowest in the league at 39%. £375 * 39% = £146m in wages.
£275m - £146m in wages leaves £129m to run the operations side of the club and anything else.

Unfortunately you are wrong. In 18/19 accounts we paid 178m in wages. And now Toby, Davies, Winks signed extensions + we signed Sess, Lo Celso, Ndombele, Gedson, Bergwijn and this wages is more than what earned players sold by the club, so now it's probably even closer to 200m. If we will play full season behind closed doors it will be -100m in revenue and TV rebates for full season without fans could be another -80m in revenue(but it seems very unlikely)
 

daryl hannah

Berry Berry Calm
Sep 1, 2014
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Unfortunately you are wrong. In 18/19 accounts we paid 178m in wages. And now Toby, Davies, Winks signed extensions + we signed Sess, Lo Celso, Ndombele, Gedson, Bergwijn and this wages is more than what earned players sold by the club, so now it's probably even closer to 200m. If we will play full season behind closed doors it will be -100m in revenue and TV rebates for full season without fans could be another -80m in revenue(but it seems very unlikely)
Ah yeh - £460m * 0.39 = £179.4m - so maybe that;s where that figure came from.

Eriksen, Rose Llorente, Trippier and Wanyama wages are off the books. And Vertonghen and Sissoko will be too. I suspect it balances out a little.

As for TV rebates, it would be interesting to see what happens there. I wouldn't have thought it would be as much as that, but you never know.
 

brasil_spur

SC Supporter
Aug 25, 2006
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We make £5m/matchday = £100m/yr from stadium.

Yes this is largely correct. However that assumes only 20 matches per season at the Stadium, when i reality it's more like 25 games when you include our average cup runs. So that's another £25m right there.

Then you have some friendlies and women's games, let's say a further 5 of these in total bringing in £2m of revenue per game. So that's a further £10m.

Then you have all the non-football stadium events, which conservatively bring in £2m per event. Let's say there's 10 of these events per year, so an additional £20m.

I would then say another £5m per year (pure guess) from non event based stadium revenue generation such as corporate hosting, stadium tours, filming rights (such as Gangs of London) etc...

I reckon that puts the stadium revenue figure somewhere around £160m rather than £100m.

edit: for the optimistic rating which i'm assuming relates to the numbers above i posted, here is a reminder that we did over £1m in beer sales alone during October's NFL game - https://www.football.london/tottenham-hotspur-fc/news/spurs-nfl-money-stadium-levy-17079463
 
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