Financial Results, shareholder and stadium update (from Official Site)

[Lilbaz]

Sorry to atlantic yid for doubting him. Top itk from the top man himself.
Under ffp the owners are allowed to invest a one off £50m loan to the club that they need to turn into equity. That's what they have done. There will be no more.

The only hold up now for the stadium is the cpo.

We made a £1.5m profit. So all the money we make is being reinvested.

From a financial point of view i don't see what more levy/enic could do?

 

[Gedson100]

I like this guy on twitter & he sums it up pretty well:

Mike L. Goodman ‏@TheM_L_G 13m
Watching supporters parse financial statements is always interesting.
Magically they find evidence that supports what they already believed.

 

[Gedson100]

Sorry to atlantic yid for doubting him. Top itk from the top man himself.
Under ffp the owners are allowed to invest a one off £50m loan to the club that they need to turn into equity. That's what they have done. There will be no more.

The only hold up now for the stadium is the cpo.

We made a £1.5m profit. So all the money we make is being reinvested.

From a financial point of view i don't see what more levy/enic could do?

They could blow £100m on players that have a couple of good matches at the World Cup and we'd be singing in the streets.

 

[onthetwo]

We arent a PLC any more so they release the figures, and a canned summary from DL is all we get i.e no AGM.
We're in good financial shape, until we finally get the go-ahead for the stadium at which point we'll be mortgaged to the gills. For me there are more questions than answers but no forum in which to raise them.
Almost as frustrating as watching the team at the moment!

 

[Ionman34]

I know you want it.

Love that song

 

[Lilbaz]

We arent a PLC any more so they release the figures, and a canned summary from DL is all we get i.e no AGM.
We're in good financial shape, until we finally get the go-ahead for the stadium at which point we'll be mortgaged to the gills. For me there are more questions than answers but no forum in which to raise them.
Almost as frustrating as watching the team at the moment!

How much money has already been spent on the stadium and enabling costs?
With a naming rights deal how much of a mortgage would we need and what would the repayments be each year?
With increased revenue (£50-60m a year poss) will we see an immediate increase once it's built?

 

[dimiSpur]

No point in a new stadium if we continue this decline. There's no way we'd consistently fill a 60,000 seater if we're 7th.

 

[EastLondonYid]

I was hoping for.... ''And we promise to get rid of Tim ''

 

[Cavehillspur]

How has it taken an entire year for approval of the CPO?!? That's mental.

Yep, this is the bit that jumped out at me. Is that normal to take so long?? Suppose it would vary with different projects but seems crazy.

 

[dimiSpur]

Yep, this is the bit that jumped out at me. Is that normal to take so long?? Suppose it would vary with different projects but seems crazy.

Maybe an appeal of sorts? The current owners have been on the news and they seem pretty stubborn.

 

[dagraham]

From where should the money for that investment come?

From the same place as the interest free loan? From increasing our net debt slightly? From the ever increasing TV revenue? Its difficult to do that now with FPP. In the past however, we have been known to make a net investments in the squad (when Ramos came in and again when Redknapp first arrived).

I just feel that during the crucial period where we were doing well under Harry, we were too risk averse in the transfer market. I've always been totally on board with our wage structure as it's money written off and cannot be allowed to spiral out of control. I think we were far too reluctant to pay the transfer fees necessary at key times though and took too long messing about. Sometimes, if you really need an asset, you have to pay over market value. Just my opinion.

Anyway, as has been said, with FFP on the horizon there is not alot we can do financially until we get the new stadium. I think we must have been using the TV money to contribute to stadium project. It will be interesting when it goes ahead to see how much is needed after naming rights.

 

[Stoof]

Did it go to Judicial Review, question mark.

If so, then takes ages innit. I tweeted that I'd try and have a look around today and ask a Planning colleague about it. I haven't done that. Now Twitter's going to hate me. Ermahgerd.

CPOs can be great but tragically slow, as they involve a) lawyers and b) local authorities. And even worse, in-house lawyers at a local authority.

*shudders*

Still, they're not as terrible as @talkshowhost86 - #lawbants

 

[WestBelfast Spurs]

break the stadium info down for me please?

 

[dagraham]

break the stadium info down for me please?

Sod All's happening

 

[lami]

Thats all well and good. But we have to see the results. Maybe we'll actually spend more than we sell this window for a change?(not keeping my hopes up)

That's only because we have no one worth selling

 

[SonicSarr]

Bastard Son of Levy chiming in:

I'm happy with that statement.

Few points raised that deserve highlighting for me:

1. Europa league & Cup revenue is quite high, so it seems at board level any European involvement is a requisite.
2. Recognition that whilst our aim is Champions League, it's super competitive
3. Recognition that despite turmoil & some dreadful results, we've done OK points wise this year; the top 4 have improved as a group
4. We will always adhere to FFP; ie: we'll not blow £60m in one summer; some fans need to understand this! You might not like it, but it's in our strategy. We're one of few clubs that specifically operates like a business.
5. No massive overhaul in the summer, we are 'to strengthen in key positions'.
6. The squad had 'potential'; it does! Hopefully won't be selling off players at Tim's whim.
7. The club is happy to put the stadium at the front of the message; it should get done.

I know season tickets are coming round, but hey, pick it apart it sounds alright.

We're never gonna do things outside a defined financial framework, that's not Levy, it's not ENIC, but I for one am thankful that the people running the club, for all their perceived failings, do at least have the right intentions.

We could have owners like Leeds did, or Portsmouth, or Vincent fucking Tan.
Or sold to some weird conglomerate of uber-rich third world exploitees.

I'll take the rough with the smooth thanks.

edit: Oh, and Sherwood out.

One very important thing to highlight from that is something very conspicuous by its absence:

8. No public backing or praise for Tim Sherwood whatsoever.

 

[WestBelfast Spurs]

Sod All's happening

3 paragraphs of confusion on the OS

 

[tototoner]

break the stadium info down for me please?

to be continued....

 

[Lilbaz]

break the stadium info down for me please?

We're waiting for the cpo. Once that's done the contract will go out to tender and hopefully be built by summer 2017.

 

[Spursidol]

2017 completion.