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Message from the Chairman

Phantom

Well-Known Member
Jun 6, 2005
5,856
3,212
I feel the statement is designed primarily to pressurise the PFA into doing something. Unfortunately it also reflects poorly on the club and perhaps had we not just spunked so much cash on a new stadium which is now not bringing anything in from any football or events, we may not have taken this action.

Rest assured most if not all companies will be taking advantage of any government support whether they need it or not. You only have to look at companies that pay zero tax and still feel it is ok for them to claim tax refunds.... Look up Rockstar the makers of GTA.
 

lsaari

Member
Aug 31, 2005
28
29
This is morally acceptable only if 1) THFC doesn't make profit this year, and 2) doesn't pay dividens. Alternatively, it should pay salaries to employees (and the state) after the crisis is over.
 

Spurs' Pipe Dreams

Well-Known Member
Aug 14, 2011
20,008
32,728
This is a tricky one...I don't think it is as black and white as people are making out tbh.

As a commercial decision paying for workers who aren't doing anything and the Government offering to pay 80% of their wages whilst still keeping them employes, if you're a company hoping to get back to normal very quickly after this goes away, then you would be stupid not to. The overheads of a football club, servicing debt with 0 income (apart from online sales, I would imagine).

On a human level...Joe Lewis is worth £4.5bn, Levy is a multi multi millionaire and the players are taking full wages, with some of them becoming millionaires in a matter of every few months.

So like I said it's tricky, if one club starts to cut players wages then the vultures will be circling, which is why the PFA are negotiating the reduction to make sure that football clubs are solvent coming out of this but also do a blanket approach for players who earn vast amounts but also ones who don't at lower league level. Like most things, it's complicated
 

spursfan77

Well-Known Member
Aug 13, 2005
46,680
104,956
This is morally acceptable only if 1) THFC doesn't make profit this year, and 2) doesn't pay dividens. Alternatively, it should pay salaries to employees (and the state) after the crisis is over.

If we don’t make any profit this year, we won’t pay any tax, is that morally acceptable?
 

SirHarryHotspur

Well-Known Member
Aug 9, 2017
5,003
7,418
Contrary to popular belief Spurs are not the 8th richest football club in the world they may have the 8th largest revenue on the last accounts but that does not mean they are the 8th richest, what is not mentioned by the media in the sensational headlines surrounding Spurs is that they have very high debt due to the stadium. Spurs are not even the biggest company owned by Joe Lewis in the UK, in big business terms they are quite small but do have some highly overpaid employees.

If people want to listen to someone sensible when it comes to this Government help scheme and putting staff on furlough try listening to Martin Lewis https://www.bbc.co.uk/sounds/play/p08856wq .
 

Lo Amo Speroni

Only been in match thread once.
Aug 9, 2010
1,992
5,603
Football as we knew it will not be returning in my view. Clubs will be desperately trying to renegotiate contracts. Agents are seeing their bubble burst in front of their eyes.
World will be a very different place after this, DL knows his shit.
 

shelfmonkey

Weird is different, different is interesting.
Mar 21, 2007
6,690
8,040
This is a tricky one...I don't think it is as black and white as people are making out tbh.

As a commercial decision paying for workers who aren't doing anything and the Government offering to pay 80% of their wages whilst still keeping them employes, if you're a company hoping to get back to normal very quickly after this goes away, then you would be stupid not to. The overheads of a football club, servicing debt with 0 income (apart from online sales, I would imagine).

On a human level...Joe Lewis is worth £4.5bn, Levy is a multi multi millionaire and the players are taking full wages, with some of them becoming millionaires in a matter of every few months.

So like I said it's tricky, if one club starts to cut players wages then the vultures will be circling, which is why the PFA are negotiating the reduction to make sure that football clubs are solvent coming out of this but also do a blanket approach for players who earn vast amounts but also ones who don't at lower league level. Like most things, it's complicated

I think it's up to the players to take the step of deferring a portion of their wages, the finger should be wagged in their direction imo!
 
D

Deleted member 27995

So what exactly do you do? Watch Spurs on TV? That would put your arse slap bang on a seat on the PL's consumer express!
Who watches Spurs on TV? Hahah. I'm not made of money, forking cash over to the likes of BT or SKY in this day and age? Bad enough who I pay cash to for my internet connection.
 

Trotter

Well-Known Member
Jan 30, 2009
2,169
3,312
So Bournemouth furlough their non-playing staff, but unlike us are doing the right thing and paying those people their full wages (by covering the 20% delta)
 

yiddopaul

Well-Known Member
Dec 28, 2005
3,418
6,654
How do you define "great"
Not this "what is a great/big club" thing again. :rolleyes: Honestly, the past 5 or 6 years, the same people would be letting the world and his mate know that we are a massive club. (And we are a massive club - not in the same league as RM, but we've gained ground). Now we're having a rebuild and it's tough, suddenly we're a laughing stock (of course we are, with our rivals - we laugh like mad when it happened to Arse/United etc. It's what rivals do) So much bitter, knee jerk reactions on here. It's embarrassing to be honest.

On topic. Of course the players should have there wages cut in half. More infact. They are so lucky to not be out of work like normal people. Even if they lost their income, most won't have a mortgage, car note etc. And probably have savings to use. If not, that's their fault.
 

Shadydan

Well-Known Member
Jul 7, 2012
38,247
104,143
Not this "what is a great/big club" thing again. :rolleyes: Honestly, the past 5 or 6 years, the same people would be letting the world and his mate know that we are a massive club. (And we are a massive club - not in the same league as RM, but we've gained ground). Now we're having a rebuild and it's tough, suddenly we're a laughing stock (of course we are, with our rivals - we laugh like mad when it happened to Arse/United etc. It's what rivals do) So much bitter, knee jerk reactions on here. It's embarrassing to be honest.

Woe is us mate.

Pretty sure that's what AVB meant in that infamous press conference, that's what I'm going with anyway.
 

Finchyid

Well-Known Member
Jun 27, 2017
3,769
11,975
This is a tricky one...I don't think it is as black and white as people are making out tbh.

As a commercial decision paying for workers who aren't doing anything and the Government offering to pay 80% of their wages whilst still keeping them employes, if you're a company hoping to get back to normal very quickly after this goes away, then you would be stupid not to. The overheads of a football club, servicing debt with 0 income (apart from online sales, I would imagine).

On a human level...Joe Lewis is worth £4.5bn, Levy is a multi multi millionaire and the players are taking full wages, with some of them becoming millionaires in a matter of every few months.

So like I said it's tricky, if one club starts to cut players wages then the vultures will be circling, which is why the PFA are negotiating the reduction to make sure that football clubs are solvent coming out of this but also do a blanket approach for players who earn vast amounts but also ones who don't at lower league level. Like most things, it's complicated

Absolutely, other companies who make profit are fuloughing staff. Its not just about profit, cash flow is equally as important

Its not just confined to football. If it means you have a better chance of survival as we do not know how long this will last then its an opportunity for you.

But I am struggling with it from the Lewis perspective, but then I struggle with Lewis fullstop..He could fix this
 

shelfboy68

Well-Known Member
Jun 14, 2008
14,566
19,651
Not this "what is a great/big club" thing again. :rolleyes: Honestly, the past 5 or 6 years, the same people would be letting the world and his mate know that we are a massive club. (And we are a massive club - not in the same league as RM, but we've gained ground). Now we're having a rebuild and it's tough, suddenly we're a laughing stock (of course we are, with our rivals - we laugh like mad when it happened to Arse/United etc. It's what rivals do) So much bitter, knee jerk reactions on here. It's embarrassing to be honest.

On topic. Of course the players should have there wages cut in half. More infact. They are so lucky to not be out of work like normal people. Even if they lost their income, most won't have a mortgage, car note etc. And probably have savings to use. If not, that's their fault.
This type of discussion always creates division but I respect your opinion but for me we are not in the same league as city, Liverpool, Chelsea or utd let alone some of the other big clubs around Europe.
 

Geyzer Soze

Fearlessly the idiot faced the crowd
Aug 16, 2010
26,056
63,361
Well I'm pretty dusgusted that spurs are using the furlough thing, and i'm pretty disgusted that the lowest paid are the ones to bear the brunt, I'm pretty disgusted that football players still carry on getting paid 10's (or 100's) of thousands a week, so bollocks to it all I'm pretty much done with football tbh. Was before this anyway
 
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