Spurs finances report 22/23 (swissramble writeup)

[superted4]

And what happens if Chelsea want to rebuild stamford bridge? I presume the club will have to buy back said hotels for the land, and becuase its for a stadium rebuild I presume that spending will be out of FFP, but dodgy as fuck

 

[bubble07]

If Newcastle need the cash let's get isak and help them out

 

[Trix]

its So corrupt I hate American mentality.

It's not an American mentality, it's rich business men who don't really give two fucks about the actual team mentality.

 

[Cochraam]

I still think it's poor that leagues and governing bodies don't require PSR reporting from the clubs as part of their annual reporting. I appreciate people/groups like Swiss Ramble who dig through to try to recreate it, but it just seems like we shouldn't have to rely on such speculative reporting to try to figure out which clubs might be in trouble and by how much.

 

[cwy21]

Five semesters of calculus and my eyes still glaze over a bit in this thread.

 

[vegassd]

I still think it's poor that leagues and governing bodies don't require PSR reporting from the clubs as part of their annual reporting. I appreciate people/groups like Swiss Ramble who dig through to try to recreate it, but it just seems like we shouldn't have to rely on such speculative reporting to try to figure out which clubs might be in trouble and by how much.

I think the problem is that PSR (and accountancy in general) isn't just simple maths. There are all sorts of things that are allowable, and there is a degree of subjectivity that comes with that... hence the reviews process that Everton and Forest went through.

No club is going to publish a memo saying they are £150m foul of the rules, so why would believe the PSR summary from a club anyway? And even if you knew the exact PSR position of all clubs today, and all clubs on 1st July, what are you doing with that information?

We're talking about hundreds of millions of pounds, so they aren't going to have up to the minute numbers that would be accurate enough to be dependable. The current accounting period hasn't finished yet, so the numbers wouldn't be complete even if you did have a hotline to every clubs accounting department. I'm not quite sure what you are expecting clubs to be publishing?

It's the job of journalists etc. to take whatever info they can get their hands on and present it to their audience. So a sports finance journalist (SwissRamble) will do their analysis of the finances they can access and publish an article, then a sports journalist (tabloid/Athletic/Ali Gold etc.) will digest that and make their own article. That's how it should work in my opinion.

 

[brasil_spur]

And what happens if Chelsea want to rebuild stamford bridge? I presume the club will have to buy back said hotels for the land, and becuase its for a stadium rebuild I presume that spending will be out of FFP, but dodgy as fuck

At the moment yes, you could in theory keep selling and rebuying assets ad nauseum. This is the loophole that the PL are trying to close with the multiplier of the lowest TV revenue in the PL being the transfer amortisation and wages budget.

 

[sidford]

Not sure where best place is to put this so putting it in here. Says it will "dwarf" our cinch deal so good news

 

[Westmorlandspur]

Business of Sport pod with Jonathan Turner, who is on the board at Spurs. Interesting listen.

 

[tommyt]

Business of Sport pod with Jonathan Turner, who is on the board at Spurs. Interesting listen.

Can you give a summary??

 

[SirHarryHotspur]

Can you give a summary??

Was previously posted in the Ousting Levy thread, as a board member Turner obviously admires Levy

 

[newbie]

Was previously posted in the Ousting Levy thread, as a board member Turner obviously admires Levy

the interview puts a lot in to perspective

also sounds like we are trying to be cutting edge in everything

love the fact we have a tech guy in the board

stadium obvs held us back not just in money but in time and we took our eye off other things

stadium has helped us catch up

we are trying to become a global brand

anyone building a stadium now is fucked the cost have gone though the roof, we built at the exact right time interest rates where low
Levy is a very long term thinker, we are improving our long term planning, this goes in with our recruitment

 

[quackers]

the interview puts a lot in to perspective

also sounds like we are trying to be cutting edge in everything

love the fact we have a tech guy in the board

stadium obvs held us back not just in money but in time and we took our eye off other things

stadium has helped us catch up

we are trying to become a global brand

anyone building a stadium now is fucked the cost have gone though the roof, we built at the exact right time interest rates where low
Levy is a very long term thinker, we are improving our long term planning, this goes in with our recruitment

got very lucky with our financing - very low long term rates.

 

[FibreOpticJesus]

got very lucky with our financing - very low long term rates.

To be fair that is down to Levy’s understanding the market.

 

[newbie]

got very lucky with our financing - very low long term rates.

true

but it was never going to last at the rates

people talk about the cost of living crisis but really it started with the financial crash in 07/08 we ended up very low interest rates so low there was no wiggle room when the shit got the fan

 

[newbie]

To be fair that is down to Levy’s understanding the market.

tbf levy has made a lot of mistakes but his also learning as well and we look

one think business and football has taught me everyone loves the idea of a long term project but if they dont see results relatively soon that goes out the window.

lucky we are in a position where we have a very good starting 11 pos 14 so we can take Young talent and integrate them overtime and have to rush out and buy superstars. Again, we still need these results otherwise ange is out.

 

[Westmorlandspur]

got very lucky with our financing - very low long term rates.

Not luck. That’s what the interest rates were back then. Lucky that the stadium was built before covid as prices for steel, concrete and all sorts of other building stuff rocketed .God knows what it would cost now.

 

[Westmorlandspur]

the interview puts a lot in to perspective

also sounds like we are trying to be cutting edge in everything

love the fact we have a tech guy in the board

stadium obvs held us back not just in money but in time and we took our eye off other things

stadium has helped us catch up

we are trying to become a global brand

anyone building a stadium now is fucked the cost have gone though the roof, we built at the exact right time interest rates where low
Levy is a very long term thinker, we are improving our long term planning, this goes in with our recruitment

When Turner was co opted into the board he was known to specialise in takeovers and mergers. Nothing seems to have materialised in that respect.Poss involved in the selling of a percentage of the club.

 

[steffenfreundlovesme]

Was previously posted in the Ousting Levy thread, as a board member Turner obviously admires Levy

That was interesting, thanks for posting

 

[newbie]

When Turner was co opted into the board he was known to specialise in takeovers and mergers. Nothing seems to have materialised in that respect.Poss involved in the selling of a percentage of the club.

maybe his skills are mis understood I think his a tech guy and trying to drive the club forward

they way his talking I didn’t get impression the club was up for sale at all

in fact, don’t think that we can make more more money we have the revenue streams. It’s also interesting about his user journey and how he feels we need to maximise more from between matches.