Alfieconnman
Ticket seller for the Dome of Doom
- Aug 9, 2008
- 1,142
- 151
http://www.spurs.vitalfootball.co.uk/article.asp?a=512670
There has been a great deal of talk about how we would manage if we got relegated and even though WHL will remain positive the numbers have been crunched by City Analysts and interested financial institutions - the figures are not good which is the main reason why the share price continues its path southwards (yesterday it lost almost 8% and now stands at 81.5p which values the fully diluted share capital at £149.8 million from a high after the Carling Cup win of £333.7 million).
Before we look at the figures based on our being in the Championship it should be remembered where we are at the moment so here are the official figures for our revenue streams for the year ending 30/6/2008:
Gate receipts - Premier League: £18.274 million
Gate receipts - Cup Competitions: £10.341 million.
Sponsorship & Corporate hospitality: £27.778 million.
Media & Broadcasting: £40.329 million.
Merchandising: £9.723 million.
Other (inc foreign exchange profit): £8.343 million.
TOTAL: £114.788 million
http://www.tottenhamhotspur.com/uploads/assets/docstore/2008_annual_report.pdf
Apart from ALL of our revenue streams (with the exception of foreign exchange profit) being totally based on success, can everybody see what is NOT a revenue stream? Player trading is NOT a revenue stream so anybody that thinks that we are a selling club and we get rid of our first team squad players for profit alone are 100% wrong.
In order to get a clear comparison please remember that there are 24 teams in the Championship and therefore 23 league matches. For the Cup matches I have been generous and calculated 5 home matches for FA Cup and Carling Cup combined.
Currently we average £961,789 gate receipts for the League and due to lower ticket prices in the Championship and lower gates overall due to both being relegated and the overall financial situation Analysts are calculating a 40% reduction in receipts for every home match thus making an average of £577,073.
The same reduction has been used for sponsorship and corporate hospitality.
Media and broadcasting will give us a £11 million parachute payment which is given for 2 seasons - after that the figure will be around £6 million.
As we have a fairly strong fan base I have reduced merchandising by 20%.
With all those points in mind, here are the following figures for our playing in the Championship:
Gate receipts - Premier League: £13.272 million
Gate receipts - Cup Competitions: £2.885 million.
Sponsorship & Corporate hospitality: £16.666 million.
Media & Broadcasting:
£11 million.
Merchandising: £9.723 million.
Other (inc foreign exchange profit): £7.778 million.
TOTAL: £59.946 million
As our operating expenses (excluding football trading) were £87.327 million we stand to make a healthy LOSS - we could swallow it for one year but certainly not for any longer.
Finally, it should be remembered that ENIC will ONLY make their profit when the team is successful ON the pitch - they have already seen £184 million wiped off of the value of the fully diluted share capital since we were at Wembley - that loss of value is mainly due to the lack of ON the pitch success.
There has been a great deal of talk about how we would manage if we got relegated and even though WHL will remain positive the numbers have been crunched by City Analysts and interested financial institutions - the figures are not good which is the main reason why the share price continues its path southwards (yesterday it lost almost 8% and now stands at 81.5p which values the fully diluted share capital at £149.8 million from a high after the Carling Cup win of £333.7 million).
Before we look at the figures based on our being in the Championship it should be remembered where we are at the moment so here are the official figures for our revenue streams for the year ending 30/6/2008:
Gate receipts - Premier League: £18.274 million
Gate receipts - Cup Competitions: £10.341 million.
Sponsorship & Corporate hospitality: £27.778 million.
Media & Broadcasting: £40.329 million.
Merchandising: £9.723 million.
Other (inc foreign exchange profit): £8.343 million.
TOTAL: £114.788 million
http://www.tottenhamhotspur.com/uploads/assets/docstore/2008_annual_report.pdf
Apart from ALL of our revenue streams (with the exception of foreign exchange profit) being totally based on success, can everybody see what is NOT a revenue stream? Player trading is NOT a revenue stream so anybody that thinks that we are a selling club and we get rid of our first team squad players for profit alone are 100% wrong.
In order to get a clear comparison please remember that there are 24 teams in the Championship and therefore 23 league matches. For the Cup matches I have been generous and calculated 5 home matches for FA Cup and Carling Cup combined.
Currently we average £961,789 gate receipts for the League and due to lower ticket prices in the Championship and lower gates overall due to both being relegated and the overall financial situation Analysts are calculating a 40% reduction in receipts for every home match thus making an average of £577,073.
The same reduction has been used for sponsorship and corporate hospitality.
Media and broadcasting will give us a £11 million parachute payment which is given for 2 seasons - after that the figure will be around £6 million.
As we have a fairly strong fan base I have reduced merchandising by 20%.
With all those points in mind, here are the following figures for our playing in the Championship:
Gate receipts - Premier League: £13.272 million
Gate receipts - Cup Competitions: £2.885 million.
Sponsorship & Corporate hospitality: £16.666 million.
Media & Broadcasting:
£11 million.
Merchandising: £9.723 million.
Other (inc foreign exchange profit): £7.778 million.
TOTAL: £59.946 million
As our operating expenses (excluding football trading) were £87.327 million we stand to make a healthy LOSS - we could swallow it for one year but certainly not for any longer.
Finally, it should be remembered that ENIC will ONLY make their profit when the team is successful ON the pitch - they have already seen £184 million wiped off of the value of the fully diluted share capital since we were at Wembley - that loss of value is mainly due to the lack of ON the pitch success.
