Tottenham Takeover Talk - New Poll Added

[cjsimba]

sounds exciting!

 

[Hotspur88]

Asked my guy at the match last night who said he hadn't heard anything else and as far as he was concerned nothing had changed. So no updates my end unfortunately but the statement hopefully supports what I posted in here a few weeks back.

 

[Ghost Hardware]

Asked my guy at the match last night who said he hadn't heard anything else and as far as he was concerned nothing had changed. So no updates my end unfortunately but the statement hopefully supports what I posted in here a few weeks back.

The statement does certainly seem to tie into your info. One would think that now that statement has been made Jurno’s will start digging around.

 

[knowlespurs]

How can we have lost so much money yet still be ok with psr

 

[felmani26]

Financial results – year ended 30 June, 2023 | Tottenham Hotspur

www.tottenhamhotspur.com

To capitalise on our long-term potential, to continue to invest in the teams and undertake future capital projects, the Club requires a significant increase in its equity base. The Board and its advisors, Rothschild & Co, are in discussions with prospective investors. Any recommended investment proposal would require the support of the Club’s shareholders.

First time in my recollection they've acknowledged a point of seeking outside investment and quite how 'significant' remains to be seen.

 

[PCozzie]

How can we have lost so much money yet still be ok with psr

Someone way more clued up than me will be along at some point today with a better answer, but I don't think infrastructure/tax losses are included in PSR calculations.

Sit tight, all will be explained.

 

[MR_BEN]

How can we have lost so much money yet still be ok with psr

It’s pretty much operating profit (£135m) which is the important figure.

The loss before tax includes depreciation and other non-football related expenses which don’t count towards PSR.

 

[felmani26]

How can we have lost so much money yet still be ok with psr

A loss doesn't equate to breaching PSR

The club is in a healthy position and if you think other clubs aren't experiencing the same geo-political factors attributing to cost increases then think again!

 

[Archibald&Crooks]

A loss isn't included in PSR

 

[tony0379]

Not a single "COYS, Daniel" in sight

 

[Stamford]

Thank god they put those season ticket prices up.

 

[thecook]

Sounds like the Kane transfer happened after the reporting period so that sum (or whatever calculation of installments) isn't included in the figures.

 

[felmani26]

Has someone told Ben Jacobs the good news?

 

[IfiHadTheWings]

The distinct lack of a COYS, Daniel is concerning.

 

[cookiemonster]

Did we just lost the balance sheet trophy to Brighton?

 

[Wine Gum]

Sounds like the Kane transfer happened after the reporting period so that sum (or whatever calculation of installments) isn't included in the figures.

That's correct.

 

[alfie103]

I must admit I don't understand why there is such a large difference between the operating profit and the overall loss?

Are we paying over £200 million in interest (with most of our debt being fixed at 2.79%), taxes, depreciation and amortisation? That seems to be a lot of money.

 

[olithfc]

Can someone explain to me why our net debt is increasing? Are we not paying off our loans?

 

[gabsyspur]

It’s pretty much operating profit (£135m) which is the important figure.

The loss before tax includes depreciation and other non-football related expenses which don’t count towards PSR.

Operating profit does not include player trading and amortisation of players we’ve already bought.

Operating profit is essentially revenue minus ongoing costs (wages). £138.7m

After player trading, amortisation, interest and tax we have a loss of £86.8m, a drop of £225.5m.

It will be interesting to see the breakdown of that £225.5m between stadium costs and players transfers.

Player transfers absolutely do count towards PSR!

it would be helpful if the club published our PSR position

 

[sidford]

Can someone explain to me why our net debt is increasing? Are we not paying off our loans?

Net debt takes into account your cash as well so assume the cash will have gone down from last year which makes the net debt figure rise. Think a chunk of our debt is still on Interest only and it's spread out over a long time so much like a person's mortgage statement you won't see a big decline year on year.

Someone above also asked why the loss doesn't mean we are in PSR.trouble and it's mainly due to what we can write off for PSR such as depreciation which was c72m, costs for ladies team etc so there is a load of things that can be added back to that loss for PSR purposes which means we are fine.
Our losses in last 3 years are about 230m but c210m of that is depreciation which is just a notional figure so that accounts for pretty much all the loses