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Tottenham Takeover Talk

Would you welcome a 25% ownership stake for Qatar Sports Investments (QSI)?

  • Yes

    Votes: 655 65.2%
  • No

    Votes: 350 34.8%

  • Total voters
    1,005
  • Poll closed .

THFCSPURS19

The Speaker of the Transfer Rumours Forum
Jan 6, 2013
37,907
130,650

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.
 

Hotspur88

Well-Known Member
Aug 1, 2008
3,153
75,228
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

Well-Known Member
Aug 31, 2012
18,802
65,449
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.
 

felmani26

SC Supporter
Jan 1, 2008
24,775
44,241

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

Well-Known Member
Sep 9, 2020
4,250
19,671
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

Well-Known Member
Aug 5, 2005
3,177
1,605
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

SC Supporter
Jan 1, 2008
24,775
44,241
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

Aegina Expat
Admin
Feb 1, 2005
55,745
206,455
A loss isn't included in PSR
ummm.gif
 

thecook

Well-Known Member
Jan 17, 2009
5,841
11,600
Sounds like the Kane transfer happened after the reporting period so that sum (or whatever calculation of installments) isn't included in the figures.
 

alfie103

Well-Known Member
Jun 4, 2005
4,059
4,545
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.
 

gabsyspur

Well-Known Member
Sep 22, 2004
140
330
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
 
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