Trevor Birch

[Who’s our next manager?]

Interesting he was brought in to Chelsea to manage the sale of the club...

I think the sale of the club is essential to any success it has in the future. Man City, Chelsea, Man United and to an extent Liverpool are outspending us. Perhaps with out increased revenue from the new stadium we could have been in a position to match them in the next couple of years, but covid 19 (God That makes me think with a new player’s name and number on the back of his shirt) has stopped that. That would be assuming that our low spend since ENIC took over was to divert money into the stadium project,who knows,perhaps it has just been a case of ENIC making profit!
The danger,now,is that other teams seem to be getting investment eg Everton and so far this window appear to be prepared to spend..
Come on Amazon,come on Bezos, you are filthy rich, buy us,rename the stadium, buy some top players.

 

[Donki]

I think the sale of the club is essential to any success it has in the future. Man City, Chelsea, Man United and to an extent Liverpool are outspending us. Perhaps with out increased revenue from the new stadium we could have been in a position to match them in the next couple of years, but covid 19 (God That makes me think with a new player’s name and number on the back of his shirt) has stopped that. That would be assuming that our low spend since ENIC took over was to divert money into the stadium project,who knows,perhaps it has just been a case of ENIC making profit!
The danger,now,is that other teams seem to be getting investment eg Everton and so far this window appear to be prepared to spend..
Come on Amazon,come on Bezos, you are filthy rich, buy us,rename the stadium, buy some top players.

Unfortunately clubs usually get bought as doer uppers, not as £2bn takeovers. I also think we missed the stadium sponsorship gig by a few seasons, companies see social media as a much less expensive and more effective way of advertising.

 

[Metalhead]

Unfortunately clubs usually get bought as doer uppers, not as £2bn takeovers. I also think we missed the stadium sponsorship gig by a few seasons, companies see social media as a much less expensive and more effective way of advertising.

I can see money coming in from business partnerships like we are seeing with Amazon.

 

[Donki]

I can see money coming in from business partnerships like we are seeing with Amazon.

Of course and that is what Levy does well but we are never going to get the same level of investment as a rich owner like the way of Chelsea, City etc. As @Who’s our next manager? has said Covid has majorly fucked Levy's plans going forward. Match day income will be nil , unable to rent out the stadium for concerts and other sporting events etc, etc. None of the income we hoped for but still the loans will have to be paid.

 

[Metalhead]

Of course and that is what Levy does well but we are never going to get the same level of investment as a rich owner like the way of Chelsea, City etc. As @Who’s our next manager? has said Covid has majorly fucked Levy's plans going forward. Match day income will be nil , unable to rent out the stadium for concerts and other sporting events etc, etc. None of the income we hoped for but still the loans will have to be paid.

You’re right: it doesn’t bridge the gap and the whole Covid situation is worrying, particularly as things seem to be going downhill again a bit.

 

[Donki]

You’re right: it doesn’t bridge the gap and the whole Covid situation is worrying, particularly as things seem to be going downhill again a bit.

Its all very Spursy .

 

[Who’s our next manager?]

Unfortunately clubs usually get bought as doer uppers, not as £2bn takeovers. I also think we missed the stadium sponsorship gig by a few seasons, companies see social media as a much less expensive and more effective way of advertising.

Amazon are showing signs of breaking into the football world though.Showing a few games, couple of club documentaries. Isn’t Bezos now the richest man in the world?

 

[Metalhead]

Its all very Spursy .

Ha ha. I’m sure that things will be ok longer term but the lack of income is a concern.

 

[spursfan77]

I think the sale of the club is essential to any success it has in the future. Man City, Chelsea, Man United and to an extent Liverpool are outspending us. Perhaps with out increased revenue from the new stadium we could have been in a position to match them in the next couple of years, but covid 19 (God That makes me think with a new player’s name and number on the back of his shirt) has stopped that. That would be assuming that our low spend since ENIC took over was to divert money into the stadium project,who knows,perhaps it has just been a case of ENIC making profit!
The danger,now,is that other teams seem to be getting investment eg Everton and so far this window appear to be prepared to spend..
Come on Amazon,come on Bezos, you are filthy rich, buy us,rename the stadium, buy some top players.

Not sure Liverpool are or will be in the near future. Unless they are very clever with transfers and bringing kids through, they'll soon be back fighting with us for fourth.

 

[Metalhead]

Amazon are showing signs of breaking into the football world though.Showing a few games, couple of club documentaries. Isn’t Bezos now the richest man in the world?

Yes.

 

[yankspurs]

Not sure Liverpool are or will be in the near future. Unless they are very clever with transfers and bringing kids through, they'll soon be back fighting with us for fourth.

Jeez there wage bill must be astronomically high with no marketable players at all for their wages to have shot up past revenues increase even though the tv money has sky rocketed. Our wage bill is lower but we can also offset some with marketing as Kane & Son are 2 of the most marketable players in the league.

 

[RichieS]

Not sure Liverpool are or will be in the near future. Unless they are very clever with transfers and bringing kids through, they'll soon be back fighting with us for fourth.

FSG and ENIC are two peas in a pod. They spent their second big sale windfall rather better than we did ours though...

 

[RichieS]

I think the sale of the club is essential to any success it has in the future. Man City, Chelsea, Man United and to an extent Liverpool are outspending us. Perhaps with out increased revenue from the new stadium we could have been in a position to match them in the next couple of years, but covid 19 (God That makes me think with a new player’s name and number on the back of his shirt) has stopped that. That would be assuming that our low spend since ENIC took over was to divert money into the stadium project,who knows,perhaps it has just been a case of ENIC making profit!
The danger,now,is that other teams seem to be getting investment eg Everton and so far this window appear to be prepared to spend..
Come on Amazon,come on Bezos, you are filthy rich, buy us,rename the stadium, buy some top players.

The vast majority of the profit made between 2005 and 2019 was ploughed straight into infrastructure (hence 600m debt rather than 1bn) and the rest has been spent on players over the last year or so. No sign that ENIC have ever just taken money out of the club and stuck it in their pockets.

 

[Who’s our next manager?]

The vast majority of the profit made between 2005 and 2019 was ploughed straight into infrastructure (hence 600m debt rather than 1bn) and the rest has been spent on players over the last year or so. No sign that ENIC have ever just taken money out of the club and stuck it in their pockets.

They are a profit making company so logically they would have taken money

 

[SecretLemonadeDrinker]

Of course and that is what Levy does well but we are never going to get the same level of investment as a rich owner like the way of Chelsea, City etc. As @Who’s our next manager? has said Covid has majorly fucked Levy's plans going forward. Match day income will be nil , unable to rent out the stadium for concerts and other sporting events etc, etc. None of the income we hoped for but still the loans will have to be paid.

The loans have a variety of maturities that average out at 23 years. Spurs don’t have to repay any of them until they mature and, even then, they can choose to refinance if they deem it to be advantageous.

In the meanwhile, Spurs only has to pay the interest on the debt, which is probably less than £20m per annum. Comfortably manageable even in these difficult times. And, in a year or two, life will get back to normal and the stadium will become a cash cow again.

 

[Donki]

The loans have a variety of maturities that average out at 23 years. Spurs don’t have to repay any of them until they mature and, even then, they can choose to refinance if they deem it to be advantageous.

In the meanwhile, Spurs only has to pay the interest on the debt, which is probably less than £20m per annum. Comfortably manageable even in these difficult times. And, in a year or two, life will get back to normal and the stadium will become a cash cow again.

And if interest rates rise, which in a depression they most certainly will?

 

[RichieS]

And if interest rates rise, which in a depression they most certainly will?

Fixed rates? I genuinely have no idea how financing on this scale works so I don't know whether you can get such a thing.

@Who’s our next manager? - unless ENIC are cooking the books, there is literally no record of them having actively taken money out (certainly not in recent years, at least). They will happily take their £1.5bn or so profit when they sell.

 

[Donki]

Fixed rates? I genuinely have no idea how financing on this scale works so I don't know whether you can get such a thing.

@Who’s our next manager? - unless ENIC are cooking the books, there is literally no record of them having actively taken money out (certainly not in recent years, at least). They will happily take their £1.5bn or so profit when they sell.

Fixed rates only usually apply for a certain term of the loan very rarely is it long term on a long term loan. Its why you see a lot of refinancing after the initial *deal*.

 

[fishhhandaricecake]

Not sure Liverpool are or will be in the near future. Unless they are very clever with transfers and bringing kids through, they'll soon be back fighting with us for fourth.

where did they get that we’ve spend £55m this summer? ??‍

 

[RichieS]

where did they get that we’ve spend £55m this summer? ??‍

I don't think they mean just this summer - I think it's more "since last summer" as Bergwijn + Gedson + Højbjerg + Doherty must be about that amount.