What's new

Where is the money coming from?

SamR

Well-Known Member
Jan 31, 2006
1,214
2,440
Couple of thoughts on this:

1. We haven't spent a huge amount (yet).
2. It's a buyers market to some degree. Good time to invest when player value has flattened a bit and some clubs sadly need cash.
3. Once fans are allowed back, we'll grow revenue faster than a large % of clubs

Perhaps there has been some refinancing done or some kind of deal on sponsorship - Birch joining gives a bit more of a argument to that.

Nonetheless, buzzing if we being in a CB and Striker too. Jose, Bale, Kane... Not many chances like this do stars align.
 

hellava_tough

Well-Known Member
Apr 21, 2005
9,429
12,382
Couple of thoughts on this:

1. We haven't spent a huge amount (yet).
2. It's a buyers market to some degree. Good time to invest when player value has flattened a bit and some clubs sadly need cash.
3. Once fans are allowed back, we'll grow revenue faster than a large % of clubs

Perhaps there has been some refinancing done or some kind of deal on sponsorship - Birch joining gives a bit more of a argument to that.

Nonetheless, buzzing if we being in a CB and Striker too. Jose, Bale, Kane... Not many chances like this do stars align.

Pretty much the above.

I also think that most fans don't realise how loaded we are as a club. Although this is offset by Levy being risk adverse in his business dealings. Ultimately, we do have money to spend if the right player becomes available (ITKs have said as much).

We'll see what happens in the rest of the transfer window. We have the means to drop 100m to 150m net, if we really wanted to, but it's unlikely.

If we went out and spent 200m to 300m, then I'd think something was up. But anything less, is still within our means.
 

whitesocks

The past means nothing. This is a message for life
Jan 16, 2014
4,652
5,738
Perhaps the players' wages are directly linked to the stadium attendance?
 

Lighty64

I believe
Aug 24, 2010
10,400
12,476
According to Wiki, his net worth has increased by about 10% since 2018. Maybe he needed to offload some cash so he could close the door to his vault in the Bahamas ?

On a more serious note, FFP limits how much Joe Lewis can invest per year, but our record profits for 2018-19 mean the club could run at a significant loss this year without risk of FFP implications. Some of our rivals will have to manage a tighter ship.

as FFP has been relaxed for 2 seasons due to what has happened then you're definitely on the wrong road
 

Neon_Knight_

Well-Known Member
Jul 20, 2011
3,972
6,597
as FFP has been relaxed for 2 seasons due to what has happened then you're definitely on the wrong road
Only for 2 seasons? I thought they'd been pretty relaxed since initial implementation (for the big clubs at least). ?
 

Neon_Knight_

Well-Known Member
Jul 20, 2011
3,972
6,597
unless it's changed since the City decision the last I heard it was for 2 seasons.
The City decision is exactly what I mean. They were guilty of repeated FFP breaches (they were already "punished" in 2014) over an extended number of years, since the rules were introduced (phased in 2012-2015). UEFA failed to punish them within the required 3-year window, so Man City got away with it - therefore FFP is relaxed. Evidently, it doesn't matter whether to top-flight clubs whether UEFA has announced a relaxation of the rules due to COVID-19 - even without a relaxation, UEFA was already failing to hold the biggest offenders to account and had set the precedent that rich clubs with expensive lawyers can get away with flouting FFP rules if they want.
 

Lighty64

I believe
Aug 24, 2010
10,400
12,476
The City decision is exactly what I mean. They were guilty of repeated FFP breaches (they were already "punished" in 2014) over an extended number of years, since the rules were introduced (phased in 2012-2015). UEFA failed to punish them within the required 3-year window, so Man City got away with it - therefore FFP is relaxed. Evidently, it doesn't matter whether to top-flight clubs whether UEFA has announced a relaxation of the rules due to COVID-19 - even without a relaxation, UEFA was already failing to hold the biggest offenders to account and had set the precedent that rich clubs with expensive lawyers can get away with flouting FFP rules if they want.

yes but the original post I quoted of yours said

FFP limits how much Joe Lewis can invest per year, but our record profits for 2018-19 mean the club could run at a significant loss this year without risk of FFP implications. Some of our rivals will have to manage a tighter ship.

even without our profits 2018/19 if our owners went mad for the next 2 seasons we can't be punished. also if some of our rivals wanted to invest heavily they wouldn't need that tighter ship if they have the funds to do so
 

dontcallme

SC Supporter
Mar 18, 2005
33,903
81,489
I said at the beginning of the window that clubs that previously had no financial need to sell would be struggling.

Levy and ENIC look for value so this summer is a good time to spend.
 
Last edited:

VegasII

Well-Known Member
May 14, 2008
9,750
16,670
Levy couldn’t sleep one night and caught sight of Richard Pryor’s financial antics in Superman 3.
 

Neon_Knight_

Well-Known Member
Jul 20, 2011
3,972
6,597
I said at the beginning of the window that clubs that previously had no financial need to spend would be struggling.

Levy and ENIC look for value so this summer is a good time to spend.
That had no need to spend or no need to sell?

(Just checking your meaning - not being a grammar nazi)
 

Neon_Knight_

Well-Known Member
Jul 20, 2011
3,972
6,597
I said at the beginning of the window that clubs that previously had no financial need to sell would be struggling.

Levy and ENIC look for value so this summer is a good time to spend.
Even our most expensive signing so far (Reguilon) looks very good value on paper.

If we round off what has already been a great transfer window with a CB + CF (and maybe even another midfielder too), it will be interesting to see how long the mood shift in the 'ENIC' thread lasts. If Kane + new CF both get injured, it might be Levy's fault for not taking full advantage of the current climate to sign a backup for the backup CF. :rolleyes:
 

spursfan77

Well-Known Member
Aug 13, 2005
46,679
104,956
Feel like this thread is a bit premature as we haven’t actually spent that much yet.

Talk of big money being spent on 2 or 3 more players is just that at the moment. Talk.

Definitely looking that way now. Still no new striker in
 

dagraham

Well-Known Member
Sep 20, 2005
19,115
46,078
Definitely looking that way now. Still no new striker in

Yep. Talk of balancing the books again. No surprise whatsoever. People getting carried away with supposition and positive ITK ( which has never said we will be spending big, just encouraging talks).

For me, past behaviour is the biggest indicator of future behaviour and we’ve always followed the same m.o.
 
Last edited:

Hazelton

Unknown Member
Jul 11, 2011
5,511
19,216
Only time will tell but personally I think Levy sees this season as our last throw of the dice. I think the fact that he's brought Jose in and is backing him with big money and big names, during an economically unstable period, indicates that we're going all out this year. "All or nothing", so to speak.

The only problem is that Levy wouldn't do this without a contingency plan and I think if we fail to win a trophy and finish top four this season, Kane goes and recoups the money we've spent this summer. I think Levy only accepts this as net spend if we achieve our targets.
 
Top