A dose of reality

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Lack of champions league football = down to Levy and his fault for not refreshing the squad pre-pandemic when he had the chance to back Poch.

Mourinho = down to Levy and again, his fault ignoring calls from other board members to appoint Nagelsmann and instead making an ego based decision.

Stadium closure is of course due to the pandemic but the entire arguement you present falls apart when you consider that we went 18 months prior to the pandemic without spending money and we have always been tight fisted compared to other clubs, irrespective of the pandemic.

Basically your entire post is a bootlicking exercise and your blatant agenda is completely transparent to everyone here.

You can dress it up behind numbers all you want but ultimately these owners and this chairman are not ambitious where it matters, our chairman is a lying greedy pig and you my friend are as guilty as they are as far as I am concerned for hand waving their shit behaviour constantly.

You're either completely delusional or purposefully ignoring reality to try and twist the narrative so you can defend the indefensible (I expect it's the latter.)

Either that or your a massive troll trying to get a rise.
He's a shill, works for TFC, it's common practice on social media to try and control the narrative.
 
What compensation was football afforded for this via Gov ?

None. Government made a furlong scheme available. Club took this up to ensure that those casual staff who only get paid when they work would still get paid. This was the right thing to do but the newspapers ran their rich man vs poor man crap and it was stopped. As a result, many of our casual staff will not have been paid.

Why would anyone (football included) close their business off the back of Government guidance, without compensation ?

It was government orders to shutdown, not up to the club.

Besides what about the loan from BoE of £150m was that actually spent ? And then weirdly converted to another long term loan through an American bank ?

150m was used to pay of portion of existing loan and then arrange refinancing. We were due to pay entire loan off by 2022 - this has now been extended so that we can pay it off over 30 years (a fantastic bit of business)

How much extra TV revenue did the club get for broadcasting every match on TV last season ? Those rights were not free.

None. We had to REFUND broadcasters 60m for the games that were not played. - Yes thats right, the clubs were asked to take the financial hit - not SKY and BT.

Why did he “gift” the stadium to the NHS for months if it was to destroy his business model for a generation?

It hasn't destroyed the business model and it was a nice thing to do.

FFP - I did hear this has been “suspended due to covid.

No, the 2021 seasons will not be counted for the '3 year rule'. 19 and 20 will be used and then an average over 4 years will be used in 2022.

i.e. the books still need to balance from years 19-22.

At the end of the day if we became the Tavistock Stadium at 30 million a year for 10 years. Then pretty much game on & zero to worry about. It’s telling that this is not happening, no ?

Naming rights delayed since nobody will want to unveil whilst the stadium is empty. Once things are back up and running we will no doubt have a very lucrative deal - probably the best in world football.
 
Why is the club Why can't Levy or Joe gift the club $$$
Financial fair play rules do not allow this. Squad improvements can be made only with club revenue. Yes, City did bend the rules - but that's an entirely different argument.

We could issue more share capital too them. Or they could make a loan - but that would have to be paid back.
This is incorrect, pls amend your post Daniel
 
Stadium Naming Rights

At the end of the day if we became the Tavistock Stadium at 30 million a year for 10 years. Then pretty much game on & zero to worry about. It’s telling that this is not happening, no ?
That is a good point and one I don't have an answer for.

Fair play
 
How much money have we lost due to Stadium Closure, lack of Champs League, refund of TV revenue (COVID), Mourinho
  • 134m fy2020 (difference between 2019 profit). Given improvements in other areas (sponsorship & NFL), the GAP is likely as high as 180m for expected vs reality.
  • 150m fy2021 (estimated by Levy in Nov20 ). This is likely to be higher with the 2nd Covid lockdown, Mourinho failure and prolonged closure of the stadium.
In summary, we are probably close to 400m behind where we would have forecast in 2019.​

Why is the club obsessed with Top 4
Unfortunately, under the current FIFA/UEFA setup (which everyone so desperately didn't want to change) Champions league is a clubs 2nd main source of revenue (behind EPL tv income). There is no (financial) incentive to win domestic cup and domestic league.
  • 2019 for example
  • Champions league final - 108m
  • Champions league last 16 = 63m
  • Domestic competitions (inc a semi final) = 3.1m
Why can't Levy or Joe gift the club $$$
Financial fair play rules do not allow this. Squad improvements can be made only with club revenue. Yes, City did bend the rules - but that's an entirely different argument.

We could issue more share capital too them. Or they could make a loan - but that would have to be paid back.

Sell all this crap lazy players - get new ones!
Every club is in the same boat. There is very little money to be spent. We have to sell players before we can buy them. How much do you expect WInks, Sissoko, Lamela, Aurier to fetch in the current market? 50m tops I would expect....Now you have to find 4 improvements with a 50m budget.

Why didn't we get CONTE - He's a winner
Unless he is happy with a good portion of the existing squad, it ain't going to happen.

Is there any hope?????
  • Stadium reopening
  • Stadium naming rights
  • NFL revenues
  • Sessegnon, Skipp, Scarlett, Devine, Parrott growing into good players for the future
  • With low expectations, the race for top 4 in 2022 should be quite exciting to watch
What a fucking loser.

Either you're Levy or blinded by the BS
 
Ahh yes. The “spurs have no money and can’t compete otherwise we might do a Leeds” bollocks that has been spouted on various Tottenham forums for over a decade. Before it was wage structure and we couldn’t afford players because our stadium was too small. So we build a new stadium which came a decade late but Levy for over a decade said in his own words that the development and cost of the stadium would have no impact on transfer signings. Now it’s COVID has impacted the club so there’s no money like spurs are the only company in the world that has been affected.

in that time we got lucky with an Argentine manager who could pull miracles out of his arse and made the club a fuck load of CL cash, turning 5m players into 60m+ players all whilst maintaining a net profit in transfer sales each season and even going a whole season without buying a single player.

not to mention PL tv revenue which has allowed mid table clubs around us to buy players they could never have got 10 years ago.

but you’re telling us ENIC, Levy and Joe have no money. bullshit.

they’ve made a fucking shit ton of money from spurs. They just don’t want to reinvest any of it.
 
None. Government made a furlong scheme available. Club took this up to ensure that those casual staff who only get paid when they work would still get paid. This was the right thing to do but the newspapers ran their rich man vs poor man crap and it was stopped. As a result, many of our casual staff will not have been paid.

Naming rights delayed since nobody will want to unveil whilst the stadium is empty. Once things are back up and running we will no doubt have a very lucrative deal - probably the best in world football.
These are the rantings of an unstable bootlicking cult member.

As a matter of fact, all your posts are pathetic, just do everyone on here a favour and fuck back off to Levys dungeon you gimp.
 
None. Government made a furlong scheme available. Club took this up to ensure that those casual staff who only get paid when they work would still get paid. This was the right thing to do but the newspapers ran their rich man vs poor man crap and it was stopped. As a result, many of our casual staff will not have been paid.
What counts as casual staff ?

The catering staff were zero hours. The security and FM staff were / are contractors, if they were stepped down then it would have been the contractors applying for Furlough not the club. And the contractors also can claim contractor relief. Genuine question, who were Spurs putting on Furlough ?

It was government orders to shutdown, not up to the club.
government FA / UEFA collectively. But splitting hairs I know. Sport England were handing out money, and the estimate was that collectively the Premier League could lose as much as £2b from a season behind closed doors. I don’t see how they can just “suck it up” But then I get confused as the estimate is that 86% of revenue is from broadcast and commercials and not match day income, which would suggest that the clubs took the hit in the area they could afford


150m was used to pay of portion of existing loan and then arrange refinancing. We were due to pay entire loan off by 2022 - this has now been extended so that we can pay it off over 30 years (a fantastic bit of business)
What loans were paid off with the £150m ? Just curious, I don’t think your wrong, but would be interesting to know if it was necessary or opportunity.

None. We had to REFUND broadcasters 60m for the games that were not played. - Yes thats right, the clubs were asked to take the financial hit - not SKY and BT.
what games were not played? . All fixtures were moved and played. The facility fee per premier league match on tv is £1.2m. The obligation would remain for 2019-20 season regardless.

And for 2020-21 why would the clubs not insist on this fee not being paid for all games, rather than just the agreed contracted games? It seems a daft thing to do when your revenue is already compromised to give your product away for free to the benefit of Comcast, Amazon, BT etc.


It hasn't destroyed the business model and it was a nice thing to do.
Fair enough. I hope Levy does the nice thing by not selling Harry Kane too.
No, the 2021 seasons will not be counted for the '3 year rule'. 19 and 20 will be used and then an average over 4 years will be used in 2022.

i.e. the books still need to balance from years 19-22.
Sorry, not sure what you mean here. Why do the books need balancing at all when the FFP penalty is ridiculously low even when applied to the mega rich ?
Naming rights delayed since nobody will want to unveil whilst the stadium is empty. Once things are back up and running we will no doubt have a very lucrative deal - probably the best in world football.
So why, if the club is in trouble, would the owners Tavistock group, not want to plug the gap now, when it matters ?

Overall it’s a good Job Levy was able to show the same level of prudence as Gordon Brown with the stadium project. Imagine where we would be if it had over run and gone over budget. Good job too he has pandemic insurance to limit the potential risks.
 
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