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Stadium Tottenham Hotspur Stadium

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Matt1882 said:
As long as we're actually paying it all down I'll be happy. But if we're just refinancing it regularly to keep the minimum annual payments down it can't be goof for the future.
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The debts all transferred to bonds mate. We’ve paid off a huge chunk of it before this was done.

Woolwich never did what we did (they’ve just refinanced last year) mortgaged the entire project.

There’s nothing wrong with how we’re structured, it’s taken back many finance bods just how well we’ve nailed this. The red tops stil to this day focus on the debt, they don’t get what we’ve secured and how well geared we are. Our interest repayment is something like 5% of our revenue???

The only real thing that’s hurt us has been losing £70m’ish from being out of CL.
 
JimothySE23 said:
I can't speak for halftime because I don't tend to bother with a halftime drink. Let's face it, even when Spurs are shit I don't see the point in rushing down and throwing a pint down my neck to make it back up to my seat. Each to their own, but I arrive about an hour before KO and have a couple before the game. I've never experienced slow service before a match. If I leave my seat at half time, it's to go to the toilet.

At fulltime, you're right, the queue for the Tube is pretty awful. My strategy with that is to stay in the stadium and have a pint or two as the bigger bars stay open for a fair bit after the game ends with live music. Again, no problems with the speed of service. A couple of postmatch pints and the queue to Seven Sisters is all but gone.

In all honesty, with the pint or two after the match strategy I find getting away a lot less stressful than it was at Wembley. Queuing for the Jubilee line all the way down Wembley Way was a right pain in the ass.
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Yes, that's what we do now, even after a loss, when you just want to go home! Unless you leave five minutes before the end, the queues at WHL, Northumberland Park and even Tottenham Hale are ridiculously long, so you don't get home any earlier.
 
I don't have a problem with the stadium being used for extra-curriculum events. Not only does it bring in revenue for the Club (naively I'm expecting that to be put back into the Club's coffers), it also provides employment for local youngsters. It's unrealistic to expect a billion pound arena to be used only for our games.
 
Zomb said:
Does that mean the freehold cost is higher ergo we have actually higher equity? Why would that be, surely we would want the % as high as poss (or is it the opposite and it looks better on paper)
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Yes the freehold market value will be much higher than the cost included in the accounts, as the cost is 'historic cost' some of which goes back to 1900 when WHL stadium built.

Its not a 'planned' thing, its just the way the accounting works.
 
Matt1882 said:
As long as we're actually paying it all down I'll be happy. But if we're just refinancing it regularly to keep the minimum annual payments down it can't be goof for the future.
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The debt is structured as 'bonds - and bonds have a 'bullet' repayment some 20 + years away. So its not due to be paid back for years to come

Spurs can buy some or all of them (in effect bond/debt is repaid) back ahead of time or indeed repay them when due. - but the only requirement is to repay them when they become due in 20+ years.

Given a need to rebuild the squad, I would expect we will only pay interest for next 3/4/5 years and start buying back bonds after that - probably utilising part of commercial income (eg generated from non -football events and the exhibition and conference business)
 
Matt1882 said:
Whilst it may be an unlikely scenario, coventry City were forced to ground share with Birmingham because their new stadium was/is owned by Wasps who kicked them out.

West Ham merely rent their stadium. I'd love to know what will happened when it falls into disrepair and they start arguing about who has to sort it.

Fastforward 50 years when ours is old and knackered again and almost none of it is paid off with the banks, how will we finance the updates?
I'll be dead (hopefully, don't wanna be 90 and shitting myself 3 times a day) so not my problem. But my grand kids, who no doubt will never have seen Spurs win a trophy, will wonder what grandpa Matt was thinking when he made the family Spurs fans
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What a happy soul you are
 
i guess we only get rental money and part/all the money from the drink/food sales
so the events need to max out that money
Boxing = 6 hours
NFL =+3 hours
Rugby League Magic weekend (2 days) around 6 hours each day
 
Essentially they have kicked the can down the road with the stadium finance but it’s a sensible move in theory. Short term we should reap the rewards of massive revenue increases with pretty small annual repayments. First chunk of repayment £50m is in 12 years time. Even without CL football I’d expect revenue to be pushing £500m when stadium fully running with outside events. And who knows where we will be in 12 years, takeover or super league with a revenue of £1bn or in league 1 lol.
 
At some point Adele is surely going to do a comeback show. I've no doubt that'll be at the Tottenham Hotspur Stadium and will be one of the hottest (and most expensive) tickets in the world when it happens.
 
The flats and Hotel are still on the agenda. I think we might hear quite soon they seem to be pushing ahead with a lot of other stuff around the stadium. Love lane estate opposite stadium has just had permission for demolition so that should see the high road road west scheme accelerated now. The extreme sports centre was just part of an application that’s on the south podium next to where hotel will be.
 
Guido said:
The debts all transferred to bonds mate. We’ve paid off a huge chunk of it before this was done.

Woolwich never did what we did (they’ve just refinanced last year) mortgaged the entire project.

There’s nothing wrong with how we’re structured, it’s taken back many finance bods just how well we’ve nailed this. The red tops stil to this day focus on the debt, they don’t get what we’ve secured and how well geared we are. Our interest repayment is something like 5% of our revenue???

The only real thing that’s hurt us has been losing £70m’ish from being out of CL.
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Other team’s fans don’t understand it too. The brain dead on blue moon in their Kane thread were banging on every day that we’d have to sell him because we are in financial trouble with our debt. Long and the short of it is, there’s a lot of people who don’t even understand basic finance. It should be a prerequisite at school and it might help a lot of people not get into financial difficulty. I know I could have done with the education around it when I was younger.
 
Mrs Perryman said:
I don't have a problem with the stadium being used for extra-curriculum events. Not only does it bring in revenue for the Club (naively I'm expecting that to be put back into the Club's coffers), it also provides employment for local youngsters. It's unrealistic to expect a billion pound arena to be used only for our games.
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It also raises the profile of the club. I must have heard "The Tottenham Hotspurs Stadium" a hundred times Saturday with the boxing coverage, well worth the £25 I paid!
 
Mrs Perryman said:
I don't have a problem with the stadium being used for extra-curriculum events. Not only does it bring in revenue for the Club (naively I'm expecting that to be put back into the Club's coffers), it also provides employment for local youngsters. It's unrealistic to expect a billion pound arena to be used only for our games.
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There you go again with your reasoned and insightful comments. Now let me be clear young lady, I won’t say this again. This board gets confused when people are not being reactionary , bating others or simply having knee jerk responses. So if you have any further sensible/ intelligent comments please refrain from posting, it’s not helpful

i agree about the extra revenue and concerns on where it ends up
 
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Ed Vanderlay said:
There you go again with your reasoned and insightful comments. Now let me be clear young lady, I won’t say this again. This board gets confused when people are not being reactionary , bating others or simply having knee jerk responses. So if you have any further sensible/ intelligent comments please refrain from posting, it’s not helpful
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thanks for the "young lady" - not many people say that to me these days :thumbup:
 
Ed Vanderlay said:
There you go again with your reasoned and insightful comments. Now let me be clear young lady, I won’t say this again. This board gets confused when people are not being reactionary , bating others or simply having knee jerk responses. So if you have any further sensible/ intelligent comments please refrain from posting, it’s not helpful

i agree about the extra revenue and concerns on where it ends up
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Don't bring up the knee FFS!
 
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