He walks in to our lineup. He’s spent multiple seasons as a regular for a title challenger/winner, of course we missed out on him.
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He walks in to our lineup. He’s spent multiple seasons as a regular for a title challenger/winner, of course we missed out on him.
Apart from some piling work to reinforce the foundations done last August, I am not aware of any construction company being announced to start the actual build so why would that figure have increased, if the build was in progress the Skyscrapercity forum would be talking about it but they are not.
The Club construction spend on the planned Hotel next to the stadium in the financial period was circa £3m. The Hotel will need to be part of a significantly larger development with other external stakeholders. This is a long-term project which would be nonrecourse to the Club and be part of the redevelopment of High Road West as well as other sites.
Financial results - year ended 30 June 2024
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Good Find on the "circa £3m" on the summary for financials on the website!
So anyway - See below for Hotel Subsidiary financials.
Link:
TOTTENHAM HOTSPUR HOTEL LTD filing history - Find and update company information - GOV.UK
TOTTENHAM HOTSPUR HOTEL LTD - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk
See 2nd filing from top:
[td]07 May 2025[/td][td]Audit exemption subsidiary accounts made up to 30 June 2024[/td]
[/TR]
These subsidiary financials have even less detail than the parent financials - Not even a simplified Income Statement or Cash Flow Statement.
Looks like ENIC just moved the hotel land from the club parent entity to the hotel subsidiary entity - and it looks like the transferred hotel land is worth 10.5M quid - and the 10.5M is not expenses.
But it's not clear how much the Hotel Subsidiary spent - as again there is only a Balance Sheet - there's No Income Statement or Cash Flow Statement which makes it's impossible to know how much was spent. It's a real lack of transparency.
Also, I'd like to point out the "circa £3m" seems to just be for construction/piling work - It likely does not include the planning approval/design/other pre-development work - which is likely done for the hotel but for the high rise resi-towers, the expenses were no doubt large.
On a separate but related note, I wonder how much the lawyer fees were for the dispute below? Big London law firms charge 1,000 to 2,000 quid per hour of work (which is crazy but a separate discussion). Anyway, this lawsuit is so Levy:
Spurs lose challenge to £2bn Lendlease scheme in Tottenham
A £2bn Lendlease scheme in North London can go ahead after a High Court judge dismissed objections to its planning permission
www.constructionnews.co.uk
Some of the initial hotel build cost would be included somewhere in the stadium build. The hotel car park , basement and initial foundations were completed during the stadium build, the hotel car park links to the existing stadium car parks and when it opens will use the Park Lane entrance.Good Find on the "circa £3m" on the summary for financials on the website!
So anyway - See below for Hotel Subsidiary financials.
Link:
TOTTENHAM HOTSPUR HOTEL LTD filing history - Find and update company information - GOV.UK
TOTTENHAM HOTSPUR HOTEL LTD - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
See 2nd filing from top:
[TR]
[td]07 May 2025[/td][td]Audit exemption subsidiary accounts made up to 30 June 2024[/td]
[/TR]
These subsidiary financials have even less detail than the parent financials - Not even a simplified Income Statement or Cash Flow Statement.
Looks like ENIC just moved the hotel land from the club parent entity to the hotel subsidiary entity - and it looks like the transferred hotel land is worth 10.5M quid - and the 10.5M is not expenses.
But it's not clear how much the Hotel Subsidiary spent - as again there is only a Balance Sheet - there's No Income Statement or Cash Flow Statement which makes it's impossible to know how much was spent. It's a real lack of transparency.
Also, I'd like to point out the "circa £3m" seems to just be for construction/piling work - It likely does not include the planning approval/design/other pre-development work - which is likely done for the hotel but for the high rise resi-towers, the expenses were no doubt large.
On a separate but related note, I wonder how much the lawyer fees were for the dispute below? Big London law firms charge 1,000 to 2,000 quid per hour of work (which is crazy but a separate discussion). Anyway, this lawsuit is so Levy:
Spurs lose challenge to £2bn Lendlease scheme in Tottenham
A £2bn Lendlease scheme in North London can go ahead after a High Court judge dismissed objections to its planning permission
Skyscrapercity forum on the stadium has a whole load of info on the land purchased by the club going back years , as far as I can make out all the stadium land, Lilywhite House , Hotel/Residential towers still come somewhere under the Tottenham Hotspur Ltd and subsidiaries umbrella.
According to Skyscraper forum land to the west of the High Rd has been transferred to another ENIC company not registered in the UK but can be found at Companies House , its TH Property Ltd company number OE025159, person with significant control Lufty Ossman , it's Bahamas address is the same as ENIC that control the club.
Lufty Ossman must be worth investigating.
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I'm not convinced he'd have made an impact here, bearing in mind he plays in Son's position.
Similar to Jota, who is a regular feature of their line-up, but IMO is replaceable. There are players who are good in a system, but the system does the hard work - kind of the basis of how Brighton and Brentford have sold players with little impact to their actual team.
Good Find on the "circa £3m" on the summary for financials on the website!
So anyway - See below for Hotel Subsidiary financials.
...
These subsidiary financials have even less detail than the parent financials - Not even a simplified Income Statement or Cash Flow Statement.
Looks like ENIC just moved the hotel land from the club parent entity to the hotel subsidiary entity - and it looks like the transferred hotel land is worth 10.5M quid - and the 10.5M is not expenses.
But it's not clear how much the Hotel Subsidiary spent - as again there is only a Balance Sheet - there's No Income Statement or Cash Flow Statement which makes it's impossible to know how much was spent. It's a real lack of transparency.
Also, I'd like to point out the "circa £3m" seems to just be for construction/piling work - It likely does not include the planning approval/design/other pre-development work - which is likely done for the hotel but for the high rise resi-towers, the expenses were no doubt large.
On a separate but related note, I wonder how much the lawyer fees were for the dispute below? Big London law firms charge 1,000 to 2,000 quid per hour of work (which is crazy but a separate discussion). Anyway, this lawsuit is so Levy:
Spurs lose challenge to £2bn Lendlease scheme in Tottenham
A £2bn Lendlease scheme in North London can go ahead after a High Court judge dismissed objections to its planning permission
Pretty sure that there wouldn't be any detail because, right now, it is just a holding company.
It was the same during the stadium built - I might have done a thread on it or something a decade ago. There was around 50 companies set up and then mothballed over that period. It probably has some clever economical or business administration purpose, but they seem to do a lot of these things separately to the footballing administration no doubt due to how delicate a lot of the FFP stuff can be.
As per the lawsuit thing, they are often daft games that get played in order to protect a big asset - in that particular case:
In other words, making a move to establish that the stadium should retain clear access to the local transport.
I can't see how anyone would see criticism in it, considering the land is smack bang between the two:
Found this on Skyscrapercity , have to paste the whole lot as I can't find a link , looks like we were doing a Chelsea before Chelsea but not to evade PSR. Not sure under whose control Lilywhite House comes now but these words are interesting , so did ENIC put up the money or ultimately the club.Good Find on the "circa £3m" on the summary for financials on the website!
So anyway - See below for Hotel Subsidiary financials.
Link:
TOTTENHAM HOTSPUR HOTEL LTD filing history - Find and update company information - GOV.UK
TOTTENHAM HOTSPUR HOTEL LTD - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
See 2nd filing from top:
[TR]
[td]07 May 2025[/td][td]Audit exemption subsidiary accounts made up to 30 June 2024[/td]
[/TR]
These subsidiary financials have even less detail than the parent financials - Not even a simplified Income Statement or Cash Flow Statement.
Looks like ENIC just moved the hotel land from the club parent entity to the hotel subsidiary entity - and it looks like the transferred hotel land is worth 10.5M quid - and the 10.5M is not expenses.
But it's not clear how much the Hotel Subsidiary spent - as again there is only a Balance Sheet - there's No Income Statement or Cash Flow Statement which makes it's impossible to know how much was spent. It's a real lack of transparency.
Also, I'd like to point out the "circa £3m" seems to just be for construction/piling work - It likely does not include the planning approval/design/other pre-development work - which is likely done for the hotel but for the high rise resi-towers, the expenses were no doubt large.
On a separate but related note, I wonder how much the lawyer fees were for the dispute below? Big London law firms charge 1,000 to 2,000 quid per hour of work (which is crazy but a separate discussion). Anyway, this lawsuit is so Levy:
Spurs lose challenge to £2bn Lendlease scheme in Tottenham
A £2bn Lendlease scheme in North London can go ahead after a High Court judge dismissed objections to its planning permission
"ENIC has subsequently financed the Phase 1 development through to completion which includes the Supermarket, commercial space and incorporates the northern access podium for the stadium development."
Stadium and Associated Development Update (Northumberland Development Project “NDP”
The Club has undertaken a review of its property holdings in order to determine the essential core properties required to deliver the new stadium, with non-core properties, that are excess to requirements, being sold and the proceeds used to pay down debt secured against those properties.
As a result, Phase 1 of the NDP and a number of properties to the west of the High Road have been divested, at arm's length, to a Group company, TH Property Limited a subsidiary of ENIC International (‘’ENIC’’), the Company’s principal shareholder. This has been agreed through a process of independent valuations that has been approved by the Club’s independent Non-Executive Directors.
ENIC has subsequently financed the Phase 1 development through to completion which includes the Supermarket, commercial space and incorporates the northern access podium for the stadium development.
By transferring these non-core sites, the Club continues to be able to determine the development and the nature and setting of the immediate environs around the new stadium, particularly given that Phase 1 will be linked to the stadium podium, whilst additionally securing space in the Phase 1 building for the Club’s staff and project team ahead of the start of construction of the stadium.
In respect of the next stage of the new stadium process, a Public Inquiry was held in April 2013 relating to the last remaining property to be acquired so that we can move forward with completing land assembly and we currently await the Secretary of State’s decision on the Compulsory Purchase Order (‘’CPO’’). During the delay in land acquisition, we have continued to progress the stadium finance plans with advice from N M Rothschild.
It is a major development that will present ongoing challenges and subject to these challenges being manageable we anticipate going out to tender for construction late this year which will make a stadium opening date of Summer 2017 feasible.
We welcome the ongoing commitment from, and continue to work closely with, National Government, the Greater London Authority and Haringey Council, to deliver regeneration and make Tottenham a better place to live, work, study, play and visit – a vision supported in the newly adopted Tottenham Strategic Regeneration Framework.
Fundraising
In addition to acquiring the non-core properties and financing the Phase 1 build, ENIC has supported the Club by way of an interest free, unsecured loan of £40m. This loan will be converted, subject to shareholder approval, into non-voting preference share capital. A circular will be dispatched to shareholders in due course.
The sale of the properties has extinguished the Club's property borrowing which had accumulated over the last decade - a decade which has seen the club acquire over 18 acres of land, successfully relocate 72 businesses, with the majority staying in the area, and invest in excess of £100m in the stadium project.
The finance has ensured that, throughout the CPO process, the ongoing costs of design development, pre-construction works and the costs associated with the CPO itself, have not affected the progress of this project.
Importantly, this support leaves the Club in a position where it currently has negligible net debt and has financing for the material ongoing costs of taking the stadium project to the next stage. It has always been important that the daily operations and football side of the Club remain unaffected and that the Club has the stability to enable the Board to move the project forward with confidence.
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I think this apparent strategy of signing young players with potential is a way of reducing the wage bill.
Okay I stand corrected Levy isn't presently the highest paid chairman/CEO in the Premier League.
The point was never ''he's the highest paid director'' it was something that I said to relate to the main point which was from the excerpt of the 1997 article when discussing Rangers he was quoted as saying ''we chose football because it's the most popular sport on Earth and the biggest money spinner'' that comment isn't just relevant to Rangers but to the sport as a whole. So I'll correct my comment to, 4 years later, he and ENIC took over Spurs and during that time he's been the highest paid chairman in the league, and in the top three now.
During Levy's time at this club, Manchester City have been a very successful club, I know they're being investigated for cheating, but with their success it would follow that their director should be handsomely paid. So if said successful director goes to Manchester United he's done the job well enough to warrant being the highest paid Chairman/CEO/Director or whatever his role title is. What's Levy ever done to make the club successful and warrant being the highest paid Chairman when it's occurred?
Te me the behaviour matches the 1997 article excerpt quote that I have already relayed in this post.
Woolwich have a wage structure
Liverpool also has a structure for new signings - making out like they don't is a complete fabrication - Wirtz is reportedly on 200k a week - something which all the big clubs could have matched or bettered, with there being several reports that he chose Liverpool for Slot and how he would be utilised
Inside Florian Wirtz’s Liverpool transfer: Why rivals missed out, Slot’s role and falling for Kirkby
The full story of how Anfield's powerbrokers secured a record-breaking deal for the German playmaker
www.nytimes.com
There is nothing to stop us from doing it - we again - need more than just money - a manager hanging around for longer than 2 years and a trophy will help.
You really think if we offered Wirtz 250k a week and matched Liverpool's price he would choose us?
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No, you're misappropriating 'success'.
There are individuals responsible for on-field performance, and individuals responsible for off-field performance.
Man City have won some trophies, but they are still in a council-owned stadium, with 115-or-so charges hanging over them, plus a ton of FFP grievances, plus just been fined another £1m for not keeping to half-time timings, and then they are only profitable by having proxy-sponsorship. They regularly have empty seats in the stadium and have a transient fan base.
They are a successful team, but they are not a successful club.
It is absolutely next-world mental if you're suggesting the club hasn't been successful off-field in the past 25 years. We're comfortably the most financially stable club in the entire FA pyramid, with the best facilities and best stadium. We're the only club that has organically infiltrated the "big 3" of Liverpool, Man Utd, and Woolwich. The revenue the club generates is absurd for a club that hasn't won the league in 64 years.
The starting point for all that was a debt-ridden miserable shell of a club with a gooner manager. Little-to-no external funding - all by the books and by the rules.
Whatever your position on why you dislike Levy or ENIC, you have absolutely no credibility if you belittle what has been acheived for the club since 2001.
Woolwich have a wage structure
Liverpool also has a structure for new signings - making out like they don't is a complete fabrication - Wirtz is reportedly on 200k a week - something which all the big clubs could have matched or bettered, with there being several reports that he chose Liverpool for Slot and how he would be utilised
Inside Florian Wirtz’s Liverpool transfer: Why rivals missed out, Slot’s role and falling for Kirkby
The full story of how Anfield's powerbrokers secured a record-breaking deal for the German playmaker
There is nothing to stop us from doing it - we again - need more than just money - a manager hanging around for longer than 2 years and a trophy will help.
You really think if we offered Wirtz 250k a week and matched Liverpool's price he would choose us?
Yes, 250k pw I think he’d definitely consider it.
The actual amount he’s been offered is unclear. Reports in Germany are much higher.
But I agree there’s nothing to to stop us signing a player for 100m and on 200k pw but our wage structure doesn’t allow it.
That’s the difference between Liverpool and us.
Levy said recently he wants us to win PL and champions league. Lets see what he does in transfer market this summer. If underwhelming then the bloke is severely deluded.
Yes yes I already said that Manchester City are under investigation for cheating, you seem to have added that to your post as if I hadn't, and that you're enlightening me about something.
The point of football is to win things, it's not about having a fancy hut to get changed in.
You can bet your ass that most supporters would trade all of Levy's machinations and projects for a successful football team. That seems to have become something that comes some way behind erecting buildings, and all these other projects, for Levy and those of you that prefer his activities to the actual football that Spurs play.
The stadium was meant to be a game changer so some people got behind that idea, an idea that has come to nothing, Spurs actually had better players and a better team in the old stadium before it was closed down, than they have now, or since.
Well it makes as much sense.
We need a top DM, RW and AM with a cover left back.
If we are serious and end up with Mbeumo/Semenyo, Eze/Simons, decent DM and an ok left back I think we have shown ambition to fight for something.
If my aunt had meat and two veg she'd be my uncle.
How do you recognise them?
By paying attention to the details.