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Tomo said:
It’s pretty damming it basically says we are a football club with no football ambition.
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Tomo said:
Quite a number of articles having a go at the club recently.

Does feel like the shambles of other big clubs like Man United and Everton mostly took the media attention for many years but now it’s our turn

The key issue holding Tottenham and Ange Postecoglou back - and why Daniel Levy should be...​

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www.dailymail.co.uk
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Strange club, Tottenham, but a win is a win and on Thursday they had two. A double, if you fancy triggering older fans with other memories of the term.

We can return to the merits of scratching past Hoffenheim in Europe, but first let’s rewind to a few hours earlier, before their slog against the 15th-ranked team in Germany. That takes us to the morning and the publication of Deloitte’s Money League report, showing how the bean counters at our various clubs are getting on.

Now, those are happier league tables for Spurs, because they have beans stacked as high as the eye can see. Big beans for big boys, and by revenue they are the ninth biggest boy in the footballing world. Fifth biggest in the Premier League.

It’s all there in the bars of a chart – Tottenham’s earnings for the 2023-24 season amounted to £519.5million, not factoring in their transfer dealings, and that is a roaring trade. For accounts drawn one year on from their last appearance in the Champions League, in 22-23, the numbers are sublime, actually.

So, happy shareholders, happy life; the flick, the trick, the graphs that make Daniel Levy tick.

The peculiarities of his reign are no secret by now, not after 24 years, but they are always worth a re-examination when fresh numbers come in, as they did on Thursday. I’m thinking specifically about the wages as a percentage of turnover, which sounds dry. And it is. But it’s the metric that tells us if a club is willing to live a little or too much.

Tottenham are spending a paltry amount on wages as a percentage of their revenue compared to their rivals
They could bring in three big-name stars on £250,000 per week and still not be spending half of their revenue on wages
Why bring in a full-throttle manager like Ange Postecoglou if you will not back him with a sufficient squad?
In Tottenham’s case, the spend on wages in 2024 was 42 per cent of revenue, so around £218m, and the figure requires some context through comparison. That being both a comparison to their own behaviours, showing this to be Spurs’s lowest commitment by percentage in the past five seasons, and a comparison to their competition.

Going in order of the revenues with which Deloitte ranked the nine British clubs in the world’s top 20, Manchester City spent 57 per cent of their £706.8m turnover on wages (£403.4m), and they might be seen as our standard bearer, pending the outcome of deeper enquiries.

Next up is Manchester United, who operated at 56 per cent (£364m on wages), pursued by Woolwich at 53 per cent (£320m) and Liverpool at 63 per cent (£380m). Then it was Spurs, followed by Chelsea (72 per cent, £331.7m), Newcastle (68 per cent, £213m), West Ham (58 per cent, £157m), and Aston Villa (96 per cent, £251m).

We might look at one of the two outliers in that sample, which is Villa, who gambled 90 per cent or more of their turnover on wages in three of the past five seasons. It contributed to a place in the Champions League, so they are probably cool with their lot, but the fact Douglas Luiz now plays for Juventus tells of their proximity to cliff edge. Just as United demonstrated that £364m can be easily wasted.

Those figures highlight an inexactness in the art, but they also offer a guideline for where the richer clubs draw their lines. How they quantify ambition. And when we look at it that way, Levy’s beans suddenly don’t appear very big at all.

They are the beans of a man who has committed upwards of 47 per cent on wages just once in the past five seasons. They are the beans of a man who isn’t even remotely close to the middle ground between extreme caution and recklessness. The beans of an executive who could sign three high-tier players on £250,000 a week, £39m a year combined, and still be within 50 per cent of turnover. Levy should be embarrassed by those beans. They are the beans of institutional cowardice.

And isn’t that horribly out of place at a club that markets itself on daring and doing?

It’s a club that appointed a cavalier in Ange Postecoglou, but left him relying on five teenagers to see out the game against Hoffenheim on Thursday. A club that went into the tie four players short of a full bench, with a cast of exhausted men on the pitch, and is yet to sign a senior outfielder in the January market.

As a comparison, Aston Villa are spending 96 per cent of their revenue on players' wages
Spurs face an injury crisis but still haven't been backed in the transfer market this January
I admire Postecoglou, I find him exciting and different, which isn’t the same as believing there is vast wisdom in his method.

There is also a question to be asked about the sense in appointing a manager with a high-intensity style, with all the burnout issues we have gone on to see, when you aren’t prepared to supply him with a squad able to satisfy demands.

But Postecoglou has big beans and we can all agree on that. He is striving, being bold, and his exasperation is growing by the week. On Friday, ahead of Sunday’s game of dire need against Leicester, he said Tottenham would be ‘playing with fire’ if reinforcements don’t arrive in the next week.

But is Levy even listening? Does he pay any notice to those social media posts flagging that his previous three managers sat first in Italy, second in Turkey and third in the Premier League going into this weekend? Were they all solely the problem? Was Antonio Conte a mile off-beam with his moaning?

If we are to give Levy his due, beyond the magnificence of the stadium, it is that he has splashed plenty on transfers in the past few seasons and he has kept the club safe from the PSR buzzards.

But wages, not fees, are the key to landing the best players and to date only Levy’s salary, which has fluctuated between £3.5m and 6.5m of late, would rank as best in class for the division.

Going above his ceiling of £200,000 a week to change Tottenham’s narrative? Good luck to Postecoglou if he is privately nudging in that direction, even if these latest figures prove, yet again, the club is operating a mile within itself.

And that’s a shambles, really. A stain. A contradiction of what Levy says in public about feeling the same heartbeat as Tottenham’s fans. They are words he has used since day one, as contained in his very first set of programme notes, in March 2001.

Does Levy even notice Postecoglou's protestations that Spurs are 'playing with fire' by not signing anybody?
Levy contradicts himself about feeling the same heartbeat as Spurs fans - his focus is squarely on profit
Though Spurs have spent on transfers in recent seasons, fans have long been frustrated with tight purse strings
I dug them out this week, and he talks about being a supporter on the West Stand at White Hart Lane, of wearing rosettes and idolising Gazza and Lineker. That kind of tone.

But there’s also a bit on spending, as it happened, and naturally that is what catches the eye now.

‘Sir Alan (Sugar) faced the same challenges we do now balancing the needs of shareholders, who want profit, with those of the fans, who want success on the pitch,’ he wrote. ‘Sometimes, the two do not go together. It is a balancing act.’

With each set of accounts, it becomes clearer that only one side of the line ever mattered. Postecoglou should pour himself a double.
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"But wages, not fees, are the key to landing the best players and to date, only Levy's salary, which has fluctuated between £3.5m and £6.5m of late, would rank as best in class for the division"


BOOOOOMMMM!!!!
abell46s-reface.gif


Take that, Levy lovers

Great article, btw. Thanks for sharing.
 
"They are the beans of a man who has committed upwards of 47 per cent on wages just once in the past five seasons. They are the beans of a man who isn’t even remotely close to the middle ground between extreme caution and recklessness. The beans of an executive who could sign three high-tier players on £250,000 a week, £39m a year combined, and still be within 50 per cent of turnover. Levy should be embarrassed by those beans. They are the beans of institutional cowardice."

Best paragraph. 39m/year is 750k/week, so it could even be 5x 150k/week players too.
 
Tomo said:
It’s pretty damming it basically says we are a football club with no football ambition.
Click to expand...
Click to shrink...
We really aren't. Levy's own football ambition seems to have died with the stadium completion and Kane leaving. Had Paratici still been in house he would probably have set the ambition for the club on the field. But he got banned and we replaced him with yet another bean counter and all that the actual football people can seemingly get away with is recruiting promising youngsters to develop.

I long for the days when we were fighting for 4th-5th and trying to win a cup.
 
ShutUpPatrik said:
We really aren't. Levy's own football ambition seems to have died with the stadium completion and Kane leaving. Had Paratici still been in house he would probably have set the ambition for the club on the field. But he got banned and we replaced him with yet another bean counter and all that the actual football people can seemingly get away with is recruiting promising youngsters to develop.

I long for the days when we were fighting for 4th-5th and trying to win a cup.
Click to expand...
Click to shrink...

Partici is still there as a consultant by all accounts, he just can't get involved in transfers.
 
paddyspurs said:
"They are the beans of a man who has committed upwards of 47 per cent on wages just once in the past five seasons. They are the beans of a man who isn’t even remotely close to the middle ground between extreme caution and recklessness. The beans of an executive who could sign three high-tier players on £250,000 a week, £39m a year combined, and still be within 50 per cent of turnover. Levy should be embarrassed by those beans. They are the beans of institutional cowardice."

Best paragraph. 39m/year is 750k/week, so it could even be 5x 150k/week players too.
Click to expand...
Click to shrink...
There was a lot of beans in that article. More than I expected.

Can’t disagree with your wages maths.

However, how much do players worth £250k per week cost? £100m each? Plus signing bonus. Plus agent fee. So maybe £360m? Where’s that coming from when we lost £90m last year? It’s two thirds of our revenue.

Similar figures for the five players on £150k per week too.

I’d love for us to sign such players but we have to be realistic. Until we get better at shifting squad players for big money (think back to the days of Wimmer going for £18m), or have a thriving academy that means we can sell club trained players for similarly big money, we are going to struggle to do so and will have to keep looking at optimistic signings.
 
Tomo said:
Maybe when his ban is over getting the dodgy Italian Del Boy genius back in a big way might be the ticket who knows.
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This is what I suspect will happen since Fabio is still at damn near every home game and is some sort of advisor to Levy.

Fabio returns and becomes the head of the football side once more, with Munn either let go as a fall guy (like many people here always suspected), or he is shuffled vertically to some form of head of business role. Lange either leaves but is probably just kept on in his current role, possibly with it renamed something like head of player scouting/recruitment.
 
Kane you believe it said:
You think the board hired an amateur manager?

That's quite a damning indictment, I've never thought of it like that till now
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I've said repeatedly that Ange never should have been given an interview for the THFC managers post, much less hired. He has no relevant impressive experience that would incline one to think he could handle a club this size in a league this competitive.
 
ShutUpPatrik said:
We really aren't. Levy's own football ambition seems to have died with the stadium completion and Kane leaving. Had Paratici still been in house he would probably have set the ambition for the club on the field. But he got banned and we replaced him with yet another bean counter and all that the actual football people can seemingly get away with is recruiting promising youngsters to develop.

I long for the days when we were fighting for 4th-5th and trying to win a cup.
Click to expand...
Click to shrink...
When is Paratici’s ban up? He has the drive (on the face of it), we lack
 
ShutUpPatrik said:
This is what I suspect will happen since Fabio is still at damn near every home game and is some sort of advisor to Levy.

Fabio returns and becomes the head of the football side once more, with Munn either let go as a fall guy (like many people here always suspected), or he is shuffled vertically to some form of head of business role. Lange either leaves but is probably just kept on in his current role, possibly with it renamed something like head of player scouting/recruitment.
Click to expand...
Click to shrink...
Paratici will sack that nerd Lange in hours
 
paddyspurs said:
"They are the beans of a man who has committed upwards of 47 per cent on wages just once in the past five seasons. They are the beans of a man who isn’t even remotely close to the middle ground between extreme caution and recklessness. The beans of an executive who could sign three high-tier players on £250,000 a week, £39m a year combined, and still be within 50 per cent of turnover. Levy should be embarrassed by those beans. They are the beans of institutional cowardice."

Best paragraph. 39m/year is 750k/week, so it could even be 5x 150k/week players too.
Click to expand...
Click to shrink...

"INSTITUTIONAL COWARDICE"

thank-you.gif
 
Tomo said:
Quite a number of articles having a go at the club recently.

Does feel like the shambles of other big clubs like Man United and Everton mostly took the media attention for many years but now it’s our turn

The key issue holding Tottenham and Ange Postecoglou back - and why Daniel Levy should be...​

Share
www.dailymail.co.uk
direct
Strange club, Tottenham, but a win is a win and on Thursday they had two. A double, if you fancy triggering older fans with other memories of the term.

We can return to the merits of scratching past Hoffenheim in Europe, but first let’s rewind to a few hours earlier, before their slog against the 15th-ranked team in Germany. That takes us to the morning and the publication of Deloitte’s Money League report, showing how the bean counters at our various clubs are getting on.

Now, those are happier league tables for Spurs, because they have beans stacked as high as the eye can see. Big beans for big boys, and by revenue they are the ninth biggest boy in the footballing world. Fifth biggest in the Premier League.

It’s all there in the bars of a chart – Tottenham’s earnings for the 2023-24 season amounted to £519.5million, not factoring in their transfer dealings, and that is a roaring trade. For accounts drawn one year on from their last appearance in the Champions League, in 22-23, the numbers are sublime, actually.

So, happy shareholders, happy life; the flick, the trick, the graphs that make Daniel Levy tick.

The peculiarities of his reign are no secret by now, not after 24 years, but they are always worth a re-examination when fresh numbers come in, as they did on Thursday. I’m thinking specifically about the wages as a percentage of turnover, which sounds dry. And it is. But it’s the metric that tells us if a club is willing to live a little or too much.

Tottenham are spending a paltry amount on wages as a percentage of their revenue compared to their rivals
They could bring in three big-name stars on £250,000 per week and still not be spending half of their revenue on wages
Why bring in a full-throttle manager like Ange Postecoglou if you will not back him with a sufficient squad?
In Tottenham’s case, the spend on wages in 2024 was 42 per cent of revenue, so around £218m, and the figure requires some context through comparison. That being both a comparison to their own behaviours, showing this to be Spurs’s lowest commitment by percentage in the past five seasons, and a comparison to their competition.

Going in order of the revenues with which Deloitte ranked the nine British clubs in the world’s top 20, Manchester City spent 57 per cent of their £706.8m turnover on wages (£403.4m), and they might be seen as our standard bearer, pending the outcome of deeper enquiries.

Next up is Manchester United, who operated at 56 per cent (£364m on wages), pursued by Woolwich at 53 per cent (£320m) and Liverpool at 63 per cent (£380m). Then it was Spurs, followed by Chelsea (72 per cent, £331.7m), Newcastle (68 per cent, £213m), West Ham (58 per cent, £157m), and Aston Villa (96 per cent, £251m).

We might look at one of the two outliers in that sample, which is Villa, who gambled 90 per cent or more of their turnover on wages in three of the past five seasons. It contributed to a place in the Champions League, so they are probably cool with their lot, but the fact Douglas Luiz now plays for Juventus tells of their proximity to cliff edge. Just as United demonstrated that £364m can be easily wasted.

Those figures highlight an inexactness in the art, but they also offer a guideline for where the richer clubs draw their lines. How they quantify ambition. And when we look at it that way, Levy’s beans suddenly don’t appear very big at all.

They are the beans of a man who has committed upwards of 47 per cent on wages just once in the past five seasons. They are the beans of a man who isn’t even remotely close to the middle ground between extreme caution and recklessness. The beans of an executive who could sign three high-tier players on £250,000 a week, £39m a year combined, and still be within 50 per cent of turnover. Levy should be embarrassed by those beans. They are the beans of institutional cowardice.

And isn’t that horribly out of place at a club that markets itself on daring and doing?

It’s a club that appointed a cavalier in Ange Postecoglou, but left him relying on five teenagers to see out the game against Hoffenheim on Thursday. A club that went into the tie four players short of a full bench, with a cast of exhausted men on the pitch, and is yet to sign a senior outfielder in the January market.

As a comparison, Aston Villa are spending 96 per cent of their revenue on players' wages
Spurs face an injury crisis but still haven't been backed in the transfer market this January
I admire Postecoglou, I find him exciting and different, which isn’t the same as believing there is vast wisdom in his method.

There is also a question to be asked about the sense in appointing a manager with a high-intensity style, with all the burnout issues we have gone on to see, when you aren’t prepared to supply him with a squad able to satisfy demands.

But Postecoglou has big beans and we can all agree on that. He is striving, being bold, and his exasperation is growing by the week. On Friday, ahead of Sunday’s game of dire need against Leicester, he said Tottenham would be ‘playing with fire’ if reinforcements don’t arrive in the next week.

But is Levy even listening? Does he pay any notice to those social media posts flagging that his previous three managers sat first in Italy, second in Turkey and third in the Premier League going into this weekend? Were they all solely the problem? Was Antonio Conte a mile off-beam with his moaning?

If we are to give Levy his due, beyond the magnificence of the stadium, it is that he has splashed plenty on transfers in the past few seasons and he has kept the club safe from the PSR buzzards.

But wages, not fees, are the key to landing the best players and to date only Levy’s salary, which has fluctuated between £3.5m and 6.5m of late, would rank as best in class for the division.

Going above his ceiling of £200,000 a week to change Tottenham’s narrative? Good luck to Postecoglou if he is privately nudging in that direction, even if these latest figures prove, yet again, the club is operating a mile within itself.

And that’s a shambles, really. A stain. A contradiction of what Levy says in public about feeling the same heartbeat as Tottenham’s fans. They are words he has used since day one, as contained in his very first set of programme notes, in March 2001.

Does Levy even notice Postecoglou's protestations that Spurs are 'playing with fire' by not signing anybody?
Levy contradicts himself about feeling the same heartbeat as Spurs fans - his focus is squarely on profit
Though Spurs have spent on transfers in recent seasons, fans have long been frustrated with tight purse strings
I dug them out this week, and he talks about being a supporter on the West Stand at White Hart Lane, of wearing rosettes and idolising Gazza and Lineker. That kind of tone.

But there’s also a bit on spending, as it happened, and naturally that is what catches the eye now.

‘Sir Alan (Sugar) faced the same challenges we do now balancing the needs of shareholders, who want profit, with those of the fans, who want success on the pitch,’ he wrote. ‘Sometimes, the two do not go together. It is a balancing act.’

With each set of accounts, it becomes clearer that only one side of the line ever mattered. Postecoglou should pour himself a double.
Click to expand...
Click to shrink...

I’m sorry but I can’t take that article seriously . No mention of the sky walk or baguettes

He clearly has an agenda
 
Tomo said:
So, happy shareholders, happy life; the flick, the trick, the graphs that make Daniel Levy tick.
Click to expand...
Click to shrink...
Why would the shareholders be happy ? the club doesn't pay dividends and the share price is not publicly known as the club is a private company not listed on any stock exchange.
Has anyone ever sold their shares on Asset Match and how much did they get.

www.tottenhamhotspur.com

Club introduces Asset Match as a shareholder service

We are pleased to inform our shareholders that they can now gain improved liquidity in their Club shares via the Asset Match platform.
www.tottenhamhotspur.com www.tottenhamhotspur.com
 
Didn't really know where else to post this, but our official sleeve sponsor is giving cash to the founder of infamous dark web site "the silk road" , most famously used for illegal drug sales and distribution after Trump pardoned him and ended his double life sentence.

I was always uncomfortable with us being affiliated to Kraken. This doesn't help.


View: https://x.com/krakenfx/status/1882145752303993342?t=mEwwwNokMxWkb9APqc1aFA&s=19
 
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