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Management ENIC

Latest Spurs videos from Sky Sports

ENIC In or ENIC Out

  • Total voters
    209
AberdeenYid said:
Strange way to make his point though. He says transfer fees are a red herring as they are amortised. Does he know that wages aren’t paid upfront for the whole contract?

I had no idea who he was until recently, but he’s been getting more and more weird since he popped into my consciousness.
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Massive difference between OPEX and Capex. My CFO is terrified of OPEX costs and changes, capex spend meh - fill your boots and invest how you want (within reason)
 
I was suspicious of the data, as 5m in 1991 was about 9.3m in 2021, not 51m. The Rebrov amount would have been worth 53.8m in todays money.

To be honest these sort of numbers aren't relevant, as also a significant lot more money in the game nowadays. Much more relevant would be pegged against turnover
 
Trotter said:
I was suspicious of the data, as 5m in 1991 was about 9.3m in 2021, not 51m. The Rebrov amount would have been worth 53.8m in todays money.

To be honest these sort of numbers aren't relevant, as also a significant lot more money in the game nowadays. Much more relevant would be pegged against turnover
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Not just that but you also have to look at what we were spending compared to others too..... The whole thing is just something else for people to moan about.
 
My ex Mother in Law was a real old Londoner and she would often be heard saying about tight arse neighbours "he'll be the richest man in the graveyard"
If she was still around she would be saying "Tottenham will be the richest club in the relegation scrap". Ridiculous situation.
What I don't understand is the bit in the tweet saying money is put through Enic associated companies. I see we publish a loss but how can we be 9th richest club but making losses
 
Dark Shadow said:
What I don't understand is the bit in the tweet saying money is put through Enic associated companies. I see we publish a loss but how can we be 9th richest club but making losses
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Don't think the Deloitte table should be decribed as a rich list as it's solely based on revenue not how much a club has in the bank. Spurs have the 9th largest revenue of the world's football clubs but we also have a a high debt of £677 million so are we rich , I don't think so and on paper as you say we are bound to publish a loss when the full accounts come out.
 
Muckleflugga said:
Don't think the Deloitte table should be decribed as a rich list as it's solely based on revenue not how much a club has in the bank. Spurs have the 9th largest revenue of the world's football clubs but we also have a a high debt of £677 million so are we rich , I don't think so and on paper as you say we are bound to publish a loss when the full accounts come out.
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Said debt being exempt from FFP/PSR consideration, mind you.

No club on earth has more scope for squad investment than Spurs.
 
Muckleflugga said:
Don't think the Deloitte table should be decribed as a rich list as it's solely based on revenue not how much a club has in the bank. Spurs have the 9th largest revenue of the world's football clubs but we also have a a high debt of £677 million so are we rich , I don't think so and on paper as you say we are bound to publish a loss when the full accounts come out.
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That is long term debt and manageable - it’s the opposite of Woolwich's short term debt (which is how they paid their stadium). It costs us £25M pa
 
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