Sweet deal indeed. Our clients would kill for that!The secret to getting good financing terms is timing. Spurs got the bonds away pre-covid when interest rates were very low and few other asset classes were that attractive to investors.
So Spurs got a stonking deal. And such a deal would not be available now - and given the threat of rising interest rates having bonds with interest rates going up quarterly is the market reaction to the threat.
Details from an industry source, so its factual no flannel, and you will see the interest rates quoted.
ACT Deals of the Year Awards 2019: Bonds below £750m winner | The Association of Corporate Treasurers
www.treasurers.org
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Your clients should have done it in 2019 then !
Per Alistair Gold on South Korea tour :
The north London club are the second most followed football team on TikTok, behind only Real Madrid. They recently passed 200 million impressions on the social media platform and 178 million of those were from South Korea, helped by Son's presence.
South Korea has become Tottenham's second biggest e-commerce market behind the UK, with the year to date sales only half of the UK and nearly twice as big as the USA.
Spurs have seized on the opportunity with initiative such as making the postage and packing costs similar to those offered in the UK and both matches in Seoul were watched by crowds mostly wearing one of the club's shirts, many of them the recently-released new season versions.
I knew South Korea was a big market for us, but its huge ........ and I don't see it going away quickly after Son retires - Liverpool still reaping the benefit of being a big team in asia in the 1980's .......
The north London club are the second most followed football team on TikTok, behind only Real Madrid. They recently passed 200 million impressions on the social media platform and 178 million of those were from South Korea, helped by Son's presence.
South Korea has become Tottenham's second biggest e-commerce market behind the UK, with the year to date sales only half of the UK and nearly twice as big as the USA.
Spurs have seized on the opportunity with initiative such as making the postage and packing costs similar to those offered in the UK and both matches in Seoul were watched by crowds mostly wearing one of the club's shirts, many of them the recently-released new season versions.
I knew South Korea was a big market for us, but its huge ........ and I don't see it going away quickly after Son retires - Liverpool still reaping the benefit of being a big team in asia in the 1980's .......
Asian fans do seem to follow the player rather than the team. When Ronaldo went to Juve, Madrid lost a million twitter followers and Juve gained a similar amount.
Our problem is going to be finding a Korean successor to Son. Probably why Kim Min Jae’s agent keeps touting him to us every season.
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That's true but Korean fans seem to have finally accepted Spurs this season. They see that Son is a Spurs fan, and through him they get to learn about Kane, Dier, Davies, Romero etc. and they're learning to appreaciate the whole team.
A lot of them will likely leave after Son is gone, but I think plenty will stay.
Keep him until retirement, seems like he’d like that anyway.
Decent Coach as well, potentially, or, club ambassador.
He still score more than Jesus when he has retired.
Next financial accounts should be out soon. Will be interesting to see how the club is faring
That’s wrong and Gold is a tool. Population of S Korea is < than GB
Maybe that 178M is Asia in total?
Couldn’t agree more. Will be v interesting, expecting huge revenue figures even without the CL money (which I assume hits next period)
If they come out the same time as lat year, there's 2 more months to wait.
True but sometimes we get an executive summary a month or so beforehand.
1 person can have unlimited "impressions"
Ahh ok.
Surely that was an exception due to cov? Does Levy do all the financial accounting himself to save a few quid?!
Surely that was an exception due to cov? Does Levy do all the financial accounting himself to save a few quid?!
Quite possibly. I suspect if it were up to him and Lewis they wouldn't provide any accounting info at all, fortunately they have to.
Not us but relevant as this has been bumped. Quite surprised at this, maybe ours won't be as good as I have assumed. If we follow suit of course.
Up from last year doesn’t tell the full picture. How does it look vs pre covid (rev)?