• The Fighting Cock is a forum for fans of Tottenham Hotspur Football Club. Here you can discuss Spurs latest matches, our squad, tactics and any transfer news surrounding the club. Registration gives you access to all our forums (including 'Off Topic' discussion) and removes most of the adverts (you can remove them all via an account upgrade). You're here now, you might as well...

    Get involved!

Management Financial Results - Year Ended 30 June 2023

Latest Spurs videos from Sky Sports

Airfixx said:
I've obviously missed something.........

How you getting from 160m loss minus 105m threshold not equating to 55m OVER the limit?
Click to expand...
Click to shrink...
Two posts above yours…

”Whilst Spurs losses over last three years are high at £232m the annual depreciation charge of £72m for stadium etc are exempt PSR so no worries about a PL charge for beaching the limits” Kieran McGuire

So, we are rolling on 3years at £232m -£216 = £16m loss relative to PSR. Or as Blanchflower Blanchflower put it £89m in bounds.
 
NotThatTedHughes said:
No, it doesn’t.

Because it’s also before we bought Vicario, Maddison, VdV and Johnson.

You get to count all the transfers in as well as out.

Any chance of you doing my tax returns?
Click to expand...
Click to shrink...
Vicario, Kulusevski, Porro, Maddison were all before June 30th.

VDV, Veliz and Phillips after + Winks and Kane after June 30th.

Winks covers Veliz mostly, so we are around £50-60m in credit with Kane - VDV.

Edit : missed Johnson, so about £10-15m credit.
 
r-u-s-x said:
"Whilst Spurs losses over last three years are high at £232m the annual depreciation charge of £72m"

232-(72*3)=16

105-16=89
Click to expand...
Click to shrink...
Blanchflower said:
£232m
minus the annual stadium depreciation of £72m x 3 (£216m)
= £16m

So £89m below the £105m limit
Click to expand...
Click to shrink...

Ah, right... I assumed that the previous 2 years would have been factored in already somehow (I haven't sat and pondered this too deeply yet).

Still not great is it really; considering the excitement brewing in Dec/January.
 
Airfixx said:
Ah, right... I assumed that the previous 2 years would have been factored in already somehow (I haven't sat and pondered this too deeply yet).

Still not great is it really; considering the excitement brewing in Dec/January.
Click to expand...
Click to shrink...


It's a massive amount of leeway as any signings can be amortised over 5 years - so in theory you could commit to new signings (wages and transfer fees) of £89m x 5 (£445m)


And the figures don't include Kane's £100m fee and £200k pw off the wage bill
 
What I can't figure out, is if they're insisting on using the financial year to regulate FFP and PSR, why is the window open through 2 financial years. The whole Brennan Johnson thing Forest baffles me. They made £20m more by holding out, which is great business, but got a points penalty for it.

If that's a problem, change the fucking window dates or something.
 
Blanchflower said:
It's a massive amount of leeway as any signings can be amortised over 5 years - so in theory you could commit to new signings (wages and transfer fees) of £89m x 5 (£445m)
Click to expand...
Click to shrink...

Yeh, I understand how that end works...... Disappointing to see losses regardless.

Blanchflower said:
And the figures don't include Kane's £100m fee and £200k pw off the wage bill
Click to expand...
Click to shrink...

......By that token, nor all of our post-Jun trf activity & wages either.
 
"Levy’s pay increased by £316,000 to £3.581m for the year ending June 2023, up from £3.265m for the previous 12 months, while the total earned by Spurs’ directors was £9.07m, up a significant £3.221m from £5.849m in 2022."

"Levy was also paid a £3m bonus over the course of the year, taking his total earnings to £6.581m, despite him facing significant unrest from supporters during a dismal 2022-23 campaign"

Directors and Levy are doing well I see.
 
Can anyone explain, with a qualification not a Levy love obsession, why, by every metric our income was up over the previous year, but our loss was larger?


Is it because we signed players slightly earlier in the window than usual?
 
Matt1882 said:
Can anyone explain, with a qualification not a Levy love obsession, why, by every metric our income was up over the previous year, but our loss was larger?


Is it because we signed players slightly earlier in the window than usual?
Click to expand...
Click to shrink...
And is the loss actually a loss, or is it just down on what it could have been.
Like, if I don't get an annual bonus this year, I haven't made a loss. I just didn't get what I got last year, is that what's actually being said here?
Because I can't understand how a business stays open if they make less money than they spend to that extent.
 
Yiddy said:
This is all spurs are about now. Compare us on the pitch. This money doesn't elevate the fans experience or bring on field success. Great off of it (so great you'd question why they're taking away concessions) but on it meh. We could run on far less profit and actually really try to push on on the pitch but we all know the profit is what it's really all about. All everything is about from the owners point of view is revenue,profit etc that's it. Which is why them charging such high prices is such a piss take.
Click to expand...
Click to shrink...
👏🏻👏🏻👏🏻👏🏻👏🏻🙌🙌🙌🙌🙌🙌🙌👏🏻👏🏻👏🏻👏🏻
 
Distaste for scouse said:
"Levy’s pay increased by £316,000 to £3.581m for the year ending June 2023, up from £3.265m for the previous 12 months, while the total earned by Spurs’ directors was £9.07m, up a significant £3.221m from £5.849m in 2022."

"Levy was also paid a £3m bonus over the course of the year, taking his total earnings to £6.581m, despite him facing significant unrest from supporters during a dismal 2022-23 campaign"

Directors and Levy are doing well I see.
Click to expand...
Click to shrink...
All that while taking away concessions. And people still can't grasp this and can't get Levys cock far enough down their throat. It's truly unbelievable. For me it also shows that within the club they base their success completely off of money because if it was based off on field success you'd have to have some front to justify this after the past 20 odd years. Or in fact just the last 3 or so. Outrageous.
 
You must log in or register to reply here.
Back
Top