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Management Financial Results - Year Ending 30 June 2024

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Ulrikacoglou said:
See below. It won’t be long before our other revenue (NFL, go-karting,Beyonce, etc) exceeds our match day ticket receipts at the current rate.

Note these results are materially impacted by no European football. Likely to happen again in our results for YE30/6/26.

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Nobody wants to read this shit except greedy corporate cunts stroking Levy's balls. Other revenue exceeding match day revenue is a fucking embarrassment. At this point Levy is sitting there thinking how much more can I get away with. It's like a game for him. He keeps thinking up dastardly ways to underfund the team being absolute certain he'll get mobbed but when he gets away with it, it emboldens him to be more of a cunt to us fans.
 
Ulrikacoglou said:
See below. It won’t be long before our other revenue (NFL, go-karting,Beyonce, etc) exceeds our match day ticket receipts at the current rate.

Note these results are materially impacted by no European football. Likely to happen again in our results for YE30/6/26.

Click to expand...
Click to shrink...
Yup, the other revenues are now just under 50% of all other revenues (match day and tv combined) which goes to fund player wages and transfer fees - no dividends are paid and even Levy's pay is less than many PL football players including those at Spurs.

As all the other bigger clubs have found, its essential to have commercial revenue streams as matchday revenues and tv by themselves cannot fund player wages and transfer fees - even of clubs with a high success rate on the football field
 
_mehstg said:
Nobody wants to read this shit except greedy corporate cunts stroking Levy's balls. Other revenue exceeding match day revenue is a fucking embarrassment. At this point Levy is sitting there thinking how much more can I get away with. It's like a game for him. He keeps thinking up dastardly ways to underfund the team being absolute certain he'll get mobbed but when he gets away with it, it emboldens him to be more of a cunt to us fans.
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No one is required to read this. However people who will be interested
- shareholders like myself who bought into the IPO and then never sold in the various attempts by ENIC to mop up all small shareholdings. The reality is anyone with these shares are just a bit of fun holding shares in the club I love
- spurs fans who care about where the ship is going. The amount of money the club makes / loses dictates how much money there is to spend on transfers / wages etc. to improve the football side

You seem to have some misconceptions in your post
- other revenue exceeding matchday revenue is not embarrassing. If we didn’t have this other revenue and relied on ticket sales / TV money / shirt sales only we would be screwed
- the team is not underfunded. We are the third highest nett spenders on transfers in the last 5 years. However clearly there is a valid question if it has been spent on the right players. Not sure if that’s Levy’s fault or the DOF - probably a combination of both.
 
Ulrikacoglou said:
No one is required to read this. However people who will be interested
- shareholders like myself who bought into the IPO and then never sold in the various attempts by ENIC to mop up all small shareholdings. The reality is anyone with these shares are just a bit of fun holding shares in the club I love
- spurs fans who care about where the ship is going. The amount of money the club makes / loses dictates how much money there is to spend on transfers / wages etc. to improve the football side

You seem to have some misconceptions in your post
- other revenue exceeding matchday revenue is not embarrassing. If we didn’t have this other revenue and relied on ticket sales / TV money / shirt sales only we would be screwed
- the team is not underfunded. We are the third highest nett spenders on transfers in the last 5 years. However clearly there is a valid question if it has been spent on the right players. Not sure if that’s Levy’s fault or the DOF - probably a combination of both.
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Sorry disagree. It is embarrassing. We use to be a football club now we are a portfolio of assets.

Here we go again, the team is not underfunded... "we're the 3rd biggest spenders" and so on... I hear this all the time as a reason to pat Enic and Levy on the back. It's bullshit. As someone with equity in the club you are probably aware how these purchases are recorded in our accounts... i.e. they are amortised across contract length and have a balance sheet value. Much like a computer or a printer. A real measure of whether a club is ambitious or not is total player wages to revenue ratio. Guess where we sit in PL hierarchy with that ratio? 20th... stone bonk last or first if you're Levy. All that extra revenue and still teams like Bournemouth, Wolves Brentford, Forest, Ipswich even fucking West Ham spend a greater portion of their revenue on player wages.

So I'm sorry. There is no misconception here. I know exactly what our club is and how it is managed.

The one thing we can agree on is the players the money is spent on. Our recruitment has been very poor in recent years and for a club with bear minimum ambition we have to hit it out the park 9 times out of 10 or face season after season with the same objective of 10-12 other PL teams which is retain our PL status.
 
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