As we all know the Stadium finances sit outside the football club, however one pays the other to a degree, as performance on the pitch reflects income off the pitch.
The Cost of the stadium will be XXXXXX doesn't matter what that number is what matters is how much we owe ... Spurs will probably start next season with 400m debt ... sounds a lot doesn't it ... but that debt is on a five year term at very low rates, it could easily be converted to bonds as Woolwich did, but now almost certainly that won't happen, so why not?
Well the bottom line is we are making a fortune revenue has jumped from 209m to 306m last year and will jump again this year, the club have signed more sponsorship and advertising deals than you can shake a stick at, despite all the negativity around the delays everyone and their dog want to be connected to the new ground ... on top of that when we were planning NWHL there was no allowance for Champions League we just weren't expecting to be in it, that income alone has added 50m a year in revenue for four years 200m we hadn't planned, the TV deal is producing 20m more a year than forecast, the list just goes on ... we had planned to hit 350m income in 5 years 2022, that's now been adjusted upwards to 450-500m ...
Even with the Brexit effect, which is a good headline and the lower pound did impact build costs, the timing of the new stadium build could not have come at a better time ... football income is booming, England had a stellar World Cup, and Spurs and even better one. Our US tie-up may well have benefited from oddly the delay, this got a lot of coverage, and the failed Khan bid which also got a lot of coverage, all raising the anticipation for next season when the NFL will arrive at the Lane ...
So despite the delay, and the cost overrun, with the additional monies already generated, and yet to be generated, our club could: pay down that debt in five years: increase salary spend by 100m: spend net 100m+ a year on transfers: and still make a profit ... that's beyond even the most optimistic forecast made in 2006
Luck, good management, a bit of both ... who knows ... but come 2022 Levy/ENIC could be the owners of a debt-free 2 billion pound business .. not bad when they bought it for just 47m ....
The only thing that could feck that up is dropping out of the top six ... I have every confidence we will do what it takes to stop that happening ... after all it's just good business ...
The Cost of the stadium will be XXXXXX doesn't matter what that number is what matters is how much we owe ... Spurs will probably start next season with 400m debt ... sounds a lot doesn't it ... but that debt is on a five year term at very low rates, it could easily be converted to bonds as Woolwich did, but now almost certainly that won't happen, so why not?
Well the bottom line is we are making a fortune revenue has jumped from 209m to 306m last year and will jump again this year, the club have signed more sponsorship and advertising deals than you can shake a stick at, despite all the negativity around the delays everyone and their dog want to be connected to the new ground ... on top of that when we were planning NWHL there was no allowance for Champions League we just weren't expecting to be in it, that income alone has added 50m a year in revenue for four years 200m we hadn't planned, the TV deal is producing 20m more a year than forecast, the list just goes on ... we had planned to hit 350m income in 5 years 2022, that's now been adjusted upwards to 450-500m ...
Even with the Brexit effect, which is a good headline and the lower pound did impact build costs, the timing of the new stadium build could not have come at a better time ... football income is booming, England had a stellar World Cup, and Spurs and even better one. Our US tie-up may well have benefited from oddly the delay, this got a lot of coverage, and the failed Khan bid which also got a lot of coverage, all raising the anticipation for next season when the NFL will arrive at the Lane ...
So despite the delay, and the cost overrun, with the additional monies already generated, and yet to be generated, our club could: pay down that debt in five years: increase salary spend by 100m: spend net 100m+ a year on transfers: and still make a profit ... that's beyond even the most optimistic forecast made in 2006
Luck, good management, a bit of both ... who knows ... but come 2022 Levy/ENIC could be the owners of a debt-free 2 billion pound business .. not bad when they bought it for just 47m ....
The only thing that could feck that up is dropping out of the top six ... I have every confidence we will do what it takes to stop that happening ... after all it's just good business ...