YEA, FUCK HIM!!Yea Fuck Levy!
Fuck you for delivering the best football stadium in the world!
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YEA, FUCK HIM!!Yea Fuck Levy!
Fuck you for delivering the best football stadium in the world!
Some Spurs fans after going to the new stadium.Yea Fuck Levy!
Fuck you for delivering the best football stadium in the world!
I think this has been engineered towards what the banks want to see when lending us the money. The purpose of spending +£1b is to increase the revenue stream of the Club (all clubs have limited means of doing this, PL/TV/Media+Commercial+Match-day+retail+maybe property & events), this is also important for the financiers, however, it does require a huge leap of faith from them to loan the money but this money will fly out of their pockets if they can also see a healthy business who are turning in record profits.So we turned a profit despite spending 1billion on a stadium? How the fuck did we do that?
Also surely this is fantastic for the future of the club surely the initial outlay will be bigger then and payment on the schedule to pay back? So this should mean we will have the wonga we need in the summer
Well, that's made simpler by the fact that nearly 3/4s of that spend was money that belonged to someone else that we're borrowing. It's a bit like saying I've turned a profit despite spending $500k on building a new home this year (I haven't). There's a way you can twist the reporting of financials to state that, and technically the cash would have passed through my hands...but it's not true in the sense that we're so well off as a business endeavor that we can spend a billion and still come up roses. But we are good enough as a business that we can borrow a billion without having to worry about being wound up.So we turned a profit despite spending 1billion on a stadium? How the fuck did we do that?
Also surely this is fantastic for the future of the club surely the initial outlay will be bigger then and payment on the schedule to pay back? So this should mean we will have the wonga we need in the summer
Spurs smashing the wage war. West Ham surpsingly stable, 8 teams in the country over the danger line of 70% that UEFA recommend for wage spending.
Crystal Palace, Everton & Bournemouth being reckless and impatient. Stoke, West Brom & Swansea all in the shit. I think the below shows why WBA sacked Darren Moore. Without their parachute money they'll struggle for years:
Spending money we borrowed. Investors and banks generally want to see this, both the borrowing and the profit. It shows that Spurs are investing in the club to increase future revenues, which will then make them a lower risk to default on the debt.So we turned a profit despite spending 1billion on a stadium? How the fuck did we do that?
Also surely this is fantastic for the future of the club surely the initial outlay will be bigger then and payment on the schedule to pay back? So this should mean we will have the wonga we need in the summer
The spurs players and their agents won't be too happy about that percentage and the overall financial results
The spurs players and their agents won't be too happy about that percentage and the overall financial results
It's a bit more complex.Well, that's made simpler by the fact that nearly 3/4s of that spend was money that belonged to someone else that we're borrowing. It's a bit like saying I've turned a profit despite spending $500k on building a new home this year (I haven't). There's a way you can twist the reporting of financials to state that, and technically the cash would have passed through my hands...but it's not true in the sense that we're so well off as a business endeavor that we can spend a billion and still come up roses. But we are good enough as a business that we can borrow a billion without having to worry about being wound up.
The spurs players and their agents won't be too happy about that percentage and the overall financial results
If anything this shows that we finally have the bandwidth to pay players more. This is good news. Looks at the other big 6, generally 50-60% of your turnover is for player wages. Tottenham will get there sooner rather than later. No one is under the illusion that we can do anything but bring in a lot of talent this summer.Well this is 2017/2018, so since then Kane, Alli and Son have all signed new deals.
Sure others have as well.
Deals were on the table for Eriksen and Toby that both have turned down while winding down their own contracts.
Pretty clear as turnover has gone up so have the wages of our top performers. So nothing for anyone to get upset about within the club, if anything quite the opposite.
Don't forget that's last season, since then we've done a lot of the big pay-rises, the good news is we have scope for more new contracts and, wait for it, new signings.