-
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...
Latest Spurs videos from Sky Sports
This is a factor which wasn't made much of in the video :
Top 4 Finishes in last 4 Years
ManCity 4
Spurs 4
Liverpool 3
Chelsea 2
Woolwich 1
Leicester 1
ManUtd 1
And a top 4 finish opens the door to CL revenues, which are substantially bigger than EL.
So the more top 4 finishes we get and our main rivals do not the better off financially we are and that translates into getting better players in TW's over time, which helps us retain top 4 finishes.
Top 4 Finishes in last 4 Years
ManCity 4
Spurs 4
Liverpool 3
Chelsea 2
Woolwich 1
Leicester 1
ManUtd 1
And a top 4 finish opens the door to CL revenues, which are substantially bigger than EL.
So the more top 4 finishes we get and our main rivals do not the better off financially we are and that translates into getting better players in TW's over time, which helps us retain top 4 finishes.
Amazing - and the press still treat us like complete impostors
winning would be gobsmacking - and financially very good with not only extra prize money but no doubt sponsorship deals have a 'success in CL' clause which yields even more more…..and maybe enables a naming rights sponsorship deal for stadium etc.
But even runners up would take us up a notch.
And a 5th CL run in 5 seasons next season (with player reinforcements this TW) would help cement clear water between ourselves and Woolwich.
And even start to make a gap between ourselves and ManU in terms of current footballing standing (although sadly their huge commercial income will allow them to ride the storm even though it might take them 2 or 3 seasons to revive their squad) - and amazingly we are already equal with ManU 5 year coefficient which determines CL seeding, and another good run next season could take us well clear of them which will help us when they are back in CL.
Zero profit is the standard life cycle so why would football be any different?
Assuming "being a premier league club" means your product is in development / introduction phase then it would be expected / good business practice to have zero profit.
In addition to this, profits are taxed so if you make profit you may be better off investing those in infrastructure etc. rather than recording it as profit.
Well firstly football isn't like a mobile phone, its lifecycle is different as it's based on a different, evolutionary growth.
Secondly the rise of inflation with transfer fees and player sales is astrinomical compared to the rise of normal money inflation in every day life. When that happens bubbles will burst, it's a matter of when not if.
Thirdly we are looking at figures that are skewed with regards to THFC. The TV money revenues spiked profits across the board in the PL, as has our over achievement in Europe. We have the 6th highest revenue yet have finished 2nd, 3rd, 4th etc. If we were to use this vastly variable figure as a consistent expenditure, we run big risks. Unlike any other league, apart from Serie A really, the top 3-4 teams usually pick themselves. In the Premier League, the need for top 4 compared to the risk of not getting top 4 is major to our club compared to the likes of Chelsea & Man U due to their owners investment or brand strength.
TheFightingCock has got a podcast it uploaded yesterday or the day before I think where they have Paul Robinson as a special guest. It's well worth a listen if you have 25 minutes spare as it talks with Robbo about his time at Leeds. He said that the most pivotal moment there wasn't not winning the Champions League back when they made the semi finals but missin out on qualifying for that tournament next time around. Peter Ridsdale had spent within their means with the expectation that X money will continue to come in. When it didn't the wheels came off & that's why whilst I'm very ambitious for my club, our club I think it's acting so sensibly at the moment when inflation is so volatile, teams are risking a lot instead of investing smartly into the infrastructure of their business and I think it's the right call as the money bubble will burst and when it does, we will be in a position to prosper ten fold.
We can already see wobbles because of reckless spending with the likes of Alexis Sanchez, Paul Pogba, Ozil & Gareth Bale causing more long term harm than good. Jack Rodwell was the first example yet the current ones aren't playing at nearly clubs, they are playing for the biggest clubs in the world. Andre Grey cost the same based on inflation rates as Diego Maradona did, teams will struggle to keep up so I like that we saw this year as an opportunity to safeguard whilst others spiked the market. To me it made sense whilst we overachieved to do so.
There isnt alot of difference between the big clubs. It depends on who has the best managers. Klopp and Poch have taken over from Wenger and Fergie. Ignoring Guardiola for a second.
Poch will be here for the next 15 years IMO. Theres no reason for him to leave.
If he can achieve top 4 4 years in a row and a CL final. What could he do with a bit more money at Spurs?
Poch will be here for the next 15 years IMO. Theres no reason for him to leave.
If he can achieve top 4 4 years in a row and a CL final. What could he do with a bit more money at Spurs?
Most of those points were already well known - but the key bit of insight at the end was that capital payments don't have to start right away.
The way I understood it, for the next few years the interest payments will leave a good amount to spend in upcoming transfer windows and basically rebuild the squad.
After that, even if more income is redirected back to paying off the stadium, there should be some money left to maintain the squad with a smaller number of signings and offer better salaries.
The way I understood it, for the next few years the interest payments will leave a good amount to spend in upcoming transfer windows and basically rebuild the squad.
After that, even if more income is redirected back to paying off the stadium, there should be some money left to maintain the squad with a smaller number of signings and offer better salaries.
West Ham the most likely ones (the horror) if they want a Premier League one.
They already own the Olympic village I believe. At least in part.
Agree completely. You have to use the advantage to build further advantage. It's always been this way that if you play your cards right you prosper further at the expense of your rivals. Woolwich largely failed to capitalize on their advantage and now start every season hoping they get in he CL rather than being confident of it.
The revenue (direct and indirect) just grows and grows, now more than ever due to the coefficient split favoring established clubs. Particularly winning clubs. Winning the CL this year would be massive for us in that respect.
Some perspective when looking at our financial results compared to the other clubs in the country. Please look at this and tell me that you can't see where things are heading for 3/4s of English football league sides and why our prudence at a time where factually we were right to believe e squad could and would still maintain top 4 wasn't in hindsight more correct than mismanagement:
The growing gap between the Premier League and lower-league clubs has been starkly illustrated by figures that show nearly three quarters of English Football League sides are losing money.
Premier League teams had record revenues of £8.4 billion and 12 of the 20 top-flight clubs made a net profit in 2017-18. By contrast, 52 of the 72 clubs in the Sky Bet Championship, League One and League Two ended the season in the red.
Taking into account all profits and losses, the 20 Premier League clubs made a surplus of £304 million while the 72 EFL teams had a collective net deficit of £388 million.
The growing gap between the Premier League and lower-league clubs has been starkly illustrated by figures that show nearly three quarters of English Football League sides are losing money.
Premier League teams had record revenues of £8.4 billion and 12 of the 20 top-flight clubs made a net profit in 2017-18. By contrast, 52 of the 72 clubs in the Sky Bet Championship, League One and League Two ended the season in the red.
Taking into account all profits and losses, the 20 Premier League clubs made a surplus of £304 million while the 72 EFL teams had a collective net deficit of £388 million.
Its pretty standard for loans taken out to build an asset to only start to be repaid once the asset is in use - so repayments started in theory from the date of the first match v Crystal Palace.
What's not clear to me from reading the accounts is whether there are any loan repayments before the end date of these loans of £637m of April 2022 when Levy said in the results that these loans might well be refinanced as a series of bonds with different repayment dates - more detail in the accounts thread and Note 15 to the accounts (access through the accounts thread)Management - Tottenham Hotspur - Year Ended 30 June 2018 Accounts
I suspect we will certainly make some capital repayments as well as paying the interest, but we should have significant sums to spend if the right player(s) become available - quite how much is open to debate but my guess would be £50m - £100m plus sales proceeds of players. Plus of course new contracts (with bigger wages) for existing players we want to keep.
Putting aside rivalry a moment, I hope that doesn't happen because you don't support a team like West Ham for the glory, you do it out of loyalty. If there was such a takeover what remains of the soul of that club, already shat on by the move to the athletic bowl, would be gone, nothing left for the true fans there.
Looking as a Spurs fan though, it would be pretty funny to see the club effectively die in all real sense.
Premier League finances: the full club-by-club breakdown and verdict
We're in damn good shape financially.
We're in damn good shape financially.
When you consider how much Woolwich and Utd have spent, 1 top 4 finish a piece in the last 4 years is a fucking embarrassment. Pochettino doing some job with the resources available. Levy must be wanking himself to sleep every night.
Even with the stadium it seems that we're in a brilliant financial position - the income from our CL run alone this season will be close to £100m won't it. Not to mention the increased exposure on our great club.
Even with the stadium it seems that we're in a brilliant financial position - the income from our CL run alone this season will be close to £100m won't it. Not to mention the increased exposure on our great club.
So in the richest league in the world, 7 clubs reported overall losses & further 7 reported profits of only £30m or less.
14 of the 20 Premier League clubs struggling to post genuinely positive figures despite the biggest TV deal in its history lining pockets like never before. We really should be thankful we are run as well as we are, it gives us a huge advantage over so many clubs that won't be able to keep their excessive spending up.