Spurs Financials 2019/20

[Spursidol]

French government announces that season has ended for its top 2 leagues.

UEFA's top medic says it makes no sense to think of restarting 2019/20 and clubs should focus on starting 2020/21.......meanwhile UEFA demand clubs tell them what their plans are for 2019/20 season. Think PL should reply tomorrow, 'We may be unable to tell you whether HMG will authorise PL clubs to play games by that date'

 

[Spursidol]

Swiss going the opposite way to France and Belgium, subject to no worsening of the virus situation in Switzerland with behind closed doors games (and I assume extensive testing of the 2 teams and support staff estimated at circa 300 people per game).

 

[SouthStand Billy]

Nearly double Woolwich

Tottenham crowned Premier League's most valuable club over Manchester United and Man City - study

 

[Guido 🇺🇦]

 

[Park Lane Mark Twain]

 

[Park Lane Mark Twain]

European Leagues' chief hails Spurs' model as the one to follow amid crisis - The Spurs Web - Tottenham Hotspur Football News

With clubs around Europe, including footballing giants such as Barcelona said to have been financially impacted due to the impact of the coronavirus pandemic (Sports...

www.spurs-web.com

With clubs around Europe, including footballing giants such as Barcelona said to have been financially impacted due to the impact of the coronavirus pandemic (Sports Illustrated), questions have been raised about the sustainability of the previous business models of many clubs (The Guardian).

With match-day, commercial and broadcast revenue all receiving a massive blow, many teams across Europe have been forced to ask their players to take wage cuts while Barcelona are said to be prepared to listen to offers for some of their big signings (The Sun).

Although Tottenham have their own problems due to the considerable debt that the club owes following the construction of the new stadium, one saving grace for the lilywhites during this crisis has been their relatively small wage bill compared to other clubs of a similar size.

Tottenham’s wage bill is considerably lower than the other members of the Premier League ‘big six’, as well as Everton (Global Sports Salaries Survey).

In fact, as a proportion of the turnover, Spurs pay the least in wages in the whole of the Premier League, with a wage to turnover ratio of just 38 per cent (The Sun).

Jacco Swart, the managing director of the European League in charge of 36 leagues and over 950 clubs across Europe, believes that Tottenham are the model to follow for the other clubs across the continent following the coronavirus crisis.

Swart told Italian daily Gazzetta dello Sport (as relayed by Inside Football): “The numbers and strategies of Spurs are an encouraging sign for the new normal in football.”

For all the criticism that ENIC and Daniel Levy have received over the years for not paying more in wages, it looks like their decision to run the club sustainably has now turned out to be our saving grace. While no one could have obviously foreseen the effects of the pandemic, paying around 70 per cent of a club’s revenue as wages (as some in the Premier League do) is an extremely risky proposition that has ended quite badly for clubs like Leeds United and Aston Villa in the past.

It is not as if Tottenham haven’t increased the wages of their top players over the years. Baring the likes of Man City, Barcelona, Manchester United and Real Madrid, we still pay competitive salaries in comparison to the other big sides in Europe. However, Levy has ensured that our wage to turnover ratio has still remained relatively low.

 

[Spursidol]

£762m spread amongst PL, probably means the clubs most benefitting from TV like Spurs will lose £ 50m - 60m.

Needs to add on lost revenues from sponsors (might be reduced losses with season finishing, but games behind closed doors might not be to sponsors taste) plus lost revenues from matchday revenues (both seat money and drink/food spend in the stadium).

Not to mention lost revenues from non football events (music, boxing etc) and exhibition/conference and other 'commercial income' including merchandising lost when shop closed.

Certainly looking at £100m+ lost revenues

 

[skywalker68]

£762m spread amongst PL, probably means the clubs most benefitting from TV like Spurs will lose £ 50m - 60m.

Needs to add on lost revenues from sponsors (might be reduced losses with season finishing, but games behind closed doors might not be to sponsors taste) plus lost revenues from matchday revenues (both seat money and drink/food spend in the stadium).

Not to mention lost revenues from non football events (music, boxing etc) and exhibition/conference and other 'commercial income' including merchandising lost when shop closed.

Certainly looking at £100m+ lost revenues

I think when Airfixx posed the question and fair play to him it was a good one, regarding lost finances he asked me amongst others how much the club would lose.
I eventually said somewhere between 80-100m, looking like I should have had a job in the city as an accountant and given myself a better job in life.

 

[Airfixx]

I think when Airfixx posed the question and fair play to him it was a good one, regarding lost finances he asked me amongst others how much the club would lose.
I eventually said somewhere between 80-100m, looking like I should have had a job in the city as an accountant and given myself a better job in life.

Get that CV into the post for DL pronto.... Just keep your thoughts on the trf policy on the download and I'm sure you'll be a big success.

 

[Airfixx]

£762m spread amongst PL, probably means the clubs most benefitting from TV like Spurs will lose £ 50m - 60m.

Needs to add on lost revenues from sponsors (might be reduced losses with season finishing, but games behind closed doors might not be to sponsors taste) plus lost revenues from matchday revenues (both seat money and drink/food spend in the stadium).

Not to mention lost revenues from non football events (music, boxing etc) and exhibition/conference and other 'commercial income' including merchandising lost when shop closed.

Certainly looking at £100m+ lost revenues

This'll be fought yet I'd assume.... After all, their match quota will be delivered (and then some!) so the figures they're asking seem more than a bit high so far.

 

[skywalker68]

Get that CV into the post for DL pronto.... Just keep your thoughts on the trf policy on the download and I'm sure you'll be a big success.

I'm more likely end up as groundsman or kit man.

 

[Claud601]

 

[Park Lane Mark Twain]

Tottenham Hotspur Stadium Ltd (“THS”) confirmed as eligible issuer for the Covid Corporate Financing Facility (“CCFF”) | Tottenham Hotspur

THS has met the criteria set by the Bank of England for the CCFF and has issued £175m of Commercial Paper through this facility.

www.tottenhamhotspur.com

THS has met the criteria set by the Bank of England for the CCFF and has issued £175m of Commercial Paper through this facility.

The CCFF is designed to provide short-term loans at commercial rates during the pandemic and is available to companies that have a strong investment grade rating and make a material contribution to the British economy.

The global pandemic has created unprecedented economic and social challenges and the entertainment sector has been particularly affected. We are yet to see the full extent and duration of the economic impact. As of today, it is unclear when there will be a return to spectator-attended live events.

Due to the significance of income from matchday, conferencing and third party live events such as concerts and other sports, our estimated revenue loss, including broadcast rebates, may exceed £200m for the period to June, 2021.

The facility, which will not be used for player acquisitions, has been arranged to ensure we have financial flexibility and additional working capital during these challenging times. The Club has opened a multi-use venue designed to deliver diversified revenue streams and created jobs, homes and schools as part of the regeneration of our neighbourhood. We are ever-conscious of the responsibility we bear to ensure the future stability of our Club for all stakeholders and, in doing so, support our communities and our continued investment in the area.

Daniel Levy, Chairman: “We have always run this Club on a self-sustaining commercial basis. I said as early as 18 March that, in all my 20 years at the Club, there have been many hurdles along the way but none of this magnitude – the COVID-19 pandemic has shown itself to be the most serious of them all.

“It is imperative that we now all work together – scientists, technologists, the Government and the live events sector – to find a safe way to bring spectators back to sport and entertainment venues. Collectively we have the ability to support the development of new technologies to make this possible and to once again experience the passion of fans at live events

 

[sudoku]

Tottenham face staggering £852MILLION of loan repayments to cover cost of their new stadium

TOTTENHAM will have to fork out £852MILLION in loan repayments to cover the cost of their new stadium. According to their latest set of accounts, the North Londoners must pay back the staggering su…

www.thesun.co.uk

The total repayment includes a whopping £215m in interest which puts the overall liability at just over £852m.

As well as using some of their own cash reserves, Spurs initially borrowed £637m from Goldman Sachs, Bank of America Merrill Lynch and HSBC to cover the stadium project.

But chairman Daniel Levy refinanced £525m of that debt into a long-term bond scheme last September.

Official documents show the average length of all remaining stadium related loans - some of which run until 2050 - is 23 years with an interest rate of 2.66 per cent APR.


Figures in the latest accounts for Tottenham Hotspur Stadium Ltd to 30 June 2019 show the club must pay back an average of £37m-a-year until 2042 to pay off the full amount.

However, the North Londoners have the option of making interest only payments for the first ten years of the arrangements.

To put the £37m figure into context, over the past five years prior to the most recent January transfer window Spurs have had a net transfer spend of approximately £21m-a-season.

But although the sums sound huge, the repayments will be more than manageable thanks to the huge increase in matchday revenue the new stadium has brought compared to old White Hart Lane.

Spurs average around £5m-revenue-per-home-game in the new ground meaning their matchday takings look set to well exceed £100m-a-year for the foreseeable future.

These numbers are more than DOUBLE the £45.3m matchday revenue the club bagged in 2017 - the last season at their old stadium.

And that is without taking into account other hosted events like the NFL and Anthony Joshua's postponed fight with Kubrat Pulev which also bring in extra cash.

However, as a result, the current sporting blackout brought on by Covid-19 is hitting Spurs hard as their business model relies heavily on such income.

Tottenham valued their impressive new home at £1.1billion in the latest accounts.

 

[skywalker68]

Tottenham face staggering £852MILLION of loan repayments to cover cost of their new stadium

TOTTENHAM will have to fork out £852MILLION in loan repayments to cover the cost of their new stadium. According to their latest set of accounts, the North Londoners must pay back the staggering su…

www.thesun.co.uk

The total repayment includes a whopping £215m in interest which puts the overall liability at just over £852m.

As well as using some of their own cash reserves, Spurs initially borrowed £637m from Goldman Sachs, Bank of America Merrill Lynch and HSBC to cover the stadium project.

But chairman Daniel Levy refinanced £525m of that debt into a long-term bond scheme last September.

Official documents show the average length of all remaining stadium related loans - some of which run until 2050 - is 23 years with an interest rate of 2.66 per cent APR.


Figures in the latest accounts for Tottenham Hotspur Stadium Ltd to 30 June 2019 show the club must pay back an average of £37m-a-year until 2042 to pay off the full amount.

However, the North Londoners have the option of making interest only payments for the first ten years of the arrangements.

To put the £37m figure into context, over the past five years prior to the most recent January transfer window Spurs have had a net transfer spend of approximately £21m-a-season.

But although the sums sound huge, the repayments will be more than manageable thanks to the huge increase in matchday revenue the new stadium has brought compared to old White Hart Lane.

Spurs average around £5m-revenue-per-home-game in the new ground meaning their matchday takings look set to well exceed £100m-a-year for the foreseeable future.

These numbers are more than DOUBLE the £45.3m matchday revenue the club bagged in 2017 - the last season at their old stadium.

And that is without taking into account other hosted events like the NFL and Anthony Joshua's postponed fight with Kubrat Pulev which also bring in extra cash.

However, as a result, the current sporting blackout brought on by Covid-19 is hitting Spurs hard as their business model relies heavily on such income.

Tottenham valued their impressive new home at £1.1billion in the latest accounts.

That's Kane sold then

 

[ElTel]

175 mill?? Loose change for Uncle Joe

 

[ElTel]

We are the only club to take advantage of this facility

 

[Steed_Train]

Tottenham face staggering £852MILLION of loan repayments to cover cost of their new stadium

TOTTENHAM will have to fork out £852MILLION in loan repayments to cover the cost of their new stadium. According to their latest set of accounts, the North Londoners must pay back the staggering su…

www.thesun.co.uk

The total repayment includes a whopping £215m in interest which puts the overall liability at just over £852m.

As well as using some of their own cash reserves, Spurs initially borrowed £637m from Goldman Sachs, Bank of America Merrill Lynch and HSBC to cover the stadium project.

But chairman Daniel Levy refinanced £525m of that debt into a long-term bond scheme last September.

Official documents show the average length of all remaining stadium related loans - some of which run until 2050 - is 23 years with an interest rate of 2.66 per cent APR.


Figures in the latest accounts for Tottenham Hotspur Stadium Ltd to 30 June 2019 show the club must pay back an average of £37m-a-year until 2042 to pay off the full amount.

However, the North Londoners have the option of making interest only payments for the first ten years of the arrangements.

To put the £37m figure into context, over the past five years prior to the most recent January transfer window Spurs have had a net transfer spend of approximately £21m-a-season.

But although the sums sound huge, the repayments will be more than manageable thanks to the huge increase in matchday revenue the new stadium has brought compared to old White Hart Lane.

Spurs average around £5m-revenue-per-home-game in the new ground meaning their matchday takings look set to well exceed £100m-a-year for the foreseeable future.

These numbers are more than DOUBLE the £45.3m matchday revenue the club bagged in 2017 - the last season at their old stadium.

And that is without taking into account other hosted events like the NFL and Anthony Joshua's postponed fight with Kubrat Pulev which also bring in extra cash.

However, as a result, the current sporting blackout brought on by Covid-19 is hitting Spurs hard as their business model relies heavily on such income.

Tottenham valued their impressive new home at £1.1billion in the latest accounts.

The headline and the content of that article are completely at odds.

It's not a completely alien concept for a limited company to have substantial debt to fund growth.

Even with the debt I expect us to come out of the crisis in a much healthier position than most of our peers. The debt has a tangible asset attached to it.

 

[Brian Fantana]

We are the only club to take advantage of this facility

Man Utd too I think. The 2 clubs with the biggest match day income, so I don't think it will be a surprise. Probably the best two self sustaining financially run clubs in the country too. Some of the other clubs must be in a bit of a state too. At least we have a low wages to turnover ratio.

 

[94Spurs94]

175 mill?? Loose change for Uncle Joe

Uncle Joe is an investor, not a benefactor. The only reason he'll donate £175m is if he's pretty sure it'll net him £200m in the end. And that's a state of affairs I'd much prefer to the alternative of having some murderous state take over with the aim of making PR rather than profit.