Spurs Financials 2019/20

[Spursidol]

The whole thing could work out quite well for us financially relative to the clubs around us.

Stadium was always going to increase revenues over several years - cpronavirus will put a hole in our revenues but we will probably remain profitable as our wages/turnover is lower than most if not all other PL clubs.

Whereas for most other PL clubs the coronavirus effect could plunge most into losses and a need to offload players.

Cant see us going on a big spending spree as much because most players we want to move wont take a pay cut restricting numbers we can recruit.

But we will be a lot better off than probably 80% to 90% of PL clubs

 

[Melspurnian]

Probably a good thing that levy knows how to run a business at a time like this

 

[Blanchflower]

Probably a good thing that levy knows how to run a business at a time like this

It's always a good thing, unfortunately his common sense approach is judged alongside other clubs who either have very different motives, like City and Chelsea, or others that are being pretty reckless with their futures.

 

[Spursidol]

Juventus' players and manager Maurizio Sarri have agreed to their pay being stopped for four months to save the club an estimated 90m euros (£80.7m) during the coronavirus pandemic.

Should football resume in the country, which has been the hardest hit by coronavirus in Europe, Juventus will look again at the situation "in good faith".

https://www.bbc.co.uk/sport/footbal...news/world&link_location=live-reporting-story

[/URL]

Players and directors at Bayern Munich and Borussia Dortmund have agreed to take temporary pay cuts. Bayern players will take a 20% pay cut, while Dortmund players will "waive part of their salaries".

Players at Union Berlin, 11th in the Bundesliga, announced they will go entirely without their wages.
Borussia Monchengladbach players offer to forgo wages amid coronavirus crisis

Think its just a question of timing as to when PL players agree to reduce wages.

Looks as if it might need to be done club by club rather than by PL as a whole - possibly as different clubs will be under different financial pressures - for example Everton pay out almost 90% of their total revenues as wages , so players will need to take a wage cut or the owner has to put in more money (not allowed under FFP - but owner may not be able to if his other businesses also under pressure) or the club will fold.

But logically PL will negotiate with PFA (players union ) at least the framework of an agreement given that its likely that each Pl club will lose say £50m-£100m revenues if (as I expect) the season can never be completed, and even if it is completed revenues will still be well down.

 

[Brian Fantana]

Probably a good thing that levy knows how to run a business at a time like this

Turning the stadium into a private hospital for corona virus patients who can afford to pay?

(Joking obviously)

 

[skywalker68]

Stadium was always going to increase revenues over several years - cpronavirus will put a hole in our revenues but we will probably remain profitable as our wages/turnover is lower than most if not all other PL clubs.

Whereas for most other PL clubs the coronavirus effect could plunge most into losses and a need to offload players.

Cant see us going on a big spending spree as much because most players we want to move wont take a pay cut restricting numbers we can recruit.

But we will be a lot better off than probably 80% to 90% of PL clubs

The club wasn't going to go on a spending spree regardless of whether this horrible virus was in play or not.

 

[Spursidol]

The club wasn't going to go on a spending spree regardless of whether this horrible virus was in play or not.

Depends what you mean by a spending spree.

Before coronavirus hit, the club would probably have invested £100m plus sales values to buy 4-6 good players, similar amounts to last season.

Post coronavirus, just impossible to say what happens in the football world other than with gdp worldwide down (and very possibly with 19/20 not finishing tv/sponsorship monies down by £50m - £100m per club), all clubs including Spurs will spend less on transfers and reduce player wages, including very possibly agreeing a reduction (lets say 20% as an example) with players already under contract (as Bayern, Juventus and others have already done).

 

[skywalker68]

Depends what you mean by a spending spree.

Before coronavirus hit, the club would probably have invested £100m plus sales values to buy 4-6 good players, similar amounts to last season.

Post coronavirus, just impossible to say what happens in the football world other than with gdp worldwide down (and very possibly with 19/20 not finishing tv/sponsorship monies down by £50m - £100m per club), all clubs including Spurs will spend less on transfers and reduce player wages, including very possibly agreeing a reduction (lets say 20% as an example) with players already under contract (as Bayern, Juventus and others have already done).

No disrespect but clubs like Leicester, wolves, Everton or west ham will probably spend similar, and let's face it we supposed to be a bigger club than any of them.
That amount won't really buy us top notch but good rather than great, although this virus has made football not important.

 

[Spursidol]

No disrespect but clubs like Leicester, wolves, Everton or west ham will probably spend similar, and let's face it we supposed to be a bigger club than any of them.
That amount won't really buy us top notch but good rather than great, although this virus has made football not important.

If you look at previous pages you will see Everton and Leicester in particular bet their clubs on getting cl football this season - their wages/total revenue % are unsustainable and would have needed to sell if they didn't get cl football next season (as Everton definitely would not).

Spurs finances mean we would, before coronavirus, have been able to spend that £100m+ sales in summer 2020 followed by another decent TW in 2021, which would have likely meant we had replaced 50% to 75% of the squad by then. Its a longer term relatively low risk strategy - rather than betting all on one TW or one season.

 

[skywalker68]

If you look at previous pages you will see Everton and Leicester in particular bet their clubs on getting cl football this season - their wages/total revenue % are unsustainable and would have needed to sell if they didn't get cl football next season (as Everton definitely would not).

Spurs finances mean we would, before coronavirus, have been able to spend that £100m+ sales in summer 2020 followed by another decent TW in 2021, which would have likely meant we had replaced 50% to 75% of the squad by then. Its a longer term relatively low risk strategy - rather than betting all on one TW or one season.

At the start of the season both those clubs would not have thought CL football was on the cards for them, as the season was drawing to a conclusion Leicester would have got top four imo along with either Chelsea or utd.
Everton will be fine in the short and long term because they have an owner who is keen to push them on.

 

[Spursidol]

At the start of the season both those clubs would not have thought CL football was on the cards for them, as the season was drawing to a conclusion Leicester would have got top four imo along with either Chelsea or utd.
Everton will be fine in the short and long term because they have an owner who is keen to push them on.

FFP enormously restricts what the Everton owner can do in paying wages and transfer fees on its current revenue base - certainly could fund the new stadium but that's at least 2 - 3 years away, and until then their revenues can't continue to support their current players wages.

 

[skywalker68]

FFP enormously restricts what the Everton owner can do in paying wages and transfer fees on its current revenue base - certainly could fund the new stadium but that's at least 2 - 3 years away, and until then their revenues can't continue to support their current players wages.

Trouble is these owners still seem to not be worried that much about FFP so either levy is aware of something that no other chairman is aware of, or we are constantly held back by him whilst others pursue the dream.

 

[Team Tanguy]

Let's never spend again, you never know when the next pandemic is!
Thank god we have Lord Levy who certainly isn't a tight stingy cunt, just preparing for a rainy day that's all.

Ah yeah anyone else get those tasteless emails from the club to stay home... in brand new expensive Spurs shop gear? Lol.

 

[stevee]

Trouble is these owners still seem to not be worried that much about FFP so either levy is aware of something that no other chairman is aware of, or we are constantly held back by him whilst others pursue the dream.

Isn't FFP over a 3 year period?

So if those teams can't increase their revenue in that time (CL, new stadium) then they are going to have to sell off the players on top wages?

 

[Spursidol]

Trouble is these owners still seem to not be worried that much about FFP so either levy is aware of something that no other chairman is aware of, or we are constantly held back by him whilst others pursue the dream.

As someone who's been supporting Spurs since the 70's its quite clear that Levy's worked miracles to resurrect the club from the Scholar financial meltdown at Spurs and Sugar austerity/recovery years which meant we missed out on the boom of the start of PL. So under current management we've gone from praying we got to 40 points before the end of April to get a bottom half PL place (but above relegation places), via Jol's 5th placed finishes (the highest places in table for circa 30 years) and European football - to our current status with 12 years out of the last 13 years with european football.

So for most fans with any memory of the past we've gone from frequent bottom 6 of the PL to top of PL and top 10 (ish) in Europe with dreams/aspirations to continue to improve. Most fans would die to get a similar journey

 

[pipes]

As someone who's been supporting Spurs since the 70's its quite clear that Levy's worked miracles to resurrect the club from the Scholar financial meltdown at Spurs and Sugar austerity/recovery years which meant we missed out on the boom of the start of PL. So under current management we've gone from praying we got to 40 points before the end of April to get a bottom half PL place (but above relegation places), via Jol's 5th placed finishes (the highest places in table for circa 30 years) and European football - to our current status with 12 years out of the last 13 years with european football.

So for most fans with any memory of the past we've gone from frequent bottom 6 of the PL to top of PL and top 10 (ish) in Europe with dreams/aspirations to continue to improve. Most fans would die to get a similar journey

None of that matters because we didn’t sign Coutinho for £200m.

 

[skywalker68]

Isn't FFP over a 3 year period?

So if those teams can't increase their revenue in that time (CL, new stadium) then they are going to have to sell off the players on top wages?

All clubs sell player's though that's why we recruit like we do with the young talented players, purchase for a decent price then sell on for a bigger price couple of seasons later.

 

[Spursidol]

All clubs sell player's though that's why we recruit like we do with the young talented players, purchase for a decent price then sell on for a bigger price couple of seasons later.

We can do that because we have the finances.

Everton cant follow us atm as they do not have the finances - they just need to sell to get the highest earners (usually their best players) off the books and replace with lower paid players or young players who they hope will develop.

 

[skywalker68]

As someone who's been supporting Spurs since the 70's its quite clear that Levy's worked miracles to resurrect the club from the Scholar financial meltdown at Spurs and Sugar austerity/recovery years which meant we missed out on the boom of the start of PL. So under current management we've gone from praying we got to 40 points before the end of April to get a bottom half PL place (but above relegation places), via Jol's 5th placed finishes (the highest places in table for circa 30 years) and European football - to our current status with 12 years out of the last 13 years with european football.

So for most fans with any memory of the past we've gone from frequent bottom 6 of the PL to top of PL and top 10 (ish) in Europe with dreams/aspirations to continue to improve. Most fans would die to get a similar journey

Er ok mate thanks

 

[skywalker68]

We can do that because we have the finances.

Everton cant follow us atm as they do not have the finances - they just need to sell to get the highest earners (usually their best players) off the books and replace with lower paid players or young players who they hope will develop.

But if Everton are spending similar to us but you say they don't have the money then why are they continuing to do so, or if we have more money but spend similar are we too cautious in the market.