The Daily ITK Discussion Thread - 22 August 2011

Paolo10 · Aug 22, 2011

We should accept less for some players though, that's the point, especially if it's holding us back from signing players to help us progress which is the issue with 9 days to go in the window.

walton · Aug 22, 2011

Arkie said:
err, whats the OS?

Olympic Stadium. In one final attempt to hijack the Hammers' move there, Levy is going to graffiti the whole site with the news that Diarra has signed for us.

Scott Spur · Aug 22, 2011

talkshowhost86 said:
What you're advocating is adding 33% on to the value of a player just to get him in early. You are then similarly saying we should accept less than players are worth when selling them.

No doing that on Diarra won't bankrupt us. Yes doing it on all players would. It's the same with regards to wages. Yes we can make our wage structure more flexible, no that doesn't mean we can offer players over 100k a week. Yes we can accept less for some players but no we shouldn't be doing it for all of them.

I accept the point that we messed up the transfer window in January. I don't think many people dispute that. But that's no reason to go gung-ho this window and throw financial caution to the wind.

Remember that Levy's 'frugality' with his wallet (ridiculous when you think how much we've actually spent) is what got us into the Champions League. Forgetting that is a severe case of short term memory loss.

See above.

DL has supported this club with financial strength far and beyond its means from day one. Trouble is, some idiots will still then knock him if he is forced into selling an unhappy player and makes a profit :bang:

geeez.........wish we had Bernie & Fabio or Hicks & Gillett :whistle:

RichSpur58 · Aug 22, 2011

Stoof said:
You realise how much £3,000,000 is don't you?

Our profit figure (very loose look at the Financial Statements) was £22.4m for the y/e 30 June 2010.

Your economies of scale are all over the place. Which is why you don't run a football club.

Maybe if we had spent an extra 3m last year getting in a striker we could have made an extra 40m in the champions league.

StartingPrice · Aug 22, 2011

LLPaulJ said:
A fair few posters on here will compare us to Liverpool this summer and go 'Well.. Liverpool have managed to get deals in quick with no hassle? Why can't we do that?' What most forget is that the calibre of players they have signed this summer (Downing, Adam, Henderson, Enrique) are hardly going to be pushing near the top end of the Liverpool earners at the club. Maybe not even near the top earners at Spurs.

Whereas its pretty obvious that we have tried to go out and get players that are going to be an upgrade on what we already have, meaning wages are going to be higher which will result in longer periods of negotiating to meet everyones needs.

Another point on Liverpool also, I dont actually think Liverpool have improved on the 11 players that they had at the end of last season that much at all this summer. All they have really done is just give themselves more options on the bench.

Exactly.
Liverpool finished last season with an inferior squad to ours. Therefore, their tast was to pgrade their squad. Our task was to upgrapde our first team. Totally different stage of squad development.

Montasura said:
Kenco is a country mile better than Nescafe :-|

Yeah, but I'm a sucker for brand loyalty :cry:

fatpiranha said:
I don't think there is any need to panic yet.

Nope.

Hot-Spur said:
Not always easy being patient.

Yeah, but if you are being impatient while being patient, you aren't really being patient, you are being impatient while claiming to be patient...clear :shrug:

Mystery said:
It's all good in the hood

:clap:

Norvern Munkey said:
...Bloody hell!!!! .... have just read through 15 pages of what can possibly be described as, in the main, the biggest load of whining bullshit i have ever seen.

Exactly.
Boo hoo, poor us, poor us, boo hoo...DL didn't sign/sell players as fast as I would like, therefore I will question his professional competence...boo hoo :roll:

talkshowhost86 · Aug 22, 2011

Anyway...to try and wrestle this back onto the actual topic of ITK...

Go forth and whore everyone! There must be some ITK somewhere for you to bring back to your masters at SC.

McFlash · Aug 22, 2011

Just to play devils advocate a bit TSH....Gilberto!
How much did we pay for him with six months left on his contract?

If we'd have only waited those six months....we'd have maybe realised he was pony!
We have form...
:wink:

Anyhoo, Diarra will cheer me up a tad but he ain't a bleedin' striker now is he?!! Where is (are) my striker(s)?:razz:

andyp8080 · Aug 22, 2011

Mystery.............where have you gone?

are you going to elaborate on your little snippet??

Stoof · Aug 22, 2011

RichSpur58 said:
Maybe if we had spent an extra 3m last year getting in a striker we could have made an extra 40m in the champions league.

You had me at "maybe".

Let's not turn this thread into a game of ifs, whats, maybes and your mothers.

For the record: talkshowhost86's mother is a fine, respectful and gentle woman.

Scutch · Aug 22, 2011

andyp8080 said:
Mystery.............where have you gone?

are you going to elaborate on your little snippet??

Will it matter, really? All the ITK's have been elaborating and giving us cryptics and teasers all window. We've signed Brad Friedel. I'm sure if Mystery wanted to tell us, he would. Doesn't need to be poked with a stick to try and give out his goodies. Bill Oddie was a Goodie.

Scott Spur · Aug 22, 2011

nothing new on Bluemoon & that is ITK :whistle:

Mystery · Aug 22, 2011

There was no "cryptic" or anything, I'm just saying it's all good, plenty of time left yet

walworthyid · Aug 22, 2011

Mystery said:
There was no "cryptic" or anything, I'm just saying it's all good, plenty of time left yet [/quote

I thought we were signing Cuba Gooding Jnr!

Oh well............

Krafty · Aug 22, 2011

Pessimistic Spurs fan: "This Transfer window can't get any worse!"

Optimistic Spurs fan: "Oh yes it can!"

RichSpur58 · Aug 22, 2011

Stoof said:
You had me at "maybe".

Let's not turn this thread into a game of ifs, whats, maybes and your mothers.

For the record: talkshowhost86's mother is a fine, respectful and gentle woman.

Why is it everytime someone mentions paying the going rate for a player they get shot down as the reincarnation of Peter Ridsdale?

If a key signing takes an extra 2 or 3m and the club can afford it, isnt it best to just get them in?

mattstev2000 · Aug 22, 2011

Scott Spur said:
...........i think you would find the above not that high on DL's priority list, anyone running a business (inc football club) looks beyond the short term, employee's and it would seem, football fans, don't...........

You don't think better performance on the field that a settled team would provide, qualification for the CL and the associated revenue is a long term plan? It's all just black and white yeah? Spend more money = burn like Leeds?

talkshowhost86 · Aug 22, 2011

RichSpur58 said:
Why is it everytime someone mentions paying the going rate for a player they get shot down as the reincarnation of Peter Ridsdale?

If a key signing takes an extra 2 or 3m and the club can afford it, isnt it best to just get them in?

:doh:

The point is that once you get a reputation for paying over the odds that reputation will stick and every other club, agent and player will want more than they're worth.

Do you think Downing is worth 20m? No of course he isn't. But because Liverpool had already paid stupidly over the odds for Carroll and Henderson, Villa were always going to ask for an OTT price. Liverpool will now find it very hard to get players at a reasonable price because everyone knows they're prepared to pay over the asking price.

We can't afford to do that unfortunately and Spurs fans really need to start understanding that.

tommo84 · Aug 22, 2011

mattstev2000 said:
Hyperbole much? You do realise you can spend a bit of money and not go broke don't you? I'm fairly certain if we paid 9m for Diarra or 12m for Diarra it wouldn't make us suddenly implode like Leeds. But it might mean that Diarra had already signed and signed in time for him to get a bit of pre-season under his belt and play against Man U.

I don't think most people on here are demanding that we go out and blow hundreds of millions on players we can't afford but if Mr. Levy was a bit less 'frugal' with the cheque book then I think we would have completed some signings earlier and cleared out some of the deadwood.

Stoof said:
You realise how much £3,000,000 is don't you?

Our profit figure (very loose look at the Financial Statements) was £22.4m for the y/e 30 June 2010.

Your economies of scale are all over the place. Which is why you don't run a football club.

Thought I'd back Stoof up as the nature of my work allows me to take more than just a very loose look at the fin stats.

The profit figure Stoof mentions is the operating profit, whoch doesn't take into account player trading and interest on loans. These included, we recorded a loss for the year to 30 June 2010.

However that really is only part of the picture. There is a saying in accountancy, 'profit is pure fiction, cash is king'. Basically, in a big enough entity you can manipulate the accounts in all manner of ways to inflate your profits, or reduce them in order to make tax savings. As Spurs are a PLC, they would be more inclined to increase the profit figure in order to encourage investment in the club's shares.

If we look at the cash picture in those same fin stats we see the club had approx £11m in cash at June 2010. This is reasonably healthy, however it is offset by £18m in bank loans. The part of the accounts which offers us direct insight into why the club need to haggle over a few £m here and there is the cash flow, which shows an overall cash outflow of £8m for the year. A net outflow of £28m is in relation to 'purchase of intangible assets', which translates as player purchases offset by sales. That so much of the club's cash position is dependent on player deals shows why the club have to be prudent when making purchases and sales and get the best deal possible at all times.

We're a very long way from being the next Leeds, but a wasteful few £m here and there each summer and we could find ourselves in trouble.

Paolo10 · Aug 22, 2011

Errrr...we already have a reputation as being complete tightwads who buy low and sell high. Time to break the chain tbh.

olijones83 · Aug 22, 2011

My mate works for a cosmetic surgery company, and one of his clients is a senior figure at Spurs - wouln't tell me who but says he's absolutely legitimate. Anyway, he told me over the weekend that we are 100% negotiating to get Kaka. By no means assured that we'll be successful. But absolutely insistent that we're trying.

Don't believe for a second that he'd come, but we're certainly aiming high if this is the case!

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