we took risks before need to use our academy current tranfer market will eventually crash and burnI think Levy is a strong chairman but also putting a great spin on things. We have barely had a net spend for a long time now. We are no where close to spending more than our revenue so to say the current climate is unsustainable is not entirely the full picture.
We should still be in the position to make select signings that add genuine quality even if expensive vs. waiting for the market to correct. Its like buying a property or a stock during a boom where half way up things look toppy and then they can keep running. You might look right when things crash eventually but the rise up can leave you behind.
The way Levy runs the club is great but tomorrow is always a bigger focus than today for us. Has been the 25 years ive supported the club. Right now for the first time in years we have a squad for today so it would be nice to take a couple of risks, pay something a bit toppy without damaging our future prospects, but cement the squad to be in a real position to challenge for something this year vs. always having one eye on the future
So you think.we took risks before need to use our academy current tranfer market will eventually crash and burn
we took risks before need to use our academy current tranfer market will eventually crash and burn
FixedWell, he went to the end of season Australia one a couple of years ago as part of looking for a development partner for the stadium, so he definitely ties them in with baldness.
Mourinho
"I think until now they spent zero pounds, right? For me the dimension of their investment is amazing. They keep everybody they want to keep. They keep Dele Alli, Kane and Alderweireld, they keep Eric Dier, they keep everyone they want to keep.
"They sold Kyle Walker [to Manchester City] I think because they wanted to sell. And probably because they think Trippier is as good as Walker. And he's younger than Walker. They keep everyone they want to keep"
He is scared of us
Love all the amateur business advisers in this thread purporting to know better than a guy who has successfully run large corporates (including football clubs) for many decades, has a 1st in economics from Cambridge and has overseen the rise of this club to 2nd best in the country when what he took over had never even finished in the premier leagues top six.
If Levy thinks that the current spending can't go on forever, I trust him on that.
I think Levy is a strong chairman but also putting a great spin on things. We have barely had a net spend for a long time now. We are no where close to spending more than our revenue so to say the current climate is unsustainable is not entirely the full picture.
We should still be in the position to make select signings that add genuine quality even if expensive vs. waiting for the market to correct. Its like buying a property or a stock during a boom where half way up things look toppy and then they can keep running. You might look right when things crash eventually but the rise up can leave you behind.
The way Levy runs the club is great but tomorrow is always a bigger focus than today for us. Has been the 25 years ive supported the club. Right now for the first time in years we have a squad for today so it would be nice to take a couple of risks, pay something a bit toppy without damaging our future prospects, but cement the squad to be in a real position to challenge for something this year vs. always having one eye on the future
It's going to be really interesting to see how Levy copes with the club's wage bill in the next 2-3 years. I'm also interested in whether the club even ratchets up spending once a large portion of the stadium is paid off and revenues surpass 400 million pounds a year. There's been this long-standing belief among Spurs fans that additional gate receipts and other ancillary stadium revenues will allow the club to massively increase the wage bill and compete with top clubs in the transfer market when it comes to fees. I don't think this is going to be the case. There's nothing binding ENIC to take the windfall from the new stadium and plough it right back into the playing squad (Arsenal's board/ownership certainly didn't). They've seen a 500% increase in the last decade in television money coming into the club's coffers, but corresponding spending on wages and transfers has been just a fraction of that (our wage bill has only risen roughly 10% from 2010-2011 to 2015-2016 according club financial statements). Now one can argue that they are taking that surplus cash and building a debt free stadium, which they will 100% own (great for them), and once the debt is cleared, they'll begin spending massive amounts in earnest. I don't know if Levy's own words in the above article and history suggest he'll be overseeing that.
As far as future television deals, I think it's folly to project a collapse. Look at the NBA, MLB and NFL. All have had sagging or flat ratings for some time and all have seen exponential increases in television revenue because they are established brands with loyal followings. The EPL is going through a worldwide boom. Just read this article on a projected tripling of overseas television money in the next 5 years (http://www.dailymail.co.uk/sport/fo...ue-earn-billions-thanks-foreign-TV-deals.html). What I think is more likely to happen than a collapse in television revenue is a massive fan backlash to all the money being earned and spent that ultimately results in clubs acquiescing to ticket price caps. Gate receipts already make up a dwindling share of the top clubs revenues. Placating supporters with cheap tickets while gobbling up television and commercial cash seems like a way to keep fans loyal, and we've already seen the league implement this for away tickets starting this past season.
You might be right, just like we have been getting dire warnings about the London housing market being unsustainable for years without anything getting in the way of its growth. Nevertheless, Levy is never going to treat Spurs like a plaything. Even if there wasn't a new stadium to finance, even if he wasn't responsible to ENIC he still wouldn't as it's not in his nature.He mentioned that the current transfer climate is unsustainable, and seemed to infer that is the reason they haven't been as aggressive.
I don't know that I agree with him about the sustainability. I understand that the money is dumb, but there's no sign that there is going to be a market crash. Has that ever happened in sport? If there is a decline, it seems it would happen relatively slowly, not a giant crash where "oh you just paid 200M for Mbappe but now no one can afford to pay more than 20M for him". You may not make a profit on the player, but you should at least be able to get CLOSE to what you paid for him if you want to sell in a year or two.
Pretty sure that every single word that comes out of Jose's mouth has some kind of alterior motive hidden underneath it.