The Mauricio Pochettino thread

Bobbins said:

That was brilliant, that twat journo would not let it go and he just calmly shut him right down. Love it.

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Trix said:

I gh
I think Pochs would be happier if we got certain players tied down to new deals as much as incomings. I personally don't think he'll go, but my one concern is if levy believes it's a possibility no way will be sanction any incomings in the same way he didn't with Redknapp when he thought he might get the England job. I can understand this but imo the best way to keep hold of Pochs is at least in part give him what he wants.

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'O Zio said:

That's the trouble for me. Reading between the lines it seems like Eriksen, while not unhappy at the club, is weighing up his options before signing anything just in case one of Barca/Madrid etc. come in for him, and if there's uncertainty about Poch's future hanging over us then that will obviously make him even less likely to sign anything before the end of the season.

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'O Zio said:

Honestly mate I'm not a professional accountant and nor do I work for UEFA so all the nitty gritty specifics I'll gladly admit I don't know. My understanding on basic terms of the FFP regulations is that you can't make a loss of more than a minimal amount, I believe 5m euro or something, and that this loss/profit calculation is deliberately designed so that cash injections from some rich owner do not count towards the income i.e. the income has to be generated in some way by the club itself, whether that be through sponsor deals, player sales, matchday income, TV money etc. etc. Clearly this system isn't foolproof, as City and PSG's expensive accountants and lawyers have found clever ways to circumnavigate this. But in principle, it's specifically designed to stop rich owners just being able to bankroll clubs by throwing money at them artificially.

In light of this, and I could well be wrong, surely something as blatant as Lewis essentially buying shares off himself for an inflated fee so that he could pretend the money wasn't him just injecting cash must be covered by the regulations, given that it's exactly the kind of "Here have some more money" system that it was brought in to stop.

Anyway, my original point wasn't to get into the specifics of all this, I was just pointing out that I don't think Lewis can simply "back Poch" by writing him a blank cheque. Any money he wanted to pump into the club would have to, in some way, be worked so that it didn't count as just a cash injection from the owner, whether that be offsetting it against stadium costs or whatever. Like I say, I don't know. But it definitely isn't a case of Lewis just "putting his money where his mouth is" or whatever. It's not that simple. THat was my point originally.

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minesadouble said:

Good question.

This thread appears to have a lot of amateur accountants. Same as the media. Spouting stuff they don't really understand.

I'll try and explain how things might work.

"Investment" covers a whole slew of types of money. The most basic is Ordinary Shares, that define who owns the company, controls the AGM votes, and ultimately receives the shareholder value via dividends or sale of the company. The Ordinary Shares are owned by ENIC (Joe Lewis and Daniel Levy) with a balance (15%?) owned by loads of small shareholders, basically Spurs fans, who've owned them for years (I bought mine mid-80s when we floated).

If Joe Lewis "invested" say £100m for new Ordinary Shares, he'd expect to get an even bigger percentage of the company. If he did it through ENIC, it's a question of whether Daniel can match his money to keep his own % share the same? Or ENIC could maybe borrow money to invest? It's complex and there are many variables. Too many to discuss here. The point is an injection of new money via Ordinary Shares (what's called a Rights Issue) is possible but seems unlikely.

Unless it's an agreed 'offer' whereby a new party (say a US, Asian or middle eastern investor) buys say £100m worth of new Spurs shares and receives a minority stake in the Club / company. So £100m would get you 10% (I'm simplifying to make maths easy, if we value Spurs at £1 billion).

Much MORE likely is that the "investment" comes in the form of something other than Ordinary Shares.

1. It could be debt. Some kind of loan. But given that the Club / Company has already borrowed substantially from banks to fund the new stadium it's unlikely. Our 'gearing' (ratio of Shares to Debt, simply put) might start to be stretched, leaving aside the borrowing costs (interest, etc.) of more debt. Even if Joe Lewis was prepared to lend £100m (instead of getting £100m worth of new shares) a combination of financial factors, accounting rules and FFP, make that something the directors of the Club might not be able to consider.

2. It could be a hybrid type of finance between equity (Ordinary Shares) and debt (loan). This includes Preference or 'B' Shares. I don't have time to try and explain here now but they don't give the same 'voting' or 'ownership' rights as Ordinary Shares but don't count as loans either. If there are buyers out there, this type of finance is possible.

3. Personally I think the Stadium Rights deal is the most likely kind of "investment" we'll get in 2019. I've seen posts here saying "Levy must get off his butt and do a deal". Incredibly naïve. Levy could do a naming rights deal any time. If he was prepared to do a crap deal. But once signed, a naming rights deal can't be unsigned for 10+ years (often longer). The money would be fixed, give or take. The stadium would be named. Any other interest from other companies would disappear. So Levy's been holding out for as good a deal as possible (which should surprise nobody who's familiar with the man). He's been waiting for people to be able to see the finished stadium, for greater clarity about Wembley/NFL etc., probably for the World economic situation to become more positive. He's playing high stakes poker. He wants the stadium sponsor to pay what he thinks the rights are worth (a lot).

We are lucky in that Pochettino is a very intelligent man. He studied business after his playing career. I think one of the reasons he gets on with Levy is that he can speak the same language. He's not a moaner (unlike many top managers) who just wants more and more money to spend on players. He doesn't think like most journos and pundits (and many fans).

Equally, (I suspect) he doesn't want his intelligence and loyalty to be taken for granted. He knows that the gap to Man City will be hard to bridge without more money. His difference with Levy is about 'courage' not principle. Read his book. Poch is a man for whom bravery is paramount. That's why we play out from the back and press high, and risk mistakes and counter-attacks. Levy is different. He's responsible for a historic Club. He won't do a Ridsdale and bet the Club for a bit of glory. But the idea that Levy is just a bean counter obsessed with caution just isn't supported by the facts of nearly two decades. In short, the men are nowhere near as different as cliché might make it appear.

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newbie said:

Could Lewis hypothetically pay off a chunk of the stadium or get round ffp by financing the stadium seperate from the club, so we get the income but don’t have to pay of the mortgage like Chelsea do pump loads in to there accademy as it’s not counted in ffp then sell the players off profit goes in to the first team?

I know spurs do not work like this just wondered if it’s possible.

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Lilbaz said:

It's possible but you have to remember that the majority of lewis's wealth is the businesses he owns. Tottenham account for £1bn tavistoc etc... most of the rest. He is not cash rich like abramovich was after selling sibneft or has the wealth of a country like city's owners.

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olliec said:

Utd fans already on social media saying they can’t wait for summer when Poch joins. Cocky fuckers have it in there head he’s already there and it’s the inevitable!

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Thewobbler said:

There is a lot of work to do to get man utd back to the powerhouse they once were on the pitch. It is a mouthwatering job. Im not worrying about anything until the season is over. Poch seems very professional and will crack on with the task at hand.

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Lilbaz said:

It's possible but you have to remember that the majority of lewis's wealth is the businesses he owns. Tottenham account for £1bn tavistoc etc... most of the rest. He is not cash rich like abramovich was after selling sibneft or has the wealth of a country like city's owners.

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Bulletspur said:

Whether or not he goes its up to him.

If he stays it confirms that he believes in us and that will give us a big boost in moral, performance and a "feel good" factor across the whole spectrum of the club, which should ultimately result in trophies. It would also confirm that he understands our financial dilemma (unlike most fans) and would not use that against us as leverage. If this is the case he should (in my opinion) come out and say it now for the benefit of the fans and players, and put this newsmongering to bed.

If he decides to leave, it tells a different story. Part of that being that he was never fully into us and was just using us as a means to an end. We could then put down his managerial performances for us as having the ulterior motive as a window dressing to be observed by his "bigger" club while doing a good job for us. So in that case I would say good riddance. It would be hard but we would survive. Again in my opinion if he want out, at least let the board know now so they can start to do their planning for next season.

The thing about this Manu saga that has me really angry, is the total disrespect for Tottenham Hotspur as a club with regard to our Board, players and supporters, from the press and other so called experts.

To be fair Manu is within their right to enquire about Poch if they so wish as long as it is done through the proper channels, but no ones know whether or not they are interested in him, its all wild speculation. Of course Poch would be a good fit for them, but to listen to a journalist (Darren Lewis from the Mirror talking on Talksport) actually say "The world needs Manchester United as it is the biggest club in the world, so if it takes Poch to fix it, then Manchester United should go out and get him." So what? So its right to go and dismantle and upheave a club that is doing much better than Manu, and use them as a sacrifice so that Manu can be brought back to past glories? What arrogance! Unfortunately his views are echoed by most of the press. In other words, fuck Tottenham!

I have always suspected that in the past 4 or 5 years that we have progressed from "nearly rans" to cementing ourselves as top four and credible contenders to the title, has not gone well with a lot of the press. They have been begrudging in our good performances and scathing in any bad results or loses we have endured. It is as if we are just pretenders with no right to be where we are, especially as we have spent fuck all, unlike the others. Now they have found a way to destabilise us and are happy to see us go "back to where we belong". If what I am saying is not true, then why arent the remaining managers from the top 6 clubs, namely Klopp, Pep, Emery and Sarri not being targeted as well? After all, all four managers could also do the job.

I, like most of you, would dearly love him to stay but we have to accept and prepare for the worst just in case.

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Bulletspur said:

Whether or not he goes its up to him.

If he stays it confirms that he believes in us and that will give us a big boost in moral, performance and a "feel good" factor across the whole spectrum of the club, which should ultimately result in trophies. It would also confirm that he understands our financial dilemma (unlike most fans) and would not use that against us as leverage. If this is the case he should (in my opinion) come out and say it now for the benefit of the fans and players, and put this newsmongering to bed.

If he decides to leave, it tells a different story. Part of that being that he was never fully into us and was just using us as a means to an end. We could then put down his managerial performances for us as having the ulterior motive as a window dressing to be observed by his "bigger" club while doing a good job for us. So in that case I would say good riddance. It would be hard but we would survive. Again in my opinion if he want out, at least let the board know now so they can start to do their planning for next season.

The thing about this Manu saga that has me really angry, is the total disrespect for Tottenham Hotspur as a club with regard to our Board, players and supporters, from the press and other so called experts.

To be fair Manu is within their right to enquire about Poch if they so wish as long as it is done through the proper channels, but no ones know whether or not they are interested in him, its all wild speculation. Of course Poch would be a good fit for them, but to listen to a journalist (Darren Lewis from the Mirror talking on Talksport) actually say "The world needs Manchester United as it is the biggest club in the world, so if it takes Poch to fix it, then Manchester United should go out and get him." So what? So its right to go and dismantle and upheave a club that is doing much better than Manu, and use them as a sacrifice so that Manu can be brought back to past glories? What arrogance! Unfortunately his views are echoed by most of the press. In other words, fuck Tottenham!

I have always suspected that in the past 4 or 5 years that we have progressed from "nearly rans" to cementing ourselves as top four and credible contenders to the title, has not gone well with a lot of the press. They have been begrudging in our good performances and scathing in any bad results or loses we have endured. It is as if we are just pretenders with no right to be where we are, especially as we have spent fuck all, unlike the others. Now they have found a way to destabilise us and are happy to see us go "back to where we belong". If what I am saying is not true, then why arent the remaining managers from the top 6 clubs, namely Klopp, Pep, Emery and Sarri not being targeted as well? After all, all four managers could also do the job.

I, like most of you, would dearly love him to stay but we have to accept and prepare for the worst just in case.

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Bulletspur said:

Whether or not he goes its up to him.

If he stays it confirms that he believes in us and that will give us a big boost in moral, performance and a "feel good" factor across the whole spectrum of the club, which should ultimately result in trophies. It would also confirm that he understands our financial dilemma (unlike most fans) and would not use that against us as leverage. If this is the case he should (in my opinion) come out and say it now for the benefit of the fans and players, and put this newsmongering to bed.

If he decides to leave, it tells a different story. Part of that being that he was never fully into us and was just using us as a means to an end. We could then put down his managerial performances for us as having the ulterior motive as a window dressing to be observed by his "bigger" club while doing a good job for us. So in that case I would say good riddance. It would be hard but we would survive. Again in my opinion if he want out, at least let the board know now so they can start to do their planning for next season.

The thing about this Manu saga that has me really angry, is the total disrespect for Tottenham Hotspur as a club with regard to our Board, players and supporters, from the press and other so called experts.

To be fair Manu is within their right to enquire about Poch if they so wish as long as it is done through the proper channels, but no ones know whether or not they are interested in him, its all wild speculation. Of course Poch would be a good fit for them, but to listen to a journalist (Darren Lewis from the Mirror talking on Talksport) actually say "The world needs Manchester United as it is the biggest club in the world, so if it takes Poch to fix it, then Manchester United should go out and get him." So what? So its right to go and dismantle and upheave a club that is doing much better than Manu, and use them as a sacrifice so that Manu can be brought back to past glories? What arrogance! Unfortunately his views are echoed by most of the press. In other words, fuck Tottenham!

I have always suspected that in the past 4 or 5 years that we have progressed from "nearly rans" to cementing ourselves as top four and credible contenders to the title, has not gone well with a lot of the press. They have been begrudging in our good performances and scathing in any bad results or loses we have endured. It is as if we are just pretenders with no right to be where we are, especially as we have spent fuck all, unlike the others. Now they have found a way to destabilise us and are happy to see us go "back to where we belong". If what I am saying is not true, then why arent the remaining managers from the top 6 clubs, namely Klopp, Pep, Emery and Sarri not being targeted as well? After all, all four managers could also do the job.

I, like most of you, would dearly love him to stay but we have to accept and prepare for the worst just in case.

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Thmsdonaghy said:

If Pochettino really did want the Utd job surly Levy would put him on gardening leave and just work out a financial package with Utd. The fact that this hasn't happened tells me he is going to stay and just doesn't want to speculate on nothing but paper talk and pundits having him in the job already. What's also surprising is the amount of Liverpool fans being so gleeful about the prospect of Pochettino going to Utd. I really hope I'm right in thinking that he has already told Levy & the players that he is staying as otherwise his position as Head Coach at Tottenham would be completely untenable. #COYS

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Lilbaz said:

Lol. Didn't hear many spurs fans talk about disrespect when we were getting poch from soton.

If you don't like what the press are saying stop reading their articles. If they are not making money from those stories they will stop writing them.

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Bulletspur said:

Whether or not he goes its up to him.

If he stays it confirms that he believes in us and that will give us a big boost in moral, performance and a "feel good" factor across the whole spectrum of the club, which should ultimately result in trophies. It would also confirm that he understands our financial dilemma (unlike most fans) and would not use that against us as leverage. If this is the case he should (in my opinion) come out and say it now for the benefit of the fans and players, and put this newsmongering to bed.

If he decides to leave, it tells a different story. Part of that being that he was never fully into us and was just using us as a means to an end. We could then put down his managerial performances for us as having the ulterior motive as a window dressing to be observed by his "bigger" club while doing a good job for us. So in that case I would say good riddance. It would be hard but we would survive. Again in my opinion if he want out, at least let the board know now so they can start to do their planning for next season.

The thing about this Manu saga that has me really angry, is the total disrespect for Tottenham Hotspur as a club with regard to our Board, players and supporters, from the press and other so called experts.

To be fair Manu is within their right to enquire about Poch if they so wish as long as it is done through the proper channels, but no ones know whether or not they are interested in him, its all wild speculation. Of course Poch would be a good fit for them, but to listen to a journalist (Darren Lewis from the Mirror talking on Talksport) actually say "The world needs Manchester United as it is the biggest club in the world, so if it takes Poch to fix it, then Manchester United should go out and get him." So what? So its right to go and dismantle and upheave a club that is doing much better than Manu, and use them as a sacrifice so that Manu can be brought back to past glories? What arrogance! Unfortunately his views are echoed by most of the press. In other words, fuck Tottenham!

I have always suspected that in the past 4 or 5 years that we have progressed from "nearly rans" to cementing ourselves as top four and credible contenders to the title, has not gone well with a lot of the press. They have been begrudging in our good performances and scathing in any bad results or loses we have endured. It is as if we are just pretenders with no right to be where we are, especially as we have spent fuck all, unlike the others. Now they have found a way to destabilise us and are happy to see us go "back to where we belong". If what I am saying is not true, then why arent the remaining managers from the top 6 clubs, namely Klopp, Pep, Emery and Sarri not being targeted as well? After all, all four managers could also do the job.

I, like most of you, would dearly love him to stay but we have to accept and prepare for the worst just in case.

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Lilbaz said:

Why the hell would you put him on gardening leave? We have a few things to play for. How much would not qualifying for the cl cost us? Not just in terms of money but prestige and image of the club. I'd rather they agree with utd qnd then say but at the end of the season, we could then properly look for a replacement and prepare for that.

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