Financial Results - club announcement

[Westmorlandspur]

i've only looked at the wages bit - are these caste iron figures? Gil on £80k a week and Sarr and Spence on £65k - no wonder we won the race for these young players, that did shock me.

Also think Emmerson and Skipp needs a raise ! No other surprises although Kulu already on £110k again seems to show how we've enticed these promising youngsters under Paratici , definitely not Levyesque figures for such young,fairly untested players (Sess a pre Paratici signing, PL experience yet 'only' £57k)

Gil on 40k. So it says. Anyone who believes all of this needs a good shake. Just guessing. No doubt hit the target now and again. Most of us could have guessed some of the bigger figures.
Daniel has always done incentivised contracts. Ndombele might have been able to reach 200k but only if he played all the games and we were successful . He didn’t and we weren’t.
michael Brown was on Sky a year ago and said his contract paid more if he came on as sub before 66 mins and less if it was after that time.. if he micro manages that much a lot of those wages will be way out if you are not a regular first team starter.

 

[SirHarryHotspur]

Why do you find it funny? Newcastle are literally only just starting out on their spending journey, and they have to do it carefully for ffp reasons. Year on year they'll increase their spend on players and wages there is little doubt on that.

Just funny in the sense that many believe and quote in many threads that Newcastle will spend spend spend , ignore FFP and will not be charged by PL because money talks, personally I don't believe that.

 

[McArchibald]

Just funny in the sense that many believe and quote in many threads that Newcastle will spend spend spend , ignore FFP and will not be charged by PL because money talks, personally I don't believe that.

I would like to think so too - but up until now, the Football authorities haven't been able to make FFP really stick.

If Man City, PSG et al are finally made to suffer for their decade-long infringements of the rules, then I'll start to believe...

 

[SirHarryHotspur]

I would like to think so too - but up until now, the Football authorities haven't been able to make FFP really stick.

If Man City, PSG et al are finally made to suffer for their decade-long infringements of the rules, then I'll start to believe...

The Man City case result will be the guide, PL spent 4 years investigating , they knew that the UEFA case failed for various reasons in 2020 but still charged Man City with over 100 rule breaches between 2009 & 2018 , would they waste everybody's time if they weren't confident that they would succeed, have to wait and see what Murray Rosen decides.

 

[hero]

Financial Fair Play 2021/22

Dance This Mess Around

swissramble.substack.com

 

[chas vs dave]

Financial Fair Play 2021/22

Dance This Mess Around

swissramble.substack.com

This looks interesting, shame they've put it behind a subscription.

Those numbers look horrendous from a sustainability point of view.

 

[gazzeh]

We're the ONLY club not making a loss?

 

[FrankSpencer]

Chelsea on 551m loss without last years transfer business included!

Wow.

 

[Timberwolf]

We're the ONLY club not making a loss?

Those numbers were including the CL-final season in which we made a fat profit hence we were in the green. Over the past 3 seasons once you take out 2019 we've, without doubt, made a reasonable loss.

Pretty mad that we were the only team not in the red over those 3 years, though.

 

[spursfan77]

Chelsea on 551m loss without last years transfer business included!

Wow.

Saudis are about to help them out though, they'll be fine. Just like when they managed to offload a load of players to China.

 

[FrankSpencer]

Saudis are about to help them out though, they'll be fine. Just like when they managed to offload a load of players to China.

No doubt. I would be very concerned if I was a Leicester fan right now, that situation is perilous!

 

[spursfan77]

No doubt. I would be very concerned if I was a Leicester fan right now, that situation is perilous!

If they dont come straight back up I think they will end up falling foul of the EFL FFP rules (again).

 

[FrankSpencer]

If they dont come straight back up I think they will end up falling foul of the EFL FFP rules (again).

Probably why Levy will try and drag his heels over Maddison / Barnes transfer fees, they’re going to need the funds.

 

[noggen]

We would have been / going to be champions if FFP actually existed

 

[spursfan77]

Probably why Levy will try and drag his heels over Maddison / Barnes transfer fees, they’re going to need the funds.

I wonder if it needs to be done by 30 June too for the financial year or if it doesnt matter in this case. Hope it happens before preseason anyway.

 

[FrankSpencer]

Probably why Levy will try and drag his heels over Maddison / Barnes transfer fees, they’re going to need the funds.

I would imagine they’ll want it in this financial year to offset some of this debt.

They have the parachute payment to come, but that’s not going to cover their debts by any stretch.

They also don’t really have many players worth much either. Maddison, Barnes, Dewsbury-Hall and Ndidi will probably be their most profitable sales, with Castagne, Iheanacho and Daka to a lesser degree.

 

[brasil_spur]

https://capology.com/club/tottenham/salaries/ also one of the most reliable sources. They even mention where they an inside scoop and where they use their data model to guess a possible salary.

So that's a decent amount of wages saved if we offload:

Perisic - £180k
Lenglet (already gone) - £145k
Lloris - £100k
Moura (£45k) - £90k
Dier - £85k
Danjuma (already gone) - £45k

That alone saves us £645k per week.

 

[leffe186]

The results seem worse than they are because the club are depreciating the stadium and training ground quite quickly at present (depreciating at around £72m a year, which I'm guessing is a 20 year deprecation). If you remove that 'accounting cost' from our numbers then you can see we'd actually be in profit overall.

While we're nowhere near broke, we will have to start paying attention to FPP soon. For this set of accounts I think our run rate is about 88% so we're well under the limit, in the next set of accounts we'll also be fine as I expect our revenue number will jump to £530m+ for that period and our additional player amortisation costs in this financial year won't have jumped up too much on last season.

If we miss the CL this season though then we might be close to the wire on FFP in season 2023/24, with us potentially having high amortisation costs that season even if we don't buy anyone on top of Porro and Kulusevski that we've already committed to. This is because (assuming we amortise our players over an average of 5 years) then next year we'll be amortising 5 continuous years of reasonably high spending, whereas in the last few years we've always had that year where we spent zero on transfers to bring the amortisation costs down a little.

Couldn’t see anything referring to FFP more recently than this, and wanted to jumpstart the conversation with the transfer window here.

I feel like people are getting a bit carried away with the sort of transfers they expect this January. I stand to be corrected (and would love to be corrected) but it seems to me that with no European football this year (and to a significantly lesser impact, an early exit from the League Cup) that’s a BIG drop in revenue. We spent an absolute ton of money in the Summer, still have Ndombele and others effectively on the books, and were talking about FFP starting to bite back in March last year.

We’re all absolutely buzzing, but I just don’t see how we keep spending without making some big sacrifices.

 

[BehindEnemyLines]

Couldn’t see anything referring to FFP more recently than this, and wanted to jumpstart the conversation with the transfer window here.

I feel like people are getting a bit carried away with the sort of transfers they expect this January. I stand to be corrected (and would love to be corrected) but it seems to me that with no European football this year (and to a significantly lesser impact, an early exit from the League Cup) that’s a BIG drop in revenue. We spent an absolute ton of money in the Summer, still have Ndombele and others effectively on the books, and were talking about FFP starting to bite back in March last year.

We’re all absolutely buzzing, but I just don’t see how we keep spending without making some big sacrifices.

FFP has been discussed in several threads related to specific player purchases (I think the Dragusin thread carried a bit about it).......it may be better to start a single specific thread covering this (rather than in the Financial Results thread).
The subject is quite convoluted and complex, but I'd be happy to contribute when I have some spare time.

 

[thebenjamin]

Couldn’t see anything referring to FFP more recently than this, and wanted to jumpstart the conversation with the transfer window here.

I feel like people are getting a bit carried away with the sort of transfers they expect this January. I stand to be corrected (and would love to be corrected) but it seems to me that with no European football this year (and to a significantly lesser impact, an early exit from the League Cup) that’s a BIG drop in revenue. We spent an absolute ton of money in the Summer, still have Ndombele and others effectively on the books, and were talking about FFP starting to bite back in March last year.

We’re all absolutely buzzing, but I just don’t see how we keep spending without making some big sacrifices.

The Scum have managed to spend over £500m net under Arteta without CL football, plus they cancelled contracts of some massive earners like Ozil and Aubameyang which cost tens of millions. It's about investing money wisely. We spent big-ish in the summer but all those players are now worth double, triple or quadruple what we paid for them.