Financial Results - club announcement

[ILS]

7 finals in the 80’s & 90’s? Won 5 of them?

Man City won nothing in those decades...your point is?

Did Levy tell our managers to play Son left wing back? Or an unfit Kane in the CL final? Or Cudicini and Vorm in goals? Or a finished Ledley against Drogba?

Our failures are not all on Enic.

 

[Ledders Army]

Man City won nothing in those decades...your point is?

Did Levy tell our managers to play Son left wing back? Or an unfit Kane in the CL final? Or Cudicini and Vorm in goals? Or a finished Ledley against Drogba?

Our failures are not all on Enic.

That was the point I was making

 

[absolute bobbins]

Don't fixate on the loss. It is pretty inconsequential.

 

[Guernman]

silly question - sorry. Our loan repayments for the stadium borrowing. Are we repaying capital and interest or just interest?

I'm no expert, and perhaps others who are will hopefully comment, but I think that the bulk of our debt has been restructured as long term bonds where we are paying quite low interest only payments of around 2.8%. The final payments will be due in 20 -30 years and will probably be rolled over further in future debt restructuring. I presume we could choose to pay off capital on an ad hoc basis, and there are probably other loans which do or will require some degree of capital repayments as well

The club has been able to secure very favourable debt terms which is unusual for a football team I believe, mainly because we are seen as a low credit risk with the infrastructure we have and the fact that we have been very well run, financially speaking, under ENIC. I presume we were also lucky to secure our long term debt back when interest rates were lower

 

[JOLLHURN]

Levy is putting a lot of stock on the new FFP rules, kicking the can as far down the road as he can.

 

[mark87]

Don't fixate on the loss. It is pretty inconsequential.

My god I hope some says this to Levy...

 

[Ledders Army]

Man City won nothing in those decades...your point is?

Did Levy tell our managers to play Son left wing back? Or an unfit Kane in the CL final? Or Cudicini and Vorm in goals? Or a finished Ledley against Drogba?

Our failures are not all on Enic.

It’s an incredibly fine line between a successful era & a failure. The 5 cups we won in the 80s & 90s 3 went to extra time or a replay, 1 won on penalties the other last minute when down to 10 men. We could’ve easily lost them all. Likewise the 2 we lost we could’ve won.
But is it down to luck or is it down to having winners in your squad & paying that bit more to get them? Does Moneyball only get you so far or have Enic just been unlucky when it comes to finals?

 

[Colonel Dax]

Levy is putting a lot of stock on the new FFP rules, kicking the can as far down the road as he can.

Indeed…

“Many expect that these new (FFP) rules will be a game changer for the sport.”

feels like wishful thinking.

 

[FibreOpticJesus]

"Our aim has always been to combine the financial stability of the Club with remaining competitive on the pitch. We have to do what is right for us and sustainable in the long-term.

The landscape of the Premier League has changed significantly in the last decade. It is understandable that some fans call for more spending, much of which is unsustainable for many clubs. We are competing in a league in which we have seen increased sovereign wealth ownership and consortia finance; and in a league where the spending power is now vested in the hands of a few who dominate and have the ability to distort the market."

Dear Daniel you told us that the necessity of the New Stadium was a game changer to allow us to compete consistently in the top four, to buy the best players and to win major honours. We brought into your vision, we spend our hard earned money buying the most expensive season tickets in Europe. We traipsed on mass all the way to Wembley, paying inflated prices, additional train and tube fares for the worst stadium for atmosphere and beverages in the uk. All on the promise of a golden future which we all brought into.

We did and do our bit. If you cannot F**K OFF

 

[hughy]

Indeed…

“Many expect that these new (FFP) rules will be a game changer for the sport.”

feels like wishful thinking.

In fairness they should be. It's just a shame they're clearly very easily exploited.

 

[Westmorlandspur]

It’s an incredibly fine line between a successful era & a failure. The 5 cups we won in the 80s & 90s 3 went to extra time or a replay, 1 won on penalties the other last minute when down to 10 men. We could’ve easily lost them all. Likewise the 2 we lost we could’ve won.
But is it down to luck or is it down to having winners in your squad & paying that bit more to get them? Does Moneyball only get you so far or have Enic just been unlucky when it comes to finals?

Certainly unlucky with semi finals. We have lost 8 FA Cup semis in a row.

 

[JUSTINSIGNAL]

"Our aim has always been to combine the financial stability of the Club with remaining competitive on the pitch. We have to do what is right for us and sustainable in the long-term.

The landscape of the Premier League has changed significantly in the last decade. It is understandable that some fans call for more spending, much of which is unsustainable for many clubs. We are competing in a league in which we have seen increased sovereign wealth ownership and consortia finance; and in a league where the spending power is now vested in the hands of a few who dominate and have the ability to distort the market."

Dear Daniel you told us that the necessity of the New Stadium was a game changer to allow us to compete consistently in the top four, to buy the best players and to win major honours. We brought into your vision, we spend our hard earned money buying the most expensive season tickets in Europe. We traipsed on mass all the way to Wembley, paying inflated prices, additional train and tube fares for the worst stadium for atmosphere and beverages in the uk. All on the promise of a golden future which we all brought into.

We did and do our bit. If you cannot F**K OFF

Looool

This is just totally irrational. The stadium is a gamechanger in being able to increase our revenues. The fact we have one of the highest net spends over the last few seasons proves that. BUT that doesn't mean we can go toe-to-toe financially with the sovereign wealth of entire nation-states FFS. Besides covid, and not seeing a full season of full capacity stadium revenues yet makes it hard to judge how financially competitive we can be.

It's not Levy you should be blaming for that. It is a flawed FFP system that allows these kind of owners to get away with inflating wages and transfer fees that distort the market to unsustainable levels. Hopefully Man City actually get the book thrown at them so it makes Newcastle owners think twice about their actions, but i'm highly dubious that will happen.

 

[ILS]

"Our aim has always been to combine the financial stability of the Club with remaining competitive on the pitch. We have to do what is right for us and sustainable in the long-term.

The landscape of the Premier League has changed significantly in the last decade. It is understandable that some fans call for more spending, much of which is unsustainable for many clubs. We are competing in a league in which we have seen increased sovereign wealth ownership and consortia finance; and in a league where the spending power is now vested in the hands of a few who dominate and have the ability to distort the market."

Dear Daniel you told us that the necessity of the New Stadium was a game changer to allow us to compete consistently in the top four, to buy the best players and to win major honours. We brought into your vision, we spend our hard earned money buying the most expensive season tickets in Europe. We traipsed on mass all the way to Wembley, paying inflated prices, additional train and tube fares for the worst stadium for atmosphere and beverages in the uk. All on the promise of a golden future which we all brought into.

We did and do our bit. If you cannot F**K OFF

Sorry have I missed something or has ENIC said they have stopped spending money?

What do you want them to do? Act like Chelsea or act like Arsenal?

 

[Westmorlandspur]

Full details....

Levy pay for those interested £3,265,000

https://www.tottenhamhotspur.com/media/4hodwa2a/tottenham-hotspur-limited-300622-signed.pdf

Better value than paying Ryan Sessegnon about the same amount

 

[SirHarryHotspur]

Will the loss be down to lack of player sales as they're all out on loan instead?

Some of it might be down to that , don't think the Bergwijn sale is included on this set of figures. Apart from 2018/19 when we made a tiny profit on the sale of Dembele (we didn't sign anyone), the last season we showed a profit on players in/out was 2015/16, some other clubs do much better on player sales e.g Liverpool.

 

[Gb160]

Don't fixate on the loss. It is pretty inconsequential.

As someone who is borderline illiterate on this sort of stuff, can you explain why mate? ideally using an analogy that even a ten year old could get their noggin around.

 

[bat-chain]

"Our aim has always been to combine the financial stability of the Club with remaining competitive on the pitch. We have to do what is right for us and sustainable in the long-term.

The landscape of the Premier League has changed significantly in the last decade. It is understandable that some fans call for more spending, much of which is unsustainable for many clubs. We are competing in a league in which we have seen increased sovereign wealth ownership and consortia finance; and in a league where the spending power is now vested in the hands of a few who dominate and have the ability to distort the market."

Dear Daniel you told us that the necessity of the New Stadium was a game changer to allow us to compete consistently in the top four, to buy the best players and to win major honours. We brought into your vision, we spend our hard earned money buying the most expensive season tickets in Europe. We traipsed on mass all the way to Wembley, paying inflated prices, additional train and tube fares for the worst stadium for atmosphere and beverages in the uk. All on the promise of a golden future which we all brought into.

We did and do our bit. If you cannot F**K OFF

yeah Dan what have you done you fucking slag.

We're out here alone, you're just sat there building massive stadiums, training grounds and massively increasing the clubs revenue. How's that can help anyone you tool.

 

[SirHarryHotspur]

Man City won nothing in those decades...your point is?

Did Levy tell our managers to play Son left wing back? Or an unfit Kane in the CL final? Or Cudicini and Vorm in goals? Or a finished Ledley against Drogba?

Our failures are not all on Enic.

Or Sissoko doing his traffic cop impersonation of holding up traffic in the penalty area and not bringing on Lamela in CL final , how can you go through a final without a single yellow card !!

 

[Dov67]

It’s an incredibly fine line between a successful era & a failure. The 5 cups we won in the 80s & 90s 3 went to extra time or a replay, 1 won on penalties the other last minute when down to 10 men. We could’ve easily lost them all. Likewise the 2 we lost we could’ve won.
But is it down to luck or is it down to having winners in your squad & paying that bit more to get them? Does Moneyball only get you so far or have Enic just been unlucky when it comes to finals?

Yup

we actually lost 3 finals during this period

1. 82 Milk Cup final against Liverpool, bloody Ronnie Whelan
2. 87 FA CUp, bloody Keith Houchen
3. 92 League Cup, V Blackburn, FFS

 

[easley91]

"Our aim has always been to combine the financial stability of the Club with remaining competitive on the pitch. We have to do what is right for us and sustainable in the long-term.

The landscape of the Premier League has changed significantly in the last decade. It is understandable that some fans call for more spending, much of which is unsustainable for many clubs. We are competing in a league in which we have seen increased sovereign wealth ownership and consortia finance; and in a league where the spending power is now vested in the hands of a few who dominate and have the ability to distort the market."

Dear Daniel you told us that the necessity of the New Stadium was a game changer to allow us to compete consistently in the top four, to buy the best players and to win major honours. We brought into your vision, we spend our hard earned money buying the most expensive season tickets in Europe. We traipsed on mass all the way to Wembley, paying inflated prices, additional train and tube fares for the worst stadium for atmosphere and beverages in the uk. All on the promise of a golden future which we all brought into.

We did and do our bit. If you cannot F**K OFF

Yeah not like we had a pandemic when it opened. Not like we have actually invested into the squad since then. Not like we have brought in two of the top managers of the last decade or so after Poch.

Honestly some of you lot will twist any little thing into Levy out. Now I get he has his faults, but if it wasn't for his vision and undertaking WE WOULDN'T HAVE THE ABILITY TO COMPETE WHATSOEVER.

He isn't the one on the pitch kicking the ball in those semi finals and finals. That's down to the manager and the players. He can only do so much and give the managers the players to work with. It's up to said manager to get the best out of them. He has given Conte real quality and added depth.

What more do you want him to do? We do spend on players, it's just some of those haven't worked out for whatever reason.