Financial Results - club announcement

[G Ron]

I think we had to keep a a chunk of cash as a condition of one of the bank loans, but even still that seems a lot of cash to hold.

With interest rates where they are at the moment it’s also an arbitrage opportunity as the average debt interest on the stadium is c.2.8%, but current short term deposit rates would be closer to the 4% mark. Why repay debt when you can earn more than 1% net through investments.

you're right though, it’s a sign of strength for a company to have a decent cash buffer and with the economic uncertainty it’s also a smart strategy. A lot of companies were caught out during the pandemic as they funded themselves through short term debt issuances, but short term liquidity dried up and many were forced to draw upon loan facilities to survive. Many now hold a cash buffer in case of emergencies and are currently earning decent levels of interest while doing so.

On the flip side those companies with debt to re-finance this year will see a huge uptick in interest costs to service the debt. Fortunately we locked in very favourable rates versus current levels.

 

[SirHarryHotspur]

Levy/ENIC in , Levy/ENIC out
Amazing what a set of financial results can do to the fanbase , apart from the elite clubs and Leicester City almost every football club in England would gladly swap places with Spurs, years of Euro football including Champions League and a CL final, challenging in the upper reaches of the league table instead mid table obscurity. OK match prices are high but almost every game sold out , wasn't always like that at the Old Lane.

 

[McFlash]

Context my arse, I know what you're doing, you know what you're doing, anyone with half a brain cell knows what you're doing

I guarantee you had the poll result been the other way around you'd be bouncing around SC like a boxer who's just won a world title fight but because it's not the result you wanted you're coming up with all sorts of rubbish in attempt to fog it out or nullify it, you crack on, you might even drag a few people in along with you.

And while we're at it, I guess we shouldn't ever have a poll again unless we can get everyone who's registered on SC to vote in it. But this is just obvious now, so i'm out, it's not a game I can be arsed to play.

Thank you for your opinion and good luck.

It's just daft. It's how any poll, for anything works.
How many beauty products advertise their wares using a survey of about 20 people (as seen in the ad small print).
The poll in here was a fair representation of the fan base, not perfect of course but it wasn't meant to be.

Don't understand why some are feeling the need to misrepresent it now, or come out with reasons why the result didn't echo what they want..well, I do understand but....

 

[JW72]

I don't think it's just a matter of just spending more money. I think It's a result of questionable decisions at points where we have stagnated when we could have really pushed on.

Both Arsenal and Liverpool have gone through serious dips over the last twenty years. Yet, during those twenty years, as a whole, both of those clubs have been far more successful than we have been.

Arsenal have had some incredible good fortune as well. A couple of cup runs where they faced almost no serious competition until the final stages and this season's title race resembling the Foinavon Grand National (one of the youngsters to look up)....

 

[McFlash]

Just trying to provide a bit of context.

I take it the potential 27,000 who didn't vote how you liked are inconsequential?

It's always those with strong opinions who are the most vocal, and more likely to vote. Most people couldn't care less and I think that's what the poll shows.

Did you vote in the poll?

 

[wishkah]

The results (loss), comments, loans deferring purchases and levy’s comments make it sound like we’re actually a bit broke / not as well off as we think we are. Ala arsenal paying off their stadium

 

[JW72]

I'll take it as 83% of people who voted didn't vote how you liked.

That's the second pile of pants effort at discrediting the thing

Not, I think, so much an effort to discredit as an attempt to put into context the claim that "83% of spurs fans" want Levy out.

 

[JW72]

It's how any poll, for anything works.
How many beauty products advertise their wares using a survey of about 20 people (as seen in the ad small print).

True, but doesn't make it less flimsy...

 

[purple8]

We had a poll on SC, I can't remember what the final figure was but it was hovering around 85%.

EDIT: I just checked it was almost 83%

Is that 83% of the members on the site . Or those that voted in the poll

 

[newbie]

The latter. Sustainability is a joke. The PL is the plaything of billionaires, investment consortiums and sovereign wealth funds. Levy is either dreaming or selling us a lie.

Levy is a safe pair of hands and loves the club, I think we under appreciate stability and the long term safety.

City and Chelsea could end up in the shit!

We have not got an oil well, so we will make mistakes, all clubs only get transfers right fir a period, unless they have an oil well, under Poch it was hard to improve the the squad we did a bad job of further recruiting. Also balancing the books we where forever improving one area to weaken another, selling our best player always left us worse off.

oil money has distorted things, levy has made mistakes in not backing managers, and transfers, but his also kept us 4-5 for long periods.

Levy’s had his faults, not buying Suarez, VDV, Mane etc and buying a lot of dross, but we also have had wonderful teams and played amazing football as well.

With a few better transfer choices, he would be a genius it’s a fine line

 

[mil1lion]

Why’ve we got £226 million in the bank?

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

page 29

Emergency fund for transfers. They put 1m aside in every transfer window , it soon builds up.

 

[Archibald&Crooks]

we also have had wonderful teams and played amazing football as well.

I think that's what burns so many people, we allowed a great team to stagnate to the point where we went from the CL final to a huge failure to kick on and have pretty much lurched from one disaster to another along the way. Hopefully and given time with Conte in charge and the cards dropping right, we might start to get back to that. Time will tell.

 

[mabolsa_ritchey]

It's only a representation of those that feel strongly enough to express an opinion. Those with a negative opinion are always going to be louder and more outspoken. It's the way of the World.

Spot on. Which is why Enic out protests on match days have 30 people show up out of a possible 55k (I’m not sure the percentage of away fans at home games)
Most of us just don’t care.

 

[The Doc]

I think that's what burns so many people, we allowed a great team to stagnate to the point where we went from the CL final to a huge failure to kick on and have pretty much lurched from one disaster to another along the way. Hopefully and given time with Conte in charge and the cards dropping right, we might start to get back to that. Time will tell.

The decline started way before that. The team we had out in the CL that season, and in the final itself, was fucking awful. This was our best XI in ages: HL, DR, TA, JV, KW, VW, MD, CE, HMS, DA, HK. At that point, all we needed was some quality off the bench….

 

[Hotspur33]

NFL and property investment loom large in that statement
it is a financial statement, but even with that proviso I think the absence of an on the field strategy is glaring. strategy in other areas is clear, whether you agree with those strategies or not, on the sporting side it’s a confused muddle

a statement that confirmed a lot of what we already knew.

What do you mean an on field strategy? Levy isn’t the coach

 

[knilly]

How much do people really think a concert or an NFL game pulls in?

At most across a 12 month period for these extra events your probably talking about £25/30m generated??

That would equate to an Yves Bissouma not a Bastoni.

But when you are paying instalments that equates to a Bastoni and a Gvardiol if you are making £30m every year for 5 years

 

[knilly]

Regarding the thought of Levy banking on FFP bringing everyone else’s house in order, it sounds like a fair and reasonable strategic plan.

We are already working to that budget.

Teams that have overspent will now have to shed players with large wages, or high values. There’s two issues.

1. The number of loans they can have is reducing, which we were caught out on with Doherty.
2. Who will buy the players? European teams have virtually stopped spending, again this is problematic for us

The logical thought must be that transfers and wages must come down to meet the percentages clubs are allowed.

With our income that’s putting us closer to the top of the tree than we have been since Roman took over Chelsea.

I might be wrong though …

 

[thebenjamin]

Can we actually work out from these results what we make from the non football events?

 

[number41]

I guess those investment talks went nowhere then.

 

[DiVaio]

But SC is likely to be a very good representation of the wider fan base, isn't it? Unless you're calling me a weirdo, you bastard...

Pretty sure in 2021 you would think no one is renewing season ticket by reading SpursCommunity and then THST announced 95 or even 99% season tickets were renewed.