Financial Results, shareholder and stadium update (from Official Site)

[tototoner]

My eyes have seen the glory of the positive excel spreadsheet at White Hart Lane

 

[Lilbaz]

The question is, would a 75%-85% full 60k stadium justify the initial investment?

A full stadium would certainly give us more revenue to afford buying players under the FFP. But it's a bit chicken and egg. If we can't compete with the big boys, we won't fill the stadium. If we don't fill the stadium we can't compete with the big boys.

Corporate is where the money is. My friend was head cheff at spurs, they have corporate gigs nearly every day.
With the new stadium this can only increase.
Add to that concerts etc... It will easily increase our revenue to justify the costs.
Also most of the games will be full.

 

[weststandvoice]

Exactly. Our expectations as a fanbase have been raised. We no longer sing about going on a European tour due to our imminent involvement in the Europa League. Instead, some actually hope we finish 7th and avoid inclusion in that competition. We are sitting in 6th and this season is regarded as a disaster. That is what is key, success and failure is relevant to what you expect.

In 2005 a 5th place position was a success as it was the best we could have hoped for. Naturally the fanbase will be happy and talk of a new 60,000 seater stadium makes sense, as we do have a huge amount of supporters. Fast forward 8 years and 5th place is now failure. We have had Champions League football so we know its ascertainable and we've seen how open the league is this this year to know we aren't actually a million miles away points wise from the top 2. However the sense and feeling of failure naturally means a disappointed fanbase that will be dejected and possibly put off visiting the Lane.

What you need to understand is in a scenario where you have 60,000 people in a stadium, not everyone will be hardcore. In our smaller WHL, it's fair to suggest that whilst the atmosphere has undoubtedly dropped, the loyalty won't. You might get the odd ST holder say fuck that I'm not going on Monday night, but the majority will renew for next season without a moment's thought. That won't be the case in a larger environment. Unfortunately to build onwards, you actually need those wanky fans that will only come when the team is on a high.

It's an interesting point you make about the possible struggle to take up the ST allocation in the new build. The waiting list to me, whilst those on it pay to be there, I'm sceptical as to what the conversion rate would be if they were all offered an actuall ST might be.

If the bums on seats are to be subidised by cheerful newbies, and the football is shit, we'll be seeing lots of fans dressed as blue plastic seats in 2017 (or 3017 or whenever it is).

 

[onthetwo]

i wonder whether hes under pressure (DL) himself....they (Lewis & Co) made a big song and dance about the more or less one-off chance to replace ManU in the Top4, and look what happened. We blew it and who knows when we get another chance. If hes not at least in the last-chance saloon id like to know why not?

 

[dovahkiin]

for the record atlanta yid revealed the other day that he owns a restaurant where lewis likes to dine, and knows him a fair bit apparently. or is this old news?

 

[JollyHappy]

It sounds really positive to me and probably the best news of a pretty dire season. If (and it is only if) we can be in the new stadiuam for the start of the 2017 season and we see the thing being built in the meantime then it gives hope of things to come. There's a story in today's Daily Mail that we tried to buy the W Ham ground for temporary accomodation for the 16/17 season whilst the new ground is being built which is also interesting.

 

[onthetwo]

How much money has already been spent on the stadium and enabling costs?
With a naming rights deal how much of a mortgage would we need and what would the repayments be each year?
With increased revenue (£50-60m a year poss) will we see an immediate increase once it's built?

£400m for the new stadium seems to be the figure being suggested, so up to management to find a 'naming rights' sponsor to foot as much of the deal as possible. No idea how much weve spent on the project so far; suspect that its peanuts compared to the total bill.

 

[robin09]

Corporate is where the money is. My friend was head cheff at spurs, they have corporate gigs nearly every day.
With the new stadium this can only increase.
Add to that concerts etc... It will easily increase our revenue to justify the costs.
Also most of the games will be full.

I suppose if we get involved with outside events, that would be a money spinner yeah.

Will most the games be full though? I just can't see it. Certainly if we're 5th-7th in the League.

 

[dricha1]

£400m for the new stadium seems to be the figure being suggested, so up to management to find a 'naming rights' sponsor to foot as much of the deal as possible. No idea how much weve spent on the project so far; suspect that its peanuts compared to the total bill.

I'm guessing naming rights are secured, AIA perhaps?... Pretty bold statement to say build can start later this year once/if CPO is sorted. Suggests to me the NPD is further along than it appears. Might also explain the push for LVG, he'll work more with youth and not expect big money transfers, handy whilst your building an expensive stadium...

 

[Ghost Hardware]

The part regarding no overhaul needed just strengthening key positions fits very neatly with previous quotes from LVG saying almost exactly the same thing. Ultimately, Levy can say what he likes about the future of the club but until we have a man in charge of the team that knows whats he's doing then its all meaningless.

 

[Lilbaz]

£400m for the new stadium seems to be the figure being suggested, so up to management to find a 'naming rights' sponsor to foot as much of the deal as possible. No idea how much weve spent on the project so far; suspect that its peanuts compared to the total bill.

£400m for the total project, buying land and architect fees.
We have already bought the land, built the sainsbury's and college, paid for the designs and had the 106 agreements quashed.
Liverpool just wrote off £35m for their failed design of a new stadium.
So i am guessing we have already forked out a substantial amount.

 

[$hoguN]

The part regarding no overhaul needed just straightening key positions fits very neatly with previous quotes from LVG saying almost exactly the same thing. Ultimately, Levy can say what he likes about the future of the club but until we have a man in charge of the team that knows whats he's doing then its all meaningless.

I guess we just have to hope it is a hint that Van Gaal may take over.

 

[DOX]

"Our focus therefore is to continue to invest in and develop the squad, but we shall not look to a summer of major upheaval, rather to strengthen in key positions - to play the style of football for which we are famous."

No squad overhaul, but strengthening in key positions surely means a new manager, right??

 

[Gedson100]

for the record atlanta yid revealed the other day that he owns a restaurant where lewis likes to dine, and knows him a fair bit apparently. or is this old news?

Pretty sure that's been put out there before.

People have queried how likely it is that Joe Lewis would share details of his business involvements, specifically Tottenham, with a restaurant owner, but hey, ITK is fun like that

Plus the rumoured £50m that was put in last summer, info from Atlantayid, yeah? Is that the £40m revealed in the accounts? Makes it a lot less mythical. Everyone presumes £50m gets put in to the club and we're gonna buy players but as is clearly shown, our major priority is getting the stadium into reality, so no surprises that finances should be heading that direction whilst we continue to balance the books with players.

 

[Gb160]

for the record atlanta yid revealed the other day that he owns a restaurant where lewis likes to dine, and knows him a fair bit apparently. or is this old news?

My understanding is that his source was one of Joes entourage...you're spot on about the restaurant.

 

[Graysonti]

£400m for the new stadium seems to be the figure being suggested, so up to management to find a 'naming rights' sponsor to foot as much of the deal as possible. No idea how much weve spent on the project so far; suspect that its peanuts compared to the total bill.

No 400m is total build and we already have spent 100m - hardly peanuts mate - it's 25%.

Good positive statement by Levy - I'm a happy Graysonti (now for manager thread)

 

[dovahkiin]

My understanding is that his source was one of Joes entourage...you're spot on about the restaurant.

i found his post:
Daniel owns (personally) 10% to 12% of Tottenham Hotspur and is a long time family friend of Mr Joe Lewis
So how would you go about removing him as the chairman of the club without disrupting the stability (if we have it)
If he was to be removed who would the ideal replacement be.
Mr Lewis was in Atlanta yesterday I have been waiting for him to dine in my restaurant so I could ask him these questions

 

[DCSPUR]

On average we spend more than we sell, I believe in terms of transfer fees we're one of the top spenders.

Over the piece it is necessary we make a profit, but in any given year we should be prepared to borrow to invest as long as that investment is sensible. ENIC have shown exactly this willingness over the years.

What would you have done differently?

Not over the last 5 years on so I think.....see transfer league co uk

 

[MattyP]

£400m for the total project, buying land and architect fees.
We have already bought the land, built the sainsbury's and college, paid for the designs and had the 106 agreements quashed.
Liverpool just wrote off £35m for their failed design of a new stadium.
So i am guessing we have already forked out a substantial amount.

The announcement states we have spent over £100m to date.

"The sale of the properties has extinguished the Club's property borrowing which had accumulated over the last decade - a decade which has seen the club acquire over 18 acres of land, successfully relocate 72 businesses, with the majority staying in the area, and invest in excess of £100m in the stadium project"

 

[Bobbins]

Couple of bits from this.

1. Filling the stadium.

Will we fill 58k every week? Almost certainly not. Will we get the huge new number of season ticket holders they want? Almost certainly not. But - a lot will depend on the circumstances we find ourselves in when the stadium opens.

If ticket prices increase, the attendance is unlikely to go up by as much as they want. If the club is sensible, and introduces a wider range of ticket prices, meaning yes season tickets do go up but tickets on general sale are much more varied (especially becoming cheaper the nearer to matchday, and cheaper for kids/oap's etc), then we will probably fill it or just about most of the time. If the cheapest ticket to see fucking Sunderland or someone is £50 then people will rightly tell them to stick it.

Also, and this is important, a lot of the empty seats at the Lane this season are thanks to fucking StubHub. The system where you could re-sell your season ticket to the club at value and they could sell your seat worked well. Introducing a system designed to track how much fans were willing to be ripped off by other fans was a cynical disaster. I've only been to 4 games this season but in every one I've been surrounded by foreigners who are not Spurs fans and who chat constantly throughout the game, never sing, and are patently there on a jolly. I've also seen more empty seats than ever this season. I do not believe this is down to season ticket holders getting disgruntled because we've been shit and not turning up - I believe it's almost entirely down to StubHub. Get rid of that shit and have a simple ticket transfer system which works based on a fixed face value price.

2. No mention of support for Sherwood.

He's gone. He knows it, the club knows it, and the intention is to get in LvG. I'm more certain of all this than ever after the 'style of football' statement.

3. No mention this time around of 'no intention of selling our best players'.

This is a tacit admission that we no longer have the power to force a player to stay if he no longer wants to be at the club, and we get an acceptable bid in for him. Lloris is probably off (maybe not to Barca anymore after today's news) and Vertonghen will probably follow him. It's also an admission that we've been pretty rubbish this season and haven't got the obvious stand-out player we've had each of the last few years. That in itself is quite depressing.

4. No summer of major upheaval.

To me this says we have no plans to sell anyone, not least because LvG will be arriving after the WC and so will need the end of the summer to look at the squad, but probably not have enough time to decide he doesn't want certain players. We're looking to sign 2 or 3 first-team players - my hope and expectation is that they are a LB, CB and GK.

Interestingly we haven't even had the usual statement along the lines of "we have no plans for major upheaval but as always we will look to take advantage of any opportunities should they arise". Perhaps a halt finally to the player exchange?

Also no mention of a renewed interest in signing young English players as has been mooted in the press recently.

The caveat to all this is the above about not being able to hold on to our best players of course.

I bet the Barca news was absolute music to Levy's ears today - and I bet Hugo's weeping quietly somewhere.

Ultimately it's what's not been said which is most interesting to me.