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Financial Results y/e June 2017

MattyP

Advises to have a beer & sleep with prostitutes
May 14, 2007
14,041
2,980
If anyone at the club deserved a pay rise it’s Levy. I don’t see how anyone can begrudge him getting it. How the club has transformed under his leadership is astonishing. Puts him in line with our players.

Couple of thoughts on this - could’ve picked a few posts but went with the most recent.

I don’t dispute how the club has transformed under his leadership. His gross pay has doubled in one year though, when the vast majority of the increase in revenue and profit has come from a TV deal negotiated by the Premier League, not him.

I think I also read that he’s now the highest paid CEO in the Premier League.

For context, I know of a well known, admittedly non football related company, that has broadly the same revenue and profit and the CEO of that company gets paid half of what Levy gets paid.
 

rajmak

Well-Known Member
Aug 26, 2006
199
604
Couple of thoughts on this - could’ve picked a few posts but went with the most recent.

I don’t dispute how the club has transformed under his leadership. His gross pay has doubled in one year though, when the vast majority of the increase in revenue and profit has come from a TV deal negotiated by the Premier League, not him.

I think I also read that he’s now the highest paid CEO in the Premier League.

For context, I know of a well known, admittedly non football related company, that has broadly the same revenue and profit and the CEO of that company gets paid half of what Levy gets paid.

I believe he was already the highest paid CEO in the League even before this latest increase to his salary
 

Lappi

Well-Known Member
Jan 4, 2006
209
436
There was a recent newspaper article talking about how our the pay of our squad is much more heavily weighted towards bonuses than basic salary than most other clubs. I'd guess that Levy's pay also works in the same way - so bonuses for getting in the champions league, stadium milestones, increasing commercial revenue etc.

I've got no problem with him being paid that much. He's become a superb chairman who has transformed us as an organisation, and for most of his spurs time he's probably been quite underpaid relative to how much someone with his business acumen and experience could get in private equity, property and the like.
 

Lilbaz

Just call me Baz
Apr 1, 2005
41,363
74,893
Couple of thoughts on this - could’ve picked a few posts but went with the most recent.

I don’t dispute how the club has transformed under his leadership. His gross pay has doubled in one year though, when the vast majority of the increase in revenue and profit has come from a TV deal negotiated by the Premier League, not him.

I think I also read that he’s now the highest paid CEO in the Premier League.

For context, I know of a well known, admittedly non football related company, that has broadly the same revenue and profit and the CEO of that company gets paid half of what Levy gets paid.

Fair enough but the year before we paid agents £15m to negotiate for us. I'd rather give the money to levy.
 

coys200

Well-Known Member
May 22, 2017
8,436
17,403
Might sound crazy, and with naming rights only worth £15m which is relative chicken feed. And with NFL and the other 16 events is it possible it could actually be worth more commercialy and as a brand to keep the name Tottenham Hotspur stadium. You’d be reaching the American market and the varied 16 event market. It would certainly get the club name out there a lot more.
 

MattyP

Advises to have a beer & sleep with prostitutes
May 14, 2007
14,041
2,980
Stadium financing comes mostly from loans. We can't over-spend on day to day expenditure obviously, but the recent increase in revenue means we should have some room for manoeuvre with the wage bill.

Interestingly (well,to me anyway) is that deferred income greater than one year has increased from £45m as at 30th June 2016 to £167m as at 30th June 2017.

Which basically means we’ve received an extra £120m on cash compared to a year before. This cash excludes funding and would also exclude season ticket sales for Wembley.

No explanation given in the accounts as to what it is (nor should there be), but pure speculation would be Nike paid us all up front for the shirt sponsorship and quite probably some advanced corporate sales on new WHL.
 

Lilbaz

Just call me Baz
Apr 1, 2005
41,363
74,893
Might sound crazy, and with naming rights only worth £15m which is relative chicken feed. And with NFL and the other 16 events is it possible it could actually be worth more commercialy and as a brand to keep the name Tottenham Hotspur stadium. You’d be reaching the American market and the varied 16 event market. It would certainly get the club name out there a lot more.

£15m a year for 20 years isn't chicken feed. It's what ashley was asking for newcastle (to buy).
 

fridgemagnet

Well-Known Member
Jan 18, 2009
2,410
2,864
If anyone at the club deserved a pay rise it’s Levy. I don’t see how anyone can begrudge him getting it. How the club has transformed under his leadership is astonishing. Puts him in line with our players.

If ENIC do have plans to sell i do hope DL stays chairman TBH any other scenario gives me the willies :bag:

It will be offset a bit though by the loss of Catering revenue and possibly merchandise sales.

Going to be an interesting set of financials next year because of playing at Wembley

There's obviously going to be big sums out for player bonus' too (how it should be in all honesty)
 

Lilbaz

Just call me Baz
Apr 1, 2005
41,363
74,893
Interestingly (well,to me anyway) is that deferred income greater than one year has increased from £45m as at 30th June 2016 to £167m as at 30th June 2017.

Which basically means we’ve received an extra £120m on cash compared to a year before. This cash excludes funding and would also exclude season ticket sales for Wembley.

No explanation given in the accounts as to what it is (nor should there be), but pure speculation would be Nike paid us all up front for the shirt sponsorship and quite probably some advanced corporate sales on new WHL.

Could it be season tickets?
 

Hoops

Well-Known Member
Mar 15, 2015
3,650
6,363
Runs a tight ship does Levy. Even pays himself minimum wage.
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Led's Zeppelin

Can't Re Member
May 28, 2013
7,333
20,178
Couple of thoughts on this - could’ve picked a few posts but went with the most recent.

I don’t dispute how the club has transformed under his leadership. His gross pay has doubled in one year though, when the vast majority of the increase in revenue and profit has come from a TV deal negotiated by the Premier League, not him.

I think I also read that he’s now the highest paid CEO in the Premier League.

For context, I know of a well known, admittedly non football related company, that has broadly the same revenue and profit and the CEO of that company gets paid half of what Levy gets paid.


It’s hard to make that sort of comparison. What sort of staff and support do the two CEOs have? What other costs are covered by their salaries? And how does Levy’s ownership of ENIC feed into the equation? And what value would another company put on someone managing a project like THFC, including the stadium build, compared with a non-football company that is probably not planning right now for the future growth that, fortunately, Levy is?
 

TottenhamLegend

Well-Known Member
Jun 13, 2012
3,273
9,439
Not sure about that. I don’t think we expense depreciation on buildings. So my accountant brother says, anyway.

The bottom line is if we spend money, it has to hit the P&L at some point! No accounting treatment gets round that in the long term. The exception being if we expected to recover the cost at some point in the future, eg. sell the stadium for materially it's full cost, which isn't going to happen here.
 

MattyP

Advises to have a beer & sleep with prostitutes
May 14, 2007
14,041
2,980
It’s hard to make that sort of comparison. What sort of staff and support do the two CEOs have? What other costs are covered by their salaries? And how does Levy’s ownership of ENIC feed into the equation? And what value would another company put on someone managing a project like THFC, including the stadium build, compared with a non-football company that is probably not planning right now for the future growth that, fortunately, Levy is?

Fully appreciate all those points, which is why I included a range of points in my original post.

As someone else pointed out, I never thought I’d see the day when a new stadium would ever get built, credit to Levy for getting that done (or well on the way). And i’m not questioning the development of the club under his stewardship. We are in a great place, certainly compared to some of our history and some other clubs.

But to your latter point, I don’t personally believe paying out on planning for the future should affect current year gross pay - pay out when growth is actually delivered. Or pay out on growth that one has direct influence over, not off the back of a new TV deal (speculation).

But that’s just my opinion, others seem okay with him getting near double his gross pay the previous year and that’s to be equally respected. I’d rather the £3m went on reducing everyone’s season ticket by £75 than to Levy himself, but appreciate that’s a difficult link to make too.
 

coys200

Well-Known Member
May 22, 2017
8,436
17,403
Doesn’t Levy own 30% of ENIC. Therefore 30% of spurs or that wrong ? That’s what wiki says.
 

Led's Zeppelin

Can't Re Member
May 28, 2013
7,333
20,178
Fully appreciate all those points, which is why I included a range of points in my original post.

As someone else pointed out, I never thought I’d see the day when a new stadium would ever get built, credit to Levy for getting that done (or well on the way). And i’m not questioning the development of the club under his stewardship. We are in a great place, certainly compared to some of our history and some other clubs.

But to your latter point, I don’t personally believe paying out on planning for the future should affect current year gross pay - pay out when growth is actually delivered. Or pay out on growth that one has direct influence over, not off the back of a new TV deal (speculation).

But that’s just my opinion, others seem okay with him getting near double his gross pay the previous year and that’s to be equally respected. I’d rather the £3m went on reducing everyone’s season ticket by £75 than to Levy himself, but appreciate that’s a difficult link to make too.


I'm just guessing. Given what's going on at Spurs, I don't think any of us can evaluate his contribution, but we can see that it is very valuable. How valuable, we can't know, but I hope and suspect it’s more than £6m, to be honest.

On the point about anticipated future value, that’s the basis of most pay deals isn't it? Especially in football, though I have noticed that a Levy isn’t in the first team squad!
 

Jimmypearce7

Well-Known Member
Feb 23, 2005
1,473
2,255
The Times backpage column headline today “ Players stung by Levy’s £6m”.
Could be something of an OG at a time when we are telling players it seems that we can’t pay them as much as other teams because of the new ground costs etc (if we are saying that).
Bigger picture is that we will have to pay the market rate to attract and keep plates and staff.
We need to start that now.
 
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