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I'm not an accountant but...

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Metalhead

But that's a debate for another thread.....
Nov 24, 2013
25,351
38,294
It is a valid reason to raise wages and we have offered improved contracts and are buying new players.
Premier league ffp was brought in to limit (what alan sugar called) the prune juice effect. Where any increase in revenue went straight into the pockets of agents and players so that the club itself saw no real benefit.
Ah yes, I remember the 'prune juice' comments. Funny that Sugar was an integral part of the commercialisation of football but I can imagine that he must be aghast to see what it has turned into.
 

yido_number1

He'll always be magic
Jun 8, 2004
8,645
16,810
Ah yes, I remember the 'prune juice' comments. Funny that Sugar was an integral part of the commercialisation of football but I can imagine that he must be aghast to see what it has turned into.
I'm sure he'd prefer a system where all the money went to the chairman/owners similar to his company's model. As the main asset of the company (football club) and the entertainment that people turn up to watch I think it is right that as money rises coming in to the clubs the players should see their fair share of it.

Will never happen but the only fair way to do things is to introduce a sustainable wage cap that rises with inflation. It's not so much a sport anymore, it's more about who gets bankrolled by the richest person.
 

Lighty64

I believe
Aug 24, 2010
10,400
12,476
It will make a big difference in relation only to our selves. So Tottenham pre and post stadium will look different. And it will make A difference in relation to clubs ahead of us revenue wise. The gap will be smaller. However, I think it is likely that we will still have at least 4 clubs ahead of us with higher revenue, if not 5. I guess also it will mean that we leave behind other clubs behind us, such as the West Hams and Evertons of PL.


Yeah, I think it's likely that we can pay somewhat higher salaries post stadium. But we will only be able to compete more evenly, we won't necessarily be able to frequently bear the other big clubs to signings land loads of players from the category that already is choosing choosing Chelsea, United and City.

We are filthy reach in market value, mainly because of the insane market value of our squad which is not always reflected in the annual accounts.

yes that's correct because they have bottomless pits. the history of Manure and the size of their stadium and success since the PL was formed would be hard to catch up even if we won the quadruple for years on end. They have been a big club since the busby babes.

Chelsea and Man C both got funded before FFP was brought in, and manage to get round them now they are meant to be in place.

ENIC are the best thing to happen to Spurs financially and we would still be a struggling mid-table team if Sugar was still the owner, or totally broke if Scholar had been allowed to stay.(not sure how many of the whingies on this site are old enough to know what things where like mid 70's, the 90's).

we will never be in the top 3 financially, even if we were bought out now, because it's 10 years too late due to FFP, but while the NPD is being paid for we might see an improvement in the wage structure, and hopefully see a bit of success to go with it.
 
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scat1620

L'espion mal fait
May 11, 2008
16,280
52,491
I am an accountant, and I would post in this thread but I'm too busy doing lines off strippers and being really great company at parties.
 

parj

NDombelly ate all the pies
Jul 27, 2003
3,586
5,861
Spending bajillions is not "the norm". The inflated transfer market is not "the norm". There are perhaps a dozen teams across Europe's top leagues that operate with an apparent bottomless pit of money, we are not one of them. We are one of the others, which there are vastly more of.

Now we've established we don't have the same "pedigree", we are, arguably, the best of "the norm". I can't think of many other clubs that have achieved what we have using the same frugal financial approach. And you have to also remember that funding a new stadium isn't just down to Enic's pockets - the club needed to be in a position on the pitch where it could attract the necessary sponsors and enthusiasm from the local council, so now we've not only managed to climb the table and sign some of the best young talent available to us, it has attracted the necessary interest from the parties that have made our new stadium happen without relying on some huge, false injection of cash.

It's frankly admirable that while the clubs we're competing with rely on the money tree we still cultivate a belief of earning your wages with performance and bonus based contracts. If you took the Sheikh or the Russian away, these clubs would be under serious threat - they are unimaginably rich and know that they can recoup billions simply by moving other billions around a bit. There are only so many that rich who are interested in owning a football club. I'm much more content with an owner who has, and continues, to "future-proof" the club financially, training facilities that rival the best in the world and a new stadium in the works to match.

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Totally agree How many money mercenaries do we have? The players aren't here for the mega paycheck. They know they have to earn it through the bonuses.

Imagine paying Kane £200k a week every august. I'd be livid. Rest of the year no problems.

In all honesty, we have a team we can look at and be delighted with. We were not one of the big boys for a long time. Now we are slowly coming back. Splashing the cash doesn't guarantee a team. Man city should have strolled every season otherwise.

Let's be happy we nobody can accuse is of buying success. That's why I love is being hated more... We are doing things right. Only ones in top 6.
 

Lilbaz

Just call me Baz
Apr 1, 2005
41,363
74,893
One cup in seventeen years I'm really feeling that glory of doing things right..

Yes it is disappointing. What would you have done differently?

Would you have not invested £70m in the academy and training ground?

Would you not have invested in the stadium?

Would that have won us more trophies?
 

Bobbins

SC's 14th Sexiest Male 2008
May 5, 2005
21,548
45,031
One cup in seventeen years I'm really feeling that glory of doing things right..

Chelsea and City being financially doped by criminals and nation-states are the biggest reasons why we haven't won anything, not Levy's tight balls.

We'd have been CL regulars and part of a "big 4" for years if not for those clubs, and almost certainly would've won a fair bit in that time.
 

Harry Barber

Well-Known Member
May 6, 2013
513
1,107
Is this a thread borne out of frustration because people can see gaps in our squad that aren't being addressed?
Ok, we get the stadium build, academy, we're not Leeds arguments. Surely, as a football club who exist to play football (yes, that's our primary function) gaps should be addressed as priority? And I don't mean buying Mbappe or his ilk, but decent players. How many times has our squad been left short?
I don't know, just my opinion.
 

Speedy

Active Member
Oct 22, 2005
642
887
Chelsea and City being financially doped by criminals and nation-states are the biggest reasons why we haven't won anything, not Levy's tight balls.

We'd have been CL regulars and part of a "big 4" for years if not for those clubs, and almost certainly would've won a fair bit in that time.

Also, look at the clubs who have fallen away through bad management. Leeds bet the entire farm on the champions league, spectacularly failed and sold all their stars to properly run clubs - Robinson, Keane, Lennon and Rose all ended up at ours, Kewell and Rio went on to win champions leagues. Leeds are only now looking heathy again, and looking like title winners even this early in the season. Forest on the other hand, total crap. Man City were relegated to the 3rd tier before they sold out to Big Oil, and Chelsea were a nightmare council owned club before Hoddle made them into competitors on the pitch, attracted Vialli and Gullit, and subsequently Abramovic. These clubs had to fail spectacularly before they got bought for a song by mentally ill mummy's boys looking for a way to spend their family's fortunate turn in life.

As much as we all want to roll the dice on glory as spurs fans, it's our blood, but we can't complain about bad management. Lack of trophies still got us a new £500m stadium, and now we are really knocking on the door
 

coys200

Well-Known Member
May 22, 2017
8,436
17,403
One cup in seventeen years I'm really feeling that glory of doing things right..
Would you rather be West Ham ? Or would you rather be a plastic club like City ? Levy has now built a solid foundation for years to come.The trophies will come in the next 10 years,and I predict it won't just be the odd trophy here and there but a more consistent stream.The base now is so solid a fantastic young 1st xi,increase revenue in place,fantastic training facility and youth set up,one best mangers in world football.We are the envy of most clubs.
Levy isnt an idiot he knows that financial success and on field success are intertwined.Will he push it that extra mile with the new stadium I'm pretty sure he might haha.But do I want to be another city ,not really that all feels a bit soulless.
 

waresy

Well-Known Member
Mar 22, 2004
2,421
1,569
Not quite. We still had money in the bank. Possibly enough for barkley in jan.
Surely come January we will just agree a end of contract free move (age dependant?) for Barkley? His value 'should' have plummeted with 6 months to run.

Still can't believe how much Arsenal and Everton were asking for players with a year to run. Crazy times
 

'O Zio

Well-Known Member
Dec 27, 2014
7,405
13,785
One cup in seventeen years I'm really feeling that glory of doing things right..

We're building long-term success rather than throwing everything into winning some poxy domestic cup just for the sake of it then disapearing into obscurity again. Winning a domestic cup means jack shit nowadays, nobody gives a fuck. It's a nice day out but a week later it's forgotten about. What we're doing is investing in the club through youth facilities, training ground, stadium etc. which will eventually get us to a stage where we can realistically be competing for proper trophies, like league titles and European glory. I'd take what we've done in the last years all day vs. Arsenal for example - they've won a couple of domestic trophies and nobody cares, it barely even papers over the cracks any more.
 

alamo

Don't worry be happy
Jun 10, 2004
5,047
7,226
One cup in seventeen years I'm really feeling that glory of doing things right..

It's pretty fucking obvious that doing things within our limits has actually taken us a hell of a long way in the last few years thanks to astute financial management.

It's not all that long ago that we got vigorously enthusiastic about qualifying for the UEFA for the first time in Christ knows how long. Actually i do know, prior to that it was after having won the CC, when we gloriously got knocked out before we had even begun.

Under Jol I remember a sense of resurgence, accomplishment and progression...... a mere ten years ago.



Since then we have competed in the CL, improved upon our league finishes, even nearly won the title....... onwards and most definitely upwards.

Sure, we would all like a trophy. Who wouldn't? But there are only so many to go around.

If that is the sole measure of success in your eyes then more fool you.
 

Jody

SC Supporter
Sep 11, 2004
7,004
5,813
It's pretty fucking obvious that doing things within our limits has actually taken us a hell of a long way in the last few years thanks to astute financial management.

It's not all that long ago that we got vigorously enthusiastic about qualifying for the UEFA for the first time in Christ knows how long. Actually i do know, prior to that it was after having won the CC, when we gloriously got knocked out before we had even begun.

Under Jol I remember a sense of resurgence, accomplishment and progression...... a mere ten years ago.



Since then we have competed in the CL, improved upon our league finishes, even nearly won the title....... onwards and most definitely upwards.

Sure, we would all like a trophy. Who wouldn't? But there are only so many to go around.

If that is the sole measure of success in your eyes then more fool you.

I hope history remembers BMJ for being the start of something great. Unfortunately, I think the AVB/Sherwood years will take a bit of the gloss of it but I'll certainly never forget the change he bought about. Love the big guy.
 
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