Stadium thing doesnt wash with me. Theve pulled the plug on spending last 5 years, and won't spend more than we get in. Like it or hate it that's the situation
It is indeed. But what do you mean by the "stadium thing doesn't wash"? Do you think ENIC are just siphoning money into their own pockets like the Glazers do at United? Given how far we've come under their management, I'm inclined to give them the benefit of the doubt and believe that they're actually trying to pay for as much of the stadium up front as they can which in turn allows us to reap the financial benefit of it as soon as we move in.Stadium thing doesnt wash with me. Theve pulled the plug on spending last 5 years, and won't spend more than we get in. Like it or hate it that's the situation
They will sell once the new stadium is done. Then it will be up to the new owners how much they spend. It won't help us as a club not spending for so many years. I'm not in the camp if we have to spend 100 mill. But we can't rely on what we get in through sales to pay for ins.It is indeed. But what do you mean by the "stadium thing doesn't wash"? Do you think ENIC are just siphoning money into their own pockets like the Glazers do at United? Given how far we've come under their management, I'm inclined to give them the benefit of the doubt and believe that they're actually try to pay for as much of the stadium up front as they can which in turn allows us to reap the financial benefit of it as soon as we move in.
We disagree on the bold bit, but what about this...The new stadium gets finished with negligible long term debt due to current policy. This allows ENIC (or new owners) to set aside TV revenue for transfer fees and the stadium based revenue (naming rights, match day income etc) for wages. A simplistic but illustrative example of how the stadium is even more of a game changer for us if it is mostly paid for up front.They will sell once the new stadium is done. Then it will be up to the new owners how much they spend. It won't help us as a club not spending for so many years. I'm not in the camp if we have to spend 100 mill. But we can't rely on what we get in through sales to pay for ins.
It should be the obsession of every self respecting football club. On field succes is what we play for in the first place. It's just that 16 years of Levy has made people lose track of the big picture. We've lived with zero net-spend, squad trimming and outgoings before incomings for so long that we forget that there are many other ways to run a club - by just bringing in the best players you can possibly get and going all-out for silverware.
Ambition? The only abition Levy has is to line his own pockets and to take as much money out of the club as he possibly can when he and Lewis eventually sell up. They have no sporting ambition whatsoeverand they fart in the face of those at the club who do - hence all the staff jumping ship...
Didn't those other clubs strengthen because they were completely crap last season and need to rebuild? Whereas we have a young team with the potential to improve. Why disrupt something that is working by gambling on a star name who would break the pay structure and most likely flop.
They will sell once the new stadium is done. Then it will be up to the new owners how much they spend. It won't help us as a club not spending for so many years. I'm not in the camp if we have to spend 100 mill. But we can't rely on what we get in through sales to pay for ins.
Surely our wage bill came down a shot load after the likes of Ali came in and capoue and Paulinho left? Why can Leicester buy players and put them on 100k a week? Vardy and Marhez on 120k a week. We can't pay over 80. You get 100 mill for finishing last this year. Way more than ever. We aren't paying 300k a week to players. Where's the money going? Can't we get a better loan deal for stadium where we don't lag for it all now?As I tried to explain inn my earlier post it's not that we NEED to sell to finance the TRANSFER FEES, it's that our wage bill is pretty much maxed out so there is a situation that has developed since the Redknapp era when we started paying relatively big wages that in order to make space in the wage bill for new players, other players have to make way. Particularly when we have a successful squad many of whom have suitors elsewhere and we have rewarded many of them with big contracts to keep them happy.
Of particular note was making Bentaleb one of the highest paid players at the club in his age bracket then having him lounge about on the sidelines not being in the new managers plans.
The COINCIDENCE of the wage bill balancing act and the boards ability to negotiate good deals for outgoing players has been a zero net spend.
Incidentally, the academy was partly developed to provide first team players but also as a source of funding. Even if developed players don't become a Kane, they can after a couple of solid seasons as a squad player or loan player command decent fees e.g. Caulker, Pritchard, Fredericks, Ball, Bentaleb, probably Mason, Carroll.
Many well run clubs adopt the model of buying and developing young talent and reinvesting sales into the first team. Dortmund, Porto, Ajax, they all do it.
So what I'm trying to say is that the zero net spend is a COINCIDENCE of our operating model and wage to turnover restrictions. We don't have to sell to buy in terms of transfer fees alone.
Incidentally, the academy was partly developed to provide first team players but also as a source of funding. Even if developed players don't become a Kane, they can after a couple of solid seasons as a squad player or loan player command decent fees e.g. Caulker, Pritchard, Fredericks, Ball, Bentaleb, probably Mason, Carroll.
Many well run clubs adopt the model of buying and developing young talent and reinvesting sales into the first team. Dortmund, Porto, Ajax, they all do it.
Mane! If we are selling all our squad players we can put 30 mill or so together for a game changer. I think we only need one more on after nkoudou, a special attacking playerWho do you feel we've missed out on this window?
Agree about the spending once stadium is built. Best we can hope for is it will be nicer, hopefully cheaper (lol) and there'll be more of us able to get tickets. Should bring bigger sponsorship deals and that money along with ticket sales will hopefully filter down to spending on players at least a little.I guess we'll all have to wait in a kind of limbo state for a few years whilst the stadium is being built as we cant compete financially until it's completed and we begin to reap the financial gains (apparently)
I think those who have this idea that once the stadium is paid for, we will be spunking money around like nobody's business are in for a disappointment.
I guess it's an ever changing process and costs/plans etc change on an almost weekly basis with regards to construction of the stadium but has there been any indication as to when it will be deemed "paid for"? Will be have 5 years post completion where the stadium argument still holds true?
Any other 'TOP' side would have quality players in their squad to rotate players out of form.
I dont know the exact amount , but we get a lot of money for being in the CL. That money should NOT be going into the stadium, as it wouldnt have been part of the original funding plan.
Newcastle isn't a relevant comparison, Arsenal are. The reason is that the key driver of stadium economics are the club/corporate areas. The only club that has done this in a similar to manner to Wembley are Arsenal. Their Club layer / boxes have 10,000 out of 60,000 but account for 66% of revenues. We will have a similar model but hopefully thanks to better stadium design we will have atmosphere, which is the main drawback of the Club layer. Newcastle don't have a Club layer and I doubt their corporate boxes sell for anywhere close to what a box at a London club does.Agree about the spending once stadium is built. Best we can hope for is it will be nicer, hopefully cheaper (lol) and there'll be more of us able to get tickets. Should bring bigger sponsorship deals and that money along with ticket sales will hopefully filter down to spending on players at least a little.
But look at Newcastle.
Anyone hoping a big stadium is the key to success is kidding themselves.
But it helps lol.
Why would you want to avoid upsetting the first XI ? To move forward we need to challenge them, in particular the front 3 behind Kane, who IMO aren't as good in their roles as the rest of the team.so who do we buy that we can afford their wages without upsetting our wage structure and the main XI that got us there last season, and who do we sell out of that XI next summer because they don't want to be bench warmers, ...... and repeat, every bloody season till death
see my post above also please
Why would you want to avoid upsetting the first XI ? To move forward we need to challenge them, in particular the front 3 behind Kane, who IMO aren't as good in their roles as the rest of the team.