The Mauricio Pochettino thread

[SpurinChicago]

1. I don’t give a flying fuck what you or anyone else thinks of me, if I did then I wouldn’t be so happy to challenge the illogical bile you continuously spew.

2. Basic understanding of finance is a very flattering way to describe you and the other rage babies.

1. You do not point out what is illogical, you just label it is as such. Are we not the 10th richest club in the world? Did we not show a 60 million pound profit last year. 2. I have a master's in Accounting What is your degree in?

 

[JB_Spurs]

Every time I accidentally open this fucking thread it's like I've just entered fucking Vietnam

 

[dk-yid]

Every time I accidentally open this fucking thread it's like I've just entered fucking Vietnam

The smell of napalm?

 

[BringBack_leGin]

1. You do not point out what is illogical, you just label it is as such. Are we not the 10th richest club in the world? Did we not show a 60 million pound profit last year. 2. I have a master's in Accounting What is your degree in?

Ooh the old ‘what are your qualifications’ bit... you also going to tell me that your dad is bigger than my dad? So childish

Yes, we may be deemed the tenth most valuable club on earth but that means very little. A huge chunk of that value will be based on the owning of our stadium in a high property value area, the value of our assets (players) and even the debts owed to us by other clubs on players we’ve sold them. However, cash rich? Yes, because of tv money we are compared to, say, German Italian and Spanish clubs, but the other five top clubs in England have huge amounts more than us due to double figures worth of years in the champions league, bigger brands and multiple titles compared to us. We are still a decade behind minimum (several in the cases of Utd and Arsenal).

As for my degree, firstly, thank you fir assuming I have one. Secondly, I’m not inclined to get into a ‘I’m smarter than you’ dick waving contest publicly, I’m happy for you to PM me if you really must know, but I don’t feel the need to bore everyone with my personal achievements (or lack of).

 

[jurgen]

I'm not giving levy credit for what Pochettino has, largely, achieved on the pitch.

I'm giving him credit for the way he runs the Club. Pochettino, who I was one of the biggest advocates on here wishing we'd get him, deserves huge credit.

What I'm saying is that both of them have contributed to our rise, for different reasons, obviously.

Key for me, it's just a great fit.

Hopefully it continues to be so as our ambitions grow. I really don't see many other managers out there who could do what Poch has done, so hopefully Levy doesn't fuck it up.

 

[jurgen]

This.

As the window has gone on, expectations have gone lower and lower and lower to the point where people are just desperate for signings.

I would much rather, if we can’t bring in good players now, sit on whatever piddling budget we had for this window and throw it on next summer’s pile.

Agree with the sentiment but how many windows has that been said for and how often did it really get added into a pile?

 

[Rout-Ledge]

Agree with the sentiment but how many windows has that been said for and how often did it really get added into a pile?

I don’t think it’s realistic, i’d just rather we took that approach rather than waste it all on overpriced second string players who we’ll be trying to shift in a year.

I’m just so disillusioned with our approach to the market.

 

[thelak]

I'd hardly call it lucky lol

It was lucky Van gaal took the Utd job!

 

[jurgen]

This thread delivers for the bile and so on (preparing for the inevitable baldy-pissing-off-Poch saga), but I also get the feeling with BBLG's posts that if he were to come home and find his wife in bed with his best mate, his first reaction would be 'I'm so excited that both of you have found happiness together, looks like you're working up a sweat! Can I get you a cup of tea or something, or I could pop to the shops for a nice cold beer to cool you down?'

 

[Ghost Hardware]

Every time I accidentally open this fucking thread it's like I've just entered fucking Vietnam

The horror

 

[Lilbaz]

We are the tenth richest club in the world. No one is asking to spend a fortune. But clubs that are legitimately generating 100 million pounds less per year are outspending us. Our profit was 61 million last year. Stop crying poor. Anyone with even a basic understanding of finance is going to think less of you when you do. Pochettino should honestly resign. In any other industry, if you were such a critical component, in such high demand, and given such little support by higher ups, you would. The loyalty and duty he shows is amazing. Certainly more than the chairman.

If you have a basic understanding of finance please explain what player amortisation is and how it makes profit a lot less meaningful. Also if you haven't noticed in the last year since the coverage of our last fincials we have been a bit busy and have been spending quite a lot.

 

[CantSmileWithoutYou]

Every time I accidentally open this fucking thread it's like I've just entered fucking Vietnam

Where the average of the poster is nineteen. Nnnnnnnineten, nineteen, nnnnnnnnnineteen...

 

[swarvsta]

1. You do not point out what is illogical, you just label it is as such. Are we not the 10th richest club in the world? Did we not show a 60 million pound profit last year. 2. I have a master's in Accounting What is your degree in?

You should have spent a little more time on English and learnt some grammar. #justsaying

 

[SpurinChicago]

If you have a basic understanding of finance please explain what player amortisation is and how it makes profit a lot less meaningful. Also if you haven't noticed in the last year since the coverage of our last fincials we have been a bit busy and have been spending quite a lot.

It is a false premise that "it makes profit less meaningful." Profit before player trading and amortization was 68 million last year. That number isn't artificially inflated due to player amortization. It was roughly the same the year before. We use straight line, so a player bought for five million on a five year contract will see that cost amortized over a five year period, unless signing an extension, in which case the new remaining years of the contract will see the asset amortized at the remaining unamortized amount. In a similar fashion, fees for players due us are paid in installments. I think it almost impossible to argue the TV money isn't driving profitability. We have been consistently profitable.

 

[SpurinChicago]

The players we bought were given long contracts, the players we sold were coming to the end of their contracts and most were bought when young for low transfer fees. Kyle walker being the main one due to contract extensions and his low price when bought his price of €50 odd million was almost entirely classed as profit. Davinson sanchez €40m would be spread over his contract which i believe was 6 years so only €6.7m was recorded. That scews the profit margins.

But again, 1. profit before amortization and player trading was 68 million 2) Spurs books run from July to June, so Walker's sale shouldn't be included, nor should the purchase of Sanchez 3. Even assuming it is on last year's financials, what did we buy Walker for? 4.5 million? Even if the unamortized amount is .5 million, who cares? That is your argument? that the real profit for Kyle Walker is being overstated on last year's books by 4 million? Sorry, no.

 

[Lilbaz]

It is a false premise that "it makes profit less meaningful." Profit before player trading and amortization was 68 million last year. That number isn't artificially inflated due to player amortization. It was roughly the same the year before. We use straight line, so a player bought for five million on a five year contract will see that cost amortized over a five year period, unless signing an extension, in which case the new remaining years of the contract will see the asset amortized at the remaining unamortized amount. In a similar fashion, fees for players due us are paid in installments. I think it almost impossible to argue the TV money isn't driving profitability. We have been consistently profitable.

If you want to know how much we have available for players you go to cashflow not profit. We had £200m in the bank. We also had our loan to be paid last december of £100m and a stadium to build. We only have £15m net cash.

Player amortisation will effect profit though. Kyle walker we sold for €50m since we got him young and relatively cheap and he signed contract extensions nearly all of that would be recorded as profit. Sanchez bought for €40m on a six year deal? Would be recorded as a €6.7m cost. But i see you are now talking about profit before player trading and exceptional items which was actually £117m. Actual profit was £41m. But still has no bearing on how much we have available for players.

 

[Lilbaz]

But again, 1. profit before amortization and player trading was 68 million 2) Spurs books run from July to June, so Walker's sale shouldn't be included, nor should the purchase of Sanchez 3. Even assuming it is on last year's financials, what did we buy Walker for? 4.5 million? Even if the unamortized amount is .5 million, who cares? That is your argument? that the real profit for Kyle Walker is being overstated on last year's books by 4 million? Sorry, no.

Sorry i replied again. Wasn't paying full attention to your post as it's 2:15 in the morning.

 

[Lilbaz]

But again, 1. profit before amortization and player trading was 68 million 2) Spurs books run from July to June, so Walker's sale shouldn't be included, nor should the purchase of Sanchez 3. Even assuming it is on last year's financials, what did we buy Walker for? 4.5 million? Even if the unamortized amount is .5 million, who cares? That is your argument? that the real profit for Kyle Walker is being overstated on last year's books by 4 million? Sorry, no.

I was using walker as an example of how amortisation can scew profit. His sale recorded us a €50m profit. Sanchez cost €6.7m €40÷6 years). But this has no bearing on what money changed hands or we have available to use. The amortisation of those deals would show us making €43m profit but reality it is €10m.

 

[fortworthspur]

the delloite data released yearly doesnt have nearly enough info to know what extra cash we have on hand. It contains 5 or 6 lines.

 

[Lilbaz]

If anyone is interested in a breakdown of our finances read one of the top football finance experts (a gooner so has no agenda). This probably not the thread.