Tottenham Takeover Talk

[sidford]

Can someone explain to me why our net debt is increasing? Are we not paying off our loans?

Net debt takes into account your cash as well so assume the cash will have gone down from last year which makes the net debt figure rise. Think a chunk of our debt is still on Interest only and it's spread out over a long time so much like a person's mortgage statement you won't see a big decline year on year.

Someone above also asked why the loss doesn't mean we are in PSR.trouble and it's mainly due to what we can write off for PSR such as depreciation which was c72m, costs for ladies team etc so there is a load of things that can be added back to that loss for PSR purposes which means we are fine.
Our losses in last 3 years are about 230m but c210m of that is depreciation which is just a notional figure so that accounts for pretty much all the loses

 

[elfy]

I must admit I don't understand why there is such a large difference between the operating profit and the overall loss?

Are we paying over £200 million in interest (with most of our debt being fixed at 2.79%), taxes, depreciation and amortisation? That seems to be a lot of money.

Player trading.

This year, as in multiple previous years we have spent more on transfers than we have brought in through both overall revenue and sales, incurring a loss overall.

 

[alfie103]

Player trading.

This year, as in multiple previous years we have spent more on transfers than we have brought in through both overall revenue and sales, incurring a loss overall.

So we effectively spent £200 million on players in that period? Is that through amortisation or are we paying that upfront?

 

[elfy]

So we effectively spent £200 million on players in that period? Is that through amortisation or are we paying that upfront?

Mix of both amortisation and new signings, but in the context of multiple years of posting losses, (without going full BSODL) it shows the club spends every penny (and more) of revenue on the team.

 

[mil1lion]

We all know Paratici is up to his old tricks again

 

[olithfc]

Net debt takes into account your cash as well so assume the cash will have gone down from last year which makes the net debt figure rise. Think a chunk of our debt is still on Interest only and it's spread out over a long time so much like a person's mortgage statement you won't see a big decline year on year.

Someone above also asked why the loss doesn't mean we are in PSR.trouble and it's mainly due to what we can write off for PSR such as depreciation which was c72m, costs for ladies team etc so there is a load of things that can be added back to that loss for PSR purposes which means we are fine.
Our losses in last 3 years are about 230m but c210m of that is depreciation which is just a notional figure so that accounts for pretty much all the loses

does that mean they aren't paying down the long term debt at all? just paying off the interest

 

[BPR_U16]

Operating profit does not include player trading and amortisation of players we’ve already bought.

Operating profit is essentially revenue minus ongoing costs (wages). £138.7m

After player trading, amortisation, interest and tax we have a loss of £86.8m, a drop of £225.5m.

It will be interesting to see the breakdown of that £225.5m between stadium costs and players transfers.

Player transfers absolutely do count towards PSR!

it would be helpful if the club published our PSR position

absolutely agree with last statement and should apply to all clubs - it would then clearly demonstrate whether those running the clubs actually pay any notice to it

 

[alfie103]

Mix of both amortisation and new signings, but in the context of multiple years of posting losses, (without going full BSODL) it shows the club spends every penny (and more) of revenue on the team.

Does it? Is the spending for interest, player trading, amortisation and depreciation detailed individually or is it all kept together?

 

[Tucker]

The distinct lack of a COYS, Daniel is concerning.

It’s like when Harry stopped doing it all over again.

 

[IfiHadTheWings]

It’s like when Harry stopped doing it all over again.

That used to wind me up.

petty i know but it used to grind my gears that he never COYS'd

 

[Impspur1]

It’s like when Harry stopped doing it all over again.

What’s is this COYS Daniel?

 

[Tucker]

What’s is this COYS Daniel?

He infamously put coys, Daniel at the end of a particularly egregious announcement during the whole Nuno debacle.

People went nuts over it and it’s been a thing ever since.

 

[Westmorlandspur]

Sounds like the Kane transfer happened after the reporting period so that sum (or whatever calculation of installments) isn't included in the figures.

Yes, it’s up to end of June 2023. So thats 100m for the next financial year to offset no European money.
We were crap in Europe and still raked in 54m. Just shows how important it is to get that champ lge spot.

 

[Westmorlandspur]

Net debt takes into account your cash as well so assume the cash will have gone down from last year which makes the net debt figure rise. Think a chunk of our debt is still on Interest only and it's spread out over a long time so much like a person's mortgage statement you won't see a big decline year on year.

Someone above also asked why the loss doesn't mean we are in PSR.trouble and it's mainly due to what we can write off for PSR such as depreciation which was c72m, costs for ladies team etc so there is a load of things that can be added back to that loss for PSR purposes which means we are fine.
Our losses in last 3 years are about 230m but c210m of that is depreciation which is just a notional figure so that accounts for pretty much all the loses

Don’t forget the 10m every year that Ndombele costs us with amortisation. One year to go.

 

[sidford]

does that mean they aren't paying down the long term debt at all? just paying off the interest

Initially the bulk of debt was interest only but some of it is now on capital payments so we are paying it down. I'm in work so won't get a chance to have a proper look to see how much of debt we are paying down and how much we still have on interest only.

 

[Impspur1]

He infamously put coys, Daniel at the end of a particularly egregious announcement during the whole Nuno debacle.

People went nuts over it and it’s been a thing ever since.

Ooooohhhh I see.

 

[DiVaio]

How can we have lost so much money yet still be ok with psr

 

[sidford]

does that mean they aren't paying down the long term debt at all? just paying off the interest

Just had a quick glance at the proper accounts and looks like our debt is on interest only payments. Here's the balance sheet and see the cash went down a bit? That's why the net debt position looks a bit worse but it's only because we used some cash so nothing anyone would get upset about. Companies of spurs size generally don't repay debt, it's mad the bigger and more profitable you are the less banks want you to repay off the lending.

 

[yankspurs]

Increasing his own salary AND paying himself a throughly undeserved bonus roughly equal to additional revenue made by screwing over seniors. Levy is such a fucking scumbag & cannot get out of this club soon enough.

 

[jay2040]

Increasing his own salary AND paying himself a throughly undeserved bonus roughly equal to additional revenue made by screwing over seniors. Levy is such a fucking scumbag & cannot get out of this club soon enough.

Give it a rest!