It's not one or the other. The funds would come from different sources and be structured differently. If the club opted to develop the housing themselves, the funding would probably be a specific, separate facility, secured on the development site itself, because (a) they own it and (b) it will have full planning consent by then.Well I certainly hope we find a partner because prioritising stadium funding over your playing staff is one thing, but using that money to fund a housing development is quite another.
People are still forgetting that we’re only 2 phases through a 3 phase project. There still remain capital costs for 500+ units of housing and a hotel to be borrowed and invested.
It would not surprise me if THFC partners up with an experienced residential developer and a hotel operator, with the partners responsible for cash flowing phase 3. That would keep the debt off the club’s books, but they’d have to share a substantial percentage of the profit with their partners.
Going by the swiss ramble we've been ploughing most of our money into it, considering our income (TV, MatchReciepts, Commerical, PrizeMoney etc) hasn't been ploughed into purchasing playing staff for years (net0) if it's not near paid off something doesn't add up, our capex in just one year was 493m.
I'm sure the long Nike contract helped reduce that bill a bit... Assuming just £10m a season that's £150m, but probably closer to 15-20m a season
I'm sure the long Nike contract helped reduce that bill a bit... Assuming just £10m a season that's £150m, but probably closer to 15-20m a season
The original deal was £30m per season.
Probably the best thread for this
That's really good. Brings back memories of the clubs that suddenly popped up, spending a fortune as they went, like Lazio. Seeing Blackburn, Leeds and Newcastle rise and fall.
And the frightening rise of Chelsea, then Man City.
What was interesting was how we were in three top 10 around 2012 and spent more than Liverpool overall for 2 seasons... Shows Levy has backed managers and now he backing the infrastructure to help us kick on
What was interesting was how we were in three top 10 around 2012 and spent more than Liverpool overall for 2 seasons... Shows Levy has backed managers and now he backing the infrastructure to help us kick on
I noticed that blip and thought the timing was extremely revealing. In 2001 ENIC took over. Levy spent 2 seasons continuing with the strategy of his predecessors: buy second rate young-ish players for solid sums and lard the squad with a couple of superannuated, declining stars, to keep the entertainment and hope levels high enough not to deter the fans.
By 2004, he had learned enough to see that this approach wasn't going to achieve his objectives, which were (a) to make Spurs competitive again and (b) to make a long-term increase in the value of ENIC's investment.
So he recruited Frank Arnesen and charged him with recruiting unsung and young international talent. Arnesen demanded Jol. Levy insisted on Santini, to keep the fans from freaking out. Both were right. Fortunately, Santini threw a strop and walked.
Suddenly we were back in Europe on a perennial basis and Levy could see that a bit of investment might bounce us up another rung on the ladder. So we started buying more expensive players. We also had a lot of wasted expenditure as a result of constant managerial changes: Jol to Ramos to Redknapp, each of whom wanted to remodel the squad to his taste. Spending goes up when a club keeps changing managers; it goes down when one of them stays for a few years.
Then we qualified for the Champions League for the first time and that is what gave Levy the wherewithal - a valid financial excuse - to bang down some of the CL money on expensive players. And we were press-ganged into selling Bale - spending that money bounced us briefly into that top-10 list, to fulfil AVB's desired remodelling of the squad.
All this time, for 10 years, the academy had been developing in the background. Pochettino's arrival coincided with the academy starting to produce high-standard Premiership players. It wasn't a coincidence. It was one reason he was keen to come.
Since then, the investment in players has declined again. Because we were finding better ones for free and improving the ones we already have. But we have continued to grab players at high-ish fees when Pochettino wanted them: Sanchez, Aurier and Sissoko being the obvious examples.
We don't buy unless Pochettino sees youth, value and character in the same package. I wish people would get their heads around that. We just don't buy players unless Pochettino thinks we can improve them and they will fit into his team ethos. It's not going to change as long as we have this manager.
Two things are clear to me about Levy/ENIC:What was interesting was how we were in three top 10 around 2012 and spent more than Liverpool overall for 2 seasons... Shows Levy has backed managers and now he backing the infrastructure to help us kick on
True, but the way I see it one could only wheel out "not backing the manager(s)" if the money from sales wasn't being reinvested in the squad. But it was/is. Every time. See Newcastle for an example of what happens when it isn't.We were also selling. Modric etc...
How does the old expression go? Never let the facts get in the way of a good moan about how Levy is destroying our club