Deloitte Football Money League 2019

[LexingtonSpurs]

Well, at least ENIC are happy...

 

['O Zio]

Seeing that we've now gone past Juventus let's compare the two, knowing that both clubs have either just finished their new stadium or is in the process of building it, so it's more or less the same prerequisites:

Tottenham:
Struggles to allocate funds to sign Championship players such as Grealish and allegedly Maddison/Bowen etc. Not even going to bother listing the likes of Martial, De Ligt and De Jong who we all have been linked with to various degrees.

Juventus:
Signs the likes of Ronaldo for 100m+ and probably pays him 400-500k/week.
Signs Ramsay on a free with 300k/week.

Am I being too negative? Feel like i've woken up on the wrong side today, nervous for tonight.

Ridiculous comparison to be honest. First of all Juve finished their stadium nearly 10 years ago whereas ours is still being built. Secondly, theirs cost less than a fifth of what ours is costing to build. To say you're comparing apples and oranges would be an understatement. Juve also have had higher revenue than us until this year for all kinds of reasons whereas we've only just got to that level. I've no doubt we'll overtake them financially once we're settled into the new stadium but the comparisson you're making at the moment just makes no sense at all as you're massively misrepresenting the situation.

 

[Lilbaz]

Well, at least ENIC are happy...

Not sure they are.

https://www.google.co.uk/amp/s/www....ing-debt-vs-manchester-city-a8608226.html?amp

 

[coys200]

You’re right that juventus are the Manchester United of Italy in that their support is spread throughout the country. Their actual local support is nowhere near United in fact they don’t even sell out the 40k.

 

[Colonel Dax]

Ridiculous comparison to be honest. First of all Juve finished their stadium nearly 10 years ago whereas ours is still being built. Secondly, theirs cost less than a fifth of what ours is costing to build. To say you're comparing apples and oranges would be an understatement. Juve also have higher revenue than us for all kinds of reasons. I've no doubt we'll overtake them once we're settled into the new stadium but the comparisson you're making at the moment just makes no sense at all as you're massively misrepresenting the situation.

Eh? In terms of revenue, we've overtaken Juve. Says so in the Deloitte report.

(I don't disagree with the rest of your post).

 

['O Zio]

Eh? In terms of revenue, we've overtaken Juve. Says so in the Deloitte report.

(I don't disagree with the rest of your post).

But if we've only just overtaken them this year, when they've been earning this kind of money for years before that, it's not really a fair comparison to make that we should be spending more than them on wages IMO. Once we've been making this kind of revenue year on year for several years then it's another question

 

[Colonel Dax]

But if we've only just overtaken them this year, when they've been earning this kind of money for years before that, it's not really a fair comparison to make that we should be spending more than them on wages IMO. Once we've been making this kind of revenue year on year for several years then it's another question

Sure, I wasn't arguing about what we should or shouldn't spend - more picking you up on the point about revenue at this point. I thought you misread the original post. Fair enough. ?

 

[LexingtonSpurs]

Not sure they are.

https://www.google.co.uk/amp/s/www.independent.co.uk/sport/football/premier-league/tottenham-new-stadium-wembley-pitch-opening-when-ready-spending-debt-vs-manchester-city-a8608226.html?amp

I am certain they are.

I would imagine the total cost of the investment - to buy all shares is less than £100M - and they now have an operation worth around £2B - even discounting that for debt - and ENIC have made a killing when they sell.

They are very happy to be moving up the Deloitte Money League...

 

['O Zio]

Sure, I wasn't arguing about what we should or shouldn't spend - more picking you up on the point about revenue at this point. I thought you misread the original post. Fair enough. ?

Yeah sorry mate I wasn't particularly clear. I've rephrased my post to make it more clear what I mean.

 

[Lilbaz]

I am certain they are.

I would imagine the total cost of the investment - to buy all shares is less than £100M - and they now have an operation worth around £2B - even discounting that for debt - and ENIC have made a killing when they sell.

They are very happy to be moving up the Deloitte Money League...

The banks seized liverpool for £200m of debt when the financial crisis happened. With a no deal brexit a very real possibility and slowdown in china enic must be a bit worried.

 

[CantSmileWithoutYou]

Does this mean we can afford Ronaldo now? You know he wants to come here...

No, I hear he fancies a bit of a stretch in Lad Vegas

 

[LexingtonSpurs]

The banks seized liverpool for £200m of debt when the financial crisis happened. With a no deal brexit a very real possibility and slowdown in china enic must be a bit worried.

They are not worried

 

[spursfan77]

Another CL campaign for us and Europa for the scum should see us above them in 12 months

Just shows how important financially being in the CL is nowadays unfortunately when compared to the other English clubs.

 

[vegassd]

The banks seized liverpool for £200m of debt when the financial crisis happened. With a no deal brexit a very real possibility and slowdown in china enic must be a bit worried.

I'm not sure they will be too worried about that sort of thing, but that's based on how strong the club has become financially as much as anything. Our ability to be profitable would hopefully stand us in good stead with lenders regardless of Brexit outcomes and if/when we look to convert the stadium financing into a bond arrangement.

 

[JUSTINSIGNAL]

They are not worried

Thanks Daniel

 

[Lighty64]

I am certain they are.

I would imagine the total cost of the investment - to buy all shares is less than £100M - and they now have an operation worth around £2B - even discounting that for debt - and ENIC have made a killing when they sell.

They are very happy to be moving up the Deloitte Money League...

with the restricted crowds and extra cost on the Stadium I doubt we will still be top 10 next season

but once in the new stadium we should eventually go past a few providing we stay in the CL

 

[Ribble]

I can never understand why Juve built a new ground a few years ago with a capacity of 40k. They are the Man Utd of Italy and could easily fill 60-70k

Having spent years in one that had the unflattering moniker of "the stadium without a soul" they made a conscious decision to prioritise the atmosphere in the stadium, so built one that they could get packed for every match rather than just the big ones.

 

[DFF]

Wow look at those dodgy commercial numbers for Man City and PSG.

 

[coys200]

with the restricted crowds and extra cost on the Stadium I doubt we will still be top 10 next season

but once in the new stadium we should eventually go past a few providing we stay in the CL

This is revenue. The debt for the stadium won’t effect these figures. The £85 m matchday is a bit misleading as you have to minus Wembley rent. At a guess I’d say our matchday will be down £10-15m for 28/19 due to dropping attendances. However our carabo run sort of equals FA cup run last season. So if we progress in FA cup plus get past CL last 16 it should balance out. I’d also expect our commercial to elevate as we’ve quite a few new sponsorship deals.