- Aug 27, 2013
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Well, at least ENIC are happy...
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.
Well, at least ENIC are happy...
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).
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
I am certain they are.
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. ?
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...
No, I hear he fancies a bit of a stretch in Lad VegasDoes this mean we can afford Ronaldo now? You know he wants to come here...
They are not worriedThe 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.
Another CL campaign for us and Europa for the scum should see us above them in 12 months
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.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
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...
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
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