Financial Results - club announcement

[vicbob]

Yep, it was almost instant. I said as much earlier. And although expected, it's strange, i've found it wierd for a while now. It's almost universally agreed (or it ought to be) that he's great at the money side but he's also either incompetent or has been negligent at the football side of things yet people still talk about the finances, FFP, net spend and all the other stuff. It simply cannot be argued against, he's overseen such a decline that almost 85% of fans want him removed and that doesn't happen for no reason. People shouldn't be unhappy at the state of the club away from the pitch, fucking hell, it's so obvious where his fault lays.

It's deflection. And people fall for it.

We could be the most profitable club in the world, have the biggest this, the most of that and the bloke in charge is at best waiting for FFP to worm it's way into our favour and we spend most of our lives and invest our emotions and our hopes supporting a club run by a bloke who's not up to that side of the gig.

But hey, go try to win an impossible to win argument about FFP or whatnot

BUT, BUT, you forgot Covid as well.........................................................

 

[degoose]

The only real thing to pull from that statement is that nothing much will change. Levy will dream on about a sustainable league whilst other owners manipulate the rules to obtain success, and we’ll chug along hoping to catch lightening in a bottle.

so what else should spurs do other than be sustainable and keep pushing on. Spend loads of money and go into administration like a Leeds or get in a sugar daddy to appease the short term situation.

 

[FibreOpticJesus]

Sorry, just so I'm clear, is your belief, or expectation, that when Levy said the new stadium would enable us to compete financially with our rivals that you thought it would enable us to spend the same as clubs like City and Chelsea?

Yes I expected us to compete for top four and honours because it was what Levy said the new stadium would allow us to do.

 

[SirHarryHotspur]

Yes I expected us to compete for top four and honours because it was what Levy said the new stadium would allow us to do.

We are competing for top four and have regular Euro football but when players don't turn up for games we will struggle for actual silverware. Our squad is far superior to Forest but in a competition like the League Cup that is well within our capabilities of winning the players fail to show the desire that the Forest players did and what happens out we go.

 

[ILS]

Yes I expected us to compete for top four and honours because it was what Levy said the new stadium would allow us to do.

So therefore he has acted on his promises. Do you know how many trophies United have won during the same time period since we have moved into the stadium...sod all and they have spent a hell of lot more money.

It's not easy to win trophies in England and never will be. Even if Arsenal win the league this season there is no guarantee that they will be there in the same place next year.

Conte always said we were going to need three transfer windows to get a team ready to challenge and if we sign two centre backs and a new keeper in the summer we are pretty much ready to go.

I know it is hard to be patient but look at the mess Liverpool and Chelsea are in at the moment. If we go through the summer and do not address our weaknesses then fair enough but I genuinely believe that we will sign the players needed this summer and then it's down to Conte and the players.

 

[Mattspur]

Yes I expected us to compete for top four and honours because it was what Levy said the new stadium would allow us to do.

Well, we are definitely competing for top 4 and honours. We finished in the top 4 last season and are currently 5th this. We reached a cup final the season before last. So on that basis you should be happy with Levy that he's kept to his word.

If you expected us to be able to compete financially with City you have misunderstood how much revenue it's reasonable to assume a new stadium can make. I'm sorry to be the one to break it to you, and I assumed this was fairly obvious, and didn't need pointing out, but a stadium, however lavish, will not make as much money as a country.

I'll give you a minute for that to sink in.

 

[ILS]

Well, we are definitely competing for top 4 and honours. We finished in the top 4 last season and are currently 5th this. We reached a cup final the season before last. So on that basis you should be happy with Levy that he's kept to his word.

If you expected us to be able to compete financially with City you have misunderstood how much revenue it's reasonable to assume a new stadium can make. I'm sorry to be the one to break it to you, and I assumed this was fairly obvious, and didn't need pointing out, but a stadium, however lavish, will not make as much money as a country.

I'll give you a minute for that to sink in.

How much do people really think a concert or an NFL game pulls in?

At most across a 12 month period for these extra events your probably talking about £25/30m generated??

That would equate to an Yves Bissouma not a Bastoni.

 

[spursfan77]

Levy is putting a lot of stock on the new FFP rules, kicking the can as far down the road as he can.

They didn’t work last time and won’t work this time. A convenient excuse for Enic not to put their own money in if you ask me.

 

[Styopa]

Yep, it was almost instant. I said as much earlier. And although expected, it's strange, i've found it wierd for a while now. It's almost universally agreed (or it ought to be) that he's great at the money side but he's also either incompetent or has been negligent at the football side of things yet people still talk and argue the toss about the finances, FFP, net spend and all the other stuff. But the actual issue that made the worm turn simply cannot be argued against, he's overseen such a decline that almost 85% of fans want him removed and that doesn't happen for no reason. People shouldn't be unhappy at the state of the club away from the pitch, fucking hell, it's so obvious where his fault lays.

It's deflection. And people fall for it.

We could be the most profitable club in the world, have the biggest this, the most of that and the bloke in charge is at best waiting for FFP to worm it's way into our favour and we spend most of our lives and invest our emotions and our hopes supporting a club run by a bloke who's not up to that side of the gig.

But hey, go try to win an impossible to win argument about FFP or whatnot

I think this pretty much sums it up.

Levy has totally transformed Tottenham Hotspur the Business over the last twenty years. But has he transformed Tottenham Hotspur the football club? Not especially.

A lot of people like to use the nineties as a yardstick to measure ENIC's level of success at the club. The narrative usually goes look how much better we are now than we were then. But Tottenham Hotspur existed before the nineties. The nineties do not represent the whole sum of the football club or its history. ENIC itself have been here for over twenty years.

Is Tottenham football club now a better/more successful team than it was during the nineties-I would say yes (although even in the nineties we won a couple of trophies).

Is Tottenham football club now a better team/more successful team than it was during the eighties- no.

Is the football club now a better/more successful team than it was five or ten years ago? Probably not. Maybe we're about the same.

At best you could say we have found a level in the top six under ENIC. I don't see the stadium or FFP having any impact on that whilst Levy remains here. In ten years, if Levy is still here, we will probably still be operating in pretty much the same way.

 

[spursfan77]

Why’ve we got £226 million in the bank?

https://www.tottenhamhotspur.com/media/4hodwa2a/tottenham-hotspur-limited-300622-signed.pdf

page 29

 

[SirHarryHotspur]

How much do people really think a concert or an NFL game pulls in?

At most across a 12 month period for these extra events your probably talking about £25/30m generated??

That would equate to an Yves Bissouma not a Bastoni.

Just about spot on 2022 saw other revenue NFL etc bring in £31.9 million up from £15.4 million in 2021, sure those figures will increase again next year with added use of stadium, Beyonce etc.

 

[SirHarryHotspur]

They didn’t work last time and won’t work this time. A convenient excuse for Enic not to put their own money in if you ask me.

Glazers do not put money into Man Utd, FSG do not put money into Liverpool, Kroenke does not put money into Arsenal , they might have loaned the clubs money as FSG did with Liverpool but they want the money back. Those clubs all operate on the income they generate, difference is they are more willing to risk higher expenditure than ENIC.
Even Klopp has complained that Liverpool cannot compete with Man City.

 

[grittyspur1]

Looool

This is just totally irrational. The stadium is a gamechanger in being able to increase our revenues. The fact we have one of the highest net spends over the last few seasons proves that. BUT that doesn't mean we can go toe-to-toe financially with the sovereign wealth of entire nation-states FFS. Besides covid, and not seeing a full season of full capacity stadium revenues yet makes it hard to judge how financially competitive we can be.

It's not Levy you should be blaming for that. It is a flawed FFP system that allows these kind of owners to get away with inflating wages and transfer fees that distort the market to unsustainable levels. Hopefully Man City actually get the book thrown at them so it makes Newcastle owners think twice about their actions, but i'm highly dubious that will happen.

High & dubious is one heck of a way to go through life!

 

[ILS]

I think this pretty much sums it up.

Levy has totally transformed Tottenham Hotspur the Business over the last twenty years. But has he transformed Tottenham Hotspur the football club? Not especially.

A lot of people like to use the nineties as a yardstick to measure ENIC's level of success at the club. The narrative usually goes look how much better we are now than we were then. But Tottenham Hotspur existed before the nineties. The nineties do not represent the whole sum of the football club or its history. ENIC itself have been here for over twenty years.

Is Tottenham football club now a better/more successful team than it was during the nineties-I would say yes (although even in the nineties we won a couple of trophies).

Is Tottenham football club now a better team/more successful team than it was during the eighties- no.

Is the football club now a better/more successful team than it was five or ten years ago? Probably not. Maybe we're about the same.

At best you could say we have found a level in the top six under ENIC. I don't see the stadium or FFP having any impact on that whilst Levy remains here. In ten years, if Levy is still here, we will probably still be operating in pretty much the same way.

Barring City and Chelsea what other teams don't operate the way we do?

Liverpool have always acted very similar to the way we operate but luckily for them they appointed a top class manager and used the sale of players to build a top team. It wasn't like FSG done a Chelsea and started pumping loads of money into it. They also didn't have to build a £1 Billion stadium during their successful period.

The same can be said for Arsenal where their spending has gone up because they have to rebuild a team. As a result, they have had to overspend due to being out of the CL for a few seasons. Everything they done recently was all aimed to achieve CL football again to increase the revenue stream. I think we will see their spending fall back in line over next 12 months.

The situation really isn't as bad as some believe and if Conte signed the extension to the contract most of the noise would go away

 

[adamsky]

How much do people really think a concert or an NFL game pulls in?

At most across a 12 month period for these extra events your probably talking about £25/30m generated??

That would equate to an Yves Bissouma not a Bastoni.

And that is only revenue. I wouldn’t be surprised is there is less than £10m profit in that

 

[Gb160]

Our Ebitda is at around 116m, which is usually a marker of our business health.

Our what?

 

[SirHarryHotspur]

Why’ve we got £226 million in the bank?

https://www.tottenhamhotspur.com/media/4hodwa2a/tottenham-hotspur-limited-300622-signed.pdf

page 29

Depends what cash equivalent means , actual cash in hand looks like £37 million just about enough to buy Porro.

 

[ILS]

And that is only revenue. I wouldn’t be surprised is there is less than £10m profit in that

Its no different to the naming of the stadium rights. People think that it is going to be a game changer, when at most it will be an additional £20m per year.

Not everyone can have a commercial agreement with an Airline in which the owners of that club own.

 

[carmeldevil]

Our what?

Earnings before interest, taxes, and amortization

 

[neilp]

Earnings before interest, taxes, and amortization

So is our £116m figure a good figure?