Financial results

[Donki]

Look where we were and look what we have now, he has doen a brilliant job IMO we are competing with teams with bigger reasources than ourselves at end of the day.

 

[SlickMongoose]

Player valuations will be intangible assets though........and in the case of Ade and Soldado that's quite accurate .

Assets are supposed to provide economic benefit......

 

[Gaz_Gammon]

"June 2014 has resulted in a coherent determination from top to bottom of the footballing side of the Club to ensure our sporting philosophy is adhered to - that is to have a balance of experienced and home grown players, playing attacking, entertaining football our fans love to watch. This strategy will continue as we embark on the summer transfer window."

Sounds very encouraging Danny Boy!

 

[yankspurs]

£65.3m profit. Christ. Hey Daniel, either share the wealth with fans and lower ticket prices and apparel pricing or share the wealth with other clubs and bring in improvements to the squad. Better yet, do both.

 

[Dinghy]

£65.3m profit. Christ. Hey Daniel, either share the wealth with fans and lower ticket prices and apparel pricing or share the wealth with other clubs and bring in improvements to the squad. Better yet, do both.

http://www.spurscommunity.co.uk/index.php?threads/new-stadium-details-and-discussions.38802/

 

[Spursidol]

Is that tangible assets? Does that include player valuations?

The players will be in the accounts at cost of acquisition (ie transfer fees plus agents fees etc) less amortisation and any provisions against cost (ie if we think we have a player on the books at a net cost that we will not be able to shift at that nert cost).

BTWI, to explain 'amortiisation' more clearly - if we buy a player for £12m on a 4 year contract, amortisation will be charged at £3m a year - so after 2 years of ownership the player cost in the accounts will be £6m (ie £12m cost less 2 years of amortisation @ £3m pa)

It is possible that Spurs decide a player has been bought at an inflated price which is out of line with his actual value eg if we bought a player for £20m on a 4 year contract then after 1 year the player net value in the accounts would be £15m (£20m cost less one year amortisation), but if we felt that his resale value was actually £5m, we might choose to make an additional provision of £10m cost to the P&L so as to bring the value in the balance sheet down from £15m to £5m.

So generally speaking player 'values' are NOT in the accounts, the only exception being where Spurs decide that a player net cost (cost less amortisation) in the accounts are too high and an additional provision is made to reduce down the net cost to a lower valuation which is erealiseable.

Whether we've decided on this route for any players is not clear from this summary of the financial results (its not that common) - but when the published accounts are on the OS, we will be able to see those details more clearly.

Hope that's clearer

 

[Spursidol]

£65.3m profit. Christ. Hey Daniel, either share the wealth with fans and lower ticket prices and apparel pricing or share the wealth with other clubs and bring in improvements to the squad. Better yet, do both.

The £65.3m probably includes a healthy profit on player trading - doubt if we will have a healthy profit this year if/when we sell the likes of Paulhino and Soldado.

 

[elfy]

£65.3m profit. Christ. Hey Daniel, either share the wealth with fans and lower ticket prices and apparel pricing or share the wealth with other clubs and bring in improvements to the squad. Better yet, do both.

Correct me if I'm wrong (I may have completely misread it), but that £65.3m profit has been used to clear the clubs debts (from -£54.8m to +3.2m), this coupled with the stadium build (and inevitable debt incurred) means that my reading is that the profit has been used to secure the mid-long term future of the club.

Sure, we could have blown it all in an attempt for short term success, but to my mind this strategy is about making the club financially sustainable for the mid-long term and thereby meaning in the long run more money available.

It's not as if the profit has disappeared into Uncle Joe's Swiss bank account!

To manage to generate a profit like this, pay down the clubs debts and yet remain competitive on the pitch is nothing short of masterful in my opinion.

 

[Blockbuster]

isn't it 6 shirts per season if you take the 2 per sponsor? (for the last 2/3 years at least)

 

[yankspurs]

Correct me if I'm wrong (I may have completely misread it), but that £65.3m profit has been used to clear the clubs debts (from -£54.8m to +3.2m), this coupled with the stadium build (and inevitable debt incurred) means that my reading is that the profit has been used to secure the mid-long term future of the club.

Sure, we could have blown it all in an attempt for short term success, but to my mind this strategy is about making the club financially sustainable for the mid-long term and thereby meaning in the long run more money available.

It's not as if the profit has disappeared into Uncle Joe's Swiss bank account!

To manage to generate a profit like this, pay down the clubs debts and yet remain competitive on the pitch is nothing short of masterful in my opinion.

May have disappeared into uncle joe's lake nona projects

 

[yankspurs]

isn't it 6 shirts per season if you take the 2 per sponsor? (for the last 2/3 years at least)

I want us to introduce a 4th kit as like a special one off thing per season. But mostly to troll the people who complain about there being too many kits

 

[Spursidol]

May have disappeared into uncle joe's lake nona projects

It could have done - but the fact that net assets have risen very strongly suggestrs it hasn't

 

[nightgoat]

Like every other team in the Premier League! What utter ****s we are.

 

[yankspurs]

It could have done - but the fact that net assets have risen very strongly suggestrs it hasn't

I was joking, mate

 

[225]

I want us to introduce a 4th kit as like a special one off thing per season. But mostly to troll the people who complain about there being too many kits

And you could design it to troll some more.....

 

[yankspurs]

And you could design it to troll some more.....

Tie dyed shirt with copies of currency and Levy's dome on the sleeves would go over real well. Brilliant idea. Love it. Any luck, it'll be made

 

[dagraham]

It is possible that Spurs decide a player has been bought at an inflated price which is out of line with his actual value eg if we bought a player for £20m on a 4 year contract then after 1 year the player net value in the accounts would be £15m (£20m cost less one year amortisation), but if we felt that his resale value was actually £5m, we might choose to make an additional provision of £10m cost to the P&L so as to bring the value in the balance sheet down from £15m to £5m.

So generally speaking player 'values' are NOT in the accounts, the only exception being where Spurs decide that a player net cost (cost less amortisation) in the accounts are too high and an additional provision is made to reduce down the net cost to a lower valuation which is erealiseable.

Whether we've decided on this route for any players is not clear from this summary of the financial results (its not that common) - but when the published accounts are on the OS, we will be able to see those details more clearly.

Hope that's clearer

Is that not just impairment though? Meaning rather than it being our choice to include a provision, we would be obliged to recognize the asset impairment immediately due to accounting regulations? Not really relevant, but just wondering how it would work in the world of football finance.

 

[JerryGarcia]

Tie dyed shirt with copies of currency and Levy's dome on the sleeves would go over real well. Brilliant idea. Love it. Any luck, it'll be made

Tie dyed Spurs shirt you say? Count me and my bandmates in!

 

[whitelanefever]

£65.3m profit. Christ. Hey Daniel, either share the wealth with fans and lower ticket prices and apparel pricing or share the wealth with other clubs and bring in improvements to the squad. Better yet, do both.

Forget buying players to improve the squad.. we have done enough of that the last few seasons.. Buy players for the Starting IX.. & promote from the academy to fill out the squad

 

[mill]

Forget buying players to improve the squad.. we have done enough of that the last few seasons.. Buy players for the Starting IX.. & promote from the academy to fill out the squad

Shame I can only give this 1 winner rating