Financials 17/18
- Thread starter coys200
- Start date
So it will be a while until we get to see the figures for the new stadium in full. Id expect this seasons figure to be a little higher despite attendences at wembley being down because of the higher cl prize money and a spike with the nwhl for this last part of this season.
If we can get top 4 this sesson for next season id fully expect us to easily surpass the clubs above us (arse, chelsea and pool) but we wont find out until 2021.
If we can get top 4 this sesson for next season id fully expect us to easily surpass the clubs above us (arse, chelsea and pool) but we wont find out until 2021.
BehindEnemyLines
Twisting a Melon with the Rev. Black Grape
- Apr 13, 2006
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Record was previously held by Liverpool (think it was about £107m).........so, we made more profit in one year than any other club in the world ever!
Bobbins
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dirtyh
One Skin, two skin.....
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JamieSpursCommunityUser
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- Jan 27, 2011
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I'm quite surprised Levy wouldn't hide the profit in the business, either by retaining cash or paying down debt.
Surely clubs and agents will see that and raise their expectations?
Unless it is for the benefit of refinancing? (Or dividends..)
You would think there is a strategy here, but I can't quite figure it out.
Surely clubs and agents will see that and raise their expectations?
Unless it is for the benefit of refinancing? (Or dividends..)
You would think there is a strategy here, but I can't quite figure it out.
MR_BEN
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- Aug 5, 2005
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No... it’s because it would be illegal. The clubs auditors have to sign off on the accounts and if they sign them off as unqualified that would raise heaps of questions and the media would be all over us like a rash.
Quite simply... you don’t issue false accounts.
tobi
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- Jun 10, 2003
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Unless your favourite colour is Sky Blue...
WalkerboyUK
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Even if Levy handed over £100 million of the profit to invest in players, it's only realistically going to get us 2 players when you factor in wages.
danielneeds
Kick-Ass
- May 5, 2004
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Obviously the loan amount will go up this year after the over-run, suggesting that debt will be around the £600m mark.
If Levy can use all this positive press about the stadium to snag a long-term naming rights deal of £200m over 10 years that’ll take the debt that we have to service down to £400m which starts to look a bit more manageable.
Graysonti
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Don’t forget, when you get a total cost for th stadium, a fair chunk would have already been paid for through club operating cash reserves.
All the early part of the build - all paid for.
The total cost will not what will be owed - it will be lower.
worcestersauce
"I'm no optimist I'm just a prisoner of hope
- Jan 23, 2006
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BBC is quoting £113 after tax.
Edit: £113 million after tax.
Edit: £113 million after tax.
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JamieSpursCommunityUser
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Sorry think we're at crossed wires, that isn't my point.
THFC can, perfectly legally and ethically, re-invest (retain) it's own cash for the subsequent year, before tax.
Whether to re-invest in future operations (growth), assets, paying down debt, or even as a contingency.
Obviously no company will do that indefinitely, whether for commercial or tax purposes, as it also can't pay out dividends on cash sitting in the business.
Spurs could easily have taken any number of legal courses to play these numbers down, but chose not to.
Am assuming that is to look strong to investors, perhaps ahead of a Bond issue which I think was mentioned in the THST minutes - I'd be interested to know their thinking that's all.
