Where is the money coming from?

[Gringospur]

We have spent a record sum on transfers already this window and I'm trying to come to terms with the possible departure of Gareth Bale, as you have to wonder where this money is coming from.
So, if Bale hadn't had the tremendous season that we've just witnessed would you have swapped him for Soldado, Paulinho and Chadli? Most likely, yes.
I believe the marketing benefits and global exposure of keeping Bale and the teams potential of him playing with the new guys is immense, but it just doesn't seem to me Levy style. He is slow and steady (frustratingly so!). He didn't buy that needed striker in so many windows, tho debatable why, and now we are buying serious players.
Also, the stadium needs funding.
Levy, imo, doesn't gamble. He has a long term strategy and will always stick to it. Refusing the money for Bale is a gamble, though one I would take!
Will Bale be as good this next season? Will he stay fit? Will he be worth as much in 12 months time? Are we guaranteed CL if we keep him? etc.
Unfortunately none of these are guaranteed, but a huge sum could be. And that is what Levy likes, guarantees.

 

[seanwhite1961]

85m isn't guaranteed. There is not, and won't be, any cash offer from RM of 85m. At best, it would be £40m plus players.

There are plenty of players the club will listen to offers for - that will add up if we don't hold out for ridiculous amounts.

Ultimately, most of it will be recouped in selling Bale next year. Not 85m, though, nearer 65m.

 

[Gringospur]

85m isn't guaranteed. There is not, and won't be, any cash offer from RM of 85m. At best, it would be £40m plus players.

There are plenty of players the club will listen to offers for - that will add up if we don't hold out for ridiculous amounts.

Ultimately, most of it will be recouped in selling Bale next year. Not 85m, though, nearer 65m.

Thanks. Though the exact figure wasn't the premise of my post, I have edited.

 

[Mattspur]

I suppose we've been using the estimated extra £30m we will receive in TV revenue per year going forward. Most of the deals will be spread over a number of years so as long as our annual expenditure doesn't go over the increase in revenue, we're no worse off.

 

[Lilbaz]

Last year we spent £42m on the training ground and new stadium. With the training centre complete this will probably free up some money.
We also finished paying off some short term loans.
Add in the increase in tv revenue, this should explain the increased spending.

 

[absolute bobbins]

We have spent a record sum on transfers already this window and I'm trying to come to terms with the possible departure of Gareth Bale, as you have to wonder where this money is coming from.
So, if Bale hadn't had the tremendous season that we've just witnessed would you have swapped him for Soldado, Paulinho and Chadli? Most likely, yes.
I believe the marketing benefits and global exposure of keeping Bale and the teams potential of him playing with the new guys is immense, but it just doesn't seem to me Levy style. He is slow and steady (frustratingly so!). He didn't buy that needed striker in so many windows, tho debatable why, and now we are buying serious players.
Also, the stadium needs funding.
Levy, imo, doesn't gamble. He has a long term strategy and will always stick to it. Refusing the money for Bale is a gamble, though one I would take!
Will Bale be as good this next season? Will he stay fit? Will he be worth as much in 12 months time? Are we guaranteed CL if we keep him? etc.
Unfortunately none of these are guaranteed, but a huge sum could be. And that is what Levy likes, guarantees.

From the ITK it is apparent that Lewis has had a hand in this, after the transfer of Paulinho Joe Lewis release a £50,000,000 loan at 0% interest to the club which if true means that to date the Chadli deal and the initial payment for Soldado would have come out of this pot (circa £22 million).
There is also the normal budget which is based upon earnings throughout the season (TV Revenue, Gate Receipts, Commercial deals) and outgoing transfers.

None of us know the mind of Levy or Joe Lewis, if we did then perhaps we may be running the club and not speculating about the financial position and motives

 

[SargeantMeatCurtains]

A certain individual's betting winnings were grossley underestimated...

Nice one mah son

 

[Gringospur]

From the ITK it is apparent that Lewis has had a hand in this, after the transfer of Paulinho Joe Lewis release a £50,000,000 loan at 0% interest to the club which if true means that to date the Chadli deal and the initial payment for Soldado would have come out of this pot (circa £22 million).
There is also the normal budget which is based upon earnings throughout the season (TV Revenue, Gate Receipts, Commercial deals) and outgoing transfers.

None of us know the mind of Levy or Joe Lewis, if we did then perhaps we may be running the club and not speculating about the financial position and motives

That is interesting, as I wasn't ITK of the ITK!
I was under the impression JL was a hands off owner. So many posters have berated him for not helping the club personally.

 

[absolute bobbins]

That is interesting, as I wasn't ITK of the ITK!
I was under the impression JL was a hands off owner. So many posters have berated him for not helping the club personally.

A loan isn't really offering material help though is it, unless he writes it off in a year or so

 

[Mattspur]

That is interesting, as I wasn't ITK of the ITK!
I was under the impression JL was a hands off owner. So many posters have berated him for not helping the club personally.

Yeah, but remember the golden rule of ITK.

Lots of people say lots of things.

 

[Gringospur]

A loan isn't really offering material help though is it, unless he writes it off in a year or so

It does seem a bit of a coincidence that Lewis would lend Spurs 50 mill when Bale is being sort for north of that figure.
Lilbaz mentioned various freed up finances and TV revenue, but the understanding of those would have been in the mix already. And surely with Ade and Defoe's inability last season, January would have been the time to get a striker.
It just seems very odd of Spurs to spend freely like this now.
I don't want Bale to leave, I just think I've stopped grasping those straws.

 

[Robbiepope]

In terms of players sales and buys i doubt our net spend has been much in the previous 3/4 windows. About time we invested.

 

[Yid-ol]

Tv deal and new sponsorship may have helped

 

[absolute bobbins]

It does seem a bit of a coincidence that Lewis would lend Spurs 50 mill when Bale is being sort for north of that figure.
Lilbaz mentioned various freed up finances and TV revenue, but the understanding of those would have been in the mix already. And surely with Ade and Defoe's inability last season, January would have been the time to get a striker.
It just seems very odd of Spurs to spend freely like this now.
I don't want Bale to leave, I just think I've stopped grasping those straws.

Exactly, there is a pot already from the general operations of the club, commercial ventures, TV rights, players transferred out, players released etc. All of which adds to the transfer budget, we have no idea how much that is and probably never will because it's probably down to Levy and Matthew Collecott (Ops and Finance director) and for that to leak would seriously damage Spurs ability to operate in the market in the manner that we do.

With regards to January, we had two problems, Defoe had scored 10 goals before the new year and January is only ever a sellers market, if you go hard to try and sign a striker you'll get reamed out by the seller because we'd only go for someone in pretty decent form and the selling club know we are vulnerable and need the player.
Paying massively inflated transfer fees with money we have not budgeted for is an enormous uncalculated risk, the summer transfers would have been budgeted for and present the standard calculated risk.

 

[AW?]

I thought i'd mention that fact we didn't massively splash the cash with Harry, especially in his final (courtcase and England job tie) season. He spent a a far bit of dough beginning of last season on Lloris, Clint, Sigs and Verts combined, so perhaps Harry was just a stop gap thing for him the whole time. He's no spring chicken old Harry anyway is he?

 

[Gringospur]

Exactly, there is a pot already from the general operations of the club, commercial ventures, TV rights, players transferred out, players released etc. All of which adds to the transfer budget, we have no idea how much that is and probably never will because it's probably down to Levy and Matthew Collecott (Ops and Finance director) and for that to leak would seriously damage Spurs ability to operate in the market in the manner that we do.

With regards to January, we had two problems, Defoe had scored 10 goals before the new year and January is only ever a sellers market, if you go hard to try and sign a striker you'll get reamed out by the seller because we'd only go for someone in pretty decent form and the selling club know we are vulnerable and need the player.
Paying massively inflated transfer fees with money we have not budgeted for is an enormous uncalculated risk, the summer transfers would have been budgeted for and present the standard calculated risk.

I agree, it would have been a financial risk to buy in January, but we should have started last season with another striker.
It will always be a debate of should we have bought a striker in January would we have won that 1 more game and made top 4. Was it worth a gamble, which if we had made it could have negated an inflated price?

Anyway, I think you are saying that you believe we can afford the new players and stadium within our current financial situation without selling Bale. I so hope you are right!

 

[Gringospur]

I thought i'd mention that fact we didn't massively splash the cash with Harry, especially in his final (courtcase and England job tie) season. He spent a a far bit of dough beginning of last season on Lloris, Clint, Sigs and Verts combined, so perhaps Harry was just a stop gap thing for him the whole time. He's no spring chicken old Harry anyway is he?

Yes, I think AVBs first season was always going to be a trial to see if he could hack it after the Chelsea mayhem.
So now Levy really does back him. It's what we had anticipated, let's hope this is the case and it's regardless of any offers for Bale.

 

[camaj]

In terms of players sales and buys i doubt our net spend has been much in the previous 3/4 windows. About time we invested.

This is the correct answer. We haven't spent much for a while now. When we got into the Champions League I expected us to spend that extra £30m to secure our place but we didn't make any big signings that summer or at the end of the season when the money was in the bank.

I don't know if Lewis has lent us £50m, it sounds like a nice story but no more. If we were spending beyond our means, £100m+ say, then there'd be grounds to wonder. We also have to remember that payments are likely to be spread out over several seasons and if things don't go well it just means we have less to spend in future. However looking at the squad there doesn't seem to be too many problem areas, perhaps a good back up striker but I can't think of anything else.

I thought i'd mention that fact we didn't massively splash the cash with Harry, especially in his final (courtcase and England job tie) season. He spent a a far bit of dough beginning of last season on Lloris, Clint, Sigs and Verts combined

How much of that was financed by the sale of Modric and VDV? I just checked and since Redknapp joined we actually made a £16m profit on transfers, if the figures are accurate. I'm sure our earnings have gone up at the same time. If you include this summer so far our net spend since Redknapp's first season is only £25m, less than the income generated by the Champions League alone.

 

[NEVILLEB]

It's not like Levy to buy before selling so this window is odd.

It reminds me of the Ramos one in terms of it's ambition, early signings and expenditure.

Levy is backing AVB and it's great to see.

 

[InOffMeLeftShin]

A lot of clubs seem to have been spending money. Cardiff, yes Cardiff, have had two summer signings over £8m. Norwich, Swansea and Southampton have all spent big chunks of money too. I think the new TV deal certainly is having a big effect already. This combined with some money from Lewis would seem to be the reason for us. i don't think our spending so far is related to Bale leaving, more that it is a sign of intent to encourage him to stay.