Lol … if you say so. In contrast, I couldn't care less what you have said or haven't said in posts dating from years ago.
Happy trawling ...
Happy trawling ...
Forget the debt, the stadium looks pretty good. Would be bad place for a visiting team.
"My" financial reports are actually the club's financial reports. If these are "so wide of the mark", then I suggest you report the club to the financial authorities for false accounting. Good luck with that.
It’s easy to search debt and your user name. It’s also remarkably easy to point out your hypocrisy’s. 10 years ago you were predicting Utd would have to sell players to fund an ever increasing debt. Meanwhile Spurs debt continues to grow and it’s nothing to worry about.
So I failed to predict from years ago that United wouldn't have to sell players. I also failed to predict that United would decline into a mid-table team.
Predictions can be tricky, don't you think?
But you use the numbers in posts telling us how you could easily deal with x and y while in reality you fail to sign anybody during the summer and need to MUFC style refinance your debt which now seem to be linked.
That's nothing to do with official reports. Thats you. Buddy.
That mid table team has won more in two years than Spurs have in 25. They’re also not sitting bottom of their Champions League group.
Apparently so. When did you first say this stadium would open?
Let's not be hasty. They're a colossal 4 points ahead of us and finished 2nd last season .. I don't think you can brand a team mid table at this point. Otherwise Bournemouth are top 4 challengers.
If I would make a prediction I would agree with you and add that I think Spurs will have new owners within say two years. It is for me pretty obvious that Levy has been preparing the club for a takeover for a couple of years now. When the new stadium is done and the dust is settled the club is ripe for a takeover. The interesting part will be who buys it and if its a leveraged takeover as the one we know very well; or if it will be the Chinese or some oilmegalomaniac/state who can clear the debt at once.
Saudi Spurs anyone? How is that for a name, and its well within the realm of possibility.
OK, not the name change maybe but what I am suggesting....
I think you could be right.
Love how Glaston turns every conversation to United. While their colossal stadium is still not built.
Clicked on few posts and read conversation from 10 years back. Hats off to Spurs on building the stadium without racking up crippling debts
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And yet you are always unshakably confident in yours, to the point of presenting them as inescapable facts.
Funny how as soon as someone proves him wrong he can’t handle it and starts to distract from that by making these ridiculous statements.
Spurs will do an Arsenal, with the difference that they have won nothing compared to their rivals. The stadium and debt will cripple them, they cant win major trophies and if they miss the CL this season it will be even worse for them. Kane, Erisksen and co will soon leave as they will need the money, the players will want to win and the wages offered by other bigger clubs will be too good to turn down.
Also Spurs new debt will now go to around 620m !!! United current net debt is at £301.3m, gl spurs.
Also Spurs new debt will now go to around 620m !!! United current net debt is at £301.3m, gl spurs.
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Well it's not new. He is king of contradictions. He thinks he made correct prediction based on 10 games, that ManUtd slid to midtable but when mid season tables was used last season,
Funny how as soon as someone proves him wrong he can’t handle it and starts to distract from that by making these ridiculous statements.
Feb 2018, after 26 games table doesn't give better picture when Spurs are just 2 points off 3 but ManUtd are midtable club after 10 games when they are just 4 points behind Spurs and 5 behind 4th placed team.
After 28 games, there are more twists and turns before season ends, and none of the teams are nailed on for top 4 when United were 7 points ahead of 5th placed Spurs but if ManUtd are 5 points behind 4th placed team and 4 points behind Spurs after just 10 games means we are midtable team.
He never uses table midseason to imply something, unless it's to pat his back for predicting midtable for ManUtd.
This is just a sample.
Will Spurs be able to handle a debt of £600 m?
It's a bit ironic. Tottenham are now used to playing in front of 90.000 when they manage to fill up the bowl, but will next year play in a much smaller stadium every other week. From the pictures the stadium looks way less impressive than Wembley in all its greatness. OK, Wembley's location is pretty awful (I was there a month ago for the first time), and the new one is placed closer to its people... but that's not something the players give a shit about, it's not like they live in this part of town anyway.
Wow, just wow!
You don’t set up a loan facility, if you’re not planning to use all or at least most of it. And a net debt of 1.5x the annual revenue is not a good look.
The "in reality you fail to sign anybody during the summer and need to MUFC style refinance your debt" is down to me? Wow, I never knew I wielded such influence!
Actually, buddy, I've simply used the figures from Spurs financial reports to suggest that our stadium-related debt will be entirely manageable.
Given that our annual income will soon break the £400m barrier and that our profits are huge, it's not exactly an outrageous suggestion …. except on here, of course, with regard to certain oppo fans, who predict financial ruin …. lol
I thought Spurs would be ok if they could keep the debt at about £350m, even at 600m the debt is manageable but Spurs aren't United and they might not benefit from the same level of attractiveness united had when it comes to the bond. Joe Lewis could obviously help them out but that isn't going to happen, going to be extremely difficult to keep Poch if this plays out as I expect.
How much extra a season are Spurs expecting to make in gate receipts?
How much extra a season are Spurs expecting to make in gate receipts?
I was thinking more of their league positions since Fergie retired, including 7th, 5th (twice) and currently 8th,
I don't know why you name 400m turnover like some magic spell that makes all problems go away.
a) turnover figures by themselves only tell you a fraction of the story.
b) how will that turnover figure look if Spurs don't make top 4?
c) Spurs's competitors have just as much turnover or more, but (afaik) not nearly as much debt they need to service
I don't think Spurs will be threatened with bankruptcy, but it doesn't have to go that far to hurt the club significantly short to mid term. 2-3 windows of little to no investment (while others spend freely), people begin to feel that the club is stagnating, coaches / key players start to angle for transfers that offer them more money and a shot at trophies, you drop out of top 4, income goes down, servicing the debt takes up an even higher relative portion of your earnings. At some point top 5 clubs have left you behind and you're a midtable club, who has to rebuild and play catch up.
a) turnover figures by themselves only tell you a fraction of the story.
b) how will that turnover figure look if Spurs don't make top 4?
c) Spurs's competitors have just as much turnover or more, but (afaik) not nearly as much debt they need to service
I don't think Spurs will be threatened with bankruptcy, but it doesn't have to go that far to hurt the club significantly short to mid term. 2-3 windows of little to no investment (while others spend freely), people begin to feel that the club is stagnating, coaches / key players start to angle for transfers that offer them more money and a shot at trophies, you drop out of top 4, income goes down, servicing the debt takes up an even higher relative portion of your earnings. At some point top 5 clubs have left you behind and you're a midtable club, who has to rebuild and play catch up.
It's hardly ridiculous to say that United have declined markedly since Fergie retired, to the point where they've finished outside the top 4 more often than not.
Funny how as soon as someone proves him wrong he can’t handle it and starts to distract from that by making these ridiculous statements.
Lol … desperation strikes!
As you go further into debt with spiralling stadium costs...
You forgot that fact. Buddy
Like you did for United?
Yeah I don’t know why someone would object to that statement, when it’s probably the least outrageous claim you’ve made in a post since joining.
We’ve become a non-entity when at the very top of English football since Fergie left. Just like Spurs have been for my entire life, so it stands to reason that, as a Spurs fan, you’re well positioned to recognise mediocrity!
Tottenham warned over Champions League stadium advertisement - http://www.bbc.co.uk/sport/football/46143481
I mean the fact that an Arsenal fan has complained makes it more hilarious.
I mean the fact that an Arsenal fan has complained makes it more hilarious.
If reports of their debt pushing up towards £600m are true, and if they miss out on top 4 this season, that'll be a real issue for Spurs.
They spent nothing in the market when they believed the stadium was close to completion, with the extra time and costs (both short term and longterm) that have built up, Levy will be reluctant to seriously enter what will almost be an even more inflated market.
This stadium won't cripple Spurs but it could certainly, over the next few seasons, derail the team's impressive and unexpected advances.
They spent nothing in the market when they believed the stadium was close to completion, with the extra time and costs (both short term and longterm) that have built up, Levy will be reluctant to seriously enter what will almost be an even more inflated market.
This stadium won't cripple Spurs but it could certainly, over the next few seasons, derail the team's impressive and unexpected advances.
It's not like we could be expected to win trophies even without the stadium against the oil clubs. If the stadium allow more supporters the chance to watch the games and generate more income for the team I'd say it's a success. As a fan it's not easy to get tickets, and that in itself is great news imo. The stadium looks amazing and I can't wait to go to a game. If only the tickets could be cheaper as well that would be even better, but that won't happen without fans of football in general going together to put pressure on all clubs, which with the tribalism of football just wont happen.
Not really actually. Champions League is a guaranteed £30m revenue generator at a minimum.
That's not that much when you consider the EPL can guarantee £100m+. A deep run in the Europa League would generate more than the £30m lost.
The collateral on the stadium loans is Champions League, as in match day revenue which only the champions League can offer...
Yeah with the wage structure and current spending I don't think it will be a problem at all to manage it. What will be affected is obviously our capacity to spend on players and wages, which obviously isn't ideal either, but I have no reason to believe we'll go bankrupt or anything like that.
You have so many assests away from the football pitch that bankruptcy will never happen, but it's treacherous ground if Champions League isn't achieved for a few years .
Not just that though is it - it's all the potential sponsorship deals, and general aura around the club, the Champions League brings. It wouldn't have a massively lasting impact, but it would certainly effect the club in the short term.
Mid-table.
This thread . Biggest WUM on the forum.
. Biggest WUM on the forum.