Spurs new stadium | Loses NFL for 2020 but gains appearance in Gangs of London £££

[GlastonSpur]

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.

I really don't get this.

Over the last several years our net spend on transfers has been incredibly low. After the significant income boost from our new stadium kicks in, the only way that our transfer budget could become even lower than it has been is if our annual debt repayments will exceed this extra income.

But they won't exceed it … so which ever way it's sliced our potential transfer (and wages) budget will increase. The only argument is about how much (or how little) the increase will be.

And even this ignores the fact that for years we've reinvested much of the substantial profits we make into construction costs … and soon this need will start to taper off.

 

[GlastonSpur]

The collateral on the stadium loans is Champions League, as in match day revenue which only the Champions League can offer...

It isn't. No bank would accept such an unpredictable collateral as the basis for a loan.

 

[RedDevilRoshi]

Theresa May will have agreed a Brexit deal before this bus shelter is built

 

[Champ]

It isn't. No bank would accept such an unpredictable collateral as the basis for a loan.

Check it out, I think you'll find it is...the loans are backed up by the income that top level European football brings. It's all there in the financial prospectus.

 

[Sean_RedDevil]

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[James Peril]

That’s the new stadium they’re talking about? It looks surprisingly similar to all other stadiums in the world, just smaller than the big ones, who would have thought What a farce

 

[GlastonSpur]

Check it out, I think you'll find it is...the loans are backed up by the income that top level European football brings. It's all there in the financial prospectus.

The £400m loan facility that we arranged in May 2017, for example, was secured against (a) the new stadium; (b) related commercial and match day revenues; and (c) a £50m letter of credit from the ENIC Group (the majority shareholder): https://www.tottenhamhotspur.com/news-archive-1/club-announcement-new-stadium-scheme-financing/

To say that the loan was secured on the basis of projected CL income is simply not true. And clearly the stadium itself - a hugely valuable asset - is the main loan security.

 

[Kostur]

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Okay, we've got the circus, the clown in this thread but where the shit are the giraffes and elephants?

 

[Butch Cassidy]

Okay, we've got the circus, the clown in this thread but where the shit are the giraffes and elephants?

When was the last time you saw a giraffe at a circus? Or, are you talking about Crouch?

 

[ClaytonBlackmoorLeftPeg]

Ohhhhh flashy flashy lights.

 

[awop]

That’s the new stadium they’re talking about? It looks surprisingly similar to all other stadiums in the world, just smaller than the big ones, who would have thought What a farce

You won't be laughing when Delle Alli scores on January the 13th and Smooth Criminal blasts out of the State of the art acoustic engineering designed to maximise atmosphere™.

 

[dumbo]

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Why are the City fans attending a Spurs event?

Also a fecking cheese bar.

 

[ayushreddevil9]

Why are the City fans attending a Spurs event?

Also a fecking cheese bar.

I see what you did there.

 

[RedDevilCanuck]

Why cant spurs afford to spunk 100 mill on a talented player? They get tv money and a London club that sells out most games and have been in the CL lately.

After seeing liverpool spend I'd be livid as a spurs fan.

 

[ayushreddevil9]

Why cant Spurs afford to spunk 100 mill on a talented player? They get tv money and a London club that sells out most games and have been in the CL lately.

After seeing Liverpool spend I'd be livid as a Spurs fan.

They have a new stadium to fund.

 

[Champ]

The £400m loan facility that we arranged in May 2017, for example, was secured against (a) the new stadium; (b) related commercial and match day revenues; and (c) a £50m letter of credit from the ENIC Group (the majority shareholder): https://www.tottenhamhotspur.com/news-archive-1/club-announcement-new-stadium-scheme-financing/

To say that the loan was secured on the basis of projected CL income is simply not true. And clearly the stadium itself - a hugely valuable asset - is the main loan security.

Can't be bothered to argue a point I know is right, especially with someone as blinkered as yourself.
Congrats on a new stadium, looks good,

 

[yumtum]

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Do their season tickets come with an epilepsy warning? They're really embracing the NFL side of their stadium (50%, not 100% @GlastonSpur) "look at us, we installed dancing lights, we're so hip".

The light show will soon get boring and no one will give a feck, Spurs better hope no season ticket holder is lactose intolerant and the cheese room is a massive hit.

 

[GlastonSpur]

Can't be bothered to argue a point I know is right, especially with someone as blinkered as yourself.
Congrats on a new stadium, looks good,

I've pointed to a financial statement from the club which spells out what is being used as collateral for the loan concerned. You translate this as "blinkered"

 

[GlastonSpur]

… "look at us, we installed dancing lights, we're so hip".

The light show will soon get boring and no one will give a feck, Spurs better hope no season ticket holder is lactose intolerant and the cheese room is a massive hit.

What a pathetic post. Is having a sophisticated lighting system supposed to be a bad thing?

The degrees which some folk will scratch around to find something to criticise ...

 

[do.ob]

Having a modern lighting system is probably nice to have, but as a st holder I'd be annoyed to no end if they use it anywhere close to that extend for football matches.

 

[Vadim]

So they haven’t won a trophy in decades, haven’t won the league since any of us were born BUT they’ve got the best lights in the league?

I might ditch Utd and start supporting Spurs.

 

[yumtum]

What a pathetic post. Is having a sophisticated lighting system supposed to be a bad thing?

The degrees which some folk will scratch around to find something to criticise ...

Xoxo

 

[klsv]

The cock is now erect

 

[ClaytonBlackmoorLeftPeg]

What a pathetic post. Is having a sophisticated lighting system supposed to be a bad thing?

The degrees which some folk will scratch around to find something to criticise ...

Don’t think I anyone needs to scratch around when it’s 100’s of millions over budget, compromises the 18/19 PL season and is many months overdue, without any actual sign off date, and no one has a clue when Spurs will actually play there.

 

[Sarni]

Will this be the best new stadium in Europe not to host Champions League football for the next 5-10 years?

 

[Random Task]

The cock is now erect

If there was an award for the worlds most boring video, this complete travisty would win it hands down.

 

[Vadim]

I keep reading Spurs fans saying that they've got a huge advantage because they have loads of "easy home games" or something compared to the other 'top 4 contenders'.

I wouldn't go banking on home fixtures at a new stadium. Remember when Arsenal moved into the Emirates? And when West Ham moved into the London Stadium? They both really struggled.

 

[GlastonSpur]

Pochettino on his visit to Spurs' new stadium this week: “I would like to be 20 and be a player that Tottenham offer a contract to because it will be amazing. Again I say to our fans ‘patience’ because it’s going to be the best stadium in Europe.”

 

[Ooh2B]

Pochettino on his visit to Spurs' new stadium this week: “I would like to be 20 and be a player that Tottenham offer a contract to because it will be amazing. Again I say to our fans ‘patience’ because it’s going to be the best stadium in Europe.”

I bet he’d love to be able to actually sign a player or two, but apparently recruitment isn’t on Levy’s to do list

 

[fishfingers15]

If we finish above Spurs this season, I completely expect Glaston to change the goalpost and argue about which team has better stadiums.

 

[Ooh2B]

If we finish above Spurs this season, I completely expect Glaston to change the goalpost and argue about which team has better stadiums.

No question about it, Emirates doesn’t have a cheese room nor a mile long bar, and we’re a couple of thousand seats down on them as well. Have you seen that freakin light show?

But if the conversation turns to history and honours, he might duck out.

 

[Needham]

To help with the debt they could host NFL games.

 

[ClaytonBlackmoorLeftPeg]

Pochettino on his visit to Spurs' new stadium this week: “I would like to be 20 and be a player that Tottenham offer a contract to because it will be amazing. Again I say to our fans ‘patience’ because it’s going to be the best stadium in Europe.”

Alex Ferguson said after he has won dozens of trophies that Phil Jones was the next Duncan Edwards. Managers talk bollocks to big up things that aren’t as big as they really are in order to appease their fans. This is spin, being highly spun - you are aware of that aren’t you?

 

[Giant Midget]

Pochettino on his visit to Spurs' new stadium this week: “I would like to be 20 and be a player that Tottenham offer a contract to because it will be amazing. Again I say to our fans ‘patience’ because it’s going to be the best stadium in Europe.”

What about the players who are in their mid to late 20s. Will they have patience not competing while being underpaid compared to other players of similar talents?

 

[Regulus Arcturus Black]

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.

This is absolutely brilliant. Warned that: "In this instance, we contacted Tottenham Hotspur and advised them to avoid making claims in future advertising that they cannot fulfil; to avoid disappointing customers. We also advised them that if the ad is still appearing to ensure it is removed."

 

[GlastonSpur]

Alex Ferguson said after he has won dozens of trophies that Phil Jones was the next Duncan Edwards. Managers talk bollocks to big up things that aren’t as big as they really are in order to appease their fans. This is spin, being highly spun - you are aware of that aren’t you?

I'll take Pochettino's positivity over Mourinho's throwing-his-players-under-the-bus.

Besides, there's no reason to think that Pochettino isn't genuinely very impressed by the new stadium. All the reports I've seen from people who has been inside all say the same thing, namely that it's truly fantastic.

 

[GlastonSpur]

What about the players who are in their mid to late 20s. Will they have patience not competing while being underpaid compared to other players of similar talents?

Spurs are competing.

Kane is mid-twenties and has just signed a new contract. Ditto Son. Ditto Lamela. Ditto Alli. Any more questions?

 

[GlastonSpur]

If we finish above Spurs this season, I completely expect Glaston to change the goalpost and argue about which team has better stadiums.

I've already said that our stadium will be better.

 

[theyneverlearn]

Tottenham stadium: Spurs granted extension to stay at Wembley

https://www.bbc.co.uk/sport/football/46171505

 

[breakout67]

- Not a single game week in first place since Pochettino arrived
- Not a single trophy won since Pochettino arrived with only 1 league cup final
- Round of 16 is furthest point in Europe
- Spurs are competing

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