GlastonSpur
Also disliked on an Aston Villa forum
- Joined
- Feb 4, 2007
- Messages
- 17,716
- Supports
- Spurs
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.