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

[JakeRockwell]

We already do pay market rates for wages for the players that we sign - Ndombele being the latest - or else they wouldn't sign with us in the first place. The wages required depend mostly on whether you are trying to sign an established big name star, or else an upcoming prospect that you hope to develop and improve, or someone in the middle of that spectrum.

However, there's no law that requires Spurs to go for established big name stars. And I've been told every summer for years on here that the Spurs model is unsustainable - and yet it continues quite happily, with Spurs remaining competitive.

Our current wages are just 39% of turnover, according to Deloitte. So, and also because our turnover will continue to rise significantly, we could afford to pay a lot more in wages before it even begins to approach 45% of turnover, never mind the 50% that you mention.

Of course, and as with any club, not playing in the CL would make a significant dent in our finances. But the rise in income that will come from our new stadium is a substantial hedge against that possibility.

I believe this is way you get the 'abuse' you get on here. Your posts are filled with not only obviously bias (as you would expect from a supporter) but also half truths. You talk of how your current wages are just 39% of turnover, but the reason for this is due to your increase in turnover as a whole, just 2 seasons ago that percentage was 50%.
You are only beginning to pay the going rate for players and once you do, and sign your top players to new and longer details this percentage will once again be up towards the 50% there. Instead of just constantly going on the aggressive (possibly a bad choice of word) and simply explaining you need to keep out of the constant hyperbole. The significant rise in income is still a projected figure, as with all clubs, but it's the difference compared to the other clubs that is important not just that it is increasing.

Also, using 'the sun' as a source is not going to do you any favours either, it's the equivalent of saying your mate Dave told you.

 

[hellohello]

Spurs will eventually have to start paying market rate for player salaries. Their current model is unsustainable to remain competitive. As that gets closer to 50% of revenue, and debt repayments kick in. Majority of profits evaporate. The moment Spurs fail to qualify for the champions league, the going gets tough.

https://talksport.com/football/478438/top-20-clubs-highest-wage-bill-europe-uefa/

According to this we were the club with the 14th highest wage bill in January.

 

[GlastonSpur]

I believe this is way you get the 'abuse' you get on here. Your posts are filled with not only obviously bias (as you would expect from a supporter) but also half truths. You talk of how your current wages are just 39% of turnover, but the reason for this is due to your increase in turnover as a whole, just 2 seasons ago that percentage was 50%.
You are only beginning to pay the going rate for players and once you do, and sign your top players to new and longer details this percentage will once again be up towards the 50% there. Instead of just constantly going on the aggressive (possibly a bad choice of word) and simply explaining you need to keep out of the constant hyperbole. The significant rise in income is still a projected figure, as with all clubs, but it's the difference compared to the other clubs that is important not just that it is increasing.

Also, using 'the sun' as a source is not going to do you any favours either, it's the equivalent of saying your mate Dave told you.

How is it "a half truth" to say that our wages are 39% of turnover, when they are in fact exactly that according to Deloitte? I wasn't talking about 2 seasons ago, I was talking present tense - here and now. So what I said is the whole truth, not half of it, not hyperbole, but 100% accurate.

Moreover, seeing as our turnover has risen substantially, as you acknowledge, and seeing as it will continue to rise substantially from where it is now, the claim that this 39% is going to rocket up to 50% anytime soon stands on shaky ground …. even if we do start to pay our best players more. And even if it did - so what? We could afford it.

Also, despite your claim we have only recently begun to pay the going rate for players, and as I've already said, we have always paid the going rate - or else the players we've signed would not have signed for us in the first place. The point here, again as I've already said, is that Spurs aren't forced to try and sign big-name, established stars who demand mega wages, just because a handful of other clubs do so.

Yes, the difference with other clubs is important in terms of club income. But here again our income is rising more rapidly than most, which is why it will soon over-take that of Arsenal, with Chelsea next on the horizon after that.

 

[acnumber9]

Cup wins depend a lot on the luck of the draw. The league table doesn't.

Cup runs do involve some luck, of course. But a run that goes all the way to CL final is based on more than just luck. Hence it can't credibly be just conveniently ignored.

Also, we've been playing most of our 'home' games away from our real home. This has a negative effect … one that disappears from now onwards.

So overall I think it's fair to say that Spurs have remained competitive.

They involve a lot of luck I’ve heard. Or does that only apply if you actually win?

Did it get harder to play at Wembley the more Spurs played there or something? That’s the only way you can it as an excuse. Doesn’t bode well for the new stadium if so.

 

[UnrelatedPsuedo]

@GlastonSpur - If you truly believe that Spurs take in £800k in food and drink vs a like for like £150k at The Etihad, you need a role model.

Just think about the basic math there.

Or at least admit you’ll have used some esoteric calculation/number for Spurs and the tiniest possible number you could find for City.

 

[GlastonSpur]

They involve a lot of luck I’ve heard. Or does that only apply if you actually win?

Did it get harder to play at Wembley the more Spurs played there or something? That’s the only way you can it as an excuse. Doesn’t bode well for the new stadium if so.

Only you will know why you're quoting me as saying that cup wins depend a lot on the luck of the draw, when the 2nd quote basically says the same thing … except only a pedant would wish start disputing over "some luck" vs "a lot of luck" … especially when the latter includes the former and concerns winning a cup final as distinct from reaching one. But if you wish to pursue such trivial pedantry further, then knock yourself out, but I can't be bothered.

If you want to engage in wishful thinking that our home record this coming season will not be better than our 'home' record last season, then good luck to you. I'm up for a bet on it if you are.

 

[ClaytonBlackmoorLeftPeg]

@GlastonSpur - If you truly believe that Spurs take in £800k in food and drink vs a like for like £150k at The Etihad, you need a role model.

Just think about the basic math there.

Or at least admit you’ll have used some esoteric calculation/number for Spurs and the tiniest possible number you could find for City.

Assuming 60k people, that’s only £13.30 a person - which is believable (sort of) for the first match or so - where people might have a drink to say they have (or some cheese!!).

But let’s be honest, that’s not going to continue. I don’t think I’ve spent a single penny on food and drink at a football match for at least 20 years. Even if that figure is true it’s going to plummet.

Once it’s no longer a novelty, fans will arrive 5 mins before the match kicks off and leave 5 mins before the end of the match - there will be no time for eating and drinking for the vast majority. The exception being corporate guests.

 

[LilyWhiteSpur]

The whole wages thing pisses me right off, currently we pay pretty well, it’s United who pay over the odds massively. Rashford and Martial get paid more than Salah...... Salah ffs. I see threads on here *why can’t we sell our player* no offence but why the feck do you think? If Eriksen went to Madrid he wouldn’t get much more than we would offer.

 

[GlastonSpur]

@GlastonSpur - If you truly believe that Spurs take in £800k in food and drink vs a like for like £150k at The Etihad, you need a role model.

Just think about the basic math there.

Or at least admit you’ll have used some esoteric calculation/number for Spurs and the tiniest possible number you could find for City.

I'm not sure why you think £800k lacks credibility. There are a huge number of food and drink outlets in the stadium, catering for every taste and price range, and fans can arrive 2 hours before kick off and stay for hours afterwards. The days of a pie and pint, turn up just before kick off and leave straight after don't apply.

62,000 fans, many staying several hours in the stadium, across dozens and dozens of outlets, requires each fan to spend an average of just £12.90 each to hit 800k.

 

[GlastonSpur]

Assuming 60k people, that’s only £13.30 a person - which is believable (sort of) for the first match or so - where people might have a drink to say they have (or some cheese!!).

But let’s be honest, that’s not going to continue. I don’t think I’ve spent a single penny on food and drink at a football match for at least 20 years. Even if that figure is true it’s going to plummet.

Once it’s no longer a novelty, fans will arrive 5 mins before the match kicks off and leave 5 mins before the end of the match - there will be no time for eating and drinking for the vast majority. The exception being corporate guests.

More wishful thinking I'm afraid.

I don't believe you've really understood the scale and variety of facilities in the stadium complex (which means not just inside the stadium itself), some of which were not yet even up and running at the tail end of last season.

 

[UnrelatedPsuedo]

Assuming 60k people, that’s only £13.30 a person - which is believable (sort of) for the first match or so - where people might have a drink to say they have (or some cheese!!).

But let’s be honest, that’s not going to continue. I don’t think I’ve spent a single penny on food and drink at a football match for at least 20 years. Even if that figure is true it’s going to plummet.

Once it’s no longer a novelty, fans will arrive 5 mins before the match kicks off and leave 5 mins before the end of the match - there will be no time for eating and drinking for the vast majority. The exception being corporate guests.

I’m not doubting the £800k figure.

But I GUARANTEE that will be a total calculation of every single £ spent in a vending machine, tuck shop, bar, restaurant, cafe in the entire development. It will be a headline number that uses £’s that aren’t direct revenue.

To the best of my knowledge, Spurs rent space in the same manner as Stamford Bridge. Yet Chelsea don’t include hotel dining or tables at Marcos as part of match day revenue. Principally because that’s stupid.

The restaurant will lease a space for a cost and run a business in there that generates a profit or loss based on success or failure.

The £800k figure won’t be a lie. But anyone with half a brain can see that comparing it with a £150k Etihad value is disingenuous. In Glastons case, it will have been deliberate. (Or if I’m generous, he won’t have given it a thought because the numbers supported his narrative).

 

[GlastonSpur]

The whole wages thing pisses me right off, currently we pay pretty well, it’s United who pay over the odds massively. Rashford and Martial get paid more than Salah...... Salah ffs. I see threads on here *why can’t we sell our player* no offence but why the feck do you think? If Eriksen went to Madrid he wouldn’t get much more than we would offer.

Well said.

Some United fans criticise Spurs wage policy, or endlessly claim it's not sustainable, but look at the mess of United's system.

 

[ClaytonBlackmoorLeftPeg]

The days of a pie and pint, turn up just before kick off and leave straight after don't apply.

I’ve said this before - but that’s just not true. I’m sure you are not a Londoner, but most spurs season ticket holders will be - and I can assure you they won’t be hanging around for hours before and after the match. Getting home at a reasonable hour is far more important!

You might get the day trippers who hang out before a match - but I expect that’s a small minority compared to the no. of season ticket holders.

 

[SquishyMcSquish]

The endless cycle of discussions about our finances are so damn exciting.

 

[GlastonSpur]

I’m not doubting the £800k figure.

But I GUARANTEE that will be a total calculation of every single £ spent in a vending machine, tuck shop, bar, restaurant, cafe in the entire development. It will be a headline number that uses £’s that aren’t direct revenue.

To the best of my knowledge, Spurs rent space in the same manner as Stamford Bridge. Yet Chelsea don’t include hotel dining or tables at Marcos as part of match day revenue. Principally because that’s stupid.

The restaurant will lease a space for a cost and run a business in there that generates a profit or loss based on success or failure.

The £800k figure won’t be a lie. But anyone with half a brain can see that comparing it with a £150k Etihad value is disingenuous. In Glastons case, it will have been deliberate. (Or if I’m generous, he won’t have given it a thought because the numbers supported his narrative).

You don't know what you're talking about. Almost all of the food and drink outlets are run by Spurs, with all of the income going to Spurs.

This is the problem with half the posts in this thread - with some opposition fans spouting off about things they actually know little or nothing about

 

[acnumber9]

Only you will know why you're quoting me as saying that cup wins depend a lot on the luck of the draw, when the 2nd quote basically says the same thing … except only a pedant would wish start disputing over "some luck" vs "a lot of luck" … especially when the latter includes the former and concerns winning a cup final as distinct from reaching one. But if you wish to pursue such trivial pedantry further, then knock yourself out, but I can't be bothered.

If you want to engage in wishful thinking that our home record this coming season will not be better than our 'home' record last season, then good luck to you. I'm up for a bet on it if you are.

It’s not pedantic to point out the difference between some luck and a lot of luck. It’s changed to match what portrays Tottenham better and always will be.

Why would I engage in dick swinging with you when there are hundreds of online bookmakers to make a much simpler bet? It’s a bit early to be making predictions I think.

 

[GlastonSpur]

I’ve said this before - but that’s just not true. I’m sure you are not a Londoner, but most spurs season ticket holders will be - and I can assure you they won’t be hanging around for hours before and after the match. Getting home at a reasonable hour is far more important!

You might get the day trippers who hang out before a match - but I expect that’s a small minority compared to the no. of season ticket holders.

Experience so far has shown this not to be the case. So you're left hoping it's a novelty that will wear off. But I bet it won't.

 

[ClaytonBlackmoorLeftPeg]

Experience so far has shown this not to be the case. So you're left hoping it's a novelty that will wear off. But I bet it won't.

I’m not hoping anything. It matters to you, but not to me in the slightest. Your bias is incredible - I’m just being realistic.

I live and work in London, and I can assure you fans will go just for the football. Your attitude might be slightly different as it looks like you are a day tripper, but you are a minority. Do you really think season ticket holders are suddenly going to start drinking and eating at the stadium 30+ times a year. Not going to happen. It’s like the club shop - I’m sure people will go there the first time they visit, but aren’t going back time and time again. I never visit the club shop at OT.

 

[dumbo]

I'm not sure why you think £800k lacks credibility. There are a huge number of food and drink outlets in the stadium, catering for every taste and price range, and fans can arrive 2 hours before kick off and stay for hours afterwards. The days of a pie and pint, turn up just before kick off and leave straight after don't apply.

62,000 fans, many staying several hours in the stadium, across dozens and dozens of outlets, requires each fan to spend an average of just £12.90 each to hit 800k.

Fecking hell what has football become. I just can't relate to anyone who would celebrate this.

 

[Dec9003]

The whole wages thing pisses me right off, currently we pay pretty well, it’s United who pay over the odds massively. Rashford and Martial get paid more than Salah...... Salah ffs. I see threads on here *why can’t we sell our player* no offence but why the feck do you think? If Eriksen went to Madrid he wouldn’t get much more than we would offer.

You don't know how much Rashford or Martial make though, at least not for certain.

 

[LilyWhiteSpur]

You don't know how much Rashford or Martial make though, at least not for certain.

No but we go with what is reported, it’s not going to be far off the mark.

 

[do.ob]

Player agents can read financial sheets as well, the higher the turnover gets the more you have to pay for the same calibre of player. In that sense it's hard to say how much an increase in turnover will impact squad strength before a new generation of player contracts has been signed.

 

[SalfordRed18]

You don't know what you're talking about. Almost all of the food and drink outlets are run by Spurs, with all of the income going to Spurs.

This is the problem with half the posts in this thread - with some opposition fans spouting off about things they actually know little or nothing about

Got a link for that?

Surely the majority is hospitality companies renting out different units.

 

[LilyWhiteSpur]

Player agents can read financial sheets as well, the higher the turnover gets the more you have to pay for the same calibre of player. In that sense it's hard to say how much an increase in turnover will impact squad strength before a new generation of player contracts has been signed.

This is fiction, City, Liverpool, Madrid and Barca on a whole pay less than United. Obviously the elite players het paid the premium whereever they are.

 

[acnumber9]

This is fiction, City, Liverpool, Madrid and Barca on a whole pay less than United. Obviously the elite players het paid the premium whereever they are.

United are fourth are they not? That also ignores City’s off book payments.

 

[GlastonSpur]

Fecking hell what has football become. I just can't relate to anyone who would celebrate this.

It's not a question of celebrating it. It's a question of discussing the point with posters who claim the figure can't be justified.

And the point itself only arose as a relatively minor example in response to posts that dispute the notion that the new stadium is going to be a significant money spinner for Spurs.

 

[GlastonSpur]

I’m not hoping anything. It matters to you, but not to me in the slightest. Your bias is incredible - I’m just being realistic.

I live and work in London, and I can assure you fans will go just for the football. Your attitude might be slightly different as it looks like you are a day tripper, but you are a minority. Do you really think season ticket holders are suddenly going to start drinking and eating at the stadium 30+ times a year. Not going to happen. It’s like the club shop - I’m sure people will go there the first time they visit, but aren’t going back time and time again. I never visit the club shop at OT.

Well, let's revisit this as the new season wears on and see who is right.

 

[Dec9003]

No but we go with what is reported, it’s not going to be far off the mark.

So you know the reported salary, not neccesarily the real one.
It can be far off the mark, considering at the time of his renewal plenty of different numbers were touted.

 

[ClaytonBlackmoorLeftPeg]

Well, let's revisit this as the new season wears on and see who is right.

Can’t wait.

I’ll let you do the fact checking, as I said I couldn’t care less. If you go missing for a few months, I’ll assume I was right.

 

[do.ob]

This is fiction, City, Liverpool, Madrid and Barca on a whole pay less than United. Obviously the elite players het paid the premium whereever they are.

What are you talking about? I'm saying that wage demands do adjust to a club's turnover. Meaning if Spurs experience a (sustained) increase in turnover then players will also demand higher wages.

United having to "overpay" left and right actually fits nicely into this.

Top players especially basically get x% of your turnover. And then it trickles down from there.

 

[GlastonSpur]

Got a link for that?

Surely the majority is hospitality companies renting out different units.

The food and drink vendors are mostly Spurs' own brands created for the new stadium.

Check out the various names - e.g. The Smashed Olive, The N17 Grill, The Linesman, Naan & Noodle, The Dispensary etc etc. These are not franchised brands that appear elsewhere like Burger King etc.

 

[GlastonSpur]

Can’t wait.

I’ll let you do the fact checking, as I said I couldn’t care less. If you go missing for a few months, I’ll assume I was right.

Well, for someone who couldn't care less you've posted on this sub-topic a fair few times. If you don't post on it again as the new season wears on we can assume you weren't right.

 

[SalfordRed18]

The food and drink vendors are mostly Spurs' own brands created for the new stadium.

Check out the various names - e.g. The Smashed Olive, The N17 Grill, The Linesman, Naan & Noodle, The Dispensary etc etc. These are not franchised brands that appear elsewhere like Burger King etc.

Quick google search suggests youre using contract caterers, https://www.thecaterer.com/articles...drink-line-up-announced-for-new-spurs-stadium

So "all the income going to spurs" isnt entirely accurate.

 

[SalfordRed18]

Im guessing you got your £800k figure from here:

https://www.spurs-web.com/spurs-new...-making-on-food-and-drink-at-the-new-stadium/

who got the figure from here:

https://www.thesun.co.uk/sport/foot...staurants-tottenham-hotspur-stadium/#comments

Assuming that figure is even right to begin with, dubious source, the first comment summed it best. Author needs to learn the difference between turnover and actual profit.

 

[roonster09]

This is fiction, City, Liverpool, Madrid and Barca on a whole pay less than United. Obviously the elite players het paid the premium whereever they are.

You have do little more research on that. Madrid and Barca pays shot loads of money, City wages are always dubious as showed by football leaks.

 

[roonster09]

No but we go with what is reported, it’s not going to be far off the mark.

No you can do bit of search and come to logical conclusion too. Check how much Salah was paid at Roma and after that he signed 2 contracts at Liverpool. You go by what's reported but then 2 contracts are not reported same. One is reported with all possible bonus and other is just base salary and few bonuses.

 

[ClaytonBlackmoorLeftPeg]

Well, for someone who couldn't care less you've posted on this sub-topic a fair few times. If you don't post on it again as the new season wears on we can assume you weren't right.

No you can’t.

Your the one that goes missing when your wrong, or spurs are in bad form. Your just a wind up merchant, which you clearly know.

This thread could actually be interesting, but you use it to try and boast about things, and you get called out because a large proportion of what you post is quite frankly propaganda.

What I can assure you of is that I am not going to start tracking metrics like food and alcohol spend across PL clubs in the hope that my team comes top or that I can prove a point on a forum.

 

[mitchmouse]

is everyone calling this the Tottenham Hotspur stadium now? feck that

 

[GlastonSpur]

Quick google search suggests youre using contract caterers, https://www.thecaterer.com/articles...drink-line-up-announced-for-new-spurs-stadium

So "all the income going to spurs" isnt entirely accurate.

Of course we're paying to have people work in the food and drink outlets - did you imagine this would come for free? The point is that income goes to Spurs - and from that we pay out the running costs.

 

[GlastonSpur]

No you can’t.

Your the one that goes missing when your wrong, or spurs are in bad form. Your just a wind up merchant, which you clearly know.

This thread could actually be interesting, but you use it to try and boast about things, and you get called out because a large proportion of what you post is quite frankly propaganda.

What I can assure you of is that I am not going to start tracking metrics like food and alcohol spend across PL clubs in the hope that my team comes top or that I can prove a point on a forum.

As in - for example - I go to India for a month. Translation: I've gone missing (never mind that Spurs actually did quite well during that time, as far as I recall). Or, I occasionally don't comment on a Spurs loss for a day or two. Translation: I've gone missing (never mind that I sometimes do the same when Spurs win, or don't comment on it at all). However, my availability or comment is not at the beck and call of you or anyone else.

Propaganda? Actually what mostly happens is that I post information, or reported information - e.g. about a rugby union game to be staged at the stadium - and then various oppo fans wade in with a bunch of ill-informed criticisms or predictions of doom, very often stuff that has little or nothing to do with what I originally posted. But you translate such information as "propaganda" - but saying that world is round is not "propaganda", except to wild-eyed nutters.

And if I respond to the criticisms with reasoned arguments and/or facts. This is discussion.

Spurs fans are rightly very pleased with our new stadium, and have every reason to celebrate and discuss both its various features and further developments concerning it in this thread. Some oppo fans don't like this - I get it. But then no-one is asking them to like it, or pass comment unless they want to.

Food and alcohol spend? Again, I simply post a report about this concerning mainly Spurs stadium. Your translation: I'm "tracking food and alcohol spend across PL clubs."

If you don't find a report about food and drink sales interesting - in the context of possible new trends concerning stadium design and strategy - then don't fecking comment on it. But no, you both claim it's not interesting and also then also repeatedly dispute that such a trend will sustain at our stadium.