- Joined
- Aug 28, 2018
- Messages
- 694
It’s like celebrating having high season ticket prices.Fecking hell what has football become. I just can't relate to anyone who would celebrate this.
It’s like celebrating having high season ticket prices.Fecking hell what has football become. I just can't relate to anyone who would celebrate this.
You're trying to put a spin on it, but you're no paying just the people though. Through your partnership, brings in all your food and drink outlets. You've essentially hired this company to sort it all out for you. As such all the income does not go to spurs.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.
The income does go to Spurs - and from that we pay out the costs involved, including payments to outside contractors.You're trying to put a spin on it, but you're no paying just the people though. Through your partnership, brings in all your food and drink outlets. You've essentially hired this company to sort it all out for you. As such all the income does not go to spurs.
Also, any comments on your £800k figure quoted from the sun?
I’m calling it White Hart Lane. It’s literally 200m from the tube station anyway.is everyone calling this the Tottenham Hotspur stadium now? feck that
It’s still the Lane for me too.I’m calling it White Hart Lane. It’s literally 200m from the tube station anyway.
Haven't they renamed the tube station too??I’m calling it White Hart Lane. It’s literally 200m from the tube station anyway.
Careful, you are hurting Levy’s business plansIt’s still the Lane for me too.
I'd guess that Levy has deliberately avoided referencing White Hart Lane because any buyer of naming rights will want the maximum distance from previous name-associations.
Leave our bald leader out of this .Careful, you are hurting Levy’s business plans
I don't doubt what your saying here but from what I know, Levy UK are the main partners for your food and beverages, they also provide for several other football teams including Chelsea.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.
Yeah, like Tottenham Hotspur.I'd guess that Levy has deliberately avoided referencing White Hart Lane because any buyer of naming rights will want the maximum distance from previous name-associations.
The Visa Stadium would be nice, catchy and fecking loaded .Yeah, like Tottenham Hotspur.
Wouldn’t surprise me if you get an NFL sponsor merely interested in growing their UK market share.
Yes, we use some outside contractors - I've not said that everyone working in the various food and drink outlets is an employee of Spurs. But paying a contract fee to such contractors for services provided makes no difference - the vendor brands mostly belong to Spurs, the sales income comes to Spurs, out of which we pay the costs involved, including fees to Levy UK.I don't doubt what your saying here but from what I know, Levy UK are the main partners for your food and beverages, they also provide for several other football teams including Chelsea.
They treat Spurs as a Client, which in essence suggests they are asking for money from Spurs.
As I say, I could be wrong....but I know I'm not.
Do you have a source for this? Because it seems way more likely that Spurs will be reimbursed by a licensing fee, that may or may not be dependent on turnover as one criteria. How are the contractors going to make profit if they just get their costs reimbursed? Sounds like you made up your own business model tbh.Yes, we use some outside contractors - I've not said that everyone working in the various food and drink outlets is an employee of Spurs. But paying a contract fee to such contractors for services provided makes no difference - the vendor brands mostly belong to Spurs, the sales income comes to Spurs, out of which we pay the costs involved, including fees to Levy UK.
You are not.I don't doubt what your saying here but from what I know, Levy UK are the main partners for your food and beverages, they also provide for several other football teams including Chelsea.
They treat Spurs as a Client, which in essence suggests they are asking for money from Spurs.
As I say, I could be wrong....but I know I'm not.
Because common sense tells you that they won't be offering their services at just cost price - they will be priced so that they can make a profit. They make a profit, Spurs benefit from their specialist skills and services, and Spurs benefit from the profit they make from food and drink sales once all costs have been subtracted.Do you have a source for this? Because it seems way more likely that Spurs will be reimbursed by a licensing fee, that may or may not be dependent on turnover as one criteria. How are the contractors going to make profit if they just get their costs reimbursed? Sounds like you made up your own business model tbh.
No different … except you marry someone new more or less every week, invite 62,000 guests to attend each one, make them buy a ticket for the privilege and then make them pay for all of the food and drink they consume, out of which money you pay the caterers.Just googled it, seems like Spurs pay Levy UK £50m to be their caterer for 10 years.
It’s no different from hiring a caterer to your wedding and asking your guests to chip in a tenner for the food.
He lives his life for anything and all things Spurs. He's a fanatic. He makes approximately 100 posts a month so inevitably some of them will be about the stadium. That how people roll here. If Utd had just completed a new stadium this forum would have umpteen threads dissecting how the new seats fit their backsides with such comfort or how they seem to firm up when ever they go to the new urinals.You are really fascinated by this stadium. Its new stadium, and its nice, as all new stadiums should be, but i just dont get why you in love so much with it.
That's approximately 3 months solid posting!
Maybe we should have a separate forum just for Tottenham or Glaston related threads.
That’s what happens when you don’t win trophies. The stadium is like a nice shiny trophy with catering since you don’t need a trophy room.You are really fascinated by this stadium. Its new stadium, and its nice, as all new stadiums should be, but i just dont get why you in love so much with it.
To be fair it is a pretty spectacular new stadium and stands leagues above the plastic mechano new stadia we've seen thrown up in the last decade in this country.You are really fascinated by this stadium. Its new stadium, and its nice, as all new stadiums should be, but i just dont get why you in love so much with it.
I know absolutely nothing in finance but why do these deals always start with a very optimistic window to pay it back, only for them to be refinanced and rearranged a year later ?https://theathletic.com/1140866/201...for-tottenham-as-they-refinance-400m-of-debt/
So they borrowed £637 million can see why they were quiet for 18months in the transfer market
I think think its quite impressive that we only borrowed that much to be honest considering it cost close to £1B for the entire project.https://theathletic.com/1140866/201...for-tottenham-as-they-refinance-400m-of-debt/
So they borrowed £637 million can see why they were quiet for 18months in the transfer market
It's simply to get the cash in and the work started, refinancing was always going to happen. Nothing new on naming rights.I know absolutely nothing in finance but why do these deals always start with a very optimistic window to pay it back, only for them to be refinanced and rearranged a year later ?
Any news on the naming ?
Yes. 10 months ago the club said "... we shall be converting this development facility, which currently expires in April 2022, into notes with a mixture of debt maturities."I think think its quite impressive that we only borrowed that much to be honest considering it cost close to £1B for the entire project.
It's simply to get the cash in and the work started, refinancing was always going to happen. Nothing new on naming rights.
Considering what the FA paid for Wembley in the 2000’sI think think its quite impressive that we only borrowed that much to be honest considering it cost close to £1B for the entire project.
What do you mean? They are in 2 completely different locations.Considering what the FA paid for Wembley in the 2000’s
Don't you find this weird ? Would you not be able to work out better interest rates if the "bank" knew that Nike or someone else is going to put forward xM per year ?It's simply to get the cash in and the work started, refinancing was always going to happen. Nothing new on naming rights.
No way in hell that's relaxing my friend.And for those of you who aren't interested here is a nice relaxing photo.
I doubt it. We're already likely to get the lowest possible interest rates by moving (via the Bank of America) to convert - through a private placement scheme - around £400 million of the debt into bonds with staggered maturities ranging between 15 and 30 years and offered to US investors.Don't you find this weird ? Would you not be able to work out better interest rates if the "bank" knew that Nike or someone else is going to put forward xM per year ?
I meant that it’s not bad considering 15+ years before the FA had a massive bill for a stadium that isn’t as nice. And for a similar overall cost (if you take into consideration inflation then it highlights that you’ve got a great deal!)What do you mean? They are in 2 completely different locations.
Apologies, yeah I agree.I meant that it’s not bad considering 15+ years before the FA had a massive bill for a stadium that isn’t as nice. And for a similar overall cost (if you take into consideration inflation then it highlights that you’ve got a great deal!)
I don't know the specifics of Spurs' financing arrangements, but it's fairly standard for large construction loans to be short term with a higher interest rate, and then re-financed at a lower rate once construction is complete. When you re-finance you no longer have to price in the construction risk (you saw some of those risks bear out in the stadium delays) and you have more secure/immediate revenue flows from the completed stadium. Lower risk equals lower/better interest rate.I know absolutely nothing in finance but why do these deals always start with a very optimistic window to pay it back, only for them to be refinanced and rearranged a year later ?
Any news on the naming ?
Fair enough but still isn't it weird, i couldnt find another example of a recent venue opening without selling the naming rights before it evens opens or at least at the opening.I doubt it. We're already likely to get the lowest possible interest rates by moving (via the Bank of America) to convert - through a private placement scheme - around £400 million of the debt into bonds with staggered maturities ranging between 15 and 30 years and offered to US investors.
According to The Athletic:
"The move … takes advantage of low interest rates in the US .... Such private placements are typically available to borrowers of a higher credit quality, and so both Tottenham and Manchester United benefited from having an investment grade rating. That has allowed them to borrow over a longer period of time, and at lower interest rates. In contrast, Italian sides Inter Milan and Roma have recently had to issue high yield bonds instead, with shorter maturities."
Perhaps there are no other examples. I don't know because I've not looked into it.Fair enough but still isn't it weird, i couldnt find another example of a recent venue opening without selling the naming rights before it evens opens or at least at the opening.
The closest seems to be the Mercedes Superdome when it was damaged by storm Katrina and years later Mercedes bought the rights after the renovation.