Financial Results - club announcement

[Metalhead]

I guess those investment talks went nowhere then.

It's hard to know for sure. Even a minority investment could take more than a few weeks to materialise.

 

[degoose]

The latter. Sustainability is a joke. The PL is the plaything of billionaires, investment consortiums and sovereign wealth funds. Levy is either dreaming or selling us a lie.

ok so you are one of them. Is this the general consensous of the Enic out people. Sell ourselves out so we can join in with the other shitty clubs that have already done it.

Pretty shallow.

 

[BehindEnemyLines]

Have we really lost 6 cup finals? I hadn't realised.........but things would look a lot rosier if we'd even won a couple of those finals!

 

[Mattspur]

Did you vote in the poll?

Of course ?

 

[cliff jones]

This is so true and often overlooked. In '81 we were twice only minutes away from being beaten by City, who back then were bang average at best. It took a massively fluey own goal to save the first game and then an absolute worldie to win the second. The following year we played out two fairly turgid games against a team from the second tier and won it with a penalty. '91 was an extra-time own goal when our star player had hit the self destruct button in the opening minutes. In between, the UEFA was won on pens after two legs and extra time. '99 League cup was won, as mentioned, with a 90th minute winner and then '08 was another extra time victory. We could easily be in a stretch of being without a trophy since the 70s.

We deserved to win all those finals, after replays, even marginally. I was at all of them, and look back at the occasions as among the best days of my life. You’re being selective, too.
For example, Ricky’s was a worldie, what about MacKenzie’s? Rangers parked the bus twice. Do you know how many games more or less the same XI had to play that season?

Presumably you were around then, but I can’t say I often read another fan from the same generation dumbing down those triumphs to prove a point on the internet. Let alone in a financial results thread.

Coys

 

[Scott Spur]

Yep, it was almost instant. I said as much earlier. And although expected, it's strange, i've found it wierd for a while now. It's almost universally agreed (or it ought to be) that he's great at the money side but he's also either incompetent or has been negligent at the football side of things yet people still talk and argue the toss about the finances, FFP, net spend and all the other stuff. But the actual issue that made the worm turn simply cannot be argued against, he's overseen such a decline that almost 85% of fans want him removed and that doesn't happen for no reason. People shouldn't be unhappy at the state of the club away from the pitch, fucking hell, it's so obvious where his fault lays.

It's deflection. And people fall for it.

We could be the most profitable club in the world, have the biggest this, the most of that and the bloke in charge is at best waiting for FFP to worm it's way into our favour and we spend most of our lives and invest our emotions and our hopes supporting a club run by a bloke who's not up to that side of the gig.

But hey, go try to win an impossible to win argument about FFP or whatnot

Rumour has it we are favourites for the 2025 FFP Cup ??

 

[danielneeds]

ok so you are one of them. Is this the general consensous of the Enic out people. Sell ourselves out so we can join in with the other shitty clubs that have already done it.

Pretty shallow.

It’s just the truth of it, though. Football as an industry is completely corrupt and awash with money from all sorts of areas of the wider financial market. If Levy really thinks there is going to be some sort of sustainability I can’t believe how naive he is.

 

[Albertbarich]

It’s just the truth of it, though. Football as an industry is completely corrupt and awash with money from all sorts of areas of the wider financial market. If Levy really thinks there is going to be some sort of sustainability I can’t believe how naive he is.

Yeah I'm torn on the FFP stuff.

On one hand he is right, certain clubs are destroying the market, it's not sustainable because at one point their owners will either get bored or the sheer corruption will put enough people off to hurt the product to the point that the TV money starts going south etc..

On the other hand though this is the world we live in. He himself is mates with the Qataris who are doing loads of damage to the European market and their right at the very top of UEFA, this isn't going anywhere and whilst yeah it's frustrating we have to work with what we can. You can't accept all the luxury of the premier League which has given you all the money to enable you to build all this stuff and then refuse to accept the stuff you don't like.

We have to get on with it and yeah fight it at boardroom level but don't let it be used as an excuse

 

[Stamford]

Regarding the thought of Levy banking on FFP bringing everyone else’s house in order, it sounds like a fair and reasonable strategic plan.

It sounds like an insane plan to me. It's highly likely that man utd and Liverpool will be bought out by wealthy owners in no time and more clubs will follow. The idea that this league will be sustainable and we'll be at the forefront of that with our sold out Beyonce concerts seems pretty laughable

 

[BehindEnemyLines]

It sounds like an insane plan to me. It's highly likely that man utd and Liverpool will be bought out by wealthy owners in no time and more clubs will follow. The idea that this league will be sustainable and we'll be at the forefront of that with our sold out Beyonce concerts seems pretty laughable

It sounds laughable on the basis of the existing status quo........I suspect those rich owners may dry up pretty quickly if they throw the book at City. I just can't see them throwing the book at City though.

 

[Styopa]

It sounds like an insane plan to me. It's highly likely that man utd and Liverpool will be bought out by wealthy owners in no time and more clubs will follow. The idea that this league will be sustainable and we'll be at the forefront of that with our sold out Beyonce concerts seems pretty laughable

I agree. Although it depends how we are defining sustainability and what being at the forefront of that means.

As things stand the new stadium is proving extremely lucrative. I imagine it will continue to be highly lucrative especially if we maintain our status within the top six. And outside of a football context it will probably remain highly lucrative irrespective of whether we are in the top six or not.

In other words, we don’t necessarily need to be able to regularly compete with the teams winning trophies for this to be a ‘sustainable’ project for ENIC.

 

[Stamford]

I agree. Although it depends how we are defining sustainability and what being at the forefront of that means.

As things stand the new stadium is proving extremely lucrative. I imagine it will continue to be highly lucrative especially if we maintain our status within the top six. And outside of a football context it will probably remain highly lucrative irrespective of whether we are in the top six or not.

In other words, we don’t necessarily need to be able to regularly compete with the teams winning trophies for this to be a ‘sustainable’ project for ENIC.

The stadium is great but at some point Arsenal and probably United will do the same with their stadiums. The world class infrastructure wont be the best in the world forever.

My main reading of all of these financial results is why are the wages to turnover so low. Thats the biggest problem for me and why we always fall slightly short in all of previous cup semi finals etc. We have to increase that to match the other clubs - no excuses.

 

[JW72]

We deserved to win all those finals, after replays, even marginally. I was at all of them, and look back at the occasions as among the best days of my life. You’re being selective, too.
For example, Ricky’s was a worldie, what about MacKenzie’s? Rangers parked the bus twice. Do you know how many games more or less the same XI had to play that season?

Presumably you were around then, but I can’t say I often read another fan from the same generation dumbing down those triumphs to prove a point on the internet. Let alone in a financial results thread.

Coys

Oh I take your point absolutely - and to be clear I wasn’t for a second intending to ‘dumb down’ those victories. Of course they were hard won and, in 81 particularly, won with a moment of spine-tingling glory that cemented the legacy of the 60s. Ricky Villa is the reason I’m a spurs fan. I was as ecstatic that day as i was inconsolable when our magnificent 87 team somehow managed to lose a final to Coventry. What I was trying to point out, perhaps a little too dispassionately, was that all these games were decided by fine margins - mistakes, tactical changes, flashes of brilliance. Yes Mackenzies volley was superb, city played very well and yes they most likely consider themselves unlucky in both games but ultimately we had the final say. None of these individual results had anything to do with the board or how the club was run or financed. They were about how those matches were played on the day. I was trying to balance (here and in posts elsewhere) the suggestion made in this thread that as a club we were somehow better set up to win trophies in the 80s than we are now.

 

[rossdapep]

It’s just the truth of it, though. Football as an industry is completely corrupt and awash with money from all sorts of areas of the wider financial market. If Levy really thinks there is going to be some sort of sustainability I can’t believe how naive he is.

He keeps getting it wrong too.

Im sure when he made those sustainbilty comments he meant in the event of a global economic crash or with FFP rules.

Well we had the pandemic which caused a minor hiccup for the bigger teams (not for European ones) and FFP hasnt really deterred clubs who have found a way around it.

The same will happen again. Clubs will find a way around it, whilst Daniel sits there reminding us of the hardships and why we shouldnt risk.

Anyway, a lot of that is deflection. Because the main gripe most have with him isn't spending, its a lack of a plan, a scattergun recruitment process and opting for cheap punts instead of just getting the number 1 target.

By getting the number 1 target you are less likely to dip in again, and more likely to are the upturn on the pitch.

Yes, some transfers do go wrong. But of your coach is saying a specific player is vital for his team amd you want to back that coach, then see it through.

 

[brasil_spur]

How much do people really think a concert or an NFL game pulls in?

At most across a 12 month period for these extra events your probably talking about £25/30m generated??

That would equate to an Yves Bissouma not a Bastoni.

It’s £2-3m in food and beverage for these types of events, including hospitality elements. I would imagine it’s another £1-2m for the venue charge. So probably around £5m per event IMO. There’s what 15 or so of these a year so potentially £75m. Even being conservative I would say it’s at least £50m a year.

 

[cliff jones]

Oh I take your point absolutely - and to be clear I wasn’t for a second intending to ‘dumb down’ those victories. Of course they were hard won and, in 81 particularly, won with a moment of spine-tingling glory that cemented the legacy of the 60s. Ricky Villa is the reason I’m a spurs fan. I was as ecstatic that day as i was inconsolable when our magnificent 87 team somehow managed to lose a final to Coventry. What I was trying to point out, perhaps a little too dispassionately, was that all these games were decided by fine margins - mistakes, tactical changes, flashes of brilliance. Yes Mackenzies volley was superb, city played very well and yes they most likely consider themselves unlucky in both games but ultimately we had the final say. None of these individual results had anything to do with the board or how the club was run or financed. They were about how those matches were played on the day. I was trying to balance (here and in posts elsewhere) the suggestion made in this thread that as a club we were somehow better set up to win trophies in the 80s than we are now.

I don’t think we gain anything comparing eras in this way- set up’s are completely different these days.

Anyway, there’s a game in a few mins, let’s hope we enjoy it…



Anyway,

 

[Neon_Knight_]

And while we're at it, I guess we shouldn't ever have a poll again unless we can get everyone who's registered on SC to vote in it. But this is just obvious now, so i'm out, it's not a game I can be arsed to play.

Or maybe no-one should use an SC poll result to make a sweeping statement that assumes it's representative of all Spurs fans, when the response rate wasn't even high enough to be statistically representative of SC - let alone the wider fanbase.

If your comment that Levy has "overseen such a decline that almost 85% of fans want him removed" had been worded slightly less matter-of-factly, there probably wouldn't have been push-back on it.

For the record, I only come across as pro-ENIC because the nature of the anti-ENIC rhetoric here often had a tendency to make anyone who's fairly neutral seem (this is a general observation, not specific to you btw). I see a lot of posts that are essentially saying "if we ignore everything positive about the ENIC tenure, it has been a disaster" or "we should be outspending Man City & Chelsea"...but without the poster seeming to realise how unreasonable they're being. Therefore, I call it out. I would do the same if there was a barrage of posts inferring that footballing performance is irrelevant because we have world-class infrastructure projects (anyone mentioning this tends to be discussing it as a building block, not the end goal).

Had your poll had an option for "the jury's out until we've had a few full seasons of stadium revenue" or "the jury's out until we know whether Conte & Kane sign new contracts", that would have been my choice instead of "ENIC In".

 

[Archibald&Crooks]

Or maybe no-one should use an SC poll result to make a sweeping statement that assumes it's representative of all Spurs fans, when the response rate wasn't even high enough to be statistically representative of SC - let alone the wider fanbase.

If your comment that Levy has "overseen such a decline that almost 85% of fans want him removed" had been worded slightly less matter-of-factly, there probably wouldn't have been push-back on it.

Or maybe read any one of several subsequent posts, (one of which actually provoked the response) where I make it very clear what I actually meant. Or the ones afterwards where I explained it to no avail. As if it wasn't obvious to anyone with an ounce of sense anyway. I'd hardly be referring to all Spurs fans when talking about a poll run on SC. But ounces of sense are in fucking short supply around here sometimes.

But this is all really a waste of time. 80-odd % of SC wanted them out. All the efforts to muddy that are just so obviously weak.

 

[SirNiNyHotspur]

Looking at these results Tottenham getting quite creative to turn a positive into a negative with property depreciation, player amortization etc same potential issues for all teams, some teams use the books to figure ways to spend more on the team, one team figures out ways to spend less…

If Chelsea can spend 600m+ without a game changing new stadium, yet we continue to look for loanees, opportunistic yellow pack signings and still can’t afford one quality CB, it tells me something seriously stinks on both ends of the spectrum…

Best stadium. In the world, top ten richest but all I see this season is a mid-table team not looking any closer to adding to that great trophy haul last 23 years, instead just more excuses for failure trumpeted from the top and echoed by the loyal minions….

 

[RELISYS]

Looking at these results Tottenham getting quite creative to turn a positive into a negative with property depreciation, player amortization etc same potential issues for all teams, some teams use the books to figure ways to spend more on the team, one team figures out ways to spend less…

If Chelsea can spend 600m+ without a game changing new stadium, yet we continue to look for loanees, opportunistic yellow pack signings and still can’t afford one quality CB, it tells me something seriously stinks on both ends of the spectrum…

Best stadium. In the world, top ten richest but all I see this season is a mid-table team not looking any closer to adding to that great trophy haul last 23 years, instead just more excuses for failure trumpeted from the top and echoed by the loyal minions….

You must have been really disappointed that the Club didn't post the huge Profits you thought they would to come out with this nonsense.

Company that only cares about Profits gets creative with accounts to show third massive loss in three successive years. Then injects £150 Million of its own money to balance the book to keep up the pretense. It really does not make sense does it, especially when we owe so much to the banks. If they think we have become financially unstable they will just step in and recall their loan. Do you really think the Club has deliberately tried to show a loss?

It was obvious the Club was in short time financial trouble, ENIC are not going the inject their own money unless it was absolutely necessary. We lost £197 Million during those three seasons and yet still spent £355 Million on Players without sales.

And yet despite those things there was still a willingness to try an improve the first team, even if we are using more loan to buy options due to the Clubs current financial position and yet you want to use that as a stick to beat ENIC with. It's not just the quality of the players we are bringing in any more that is being used as a stick to beat the Club with, they now need to be obtained in a particular way now that recruitment has improved.