You don't.Not sure you would depreciate fixed assets quite like that.
You don't.Not sure you would depreciate fixed assets quite like that.
The amortisation of players that are on loan, 'cos nobody wants them and they're value has tanked...The loss is merely down to depreciation of the building projects that we have capitalised and amortisation of players. The important number really is EBITDA
Not sure you would depreciate fixed assets quite like that.
It's there in black and white in the accounts....You don't.
That’s not the bit I’m questioning. You’ve just picked a 20 year straight line depreciation period because it makes the sums work.It's there in black and white in the accounts....
'Depreciation on property, plant and equipment: ~£72m (and also ~72m the year before)
That’s not the bit I’m questioning. You’ve just picked a 20 year straight line depreciation period because it makes the sums work.
In the uk, we don’t depreciate land at all, and buildings would only be depreciated if they had a limited life, less than 60 years, I think. That’s because we are expected to keep a building in good repair.
The £72M is much more likely to be related to stuff like IT systems, the big screens, the pitches etc , all depreciated over different, much shorter periods.
"Freehold land is never a depreciating asset, but a building on it may be, if it has a life expectancy of less than 60 years. This includes buildings with planning permission or attached legal obligations that limit its expected life to under 60 years"View attachment 124257
£45m Land and buildings
I guess they might be arguing that the stadium has a lifespan of less than 60 years? Sounds a bit mad at first but if you think about it the old WHL was pretty much completely rebuilt in the 80s/90s and has since been demolished. Old Trafford was heavily rebuilt in the 1990s but now needs serious work. Arsenal spent quite a lot of money on Highbury in the 1990s then knocked the place down. Stamford Bridge was rebuilt on 3 sides in the 1990s and refurbished on the 4th side, but they were talking about knocking it down and starting again. The old Wembley lasted 80 years before being demolished, but that included some reasonably big upgrades and it was pretty much universally agreed that the place was well past its sell-by-date by the time it was replaced."Freehold land is never a depreciating asset, but a building on it may be, if it has a life expectancy of less than 60 years. This includes buildings with planning permission or attached legal obligations that limit its expected life to under 60 years"
Maybe we'll get chucked off the site in 60 years? Or there's significant impairment, rather than depreciation?
That’s a hell of a lot of depreciation for such things. Also interesting that it went from £10m in 2018, to £25m in 2019 to £71m in 2020 and remained constant since then in 2021 and 2022.That’s not the bit I’m questioning. You’ve just picked a 20 year straight line depreciation period because it makes the sums work.
In the uk, we don’t depreciate land at all, and buildings would only be depreciated if they had a limited life, less than 60 years, I think. That’s because we are expected to keep a building in good repair.
The £72M is much more likely to be related to stuff like IT systems, the big screens, the pitches etc , all depreciated over different, much shorter periods.
I'm sure it's all smoke and mirrors to avoid paying taxThat’s a hell of a lot of depreciation for such things. Also interesting that it went from £10m in 2018, to £25m in 2019 to £71m in 2020 and remained constant since then in 2021 and 2022.
I checked the accounts and in the last two set of accounts we depreciated land and buildings by £45m and plant and equipment by £25m. The equivalent numbers in the 2019 accounts were £465k and £6m.
It doesn't quite work like that... but as I said a few posts ago the best number to look at tends to be EBITDA.I'm sure it's all smoke and mirrors to avoid paying tax
"Freehold land is never a depreciating asset, but a building on it may be, if it has a life expectancy of less than 60 years. This includes buildings with planning permission or attached legal obligations that limit its expected life to under 60 years"
Maybe we'll get chucked off the site in 60 years? Or there's significant impairment, rather than depreciation?
Turning up the volume at the Brentford game can't have come cheap...Loads of interesting financials in this article, did you ever want to know what the electric bill is at the stadium , probably doubled since 2022
Tottenham Hotspur Total Expenditure And Income Analysis And Data - Inside Investigation - The Sports Journal
Listen to this Article (Audio) Tottenham Hotspur Total Expenditure vs Revenue 2022 Revenue Expenditure Net Total Debt £326.16m £339.24m -£13.08m £706m Source: FIFA, UEFA, England FA, Ofgem, HMRC, Sponsorlytix Source: FIFA, UEFA, England FA, Ofgem, HMRC, Sponsorlytix Total Expenditure |...sportsjournal.io
Loads of interesting financials in this article, did you ever want to know what the electric bill is at the stadium , probably doubled since 2022
Tottenham Hotspur Total Expenditure And Income Analysis And Data - Inside Investigation - The Sports Journal
Listen to this Article (Audio) Tottenham Hotspur Total Expenditure vs Revenue 2022 Revenue Expenditure Net Total Debt £326.16m £339.24m -£13.08m £706m Source: FIFA, UEFA, England FA, Ofgem, HMRC, Sponsorlytix Source: FIFA, UEFA, England FA, Ofgem, HMRC, Sponsorlytix Total Expenditure |...sportsjournal.io
Think you have to take all these websites with a pinch of salt, Kane & Son probably near the mark but the younger players not so sure, Gil & Sarr this website gives different figures.i've only looked at the wages bit - are these caste iron figures? Gil on £80k a week and Sarr and Spence on £65k - no wonder we won the race for these young players, that did shock me.
Also think Emmerson and Skipp needs a raise ! No other surprises although Kulu already on £110k again seems to show how we've enticed these promising youngsters under Paratici , definitely not Levyesque figures for such young,fairly untested players (Sess a pre Paratici signing, PL experience yet 'only' £57k)
https://capology.com/club/tottenham/salaries/ also one of the most reliable sources. They even mention where they an inside scoop and where they use their data model to guess a possible salary.Think you have to take all these websites with a pinch of salt, Kane & Son probably near the mark but the younger players not so sure, Gil & Sarr this website gives different figures.
2023-24 Tottenham Hotspur F.C. Payroll Table
An updated look at the Tottenham Hotspur F.C. 2023-24 payroll table, including team totals, retained figures, and complete breakdowns of player salaries, and bonuses.www.spotrac.com
I should think Capology are nearer the mark on the likes of Sarr. What I find quite funny with all the talk of moneybags Newcastle , according to Capology we pay more in wageshttps://capology.com/club/tottenham/salaries/ also one of the most reliable sources. They even mention where they an inside scoop and where they use their data model to guess a possible salary.
Why do you find it funny? Newcastle are literally only just starting out on their spending journey, and they have to do it carefully for ffp reasons. Year on year they'll increase their spend on players and wages there is little doubt on that.I should think Capology are nearer the mark on the likes of Sarr. What I find quite funny with all the talk of moneybags Newcastle , according to Capology we pay more in wages