we're also building stuff at the training ground so that £288m will be more than just the stad.
comment by HRH King Ledley (U20095)
posted 22 hours, 23 minutes ago
Interesting things for me:
Net investment for fixed assets is now 288m. I assume that is money spent on the new ground - purchases, work so far etc - and is deducted from the 750m total.
We have gone from being 20m in debt to having 50m in the bank in the last 2 years. That is another big chunk towards the stadium. What is does show is we are able to squirrel away 35m a season now - despite the stadium spending -and still compete. Most of the extra revenue from the stadium should be available to spend I guess. Wages.
With those two things in mind, we could be looking at 400m remaining for the build. With a decent sponsorship deal we could be looking at a very manageable debt
----------------------------------------------------------------------
There were plenty of reports yesterday stating that Spurs have secured £350m in loans for the new stadium so one would have to assume that there will be some sort of repayment schedule.
This may (or may not) leave you in a similar situation Arsenal found themselves in when they finished building the Emirates.
The fact that the loan is through investment banks means there will be interest payable and although we don't know the actual figures, we can guestimate that the club will have to pay at least £400m back.
http://www.thetimes.co.uk/article/spurs-seal-350m-stadium-loan-kzrjc0t8m
comment by sᴉɥƃuǝlפ (U19365)
posted 48 minutes ago
comment by HRH King Ledley (U20095)
posted 22 hours, 23 minutes ago
Interesting things for me:
Net investment for fixed assets is now 288m. I assume that is money spent on the new ground - purchases, work so far etc - and is deducted from the 750m total.
We have gone from being 20m in debt to having 50m in the bank in the last 2 years. That is another big chunk towards the stadium. What is does show is we are able to squirrel away 35m a season now - despite the stadium spending -and still compete. Most of the extra revenue from the stadium should be available to spend I guess. Wages.
With those two things in mind, we could be looking at 400m remaining for the build. With a decent sponsorship deal we could be looking at a very manageable debt
----------------------------------------------------------------------
There were plenty of reports yesterday stating that Spurs have secured £350m in loans for the new stadium so one would have to assume that there will be some sort of repayment schedule.
This may (or may not) leave you in a similar situation Arsenal found themselves in when they finished building the Emirates.
The fact that the loan is through investment banks means there will be interest payable and although we don't know the actual figures, we can guestimate that the club will have to pay at least £400m back.
http://www.thetimes.co.uk/article/spurs-seal-350m-stadium-loan-kzrjc0t8m
----------------------------------------------------------------------
Yeah, the figures sort of marry up.
I assume any sponsorship deal would come off of the 350m loan, once the deal is secured
comment by Devonshirespur (U6316)
posted 3 hours, 2 minutes ago
we're also building stuff at the training ground so that £288m will be more than just the stad.
----------------------------------------------------------------------
Do you know if that figure includes players as assets. Had a quick look yesterday but not entirely clear
comment by HRH King Ledley (U20095)
posted 2 days, 14 hours ago
comment by Devonshirespur (U6316)
posted 3 hours, 2 minutes ago
we're also building stuff at the training ground so that £288m will be more than just the stad.
----------------------------------------------------------------------
Do you know if that figure includes players as assets. Had a quick look yesterday but not entirely clear
----------------------------------------------------------------------
Player contracts will be included as intangible fixed assets, not specifically the players themselves. As the contract runs down its balance sheet value will decrease, until such time a new contract is signed.
comment by palmers_spur - you have a woman's hand my... (U8896)
posted 4 hours, 54 minutes ago
comment by HRH King Ledley (U20095)
posted 2 days, 14 hours ago
comment by Devonshirespur (U6316)
posted 3 hours, 2 minutes ago
we're also building stuff at the training ground so that £288m will be more than just the stad.
----------------------------------------------------------------------
Do you know if that figure includes players as assets. Had a quick look yesterday but not entirely clear
----------------------------------------------------------------------
Player contracts will be included as intangible fixed assets, not specifically the players themselves. As the contract runs down its balance sheet value will decrease, until such time a new contract is signed.
----------------------------------------------------------------------
Is it true the book figure for a player is based only on the fee paid, then reduced/increased in relation to length of current contract to original contract?
For example, if we bought Toby for 12m on a 4yr contract, if he has 2yrs left his book value is just 6m.
....and homegrown players have a value of zero.
Ours must be pretty low if so
Yes, the value of players in the accounts will be as player registrations. Your example of Toby is correct, until he signs a new deal his NBV would be cost less amortisation on his contract. So no way would his value (or any player) be in the accounts as the selling price the club puts on him.
Think you are correct as well on home grown players as their registrations are internally generated assets and you don't normally capitalise these (though I'm open to being corrected)
Sign in if you want to comment
2016 Spurs Financial Results
Page 2 of 2
posted on 31/3/17
we're also building stuff at the training ground so that £288m will be more than just the stad.
posted on 31/3/17
comment by HRH King Ledley (U20095)
posted 22 hours, 23 minutes ago
Interesting things for me:
Net investment for fixed assets is now 288m. I assume that is money spent on the new ground - purchases, work so far etc - and is deducted from the 750m total.
We have gone from being 20m in debt to having 50m in the bank in the last 2 years. That is another big chunk towards the stadium. What is does show is we are able to squirrel away 35m a season now - despite the stadium spending -and still compete. Most of the extra revenue from the stadium should be available to spend I guess. Wages.
With those two things in mind, we could be looking at 400m remaining for the build. With a decent sponsorship deal we could be looking at a very manageable debt
----------------------------------------------------------------------
There were plenty of reports yesterday stating that Spurs have secured £350m in loans for the new stadium so one would have to assume that there will be some sort of repayment schedule.
This may (or may not) leave you in a similar situation Arsenal found themselves in when they finished building the Emirates.
The fact that the loan is through investment banks means there will be interest payable and although we don't know the actual figures, we can guestimate that the club will have to pay at least £400m back.
http://www.thetimes.co.uk/article/spurs-seal-350m-stadium-loan-kzrjc0t8m
posted on 31/3/17
comment by sᴉɥƃuǝlפ (U19365)
posted 48 minutes ago
comment by HRH King Ledley (U20095)
posted 22 hours, 23 minutes ago
Interesting things for me:
Net investment for fixed assets is now 288m. I assume that is money spent on the new ground - purchases, work so far etc - and is deducted from the 750m total.
We have gone from being 20m in debt to having 50m in the bank in the last 2 years. That is another big chunk towards the stadium. What is does show is we are able to squirrel away 35m a season now - despite the stadium spending -and still compete. Most of the extra revenue from the stadium should be available to spend I guess. Wages.
With those two things in mind, we could be looking at 400m remaining for the build. With a decent sponsorship deal we could be looking at a very manageable debt
----------------------------------------------------------------------
There were plenty of reports yesterday stating that Spurs have secured £350m in loans for the new stadium so one would have to assume that there will be some sort of repayment schedule.
This may (or may not) leave you in a similar situation Arsenal found themselves in when they finished building the Emirates.
The fact that the loan is through investment banks means there will be interest payable and although we don't know the actual figures, we can guestimate that the club will have to pay at least £400m back.
http://www.thetimes.co.uk/article/spurs-seal-350m-stadium-loan-kzrjc0t8m
----------------------------------------------------------------------
Yeah, the figures sort of marry up.
I assume any sponsorship deal would come off of the 350m loan, once the deal is secured
posted on 31/3/17
comment by Devonshirespur (U6316)
posted 3 hours, 2 minutes ago
we're also building stuff at the training ground so that £288m will be more than just the stad.
----------------------------------------------------------------------
Do you know if that figure includes players as assets. Had a quick look yesterday but not entirely clear
posted on 3/4/17
comment by HRH King Ledley (U20095)
posted 2 days, 14 hours ago
comment by Devonshirespur (U6316)
posted 3 hours, 2 minutes ago
we're also building stuff at the training ground so that £288m will be more than just the stad.
----------------------------------------------------------------------
Do you know if that figure includes players as assets. Had a quick look yesterday but not entirely clear
----------------------------------------------------------------------
Player contracts will be included as intangible fixed assets, not specifically the players themselves. As the contract runs down its balance sheet value will decrease, until such time a new contract is signed.
posted on 3/4/17
comment by palmers_spur - you have a woman's hand my... (U8896)
posted 4 hours, 54 minutes ago
comment by HRH King Ledley (U20095)
posted 2 days, 14 hours ago
comment by Devonshirespur (U6316)
posted 3 hours, 2 minutes ago
we're also building stuff at the training ground so that £288m will be more than just the stad.
----------------------------------------------------------------------
Do you know if that figure includes players as assets. Had a quick look yesterday but not entirely clear
----------------------------------------------------------------------
Player contracts will be included as intangible fixed assets, not specifically the players themselves. As the contract runs down its balance sheet value will decrease, until such time a new contract is signed.
----------------------------------------------------------------------
Is it true the book figure for a player is based only on the fee paid, then reduced/increased in relation to length of current contract to original contract?
For example, if we bought Toby for 12m on a 4yr contract, if he has 2yrs left his book value is just 6m.
....and homegrown players have a value of zero.
Ours must be pretty low if so
posted on 3/4/17
Yes, the value of players in the accounts will be as player registrations. Your example of Toby is correct, until he signs a new deal his NBV would be cost less amortisation on his contract. So no way would his value (or any player) be in the accounts as the selling price the club puts on him.
Think you are correct as well on home grown players as their registrations are internally generated assets and you don't normally capitalise these (though I'm open to being corrected)
Page 2 of 2