......
Foundations in place
Before looking ahead, I wanted to reflect on our journey to date. Since ENIC became the majority shareholder in 2001 we have had a clear three-step strategy. Firstly, we worked to improve football performance and, whilst no one club has a right to a smooth, continuous, upward trajectory, we have seen the club rise from middle to bottom-of-the-table finishes to being in European competition in 15 out of the last 16 seasons.
Secondly, we built a state-of-the-art training centre to attract, train and retain the best talent, both for the Academy and the First Team. We have gone on to do far more than that with the delivery of our award-winning player accommodation, ‘The Lodge’, which has been instrumental in providing exceptional rest and recovery facilities for players and, during COVID-19 times, provided an ideal isolation facility for the early return of players to the squad.
Thirdly, we set out to deliver an increased capacity stadium that would not only generate greater matchday revenues, but also the opportunity for more fans to attend games. Our Club could not remain competitive with one of the smallest stadiums in the Premier League.
Since opening, our stadium has been recognised with 18 awards including the prestigious RIBA London and National awards. We are delighted to have been selected to pilot safe standing in January, 2022, and be able to offer our fans the choice. This is something for which the Club has lobbied for some time and for which we future-proofed the stadium seating design to accommodate.
Having delivered our training centre, The Lodge and stadium we shall not stand still, we shall continue to innovate and ensure the most exceptional player, fan and visitor experiences.
Our building blocks for the future success of the Club are now firmly in place.
Our Club strategy
Going forward, therefore, our strategy is clear - to drive and generate revenues to invest in all of our football activities.
Football success, in turn, supports the growth of our Club, our fanbase and consequently wider, commercial opportunities and partnerships, which then deliver further revenue to reinvest in football - the virtuous, sustainable circle on which our Club model is based.
We shall develop new and diverse revenue streams to increase recurring revenues. Third party events such as conferencing, NFL, concerts, boxing and rugby are all examples of this. Our stadium is a key component to our revenue growth yet, unbelievably, we have still not seen and enjoyed a full season in our new stadium with attendances.
We shall continue to invest in our senior management and our staff to deliver this and look to decrease our reliance on football revenues alone, such that we protect our Club’s long-term sustainability.
We welcomed Todd Kline in March of this year, as our new Chief Commercial Officer. Todd, who joins us from the William Morris Endeavour agency and the NFL franchise Miami Dolphins, is focussed on securing additional partnerships and strategic commercial opportunities across the Club.
This was a position held by a much-missed colleague, Simon Bamber, who sadly and suddenly passed away this year. He will always be in our thoughts, as a colleague, a fan and a wise counsel to us all.
We shall also undertake supporting property projects. The development of the hotel, for example, on the stadium campus, will support our Conference and Events business and generate not only additional revenues, but also training and jobs in the local community.
It has always been the case that, whilst football is at our core, we find ourselves in an area of such need, we must ensure that our activities benefit the widest possible community and improve the surrounding environs for all who live, study, work in or visit the area.
Beating heart of North Tottenham - LDN17
We have grown organically in a self-sustaining manner. Every penny we make is re-invested in the Club. This means that every fan who has ever engaged with and supported the Club, by going to games or wearing our colours, has, in some way, contributed to the Club we are today. They have all played a part in our growth, in the development of the building blocks for our future success, in providing opportunities and inclusivity for our communities.
We fundamentally believe we have a key role to play in the transformation of our neighbourhood. You will have seen new schools, plans for homes, shops and businesses around the stadium. It has always been our ambition to see the new stadium kick-start wider regeneration and attract increased spend in the local economy. We are passionate about revitalising our neighbourhood and raising the aspirations of those who live here. We all rise when we lift others.
We have also worked hard to include environmentally sustainable options in our operations. This has seen us recognised as the greenest Club in the Premier League and host the first Net Zero game. Like many organisations we still have so much more to do.
I was proud to see the Club recognised with the award of the Advanced Level Premier League Equality Standard. Our audited accounts confirm that we pay all permanent staff and casual workers the London Living Wage (LLW) and require third-party suppliers to be equally committed to paying LLW.
Our activities reflect the responsible and respectful nature of our Club.
What we are doing in LDN17 will be a legacy for us all.
On the Pitch
It is far from ideal to make changes to coaching staff, however, we have acted swiftly and decisively when we felt it necessary, always looking to act in the best interests of the Club.
We extend a warm welcome to Fabio Paratici, Managing Director, Football, and our new Head Coach, Antonio Conte, along with his coaching staff. We are also delighted to see Ryan Mason join this group.
The appointments of Fabio and Antonio are a clear demonstration of our intent and ambition.
Since opening the stadium in April, 2019, we have spent almost £400m on players. Player spending is no guarantee of success, and our focus must be on improved recruitment, coaching, fitness and a competitive mindset.
Fabio continued the rebuild in the summer, resulting in the average age of our new summer signings being 22 years compared to the average age of 31 years for the outgoing players. We shall also look to continue the well-established path for youngsters from our Academy to our First Team. I know that Antonio’s approach is if a player is good enough, he will play, regardless of status or age.
I should like to take this opportunity to formally congratulate our Women’s First Team Head Coach, Rehanne Skinner, on a successful first year at the Club. Under the tutelage of Rehanne and her coaching staff, the team has had a positive start to what is only their third FA Women’s Super League (WSL) season.
The Women’s First Team has seen a rapid rise from being semi-professional less than five years ago to finishing second in the FA Women’s Championship and earning promotion to the WSL in 2019.
The north London derby against Arsenal, held at Tottenham Hotspur Stadium in November, 2019, set a new all-time attendance record for the WSL of 38,262 which remains in place.
We are currently undertaking the construction of exclusive facilities for the Women’s First Team at the training centre, alongside a dedicated match quality training pitch, where the Women’s First Team now train full-time.
Looking ahead
Sustainability is a key word in football. We have seen how fragile the finances of a football club can be and the impact of losses on the stability of the football pyramid. As custodians we have to protect the Club for future generations of fans.
We have come a long way and we have so much further to go. We remain relentlessly ambitious and are determined to deliver honours and make our supporters proud.
All this mate and still no success on the pitch. We want to see success on the pitch now. No more excuses, time to back this manager
comment by Don_tottenham (U3372)
posted 16 seconds ago
All this mate and still no success on the pitch. We want to see success on the pitch now. No more excuses, time to back this manager
----------------------------------------------------------------------
We have come a long way and we have so much further to go. We remain relentlessly ambitious and are determined to deliver honours and make our supporters proud.
This is the key statement. First time I have seen him say we want honours. To back this up he needs to bring in some players come January, by hook or by crook. None of this BS about it being hard to buy in January bollox.
Comment deleted by Site Moderator
comment by LukaBrasi COYS #FreePalestine (U22178)
posted 22 seconds ago
comment by Don_tottenham (U3372)
posted 16 seconds ago
All this mate and still no success on the pitch. We want to see success on the pitch now. No more excuses, time to back this manager
----------------------------------------------------------------------
We have come a long way and we have so much further to go. We remain relentlessly ambitious and are determined to deliver honours and make our supporters proud.
This is the key statement. First time I have seen him say we want honours. To back this up he needs to bring in some players come January, by hook or by crook. None of this BS about it being hard to buy in January bollox.
----------------------------------------------------------------------
That’s the issue Luka, Levy is full of hot air but so far has failed to deliver on the pitch. I’ll believe it when I see it. I truly hope Conte is backed because if he isn’t and this fails, we all know who’s to blame and the fans won’t forgive this time
comment by Don_tottenham (U3372)
posted 1 minute ago
comment by LukaBrasi COYS #FreePalestine (U22178)
posted 22 seconds ago
comment by Don_tottenham (U3372)
posted 16 seconds ago
All this mate and still no success on the pitch. We want to see success on the pitch now. No more excuses, time to back this manager
----------------------------------------------------------------------
We have come a long way and we have so much further to go. We remain relentlessly ambitious and are determined to deliver honours and make our supporters proud.
This is the key statement. First time I have seen him say we want honours. To back this up he needs to bring in some players come January, by hook or by crook. None of this BS about it being hard to buy in January bollox.
----------------------------------------------------------------------
That’s the issue Luka, Levy is full of hot air but so far has failed to deliver on the pitch. I’ll believe it when I see it. I truly hope Conte is backed because if he isn’t and this fails, we all know who’s to blame and the fans won’t forgive this time
----------------------------------------------------------------------
We have no choice but to trust the caaaaaant Don.
comment by LukaBrasi COYS #FreePalestine (U22178)
posted 5 minutes ago
comment by Don_tottenham (U3372)
posted 16 seconds ago
All this mate and still no success on the pitch. We want to see success on the pitch now. No more excuses, time to back this manager
----------------------------------------------------------------------
We have come a long way and we have so much further to go. We remain relentlessly ambitious and are determined to deliver honours and make our supporters proud.
This is the key statement. First time I have seen him say we want honours. To back this up he needs to bring in some players come January, by hook or by crook. None of this BS about it being hard to buy in January bollox.
----------------------------------------------------------------------
A fair statement in my view. Now everything is in place. I can understand why things have been done in this order.
Would a world class manager have been attracted to Spurs without stadium and facilities and income. Yes we had Poch but let's not kid ourselves he was world class. He had no silverware and Spurs was his biggest job.
No excuses now, we have top facilities, top manager and top income streams. Now Levy needs to act like the fans and go for glory.
comment by Don_tottenham (U3372)
posted 5 minutes ago
comment by LukaBrasi COYS #FreePalestine (U22178)
posted 22 seconds ago
comment by Don_tottenham (U3372)
posted 16 seconds ago
All this mate and still no success on the pitch. We want to see success on the pitch now. No more excuses, time to back this manager
----------------------------------------------------------------------
We have come a long way and we have so much further to go. We remain relentlessly ambitious and are determined to deliver honours and make our supporters proud.
This is the key statement. First time I have seen him say we want honours. To back this up he needs to bring in some players come January, by hook or by crook. None of this BS about it being hard to buy in January bollox.
----------------------------------------------------------------------
That’s the issue Luka, Levy is full of hot air but so far has failed to deliver on the pitch. I’ll believe it when I see it. I truly hope Conte is backed because if he isn’t and this fails, we all know who’s to blame and the fans won’t forgive this time
----------------------------------------------------------------------
Yeah the little weasel has backed himself into a corner with conte which is great news for us fans
From experience we know if conte is backed he delivers ….simples
Of course we are tottenham and have it in us to break any trend set out in front of us
Comment deleted by Site Moderator
We have to avoid another lockdown to ensure punters are still coming through the gates otherwise it will give Levy another excuse to tighten the purse strings.
Interesting we have refinanced the main debt on the stadium until 2051. I know some oppo fans have commented before that we are £1b in debt. Well it's £706m which is £294m shy of a billion.
Not sure how much the annual repayments are but they can be more than £30m a year which should be easily managable.
I reckon if we avoid a lockdown and crowds are allowed in for the forseeable future our revenue will be around £400m+(without the riches of CL football) and we should be able to turnover a healthy profit of £120m-£130m at least which should be reinvested back into the team.
Nothing less than expected, the stadium comfortably pays for itself providing the fans can get in.
The NFL gives us income no other side gets. The overseas TV money has just increased considerably. The new training partner gets us even more money and we haven’t even sold the naming rights to the Stadium yet.
Bottom line, the money is there now the ambition from the very top needs to match it.
What’s going on with the stadium naming rights?!
Unless I’ve missed something it’s never even mentioned by levy in his statements
comment by LukaBrasi COYS #FreePalestine (U22178)
posted 15 minutes ago
We have to avoid another lockdown to ensure punters are still coming through the gates otherwise it will give Levy another excuse to tighten the purse strings.
Interesting we have refinanced the main debt on the stadium until 2051. I know some oppo fans have commented before that we are £1b in debt. Well it's £706m which is £294m shy of a billion.
Not sure how much the annual repayments are but they can be more than £30m a year which should be easily managable.
I reckon if we avoid a lockdown and crowds are allowed in for the forseeable future our revenue will be around £400m+(without the riches of CL football) and we should be able to turnover a healthy profit of £120m-£130m at least which should be reinvested back into the team.
----------------------------------------------------------------------
The stadium debt has never been an issue and I a complete red herring for opposition fans. Joe Lewis could write that debt off tomorrow if he needed to - but instead the money generated from the stadium is vastly in excess of the annual bond/mortgage repayment - Europa League alone covered over half that payment last year.
Levy is out of excuses, back the feeecking manager and lets compete
comment by Blackpolespur (U9242)
posted 6 minutes ago
What’s going on with the stadium naming rights?!
Unless I’ve missed something it’s never even mentioned by levy in his statements
----------------------------------------------------------------------
Very odd. I thought that was the whole point of Todd Kline
I am not sure you can call a lockdown an "excuse to tighten the purse strings". Its laid bare in the figures, we lost nearly £150m due to the pandemic. Last seasons matchday was £1.9m and the season before we were on target for a PL record £125m matchday revenue, until the first lock down.
I think the statement goes in to a lot of detail as the THST have been demanding answers on the clubs direction, ambition and where the other revenue goes.
It is good to see that all the other operations filter revenue in to THFC to be spent on the football side, and again confirmation (Billy take note!) that every penny earned by the club goes back into the club. None of this "profits lining ENICS pockets" BS that some trot out.
While our stadium really did hamper us through its build and then through the pandemic, all that debt has been refinanced. We know what we're paying and for how long and like anyone with a fixed mortgage we need not worry about the payments and can plan our spending.
Another myth blown is that we do not spend. £400m confirmed in transfer since the stadium opened.
People still have to be realistic, we cannot just go out and blow £250m, we will operate within our means but our means are now built on very sound foundations.
comment by Ace (U22467)
posted 26 minutes ago
Facking hell that’s a long statement from Levy, did you write it for him Devon?
----------------------------------------------------------------------
. How did you know?! I sent him my first draft and he cut out loads, so this is more of a summary
comment by Striketeam7 - Sometimes it’s hard being the smartest person in the room (U18109)
posted 9 minutes ago
Nothing less than expected, the stadium comfortably pays for itself providing the fans can get in.
The NFL gives us income no other side gets. The overseas TV money has just increased considerably. The new training partner gets us even more money and we haven’t even sold the naming rights to the Stadium yet.
Bottom line, the money is there now the ambition from the very top needs to match it.
----------------------------------------------------------------------
This exactly..January will be very telling.
comment by Ioavirgo (U10470)
posted 1 minute ago
comment by Blackpolespur (U9242)
posted 6 minutes ago
What’s going on with the stadium naming rights?!
Unless I’ve missed something it’s never even mentioned by levy in his statements
----------------------------------------------------------------------
Very odd. I thought that was the whole point of Todd Kline
----------------------------------------------------------------------
It is the point of Todd Kline. Guessing no one has come up with the £30m a year Levy is demanding yet. It could be £25m, who knows?
comment by LukaBrasi COYS #FreePalestine (U22178)
posted 4 minutes ago
comment by Ioavirgo (U10470)
posted 1 minute ago
comment by Blackpolespur (U9242)
posted 6 minutes ago
What’s going on with the stadium naming rights?!
Unless I’ve missed something it’s never even mentioned by levy in his statements
----------------------------------------------------------------------
Very odd. I thought that was the whole point of Todd Kline
----------------------------------------------------------------------
It is the point of Todd Kline. Guessing no one has come up with the £30m a year Levy is demanding yet. It could be £25m, who knows?
----------------------------------------------------------------------
I think timing is key.
Firstly, I cannot see it being a mid-season thing, so anything that happens will likely be from next summer.
Secondly, with the growing exposure of the stadium through boxing NFL etc demand for a sponsorship will strengthen. IF we can return to the UCL then this adds another level and it will become one of the most recognisable arenas across the globe.
Thirdly, its a long term deal so there is no point rushing in because you are then stuck with it for 10, 15, 20 years. So the best deal is better than a quick deal.
Finally, the pandemic timing was dreadful for us and we are now only really beginning to exploit the stadium uses that will make it an attractive proposition for a sponsor.
Personally i think we'll have one in place for next season, adding another £20-30m to the coffers and potentially covering off much of the debt repayment.
comment by Blackpolespur (U9242)
posted 26 minutes ago
What’s going on with the stadium naming rights?!
Unless I’ve missed something it’s never even mentioned by levy in his statements
------------
suspect negotiations for this are ongoing, along with several other commercial deals..
makes sense to bide time for the right offer....
5 year deal agreed at 25m a year is much better than a less complicated 5 year deal agreed at 15m a year 6 months earlier
if there is one area where I have complete confidence in the board it is the off the pitch business strategy and commercial plan to maximise revenue.
the issue remains the boards involvement in on field issues... with Paritici and Conte in place, they have at least made world class leadership appointments.. they just now need to back them, and be transparent and honest with them
"We shall continue to invest in our senior management and our staff to deliver this and look to decrease our reliance on football revenues alone, such that we protect our Club’s long-term sustainability."
Football revenues? Does that include gate and prize money?
I've read that to mean that the reliance on revenue generated through the league and cup competitions will be less important if we're using the stadium for sponsorship and other events. That's fair enough if we don't take our eye's completely off the prizes.
comment by Chronic (U3423)
posted 2 minutes ago
comment by Blackpolespur (U9242)
posted 26 minutes ago
What’s going on with the stadium naming rights?!
Unless I’ve missed something it’s never even mentioned by levy in his statements
------------
suspect negotiations for this are ongoing, along with several other commercial deals..
makes sense to bide time for the right offer....
5 year deal agreed at 25m a year is much better than a less complicated 5 year deal agreed at 15m a year 6 months earlier
----------------------------------------------------------------------
Most naming right deals deals are for 15 years minimum. LA Rams recently announce a €600m deal over 20 years. LA lakers have gone cyrpto now and thsir deal is for €700m over 20 years. That's €35m a year. Their capacity is around 30k.
In light of the recent crypto deal with the former Staple centre in LA, Levy might well be looking a figure north of £30m.
Does anyone know the net spend? It's all very well rolling out the £400m since 2019 but I'd be interested to see who has been sold so we can see the overall picture. Then there's the fact that we were able to spend £400m in the last two years as a direct consequence of having been in the CL for a number of years, the peak of which being the lucrative run to the final in 2019.
That £400m isn't a barometer of our average spend going forward. It's a snapshot in time from a period of sustained success under Poch. Conte will have none of that. He'll have the fallout from Covid and the Europa League so you can forget about another 400m. It won't be a fraction of that. Will that be enough to satisfy him? I doubt it. The owners will have to dip into their own pockets in order to keep him happy and I just can't see it.
comment by fridgeboy (U1053)
posted 6 minutes ago
Does anyone know the net spend? It's all very well rolling out the £400m since 2019 but I'd be interested to see who has been sold so we can see the overall picture. Then there's the fact that we were able to spend £400m in the last two years as a direct consequence of having been in the CL for a number of years, the peak of which being the lucrative run to the final in 2019.
That £400m isn't a barometer of our average spend going forward. It's a snapshot in time from a period of sustained success under Poch. Conte will have none of that. He'll have the fallout from Covid and the Europa League so you can forget about another 400m. It won't be a fraction of that. Will that be enough to satisfy him? I doubt it. The owners will have to dip into their own pockets in order to keep him happy and I just can't see it.
----------------------------------------------------------------------
£207m net spend in the last 5 years according to transfer market.
Sign in if you want to comment
Spurs Financial Figures to June 2021 & Club
Page 1 of 3
posted on 23/11/21
......
Foundations in place
Before looking ahead, I wanted to reflect on our journey to date. Since ENIC became the majority shareholder in 2001 we have had a clear three-step strategy. Firstly, we worked to improve football performance and, whilst no one club has a right to a smooth, continuous, upward trajectory, we have seen the club rise from middle to bottom-of-the-table finishes to being in European competition in 15 out of the last 16 seasons.
Secondly, we built a state-of-the-art training centre to attract, train and retain the best talent, both for the Academy and the First Team. We have gone on to do far more than that with the delivery of our award-winning player accommodation, ‘The Lodge’, which has been instrumental in providing exceptional rest and recovery facilities for players and, during COVID-19 times, provided an ideal isolation facility for the early return of players to the squad.
Thirdly, we set out to deliver an increased capacity stadium that would not only generate greater matchday revenues, but also the opportunity for more fans to attend games. Our Club could not remain competitive with one of the smallest stadiums in the Premier League.
Since opening, our stadium has been recognised with 18 awards including the prestigious RIBA London and National awards. We are delighted to have been selected to pilot safe standing in January, 2022, and be able to offer our fans the choice. This is something for which the Club has lobbied for some time and for which we future-proofed the stadium seating design to accommodate.
Having delivered our training centre, The Lodge and stadium we shall not stand still, we shall continue to innovate and ensure the most exceptional player, fan and visitor experiences.
Our building blocks for the future success of the Club are now firmly in place.
Our Club strategy
Going forward, therefore, our strategy is clear - to drive and generate revenues to invest in all of our football activities.
Football success, in turn, supports the growth of our Club, our fanbase and consequently wider, commercial opportunities and partnerships, which then deliver further revenue to reinvest in football - the virtuous, sustainable circle on which our Club model is based.
We shall develop new and diverse revenue streams to increase recurring revenues. Third party events such as conferencing, NFL, concerts, boxing and rugby are all examples of this. Our stadium is a key component to our revenue growth yet, unbelievably, we have still not seen and enjoyed a full season in our new stadium with attendances.
We shall continue to invest in our senior management and our staff to deliver this and look to decrease our reliance on football revenues alone, such that we protect our Club’s long-term sustainability.
We welcomed Todd Kline in March of this year, as our new Chief Commercial Officer. Todd, who joins us from the William Morris Endeavour agency and the NFL franchise Miami Dolphins, is focussed on securing additional partnerships and strategic commercial opportunities across the Club.
This was a position held by a much-missed colleague, Simon Bamber, who sadly and suddenly passed away this year. He will always be in our thoughts, as a colleague, a fan and a wise counsel to us all.
We shall also undertake supporting property projects. The development of the hotel, for example, on the stadium campus, will support our Conference and Events business and generate not only additional revenues, but also training and jobs in the local community.
It has always been the case that, whilst football is at our core, we find ourselves in an area of such need, we must ensure that our activities benefit the widest possible community and improve the surrounding environs for all who live, study, work in or visit the area.
Beating heart of North Tottenham - LDN17
We have grown organically in a self-sustaining manner. Every penny we make is re-invested in the Club. This means that every fan who has ever engaged with and supported the Club, by going to games or wearing our colours, has, in some way, contributed to the Club we are today. They have all played a part in our growth, in the development of the building blocks for our future success, in providing opportunities and inclusivity for our communities.
We fundamentally believe we have a key role to play in the transformation of our neighbourhood. You will have seen new schools, plans for homes, shops and businesses around the stadium. It has always been our ambition to see the new stadium kick-start wider regeneration and attract increased spend in the local economy. We are passionate about revitalising our neighbourhood and raising the aspirations of those who live here. We all rise when we lift others.
We have also worked hard to include environmentally sustainable options in our operations. This has seen us recognised as the greenest Club in the Premier League and host the first Net Zero game. Like many organisations we still have so much more to do.
I was proud to see the Club recognised with the award of the Advanced Level Premier League Equality Standard. Our audited accounts confirm that we pay all permanent staff and casual workers the London Living Wage (LLW) and require third-party suppliers to be equally committed to paying LLW.
Our activities reflect the responsible and respectful nature of our Club.
What we are doing in LDN17 will be a legacy for us all.
On the Pitch
It is far from ideal to make changes to coaching staff, however, we have acted swiftly and decisively when we felt it necessary, always looking to act in the best interests of the Club.
We extend a warm welcome to Fabio Paratici, Managing Director, Football, and our new Head Coach, Antonio Conte, along with his coaching staff. We are also delighted to see Ryan Mason join this group.
The appointments of Fabio and Antonio are a clear demonstration of our intent and ambition.
Since opening the stadium in April, 2019, we have spent almost £400m on players. Player spending is no guarantee of success, and our focus must be on improved recruitment, coaching, fitness and a competitive mindset.
Fabio continued the rebuild in the summer, resulting in the average age of our new summer signings being 22 years compared to the average age of 31 years for the outgoing players. We shall also look to continue the well-established path for youngsters from our Academy to our First Team. I know that Antonio’s approach is if a player is good enough, he will play, regardless of status or age.
I should like to take this opportunity to formally congratulate our Women’s First Team Head Coach, Rehanne Skinner, on a successful first year at the Club. Under the tutelage of Rehanne and her coaching staff, the team has had a positive start to what is only their third FA Women’s Super League (WSL) season.
The Women’s First Team has seen a rapid rise from being semi-professional less than five years ago to finishing second in the FA Women’s Championship and earning promotion to the WSL in 2019.
The north London derby against Arsenal, held at Tottenham Hotspur Stadium in November, 2019, set a new all-time attendance record for the WSL of 38,262 which remains in place.
We are currently undertaking the construction of exclusive facilities for the Women’s First Team at the training centre, alongside a dedicated match quality training pitch, where the Women’s First Team now train full-time.
Looking ahead
Sustainability is a key word in football. We have seen how fragile the finances of a football club can be and the impact of losses on the stability of the football pyramid. As custodians we have to protect the Club for future generations of fans.
We have come a long way and we have so much further to go. We remain relentlessly ambitious and are determined to deliver honours and make our supporters proud.
posted on 23/11/21
All this mate and still no success on the pitch. We want to see success on the pitch now. No more excuses, time to back this manager
posted on 23/11/21
comment by Don_tottenham (U3372)
posted 16 seconds ago
All this mate and still no success on the pitch. We want to see success on the pitch now. No more excuses, time to back this manager
----------------------------------------------------------------------
We have come a long way and we have so much further to go. We remain relentlessly ambitious and are determined to deliver honours and make our supporters proud.
This is the key statement. First time I have seen him say we want honours. To back this up he needs to bring in some players come January, by hook or by crook. None of this BS about it being hard to buy in January bollox.
posted on 23/11/21
Comment deleted by Site Moderator
posted on 23/11/21
comment by LukaBrasi COYS #FreePalestine (U22178)
posted 22 seconds ago
comment by Don_tottenham (U3372)
posted 16 seconds ago
All this mate and still no success on the pitch. We want to see success on the pitch now. No more excuses, time to back this manager
----------------------------------------------------------------------
We have come a long way and we have so much further to go. We remain relentlessly ambitious and are determined to deliver honours and make our supporters proud.
This is the key statement. First time I have seen him say we want honours. To back this up he needs to bring in some players come January, by hook or by crook. None of this BS about it being hard to buy in January bollox.
----------------------------------------------------------------------
That’s the issue Luka, Levy is full of hot air but so far has failed to deliver on the pitch. I’ll believe it when I see it. I truly hope Conte is backed because if he isn’t and this fails, we all know who’s to blame and the fans won’t forgive this time
posted on 23/11/21
comment by Don_tottenham (U3372)
posted 1 minute ago
comment by LukaBrasi COYS #FreePalestine (U22178)
posted 22 seconds ago
comment by Don_tottenham (U3372)
posted 16 seconds ago
All this mate and still no success on the pitch. We want to see success on the pitch now. No more excuses, time to back this manager
----------------------------------------------------------------------
We have come a long way and we have so much further to go. We remain relentlessly ambitious and are determined to deliver honours and make our supporters proud.
This is the key statement. First time I have seen him say we want honours. To back this up he needs to bring in some players come January, by hook or by crook. None of this BS about it being hard to buy in January bollox.
----------------------------------------------------------------------
That’s the issue Luka, Levy is full of hot air but so far has failed to deliver on the pitch. I’ll believe it when I see it. I truly hope Conte is backed because if he isn’t and this fails, we all know who’s to blame and the fans won’t forgive this time
----------------------------------------------------------------------
We have no choice but to trust the caaaaaant Don.
posted on 23/11/21
comment by LukaBrasi COYS #FreePalestine (U22178)
posted 5 minutes ago
comment by Don_tottenham (U3372)
posted 16 seconds ago
All this mate and still no success on the pitch. We want to see success on the pitch now. No more excuses, time to back this manager
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We have come a long way and we have so much further to go. We remain relentlessly ambitious and are determined to deliver honours and make our supporters proud.
This is the key statement. First time I have seen him say we want honours. To back this up he needs to bring in some players come January, by hook or by crook. None of this BS about it being hard to buy in January bollox.
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A fair statement in my view. Now everything is in place. I can understand why things have been done in this order.
Would a world class manager have been attracted to Spurs without stadium and facilities and income. Yes we had Poch but let's not kid ourselves he was world class. He had no silverware and Spurs was his biggest job.
No excuses now, we have top facilities, top manager and top income streams. Now Levy needs to act like the fans and go for glory.
posted on 23/11/21
comment by Don_tottenham (U3372)
posted 5 minutes ago
comment by LukaBrasi COYS #FreePalestine (U22178)
posted 22 seconds ago
comment by Don_tottenham (U3372)
posted 16 seconds ago
All this mate and still no success on the pitch. We want to see success on the pitch now. No more excuses, time to back this manager
----------------------------------------------------------------------
We have come a long way and we have so much further to go. We remain relentlessly ambitious and are determined to deliver honours and make our supporters proud.
This is the key statement. First time I have seen him say we want honours. To back this up he needs to bring in some players come January, by hook or by crook. None of this BS about it being hard to buy in January bollox.
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That’s the issue Luka, Levy is full of hot air but so far has failed to deliver on the pitch. I’ll believe it when I see it. I truly hope Conte is backed because if he isn’t and this fails, we all know who’s to blame and the fans won’t forgive this time
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Yeah the little weasel has backed himself into a corner with conte which is great news for us fans
From experience we know if conte is backed he delivers ….simples
Of course we are tottenham and have it in us to break any trend set out in front of us
posted on 23/11/21
Comment deleted by Site Moderator
posted on 23/11/21
We have to avoid another lockdown to ensure punters are still coming through the gates otherwise it will give Levy another excuse to tighten the purse strings.
Interesting we have refinanced the main debt on the stadium until 2051. I know some oppo fans have commented before that we are £1b in debt. Well it's £706m which is £294m shy of a billion.
Not sure how much the annual repayments are but they can be more than £30m a year which should be easily managable.
I reckon if we avoid a lockdown and crowds are allowed in for the forseeable future our revenue will be around £400m+(without the riches of CL football) and we should be able to turnover a healthy profit of £120m-£130m at least which should be reinvested back into the team.
posted on 23/11/21
Nothing less than expected, the stadium comfortably pays for itself providing the fans can get in.
The NFL gives us income no other side gets. The overseas TV money has just increased considerably. The new training partner gets us even more money and we haven’t even sold the naming rights to the Stadium yet.
Bottom line, the money is there now the ambition from the very top needs to match it.
posted on 23/11/21
What’s going on with the stadium naming rights?!
Unless I’ve missed something it’s never even mentioned by levy in his statements
posted on 23/11/21
comment by LukaBrasi COYS #FreePalestine (U22178)
posted 15 minutes ago
We have to avoid another lockdown to ensure punters are still coming through the gates otherwise it will give Levy another excuse to tighten the purse strings.
Interesting we have refinanced the main debt on the stadium until 2051. I know some oppo fans have commented before that we are £1b in debt. Well it's £706m which is £294m shy of a billion.
Not sure how much the annual repayments are but they can be more than £30m a year which should be easily managable.
I reckon if we avoid a lockdown and crowds are allowed in for the forseeable future our revenue will be around £400m+(without the riches of CL football) and we should be able to turnover a healthy profit of £120m-£130m at least which should be reinvested back into the team.
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The stadium debt has never been an issue and I a complete red herring for opposition fans. Joe Lewis could write that debt off tomorrow if he needed to - but instead the money generated from the stadium is vastly in excess of the annual bond/mortgage repayment - Europa League alone covered over half that payment last year.
Levy is out of excuses, back the feeecking manager and lets compete
posted on 23/11/21
comment by Blackpolespur (U9242)
posted 6 minutes ago
What’s going on with the stadium naming rights?!
Unless I’ve missed something it’s never even mentioned by levy in his statements
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Very odd. I thought that was the whole point of Todd Kline
posted on 23/11/21
I am not sure you can call a lockdown an "excuse to tighten the purse strings". Its laid bare in the figures, we lost nearly £150m due to the pandemic. Last seasons matchday was £1.9m and the season before we were on target for a PL record £125m matchday revenue, until the first lock down.
I think the statement goes in to a lot of detail as the THST have been demanding answers on the clubs direction, ambition and where the other revenue goes.
It is good to see that all the other operations filter revenue in to THFC to be spent on the football side, and again confirmation (Billy take note!) that every penny earned by the club goes back into the club. None of this "profits lining ENICS pockets" BS that some trot out.
While our stadium really did hamper us through its build and then through the pandemic, all that debt has been refinanced. We know what we're paying and for how long and like anyone with a fixed mortgage we need not worry about the payments and can plan our spending.
Another myth blown is that we do not spend. £400m confirmed in transfer since the stadium opened.
People still have to be realistic, we cannot just go out and blow £250m, we will operate within our means but our means are now built on very sound foundations.
posted on 23/11/21
comment by Ace (U22467)
posted 26 minutes ago
Facking hell that’s a long statement from Levy, did you write it for him Devon?
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. How did you know?! I sent him my first draft and he cut out loads, so this is more of a summary
posted on 23/11/21
comment by Striketeam7 - Sometimes it’s hard being the smartest person in the room (U18109)
posted 9 minutes ago
Nothing less than expected, the stadium comfortably pays for itself providing the fans can get in.
The NFL gives us income no other side gets. The overseas TV money has just increased considerably. The new training partner gets us even more money and we haven’t even sold the naming rights to the Stadium yet.
Bottom line, the money is there now the ambition from the very top needs to match it.
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This exactly..January will be very telling.
posted on 23/11/21
comment by Ioavirgo (U10470)
posted 1 minute ago
comment by Blackpolespur (U9242)
posted 6 minutes ago
What’s going on with the stadium naming rights?!
Unless I’ve missed something it’s never even mentioned by levy in his statements
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Very odd. I thought that was the whole point of Todd Kline
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It is the point of Todd Kline. Guessing no one has come up with the £30m a year Levy is demanding yet. It could be £25m, who knows?
posted on 23/11/21
comment by LukaBrasi COYS #FreePalestine (U22178)
posted 4 minutes ago
comment by Ioavirgo (U10470)
posted 1 minute ago
comment by Blackpolespur (U9242)
posted 6 minutes ago
What’s going on with the stadium naming rights?!
Unless I’ve missed something it’s never even mentioned by levy in his statements
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Very odd. I thought that was the whole point of Todd Kline
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It is the point of Todd Kline. Guessing no one has come up with the £30m a year Levy is demanding yet. It could be £25m, who knows?
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I think timing is key.
Firstly, I cannot see it being a mid-season thing, so anything that happens will likely be from next summer.
Secondly, with the growing exposure of the stadium through boxing NFL etc demand for a sponsorship will strengthen. IF we can return to the UCL then this adds another level and it will become one of the most recognisable arenas across the globe.
Thirdly, its a long term deal so there is no point rushing in because you are then stuck with it for 10, 15, 20 years. So the best deal is better than a quick deal.
Finally, the pandemic timing was dreadful for us and we are now only really beginning to exploit the stadium uses that will make it an attractive proposition for a sponsor.
Personally i think we'll have one in place for next season, adding another £20-30m to the coffers and potentially covering off much of the debt repayment.
posted on 23/11/21
comment by Blackpolespur (U9242)
posted 26 minutes ago
What’s going on with the stadium naming rights?!
Unless I’ve missed something it’s never even mentioned by levy in his statements
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suspect negotiations for this are ongoing, along with several other commercial deals..
makes sense to bide time for the right offer....
5 year deal agreed at 25m a year is much better than a less complicated 5 year deal agreed at 15m a year 6 months earlier
posted on 23/11/21
if there is one area where I have complete confidence in the board it is the off the pitch business strategy and commercial plan to maximise revenue.
the issue remains the boards involvement in on field issues... with Paritici and Conte in place, they have at least made world class leadership appointments.. they just now need to back them, and be transparent and honest with them
posted on 23/11/21
"We shall continue to invest in our senior management and our staff to deliver this and look to decrease our reliance on football revenues alone, such that we protect our Club’s long-term sustainability."
Football revenues? Does that include gate and prize money?
I've read that to mean that the reliance on revenue generated through the league and cup competitions will be less important if we're using the stadium for sponsorship and other events. That's fair enough if we don't take our eye's completely off the prizes.
posted on 23/11/21
comment by Chronic (U3423)
posted 2 minutes ago
comment by Blackpolespur (U9242)
posted 26 minutes ago
What’s going on with the stadium naming rights?!
Unless I’ve missed something it’s never even mentioned by levy in his statements
------------
suspect negotiations for this are ongoing, along with several other commercial deals..
makes sense to bide time for the right offer....
5 year deal agreed at 25m a year is much better than a less complicated 5 year deal agreed at 15m a year 6 months earlier
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Most naming right deals deals are for 15 years minimum. LA Rams recently announce a €600m deal over 20 years. LA lakers have gone cyrpto now and thsir deal is for €700m over 20 years. That's €35m a year. Their capacity is around 30k.
In light of the recent crypto deal with the former Staple centre in LA, Levy might well be looking a figure north of £30m.
posted on 23/11/21
Does anyone know the net spend? It's all very well rolling out the £400m since 2019 but I'd be interested to see who has been sold so we can see the overall picture. Then there's the fact that we were able to spend £400m in the last two years as a direct consequence of having been in the CL for a number of years, the peak of which being the lucrative run to the final in 2019.
That £400m isn't a barometer of our average spend going forward. It's a snapshot in time from a period of sustained success under Poch. Conte will have none of that. He'll have the fallout from Covid and the Europa League so you can forget about another 400m. It won't be a fraction of that. Will that be enough to satisfy him? I doubt it. The owners will have to dip into their own pockets in order to keep him happy and I just can't see it.
posted on 23/11/21
comment by fridgeboy (U1053)
posted 6 minutes ago
Does anyone know the net spend? It's all very well rolling out the £400m since 2019 but I'd be interested to see who has been sold so we can see the overall picture. Then there's the fact that we were able to spend £400m in the last two years as a direct consequence of having been in the CL for a number of years, the peak of which being the lucrative run to the final in 2019.
That £400m isn't a barometer of our average spend going forward. It's a snapshot in time from a period of sustained success under Poch. Conte will have none of that. He'll have the fallout from Covid and the Europa League so you can forget about another 400m. It won't be a fraction of that. Will that be enough to satisfy him? I doubt it. The owners will have to dip into their own pockets in order to keep him happy and I just can't see it.
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£207m net spend in the last 5 years according to transfer market.
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