Should have got the tax payer to build your stadium like Jim the rat is planning for billionaire football club utd.
I read Levy is getting a £300k pay rise and a £3m bonus
The link doesn't work Devon and I see what you are doing 🤣
The real scandal is Levy increasing his own salary AND paying himself a throughly undeserved bonus roughly equal to additional revenue made by fooking over seniors. Rat move.
Headline figures:
Revenue up £105m to £550m
Matchday revenue £117m (up £11m)
Operating Profit before player trading up £20m to £60m
Amortisation up £47m from £80m to £127m
Staff Costs up from £210m to £251m
Operating expenses up from £121m to £160m
Profit on disposal down from £19m to £15m
Sacking Conte & staff £5.11m
Spurs figures are always slightly distorted by the large depreciation cost which covers plant property and equipment, contributing about £70m each year. Much of this would not be included for FFP/PSR purposes and it is a function of having such a valuable stadium, deemed to be worth £1.5bn
The highest paid Director received £3,581,000 (up from £3.265m) and an accrued bonus of £3m paid over the year.
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 3 minutes ago
The link doesn't work Devon and I see what you are doing 🤣
----------------------------------------------------------------------
Fixed 👍
comment by Brian Gittins (U1449)
posted 4 minutes ago
I read Levy is getting a £300k pay rise and a £3m bonus
----------------------------------------------------------------------
He got it, this was paid last season.
comment by Devonshirespur (U6316)
posted 8 minutes ago
Headline figures:
Revenue up £105m to £550m
Matchday revenue £117m (up £11m)
Operating Profit before player trading up £20m to £60m
Amortisation up £47m from £80m to £127m
Staff Costs up from £210m to £251m
Operating expenses up from £121m to £160m
Profit on disposal down from £19m to £15m
Sacking Conte & staff £5.11m
Spurs figures are always slightly distorted by the large depreciation cost which covers plant property and equipment, contributing about £70m each year. Much of this would not be included for FFP/PSR purposes and it is a function of having such a valuable stadium, deemed to be worth £1.5bn
The highest paid Director received £3,581,000 (up from £3.265m) and an accrued bonus of £3m paid over the year.
----------------------------------------------------------------------
Operating profit is £138m, for 2022 it was £112m
Devon, there is one thing Levy missed off the accounts. Did you spot it?
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 6 minutes ago
comment by Devonshirespur (U6316)
posted 8 minutes ago
Headline figures:
Revenue up £105m to £550m
Matchday revenue £117m (up £11m)
Operating Profit before player trading up £20m to £60m
Amortisation up £47m from £80m to £127m
Staff Costs up from £210m to £251m
Operating expenses up from £121m to £160m
Profit on disposal down from £19m to £15m
Sacking Conte & staff £5.11m
Spurs figures are always slightly distorted by the large depreciation cost which covers plant property and equipment, contributing about £70m each year. Much of this would not be included for FFP/PSR purposes and it is a function of having such a valuable stadium, deemed to be worth £1.5bn
The highest paid Director received £3,581,000 (up from £3.265m) and an accrued bonus of £3m paid over the year.
----------------------------------------------------------------------
Operating profit is £138m, for 2022 it was £112m
----------------------------------------------------------------------
yes. before depreciation & exceptionals
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 2 minutes ago
Devon, there is one thing Levy missed off the accounts. Did you spot it?
----------------------------------------------------------------------
no mate. do share
comment by Devonshirespur (U6316)
posted 1 minute ago
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 2 minutes ago
Devon, there is one thing Levy missed off the accounts. Did you spot it?
----------------------------------------------------------------------
no mate. do share
----------------------------------------------------------------------
The old
COYS Daniel 🤣
comment by Devonshirespur (U6316)
posted 3 minutes ago
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 6 minutes ago
comment by Devonshirespur (U6316)
posted 8 minutes ago
Headline figures:
Revenue up £105m to £550m
Matchday revenue £117m (up £11m)
Operating Profit before player trading up £20m to £60m
Amortisation up £47m from £80m to £127m
Staff Costs up from £210m to £251m
Operating expenses up from £121m to £160m
Profit on disposal down from £19m to £15m
Sacking Conte & staff £5.11m
Spurs figures are always slightly distorted by the large depreciation cost which covers plant property and equipment, contributing about £70m each year. Much of this would not be included for FFP/PSR purposes and it is a function of having such a valuable stadium, deemed to be worth £1.5bn
The highest paid Director received £3,581,000 (up from £3.265m) and an accrued bonus of £3m paid over the year.
----------------------------------------------------------------------
Operating profit is £138m, for 2022 it was £112m
----------------------------------------------------------------------
yes. before depreciation & exceptionals
----------------------------------------------------------------------
What are your thoughts on the accounts?
I'm already intrigued for the next set of accounts which will include Kane's fee and the other players we brought in like Kulu and Porro. No Europe money either.
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 1 minute ago
comment by Devonshirespur (U6316)
posted 1 minute ago
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 2 minutes ago
Devon, there is one thing Levy missed off the accounts. Did you spot it?
----------------------------------------------------------------------
no mate. do share
----------------------------------------------------------------------
The old
COYS Daniel 🤣
----------------------------------------------------------------------
The OAP discount is an interesting thing IMO, with lots of layers to it.
Firstly, it is reported it will bring in an additional £3m or so, so not massive sums.
But, Spurs will no doubt be looking at the age of fans and be aware of the proportion of OAPs and the numbers of soon to be OAP. It is probably the case that an aging fan base is going to skew revenues as a greater proportion qualify.
But then, when you price the stadium so high, expect a high number of better-off middle-aged men getting the tickets, who will, over time become OAPs.
But also you have to wonder about the wealth of some of these OAPs. It seems crazy that some wealthy retired bloke (of which there are probably loads at THFC) can get a half price ticket. Levy will qualify in a couple years!
I have 2 mates whose retired parents own 2 STs, pay full price for 1 and discount for their own and the family share the spare one. The reduction to 25% discount over 5 years isnt going to break them, and i would suggest that is the same for a lot of folk.
And if a 64 year old can afford a ticket now, then surely they can afford one in a years time.
I personally think (and accept this will not be most popular) that a 50% discount for an OAP is very generous. I think its wrong that newly qualified OAPs get nothing, but that a 25% discount is about right.
By comparison, Liverpool STs offer a 25% reduction for over 65s
Also, Arsenal put up their prices 4% for 22/23 and have increased them by 6% this year. I think i am also correct is saying they have no OAP discount.
Yet Spurs seem to be the ones where these things make the headlines, SSN, BBC Sports etc
Yet Spurs seem to be the ones where these things make the headlines, SSN, BBC Sports etc
Probably because of loud our fan base has become along with social media platforms which project thsir opinions.
Wasn't aware how other clubs price their OAP's. If what you are saying about Woolwich is correct then it make sense about Levy following their lead because he often copies or follows their lead like he has done in the past.
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 22 minutes ago
comment by Devonshirespur (U6316)
posted 3 minutes ago
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 6 minutes ago
comment by Devonshirespur (U6316)
posted 8 minutes ago
Headline figures:
Revenue up £105m to £550m
Matchday revenue £117m (up £11m)
Operating Profit before player trading up £20m to £60m
Amortisation up £47m from £80m to £127m
Staff Costs up from £210m to £251m
Operating expenses up from £121m to £160m
Profit on disposal down from £19m to £15m
Sacking Conte & staff £5.11m
Spurs figures are always slightly distorted by the large depreciation cost which covers plant property and equipment, contributing about £70m each year. Much of this would not be included for FFP/PSR purposes and it is a function of having such a valuable stadium, deemed to be worth £1.5bn
The highest paid Director received £3,581,000 (up from £3.265m) and an accrued bonus of £3m paid over the year.
----------------------------------------------------------------------
Operating profit is £138m, for 2022 it was £112m
----------------------------------------------------------------------
yes. before depreciation & exceptionals
----------------------------------------------------------------------
What are your thoughts on the accounts?
I'm already intrigued for the next set of accounts which will include Kane's fee and the other players we brought in like Kulu and Porro. No Europe money either.
----------------------------------------------------------------------
TBH I am surprised with how bad the losses are.
We had UCL money (additional £40m UEFA prize money over 21/22), record matchday revs, and we started maxing out on the stadium use. Record revenues!
Costs have jumped because of the stadium use.
Amortisation surprises me the most having jumped by over 50% but i think that our spending has been a bit skewed by the loan to buy deals weve done, with the Romero deal coming into this period despite him being on the books for 18 months, Porro also and probably Maddison too, being an early buy before July.
The lack of shifting players Out also compounding this with GLC NDombele Gil probably costing £25m in amortisation but contributing nothing last season.
If you take out the depreciation we are more or less break even.
Kanes sale will add a one-off £100m boost and things like the Beyonce gigs will add 8 figure sums but with no Europe its difficult to see how the figures pan out into the future, especially if we lack UCL money.
As per, the financials are sound and we are not close to breaking the rules. It’s the one thing you can absolutely rely on Levy for, we won’t get caught out by that. Being back in Europe will help next year quite a lot I would imagine.
Potentially does not bode well for Ange and his (and fans) requirements next season.
Talking to "potential investors" is most likely smoke and mirrors from Levy ... wastes and buys him time from the truth. I mean we still have not got a stadium naming rights investor.... even a short term deal would have been better than nothing on that score.
comment by JimmyGreaves (U21183)
posted 1 minute ago
Potentially does not bode well for Ange and his (and fans) requirements next season.
Talking to "potential investors" is most likely smoke and mirrors from Levy ... wastes and buys him time from the truth. I mean we still have not got a stadium naming rights investor.... even a short term deal would have been better than nothing on that score.
----------------------------------------------------------------------
I have a feeling the naming rights deal has been put off whilst Levy looks for an investor. Once found, then the naming rights deal will follow to boost the value of the club and in turn the new investor's investment.
comment by Devonshirespur (U6316)
posted 14 minutes ago
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 22 minutes ago
comment by Devonshirespur (U6316)
posted 3 minutes ago
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 6 minutes ago
comment by Devonshirespur (U6316)
posted 8 minutes ago
Headline figures:
Revenue up £105m to £550m
Matchday revenue £117m (up £11m)
Operating Profit before player trading up £20m to £60m
Amortisation up £47m from £80m to £127m
Staff Costs up from £210m to £251m
Operating expenses up from £121m to £160m
Profit on disposal down from £19m to £15m
Sacking Conte & staff £5.11m
Spurs figures are always slightly distorted by the large depreciation cost which covers plant property and equipment, contributing about £70m each year. Much of this would not be included for FFP/PSR purposes and it is a function of having such a valuable stadium, deemed to be worth £1.5bn
The highest paid Director received £3,581,000 (up from £3.265m) and an accrued bonus of £3m paid over the year.
----------------------------------------------------------------------
Operating profit is £138m, for 2022 it was £112m
----------------------------------------------------------------------
yes. before depreciation & exceptionals
----------------------------------------------------------------------
What are your thoughts on the accounts?
I'm already intrigued for the next set of accounts which will include Kane's fee and the other players we brought in like Kulu and Porro. No Europe money either.
----------------------------------------------------------------------
TBH I am surprised with how bad the losses are.
We had UCL money (additional £40m UEFA prize money over 21/22), record matchday revs, and we started maxing out on the stadium use. Record revenues!
Costs have jumped because of the stadium use.
Amortisation surprises me the most having jumped by over 50% but i think that our spending has been a bit skewed by the loan to buy deals weve done, with the Romero deal coming into this period despite him being on the books for 18 months, Porro also and probably Maddison too, being an early buy before July.
The lack of shifting players Out also compounding this with GLC NDombele Gil probably costing £25m in amortisation but contributing nothing last season.
If you take out the depreciation we are more or less break even.
Kanes sale will add a one-off £100m boost and things like the Beyonce gigs will add 8 figure sums but with no Europe its difficult to see how the figures pan out into the future, especially if we lack UCL money.
----------------------------------------------------------------------
We defo need another clear out if the deadwood. Way too many established pros out on loan like Reg, Rodon and Ndombele. The squad has defo increased since Ange came in.
comment by Luka Brasi 🔫 The Sons of Ange 'If we lose I don't care' (U22178)
posted 4 minutes ago
comment by JimmyGreaves (U21183)
posted 1 minute ago
Potentially does not bode well for Ange and his (and fans) requirements next season.
Talking to "potential investors" is most likely smoke and mirrors from Levy ... wastes and buys him time from the truth. I mean we still have not got a stadium naming rights investor.... even a short term deal would have been better than nothing on that score.
----------------------------------------------------------------------
I have a feeling the naming rights deal has been put off whilst Levy looks for an investor. Once found, then the naming rights deal will follow to boost the value of the club and in turn the new investor's investment.
----------------------------------------------------------------------
Hope so, this dicking about is going to cost us dearly again on the pitch. The worry is even if we get an investor I assume the FFP knackers us regardless on what they can spend on players etc.
Although we may have moved the new ueffa rules whatever they are..... but they are supposed to be less stringant.
comment by JimmyGreaves (U21183)
posted 20 seconds ago
comment by Luka Brasi 🔫 The Sons of Ange 'If we lose I don't care' (U22178)
posted 4 minutes ago
comment by JimmyGreaves (U21183)
posted 1 minute ago
Potentially does not bode well for Ange and his (and fans) requirements next season.
Talking to "potential investors" is most likely smoke and mirrors from Levy ... wastes and buys him time from the truth. I mean we still have not got a stadium naming rights investor.... even a short term deal would have been better than nothing on that score.
----------------------------------------------------------------------
I have a feeling the naming rights deal has been put off whilst Levy looks for an investor. Once found, then the naming rights deal will follow to boost the value of the club and in turn the new investor's investment.
----------------------------------------------------------------------
Hope so, this dicking about is going to cost us dearly again on the pitch. The worry is even if we get an investor I assume the FFP knackers us regardless on what they can spend on players etc.
Although we may have moved the new ueffa rules whatever they are..... but they are supposed to be less stringant.
----------------------------------------------------------------------
You're looking at potentially £30m a season for the naming rights. It will probably buy one decent player like Drag. It's not the be all and end all, but it is guaranteed income for potentially 10-20 years depending on the length of the naming rights deal.
You're looking at potentially £30m a season for the naming rights. It will probably buy one decent player like Drag. It's not the be all and end all, but it is guaranteed income for potentially 10-20 years depending on the length of the naming rights deal.
----------------------------------------------------------------------
or if we are savy and do our homework I'm sure and extra £30m could be used to snaffle up any real decent freebies or near end of contract players. The £30m would allow us to pay and compete with others with better wages which has meant we have lost our on players before.
In regards to the new investment Levy is talking about, I'm surprised he has spoken about it publicly. He likes to to keep his cards close to his chest so I reckon he might have already struck a deal and preparing us for the news.
Probably not what Levy OUTERs wanted but very similar to the Jim Radcliffe deal at United. 25% or so BUT Levy will still have a final say on football matters unlike the Glazers. Instead they will be offered a dividend from the naming rights deal whilst the value of the club increases year on year giving them a decent return in the long run.
Sign in if you want to comment
Spurs make a loss of £86m
Page 1 of 2
posted on 3/4/24
Should have got the tax payer to build your stadium like Jim the rat is planning for billionaire football club utd.
posted on 3/4/24
I read Levy is getting a £300k pay rise and a £3m bonus
posted on 3/4/24
The link doesn't work Devon and I see what you are doing 🤣
posted on 3/4/24
The real scandal is Levy increasing his own salary AND paying himself a throughly undeserved bonus roughly equal to additional revenue made by fooking over seniors. Rat move.
posted on 3/4/24
Headline figures:
Revenue up £105m to £550m
Matchday revenue £117m (up £11m)
Operating Profit before player trading up £20m to £60m
Amortisation up £47m from £80m to £127m
Staff Costs up from £210m to £251m
Operating expenses up from £121m to £160m
Profit on disposal down from £19m to £15m
Sacking Conte & staff £5.11m
Spurs figures are always slightly distorted by the large depreciation cost which covers plant property and equipment, contributing about £70m each year. Much of this would not be included for FFP/PSR purposes and it is a function of having such a valuable stadium, deemed to be worth £1.5bn
The highest paid Director received £3,581,000 (up from £3.265m) and an accrued bonus of £3m paid over the year.
posted on 3/4/24
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 3 minutes ago
The link doesn't work Devon and I see what you are doing 🤣
----------------------------------------------------------------------
Fixed 👍
posted on 3/4/24
comment by Brian Gittins (U1449)
posted 4 minutes ago
I read Levy is getting a £300k pay rise and a £3m bonus
----------------------------------------------------------------------
He got it, this was paid last season.
posted on 3/4/24
comment by Devonshirespur (U6316)
posted 8 minutes ago
Headline figures:
Revenue up £105m to £550m
Matchday revenue £117m (up £11m)
Operating Profit before player trading up £20m to £60m
Amortisation up £47m from £80m to £127m
Staff Costs up from £210m to £251m
Operating expenses up from £121m to £160m
Profit on disposal down from £19m to £15m
Sacking Conte & staff £5.11m
Spurs figures are always slightly distorted by the large depreciation cost which covers plant property and equipment, contributing about £70m each year. Much of this would not be included for FFP/PSR purposes and it is a function of having such a valuable stadium, deemed to be worth £1.5bn
The highest paid Director received £3,581,000 (up from £3.265m) and an accrued bonus of £3m paid over the year.
----------------------------------------------------------------------
Operating profit is £138m, for 2022 it was £112m
posted on 3/4/24
Devon, there is one thing Levy missed off the accounts. Did you spot it?
posted on 3/4/24
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 6 minutes ago
comment by Devonshirespur (U6316)
posted 8 minutes ago
Headline figures:
Revenue up £105m to £550m
Matchday revenue £117m (up £11m)
Operating Profit before player trading up £20m to £60m
Amortisation up £47m from £80m to £127m
Staff Costs up from £210m to £251m
Operating expenses up from £121m to £160m
Profit on disposal down from £19m to £15m
Sacking Conte & staff £5.11m
Spurs figures are always slightly distorted by the large depreciation cost which covers plant property and equipment, contributing about £70m each year. Much of this would not be included for FFP/PSR purposes and it is a function of having such a valuable stadium, deemed to be worth £1.5bn
The highest paid Director received £3,581,000 (up from £3.265m) and an accrued bonus of £3m paid over the year.
----------------------------------------------------------------------
Operating profit is £138m, for 2022 it was £112m
----------------------------------------------------------------------
yes. before depreciation & exceptionals
posted on 3/4/24
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 2 minutes ago
Devon, there is one thing Levy missed off the accounts. Did you spot it?
----------------------------------------------------------------------
no mate. do share
posted on 3/4/24
comment by Devonshirespur (U6316)
posted 1 minute ago
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 2 minutes ago
Devon, there is one thing Levy missed off the accounts. Did you spot it?
----------------------------------------------------------------------
no mate. do share
----------------------------------------------------------------------
The old
COYS Daniel 🤣
posted on 3/4/24
comment by Devonshirespur (U6316)
posted 3 minutes ago
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 6 minutes ago
comment by Devonshirespur (U6316)
posted 8 minutes ago
Headline figures:
Revenue up £105m to £550m
Matchday revenue £117m (up £11m)
Operating Profit before player trading up £20m to £60m
Amortisation up £47m from £80m to £127m
Staff Costs up from £210m to £251m
Operating expenses up from £121m to £160m
Profit on disposal down from £19m to £15m
Sacking Conte & staff £5.11m
Spurs figures are always slightly distorted by the large depreciation cost which covers plant property and equipment, contributing about £70m each year. Much of this would not be included for FFP/PSR purposes and it is a function of having such a valuable stadium, deemed to be worth £1.5bn
The highest paid Director received £3,581,000 (up from £3.265m) and an accrued bonus of £3m paid over the year.
----------------------------------------------------------------------
Operating profit is £138m, for 2022 it was £112m
----------------------------------------------------------------------
yes. before depreciation & exceptionals
----------------------------------------------------------------------
What are your thoughts on the accounts?
I'm already intrigued for the next set of accounts which will include Kane's fee and the other players we brought in like Kulu and Porro. No Europe money either.
posted on 3/4/24
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 1 minute ago
comment by Devonshirespur (U6316)
posted 1 minute ago
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 2 minutes ago
Devon, there is one thing Levy missed off the accounts. Did you spot it?
----------------------------------------------------------------------
no mate. do share
----------------------------------------------------------------------
The old
COYS Daniel 🤣
----------------------------------------------------------------------
The OAP discount is an interesting thing IMO, with lots of layers to it.
Firstly, it is reported it will bring in an additional £3m or so, so not massive sums.
But, Spurs will no doubt be looking at the age of fans and be aware of the proportion of OAPs and the numbers of soon to be OAP. It is probably the case that an aging fan base is going to skew revenues as a greater proportion qualify.
But then, when you price the stadium so high, expect a high number of better-off middle-aged men getting the tickets, who will, over time become OAPs.
But also you have to wonder about the wealth of some of these OAPs. It seems crazy that some wealthy retired bloke (of which there are probably loads at THFC) can get a half price ticket. Levy will qualify in a couple years!
I have 2 mates whose retired parents own 2 STs, pay full price for 1 and discount for their own and the family share the spare one. The reduction to 25% discount over 5 years isnt going to break them, and i would suggest that is the same for a lot of folk.
And if a 64 year old can afford a ticket now, then surely they can afford one in a years time.
I personally think (and accept this will not be most popular) that a 50% discount for an OAP is very generous. I think its wrong that newly qualified OAPs get nothing, but that a 25% discount is about right.
By comparison, Liverpool STs offer a 25% reduction for over 65s
Also, Arsenal put up their prices 4% for 22/23 and have increased them by 6% this year. I think i am also correct is saying they have no OAP discount.
Yet Spurs seem to be the ones where these things make the headlines, SSN, BBC Sports etc
posted on 3/4/24
Yet Spurs seem to be the ones where these things make the headlines, SSN, BBC Sports etc
Probably because of loud our fan base has become along with social media platforms which project thsir opinions.
posted on 3/4/24
Wasn't aware how other clubs price their OAP's. If what you are saying about Woolwich is correct then it make sense about Levy following their lead because he often copies or follows their lead like he has done in the past.
posted on 3/4/24
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 22 minutes ago
comment by Devonshirespur (U6316)
posted 3 minutes ago
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 6 minutes ago
comment by Devonshirespur (U6316)
posted 8 minutes ago
Headline figures:
Revenue up £105m to £550m
Matchday revenue £117m (up £11m)
Operating Profit before player trading up £20m to £60m
Amortisation up £47m from £80m to £127m
Staff Costs up from £210m to £251m
Operating expenses up from £121m to £160m
Profit on disposal down from £19m to £15m
Sacking Conte & staff £5.11m
Spurs figures are always slightly distorted by the large depreciation cost which covers plant property and equipment, contributing about £70m each year. Much of this would not be included for FFP/PSR purposes and it is a function of having such a valuable stadium, deemed to be worth £1.5bn
The highest paid Director received £3,581,000 (up from £3.265m) and an accrued bonus of £3m paid over the year.
----------------------------------------------------------------------
Operating profit is £138m, for 2022 it was £112m
----------------------------------------------------------------------
yes. before depreciation & exceptionals
----------------------------------------------------------------------
What are your thoughts on the accounts?
I'm already intrigued for the next set of accounts which will include Kane's fee and the other players we brought in like Kulu and Porro. No Europe money either.
----------------------------------------------------------------------
TBH I am surprised with how bad the losses are.
We had UCL money (additional £40m UEFA prize money over 21/22), record matchday revs, and we started maxing out on the stadium use. Record revenues!
Costs have jumped because of the stadium use.
Amortisation surprises me the most having jumped by over 50% but i think that our spending has been a bit skewed by the loan to buy deals weve done, with the Romero deal coming into this period despite him being on the books for 18 months, Porro also and probably Maddison too, being an early buy before July.
The lack of shifting players Out also compounding this with GLC NDombele Gil probably costing £25m in amortisation but contributing nothing last season.
If you take out the depreciation we are more or less break even.
Kanes sale will add a one-off £100m boost and things like the Beyonce gigs will add 8 figure sums but with no Europe its difficult to see how the figures pan out into the future, especially if we lack UCL money.
posted on 3/4/24
As per, the financials are sound and we are not close to breaking the rules. It’s the one thing you can absolutely rely on Levy for, we won’t get caught out by that. Being back in Europe will help next year quite a lot I would imagine.
posted on 3/4/24
Potentially does not bode well for Ange and his (and fans) requirements next season.
Talking to "potential investors" is most likely smoke and mirrors from Levy ... wastes and buys him time from the truth. I mean we still have not got a stadium naming rights investor.... even a short term deal would have been better than nothing on that score.
posted on 3/4/24
comment by JimmyGreaves (U21183)
posted 1 minute ago
Potentially does not bode well for Ange and his (and fans) requirements next season.
Talking to "potential investors" is most likely smoke and mirrors from Levy ... wastes and buys him time from the truth. I mean we still have not got a stadium naming rights investor.... even a short term deal would have been better than nothing on that score.
----------------------------------------------------------------------
I have a feeling the naming rights deal has been put off whilst Levy looks for an investor. Once found, then the naming rights deal will follow to boost the value of the club and in turn the new investor's investment.
posted on 3/4/24
comment by Devonshirespur (U6316)
posted 14 minutes ago
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 22 minutes ago
comment by Devonshirespur (U6316)
posted 3 minutes ago
comment by Luka Brasi 🔫 The Sons of Ange 'If we l... (U22178)
posted 6 minutes ago
comment by Devonshirespur (U6316)
posted 8 minutes ago
Headline figures:
Revenue up £105m to £550m
Matchday revenue £117m (up £11m)
Operating Profit before player trading up £20m to £60m
Amortisation up £47m from £80m to £127m
Staff Costs up from £210m to £251m
Operating expenses up from £121m to £160m
Profit on disposal down from £19m to £15m
Sacking Conte & staff £5.11m
Spurs figures are always slightly distorted by the large depreciation cost which covers plant property and equipment, contributing about £70m each year. Much of this would not be included for FFP/PSR purposes and it is a function of having such a valuable stadium, deemed to be worth £1.5bn
The highest paid Director received £3,581,000 (up from £3.265m) and an accrued bonus of £3m paid over the year.
----------------------------------------------------------------------
Operating profit is £138m, for 2022 it was £112m
----------------------------------------------------------------------
yes. before depreciation & exceptionals
----------------------------------------------------------------------
What are your thoughts on the accounts?
I'm already intrigued for the next set of accounts which will include Kane's fee and the other players we brought in like Kulu and Porro. No Europe money either.
----------------------------------------------------------------------
TBH I am surprised with how bad the losses are.
We had UCL money (additional £40m UEFA prize money over 21/22), record matchday revs, and we started maxing out on the stadium use. Record revenues!
Costs have jumped because of the stadium use.
Amortisation surprises me the most having jumped by over 50% but i think that our spending has been a bit skewed by the loan to buy deals weve done, with the Romero deal coming into this period despite him being on the books for 18 months, Porro also and probably Maddison too, being an early buy before July.
The lack of shifting players Out also compounding this with GLC NDombele Gil probably costing £25m in amortisation but contributing nothing last season.
If you take out the depreciation we are more or less break even.
Kanes sale will add a one-off £100m boost and things like the Beyonce gigs will add 8 figure sums but with no Europe its difficult to see how the figures pan out into the future, especially if we lack UCL money.
----------------------------------------------------------------------
We defo need another clear out if the deadwood. Way too many established pros out on loan like Reg, Rodon and Ndombele. The squad has defo increased since Ange came in.
posted on 3/4/24
comment by Luka Brasi 🔫 The Sons of Ange 'If we lose I don't care' (U22178)
posted 4 minutes ago
comment by JimmyGreaves (U21183)
posted 1 minute ago
Potentially does not bode well for Ange and his (and fans) requirements next season.
Talking to "potential investors" is most likely smoke and mirrors from Levy ... wastes and buys him time from the truth. I mean we still have not got a stadium naming rights investor.... even a short term deal would have been better than nothing on that score.
----------------------------------------------------------------------
I have a feeling the naming rights deal has been put off whilst Levy looks for an investor. Once found, then the naming rights deal will follow to boost the value of the club and in turn the new investor's investment.
----------------------------------------------------------------------
Hope so, this dicking about is going to cost us dearly again on the pitch. The worry is even if we get an investor I assume the FFP knackers us regardless on what they can spend on players etc.
Although we may have moved the new ueffa rules whatever they are..... but they are supposed to be less stringant.
posted on 3/4/24
comment by JimmyGreaves (U21183)
posted 20 seconds ago
comment by Luka Brasi 🔫 The Sons of Ange 'If we lose I don't care' (U22178)
posted 4 minutes ago
comment by JimmyGreaves (U21183)
posted 1 minute ago
Potentially does not bode well for Ange and his (and fans) requirements next season.
Talking to "potential investors" is most likely smoke and mirrors from Levy ... wastes and buys him time from the truth. I mean we still have not got a stadium naming rights investor.... even a short term deal would have been better than nothing on that score.
----------------------------------------------------------------------
I have a feeling the naming rights deal has been put off whilst Levy looks for an investor. Once found, then the naming rights deal will follow to boost the value of the club and in turn the new investor's investment.
----------------------------------------------------------------------
Hope so, this dicking about is going to cost us dearly again on the pitch. The worry is even if we get an investor I assume the FFP knackers us regardless on what they can spend on players etc.
Although we may have moved the new ueffa rules whatever they are..... but they are supposed to be less stringant.
----------------------------------------------------------------------
You're looking at potentially £30m a season for the naming rights. It will probably buy one decent player like Drag. It's not the be all and end all, but it is guaranteed income for potentially 10-20 years depending on the length of the naming rights deal.
posted on 3/4/24
You're looking at potentially £30m a season for the naming rights. It will probably buy one decent player like Drag. It's not the be all and end all, but it is guaranteed income for potentially 10-20 years depending on the length of the naming rights deal.
----------------------------------------------------------------------
or if we are savy and do our homework I'm sure and extra £30m could be used to snaffle up any real decent freebies or near end of contract players. The £30m would allow us to pay and compete with others with better wages which has meant we have lost our on players before.
posted on 3/4/24
In regards to the new investment Levy is talking about, I'm surprised he has spoken about it publicly. He likes to to keep his cards close to his chest so I reckon he might have already struck a deal and preparing us for the news.
Probably not what Levy OUTERs wanted but very similar to the Jim Radcliffe deal at United. 25% or so BUT Levy will still have a final say on football matters unlike the Glazers. Instead they will be offered a dividend from the naming rights deal whilst the value of the club increases year on year giving them a decent return in the long run.
Page 1 of 2