Roflham Lolspurs - "It's Just Who We Are Mate"

[TheBrownBottle]

1 hour ago, bobbydazzla said:

 

From what I can see that article says that the £72m a year is an annual depreciation charge on the stadium ?

 

I'm not a bean counter, but I can navigate the basics of a balance sheet and depreciation isn't debt repayments

 

Happy to be corrected though

 

 

Edit: had another quick squizz at their accounts as that's where I got my info from. Unless I'm reading it completely wrong they pay £25m a year for their finance. They owe £850m to various lenders, with an average term of 20ish years and average interest about 3%

The finance for the training ground was paid off in early 2023

 

 

 

 

You’re dead on - that’s precisely what it is.  It’s not a payment - it’s the amount of the original cost of a property which is amortised for accounting or tax purposes across a fixed period (usually as a percentage of the original cost).  Spurs’ actual repayment costs could be a different sum. 

[leffe186]

1 hour ago, The College Dropout said:

It looks like Spurs are all about becoming a big club financially but not on the pitch by winning trophies. 
 

This squad is in transition imo. It’s for 2-3 years down the line. A lot of teenagers.  

Yeah that’s part of the point - this is a transition that was needed at least a couple of years before it eventually happened. Doesn’t preclude us being able to win trophies now or later, but it was never going to be without at least a little bit of pain.

 

I think people are partly protesting because of missed opportunities in the recent past, partly because however impressive the wage-to-turnover is - and it is impressive - if you want to be one of the big boys sooner or later you have to spend real money. The Postecoglu stuff is harder to parse because we’ve truly looked bloody good at times then everyone died, and that is clearly a result of his coaching, bad luck, and the timing during squad-building. I don’t think the fans would be protesting if we were winning/playing better, and I don’t think that part is really down to Levy.

[TomYam]

2 hours ago, The College Dropout said:

It looks like Spurs are all about becoming a big club financially but not on the pitch by winning trophies. 
 

This squad is in transition imo. It’s for 2-3 years down the line. A lot of teenagers.  

That's kind of how it was with Spurs back in the middle to late '80s. Making masses of money first, winning second. Remember they were the first club to float on the stock exchange and set up a marketing dept. Taught ManU a thing or two.

[PauloGeordio]

 

[duo]

Was reading an article about why they are protesting and one of the quotes was:

 

Quote

This is despite the club posting a revenue of £615m last season and charging the second-most expensive adult season ticket in Europe at £856. 

Do they mean as in thats the cheapest you can get one?

 

 

Edited Tuesday at 00:05 by duo

[Zero]

615m revenue. How about the net profit?

 

 

Edited Tuesday at 02:55 by Zero

[Disco]

Dan Levy has requested Spurs never be referred to as Tottenham as the local area makes him wince, feel physically ill, and is harming profit for shareholders.

[gbandit]

2 minutes ago, Disco said:

Dan Levy has requested Spurs never be referred to as Tottenham as the local area makes him wince, feel physically ill, and is harming profit for shareholders.

 

[Joe1984]

5 hours ago, Disco said:

Dan Levy has requested Spurs never be referred to as Tottenham as the local area makes him wince, feel physically ill, and is harming profit for shareholders.

But Tottenham is just who we are mate...