alexafc12 wrote:EliteKiller wrote:alexafc12 wrote:EliteKiller wrote:alexafc12 wrote:I'm interested to see how much Spurs end up spending this summer. Especially since that is what Conte will demand to stay ...
Kulasevski and Romero are both on loan with buy obligations - so this summer they will have to put down £70m for them both. They also paid £25m for Bentacur in Jan so that's close to £100m already.
It's for frustrating we bottled CL football because had we pipped Spurs to 4th I really feel they would have struggled to compete in the market.
I suspect key for them will be moving on some of their loanees - interesting to see how Levy manages here. Lo Celso is on +£100k and Ndombele reportedly £200k. If they get sizeable fees for either then that will only evidence further how useless Edu is in the market.
Your numbers are way off - Kulu, Romero and Bentacur are all on payment plans - about 12m a year for five years covers all three. Spurs have also converted 250m of "Covid Loss" into a 20 year bond type deal - so about 15m a year .... and they've now had the first full season of stadium revenue - Joshua, Gaga, Conferences that's probably added 100m to their income, they sell over 1m of beer alone at NFL games. Strong rumour that they are very close to a massive naming rights deal .... bottom line they are feckin' loaded. FFP is gone it's now FFS where wages you can pay are based on a % of income, Spuds have one of the lowest %'s in the league, The timing for them getting CL has been perfect, and we let that happen,
The numbers are what are reported. Almost all deals in football are staggered payments - doesn't change the fact that they have spent a big outlay on players already. Their latest financial report has £140m of transfer debt - the above deals will get added to that and then paid down year on year.
They are certainly not 'feckin' loaded' going by their latest financial report and they have a huge rebuilding job to do in the summer. They have about 5 CL quality players in their squad. I agree though, per my opening comment a lack of CL football this year would have really hurt them.
The "latest" published financial reports cover the 2020-21 season which was the empty stadium season, Why do they have a huge rebuilding job? We are apparently progressing with 34 points in 2022 - Spuds under Conte have 41 points in 2022 - only 2 less than City. If they sign six new players (as Conte is demanding) they will then have a squad that's only behind City and the Dippers.
Sure they have spent reasonable money, 320m in the last three years, but they have also seen their income (ignoring Covid) go from 150m a decade ago to an estimated 500m for this current season - as we know building a 60,000 stadium will do that.
Over the two years of Covid Spurs reported losses of 80.2m and 67.7m that compares to us reporting 54m and 127m .... they have converted those losses into a twenty year bond, have we?
You're wrong they are loaded .... they have 100m of players to sell who are currently all out on loan .... N'Dombele, Gill, Lo Celso, Clarke, Cameron Carter Vickers and they signed Pepp Sarr last year, one of the top rated junior DMs in Europe, who will join them this summer.
Our only hope is that their CEO keeps his hands in his pockets and Conte buggers off ....
Your final point is right, us giving them CL football, that's 50m we won't get and 50m they will .... 100m difference next season, a huge swing that will really hurt
I'm not sure how you've come to the conclusion they are loaded. They generate lots of money but they also have huge debt to repay.
What do you mean they have converted losses into a 20 year bond ? They took out a loan from the BoE. We did the exact same. Many clubs in Europe took the opportunity to take advantage of all time low borrowing rates during the covid period so this is nothing new.
I'm not sure I agree with the transfer of loanees either. We've seen how hard it is to shift out-of-favour players, especially ones like Ndombele that earn £200k pw.
I've said why they need a huge rebuilding job. They have ~5 CL quality players and then rest are average at best.
Spurs announced early last year that they expected to lose £200m in revenue in their next financial year (only lost 67.7m) and the low interest 0.5 per cent 250m BoE CCFF loan was taken to keep the club cashed-up through the difficult pandemic months, it required paying back in full by March 2022.
That repayment has now happened, Spurs last month confirmed that the club has raised £250m through the sale of US private placements to institutional investors.
Presumably our loan for 120m required repaying as well, there is nothing on any website that I can find. I recall reading somewhere that we paid it back and took out a loan from Barclays, not sure if that was to cover our CCFF loan or not.
Good point on the loanees, I took transfermarket values, but as you say unless someone wants them they have no value.
The repayment of loans is important as any loan money could not be used for transfer funds, by converting to a private placement or in our case a bank loan, means that Spurs and Arsenal can now spend it how they want. The key point is we borrowed 120m and ended up losing 127m, Spuds raised 250m and only lost 67.7m so presumably they can inject 180m cash into the club. Hence I said loaded.
