Financial Results - Year Ended 30 June 2022

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So for any finance wizards how far off are we from being at our top spend let's say before we get into FFP problem territory. Another season with a loss mainly being blamed on shit expensive signing stealing wages and no CL last season.

Hardly makes you think we can go big next summer even if we get CL
 
Nutter-Naylor said:
So basically expensive donkeys like Ndombele and Lo Celso are restricting our ability to spend on new players.

Hopefully puts paid to our 'buy young and hope they come good' M.O.
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Mate they were not young punts though they were the literal top shelf considered nailed on stars. With only super stars above them. We just got our scouting full wrong on both of the jokers...but they were us showing ambition.
 
Just need these FFP rules to really stick. Need the higher spending teams to come down dramatically and us to keep inching up. Also need our recruitment team to shore up our transfers and keep them to potential up and comers. Lo Celso, Ndombele, Requilon, even Sess tbh really soured the pool. Also need a quality manager at the helm ;)
 
More Jam tomorrow. Been hearing about how FFP will be the game changer for us for years. Big clubs will find ways to spend big money FFP or no FFP. That isn't us.
 
Shotgunofmichalebrow said:
Mate they were not young punts though they were the literal top shelf considered nailed on stars. With only super stars above them. We just got our scouting full wrong on both of the jokers...but they were us showing ambition.
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We signed Lo Celso after we failed to get Dybala didn't we?
Our ambition always seems to be to sign someone on the 2nd or 3rd list of options.
 
Operational profits or losses are incidental in the minds of fanbases when judged in relation to on the field achievements' and Levy is pointing the finger (at) whilst screaming from the rafters about the financial clout of sovereign clubs and admitting a categorical refusal to compete with them.....well no shit Shylock.
:levywhoa:
 
Ed Vanderlay said:
Who do you feel would be responsible for the 162 million pound swing . For example if Tesco made a profit of 500 million that became a billion pound loss due to terrible investments who would the non execs on the PLC board hold accountable.
We are talking about a series of large investments for Spurs that have turned out to be disastrous, so I repeat who would the non execs on a PLC board blame. Actually I don’t need to ask the question I know the answer already .
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I don't get the blowing of the trumpet over the 500 mil spent placing us in top spenders. Then admitting what was spent was on unwise purchases. Why should we give any credit to 500 mil with a large proportion of it being wasted ?
Conte said we have to stop making mistakes in the market and Levy admitted it.
 
Matt1882 said:
Do we owe anyone money? Or is there simply less if it?
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Did you miss the 800+ million in loans at 2.8% interest?

And just because the loss after taxes factors in amortization, etc. does not mean it isn’t real money.

The club also uses amortization to value purchases so it evens out.

You can’t expense the total cost of the transfer fee for purchases and also list amortization as a loss… that’s illegal. That’s like saying you spend 20K on a car and also are losing money on its depreciation. You either count the upfront payment as the expense or you count the depreciation (amortization) each year as the expense.
 
prinmemo said:
The loss was mainly due to non cash items like depreciation and amortization. Free cash flow likely close to £100 million.

They have managed the tenor of the debt very well, but an 8.0x debt to EBITDA ratio is quite high.

With UCL this season and things basically back to normal on the COVID front, I would expect this season to be a banner year financially.

If we can make the quarterfinals or deeper into the UCL and requalify for the UCL, we should have lots of free cash flows this fiscal year. It should give us capacity to invest in better players.
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The winner automatically qualify so we don’t need to worry about that
 
Yorkshire Yid said:
I mean let's see how that goes for City shall we before we think that's what we should be doing shall we
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Chelsea? Not even being looked at.
Newcastle? Spent us under the table offer the last 2 windows (net ) with no Europe, let alone champions league. Basically relegation fodder for years then suddenly spend £100m on 2 players plus wages.
Even Woolwich, where does a team that hasn't had Champions League football for 7 years, get the kind of money they're throwing about? Their wage bill is enormous too.
 
bonaspur23 said:
Did you miss the 800+ million in loans at 2.8% interest?

And just because the loss after taxes factors in amortization, etc. does not mean it isn’t real money.

The club also uses amortization to value purchases so it evens out.

You can’t expense the total cost of the transfer fee for purchases and also list amortization as a loss… that’s illegal. That’s like saying you spend 20K on a car and also are losing money on its depreciation. You either count the upfront payment as the expense or you count the depreciation (amortization) each year as the expense.
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If more money comes in than goes out on an annual basis, you are not making a loss.

Why is that so challenging? Making less than the period before, but still having a positive sum of money is a reduction in profit, but it's still a profit.
The loan for the stadium is how much? Is it more than the declared NINETY MILLION POUNDS the stadium generated?

Making a loss, and making less money are vastly different things.
 
Matt1882 said:
Newcastle? Spent us under the table offer the last 2 windows (net ) with no Europe, let alone champions league. Basically relegation fodder for years then suddenly spend £100m on 2 players plus wages.
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Newcastle were badly underinvested for years under Mike Ashley and had the second most running room under FFP not too far behind us.

They haven't really spent all that much money yet and are nowhere near breaking any rules, and barring collapse will get a big cash injection from European football next year.

The subtext of all the City stuff is the question of whether the rules will be enforced against Newcastle, which would slow their rise but won't stop it.

Unlike Chelsea and City, Newcastle's initial burst of investment has been done very, very sensibly.
 
Matt1882 said:
Chelsea? Not even being looked at.
Newcastle? Spent us under the table offer the last 2 windows (net ) with no Europe, let alone champions league. Basically relegation fodder for years then suddenly spend £100m on 2 players plus wages.
Even Woolwich, where does a team that hasn't had Champions League football for 7 years, get the kind of money they're throwing about? Their wage bill is enormous too.
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They are getting their money from sponsors and their owners, they are being looked at with regards to ffp - every club does
 
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