Clearly you did some hardcore number crunching to come to that conclusion. LoL
Thanks for your input.
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Clearly you did some hardcore number crunching to come to that conclusion. LoL
Thanks for your input.
That's before we sold kane right? So that works out at about £14m profit. Add that to the previous 2 years plus the fact you are actually allowed to run at a loss for 3 years of £105m roughly I believe. They could dare to do if they wanted to they choose not too. How much profit has the club actually made since they've been here?
If I could be bothered to get that deep into it I would. We were the same as atletico Madrid once under enic both looking to step up. Look at what they've gone on to do and look what we have. The difference is owners who are hell bent on winning rather than hell bent on profit. It's doable they choose not to that's the be all and end all of it really.
Don’t think we’ve made a profit as a business per se. What has happened is the value of the club has increased from c.30M to 5BN which is all profit to ENIC when they sell a stake or outright. They can also leverage this inwould imagine for other investments
Or look closer to home (4M down the road) for an even starker assessment of ambition over profit
I know it can be done. I know that it could have been done a long time ago. I might not be able to articulate it properly but I know they could and should of done more to secure on field success.
Selling a minority stake is a step forward - assuming they don’t pocket it all and some of it finds its way back into the club
I know nothing about AMs finances and I strongly suspect you don't either.
Basically you seem to think Spurs are sat on a pile of unspent cash........ How much is there specifically?
Probably a lot more than what atletico have had over the years since enic have been here.
What jumped out at me was the fact the women's team gets investment from the pot. This is BS to me. They should be self sustaining and only have access to funds raised by themselves.
Best day of the year for a Levy fanboi you mean. I bet the usual faces on here have their kleenex out.The best day of the year as a Spurs fan
That's a complete non-answer.... Not even an honest guess.
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Also means they are going nowhere. I’ve a feeling Levy staying and Lewis’s Trust selling up is what’s going to happen.
I've obviously missed something.........
How you getting from 160m loss minus 105m threshold not equating to 55m OVER the limit?
"4th highest matchday earnings in Europe!, You'll never sing that"
I bet all the accountant fans we have have spaffed so many times this morning they are in need of a water tablet to re-hydrate.
I bet all the accountant fans we have have spaffed so many times this morning they are in need of a water tablet to re-hydrate.
That’s not how the PSR limit is calculated.
Our wages are actually just higher than Woolwich. Still under 50% though.
Shows how important champ lge is. We got 56m from a poor campaign. Next results won’t have anything. Beyonce will have to shore it up.
The new PSR rules in the summer are going to have a limit on wages etc of up to 85% apparently. We are well under. UEFA rules are going to be 70% , no problem.
He says they are discussing investment from outside, if you value the club at 2bn, a 10% stake will bring in 200m.
Frightening how much amortisation costs us on the books. Ndombele alone costs us 10m every season.
The money for Kane will show as pure profit on next years figures.
Shows how important champ lge is. We got 56m from a poor campaign. Next results won’t have anything. Beyonce will have to shore it up.
The new PSR rules in the summer are going to have a limit on wages etc of up to 85% apparently. We are well under. UEFA rules are going to be 70% , no problem.
He says they are discussing investment from outside, if you value the club at 2bn, a 10% stake will bring in 200m.
Frightening how much amortisation costs us on the books. Ndombele alone costs us 10m every season.
The money for Kane will show as pure profit on next years figures.
"Whilst Spurs losses over last three years are high at £232m the annual depreciation charge of £72m"
232-(72*3)=16
105-16=89
£232m
minus the annual stadium depreciation of £72m x 3 (£216m)
= £16m
So £89m below the £105m limit
It's like Countdown in here