Shame you spoilt your post by being rude and nasty to one of the greatest posters ever to grace this forum.
Grow up, and be kind.
#kinderpolitics
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Shame you spoilt your post by being rude and nasty to one of the greatest posters ever to grace this forum.
Grow up, and be kind.
#kinderpolitics
Levy: Refinancing of debt will have no impact on transfer ambitions
This summer saw them spend around £120m net on players and Levy insists the refinancing will help them operate along similar lines as they balance longer-term debt with the freedom of no longer having to meet the 2022 deadline for repayment.
Not sure where the evening standard got that net unless they are including all of Lo Celso's transfer fee. I you include just his loan fee the net spend in about £70m. If we can expected about £50-100m NET spend a year that would be on the same level as United, which seem bonkers.
This summer saw them spend around £120m net on players and Levy insists the refinancing will help them operate along similar lines as they balance longer-term debt with the freedom of no longer having to meet the 2022 deadline for repayment.
Not sure where the evening standard got that net unless they are including all of Lo Celso's transfer fee. I you include just his loan fee the net spend in about £70m. If we can expected about £50-100m NET spend a year that would be on the same level as United, which seem bonkers.
Fair play for having a stab at finances. But your calcs are usually wrong (the money lost by capping our tickets at 50 pounds for example is not anywhere near 70m as you said in another thread).
On this issue....
Do we just pay the interest, or do we repay the capital too? if we want to repay the interest its 15m a year. If we are paying the capital back, we need to save another 25m a year. So 40m in total.
Assuming we got a stadium sponsor for 20m and we only paid the interest of 15m. That would leave us with 450m a year revenue with no interest to pay.
If we paid capital it would be roughly 450m revenue minus 40m. so 410m after financing.
So benefit of only paying interest, is more money for players. Plus, the added bonus in growth of revenues in football largely outweighs growth in inflation.
ie our revenue 15 years ago was 70.6m a year. 15 years later its 450m. Thats 637% growth!!
637% growth over 15 years in future would give us revenue of 2.9 billion a year. Now clearly football cant grow at that rate forever. So even if we say 200% revenue growth by 2034 of 450*2 = 900m.
If we turnover 900m a year when the loan expires (at earliest). We could easily refinance the 640m or a portion of it without much fuss.
The crux of the matter is if we just pay back the interest. our revenues will grow so fast to make the capital repayment fairly insignificant by the time it gets to pay it back.
Anyone wanna comment on these assumptions?
Barca couldn’t get 20m per year for their stadium so what chance have we.
Domestic tv deal has hit a brick wall , cannot see it increasing in the future.
CL deal....BT paying way over the odds for it. Another one that won’t get much bigger.
We will increase our revenue with concerts NFL rugby at the stadium. Poss boxing as well.
With the artificial pitch we can hold lots more events than anyone else.
Only way the tv deal will increase greatly is if the likes of Netflix take over. Worldwide 100m subscribers at £10 per month....1bn per month . Approx 12 bn per year opposed to 3 bn at the moment.
The above tv deal is an idea from Simon Jordan recently. Like him or not it does make sense.
Whether it could ever happen..who knows.
Look at the problems of La Liga. No one wanted their matches at the price they wanted to charge. It’s ended up with Premier Sports.
Eleven Sports had it last season and couldn’t make it pay. Think it was only 25k subscribers in this country.
If we could get past the problem of live games at 3pm on Saturdays, we could go down the Bundesliga route of every match being on live. Problem is that it’s split between 3 companies so would cost us more.
We ste talking 15 to 25 years into the future. Turnover doubling is a lowball estimate
Until you understand that a referendum is NOT legally binding, it is an opinion poll and nothing more, then pretty much anything you have to say on the subject is invalid.
To be honest though, if we do crash out without a deal, it will be the great unwashed, uneducated fuckwits who voted for brexit who will suffer most. I'm ok with that to be honest. Fuck 'em. Make your bed, fucking lie in it.
Wales for example - the valleys towns voted for brexit and they get the most EU funding out of anywhere else in the UK. Can't wait to see the squalid little shitholes suffer even more poverty as a result. Turkeys voted for Christmas, and now...they gonna pay.
No
Yes a grand plan to make even more money, but not seriously invest any of that in the squad..he says he is a fan, really?
He says for us to be able to compete with Europes best, but he thinks that he can do that as he puts it by doing things slightly differently....no you cannot, if you want to compete then you also have to compete with these clubs on an even footing. Much like athletico Madrid do against real and barca...big players leave, yes but those big fees are happily re invested to keep the club competing.....
Maybe not
You are somewhat off track .... you need to at least understand the structure before making your assumptions ... how are the bonds structured and who pays them back.
On the question of how the bond is structured ... it will depend entirely on how the individual bond is created by the issuer. The investors in corporate bonds are in essence lending money to an ENIC company for a fixed term, that money receives annual interest 2.66% until it is returned in full on maturity. However a borrower is usually required to set aside money during the lifetime of the bond to ensure cash is available to repay loans in full at maturity. This would be between the bond issuer and the insurer and is no doubt privileged.
More relevant for Spurs is who the loans are for and who pays them back
You seem to completely ignore the fact that Spurs are not a single entity and that loans are not in one place. Tavistock Group owns ENIC, which owns ENIC International Limited beneath which sits several companies including the TOTTENHAM HOTSPUR STADIUM DEVELOPMENT LIMITED Company number 10148712 then there are also seperate companies for the Love Lane, High Road West and the Goods Yard developments, some of the loan monies will no doubt have been allocated to these projects which will in turn be expected to pay those loans back .... not all on the football club.
You can dumb down a loan to the lowest level ie 600m at 2.66% over 30 years will cost around 30m a year but that doesn't help much if you don't know what the football club's share of the repayments will be ...
Suffice to say we are massively better off with the new stadium than without it ....
Long term the repayment of the loan is fairly insignificant, at most it will represent only 5% of our total income ... player wages represent closer to 50% and will have far more bearing on what we can and can't afford over the next 30 years.
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Daniel Levy :
“We could easily have spent more money on players,” he said. “Who knows if that would have brought us more success or not? The right approach is to build from the bottom up. There is no quick fix to becoming a much more significant global club.
www.standard.co.uk
Only God Daniel, luckily for you only God.
“We could easily have spent more money on players,” he said. “Who knows if that would have brought us more success or not? The right approach is to build from the bottom up. There is no quick fix to becoming a much more significant global club.
Levy: Refinancing of debt will have no impact on transfer ambitions
Tottenham chairman Daniel Levy has insisted there will be no impact on the club’s transfer activity after refinancing the £637million debt on their new stadium.
www.standard.co.uk
Only God Daniel, luckily for you only God.
Yep. He is building the club but the football team has lost its soul and is starting to crumble before our very eyes
Mr Daniel aint no true fan , only the swart backs, metropolitan rednecks , brainfarts believe that.
He aint all bad but his mothership never going to trophyville.
He aint all bad but his mothership never going to trophyville.
Money is no guarantee but it certainly enhances your chances of success city have proved that even if some disapprove of their owners.Daniel Levy :
“We could easily have spent more money on players,” he said. “Who knows if that would have brought us more success or not? The right approach is to build from the bottom up. There is no quick fix to becoming a much more significant global club.
Levy: Refinancing of debt will have no impact on transfer ambitions
Tottenham chairman Daniel Levy has insisted there will be no impact on the club’s transfer activity after refinancing the £637million debt on their new stadium.
Only God Daniel, luckily for you only God.
Perfectly put mate
No doubt the camera will capture him, tear in the eye, on October 6 as his lifetime goal comes to fruition when Chicaga Bears take to the field to face Oakland Raiders at the Naming Rights tbc stadium