THFC Accounts - 2012

[ArcspacE]

Tottenham Hotspur 2012 full accounts have been published: loss before tax £7.3m (2011 profit before tax £0.4m)

Thanks to tax credits, THFC loss after tax smaller (than before tax loss) at £4.3m (2011 profit after tax £0.7m).

revenue dropped 12% from last year’s record £163.5m to £144.2m, which is still 6th highest in England and 13th highest in the world.

2012 revenue £144.2.5m (2011 £163.5m): match day £41.1m (2011 £43.3m), TV £61.6m (2011 £83.1m), commercial £41.5m (2011 £37.1m).

Main reason for THFC £19.3m revenue fall is going from Champions to Europa, cutting prize money & gate receipts by £30.7m (37.1m to 6.4m).

2012 domestic TV revenue up £5m, mainly due to higher league position (4th vs 5th) and 6 more live televised matches.

THFC 2012 commercial income up £4m, mainly due to more revenue from main sponsorship deal, offset by lower merchandising sales

2012 profit on player sales £9.2m similar to 2011 £8.6m, including Crouch, Palacios, Keane, O’Hara, Hutton, Pavlyuchenko and Corluka.

2012 staff costs cut 1% to £90.2m (2011 £91.1m), though wages to turnover ratio rose from 56% to 63% following fall in revenue.

2012 player amortisation fell £14.5m to £25m “as a result of significant player disposals”.

2012 gross debt up £8m to £86m (2011 £78m), comprising bank loans and securitisation funds. Less £16m cash gives net debt of £70m.

 

[RSpurs]

Still pretty good and sustainable. So important for us as a club to have these sort of figures - especially as they will kick us on higher if we can manage a run in the CL.

 

[josh_spurs]

Does this mean we can buy Damiao again

 

[LarryCatt]

Quite a significant loss though?

 

[Audere]

and 70m debt?

Whats that for?

 

[Blanchflower]

and 70m debt?

Whats that for?

Debt already raised to build the stadium

 

[Raitei]

"The debt comprises £52 million of bank loans, including a £15 million short-term revolving loan from HSBC, a £30 million facility with the Bank of Scotland at a floating rate linked to LIBOR and a new £7 million facility from Investec specifically for funding the new training ground; plus £25 million of loan notes at an interest rate of 7.29% repayable in equal installments by September 2023; less £21 million of cash." That's from Swissramble in Dec2011

 

[Blanchflower]

Tottenham Hotspur 2012 full accounts have been published: loss before tax £7.3m (2011 profit before tax £0.4m)

And yet people continually question Levy's integrity in the transfer market.........what exactly is he supposed to buy the £30m striker with?!....

 

[Raitei]

And yet people continually question Levy's integrity in the transfer market.........what exactly is he supposed to buy the £30m striker with?!....

It's not been a case of not want to spend money though has it, Internacional have confirmed we've made bids around £20m, we also made some fairly hefty bids for Moutinho too.

 

[Carlito Brigante]

Maybe if he hadn't spent millions on trying to secure a white elephant in east London.

"Other expenses" wouldn't be so high.

Player amortisation is utter toilet, we will be writing off players that have a massive potential uplift in value.

Football club income statements are laughable.

 

[Blanchflower]

It's not been a case of not want to spend money though has it, Internacional have confirmed we've made bids around £20m, we also made some fairly hefty bids for Moutinho too.

All with clauses and payments over time.

But that's not really my point - people think Levy is sitting on some sort gold mine and just lining his own pockets...........the club has virtually never paid a dividend to shareholders

 

[Blanchflower]

Player amortisation is utter toilet, we will be writing off players that have a massive potential uplift in value.

Which is then realised when you do sell actually sell them........

would you prefer we still had Bentley down on the books as being worth £16m?

 

[Audere]

All with clauses and payments over time.

But that's not really my point - people think Levy is sitting on some sort gold mine and just lining his own pockets...........the club has virtually never paid a dividend to shareholders

Well he recently gave himself a 400k pay rise......

Do these figures include the sales of Modric does anyone know?

 

[Carlito Brigante]

Which is then realised when you do sell actually sell them........

would you prefer we still had Bentley down on the books as being worth £16m?

Perhaps we should take a yearly loss on the likes of bale and Sandro.

Just don't capitalise players, or do an annual impairment review.

How is player amortisation opex? Its shite.

 

[Audere]

Perhaps we should take a yearly loss on the likes of bale and Sandro.

Just don't capitalise players, or do an annual impairment review.

How is player amortisation opex? Its shite.

Its for tax reasons. It makes sense to say they have lost money.

 

[ArcspacE]

Bit of additional perspective

 

[Carlito Brigante]

Its for tax reasons. It makes sense to say they have lost money.

And an excuse to claim poverty.

Fact is we made 40 mil last year and 20 this before tax.....yet if Levy wants to sell he needs a big fuck off asset to sell.....

Have you guessed what it is yet.....

 

[ArcspacE]

 

[Carlito Brigante]

Bit of additional perspective

You can't help but admire a monster like united.

 

[ArcspacE]