Match Day Thread Tottenham Hotspur v Nottingham Forest
- Thread starter PleaseNotPoll
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I think you are both partly right. Capital investment by the owners can't be added to the FFP calculation, but if cash is short but the FFP rules are otherwise complied with then capital injections can be spent on players.
I think that part is 100% right.
I don't think the rest of your post disproves my claim that all our excess revenue is spent on the team though because I think the £150m plus the increased loans after Covid are sufficient to cover all the non player capital expenditure.
I'm very willing to accept proof of your conjecture...but, as for my original statement, there isn't any. That's the problem with the structure and machinations of the club, it's murky waters. Money and assets are shunted around, making it tortuous, even for those with far greater skills than I ever possessed, to get a true handle on things.
It may be that the 2022 capital injection squared the account, but I wouldn't bet on it, not a penny piece. If it was, whether any account was taken of vast inflation in the football market, I doubt highly.
I'm confident that whatever the outcome of tallying the capital investment against non-football spending of football money, it does nothing to address the issue of priorities at the club. Where money is required for thecdevelopment of property, it has precedence over sporting need. It has done throughout ENIC's ownership and is likely to do so again, unless ENIC can find a sucker to 'buy in' at an inflated value. The building works must proceed at all costs.
My analysis is quite simple.
The latest balance sheet shows shareholders funds plus retained profit to be less than £200m (not counting the revaluation reserve for the stadium). It also shows that Intangible Assets (which is essentially the remaining value of players bought in after amortisation) is nearly £300m. So the money spent on players exceeds the shareholders funds. Am I missing something?
I am a fan of Liverpool's center half for some while and wished we had picked him up when he became available.I do believe we need to start over starting at this position with a player with a bit of steel and command about him.But where?Some where on this planet,our saviour is waiting....!? BEAM ME UP,SCOTTY!