That's the other worry with Bardghji: he's letting his contract tick down so he can get a bumper contract offer from somebody The obvious suggestion if Bayern, given their track record of doing exactly that, though there are rumours Chelsea or Man Utd are sniffing around as well
I didn't actually say that though. And we can only pay more wages if we spend less on transfers. There is a possible way of doing that but it's quite a risk.
Most companies pay their senior executives partly in shares or options so that they have bigger incentives to act in the interests of the shareholders. Levy is about as incentivised as is possible to increase the value of the Club and sell it. I don't see why that as a bad thing because, for example, the value of the club is probably 20% higher and a sale more likely if we win the Europa.
That seems like an enormous overestimation, at a glance. And as the past 6 years have amply demonstrated, with a multi-function venue in a major capital city, there are innumerable other avenues to increase the overall value of the asset, none of which are as risky as football. As I've said previously, the principle asset ENIC now sits on is the stadium, not the football club. It has exponentially more potential for profitability and with a far clearer path than trying to navigate the toughest league in the world. We're a venue, not a football club.
I don’t get your point then. It was a list of free agents, I was merely saying the ones on it I’d like to see at Spurs.
I don't think you are right. The venue seems to make about £5m net revenue per event. Getting more than 50 events is a huge challenge so I reckon it's worth a billion or so. The football part is worth a few times that, not because it gives a revenue return but because pot hunting billionaires want the reflected glory. The assets are orthogonal but depend on each other because more than half the events are football matches currently.
Assume a max of 25 games per season. You have the revenues : 1. R from all football-only activities 2. R1 from match day support 3. R2 from broadcast TV 4. R3 from merch etc So : - R = R1 + R2 + R3. - In order to generate R for ENIC, for the same number of non-football events, each event has to generate a minimum IR = R/25. Therefore, with the currently available accounting data for THFC, is IR >= R/25 ... ?? < the numbers don't lie >
My point was that for events the only value is the revenue but the club seems to be worth a lot more than the net revenue. I don't think the revenue changes much if you replace all the football matches with other events. But the net revenue of the football club is negative so can't be responsible for the multi billion valuation.
I get what you mean but without having to pay the transfer fee, the club has more room to manoeuvre with free agents.
I contend there is no "for profit" buyout of ENIC in which a successful/entertaining football club has little to no part in the plans of the new owners. I await presentation of the numbers that show me otherwise ...
Not necessarily: Perisic was on £150k a week when we signed him on a free, which for context makes him the fifth highest-paid player in our history behind Kane, Son, Maddison and Romero
Logically the value of the player to us and to competitors wanting to sign him is completely independent of his contract position. If the buyer has to pay a transfer fee that leaves less money for wages whoever signs him. If he is a free agent all the value ends up in the player's pocket rather than some going to the selling club. That makes the negotiation simpler for everyone.
Yeah but the reason Spurs paid that much to him is because there was no transfer fee. I agree that’s the same for other clubs and it means the real winner is the player but it means Spurs can pay an individual more than usual.
Thats only 8m a year. Say perisic only deserves 75k over 5 years thats only 20m extra (the transfer for average players is at least 20m). What would someone like jonathan david cost? 35m at a minimum? The only thing about the big wages is the wage inflation the rest of the team may want or that you need to account for the budgets for the next few years as fans would want all transfer moneys spent
And even then, those wages come nowhere near what our rivals are paying their best players. And therein lies the problem imo. We don't seem remotely interested in raising the wage ceiling.
