Postecoglou & Lange (& Paratici) Watch

The way i see it (provided the article on the FFP is correct), the FFP thing is you cannot spend more than you can make. So provided the 400m FFP is true, it means you had that money there.

However, the 400m revenue, rather than being spent on funding new players has been spent on things like the stadium (in the earlier years), or a new ground or a some new land. this is why you still have 400m FFP (yes 400m is hypothetical, who knows what the real number is) as this sort of spending does not count towards FFP but don't actually have the 400m cash.

Billy is correct from what i can tell

 

How much does Levy earn a year? Where does that money come from?

 

Like any Director he receives a salary and bonus based on performance. Why do you ask? By definition those payments are a cost to the company and so not part of the profits.

 

He’s the highest paid director in the league isn’t he?

 

wow, that's a first i've heard for a defence.

 

Even if he took about £10m a season it wouldn't make much difference to our transfers.

I don't really get this approach or the criticism of the stadium and the other projects.
We've not done the business in either transfers or youth team management.
That needs to get sorted somehow and it's not going to change anything if we ignore the stadium.
The whole system needs an overhaul, but the other stuff has little or nothing to do with it.

 

I think people get pissed off at the fact that every project gets tackled in the right manner but the football one. They are all ENICs projects..our club is one of their projects. They happily blew their own arses off to get their Football stadium project done and dusted at any cost(for example)…Hotels…bam…they go up, no expenses spared etc etc.

Some of us want them to show the same zest for the football team project or **** off and let someone else show that zest for the football team.
It’s quite simple I think…I and I reckon the majority of other fans didn’t start supporting Spurs to see how well the owners do in their other projects. I couldn’t give a **** about them yet these other projects are always needing to be factored in for whenever we want to progress the first team…ENIC are always crying poverty when it comes to the football team so I guess people get pissed off when they see ENIC play their hand with the other projects and I guess that’s how these other projects have something to do with the football side.

We all know Levy took his eye off the team whilst balls deep in the stadium build…that’s why these other projects are important distractions and rightfully mentioned and vilified.

It’s their whole stinking demeanour and attitude when it comes to improving the team compared to their hunger and drive for their other ****ing projects.

 

They're not spending money on those projects, though. They pay for themselves.
The value of the club increases every time they do any of it, so they can't really miss out.
That's not remotely true in the case of an Ndombele, for example.

Our transfer spending has increased since the move to the new place.
The increased revenue has seen more money being spent on players, for the most part.
The pandemic has clearly ****ed that up, though.
Clubs that are still massively spending are either enormous or backed by crooks.

 

I have asked this before and really can't remember getting an answer so here goes.

Who actually owns the new stadium and all the surrounding projects (hotels, houses, golf course etc), ENIC or THFC?

Take the stadium for example, do THFC get all the profits from other activities such as NFL or Boxing, do THFC get all the profits from the surrounding buildings or is that shared?


EDIT........apologies to anyone who did answer, i genuinely don't remember seeing one.

 

https://www.thstofficial.com/thst-n...-and-corporate-structure-of-tottenham-hotspur

I think that's about as good as you're going to get.

 

I think Woodward at Man Utd was the highest in the most recent accounts.

 

Just stating a fact. I don't have an opinion on whether he is paid the right amount.

 

It's actually a very good summary....thanks for posting it.

 

you said Levy doesn't "eat into the profits" because he gets paid and is an expense.

By virtue of the fact that he's is an expense/liability on the clubs cashflow, that affects the profits at the club. If he wasn't paid his 10m (or whatever it is), if you're profit was 0 at the end of the year it would have been 10m so i don't get your defence line at all.

 

The whole point of all these projects is to increase revenue so that more can be spent on the team.

 

That is one mixed up business structure

On a quick skim the company's could be sold off in blocks which could end up in a total disaster for you.
You do get the NFL money

I found this bit interesting though

THSL owns and operates the stadium and contributed £96m in revenues in 2019-20. It earns income from ticket sales, corporate hospitality and, we presume, match day food and drink sales

So much for the bigger stadium bringing in more matchday revenue.

 

Where are they getting the money for the investments though from the starting capital for the initial purchase to the ongoing costs? Surely it's not paid for 100% by a bank loan? At the very lease, even if it is a loan and low interest, the interest + the repayments must be coming out of the club as whatever ongoing project that is going on presumably isn't generating any revenue until it's complete

 

Entirely true but my original post said that ENIC had not taken a penny of the profit (in response to a claim that ENIC had trousered the money). What the club chooses to pay Levy is entirely irrelevant to that discussion.

 

You have not understood it at all then.
All the subsidiaries are owned by THL (the football club) who would keep any money from selling any assets and all the profit from the stadium.

 

That's semantics.

It's similar to how City pass FFP because the arabs give some dubious sponsorship to City but as it's not been directly given from the owners it's fine