I think the TV money will help Spurs offset some of the outlay for a new stadium, but you won't be immune to the financial pressure that it brings. Contrary to the claim that we used it as an 'excuse', having a £390m debt has an impact on your ability to compete with the top clubs in the PL. For us that was especially compounded by the fact that at the same time Chelsea and City were changing the landscape of the market with obscene figures which completely skewed the transfer market. I think Spurs' biggest issues will not be financing their stadium, but hanging onto their best players. People like Kane will want to play at the top level and unless Spurs can offer it, he and others will look elsewhere. This is why it's so important that Spurs grab the opportunity that Chelsea have handed them this season to get a top 4 place. Missing it would be a massive failure
You couldn't compete with City and Chelsea financially, regardless of the stadium move. Nobody could. The stadium debt was recovered by developing the old stadium and selling it on and sponsoring the new one. You were still outspending virtually every other team in the league, barring the two already mentioned and perhaps Man Utd. The location and value of your old stadium made the money owed a complete formality and your board knew it. It wasn't about owing money, it was Wenger doing exactly what he's doing now.
The sale of flats from the old stadium never reached the projections (not initially anyway) as the housing market slumped soon after. The spending of City and Chelsea compounded the financial restrictions we had. I'm not saying we couldn't have spent more on transfers, Wenger has always been cautious in the market, and given the astronomical figures that started to arise, he probably got more right rather than simply spending everything we had. I'm glad we're in a position now where we can afford £42m on one player and top wages, rather than blowing it all to try and keep up with City and Chelsea and going bust.
You were never in any danger of going bust and you still spent plenty of money. The idea that you restricted your spending because of the stadium's a total myth. You spent more than you did before, as most clubs did, then increased your spending afterwards because of the new stadium's increased revenue. There was never a period where you were being outspent by more than a few clubs and those clubs are still ahead of you financially, anyway. The image of Wenger being some sort of spendthrift miracle worker is complete gibberish. Anyone would think that he was getting by on a shoestring.
The myth is that we weren't restricted by servicing our stadium debt. Perhaps you think that £390m was spare change that didn't affect any of our operating costs, but the reality is far different.
So by your reasoning Spurs will be at no disadvantage financially whilst you build and pay for a new stadium ! yet all the other teams will spend all the new money on buying players and higher wages and you won't be able to as you can't spend it twice - your argument has no logic #clowneconomics
Some will spend the money wisely, others like Utd, will piss it up the wall, in the main. We too have been down the money route and made a bollock out of it. Money doesn't always build a team, as I think we've demonstrated so far this season. On relatively little money we are building a side that fears nobody.
Nope. I've already explained where the money came from. Try again. You had the advantage of being able to cover a lot of the costs by selling the old stadium as flats, but we shouldn't suffer too badly, I agree. Our spending's already been heavily restricted and I don't see the budget being cut much more than it already is. Clown economics would be what you and Piskie are doing. The facts are already there. Your spending increased steadily during the stadium building period. You're just choosing to ignore what actually happened, in order to go with the club's narrative.
**** me! This is the biggest "owning" since PIXIE and G4E were last "owned" (which wasn't that long ago, to be fair)! [Nurse! More Pepsi, please!] [munch] [munch]
What you are selectively ignoring is the fact that we had a debt to service. Whilst we also had increased gate revenue and some income from the sale of the flats, which allowed us to increase our spending, that still wasn't in line with the overall increase in transfers and wages due to the Oil money effect. Also the sale of flats was flat due to a market slump, the overall effect was that we were restricted in the transfer and wage spending market. That's not the whole picture, as I've said Wenger has always been cautious and he's made mistakes. I also think our board were too cautious and we missed out on signings and lost top players, because bigger salaries were to be had elsewhere. But the fact remains, during the first years of our move to Emirates, we had financial restrictions that meant we couldn't compete with Chelsea and City,
I see Paranoid 'n' Pathetic is chatting his usual bollocks as usual. At least he can't ban you from this place if you dare to disagree with him Anyway: Eight reasons Tottenham will never catch Arsenal - new stadium or not! 1. Size isn't everything Ask any Arsenal fan and they'll tell you that stadium size isn't important - it's what you do with it that counts. The Gunners have a 60,432 capacity ground that's been there for years and feels like a proper home. Spurs haven't even built theirs yet. 2. Numbers, numbers, numbers While it is true that Spurs were the first north London side to win the FA Cup, a trophy in Europe, and do the double, Arsenal actually have much more silverware in the trophy cabinet. Back-to-back FA Cups in the last two years have added weight to that supremacy - it would take years for Spurs to make up the difference. 3. They won't want to While Arsenal spend all their time worrying about trifling tournaments like the Champions League, Tottenham have their eyes on the real prize - the League Cup. After coming agonisingly close by reaching the final last season, Spurs will want to drop out of the FA Cup and Europa League early, then dedicate as little resources as they possibly can to the Premiership. These tactics should ensure them a clear run at the most coveted prize in world football, the Capital One Cup - a trophy Arsenal haven't won since 1993. All this will of course mean the Gunners retain supremacy in terms of money, trophies and high-profile competition. Just not The Big One. 4. Free love on the free love freeway Are they from north London? Are they from south London? Who knows. But does it really matter? Probably not if they keep winning. And with the financial fall-out from the last move over with, Arsenal now have more money to invest in the team. 5. The Stars Arsenal have a squad chock-full of incredible talent. The likes of Mesut Ozil, Alexis Sanchez and Aaron Ramsey would worry any opposition. While their neighbours are focussing on youth, and do have an array of exciting youngsters, they're not on the same level. 6. The Goalies The Gunners haven't had a decent goalkeeper for years, but all that changed after the arrival of Petr Cech from Chelsea. On the other side of north London, Spurs could be reluctantly waving goodbye to world-class keeper Hugo Lloris if the rumoured De Gea-Madrid-Manchester merry-go-round actually happens. Michel Vorm is a solid keeper, but he'll have his work cut out if he wants to mix it with the big boys - Cech has already been there, done that, and bought the T-shirt. 7. The Spurs stadium looks like a toilet It can only have been 15 minutes between the release of the new Spurs stadium pictures and the appearance of photoshopped versions turning it into a toilet. And it does look a little bit like a toilet. 8. Wenger This may be a controversial point to some - particularly those firmly rooted in the #WengerOut camp - but no rational, sane-minded football fan can deny the quality of the man at the helm at Arsenal FC. He may not have been able to beat Spurs under Poch last season, but he's consistently delivered the goods for his club under a variety of trying circumstances. In times of plenty he won the double, in times of hardship he brought regular Champions League football, and now he has money to spend again he's set about building a team that's genuinely capable of challenging for top honours. Shamelessly lifted from some newspaper or other....
His predictions are always wrong and he always changes his mind every 5 seconds. Just banter though he really is the worse pundit going.
Old Faithful's dreadful attempt at a wum has reminded me that Wenger still hasn't managed to out-smart Poch in the Prem! As The Evening Standard reported, only last week, there are signs of a North London Power-Shift. Whilst I still remain undecided on the issue, it is clear that this is a subject that is beginning to pre-occupy the thinking of a hell of a lot of people.
Anyone reading this thread would think United hadnt won a game We may be dull as fck under this spoofer with a quiff but we'll be top 4 no problem. Sad thing is we should be aiming higher. I doubt anyone other than City actually is. Anyway, after Merson we have Phil Thompson's PL prediction... 1) Liverpool 2) Dortmund 3) Real Madrid 4) England
ohh just listen to her! ... our owners our very wealthy I'll have you know - but they also invest wisely ... not much chance of us spunking our money by being sold-a-dodo methinks ... ... realistically we are just trying to establish ourselves in the top flight with a view to maybe challenging for a Champions League place in the distant future ... much as Spurs have been doing since the inception of the PL tbf ... ... I do believe there is the start of a power shift however ... the likes of us Saints, the Spammers, Stoke and Palace.are starting to rock the establishment a little ... ... onwards and upward ... first eclipse the nearly men of Spurs and Everton ... then we move on to the bigger fish
