crazyg
Well-Known Member
As was my reply to your statement. So why mention it in the first place if you didn't want a comeback?
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Spurs’ new stadium
- Thread starter Chris Holmes
- Start date
crazyg
Well-Known Member
Funny, I could have sworn that Pocchetino said that Spurs were a bigger club than City.Well either they don't consider Spurs to be a good investment or they don't love Spurs enough.
Even if they did want to invest in Spurs to the extent that they could compete with City they would fall foul of the financial fair play regulations because Spurs simply do not have revenue or the fanbase that City have.
Did Spurs vote foe FFP (serious question)?
Machiavelli
Well-Known Member
Exactly. Woe is me, we can’t afford to invest and grow the brand commercially.I do wonder why Lewis didn't loan Spurs the money for the stadium himself. Stadium costs and other infrastructure aren't affected by FFP.
Bank of America Merrill Lynch, Goldman Sachs and HSBC are the current creditors, I wonder how much they're charging?
Our owner has proved you can get a club performing off and on the pitch, regardless of the club’s starting point. The problem is it requires desire and investment.
Exactly. Woe is me, we can’t afford to invest and grow the brand commercially.
Our owner has proved you can get a club performing off and on the pitch, regardless of the club’s starting point. The problem is it requires desire and investment.
I think Spurs' owners sometimes get in their own way.
Levy refused a fixed price deal with the contractors, he demanded unreasonable terms RE: delivery, cost etc., and now these floods and delays are costing Spurs an incredible amount of money, not Mace. I think £200m was the last estimate.
Hundreds of millions he could have put into the squad, but was too focused on getting the stadium done as cheaply as possible.
Similarly Levy was too busy trying to be a "shrewd negotiator" with Villa in the summer that he pissed them off with low ball offers when they were in financial trouble, and then they got bought out and he got a £40m price tag. Villa would have taken 20m at the beginning of the summer.
Machiavelli
Well-Known Member
My heart bleeds mate. ;)I think Spurs' owners sometimes get in their own way.
Levy refused a fixed price deal with the contractors, he demanded unreasonable terms RE: delivery, cost etc., and now these floods and delays are costing Spurs an incredible amount of money, not Mace. I think £200m was the last estimate.
Hundreds of millions he could have put into the squad, but was too focused on getting the stadium done as cheaply as possible.
As was my reply to your statement. So why mention it in the first place if you didn't want a comeback?
Eh? You were the one to start talking about pettiness, mate. I only mentioned it because I genuinely couldn't think why you did!
I think Spurs' owners sometimes get in their own way.
Levy refused a fixed price deal with the contractors, he demanded unreasonable terms RE: delivery, cost etc., and now these floods and delays are costing Spurs an incredible amount of money, not Mace. I think £200m was the last estimate.
Hundreds of millions he could have put into the squad, but was too focused on getting the stadium done as cheaply as possible.
Similarly Levy was too busy trying to be a "shrewd negotiator" with Villa in the summer that he pissed them off with low ball offers when they were in financial trouble, and then they got bought out and he got a £40m price tag. Villa would have taken 20m at the beginning of the summer.
Grealish is worth £20M? I think Spurs offered much less than that. Today that seems a good decision.
The fixed price was £850m. Has the stadium cost more than that? Spurs have denied it has cost more. (Maybe they are lying)
Grealish is worth £20M? I think Spurs offered much less than that. Today that seems a good decision.
The fixed price was £850m. Has the stadium cost more than that? Spurs have denied it has cost more. (Maybe they are lying)
All of the papers are saying it's going to come in over £1Bn when the dust settles.
Spurs offered a derisory amount until Villa were taken over then offered £25m which would have gotten the player easily if it had not been preceded by Levy trying to leverage Villa's weak financial position. And while I don't like him, he's supposedly a great player now, so who knows.
I do wonder why Lewis didn't loan Spurs the money for the stadium himself. Stadium costs and other infrastructure aren't affected by FFP.
Bank of America Merrill Lynch, Goldman Sachs and HSBC are the current creditors, I wonder how much they're charging?
There's this common misperception that all billionaires must have billions of pounds worth of spare cash lying around. The truth, of course, is very different. Joe Lewis' wealth is tied up in property and the portfolio of diverse companies that comprise his Tavistock Group. He is asset rich, not cash rich (in terms of the investment required). He could not have funded the Spurs stadium build without divesting himself of one / some of his other companies. And he clearly didn't wish to do that. Fair enough. I have no argument with that - just as I have no argument with a cash rich owner like Mansour investing billions in his football club. All a fan can really demand of an owner is that they run the club well, on and off the pitch; that they have ambition and vision; that they respect the traditions and ethos of the club; and that they don't take millions of pounds out of the club - in order to fund a leveraged buyout, for instance. Anything more is a bonus - in City's case, a fantastic bonus!
I think Spurs' owners sometimes get in their own way.
Levy refused a fixed price deal with the contractors, he demanded unreasonable terms RE: delivery, cost etc., and now these floods and delays are costing Spurs an incredible amount of money, not Mace. I think £200m was the last estimate.
Hundreds of millions he could have put into the squad, but was too focused on getting the stadium done as cheaply as possible.
Similarly Levy was too busy trying to be a "shrewd negotiator" with Villa in the summer that he pissed them off with low ball offers when they were in financial trouble, and then they got bought out and he got a £40m price tag. Villa would have taken 20m at the beginning of the summer.
- Levy didn't 'refuse' a fixed price deal. He was simply unable to secure one because of the complexity of the project. Nevertheless, Spurs will be able to claw some LADs back from the individual subcontractors responsible.
- "too focused on getting the stadium done as cheaply as possible"??? I think you need to look again, mate! Has been finished to an incredibly high level.
- Grealish was never a priority signing. Was just one of those that was worth a punt if Spurs could get him cheaply enough. Perhaps a £20m opening bid would have got him. But then, perhaps if Levy had opened the bidding at £20m, Villa would have chanced their arm and asked for £25m and the deal still wouldn't have gone through before Villa was bought out? We'll never know. Either way, it wasn't greatly important.
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All of the papers are saying it's going to come in over £1Bn when the dust settles.
Ah....the papers. Must be true, then. ;-)
The quoted cost of £850m is for the greater part of the Northumberland Development Project, including some £150m worth of land acquisition; planning and development costs; construction of Lilywhite House, new shop / museum, new ticket office, public realm and hotel groundworks / basement. And the stadium, of course.