GaudinoMotors
Well-Known Member
And without 69 million fans.£1.77 billion in debt even dwarfs the Rags, doesn’t it?
And without 69 million fans.£1.77 billion in debt even dwarfs the Rags, doesn’t it?
"Oil money & just move on"....LLLWLL in their last 6 games...not our fault they are shitTime for some gems -
//
Is it weird that I don’t think we were that bad?
Oil moneyball will win more times than not. Let’s just move on.//
//Fuck city. All my homies hate city. Any club would be good given all the money in the world.//
CheltenhamDespite us playing great recently we are yet to see how we cope if we go behind or need a last minute winner. Not that I want to test that yet. :-)
Dog shit. See you in the final Spuds, you’re going to get smashed.
Turned out to be a high price to pay for a “wall of sound”That doesn't seem that far away in the Covid world. What a disastrous investment in a new stadium.
Oh well nevermind.
Just for the shits and giggles, let’s hope you’re wrong on Pegs days being numbered ;)I would say congrats on the win yesterday but, to be brutally honest, it doesn't take much to beat Spurs at the moment! That said, your boys are on an exceptional run of results and clearly playing very well. Back to your best of a couple of seasons ago? Quite some turnaround from early season when a large number on BM were questioning whether it was time for Pep to go (and wondering what Gundogan had to do to get dropped)!
As to Spurs, I was never convinced about Jose's appointment but was prepared to give him time to prove me wrong. At 3-0 up 20 minutes into the game against West Ham back in October, I thought that we could finally be onto something. We looked lethal going forward. But for the remaining 70 minutes of that game and ever since, we have been dogshit. I haven't watched any of our games since early December. Makes me too pissed off to see such attacking talent go to waste; and too nervous to watch a porous defence trying to see out narrow wins rather than the team trying to score more. Not good for the state of mind given everything else going on in the world!
Let’s hope your
Just a quick word about this debt that you've been discussing on here....
First off, even in Swiss Ramble's very broad definition of debt, the headline figure is £1.17 billion - not £1.77 billion as claimed on here!
Secondly, Swiss Ramble's (self-confessedly academic) definition of debt includes:
- financial debt
- transfer debt
- operational debt (wages owed to staff etc.)
It is by adding these three up that he arrives at the total of £1.17 billion. But bear in mind that this particular Swiss Ramble twitter thread was focusing on debt. If you look behind the headline figure, you will also see that:
- Spurs has £252 million in cash and transfer receivables
- operational debt is effectively just the normal costs of running the business
So what it amounts to in the real world is this:
Spurs has £605m net financial debt plus £114m net transfer debt. A total of £719m actual debt. Operational debt is covered by operational income.
All in all, none of this is surprising. Spurs took on £650m debt for the stadium construction and a further £175m from the Bank of England to help cope with the fallout from COVID. The vast majority of the debt is long term (average maturity 23 years) and total interest payments are modest at £15m per annum. Interest on the BoE loan, at 0.5% pa, accounts for £875K of the interest payable.
So while the figures seem huge, there is no immediate cause for concern for Spurs - especially if, as expected, the ongoing impact of COVID will lead to extending the BoE loan for as long as is necessary.
I thought Mourinho was a busted flush half way through his Old Trafford stint and I afraid he is even worst now. Football has moved on and his methods don’t work anymore. I always think it is a useful idea to try to understand someone’s motivations and the only way ones I can see for him now is maximising his income and bloodying a few noses on the way. I really hope he goes into punditry after White Hart Lane, if he doesn’t and just moves further down the football chain (like Sven after City) he will lose a lot of respect.I would say congrats on the win yesterday but, to be brutally honest, it doesn't take much to beat Spurs at the moment! That said, your boys are on an exceptional run of results and clearly playing very well. Back to your best of a couple of seasons ago? Quite some turnaround from early season when a large number on BM were questioning whether it was time for Pep to go (and wondering what Gundogan had to do to get dropped)!
As to Spurs, I was never convinced about Jose's appointment but was prepared to give him time to prove me wrong. At 3-0 up 20 minutes into the game against West Ham back in October, I thought that we could finally be onto something. We looked lethal going forward. But for the remaining 70 minutes of that game and ever since, we have been dogshit. I haven't watched any of our games since early December. Makes me too pissed off to see such attacking talent go to waste; and too nervous to watch a porous defence trying to see out narrow wins rather than the team trying to score more. Not good for the state of mind given everything else going on in the world!
I think Jose's days are numbered, even in the unlikely event that he does win a trophy this season. I can hardly wait for the day that he goes.
Just a quick word about this debt that you've been discussing on here....
First off, even in Swiss Ramble's very broad definition of debt, the headline figure is £1.17 billion - not £1.77 billion as claimed on here!
Secondly, Swiss Ramble's (self-confessedly academic) definition of debt includes:
- financial debt
- transfer debt
- operational debt (wages owed to staff etc.)
It is by adding these three up that he arrives at the total of £1.17 billion. But bear in mind that this particular Swiss Ramble twitter thread was focusing on debt. If you look behind the headline figure, you will also see that:
- Spurs has £252 million in cash and transfer receivables
- operational debt is effectively just the normal costs of running the business
So what it amounts to in the real world is this:
Spurs has £605m net financial debt plus £114m net transfer debt. A total of £719m actual debt. Operational debt is covered by operational income.
All in all, none of this is surprising. Spurs took on £650m debt for the stadium construction and a further £175m from the Bank of England to help cope with the fallout from COVID. The vast majority of the debt is long term (average maturity 23 years) and total interest payments are modest at £15m per annum. Interest on the BoE loan, at 0.5% pa, accounts for £875K of the interest payable.
So while the figures seem huge, there is no immediate cause for concern for Spurs - especially if, as expected, the ongoing impact of COVID will lead to extending the BoE loan for as long as is necessary.
I would say congrats on the win yesterday but, to be brutally honest, it doesn't take much to beat Spurs at the moment! That said, your boys are on an exceptional run of results and clearly playing very well. Back to your best of a couple of seasons ago? Quite some turnaround from early season when a large number on BM were questioning whether it was time for Pep to go (and wondering what Gundogan had to do to get dropped)!
As to Spurs, I was never convinced about Jose's appointment but was prepared to give him time to prove me wrong. At 3-0 up 20 minutes into the game against West Ham back in October, I thought that we could finally be onto something. We looked lethal going forward. But for the remaining 70 minutes of that game and ever since, we have been dogshit. I haven't watched any of our games since early December. Makes me too pissed off to see such attacking talent go to waste; and too nervous to watch a porous defence trying to see out narrow wins rather than the team trying to score more. Not good for the state of mind given everything else going on in the world!
I think Jose's days are numbered, even in the unlikely event that he does win a trophy this season. I can hardly wait for the day that he goes.
Just a quick word about this debt that you've been discussing on here....
First off, even in Swiss Ramble's very broad definition of debt, the headline figure is £1.17 billion - not £1.77 billion as claimed on here!
Secondly, Swiss Ramble's (self-confessedly academic) definition of debt includes:
- financial debt
- transfer debt
- operational debt (wages owed to staff etc.)
It is by adding these three up that he arrives at the total of £1.17 billion. But bear in mind that this particular Swiss Ramble twitter thread was focusing on debt. If you look behind the headline figure, you will also see that:
- Spurs has £252 million in cash and transfer receivables
- operational debt is effectively just the normal costs of running the business
So what it amounts to in the real world is this:
Spurs has £605m net financial debt plus £114m net transfer debt. A total of £719m actual debt. Operational debt is covered by operational income.
All in all, none of this is surprising. Spurs took on £650m debt for the stadium construction and a further £175m from the Bank of England to help cope with the fallout from COVID. The vast majority of the debt is long term (average maturity 23 years) and total interest payments are modest at £15m per annum. Interest on the BoE loan, at 0.5% pa, accounts for £875K of the interest payable.
So while the figures seem huge, there is no immediate cause for concern for Spurs - especially if, as expected, the ongoing impact of COVID will lead to extending the BoE loan for as long as is necessary.
I would say congrats on the win yesterday but, to be brutally honest, it doesn't take much to beat Spurs at the moment! That said, your boys are on an exceptional run of results and clearly playing very well. Back to your best of a couple of seasons ago? Quite some turnaround from early season when a large number on BM were questioning whether it was time for Pep to go (and wondering what Gundogan had to do to get dropped)!
As to Spurs, I was never convinced about Jose's appointment but was prepared to give him time to prove me wrong. At 3-0 up 20 minutes into the game against West Ham back in October, I thought that we could finally be onto something. We looked lethal going forward. But for the remaining 70 minutes of that game and ever since, we have been dogshit. I haven't watched any of our games since early December. Makes me too pissed off to see such attacking talent go to waste; and too nervous to watch a porous defence trying to see out narrow wins rather than the team trying to score more. Not good for the state of mind given everything else going on in the world!
I think Jose's days are numbered, even in the unlikely event that he does win a trophy this season. I can hardly wait for the day that he goes.
Just a quick word about this debt that you've been discussing on here....
First off, even in Swiss Ramble's very broad definition of debt, the headline figure is £1.17 billion - not £1.77 billion as claimed on here!
Secondly, Swiss Ramble's (self-confessedly academic) definition of debt includes:
- financial debt
- transfer debt
- operational debt (wages owed to staff etc.)
It is by adding these three up that he arrives at the total of £1.17 billion. But bear in mind that this particular Swiss Ramble twitter thread was focusing on debt. If you look behind the headline figure, you will also see that:
- Spurs has £252 million in cash and transfer receivables
- operational debt is effectively just the normal costs of running the business
So what it amounts to in the real world is this:
Spurs has £605m net financial debt plus £114m net transfer debt. A total of £719m actual debt. Operational debt is covered by operational income.
All in all, none of this is surprising. Spurs took on £650m debt for the stadium construction and a further £175m from the Bank of England to help cope with the fallout from COVID. The vast majority of the debt is long term (average maturity 23 years) and total interest payments are modest at £15m per annum. Interest on the BoE loan, at 0.5% pa, accounts for £875K of the interest payable.
So while the figures seem huge, there is no immediate cause for concern for Spurs - especially if, as expected, the ongoing impact of COVID will lead to extending the BoE loan for as long as is necessary.