Spurs Thread - 2021/22

deano ou812 said:
They’ll put everything into trying to get a win against us opening day of season then revert to being like their neighbours arsenal..
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They need a Scouse style boom bust cycle graph.

Aug/December - Quadruple is on

Jan/Feb - League and Europa is on

Mar/May - Spursey kicks in. Knocked out of Europe by Latvian plumbers and fuck up champions League place after losing 4-3 to the scum despite being 3-0 up in the first 10 minutes.
 
JimB said:
I'm not underwhelmed. I love this sort of signing. Never heard of him until the story broke last Tuesday but I'm now convinced that he's the second coming off Messi.

Seriously, though, he is meant to be a bit good.
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Have you seen his career stats? And you've shelled out over 21m for him?
 
lasereyes said:
At least we quote sources rather than pulling numbers from out of your arse as you do. Dismissing the bulk of Spurs's debt as "standard debt that all clubs have" is horseshit. The whole point is Spurs have way more debt than anyone else so by definition, that is wrong. Secondly, you still have to service that debt. And there will be debt covenants tied to financial ratios which if breached will change the terms or require prompt repayment - you have no clue what those covenants are. Every corporation that fails claims to be stable until they aren't. You may care to google statements by Lehman Brothers in summer of 2008.

Bottom line, is Spurs are up to their eyeballs in debt and in way worse shape than any other major club.
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I didn't dismiss the bulk of Spurs' debt as "standard debt that all clubs have". That's merely your misreading of my post. I had already specifically discussed the stadium and COVID loans.

Do I really need to provide links to my figures, as if my post was some sort of PhD paper? The figures are taken from Spurs' own finance announcements, along with Bank of America.

Once again, the stadium debt is costing Spurs c. £16m per annum. The recent £250m private placement (that allowed the club to repay the Bank of England CCFF loan) is costing the club a further £7m per annum.

The other "debt" consists of future instalments on player purchases and amounts falling due within one year - current liabilities - such as payroll, taxes, accrued expenses, and accounts payable. It also includes unearned revenue: an accounting technicality that records services yet to be provided as a debt - in this instance, football clubs owing season ticket holders the cost of however many matches have yet to be fulfilled.

All of this other "debt" is common to every other football club and none of it is subject to interest charges. So I repeat, contrary to your claim, Spurs' total interest payable per annum is less than £25m.

Of course I cannot absolutely rule out the possibility that Spurs are concealing the fact that they are facing imminent financial collapse but, as of now, there is no evidence to suggest that that is the case. The debt is all long term and low interest. And while it is quite valid to cite past instances of companies claiming financial stability before crashing, the number of such cases pales into insignificance by comparison to the number of companies that claim to be stable and are, in fact....................exactly that.

So unless you can furnish the discussion with any evidence beyond the simplistic "Spurs are up to their eyeballs in debt", your argument will remain nothing more than wishful thinking.
 
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JimB said:
I didn't dismiss the bulk of Spurs' debt as "standard debt that all clubs have". That's merely your misreading of my post. I had already specifically discussed the stadium and COVID loans.

Do I really need to provide links to my figures, as if my post was some sort of PhD paper? The figures are taken from Spurs' own finance announcements, along with Bank of America.

Once again, the stadium debt is costing Spurs c. £16m per annum. The recent £250m private placement (that allowed the club to repay the Bank of England CCFF loan) is costing the club a further £7m per annum.

The other "debt" consists of future instalments on player purchases and amounts falling due within one year - current liabilities - such as payroll, taxes, accrued expenses, and accounts payable. It also includes unearned revenue: an accounting technicality that records services yet to be provided as a debt - in this instance, football clubs owing season ticket holders the cost of however many matches have yet to be fulfilled.

All of this other "debt" is common to every other football club and none of it is subject to interest charges. So I repeat, contrary to your claim, Spurs' total interest payable per annum is less than £25m.

Of course I cannot absolutely rule out the possibility that Spurs are concealing the fact that they are facing imminent financial collapse but, as of now, there is no evidence to suggest that that is the case. The debt is all long term and low interest. And while it is quite valid to cite past instances of companies claiming financial stability before crashing, the number of such cases pales into insignificance by comparison to the number of companies that claim to be stable and are, in fact....................exactly that.

So unless you can furnish the discussion with any evidence beyond the simplistic "Spurs are up to their eyeballs in debt", your argument will remain nothing more than wishful thinking.
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Spurs, on the other hand, have £823million of long-term debt
www.football.london

Tottenham Hotspur Stadium leaves Daniel Levy and Spurs with huge debts

The construction of Tottenham Hotspur Stadium has come at a huge cost to the club
www.football.london www.football.london
£25m repaid over 30 years equals £750m and that’s with out interest.
He's bloody good account that Daniel Levy if he can repay less than the full loan amount without interest too.
 
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