Spurs 3rd highest gross debt in Premier League
A brief look at the Spurs financials
Tottenham have the third highest gross debt in the Premier League with £185m, which will increase as we invest further in the new stadium. That of course means we had the third highest interest payments in the Premier League.
People seem to think that because Daniel Levy has told us that the financial side of building the new stadium will not affect the playing budgets, and it won't, if the club sticks to those budgets.
Only Manchester United £503m and Arsenal £227m (Emirates Stadium loan) have a higher gross debt than Spurs do.
The increase in TV revenue has already been budgeted for so wages can only increase by the budgeted level and they can not simply be blown apart. That money would have to come from somewhere and it would put the club in financial difficulty. An explanation of that can be found in this article: Alderweireld situation
We drew £152m against the £400 agreed with HSBC, Goldman and BoA. This and other loans increase our loan payments, so the picture most fans see (increased income thus wages can be significantly increased) isn't the true one.
Since the recently published accounts period closed, Spurs have made 5 purchases in the transfer market; Davinson Sanchez, Lucas Moura, Serge Aurier, Fernando Llorente and Juan Foyth.
For a good read on our financials, with plenty of graphics, from someone in the banking industry, read @SwissRamble, although he has only posted things on Twitter at the moment.
Top 6 Income
Man U £581m
Man City £453m
Arsenal £419m
Chelsea£368m
Liverpool £365m
Tottenham £306m
While our income has increased, so has everyone else's, something fans seem to forget. We are still lagging behind and need the increased revenue the new stadium will start to bring in, but that won't happen overnight. Manchester United's commercial income is almost 4 times ours!
COYS
3 comments
I wouldn't mind betting that we will double the last season's £45m match day income & total commercial revenue of £73m.
Here's why...
Attendance figures nearly doubled for coming 18/19 season. (31.6K average last season).
Increased ticket prices.
Increased spending opportunities due to first class facilities (corporate & private).
Largest 'shop' in Europe.
3 NFL games.
Plus possible revenue stream from event staging and...
last but not least...naming rights.
p.s. message to H Hotspur and his so-called financial experts. Remember when you were insisting that the club had no money and were calling for Lewis to put his hand in his pocket? Suggest you take a good look at Ramble's post (you poor deluded fools)!
Why would a savvy investment company (ENIC, that's our 'custodian' guys) lash out hundreds of millions of squidlys on a sporting enterprise that ain't goin' to double it's commercial revenue in the very near future.
The 'Ramble' tracks our accounts back to 2008 so we can see the build-up of cash reserves which has led us to this point. Does not that suggest that, what we are seeing today, is not simply a shot in the dark but a carefully planned, pre-conceived development designed to propel the club into the echelons of world football?
p.s. let's not forget the development at Hotspur Way...Brazil ain't getting the use of those facilities for zippo!
COYS!!