Spurs answer to the wage gap growth
The next in the financials series on Tottenham Hotspur is a look at our wage bill and it's growth in comparison to the top five richest clubs in the Premier League.
The wage gap between the five clubs richer than us and ourselves is growing, it's the part of transfers most fans forget, a players wages yet it will often determine his destination.
The clubs with the top six wage bills win the UEFA Champions League and have done for years so by that reckoning Barcelona will be the 2015 winners, Juventus the unlucky losers. The Premier League is won by the three clubs with the biggest wage bills, Manchester United, Manchester City and Chelsea. It's 2003/04 since Arsenal last won the Premier League and Liverpool have never won it, their last First Division success being in 1989/90, we of course have to go back to our Double winning season of 1960/61 for our last league title.
Top Premier League Wage Bills
Manchester United £215 million (US$330m - AUS$430m - €301m)
Manchester City £205 million (US$315m - AUS$410m - €287m)
Chelsea £193 million (US$296m - AUS$386m - €270m)
The above are 2014 figures taken from Deloittes, next come Arsenal, Liverpool and a way behind Tottenham.
Arsenal £166 million (US$254m - AUS$332m - €232m)
Liverpool £144 million (US$221m - AUS$288m - €201m)
Tottenham Hotspur £100 million (US$153m - AUS$200m - €139m)
In a previous article we saw how our wages have grown from £33 million in 2005 to £100.4 million, a 2% growth against revenue. We are chasing richer clubs so how have their wage bills grown during the same period against ours?
2005
Chelsea £109 million (US$166m - AUS$218m - €152m)
Manchester United £77 million (US$153m - AUS$200m - €107m)
Arsenal £66 million (US$100m - AUS$132m - €92m)
Liverpool £64 million (US$98m - AUS$127m - €89m)
Manchester City £38 million (US$58m - AUS$76m - €53m)
Tottenham Hotspur £33 million (US$50m - AUS$65m - €46m)
Their wage bills have grown since 2005 by:
Chelsea £84 million (US$128m - AUS$167m - €117m)
Manchester United £138 million (US$212m - AUS$275m - €198m)
Arsenal £100 million (US$152m - AUS$199m - €140m)
Liverpool £80 million (US$122m - AUS$159m - €111m)
Manchester City £167 million (US$255m - AUS$333m - €233m)
Tottenham Hotspur £67 million (US$102m - AUS$133m - €93m)
In percentage terms the growth for the last 5 year period (2009 - 2014) sees Manchester United, Manchester City and Arsenal increasing their wage bills more than us.
Chelsea 26%
Manchester United 76%
Arsenal 60%
Liverpool 37%
Manchester City 147%
Tottenham Hotspur 48%
If you compare this to the revenue growth in the last 5 years you see the other clubs are growing faster than we are so the gap is increasing, making it ever more difficult for us to compete. We can increase our wages by a greater percent by in actual pounds paid out we will continue to see the gap increase, with nothing we can do about it.
Chelsea 106%
Manchester United 177%
Arsenal 60%
Liverpool 72%
Manchester City 821%
Tottenham Hotspur 46%
If we are to be genuine Champions League contenders each season then we must increase our commercial revenue, for which the stadium is a first step. Delaying the building by staying at White Hart Lane while it's built is not an option, the stadium is needed as fast as possible.
The figure demonstrate Tottenham have been doing what we can on the wags front and trying to compete as best we can within the financial constraints we work under. Fan complain we are going backwards but we are travelling forwards, just not as fast as the top five rivals.
If we are to catch up on the playing pitch it will not be buy splashing the cash, we simply can't buy the calibre of player the top four particularly can. We would have to buy the next rung down and we have seen with Roberto Soldado that it doesn't always work. When it doesn't we are then in a pickle trying to get rid of players so we can buy again. It is a cycle that is doomed to failure because we can't afford to have flops.
In addition to which, why would a top player come to us, we have nothing to offer, we have to find a unique selling point for the club, a reason for a player to choose Tottenham. The result is we are trying to grow our own players, both from within the club and by buying hungry youth to develop with us. You would expect that each is not going to be happy simply collecting a wage packet as we have had with Huerelho Gomes and Emmanuel Adebayor recently.
If we are seen as a club who successfully develop youth then we become attractive to all the young players wanting to make it to the top, which will help us raise our standard if we are offering game time instead of bench time.
With the club playing the same system all the way through a player stepping up a level should be able to slot into a team with the minimum of fuss. That aids their development through the ranks and makes each step a smaller one, there is still the mental side and nerves to conquer of course. In this way we hope to build a conveyor belt and make the sum of the parts greater as a whole unit.
A team playing a system they know inside out can compete at a higher level than a team of players constantly changing and having to learn a new system. Tottenham are not ruling out purchases, far from it, but we are trying to develop a solid core to build from, the signs so far are very encouraging.
There is much for Pochettino to do, through all levels at the club and he will be given time to implement his plans. The first team may be the public face but the work behind the scenes is important for the future and while the stadium is being paid for in the initial years.
Every patent has told their child money doesn't grow on trees, some of our fans seem to have forgotten that message.
The wage gap between the five clubs richer than us and ourselves is growing, it's the part of transfers most fans forget, a players wages yet it will often determine his destination.
The clubs with the top six wage bills win the UEFA Champions League and have done for years so by that reckoning Barcelona will be the 2015 winners, Juventus the unlucky losers. The Premier League is won by the three clubs with the biggest wage bills, Manchester United, Manchester City and Chelsea. It's 2003/04 since Arsenal last won the Premier League and Liverpool have never won it, their last First Division success being in 1989/90, we of course have to go back to our Double winning season of 1960/61 for our last league title.
Top Premier League Wage Bills
Manchester United £215 million (US$330m - AUS$430m - €301m)
Manchester City £205 million (US$315m - AUS$410m - €287m)
Chelsea £193 million (US$296m - AUS$386m - €270m)
The above are 2014 figures taken from Deloittes, next come Arsenal, Liverpool and a way behind Tottenham.
Arsenal £166 million (US$254m - AUS$332m - €232m)
Liverpool £144 million (US$221m - AUS$288m - €201m)
Tottenham Hotspur £100 million (US$153m - AUS$200m - €139m)
In a previous article we saw how our wages have grown from £33 million in 2005 to £100.4 million, a 2% growth against revenue. We are chasing richer clubs so how have their wage bills grown during the same period against ours?
2005
Chelsea £109 million (US$166m - AUS$218m - €152m)
Manchester United £77 million (US$153m - AUS$200m - €107m)
Arsenal £66 million (US$100m - AUS$132m - €92m)
Liverpool £64 million (US$98m - AUS$127m - €89m)
Manchester City £38 million (US$58m - AUS$76m - €53m)
Tottenham Hotspur £33 million (US$50m - AUS$65m - €46m)
Their wage bills have grown since 2005 by:
Chelsea £84 million (US$128m - AUS$167m - €117m)
Manchester United £138 million (US$212m - AUS$275m - €198m)
Arsenal £100 million (US$152m - AUS$199m - €140m)
Liverpool £80 million (US$122m - AUS$159m - €111m)
Manchester City £167 million (US$255m - AUS$333m - €233m)
Tottenham Hotspur £67 million (US$102m - AUS$133m - €93m)
In percentage terms the growth for the last 5 year period (2009 - 2014) sees Manchester United, Manchester City and Arsenal increasing their wage bills more than us.
Chelsea 26%
Manchester United 76%
Arsenal 60%
Liverpool 37%
Manchester City 147%
Tottenham Hotspur 48%
If you compare this to the revenue growth in the last 5 years you see the other clubs are growing faster than we are so the gap is increasing, making it ever more difficult for us to compete. We can increase our wages by a greater percent by in actual pounds paid out we will continue to see the gap increase, with nothing we can do about it.
Chelsea 106%
Manchester United 177%
Arsenal 60%
Liverpool 72%
Manchester City 821%
Tottenham Hotspur 46%
If we are to be genuine Champions League contenders each season then we must increase our commercial revenue, for which the stadium is a first step. Delaying the building by staying at White Hart Lane while it's built is not an option, the stadium is needed as fast as possible.
The figure demonstrate Tottenham have been doing what we can on the wags front and trying to compete as best we can within the financial constraints we work under. Fan complain we are going backwards but we are travelling forwards, just not as fast as the top five rivals.
If we are to catch up on the playing pitch it will not be buy splashing the cash, we simply can't buy the calibre of player the top four particularly can. We would have to buy the next rung down and we have seen with Roberto Soldado that it doesn't always work. When it doesn't we are then in a pickle trying to get rid of players so we can buy again. It is a cycle that is doomed to failure because we can't afford to have flops.
In addition to which, why would a top player come to us, we have nothing to offer, we have to find a unique selling point for the club, a reason for a player to choose Tottenham. The result is we are trying to grow our own players, both from within the club and by buying hungry youth to develop with us. You would expect that each is not going to be happy simply collecting a wage packet as we have had with Huerelho Gomes and Emmanuel Adebayor recently.
If we are seen as a club who successfully develop youth then we become attractive to all the young players wanting to make it to the top, which will help us raise our standard if we are offering game time instead of bench time.
With the club playing the same system all the way through a player stepping up a level should be able to slot into a team with the minimum of fuss. That aids their development through the ranks and makes each step a smaller one, there is still the mental side and nerves to conquer of course. In this way we hope to build a conveyor belt and make the sum of the parts greater as a whole unit.
A team playing a system they know inside out can compete at a higher level than a team of players constantly changing and having to learn a new system. Tottenham are not ruling out purchases, far from it, but we are trying to develop a solid core to build from, the signs so far are very encouraging.
There is much for Pochettino to do, through all levels at the club and he will be given time to implement his plans. The first team may be the public face but the work behind the scenes is important for the future and while the stadium is being paid for in the initial years.
Every patent has told their child money doesn't grow on trees, some of our fans seem to have forgotten that message.
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