Tottenham Talk on Tuesday 17th Aug
Tottenham Talk on Tuesday 17th Aug
If you want to compete at the top you have to have it.
You either allow a billionaires playground in which just a few clubs win everything and the game becomes pointless or you build the club to develop income itself and is thus self-sustaining.
If a club is at the whim of an owner who suddenly decides to pull out and requires his loans to be repaid, they are facing financial ruin and the possible plummeting down the league.
Quite why some fans wish that on Spurs is extraordinary, but that's some people, they always seek the easy route without a thought about the consequences.
Hard work is a thing of the past for many, for them they'd rather have a handout.
Tottenham is run how a football club should be run.
It is self sustaining and growing.
Spurs have come from a bankrupt team finishing 11th and 12th, to a team that competes for the Top 4 and reaches a UEFA Champions League Final.
Clearly the quality of player has risen from where we were.
That is obvious to even the most imbecilic fan.
We live now with an entitled generation who want everything now and don't understand how you grow.
Take the stadium.
It was absolutely essential for us to win things regularly, which is our goal.
The stadium, Daniel Levy said, would be a game changer and it will be once we can earn from it, something the pandemic has delayed.
What do most football clubs earn away from match day?
A bit of corporate hospitality or stadium tours?
What do/will Spurs earn?
High quality corporate hospitality, Michelin star restaurant, Skywalk attraction, climbing walls, but most importantly, events other than football, 24 of them.
If you estimate that Spurs receive £4m per event, that is an additional £96m-a-year.
Tottenham have secured a deal to host the Betfred Rugby League Challenge Cup Final in 2022, pinched from Wembley.
Matchroom Boxing, Joshua v USYK in September.
Boxing events, music concerts, NFL football, it makes perfect sense to have a high class hotel to capitalise on the audience and avoid travel problems for performers.
A celebrity audience will want a high class hotel on the doorstep, they will want a Michelin restaurant.
Corporate sponsorship for these events, a rental fee, perhaps a portion of the seat sales, perhaps a percentage of pay-per-view broadcasting rights (unlikely).
Four million could be wildly underestimating what we could receive, could it be £10m, could it be £20m per event?
All additional streams of income away from football that other clubs simply can't compete with, all thanks to forward planning.
All this to generate more money for team investment.
Add that to the increased revenue from a full house each game and all the associated sponsorship that goes along with that and our income rises from the £200/250m it used to be, to £500/550m+.
We have already seen it pop over £400m and we haven't had a full season of supporters in it yet.
Manchester United and Manchester City, you are talking incomes of £650m, that's where we are aiming to go.
If we received £10m per non-footballing event, that would bridge that gap, think about that before you complain about Levy and ENIC for a moment.
The same money coming in as United and City, we are at Real Madrid and Barcelona level, the very level Daniel Levy said we were aspiring to both on and off the field.
The off the field, pays for the on-field, obviously there is going to be investment, it's the stated plan..
We are close to some very exciting times for this club.
Quite why everyone isn't on board with that and quite why people can't understand that you can only spend what you have is a mystery, perhaps their parents are still paying for them.
Anyone with a household budget knows you can only spend what your salary allows, plus loans/credit that you have to pay interest on, effectively digging an even deeper whole for yourself.
Some people have vision, some don't.
Those who don't, try to drag down those who do.
People don't like success, you'd think they would want it for their own club!
Fortunately Spurs have access, thanks to the way the club has been run to the cheapest lines of credit and we are run by people who made their money from money, so know what they are doing.
This summer you are seeing a rebuilding of Spurs on the playing side.
It is a time to look forward with hope, not look back and complain Daddy hasn't given you enough pocket money.
The investment in the infrastructure will reap benefits when it kicks in, then we'll have a significant transfer budget each window and can afford higher wages.
We sensible supporters see what we are doing and support, our positivity only helping the situation, the environment, the perception surrounding the club.
Tottenham are the role model for clubs and I'm sure none of us can wait for that income to start rolling in.
When that is re-invested in the team, are we going to see the anti-Levy, anti-ENIC lot still complaining they want Daddies pocket money?
Well that's it folks.
- Don't forget to share this post on social media
- Visit the THBN website each day
- If you are a supporters group, distribute the article or direct members to it
- Americans share share share, a big audience I'm looking to grow further
- Outside UK - again looking to grow the audience, every share helps
1 comment
Just listen to Son speak after the game about a positive atmosphere on and off the field. It makes such a difference