Find it pretty odd that quote - that Spurs are punching above their weight.Spurs aren't punching above their weight at all, you've got one of the better keepers in the league, the best CB's in the league, the best striker in the league, one of the best players in the league (Eriksen) and the likes of Alli, Son, Dembele & Dier. The fact you haven't spent as much as other sides to build that side is a testament to your recruitment not an indication that you're overachieving
And yes while you were beaten by the better side at the weekend and while we've been better than you all season it was still an opportunity on your home pitch to win a game and go to a final and once again when it counts Spurs were found wanting so why can you do it in January in the league but not this past weekend unless it's a mentality thing?
You know Harry Kane is coming across really badly when even Glaston isn't trying to defend him.
Even Portsmouth, who reside in League Two now have won the FA cup 10 years ago.
Nah he's pretty much in hiding anyway because we knocked them out the Cup last week. He does it every time we beat Spurs.
If not for that he'd be on here talking nonsense and defending Kane. And talking about their new stadium.
"We are helping him to move on"
"We are helping him to move on"
... historically Spurs have had saleable assets that have allowed them to invest. .... Spurs won't have £100m lying around ready to invest in the squad ...
That much higher income may go towards your much higher outgoings.Actually, that's a half-truth. The other half of the truth is that our need to invest heavily in the new stadium and new training ground has prevented us, for a fair few years now, from spending much on incoming transfers in net terms ... because without huge extra borrowing we couldn't afford to do both things at the same time.
However, that period of austerity is now easing off for three reasons:
This leads me to your 2nd point, your confidence that Spurs won't have £100m lying around this summer to invest in the squad. I wouldn't be so sure if I were you, for the reasons I've given.
- Because of our successive seasons qualifying for the CL (and all the extra income it brings - an extra £52m this time around).
- Because we posted record revenue of over £306m for the year ended 30 June 2017 (that's as of nearly 10 months ago - our revenues will have gone up further since then), with a profit for the year after interest and tax of £41.2m.
- Because from August/September onwards the much higher income streams from our new stadium will start to come in.
Actually, that's a half-truth. The other half of the truth is that our need to invest heavily in the new stadium and new training ground has prevented us, for a fair few years now, from spending much on incoming transfers in net terms ... because without huge extra borrowing we couldn't afford to do both things at the same time.
However, that period of austerity is now easing off for three reasons:
This leads me to your 2nd point, your confidence that Spurs won't have £100m lying around this summer to invest in the squad. I wouldn't be so sure if I were you, for the reasons I've given.
- Because of our successive seasons qualifying for the CL (and all the extra income it brings - an extra £52m this time around).
- Because we posted record revenue of over £306m for the year ended 30 June 2017 (that's as of nearly 10 months ago - our revenues will have gone up further since then), with a profit for the year after interest and tax of £41.2m.
- Because from August/September onwards the much higher income streams from our new stadium will start to come in.
Weak mentality, why keep this going about a fecking tweet. Say no comment and move on like a proper manager, focus on the Watford game. If Kane's hurt then you have to wonder about his mental strength. God modern day football is so strange, I can't imagine Fergie chatting about how Roy is feeling about a tweet. Sensitive much.
Modern day life is strange. A user on another forum I use has today decided that the game 'Chinese Whispers' (Telephone, for the US crowd) is racist. And I think I'm going to be arrested since I touched someone's shoulder in the supermarket today.
I once read that the New Labour experiment of not bollocking anyone, or telling them they have failed is itself a failure, and whilst I am certainly not blaming Labour (that line of policy is long-lived, to say the least), we've inadvertently created a generation that sees blame, affection and banter as a slur on their existence. It's a complete clusterfeck and this example of the FA kowtowing to slight media pressure is a perfect example.
If Kane really is that thin-skinned, and we won't know the real truth I feel for many years, he also exemplifies the problems we have with blame, banter, sarcasm and so on being taboo in the current climate. If only he could shoulder a bit of responsibility, instead of other players' goals.
Actually, that's a half-truth. The other half of the truth is that our need to invest heavily in the new stadium and new training ground has prevented us, for a fair few years now, from spending much on incoming transfers in net terms ... because without huge extra borrowing we couldn't afford to do both things at the same time.
However, that period of austerity is now easing off for three reasons:
This leads me to your 2nd point, your confidence that Spurs won't have £100m lying around this summer to invest in the squad. I wouldn't be so sure if I were you, for the reasons I've given.
- Because of our successive seasons qualifying for the CL (and all the extra income it brings - an extra £52m this time around).
- Because we posted record revenue of over £306m for the year ended 30 June 2017 (that's as of nearly 10 months ago - our revenues will have gone up further since then), with a profit for the year after interest and tax of £41.2m.
- Because from August/September onwards the much higher income streams from our new stadium will start to come in.
That much higher income may go towards your much higher outgoings.
Your period of austerity is far from over. You've traded the high cost of saving to build a stadium for the high cost of servicing a large debt. Ask Arsenal fans who also were naive enough to believe that the gates of their stadium opening was the beginning of a yellow brick road. A decade later and no trophies is what they had to show (not that this would be as unusual for Spurs fans).
Along with the imminent cost of uplifting several player salaries there will be precious left for £100m net investment.
Of course as other Spurs fans have said several priced assets may leave. I don't believe for one second they will let Kane or Erikson go (unless a Neymar bid comes in) but a couple of Alderweireld, Alli and Dembele are certainly very likely (as well as Rose).
I believe Spurs can afford to spend £100m, possibly even £150m... But they'll need to recoup half of it by selling key players.
That's the problem for Spurs now... The stock pile of mediocre players on low wages who are therefore very saleable has been exhausted. Now for every Alderweireld you sell you need a world class centre back to even tread water. For every Dembele you need a top class midfielder just to maintain your level. For every Alli you need a 20-25+ G+A contribution to be status quo.
Last year was an example of Walker leaving and Spurs being weaker because of it. Aurier is much worse as is Trippier. Luckily you had Bentaleb, N'Jie and Wimmer aa non-contributors to essentially trade for Sanchez who's a good contributor.
This season there is no £50m money tree of useless players that you can shake. Couple that with a large transfer fee inflation whereby unproven but exciting players are being rumoured at the £40m+ mark and you have a problem. They play well at the world cup? Double that problem.
Care to provide the kind of Summer ins and outs that you feel may well occur? You don't need to name specific names if you don't want to.
I didn't say that austerity was over, I said it would be less than before.
Our debt servicing costs won't be all that much, precisely because we saved for years with the new stadium in mind so as to reduce construction borrowing needs. That's one difference with Arsenal's post-stadium situation. The other difference is that our wage bill is much lower than their's was (and is).
You forget that our income is booming: it jumped by 46% between the two last sets of published accounts ... an increase of £96.5m in one year alone. It will have increased further since then.
So we don't need to find some mysterious money tree to shake in order to get £100m to spend in net terms this summer if we want to.
Players out: Alderweireld most likely, Dembele possibly, Rose possibly also, and probably Llorente too.
Players in: Sessegnon perhaps, de Ligt perhaps ... not sure who else.
Mauricio Pochettino will still have to sell players in order to buy them next season despite an increased ground capacity
Mauricio Pochettino has expressed the belief on several occasions. When Tottenham Hotspur move into their 62,062-seat stadium next season, the club will enter a new era of financial power. “It would be the time to say: ‘Now, we will win the title,’” the manager said in December. The theory has been that the stadium’s increased revenues will help the club to attract and keep the A-list players.
The view has sat uncomfortably with the cost of construction. It seems a long time ago that £400m was the ballpark figure. Then, it became £750m and £850m, and now, nobody would be surprised if it reached a billion. Tottenham have taken out £400m in bank loans, which are repayable over a five-year period. This month they announced in their financial results for the year ended 30 June 2017 that the “cumulative spend” on the project had increased from £115.3m to £315.1m. The club’s profits were robust. They stood at £41.2m after interest and tax. But whichever way you dress it up, there is a lot of money to find. It is no wonder chairman Daniel Levy “struggles to sleep at night”, according to Pochettino.
The penny – or great mountains of them – appears to have dropped with Pochettino and when he addressed the press, before Monday’s game against Watford at Wembley, there was a shift in his stance.
“The move to the new stadium is not suddenly going to change everything and millions of pounds will rain from the sky,” Pochettino said. “You have to manage and know exactly the expectations. It will be important to review and set the principles again; how it will be with the team once we move.”
Pochettino’s comments felt significant, just like the ones he made after the FA Cup semi defeat against Manchester United. In four post-match interviews he used the same phrase. The club needed more time to achieve success, he said, and it would be “with me or another” manager.
Pochettino was asked for clarification and explained Tottenham’s project was fixed so strongly for the long term it was inevitable another manager would one day take over the responsibility. His contract runs for a further three years. The project is designed for many more.
It remains difficult to escape the impression that Pochettino is approaching a crossroads. He has urged Levy on more than one occasion to move quickly in this summer’s transfer market while he ignored a question about whether he would lead the club into the new stadium and, instead, answered one of his own – the classic politician’s trick. “If I stay here for three more years, the project will not change,” Pochettino said. “We cannot change because the club cannot change. Whether it is me or another, that is the right project to keep pushing.
Spurs on 850m-900m debt with a stadium the size of the Emirates and they think they are going to be minting it? That’s not how it worked for us with half the debt and we were in a much stronger position as a club.
That debt is insane. Funding a stadium fully on debt is insane. It took many years of austerity under Wenger to get out of the woods and it’s cost us dearly. If the owners don’t use money from their own pockets to fund the team or pay down that debt it will be impossible for Spurs to stay top 4 unless Poch is going to work miracles.
You shouldn't talk such nonsense. Spurs are not borrowing anything even close to that amount.
You’re right I misunderstood it then. How are they paying for a stadium that costs 850 mil then? Are the owners putting in anything?
Spurs fans don't want to accept it.
£400m to be repaid in 5 years sounds like a huge sum. Repaying that debt, while renewing Contracts (increase wages for underpaid stars) and buying new players to further improve will be quite the task.
Spurs fans don't want to accept it.
At some point he will say "feck it, I've taken them as far as I can".
Yeah. Kane will soon start having thoughts and by that time 200m will seem like a good deal for everyone.And with debts like that, it’s not hard to believe that Levy would bite someone’s hand off for the best part of £200m from Kane.
£400m to be repaid in 5 years sounds like a huge sum. Repaying that debt, while renewing Contracts (increase wages for underpaid stars) and buying new players to further improve will be quite the task.
£400m to be repaid in 5 years sounds like a huge sum. Repaying that debt, while renewing Contracts (increase wages for underpaid stars) and buying new players to further improve will be quite the task.
LOL @ Spurs. This move will end up being a catastrophic failure when it's all said and done, IMO (in terms of it impacting the quality of footballers the club will be able to keep and/or attract).
Debts like those are only a problem when it is United paying them down according to Glaston. He has spoken about the "chickens finally comming home to roost" for years now.
Of course it is no problem for a commercial juggernaut like Tottenham though according to him.
Spurs income has increased 56% in 2 years, as of 10 months ago. It will have increased further since then and will go up much further next season, taking us into the global top 10 income-wise
Moreover, Spurs can if needed either negotiate to extend the repayment period, or else take out another loan to pay off the remainder of the £400m.
Ah, the eternal prediction that arrives as we approach each summer ... but somehow never materialises.
LOL @ Spurs. This move will end up being a catastrophic failure when it's all said and done, IMO (in terms of it impacting the quality of footballers the club will be able to keep and/or attract).