The Official Tottenham Hotspur Thread [Vol 7]
Discussion
http://www.tottenhamhotspur.com/news/financial-res...
FINANCIAL RESULTS
Financial Highlights
Revenue for the year ended 30 June 2014 was at a record level of £180.5m, an increase of 22% on the prior year (2013: £147.4m).
Profit from operations excluding football trading and before restructuring and depreciation was £36.0m (2013: £23.4m). Profit for the year after interest and tax was £65.3m (2013: £1.5m).
The Club had net funds of £3.2m at the year end (2013: net debt £54.8m) and net assets had risen to £183.7 million (2013: £78.4m).
Northumberland Development Project (NDP) Update
The Club has been actively engaged with developments that contribute to the uplift of the local area. To date we have delivered Brook House, in partnership with Newlon Housing Trust, which has 23 floors of shared ownership housing along with a new primary school. We have also completed Phase 1 of the NDP, Lilywhite House, which comprises a major new Sainsbury’s, a University Technical College and our new Club offices.
Visitors to the stadium will have seen the extensive site clearance work underway in preparation for the new stadium.
In respect of the last remaining property needed to complete the stadium site assembly, the lengthy challenge by Archway Sheet Metal Works Limited to the Secretary of State’s decision to grant a Compulsory Purchase Order (CPO) was comprehensively rejected on all grounds after a High Court hearing in February 2015.
Haringey Council has now started the legal CPO process that will culminate with the land price being determined by the Lands Chamber of the Upper Tribunal. On 6 March 2015 the Council published and served a Notice of Intention to execute a General Vesting Declaration in respect of the CPO land (which includes the Archway land). Service of this notice allows Haringey Council to execute a General Vesting Declaration from 7 May 2015. This will allow the Council to take possession of all remaining parcels of land under the CPO from 5 June 2015.
We shall continue to provide updates as matters progress.
Player Accommodation Lodge at the Training Centre
We were delighted that our application to build a Private Lodge for player accommodation, on a site adjacent to the Training Centre, was approved by Enfield Council in February.
The scheme will deliver high quality private accommodation for the First Team and Academy in an architecturally designed facility, and will allow the Club to create a controlled, consistent and familiar environment for our players to optimise rest, rehabilitation, recovery and diet alongside our world-class Training Centre.
Spurs Lodge, Chigwell
The Club has been working on several options for our previous Training facility in Chigwell and an application, led by the Anderson Foundation to deliver a state of the art school for young people with autism, aged 4 to 25, and a world-leading diagnostic centre, in partnership with the Club and the National Autistic Society, has been approved by Epping Forest District Council.
The Autistic Spectrum Disorder (ASD) School, designed to provide specialist education for up to 128 pupils, includes a mixed-use games area, playing fields and a kitchen garden and will cater for young people with ASD from across the Essex region.
It will be the first purpose built facility specifically designed to provide the best possible learning environment for people diagnosed with autism in the world. The new school is due to open in September 2016 and will be managed and operated by the National Autistic Society, the leading charity in this specialist area of education.
As part of the approved application, 60 new homes will be built as enabling development, with the proceeds being used to pay for the delivery of the school and its facilities.
The Club is delighted that a suitable use has been found for Spurs Lodge given its considerable planning constraints. This scheme will ensure that the long term interests of the community are served through the delivery of a high quality school for young people with autism while enabling us to maintain an interest in a site that has played such an important and momentous role in the recent history of our Club.
Outlook
Chairman, Daniel Levy, said: "This financial period saw major changes to the squad. The appointment of Mauricio and his coaching staff in June 2014 has resulted in a coherent determination from top to bottom of the footballing side of the Club to ensure our sporting philosophy is adhered to - that is to have a balance of experienced and home grown players, playing attacking, entertaining football our fans love to watch. This strategy will continue as we embark on the summer transfer window.
“We continue to devote our energies to delivering a new home for the Club in Tottenham. It has been rewarding to see the progress and growth now being made both on and off the pitch and we look ahead with realistic optimism."
FINANCIAL RESULTS
Financial Highlights
Revenue for the year ended 30 June 2014 was at a record level of £180.5m, an increase of 22% on the prior year (2013: £147.4m).
Profit from operations excluding football trading and before restructuring and depreciation was £36.0m (2013: £23.4m). Profit for the year after interest and tax was £65.3m (2013: £1.5m).
The Club had net funds of £3.2m at the year end (2013: net debt £54.8m) and net assets had risen to £183.7 million (2013: £78.4m).
Northumberland Development Project (NDP) Update
The Club has been actively engaged with developments that contribute to the uplift of the local area. To date we have delivered Brook House, in partnership with Newlon Housing Trust, which has 23 floors of shared ownership housing along with a new primary school. We have also completed Phase 1 of the NDP, Lilywhite House, which comprises a major new Sainsbury’s, a University Technical College and our new Club offices.
Visitors to the stadium will have seen the extensive site clearance work underway in preparation for the new stadium.
In respect of the last remaining property needed to complete the stadium site assembly, the lengthy challenge by Archway Sheet Metal Works Limited to the Secretary of State’s decision to grant a Compulsory Purchase Order (CPO) was comprehensively rejected on all grounds after a High Court hearing in February 2015.
Haringey Council has now started the legal CPO process that will culminate with the land price being determined by the Lands Chamber of the Upper Tribunal. On 6 March 2015 the Council published and served a Notice of Intention to execute a General Vesting Declaration in respect of the CPO land (which includes the Archway land). Service of this notice allows Haringey Council to execute a General Vesting Declaration from 7 May 2015. This will allow the Council to take possession of all remaining parcels of land under the CPO from 5 June 2015.
We shall continue to provide updates as matters progress.
Player Accommodation Lodge at the Training Centre
We were delighted that our application to build a Private Lodge for player accommodation, on a site adjacent to the Training Centre, was approved by Enfield Council in February.
The scheme will deliver high quality private accommodation for the First Team and Academy in an architecturally designed facility, and will allow the Club to create a controlled, consistent and familiar environment for our players to optimise rest, rehabilitation, recovery and diet alongside our world-class Training Centre.
Spurs Lodge, Chigwell
The Club has been working on several options for our previous Training facility in Chigwell and an application, led by the Anderson Foundation to deliver a state of the art school for young people with autism, aged 4 to 25, and a world-leading diagnostic centre, in partnership with the Club and the National Autistic Society, has been approved by Epping Forest District Council.
The Autistic Spectrum Disorder (ASD) School, designed to provide specialist education for up to 128 pupils, includes a mixed-use games area, playing fields and a kitchen garden and will cater for young people with ASD from across the Essex region.
It will be the first purpose built facility specifically designed to provide the best possible learning environment for people diagnosed with autism in the world. The new school is due to open in September 2016 and will be managed and operated by the National Autistic Society, the leading charity in this specialist area of education.
As part of the approved application, 60 new homes will be built as enabling development, with the proceeds being used to pay for the delivery of the school and its facilities.
The Club is delighted that a suitable use has been found for Spurs Lodge given its considerable planning constraints. This scheme will ensure that the long term interests of the community are served through the delivery of a high quality school for young people with autism while enabling us to maintain an interest in a site that has played such an important and momentous role in the recent history of our Club.
Outlook
Chairman, Daniel Levy, said: "This financial period saw major changes to the squad. The appointment of Mauricio and his coaching staff in June 2014 has resulted in a coherent determination from top to bottom of the footballing side of the Club to ensure our sporting philosophy is adhered to - that is to have a balance of experienced and home grown players, playing attacking, entertaining football our fans love to watch. This strategy will continue as we embark on the summer transfer window.
“We continue to devote our energies to delivering a new home for the Club in Tottenham. It has been rewarding to see the progress and growth now being made both on and off the pitch and we look ahead with realistic optimism."
"architecturally designed facility" as opposed to what other kind of designed facility 
What I'm interested to know is how much cash ENIC have squirelled away over the years and therefore how much is needed to be borrowed (and how an at what rate) for the stadium. The new TV deal may have come at a perfect time. With MoPo introducing more youth and the training academy and facilities paying dividends, it may be that the amount required to borrow and the time to pay it off could be small/short.
What I'm interested to know is how much cash ENIC have squirelled away over the years and therefore how much is needed to be borrowed (and how an at what rate) for the stadium. The new TV deal may have come at a perfect time. With MoPo introducing more youth and the training academy and facilities paying dividends, it may be that the amount required to borrow and the time to pay it off could be small/short.
Black can man said:
Sturridge out for another month 
Another £600k down the swanie !
He's got his own Twitter account now Another £600k down the swanie !https://twitter.com/Sturrinjury?lang=en
What a season!
Top scorer thus far in league and across all competitions despite not playing in the league until November.
A brace in his first North London Derby
An England call up and debut, scores on that too!
Each of those are the daydreams of kids and he's managed to pack them all into 5 months!
Lets hope he keeps his level head because it's going to be hard to replicate the buzz of that catalogue of Roy of the Rovers moments.
Top scorer thus far in league and across all competitions despite not playing in the league until November.
A brace in his first North London Derby
An England call up and debut, scores on that too!
Each of those are the daydreams of kids and he's managed to pack them all into 5 months!
Lets hope he keeps his level head because it's going to be hard to replicate the buzz of that catalogue of Roy of the Rovers moments.
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