The Official Tottenham Hotspur Thread [Vol 7]

[Blib]

If only there was a Spurs fan who was also an accountant interested in what's going on at WHL.

:scratchchcin:

[blindswelledrat]

London424 said:

The huge influx of Prem money only appeared in these most recent accounts. Funnily enough Spurs reported 80 million profit (the highest ever in the Prem league), so the money is there.

Oh fair enough. I missed that. Yay for Levy. My hero.

[London424]

blindswelledrat said:

London424 said:

The huge influx of Prem money only appeared in these most recent accounts. Funnily enough Spurs reported 80 million profit (the highest ever in the Prem league), so the money is there.

Oh fair enough. I missed that. Yay for Levy. My hero.

Haha...I'm not saying that and everyone will have a different view. I'm just not sure what the alternative is? Plenty on here have said they'd hate to have a Sheik/Oligarch come in and play fantasy football. Levy seems to be able to have run the club without running up massive debts while improving the competitiveness of the team, building a worldclass training ground, getting the NDP up and running which had fans that owned businesses being a pain in the arse and delaying things.

To top things off he's signed a deal with the NFL which is only going to be beneficial for the club and the surrounding area.

[Adam B]

London424 said:

The huge influx of Prem money only appeared in these most recent accounts. Funnily enough Spurs reported 80 million profit (the highest ever in the Prem league), so the money is there.

Taking this and the comment in the report together I would read this as - we are making a healthy profit but taking it all out as dividends, whilst borrowing more to fund the investment

[London424]

Adam B said:

London424 said:

The huge influx of Prem money only appeared in these most recent accounts. Funnily enough Spurs reported 80 million profit (the highest ever in the Prem league), so the money is there.

Taking this and the comment in the report together I would read this as - we are making a healthy profit but taking it all out as dividends, whilst borrowing more to fund the investment

But shouldn't that show somewhere? All I could track was 80 mil profit. After tax that was 60 something. They paid back 20 mil short term loan, plus a few other bits and currently have almost 40 mil of cash.

[Blib]

I got speaking to a woman this evening. Turns out she is Daniel Levy's dog walker. He has a dog called Lillywhite. I think she said that the dog was a Westie. But, by then I was a bit bored by the conversation. Carry on

[Black can man]

She was leading you on.

[hornetrider]

Blib said:

I got speaking to a woman this evening. Turns out she is Daniel Levy's dog walker. He has a dog called Lillywhite. I think she said that the dog was a Westie. But, by then I was a bit bored by the conversation. Carry on

I'm bored too.

[Adam B]

London424 said:

But shouldn't that show somewhere? All I could track was 80 mil profit. After tax that was 60 something. They paid back 20 mil short term loan, plus a few other bits and currently have almost 40 mil of cash.

Yes that is all well and good but it is at odds with the report saying a) the capital structure will change (the balance between equity and debt, code for increase borrowing if they are not having a follow on share issue) and b) the necessary funding will be obtained.

If they used previous profits then they wouldn't need to borrow further funding, especially with massive increase in TV money next year. Either the profits are being retained for a rainy day or buying Benzema or ENIP will take it out as dividends and add debt to finance the stadium.

I may be jumping to conclusions as I don't have accounts in front of me, but it looks odd to borrow and pay interest is hen you have cash left idle.

Edited by Adam B on Friday 28th August 07:51

[Adam B]

Happy to stop if I am boring you

[Blib]

hornetrider said:

I'm bored too.

Have another cake.

[TheGreatSoprendo]

Poch is getting all poetic.

http://www.bbc.co.uk/sport/0/football/34081581

[Blib]

"Not only have the offers been too low as a valuation of the player, but they have been based on stage-payments and add-ons over a long period which do nothing to reflect Saido's ability and potential."

We're skint.

[hornetrider]

Blib said:

We're skint.

Cheer up. Have a cake.

[TheGreatSoprendo]

Blib said:

We're skint.

Either that or Levy's being Levy.

[Blib]

hornetrider said:

Blib said:

We're skint.

Cheer up. Have a cake.

What have you done with our Hornetrider???? He'd never willingly give up cake!

[London424]

Blib said:

"Not only have the offers been too low as a valuation of the player, but they have been based on stage-payments and add-ons over a long period which do nothing to reflect Saido's ability and potential."

We're skint.

Don't think it's that at all. West Brom are asking big big money for a player with a lot still to prove. I'm not being funny here but they are talking about £30 million for someone who is young, had 1 decent season, is only an Eng U21 player, and would only likely be a back up to Kane.

ETA: Chelsea just bought Pedro for 21M!

Edited by London424 on Friday 28th August 09:26

[London424]

Adam B said:

London424 said:

But shouldn't that show somewhere? All I could track was 80 mil profit. After tax that was 60 something. They paid back 20 mil short term loan, plus a few other bits and currently have almost 40 mil of cash.

Yes that is all well and good but it is at odds with the report saying a) the capital structure will change (the balance between equity and debt, code for increase borrowing if they are not having a follow on share issue) and b) the necessary funding will be obtained.

If they used previous profits then they wouldn't need to borrow further funding, especially with massive increase in TV money next year. Either the profits are being retained for a rainy day or buying Benzema or ENIP will take it out as dividends and add debt to finance the stadium.

I may be jumping to conclusions as I don't have accounts in front of me, but it looks odd to borrow and pay interest is hen you have cash left idle.

Edited by Adam B on Friday 28th August 07:51

Not boring at all (well not boring me anyway).

I think it's pretty obvious that there is going to have to be borrowing of some kind. No club is every going to be able to pay 400 mil cash. I'm just curious about is there a way of seeing if ENIC are taking money out of the club or not.

[hornetrider]

Blib said:

hornetrider said:

Blib said:

We're skint.

Cheer up. Have a cake.

What have you done with our Hornetrider???? He'd never willingly give up cake!

I said a cake. Not my cake.

Dick.

[Blib]

hornetrider said:

Blib said:

hornetrider said:

Blib said:

We're skint.

Cheer up. Have a cake.

What have you done with our Hornetrider???? He'd never willingly give up cake!

I said a cake. Not my cake.

Dick.

You've changed your name? Or, is Richard your given one?

Cheers,

The Moose.