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Maverick…please…no…Kane is a good player but not in City’s way of playing. We have young Jesus anyhow to back up Augerro and he will continue to keep knocking them in
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There is a tweeny weeny bit of me that is starting to think it really wouldn’t be the worst thing in the world if Poncho went next summer. We’ve been playing the same way for 4/5 years now, and when it works it works quite brilliantly as the first half against Palace showed. However, other than going with a big-lump up top (Jannsen & Nando) and playing it long we have no plan B, and I think it’s fair to say a fair few teams have sussed out plan A as last night showed.
Starting to think if Spuds 2.0 is just a case of some different personell but the same Plan A, we could thinking we’re taking 2 steps to go 3 steps forward but forgetting the 3 steps forward part as our Plan A has been well and truly sussed.
Of course, none of the summer signings has really been given a decent run yet, so time will tell, but the thought we need some fresh thoughts in the dug-out isn’t going away just yet.
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Banjo, one wonders if Poch thinks he shouldn’t have signed such a long contract which would have freed him up more to move somewhere else – or it could well have put more pressure on Levy to cough up a bit more on transfers so he wouldn’t lose him if it was a shorter contract. That long contract has done neither side any favours it seems.
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Mikus, reckon that was Levy covering his bases and making sure he’ll get a wedge from UnYooUtd (let’s be honest, we all thought that was going to happen!). But, like to say, they’re kinda stuck with each other for now, unless Real Madrid do what Real Madrid to best…
I made a comment with Waspy not so long back, saying the team peaked about 18 months ago, and then the no signings for two transfer windows really hampered us, it meant no real changes to the team, and although it gave the players the time to gel, it also gave everybody else to chance to suss us out.
Like I said, I’ll reserve complete judgement until this summers signings have had a chance to play a hell of a lot more than they have…
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Very soon both Real & Barca will have managerial jobs vacant,so Poch should really take one if offered. Rio & Neville reckon that HK should be thinking long-term,too.And I agree.
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Real, yes, Barca, no…
I remember the days when UnYooUtd simply bought all the best Spud players. Now, they just get their gobshite pundits to convince them to leave… only way to beat us these days! 🙂
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What I wouldn’t give to get a 23 year-old clone of “The Moose” back at the Lane!
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Or even 2 of them!! 🙂
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Both of them,Kylie,surely? Barca manager should have gone last summer,wont last if they dont win the CL.
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Meant he’ll bugger off to Real Mess, not Barca-moana…
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You know your club better than me banjo, and while I dont think it would be disastrous if Poch leaves I do struggle to see how spurs could progress further with him let alone without. When you consider the relative resources he has had to other managers, then compare relative points gained over last 4 or 5 years, I struggle to see how many managers could do as well let alone better.
Imo, if Poch goes it will be of his own free will, no way in hell would Levy push him, because he always delivers for Levy what Levy needs to deliver to the owners, no safe bet alternatives out there that I can see that can guarantee Levy’s Job, and ultimately that is Levy’s main goal, self preservation via consistently delivering profits.
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LD… with all due respect cyber chum, you might be thinking of the Glazers and their attitude rather than Levy and the Spuds. Levy, for all his faults, is a Spuds fan first and foremost. It isn’t all about the profits as it is with the Glazers for example (or certainly seems that way!).
Yes, there is a lot of debt on the club at the moment, but I have read articles that have explained the finances far better than I can. The way I understood things, the loan is spread like mortgage over the course of 30 years so counts very little with regards to FFP (a bit like how transfer fees are counted over the length of the contracts) and the amount actually burrowed is a lot less than reported (it is nowhere near the billion the stadium cost!) and the repayments are less than half what the Glazers take out of United every year in interest alone.
Mix this in with projected turnovers from events at the new stadium and projected turnover income over the next few years, I’ll think you’ll see the Spuds transfer record being broken a few more times over the next few years when the right player comes along. We’ll be closing the gap considerably to the really big-boys, far closer than many people realize. There are projections (and yes, who knows how accurate they really are!) that will put us 2nd behind only United in the UK, and behind only Real, Barca and Munich abroad. And considering it seems a hell of a lot United’s “noodle” deals seem to have performance clauses, unless they get back in the CL soonish, we might even end up above them in 2/3 years…
Sure, there were a couple of lean years, and yeah, Poncho has performed small miracles keeping getting and keeping the Spuds in the Top 4 on the budget his had. The question now, is can he build Spuds 2.0, like Fergie did several times at United? He certainly deserves the chance I feel, as I certainly feel Spuds 1.0 has run its course. Obviously, we’ll find out next summer when Wee Erik, Toby and probably Jan all bugger off…
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Chucky, but ENIC own Spurs and Joe Lewis is by far the majority shareholder of ENIC. Joe Lewis is an investor just like the Glazer’s with the same objectives as the Glazers.
“ENIC have been in control of Spurs for so long, many fans can’t remember a time when Lewis was pulling the strings from afar and his protege Daniel Levy was running the show from London. There has been talk of a Middle East consortium making a £2billion offer for the club, but it would be a surprise if ENIC sell up before the new stadium is raking in the profits and some of the debt is paid off from a build reportedly costing £1billion in total. Bahamas-based tax exile Lewis doesn’t speak publicly about Spurs, the club ENIC bought a controlling stake in back in 2001, when Levy was appointed chairman. Lewis owns the majority of ENIC’s shares and his protege Levy, who owns the remainder, is his representative on planet earth, in day-to-day charge of a club that has grown enormously in value in recent years. Tottenham have established themselves as a Champions League club, while the Premier League broadcasting deals, from home and abroad, continue to keep the coffers swelled. The end of the line may be coming into sight for octogenarian Lewis, but not until he makes a financial killing, first.” James Turner This is Futbol March 2019.
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Well, time will tell Nine, won’t it? 🙂
As a Spuds fan, I’m way more concerned with what is going on on the pitch rather than what is going on off the pitch. And as much as Mr. Turner is perfectly entitled to his opinion, that’s all the above is, an opinion piece. Pure conjecture on something that might happen.
Off course, you could say the same about mine, but financial reports from the likes Deloitte carry a little bit more weight in my world.
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But when Spuds starting hitting the 600/700 million turnover bracket in the next few years, remember your Uncle Banjo!! 🙂
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Good post banjo, obviously the projections you cite cant really be taken on board without understanding how it is calculated, but just because it doesnt make sense to me now doesnt mean it isnt correct.
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Banjo, can you drop a link to were I can read those projections, I cant find them through google. I can find lots of links to Deloitte showing spurs have second highest profit and thats great in itself obviously, if that continues then they may well become the best club in England for turning a profit but thats not what you or any one else will judge your team on. The proof will be when spurs start spending like the richest club, then I will believe you, and probably swear at you too 🙂
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Absolutely Chucky but what we do know is that Joe Lewis is the majority shareholder of ENIC who own Spurs not Spurs supporting Daniel Levy and whatever happens in the future in respect of Spurs it will be Joe Lewis or at the age of 82 the Lewis family and seemingly his daughter Vivienne who will call the shots going forwards rather than Levy. And it’s generally accepted that Lewis bought Spurs as an investment rather than a labour of love.
Whatever happens in the future obviously Spurs are a much more valuable Club now than they were, given the current strength of the squad, regular CL football and a state of the art Stadium and training ground.
Be interesting to see how it all develops at Spurs from here.
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It was yonks ago LD, I’ll see what I can rustle up
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Relevant article from Friday’s Guardian:
Daniel Levy has insisted he will continue to run Tottenham on the balanced and relatively frugal business plan that has characterised his 18-year chairmanship after he announced a refinancing of the club’s stadium loans.
Spurs borrowed £637m from Goldman Sachs, Bank of America Merrill Lynch and HSBC for the £1bn project and the money was due to be repaid by April 2022. But through US investors Levy has converted roughly £525m of the debt into a bond scheme, with staggered maturities of between 15 and 30 years.
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Bank of America Merrill Lynch, which acted as lead placement agent and sole bookrunner on the bond issue, has provided a £112m term loan and HSBC has granted a revolving credit facility. The idea is to limit Spurs’ debt-servicing costs and the average annual interest rate on the new arrangement is 2.66%.Levy was asked by the Financial Times whether the refinancing would release more money for Mauricio Pochettino, the manager, to spend on transfers or new contracts for existing players. Three key squad members – Jan Vertonghen, Toby Alderweireld and Christian Eriksen – have entered the final year on their deals.
“It will have no bearing on how we run the club … and no bearing on those types of short-term movements [like transfers],” Levy replied. “I understand as I am a fan, clearly you want to win on the pitch. But we have been trying to look at this slightly differently, in that we want to make sure we ensure an infrastructure here to stand the test of time.
“We could have easily spent more money on players. Who knows if that would have bought us more success or not. The right approach is to build from the bottom up. There is no quick fix to becoming a much more significant global club.”
Spurs posted record revenues of £380.7m over the 2017-18 season and a pre-tax profit of £138.9m – the largest annual profit recorded by a football club. They say they spent about £120m in net terms on transfers last summer, which includes a commitment to turn Giovani Lo Celso’s loan from Real Betis into a permanent deal at the end of the season for about £60m.
Elliott McCabe, managing director in Bank of America Merrill Lynch’s sports finance and advisory group, said: “The management team of THFC continue to position the club for long-term success by growing the brand through ongoing investment, particularly in relation to the iconic new stadium. This is reflected in the strong market reception met by Tottenham Hotspur as a first-time issuer in the private placement market.”
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