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Tottenham Hotspur Stadium - Licence To Stand

Southstand323 said:
Still struggling to work out how they seem to run out of Beavertown beer before kick off at every game?! I usually get in to the market place before KO and usually its chaos, pumps not working, neck oil runs out. you'd think they would have enough beer to go round?!!
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That is SUPER tinkle-poor. Literally couldn't organise a tinkle-up in a brewery. The brewery is on-site and there are plenty more supplies available. They have a week's lead up to each event. They have a captive crowd. Jeez, how hard can it be?

The bottoms-up beer dispensing company must have a lot of bad press from this, Levy will not be paying up.
 
Bullet said:
That is SUPER tinkle-poor. Literally couldn't organise a tinkle-up in a brewery. The brewery is on-site and there are plenty more supplies available. They have a week's lead up to each event. They have a captive crowd. Jeez, how hard can it be?

The bottoms-up beer dispensing company must have a lot of bad press from this, Levy will not be paying up.
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Takes to fudging long. Nice gimmick and all that but not ideal with thousands of fans.
 
Bullet said:
That is SUPER tinkle-poor. Literally couldn't organise a tinkle-up in a brewery. The brewery is on-site and there are plenty more supplies available. They have a week's lead up to each event. They have a captive crowd. Jeez, how hard can it be?

The bottoms-up beer dispensing company must have a lot of bad press from this, Levy will not be paying up.
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Storage issues possibly
 
Real ale - with huge casks to feed from gravity.

Low-tech, but eaffective. And easier to drink. And lower carbon footprint through not chilling to hide lack of flavour.
 
Whiffler said:
Real ale - with huge casks to feed from gravity.

Low-tech, but eaffective. And easier to drink. And lower carbon footprint through not chilling to hide lack of flavour.
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People say Levy is a genius, but a real genius - like yourself - would install such a facility above the stands. With ping-back retractale straws. Allowing the breathrin to quench their thirst without leaving their seat.
 
SpurMeUp said:
People say Levy is a genius, but a real genius - like yourself - would install such a facility above the stands. With ping-back retractale straws. Allowing the breathrin to quench their thirst without leaving their seat.
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retractable funnels too, so it can be "recycled"?
 
Full article:

Tottenham Hotspur have started to spread the financial burden of their new stadium by refinancing more than £400 million of bank debt.

Spurs borrowed £637 million from Bank of America, Goldman Sachs and HSBC to pay for their £1 billion new stadium that opened in April. That bank facility was initially due to be paid back by April 2022.
But Bank of America has launched a new private placement scheme to turn roughly £400 million of that debt into bonds with staggered maturities ranging between 15 and 30 years. They reached out to institutional investors in the US with a conference call last week.

While this deal will not immediately decrease the level of Tottenham’s net debt, which is approaching £600 million, it will relieve the immediate pressure for Tottenham to pay the money back in less than three years’ time. The move also takes advantage of low interest rates in the US and puts the club’s finances on a stable long-term footing.

This arrangement follows up on a commitment that the club made in the financial update released in October 2018. That statement, which revealed the club had increased its bank facility from £400 million to £637 million, alluded to a re-financing programme this year.

“Working with our Banking Partners and our financial advisor, Rothschild & Co, we shall be converting this development facility, which currently expires in April 2022, into notes with a mixture of debt maturities,” Spurs said last year. “The residual amount of gross debt to be converted or extinguished will depend on a number of factors including several commercial discussions.”

Spurs’ arrangement has been compared to Manchester United’s May 2015 refinancing, when the Red Devils raised $425 million of bonds through a private placement scheme. Private placements are typically available to borrowers of a higher credit quality, and so both Tottenham and Manchester United benefited from having an investment grade rating. That has allowed them to borrow over a longer period of time, and at lower interest rates. In contrast, Italian sides Inter Milan and Roma have recently had to issue high yield bonds instead, with shorter maturities.

Tottenham Hotspur and Bank of America both declined to comment.

https://theathletic.co.uk/1140866/2...tottenham-as-they-refinance-400m-of-debt/#_=_
 
Not sure if this belongs here, but I'm assuming we've seen our transfer budget and payroll increase for this season?
 
Denmark Spur said:
Full article:

Tottenham Hotspur have started to spread the financial burden of their new stadium by refinancing more than £400 million of bank debt.

Spurs borrowed £637 million from Bank of America, Goldman Sachs and HSBC to pay for their £1 billion new stadium that opened in April. That bank facility was initially due to be paid back by April 2022.
But Bank of America has launched a new private placement scheme to turn roughly £400 million of that debt into bonds with staggered maturities ranging between 15 and 30 years. They reached out to institutional investors in the US with a conference call last week.

While this deal will not immediately decrease the level of Tottenham’s net debt, which is approaching £600 million, it will relieve the immediate pressure for Tottenham to pay the money back in less than three years’ time. The move also takes advantage of low interest rates in the US and puts the club’s finances on a stable long-term footing.

This arrangement follows up on a commitment that the club made in the financial update released in October 2018. That statement, which revealed the club had increased its bank facility from £400 million to £637 million, alluded to a re-financing programme this year.

“Working with our Banking Partners and our financial advisor, Rothschild & Co, we shall be converting this development facility, which currently expires in April 2022, into notes with a mixture of debt maturities,” Spurs said last year. “The residual amount of gross debt to be converted or extinguished will depend on a number of factors including several commercial discussions.”

Spurs’ arrangement has been compared to Manchester United’s May 2015 refinancing, when the Red Devils raised $425 million of bonds through a private placement scheme. Private placements are typically available to borrowers of a higher credit quality, and so both Tottenham and Manchester United benefited from having an investment grade rating. That has allowed them to borrow over a longer period of time, and at lower interest rates. In contrast, Italian sides Inter Milan and Roma have recently had to issue high yield bonds instead, with shorter maturities.

Tottenham Hotspur and Bank of America both declined to comment.

https://theathletic.co.uk/1140866/2...tottenham-as-they-refinance-400m-of-debt/#_=_
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The low interest rate era had really helped us here.

Probably gonna pay the other £237m back in Neck Oil this season.... probably doable judging by last season.
 
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