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Financial Results
- Thread starter Jordinho
- Start date
Bullet
Barry Daines
ricky2tricky4city
Colin Calderwood
Tell me more about the financial landscape of the club?
ricky2tricky4city
Colin Calderwood
Dont worry Bullet we're just gonna self-cert on the stadium.
Failing that we've got De La Rue on speed dial.....fire up the printing presses
Is it 42?
Really think people miss the point, the numbers show why Spurs invested ..
Revenue from match days went from 19 -> 42 leveraging Wembley (based on not all sold out games, numerous games without full capacity allowance and lesser corporate than in NWHL) it does give an idea of our new revenue potential for match days
Naming rights are yet to be locked (current ranges are between 150 - 400M)
NFL & Rugby numbers undisclosed
The debt is something that can be managed.
Revenue from match days went from 19 -> 42 leveraging Wembley (based on not all sold out games, numerous games without full capacity allowance and lesser corporate than in NWHL) it does give an idea of our new revenue potential for match days
Naming rights are yet to be locked (current ranges are between 150 - 400M)
NFL & Rugby numbers undisclosed
The debt is something that can be managed.
Finney Is Back
Barry Daines
It’s pretty obvious why we are making big profits at the moment. It is because we need all the cashflow we can get to pay for the stadium before we start to receive the additional revenue that it will generate.
A large amount of the profit levels we are seeing now will be able to be reinvested in playing squad from now on.
A large amount of the profit levels we are seeing now will be able to be reinvested in playing squad from now on.
Craig_J
Sergei Rebrov
JerusalemMan
Christian Ziege
Only in two years' time will we see the accounts that start to show the impact of the new stadium on income rather than costs, debt and assets.
That should open eyes as to why this has all been done.
That should open eyes as to why this has all been done.
Surely Blu-Ray or 4K UHD with HDR/Dolby Vision?Been waiting all day for the DVD announcement.
StephenH
Tommy Harmer
Depends on so many factors it’s not normally that simple!
The loans will be likely be on a fixed repayment schedule.
K.D.D.D.D.Soc
Les Medley
Too positive
Modric THFC
Jimmy McCormick
Really good twitter thread on this with scan of the documents
This is really where you can see the extra money came from. The huge increase in commercial is most surprising
This is really where you can see the extra money came from. The huge increase in commercial is most surprising
lurker of old
Ronnie Rosenthal
Levy did an exceptional deal with Wembley, they were not happy with our prolonged tenancy, so next year's revenue may well be lower, as the text indicates. None the less, finance costs of just £21m or so, seems a very advantageous way to pay for such a huge increase in matchday income compared with the old stadium. "Shrewd our Chairman is"
Finney Is Back
Barry Daines
Sort of.... The current loans are all payable in full in 2022. However now that the stadium is operational these loans will be replaced with new ones, likely to be a mixture of short, medium and long term maturities.
Interesting, so my main take on this is we appear to have £460m loans as of last June. It then also states we borrowed another £100m in October after theses results. So looks like our debt position is around the £560m mark. Fairly hefty. Will be interesting how this is financed. I assume Levy will look to pay down a bulk of this with a naming rights deal that pays up front also with no signings in over a year normal operations might allow some money to go towards this. If when we come to refinance this is down to £400m or less I wonder over what sort of period and then affect on the club finances to service the debt this will have.
Interesting to note that match receipts were £71m. Got me thinking what can we hope for at the new lane. I’ll base it on 22 home match days. Across the all games and different price categories the average cost per seat must be about £50 if not more. I believe that season tickets are not that much cheaper than the cost of games. Based on that each match on average should brining in £3000000 in match tickets, attendance of 60000. That would come to £66m. If you also say the average match day spend of fans on beer etc.. is £5 then you add on another 300000 before costs. We shouldn’t be far of that £71m match day receipts. I’ve tried to be conservative with the estimates.
Interesting to note that match receipts were £71m. Got me thinking what can we hope for at the new lane. I’ll base it on 22 home match days. Across the all games and different price categories the average cost per seat must be about £50 if not more. I believe that season tickets are not that much cheaper than the cost of games. Based on that each match on average should brining in £3000000 in match tickets, attendance of 60000. That would come to £66m. If you also say the average match day spend of fans on beer etc.. is £5 then you add on another 300000 before costs. We shouldn’t be far of that £71m match day receipts. I’ve tried to be conservative with the estimates.
Finney Is Back
Barry Daines
Remember that the 8,000 corporate seats will also generate a large level of income.....
I would guess:
Corporate = 8,000 x £5,000 (estimated average cost)
Away fans = 3,000 x £30 (per game)
Home fans = 50,000 x £60 (per game - I think this is more likely to be the average cost of a ticket factoring in prices and concessions)
Total = £99 million assuming a 19 game season.
Plus another £3.2 million per big cup game (I.e. CL or FA cup games against the big boys) assuming cup games are included for the corps as part of their £5k a year average and home and away fans pay the same £60 average cost per ticket for the big Cup games.
Smaller cup games probably more like £400k to £1 million (assuming £10 or £20 tickets and 40,000+ crowds.
Assuming a Spurs team who reach the last 16 of the CL I would expect total stadium ticket revenue of about £115 million and then add on to that £250,000 to £500k per game of food and drink sales.
On top of this I would expect us receive about £1 million each time we rent the stadium out for NFL, rugby, football internationals concerts, etc.
Assuming an eventual £15 million PA stadium sponsorship, it is not beyond the realms of possibility that the stadium revenue could be worth as much as £150 million a year.
DubaiSpur
Jack Jull
Convert to longer-term maturities, problem goes away forever.
Unless you think our plan is to generate 100 million pound profits per year to pay the loan off in six years? Which would be pretty amusing, considering that a large chunk of them (I believe) comes due in three years, so it isn't even possible at that rate unless Levy starts selling off everything that moves.
What would you like to know?
Modric THFC
Jimmy McCormick
The loans will end up being something like £35-40m a year over 20 years. With the club getting £20m ish from naming rights every year.
Meanwhile we made an extra £80m last season and that was before tickets prices were increased dramatically.
Meanwhile we made an extra £80m last season and that was before tickets prices were increased dramatically.