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Transfer thread

superspurs said:
Big time.

Sick of it, "we won't pay £50m for someone who will sit on the bench!" or "They won't come to be backup to Kane!" - balls to both of those statements now, if we want to compete then we need to compete with sides that already have multiple very expensive players sitting on their bench, we need depth in positions where 1 injury can derail our season, time to get serious.
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While I completely agree with the need for a squad, the problem we have is that we don't (/cannot afford to) pay massive wages. Players are generally happy if they're either playing lots OR if they're earning lots. We can't compete with the richest teams financially (up 'til now, anyway) so we have to offer players pitch time. As we've seen with Liverpool and Jota, a player who's good enough should be in regular rotation. That's something Poch absolutely failed to do, for example -- and not just because our reserve players were a big step down.

But yes, all this bodes very well. Happy to pay £50M (or more) for Richarlison if it means we've genuinely got 4 players (plus Moura) for 3 places.
 
FatBloke said:
While I completely agree with the need for a squad, the problem we have is that we don't (/cannot afford to) pay massive wages. Players are generally happy if they're either playing lots OR if they're earning lots. We can't compete with the richest teams financially (up 'til now, anyway) so we have to offer players pitch time. As we've seen with Liverpool and Jota, a player who's good enough should be in regular rotation. That's something Poch absolutely failed to do, for example -- and not just because our reserve players were a big step down.

But yes, all this bodes very well. Happy to pay £50M (or more) for Richarlison if it means we've genuinely got 4 players (plus Moura) for 3 places.
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Maybe wages need to be factored in to the £150m.
 
Lilbaz said:
Signing on fees yes but not wages. Our wage bill will have to be paid each year, as we won't be getting an extra £150m each year we can't use it as a basis. Also the £150 has to be spent by the end of 2022.
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We have loads of room on the wage bill. We operate the lowest wage to turnover ratio in the Premier League. Now that our debts are all structured long term and we're (seemingly) not trying to borrow any further money we should no longer have to show big profits and can instead increase our operating costs.
 
Lilbaz said:
Signing on fees yes but not wages. Our wage bill will have to be paid each year, as we won't be getting an extra £150m each year we can't use it as a basis. Also the £150 has to be spent by the end of 2022.
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Don’t you mean it has to be drawn down by the end of the year? Don’t think it has to be spent by the end of the year. Not sure how that would even work, I mean what would happen to any of it not spent by the end of the year? Where would it go!
 
Lilbaz said:
Signing on fees yes but not wages. Our wage bill will have to be paid each year, as we won't be getting an extra £150m each year we can't use it as a basis. Also the £150 has to be spent by the end of 2022.
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Re the spending by end of the year : it has to be drawn down by then - is that the same as having to spend it by then? Maybe a stupid question - but if we don't spend it all this year, could we draw down a chunk in say December with a view to spending it in January if needed? Or is drawing down the same as spending?
 
AjaxDeSuperYids said:
Don’t you mean it has to be drawn down by the end of the year? Don’t think it has to be spent by the end of the year. Not sure how that would even work, I mean what would happen to any of it not spent by the end of the year? Where would it go!
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ENIC, the majority shareholders of Tottenham Hotspur have agreed to a capital increase of up to £150m through the issue of convertible 'A shares' and accompanying warrants.

Put simply, this means that the football club have up to £150m worth of shares previously held by ENIC at their disposal to convert to cash to invest in players and off the pitch amenities.

It should also be noted, that as part of this agreement, if the full £150m is used by Tottenham by the end of the year, ENIC's ownership of the club would see a 1.9% increase from their current 85.6% ownership status.

https://www.vavel.com/en/football/2...tment-as-they-look-to-back-antonio-conte.html

Edit- seems the os does say drawn. Not used.
 
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Glenda's Legs said:
Re the spending by end of the year : it has to be drawn down by then - is that the same as having to spend it by then? Maybe a stupid question - but if we don't spend it all this year, could we draw down a chunk in say December with a view to spending it in January if needed? Or is drawing down the same as spending?
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See the post above. That's what was said.
 
Lilbaz said:
ENIC, the majority shareholders of Tottenham Hotspur have agreed to a capital increase of up to £150m through the issue of convertible 'A shares' and accompanying warrants.

Put simply, this means that the football club have up to £150m worth of shares previously held by ENIC at their disposal to convert to cash to invest in players and off the pitch amenities.

It should also be noted, that as part of this agreement, if the full £150m is used by Tottenham by the end of the year, ENIC's ownership of the club would see a 1.9% increase from their current 85.6% ownership status.

https://www.vavel.com/en/football/2...tment-as-they-look-to-back-antonio-conte.html
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All a bit Brewster’s millions isn’t it?!
 
Lilbaz said:
Signing on fees yes but not wages. Our wage bill will have to be paid each year, as we won't be getting an extra £150m each year we can't use it as a basis. Also the £150 has to be spent by the end of 2022.
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Correct wages are never part of a capital budget.
 
Lilbaz said:
See the post above. That's what was said.
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The OS just says "The investment represents permanent capital, with no ongoing interest cost to the Club, and which may be drawn in tranches until the end of the year" - nothing that it has to be physically spent this year. But maybe it's the same thing, and it's a condition i.e. it can only be drawn down if it is to be spent this year.
 
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