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Could Our Club Be in A Spot Of Bother?

Discussion in 'Spurs News & Views' started by Gilzeantoscore, 9 Apr 2020.

  1. Gilzeantoscore

    Gilzeantoscore Dean Austin

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    Just putting this out there. Given our massive spend on the new stadium, could the mighty Spurs potentially be facing a financial catastrophe, If the league doesn't resume any time soon? How can we be repaying the debt when we are not drawing on any income? I have read speculation that smaller clubs could disappear, but what about the really big ones?
     
    Craig_J likes this.
  2. StephenH

    StephenH Chris Jones

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    Nothing wrong with what you said above Mr G. I am scared for our club!
    I was more commenting on the wage cut kerfuffle!
     
    Gilzeantoscore likes this.
  3. Danishfurniturelover

    Danishfurniturelover the prettiest spice girl

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    At the end of the day the owners have enough money to stop us going bust. If we went bust they would not get any money selling us.

    So we wont go into administration or anything like that.

    But as for transfers this summer.....
     
    thfcsteff likes this.
  4. scaramanga

    scaramanga Vivian Woodward Staff Member

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    I genuinely doubt they do. People don't sit on piles of cash that large any more than businesses do.

    They have assets, but nobody's buying right now - everything is a lot less liquid than it would normally be.
     
  5. Danishfurniturelover

    Danishfurniturelover the prettiest spice girl

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    Im sure they can get money together to keep the club going, we are a billion pound asset they are not going to let us go without a fight.
     
  6. Yiddo

    Yiddo Terry Venables

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    Even if our owners couldn’t afford to save us we would be sold. Someone with bags of money will buy us.
     
  7. billyiddo

    billyiddo David Ginola Staff Member

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    We have to pay 20 odd mil a year to service the loan so that's how much worse off than other clubs we are as far as i can see?

    Then factor in that our wages to turnover ratio is pretty low and that we have been turning a profit the last few years then i would suggest we are not quite at panic stations yet
     
    Robbo likes this.
  8. mephitis

    mephitis Ronnie Rosenthal

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    Nah mate. I'll be coughing up a grand next season (as will the (1,2,3,4,5,6,7,8) people immediately around me) We'll survive but we might drop a bit down the pecking order.

    That said everybody else is in the same boat, so maybe the pecking order will be skewed accordingly.
     
  9. El Guepardo

    El Guepardo Paul Robinson

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    I can imagine there will be a few clubs that are ripe for a takeover bid. Perhaps our’s might be one of them. The market value is likely to be as low as it has been for the last year. With the PR headaches, poor club form, and coronavirus all impacting upon the club’s finances. Will be an interesting year ahead.
     
    Legohamster likes this.
  10. Glenda's Legs

    Glenda's Legs Steve Carr

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    Do you think there will be season ticket sales for next season? I can't see it myself as fans likely won't be able to attend any games.
     
  11. SteveAWOL

    SteveAWOL Les Ferdinand

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  12. Baleforce

    Baleforce Fanny Walden

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    I’m confident that Levy can handle it, there isn’t a club in more competent hands.

    There are a few in richer ones of course so I don’t think this will elevate us in any way.
     
    Yermiyahu, SteveAWOL, Robbo and 3 others like this.
  13. Legohamster

    Legohamster Frederic Kanoute

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    A lot of question would needed to be asked if we are - as you say our wage bill isn’t out of control and our net spend is in hand as well.

    There no real reason for us to be in trouble.
     
  14. elyid

    elyid Mido

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    I’ve read in several places that the PL TV money will still get given out even if the season doesn’t finish. Think they’re considering giving it out soon, with final amounts adjusted if the season resumes.

    Should help most clubs.
     
    StephenH likes this.
  15. Legohamster

    Legohamster Frederic Kanoute

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    The TV companies are in the weaker position here.

    If BT/SKY refuse to pay up anything PL will sell the rights elsewhere - Amazon etc will buy them up - or they might just start their own network.

    I’ve always thought it would end up that way - you could have 3 packages

    Club only
    All PL football
    Pay as you go

    It would appease the bigger clubs as well as they would get a bigger slice of the pie.
     
  16. scaramanga

    scaramanga Vivian Woodward Staff Member

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    And then all the dinosaurs who like 4-4-2 and Jim Davidson would stop them streaming 3pm games because poor northerners and it would all fall apart.
     
  17. parklane1

    parklane1 Gary Stevens

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    I would agree with this, if anyone can bring us through this it would be Levy.
     
  18. Finney Is Back

    Finney Is Back Nick Barmby

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    Why do we think Levy is the best person to do this? Where has he previously shown he is the right man for that? Has he been a CEO anywhere else other than Spurs and Mr Byrite?
     
  19. Finney Is Back

    Finney Is Back Nick Barmby

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    Our new business model has us making more from our stadium than any other club.... just as that revenue has dropped off of a cliff. When it starts up again amidst a massive Worldwide recession how are our highest ticket prices going to fair? What about our 8,000 very expensive Corp seats as companies strip back spending to the bone?
     
  20. Grays_1890

    Grays_1890 John Lacy

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    Took a 55m investment and turned it into 2bn worth.

    Reversed 20+ years of regression against the likes of Arsenal and Man United and put us into the top 4 year in year out consistently more than we have ever done, which resulted in revenue and turnover and did it with an organic model, not one where you rip a country off and pump the money into a vanity project aka Chelsea and Emirates Marketing Project.
     
    Robbo, glasgowspur, NickTB and 4 others like this.

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