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Daniel Levy - Chairman

Discussion in 'Spurs News & Views' started by Howard Webb, 8 Feb 2012.

  1. Raziel

    Raziel Chris Perry

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    No one is, the only other major stadium builds in PL recently

    - Arsenal, made huge mistakes, bad interest rates, not really designed for non football events, corporate facilities behind us, knocked them out of contention
    - West Ham, got a fudging freebie (with lots of questions)

    We have done an amazing job with the stadium, the issue was simply timing/outside scenarios

    - Poch unfortunately burnt out (and so did team) at just the wrong time (and I really don't believe buying one or two more players would have changed that)
    - Covid has fudged everyone but money doping clubs, with full stadium revenue and non football events, perhaps we could have got Skrinar (as example) and what difference that could have made even to this season (we have lost 20 points from winning position, one top class CB could have saved what % of that? half of that would put us in 3rd)

    This is all the same conversation in a bricky loop

    - For years, Levy/ENIC was here for a quick flip
    - Then the stadium planning/build was a red herring that never was going to happen (yes, this was a conversation on this board for years)
    - Then it was the net spend conversation, i.e. we were never going to spend more than we earn
    - Now it's we won't take the new stadium revenue (when it comes online) and apply it to players, or won't spend for managers/whatever (despite it being shown when Levy believes he has to do something, e.g. to let go Poch/Jose, he does it regardless of cost)

    It comes back to the same thing

    - People actually thinking RA at Chelsea is a good model? wtf, all the debt is still on the club (money they could never pay back) and they exist purely on his mood/goodwill
    - Same as above, it is the sugar daddy want.

    Levy is playing the long game, always has, in the long run it's the right decision

    - In two years with full revenue, non-football events and potential NFL collaboration, we will have a different conversation, problem is no one wants to wait.
     
  2. Finney Is Back

    Finney Is Back Chris Perry

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    1. Because they don’t have the demand (West Ham’s ultra low ticket prices are testament to what happens when a club without the fanbase build (or in their case inherit) a big stadium. Most PL clubs don’t really actually need a much bigger stadium, nor do they have the corporate demand that helps pay for it.

    2. Finding a site/planning permission. Stadiums sit on big pieces of land, it is difficult to find and acquire those close to good transport links. Such projects tend to need CPOs which are often difficult and time consuming to get.

    3. Cost. If we look at our project in its entirety it is thought to have cost £1.2 billion. If you looked to finance that and capitalize that whole amount over 25 years then even at the incredibly low average interest rate of 2.66% then that is £66m a year of repayments. THFC met around 40% of the stadium costs through profit made by the football club’s operations. Most clubs do not operate at profit levels that would allow this and for many clubs diverting transfer funds to pay for their new stadium as we did would likely lead to relegation and then vastly reduced funds. For us it instead led to reduced trophies and going from a CL club back to a Europa League club for a period of a (currently) unknown length of time.
     
    MKSpur likes this.
  3. Raziel

    Raziel Chris Perry

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    Yet Chelsea, Pool, Everton and United (I believe) have all applied and/or in some stage of major rebuild/remodel/move. It's not about the extra "regular" seats, it's all about corporate/hospitality facilities, and United/Pool/Chelsea will all have plenty of demand for that.

    We are the only ones to really successfully execute it, super easy to dismiss what an achievement it was, regardless of any momentary setbacks inflicted as result.
     
    Baleforce likes this.
  4. Baleforce

    Baleforce Jack L. Jones

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    United and Liverpool are both desperate for new stadiums, both are old and falling apart, United have seats they can't sell as holes in the roof drainage have created waterfalls above them, they already have the site to do what we did and knock them down and rebuild, neither would have trouble finding an alternate stadium to play at.

    Everton are going through the process now, why have they not announced the stadium sponsors in advance?

    I don't think its a simple thing at all, that we pulled it off so quickly and so impressively suggests it was a well managed project to me.

    Surely it's worth forgoing a few years of potential short term on the pitch success for a long term financial boon?
     
  5. Bedfordspurs

    Bedfordspurs Ralph Coates

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    Everton have a training ground sponsor
    Who also happens to be the pseudo owner of the club
    He has said he will sponsor then he will sponsor the ground too
     
  6. Baleforce

    Baleforce Jack L. Jones

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    Great, when is he handing over the cash to get things going?
     
    Bedfordspurs likes this.
  7. Glenda's Legs

    Glenda's Legs Nick Barmby

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    I think it was said in a meeting with the Trust as I have a vague recollection of reading it in the meeting minutes (which are signed off by the club before being published).

    Edit : This what I remembered : "The impact of the stadium project on future transfer budgets was raised. A certain percentage would be ring fenced and impact would be minimised as far as possible"
    https://www.thstofficial.com/thst-news/thstthfc-board-to-board-meeting-minutes-30-march-2015

    And
    "KS asked if the stadium build was expected to impact on transfer funds. DL said that transfer funds were still ring-fenced and there would remain a focus on strong performances on the pitch. We would, however, need to be pragmatic and realistic. That said, on pitch performance underpinned everything and would be a priority"
    https://www.thstofficial.com/thst-news/thst-thfc-board-to-board-meeting-minutes-29-september-2015

    Maybe there was something more definitive elsewhere?
     
    Last edited: 4 May 2021
    Baleforce and billyiddo like this.
  8. Bedfordspurs

    Bedfordspurs Ralph Coates

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    He is already giving them money
    Hence why they can buy players they can’t afford
     
  9. Finney Is Back

    Finney Is Back Chris Perry

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    Everton are doing it (via owner investment).
    Abramovich shelved his plans after the UK refused to give him residency (after allowing him to go along on his merry way for years).
    Both Liverpool and Man Utd concluded that remodeling their existing grounds is far more cost efficient than a new stadium (as Barcelona and Real Madrid have also done).

    I think what we and Arsenal did was monumental (especially us as our stadium site overlapped our old one). It was just a shame that the costs of the stadium spiraled and forced the club to divert money from football operations.

    Time will tell whether we missed out on an opportunity to become one of the truly big clubs or that opportunity will present itself again. I hope it is the latter.
     
    MKSpur likes this.
  10. DubSpur

    DubSpur Ramon Vega

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    To become one of the truly big clubs the only thing that matters is money and that is where the stadium comes in.
     
    parklane1, billyiddo and Baleforce like this.
  11. Finney Is Back

    Finney Is Back Chris Perry

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    He’s handed over £350m already.
     
  12. Baleforce

    Baleforce Jack L. Jones

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    full steam ahead then, good for them
     
  13. Finney Is Back

    Finney Is Back Chris Perry

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    It will be interesting to see how much their stadium ends up costing (as it is close to an identikit copy of ours without the sliding pitch).
     
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  14. Bedfordspurs

    Bedfordspurs Ralph Coates

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    Everton were borrowing money from the local council who then we caught up in a fraud case
    So don’t have funding currently (according my friends at Laings who are their construction partner)
    But it’s expected that Usmanov will bank roll it
     
  15. Finney Is Back

    Finney Is Back Chris Perry

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    It is Farhad Moshiri who is injecting funds into Everton. He sold his Arsenal stake to Usmanov to bankroll his Everton purchase.
     
  16. Gazza

    Gazza Chris Armstrong

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    I thought that it was Usmanov who sold shares and trasnferred money to Moshiri to invest in Everton not being able to invest in two clubs ...shady.
     
    Bedfordspurs likes this.
  17. Bedfordspurs

    Bedfordspurs Ralph Coates

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    Nah it’s Usmanov
    I know some people close to the club
    Mosh iron is only worth £1.5b
    Usmanov is his mate as he helped him create his wealth
    Evertons training ground is sponsored by Usmanovs business

    https://www.google.co.uk/amp/s/roya...ment-usm-holdings-finch-farm-fratelli-beretta
     
  18. Baleforce

    Baleforce Jack L. Jones

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    so it's more of a City model than front loading the outside sponsorship?
     
  19. Bedfordspurs

    Bedfordspurs Ralph Coates

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    It’s a hidden owner bank rolling it
    It’s odd that it hasn’t been more public
     
  20. Finney Is Back

    Finney Is Back Chris Perry

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    No, Moshiri sold to Usmanov, who sold to Kroenke.

    Though Usmanov does own 48% of USM (in which Moshiri is a junior shareholder) and USM have sponsored Everton’s training ground to the tune of £6m a year (basically getting around FFP).
     

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