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ENIC
- Thread starter mattls
- Start date
Finney Is Back
Colin Calderwood
He can…. But he won’t (partly because nobody would pay him anywhere near what he pays himself at Spurs)
I believe that does include all staff yes. I have seen some numbers elsewhere (sorry I can't remember where) that include the mens squad and coaching staff only.
Glenda's Legs
Cecil Poynton
Well he could. But ENIC (not just Levy) clearly have parameters and a strategy as to how the business should operate. So why would they hire a CEO who does not adhere to that strategy? I guess there might be some leeway to do things a bit differently but I don’t believe a new CEO or Chairman would change the operating model that significantly whilst working for ENIC.
glorygloryeze
Tom Huddlestone
Yeah, and it mostly seems footballing success is an after-thought, a by-the-by, or even a bonus if you will
glorygloryeze
Tom Huddlestone
From Jonathan Wilson in the Guardian today:
“But even if players are added – and given Spurs’ wages-to-turnover ratio is a Premier League low 47%, there must be plenty of PSR wriggle room – it will be hard to avoid the conclusion that they should have been signed in the summer. Whatever the shortcomings of Postecoglou – at least some of which can be explained by the way the relentlessness of the Premier League addles minds as form goes awry – the ongoing pattern is the result of a club trying to do things on the cheap. It feels absurd now that they were one of the six English clubs involved in the Super League project: they currently lie 15th, undone by a chronic failure of ambition.”
www.theguardian.com
Ouch!
“But even if players are added – and given Spurs’ wages-to-turnover ratio is a Premier League low 47%, there must be plenty of PSR wriggle room – it will be hard to avoid the conclusion that they should have been signed in the summer. Whatever the shortcomings of Postecoglou – at least some of which can be explained by the way the relentlessness of the Premier League addles minds as form goes awry – the ongoing pattern is the result of a club trying to do things on the cheap. It feels absurd now that they were one of the six English clubs involved in the Super League project: they currently lie 15th, undone by a chronic failure of ambition.”
A chronic lack of ambition has laid waste to Tottenham | Jonathan Wilson
Ange Postecoglou has serious shortcomings as Spurs manager. But he has hardly been helped by a team trying to do things on the cheap
Ouch!
For the wages my understanding is that we pay some of the best bonuses in the league which are obviously variable. I assume the figures being quoted are for fixed salaries - we could easily spend another 30-50% paying out bonuses depending on performance which won't be taken into account. Yes same for other clubs but they might only pay 5-10%.
Muttley
Allan Nielsen
Let me do a simple calculation, without looking at facts
If our turnover was half a billion pounds then our wages are £210m (=42%)
If our turnover was £70m less than £500m (=430m) because that is excluding the fee to service the stadium debt then our ration is 49%.
When we sign something like 12 new player contracts in the next 18 months, I reckon that 49% will turn into something like 60%.
All guesswork.
Bullet
Colin Calderwood
The stadium debt interest isn't £70m and why / where / how do you get 12 new player contracts?Let me do a simple calculation, without looking at facts
If our turnover was half a billion pounds then our wages are £210m (=42%)
If our turnover was £70m less than £500m (=430m) because that is excluding the fee to service the stadium debt then our ration is 49%.
When we sign something like 12 new player contracts in the next 18 months, I reckon that 49% will turn into something like 60%.
All guesswork.
Muttley
Allan Nielsen
Yeah, pretty sure we carry a £70m charge per year. I thought it was lower but was corrected by others before.
As for the 12 new contracts, that's a combo of new signings, academy promotions and protecting our best assets with newer contracts with more favourable terms, and salary is always the sweetener. It's not so far fetched when you think about it, but can easily raise that wage bill.
I'm not worried about salaries. We've gone for younger players and ripped a load out. It will organically grow again.
SpiderSpurs
Gordon Durie
Bedfordspurs
Terry Naylor
The charge is the write off for tax purposes as part of the capital depreciation I believe (sure someone will correct me)
The interest was about £26m IIRC
But that’s just interest
Bedfordspurs
Terry Naylor
No the figure quoted as a percentage is what we actually paid out in out accounts
And we employ more staff than most clubs because of the infrastructure
What we don’t know is what any specific person gets paid exec per directors who salaries are published
Bedfordspurs
Terry Naylor
Yep
But that’s table is disingenuous because it doesn’t also include the actual spend
Milan turnover is over £100m less than ours is their salaries are lower even though the ratio is higher
