Financial Results

ricky2tricky4city · Thursday at 10:53 AM

The number that stands out is we are now on the hook for £441m in fees owed for transfers

ricky2tricky4city · Thursday at 10:55 AM

Bedfordspurs said:
But if they are clear of the issues because of the what they have done already they are fine
It’s a shambles in reality

Yes it resets their position but it depends on their spend rate Vs income going forward.

Plus I'm not sure Uefa are allowing these type of financial gymnastics?

Bedfordspurs · Thursday at 11:08 AM

ricky2tricky4city said:
Yes it resets their position but it depends on their spend rate Vs income going forward.

Plus I'm not sure Uefa are allowing these type of financial gymnastics?

Let’s see
It’s definitely not compliant with European rules.
They will carry on selling and trading with friendly clubs at inflated prices to get away with it

DeanoAustin · Thursday at 12:21 PM

ricky2tricky4city said:
The number that stands out is we are now on the hook for £441m in fees owed for transfers

I'm seeing £375m? £184m due in the next 12 months under current liabilities and £191m due after 12 months under long term liabilities. On the flip side, we've ~£75m to come in for transfers - ~£67m of that in the next year. That's a big hole to plug.

That means £117m net of our revenue in the next 12 months is going out the door on transfers before we do anything else.

We also only have £78m in the bank.

Muttley · Thursday at 12:49 PM

DeanoAustin said:
I'm seeing £375m? £184m due in the next 12 months under current liabilities and £191m due after 12 months under long term liabilities. On the flip side, we've ~£75m to come in for transfers - ~£67m of that in the next year. That's a big hole to plug.

That means £117m net of our revenue in the next 12 months is going out the door on transfers before we do anything else.

We also only have £78m in the bank.

So in laymen's terms do we think this means that, even with the new revenue streams, the rate we've seen net spending in these last 3 or 4 years is not sustainable? I've always felt that needs to be the case as, Kane aside, we haven't really made much from player sales in the last half a decade either.

ricky2tricky4city · Thursday at 1:05 PM

DeanoAustin said:
I'm seeing £375m? £184m due in the next 12 months under current liabilities and £191m due after 12 months under long term liabilities. On the flip side, we've ~£75m to come in for transfers - ~£67m of that in the next year. That's a big hole to plug.

That means £117m net of our revenue in the next 12 months is going out the door on transfers before we do anything else.

We also only have £78m in the bank.

I'm taking that £441m figure from the Keiran Maguire finance sheet on the tweet posted above

ricky2tricky4city · Thursday at 1:15 PM

Muttley said:
So in laymen's terms do we think this means that, even with the new revenue streams, the rate we've seen net spending in these last 3 or 4 years is not sustainable? I've always felt that needs to be the case as, Kane aside, we haven't really made much from player sales in the last half a decade either.

Player sales has been our issue for a while (probably why the Kane deal was so important for us)whether it's buying duds or being relatively unsuccessful means many of our players aren't attractive to a step up club.

The other thing to bare in mind, is being a 'top 6 club' means many contracted players are reluctant to give that up... especially as our wages are higher than most of Europe and 2/3rds of the PL. So how do we shift someone?

That said ...I think we are in a better spot than say 5 years ago...we've unwound many of our squad issues, plus not so many high earners that are easier for buying clubs to match their demands.

DeanoAustin · Thursday at 1:24 PM

Muttley said:
So in laymen's terms do we think this means that, even with the new revenue streams, the rate we've seen net spending in these last 3 or 4 years is not sustainable? I've always felt that needs to be the case as, Kane aside, we haven't really made much from player sales in the last half a decade either.

Would need a good proper look through the accounts but I don't believe it is.

Looking purely at cash, we lost almost £100m in 2024. We now have £78m in the bank. If we had another year like this in 2025, we'd run out of money and I can't imagine we're in a position to borrow much given that we have so much debt already.

While we'll gain some UEFA money in 2025 that we didn't have in 2024, we're gonna lose £25m-£30m in Premier League prize money if we finish around 14th. We also may not have European football next season which will mean a £20m in UEFA prize money that'll be missing in 2026 (based on the UEFA prize money we received in 2021 when we were in the Europa).

We either have to get better on the pitch, start selling to buy or we need outside investment.

Lilbaz · Thursday at 1:32 PM

Bedfordspurs said:
Let’s see
It’s definitely not compliant with European rules.
They will carry on selling and trading with friendly clubs at inflated prices to get away with it

Then they should be done the same as juve, paratici, agnelli etc...
You can't have one rule for them and different for chelsea.

Lilbaz · Thursday at 1:34 PM

DeanoAustin said:
I'm seeing £375m? £184m due in the next 12 months under current liabilities and £191m due after 12 months under long term liabilities. On the flip side, we've ~£75m to come in for transfers - ~£67m of that in the next year. That's a big hole to plug.

That means £117m net of our revenue in the next 12 months is going out the door on transfers before we do anything else.

We also only have £78m in the bank.

Those finances are up till june 30th 2024. The next 12 months is 2 months away.

Bedfordspurs · Thursday at 2:35 PM

Lilbaz said:
Then they should be done the same as juve, paratici, agnelli etc...
You can't have one rule for them and different for chelsea.

Juve got done under Italian law

Bedfordspurs · Thursday at 2:37 PM

ricky2tricky4city said:
Player sales has been our issue for a while (probably why the Kane deal was so important for us)whether it's buying duds or being relatively unsuccessful means many of our players aren't attractive to a step up club.

The other thing to bare in mind, is being a 'top 6 club' means many contracted players are reluctant to give that up... especially as our wages are higher than most of Europe and 2/3rds of the PL. So how do we shift someone?

That said ...I think we are in a better spot than say 5 years ago...we've unwound many of our squad issues, plus not so many high earners that are easier for buying clubs to match their demands.

It’s why we need to sell richy and Bissouma and maybe even Romero on top of players who are on loan like Gil, Hojberg and Veliz
And we owe money on some them too

Lilbaz · Thursday at 2:43 PM

Bedfordspurs said:
Juve got done under Italian law

Uefa and fifa banned them.

metalgear · Thursday at 2:46 PM

Bedfordspurs said:
We need to sell players we don’t need
That’s all
Gil
Veliz
Hojberg
Richarlison
Bissouma
Reggie is leaving on a free
Forster is leaving on a free
We will likely sell a CB … and would be selling drgausin this summer if he was fit
That would bring in a decent income book value wise I assume
And that’s the key for us

amazing we still got those lot when wages $ and as a % of income has fallen from year ago.
i think we can add austin to the list too

DubSpur · Thursday at 2:59 PM

metalgear said:
amazing we still got those lot when wages $ and as a % of income has fallen from year ago.
i think we can add austin to the list too

Because a lot are on loan and big earners have been shifted.

Kandi1977 · Thursday at 7:27 PM

Grays_1890 said:
if Chelsea changed managers and got a decent DOF them too

They change manager pretty much every season. How often do you think they have to change to be in with a shout?

Bullet · Thursday at 7:46 PM

@Finney Is Back has regularly mentioned our debts / loans / bonds / repayment schedule and structure

This guy Gav seems to know his onions

https://twitter.com/x/status/1907170178678571142

https://twitter.com/x/status/1907170185468866570

https://twitter.com/x/status/1907170194251739322

https://twitter.com/x/status/1907170201268891925

https://twitter.com/x/status/1907170208545947990

Bedfordspurs · Thursday at 7:52 PM

Bullet said:
@Finney Is Back has regularly mentioned our debts / loans / bonds / repayment schedule and structure

This guy Gav seems to know his onions

https://twitter.com/x/status/1907170178678571142

https://twitter.com/x/status/1907170185468866570

https://twitter.com/x/status/1907170194251739322

https://twitter.com/x/status/1907170201268891925

https://twitter.com/x/status/1907170208545947990
https://x.com/Spurs_Optimist/status/1907170215995060605
https://x.com/Spurs_Optimist/status/1907170223683198984
https://x.com/Spurs_Optimist/status/1907170231140950384
https://x.com/Spurs_Optimist/status/1907170239516745964
https://x.com/Spurs_Optimist/status/1907170246202466365
https://x.com/Spurs_Optimist/status/1907170253731504425
https://x.com/Spurs_Optimist/status/1907170261842935839
https://x.com/Spurs_Optimist/status/1907170269669859657
https://x.com/Spurs_Optimist/status/1907170277735465329
https://x.com/Spurs_Optimist/status/1907170286505488449
https://x.com/Spurs_Optimist/status/1907170294155911211
https://x.com/Spurs_Optimist/status/1907170301047115856
https://x.com/Spurs_Optimist/status/1907170308580094014
https://x.com/Spurs_Optimist/status/1907170320391283027

Saw that the other day
I don’t think he has the details though. No fan does so it’s conjecture and speculation for some parts at least

Grays_1890 · Thursday at 7:58 PM

Kandi1977 said:
They change manager pretty much every season. How often do you think they have to change to be in with a shout?

I think their manager is a joke.

I also think had they kept Poch they would be much better this season, he was clearly making inroads

Kandi1977 · Thursday at 7:59 PM

Grays_1890 said:
I think their manager is a joke.

I also think had they kept Poch they would be much better this season, he was clearly making inroads

Poch did the right thing and wouldn't work with the setup they wanted. Stuck to his principles.

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