Be interesting for someone to look through the accounts and explain why we're so close to the threshold. I expect the stadium debt is something we have to cope with that other clubs don't. But the point about us not paying top wages isn't total gonads. It's very relevant if you're asking why we don't attract top players.
You look at the percentage of revenue that we spend on wages. It is the lowest in the league and has been for many, many years bar one I think. So we spend less of our revenue on wages than any other club in percentage terms. When you factor in that clubs like Liverpool, United and City always generate more revenue than us in absolute terms and spend a higher % of it on wages than us (and Woolwich and Chelsea usually do the same), we're lagging a long way behind.
If we have little headroom from a PSR point of view, that means that there is some sort of expense that we have that others don't which is restricting our ability to pay higher wages.
We are in most cases in a better place than others in terms of headroom for PSR
But said it before, because you can spend money (rules wise), doesn't mean you have the money to spend.
So much of this thread has got back to rehash without acknowledgement of reality
- Club hasn't backed manager, club spent £280M in less than 18 months
- Club hasn't improved first team with this manager, Vic, Udogie, VDV, Gray, Maddison, Johnson, Solanke all first 11
- Club didn't buy or pay more? With what money, the financials are available, what cash is the club sitting on that they haven't used?
- No good manager will come here, really, you offer Iriola 8X his current salary in a 3 year contract and he will say no?
- The manager is part of the team that made decisions about building now vs future, some of those choices are on him as well
- Lots of fun conversations about Levy using others as shield, fact is Levy has been the shield for Lewis/ENIC for the full.time, his personal wealth is nowhere near what is needed to improve Spurs
- Fans are against owners not manager, I was there for Nuno, if we get smashed by Wolves or Saudi Sportswashing Machine, nobody will be fudging singing Ange's name
There are multiple things at play here, and all can be part /true at same time
- Club operates in a self funded model, the revenue stream has/continues to improve and that allows us to spend more, enough that we will always be ahead of all but 5 or so clubs in league. You can discuss if this will ever get us success but our power to change it is limited (no you can't fire Levy or force a sale)
- Injuries have affected how the squad/window is perceived, Wilson, VDV, Richi, being fit would have made a difference.
- The manager is underperforming, the club hasn't had this low a position, losses or points at this point of season since the Ramos season, ~16 years ago. Results for full calendar year have been bad.
I give all.managers a chance, I was more willing than most with Nuno, but I don't see Anger surviving the month of January, his inability to adjust, grind through this period will probably cost him.
What will be interesting is the actions (not people's biases) the club takes from here
- Will the club give Ange until end of season? If we do, its a change in policy
- Will club back Ange in Jan window? To what extent, how quickly and what type of players?
- If the club does fire him, is there someone lined up? Big reflection on Munn/Lange
Its wait and see mode now