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Welcome Ange: To Dare is to Didgeridoo

You should be delighted if someone wants your talent as it means you have done something right
Indeed. Over the course of my career I have stayed in several roles after my existing employer bettered an offer I’d had from another company who had headhunted me.
 
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Indeed. Over the course of my career I have stayed in several roles after my existing employer bettered an offer I’d had from another company.
I’ve done that
And tbh i have also regretted it because it wasn’t just money that made me consider leaving
I’m ok gardening leave now from a job where I was arguably too honest. But I’m 48 and way past caring about not doing the right thing. Already had a panicked phone call today from a country director asking for help
Companies and clubs will do what they think is right but also what covers someone elses arse
Chairman sack managers they don’t back
CEOs get rid of directors to change direction.. then recruit people to do their job with a different title
That is part of working life
 
So PSR is calculated over a 3 year period. During the 2019/20 season and 2020/21 season we recorded significant deficits due to having to maintain the stadium without fan or concert etc revenue during Covid and trying to finance a competitive squad. These losses only dropped off the calculation in 2023/2024, so we've only got to a point last season where we're not having to offset past seasonal losses with current trading activity.

Also as others have alluded to, transfer debt...when you make poor transfer decisions it really kills you under PSR. The summer we ploughed £130m into N'Dombele, Lo Celso, Sessegnon and Clark killed us on PSR as we have had to effectively write all those players off ams wait for their values to amortise as nobody would pay what we needed to take them off us. Again it's only last season that disaster of a summer rolled off the books financially
Were our losses any worse in those years than the other big clubs? United, as far as I know lost a hell of a lot more than us IIRC.

On the transfers, we have to take a 130m hit over the 5 years years those lads were signed for. So about 26m a season against revenue of 400m-550m. Something still not adding up here.
 
I’ve done that
And tbh i have also regretted it because it wasn’t just money that made me consider leaving
I’m ok gardening leave now from a job where I was arguably too honest. But I’m 48 and way past caring about not doing the right thing. Already had a panicked phone call today from a country director asking for help
Companies and clubs will do what they think is right but also what covers someone elses arse
Chairman sack managers they don’t back
CEOs get rid of directors to change direction.. then recruit people to do their job with a different title
That is part of working life

Exactly, jobs are like fudging ex'es, never go back. If I'm leaving, I'm leaving.

Sometimes change is needed for changes sake, and when you take over in a senior position, you either need to get people who are there to buy into your vision or you change them for your people (2nd one is easier)
 
Were our losses any worse in those years than the other big clubs? United, as far as I know lost a hell of a lot more than us IIRC.

On the transfers, we have to take a 130m hit over the 5 years years those lads were signed for. So about 26m a season against revenue of 400m-550m. Something still not adding up here.

This was PSR position in March of 2024

PSR424.JPG

More specifics on Spurs

The only Premier League club to have posted a profit over three years, albeit a small one of £5 million. The club have invested £422.1 million in the playing squad since January 2022 with the likes of Rodrigo Bentancur (£17.1 million), Richarlison (£60 million), Yves Bissouma (£25 million), Cristian Romero (£45 million), James Maddison (£40 million) and Brennan Johnson (£47.5 million) have all arrived at the club in that time. Over the same period, the club received £154.6 million in outgoing transfer fees.

Hard to see even a 130M hit hurting us significantly as it's over 3 year period. And to your point, certainly no one doing better.
 
Were our losses any worse in those years than the other big clubs? United, as far as I know lost a hell of a lot more than us IIRC.

On the transfers, we have to take a 130m hit over the 5 years years those lads were signed for. So about 26m a season against revenue of 400m-550m. Something still not adding up here.
I don't know about the other clubs, I'm talking about Spurs. I'm talking about the point of "Levy won't pay big wages" when 1) we do pay big wages and 2) we pay pretty much the maximum we can pay and therefore if you go get a new owner tomorrow the wage bill isn't going to go up much, albeit we have given ourselves far more headroom than we had previously due to the squad restructure towards a younger up and coming profile on lower wages with more club trained and home grown players.
 
Ange clearly didn't rate PEH first thing he done was remove him as a starting player - which I agree with.
If he didn't rate him he wouldn't have used him, we've seen that enough both this season and last to know who he rates and doesn't. He was consistently used for the last half hour of games to close games out, he didn't utilise players like that who he didn't trust. He also did start some games, and the fact he was always fit and available was a skill as we are seeing right now and something that would have been useful for a player of his experience....
 
I don't know about the other clubs, I'm talking about Spurs. I'm talking about the point of "Levy won't pay big wages" when 1) we do pay big wages and 2) we pay pretty much the maximum we can pay and therefore if you go get a new owner tomorrow the wage bill isn't going to go up much, albeit we have given ourselves far more headroom than we had previously due to the squad restructure towards a younger up and coming profile on lower wages with more club trained and home grown players.
The table @Raziel had posted above seems to show we are in the healthiest position in the league from a PSR perspective so we aren’t restricted on increasing our wage bill.

We pay decent wages but we pay the lowest percentage of our revenue in wages in the league. That’s a fact and has been for many years (bar one year IIRC when we were second lowest). That is what limits us from signing top players. It’s why we don’t get people like VVD, Rice or Haaland.

Levy has a clear strategy of keeping that ratio low (as he always has) and signing young players with potential who won’t demand big money and will have high resale value.
 
This was PSR position in March of 2024

View attachment 18326

More specifics on Spurs

The only Premier League club to have posted a profit over three years, albeit a small one of £5 million. The club have invested £422.1 million in the playing squad since January 2022 with the likes of Rodrigo Bentancur (£17.1 million), Richarlison (£60 million), Yves Bissouma (£25 million), Cristian Romero (£45 million), James Maddison (£40 million) and Brennan Johnson (£47.5 million) have all arrived at the club in that time. Over the same period, the club received £154.6 million in outgoing transfer fees.

Hard to see even a 130M hit hurting us significantly as it's over 3 year period. And to your point, certainly no one doing better.

Which is great - but we started quite a bit behind the clubs who win things, so we probably need to outspend them significantly for a while to bring ourselves level.
 
Here are the rumoured wages we pay based on something i assume, from 22/23
IMG_0397.jpeg

You may wonder why I’ve selected that season and not the subsequent ones and it’s because we have accounts for that year which showed we paid out £250m in wages
Now I can’t quantify the difference factually but I assume it’s staff costs in top of these numbers such as managers and coaches plus other staff to run the club. If these numbers were true and our accounts are too, we have a running cost of the club in wages of £140m. That’s the number that added to the player wages goes into PSR.

It will be different now of course because players and coaches have come and gone
 
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It's amazing that suddenly, two players that everyone wanted rid of are now, all of a sudden, the two players that would make all the difference for us.... Laughable! Yes, they'd be useful right now, but not because they're brilliant, but just because any semi competent PL player would help us now, because of lack of fit players.
 
It's amazing that suddenly, two players that everyone wanted rid of are now, all of a sudden, the two players that would make all the difference for us.... Laughable! Yes, they'd be useful right now, but not because they're brilliant, but just because any semi competent PL player would help us now, because of lack of fit players.
See my post in the fitness thread
 
It's amazing that suddenly, two players that everyone wanted rid of are now, all of a sudden, the two players that would make all the difference for us.... Laughable! Yes, they'd be useful right now, but not because they're brilliant, but just because any semi competent PL player would help us now, because of lack of fit players.

Which 2 players?

Of all of the departees, the one that we need most right now is Japhet in my mind. I'm so happy to see him playing every week and getting great reviews. Club trained, talented and suited to Ange ball. He had to leave though.
 
It's amazing that suddenly, two players that everyone wanted rid of are now, all of a sudden, the two players that would make all the difference for us.... Laughable! Yes, they'd be useful right now, but not because they're brilliant, but just because any semi competent PL player would help us now, because of lack of fit players.

Not everyone.
 
This was PSR position in March of 2024

View attachment 18326

More specifics on Spurs

The only Premier League club to have posted a profit over three years, albeit a small one of £5 million. The club have invested £422.1 million in the playing squad since January 2022 with the likes of Rodrigo Bentancur (£17.1 million), Richarlison (£60 million), Yves Bissouma (£25 million), Cristian Romero (£45 million), James Maddison (£40 million) and Brennan Johnson (£47.5 million) have all arrived at the club in that time. Over the same period, the club received £154.6 million in outgoing transfer fees.

Hard to see even a 130M hit hurting us significantly as it's over 3 year period. And to your point, certainly no one doing better.
The other point is that infrastructure spend doesn't count towards PSR so the stadium debt doesn't cause us an issue from a PSR point of view.

The reason we don't pay better wages is because we don't want to.
 
If he didn't rate him he wouldn't have used him, we've seen that enough both this season and last to know who he rates and doesn't. He was consistently used for the last half hour of games to close games out, he didn't utilise players like that who he didn't trust. He also did start some games, and the fact he was always fit and available was a skill as we are seeing right now and something that would have been useful for a player of his experience....

If he rated him he wouldn't have moved him on at the end of the day.
 
If he rated him he wouldn't have moved him on at the end of the day.
Pretty sure Ange said he wanted him to stay but Hojberg wanted to leave to be a regular first team player and we got a decent bit of money for him.


Ange made it clear last season who he rated and who he didn't, he had a core of about 14 players he would use from the start/off the bench of which Hojberg was one and the rest were only ever used when we had real injury problems. It's pretty obvious he would have been of benefit this season, especially with Bissouma and Bentancur being wallies at different times this season. But it was a deal which made sense for everyone at the time....
 
The other point is that infrastructure spend doesn't count towards PSR so the stadium debt doesn't cause us an issue from a PSR point of view.

The reason we don't pay better wages is because we don't want to.

My belief is that if you take our (total wagebill) and divide it by (revenue less the annual debt repayment) then the ratio is very comparable to the other clubs.

We service the stadium debt from the P&L and I thought that was now counting in PSR calculations because the project is complete.
 
The other point is that infrastructure spend doesn't count towards PSR so the stadium debt doesn't cause us an issue from a PSR point of view.

The reason we don't pay better wages is because we don't want to.

But it does cause an issue from an available funds POV.

We can’t spend what we don’t have.
 
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