true.
but the longer enic stays with its conservative strategy and the result is always a barely top-4 competitive squad -the longer our history as underachievers and that will impact sponsorships. also fan recruitment globally is really the opportunity to tackle now for future revenues. winning something usually helps a lot in putting spurs on the global map.
on the bright side as the debt gets paid down the more financial room would ther be to invest in players. might take 10- 20 years since its long term debt.
But we are investing in players
We’re investing so much that we actually are now regularly spending more than city and pool
What we haven’t done as well as those two is sell
The other thing that I’m sure that will happen is when we do sell some players….people will complain that we didn’t get enough money for them compared to other teams and sue that as a stick
The club let Doherty go at a cost and spurs fans saw it as negative… that says it all
And on the subject of the debt. The additional events cover the cost of the interest. They will happen continuously. The club will also sign naming rights at some point (someone will jump in and critique again I’m sure). And that would be part of a capital payment contribution every year.
The debt on the ground and other things isn’t hindering investment
What is, is players brought in the past, that we still owe money for, who are brick and not adding anything to the club. That’s what key
Selling some of the dead wood will help bit it’s been difficult as they have flopped so have less value, they are paid really well, and the markets that want them don’t have the money unless it filters down from the prem
So far we haven’t seen all this massive money that some fans think we have end up in levy’s wallet or joes boat. That could happen though so we shouldn’t write off the idea
What we have seen is evidence that the ground and the new income is funding purchases… unfortunately it’s included some crap, expensive ones