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Financial Results
- Thread starter Jordinho
- Start date
Everything is up for sale if the price is right, that's different from being actively looking for a sale.
So if EBITDA was £112m, and we made a £50m loss - that’s a net -£162m in depreciation, amortisation, player trading, interest and taxation.
We sold KWP for £12m, so that leaves -£174m in depreciation, amortisation, interest and taxation.
Last year amortisation was -£74m, depreciation was -£72m (mostly the stadium I believe), and interest was -£37m > £183m in total, which is pretty close to £174m.
Edit: So I think it’s mostly the stadium depreciation and interest that’s causing the loss.
We sold KWP for £12m, so that leaves -£174m in depreciation, amortisation, interest and taxation.
Last year amortisation was -£74m, depreciation was -£72m (mostly the stadium I believe), and interest was -£37m > £183m in total, which is pretty close to £174m.
Edit: So I think it’s mostly the stadium depreciation and interest that’s causing the loss.
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AjaxDeSuperYids
Drama queen
How do we prevent a repeat of these losses in future years as they are not sustainable if they keep happening obviously.
Bullet
Andy Thompson
Did you not wade through this pdf? https://www.tottenhamhotspur.com/media/4hodwa2a/tottenham-hotspur-limited-300622-signed.pdf
There are pages upon pages of explanation and detail.
Bullet
Andy Thompson
By selling players for money, obviously
AjaxDeSuperYids
Drama queen
And how does that tally with building a winning team?
It's not cash losses. See the vid i posted. We made an operating profit.
Baleforce
Arthur Rowe
when was the last time we didn’t have a season over .500?
Who are these winning teams that don't sell players for money?
AjaxDeSuperYids
Drama queen
Seems to be a misunderstanding on my part.
Will watch the video later
Will watch the video later
alekaras
The ITK of IDK
Never. We're not a baseball team.
AjaxDeSuperYids
Drama queen
I watched the video and whilst it was interesting I can’t say I learned anything, although that is more down to me no doubt.
It would be good to have a summary (if you time) for accounting dummies like me (I’m sure I am not the only one!) as at the moment I am rather confused as to what kind of health we are in financially. No doubt a good one but personally I like to understand the intricacies.
Would be great to know how we compare with our rivals too.
ricky2tricky4city
Steffen Freund
How can you understand the intricacies if you don't understand finance?
Swissramble should do a breakdown on monday. Will post that then.
Grays_1890
Chris Jones
You get rid of those that are not good enough for as much money as you can to recoup the "loss"
That's why when some fans say "ohh why can't we just get rid for nothing" or similar, they are talking out their arse
There are obviously times to cut your losses but ultimately you have to balance by getting as much money back on the fringe as you can whilst reinvesting on better
Sent from my SM-A127F using Fapatalk
Gazza Dazzla
Chris Perry
https://swissramble.substack.com/p/tottenham-hotspur-finances-202122
Other income (the non footballing events) 17m
Sponsorships 12m
Merchandizing 3m
“Commercial Revenue
Tottenham’s commercial revenue rose £32m (21%) from £152m to a club record £184m, driven by sponsorships growing £12m (11%) from £114m to £126m and other income more than doubling from £15m to £32m, while merchandising was also up £3m (13%) from £22m to £25m.
The sponsorship increase was due to new training wear partner Getir (£7.5m a year), a full year of sleeve sponsor Cinch (£10m a year) plus other new partners.
The substantial rise in other income was because the new stadium was open to major revenue-generating events, such as the heavyweight fight between Anthony Joshua and Oleksandr Usyk, the Rugby League Challenge Cup Final and a Rugby Union match between Saracens and Bristol Bears.
The 10-year NFL deal apparently allows Spurs to keep catering income, though not the gate receipts.”
FWIW my question on what made up the increase in commercial rev is answered here:
Other income (the non footballing events) 17m
Sponsorships 12m
Merchandizing 3m
“Commercial Revenue
Tottenham’s commercial revenue rose £32m (21%) from £152m to a club record £184m, driven by sponsorships growing £12m (11%) from £114m to £126m and other income more than doubling from £15m to £32m, while merchandising was also up £3m (13%) from £22m to £25m.
The sponsorship increase was due to new training wear partner Getir (£7.5m a year), a full year of sleeve sponsor Cinch (£10m a year) plus other new partners.
The substantial rise in other income was because the new stadium was open to major revenue-generating events, such as the heavyweight fight between Anthony Joshua and Oleksandr Usyk, the Rugby League Challenge Cup Final and a Rugby Union match between Saracens and Bristol Bears.
The 10-year NFL deal apparently allows Spurs to keep catering income, though not the gate receipts.”
Ka-ching. The whole point of american sports is to sell food, drinks, merchandise and ad space. With NFL matches lasting hours, everyone present will have to eat at some point.