thanks for the education guys
edit: er ok after reading the urban dictionary I have now decided that ignorance is bliss.
Your loss. Where else would you learn about the Alaskan Firedragon and the Alabama Hot Pocket?
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Mauricio Pochettino - Sacked
- Thread starter DubaiSpur
- Start date
Your loss. Where else would you learn about the Alaskan Firedragon and the Alabama Hot Pocket?
Which is an impact that would happen to any club - We are fortunate enough to have a combination of an intelligent chairman and coach to see us through such a potentially difficult period and still enable us to compete. Levy's business/financial nous combined with Poch's ability to develop young talented players is a perfect combination for our current plight.....
parklane1
Tony Galvin
Pretty much my thoughts as well.
alekaras
The ITK of IDK
Exactly
Gutter Boy
Tim Sherwood
I don't think Poch likes the idea of big money signings anyway.
He's authoritarian and plays a high tempo game. Anyone with a hint of an ego wouldn't last very long in the setup.
Son is the only big money signing he's made to date. And he's obviously a particular 'good egg' - someone who will submit to the coach's vision and put the graft in.
The evidence is quite striking if people bothered to look at it:
- 2001-2007 - annual net transfer spend = £20m
- October 2007 - new stadium announced
- 2008-2016 - annual net transfer spend = £0m
That's about £160m which has been redirected to TH Property Ltd.
He's authoritarian and plays a high tempo game. Anyone with a hint of an ego wouldn't last very long in the setup.
Son is the only big money signing he's made to date. And he's obviously a particular 'good egg' - someone who will submit to the coach's vision and put the graft in.
The evidence is quite striking if people bothered to look at it:
- 2001-2007 - annual net transfer spend = £20m
- October 2007 - new stadium announced
- 2008-2016 - annual net transfer spend = £0m
That's about £160m which has been redirected to TH Property Ltd.
Gutter Boy
Tim Sherwood
TH Property is an offshore ENIC company that they've used for purchasing all the land and paying for all the groundwork.
It's just moving money between ENIC companies, but TH Property is Bahamas based, so presumably all the capital spending coming from there is because of tax advantages.
Modric THFC
Jimmy McCormick
£160m?
What you basing that on? 8 x £20m?
Do you really think we have the exact same ingoings and outgoings every year apart from transfer fees?
Look at wages £44m in 2007, up to £100m in 2014. Isn't that where our old transfer money went under Redknapp.
Isn't TH Property Ltd just a tax avoidance company the club owns property around WHL through?
And didn't the last annual report June 2014 say the club had spent £40.9m to that date on the NDP?
Right so where is the proof in the financial reports that we're paying the money you think we're saving, by having a net transfer spend, in to this off shore company?
Hertyid said this: I know for a fact that we don't have free cash flow right now, it's all being reinvested into the NDP.
The Goat said that's wrong.
I do think we are investing as much as we can, when we can though. Putting it away in an offshore account? Nah.
I think it's just another example of Gutterboy confusing what he'd like to be true with reality
You're not taking into account the 2003 £15 million Rights Issue which was specifically designated to be for Glenn Hoddle's transfer kitty. Take that away and ENIC have done little more than just about break even since they arrived in 2001. Some may be disappointed in that. Others may think it's a sign of a well-run club considering the improvement on and off the field during that time.
http://www.footballeconomy.com/archive/archive_2003_jul_05.htm
JerusalemMan
Chris Perry
“I have read some players, like Toby [Alderweireld], have said that at Tottenham now there are ‘no heroes’, that we are all together and our key is to be all together and to feel that,” Pochettino said. “This is an important thing and a message for all of our supporters. I think the energy that we create and the synergy between our supporters and the team, I think that is very important for our future.”
DubaiSpur
Ian Walker
You kno
I do like how he equated us with 'the people', like we're some great, slumbering mass that can rise to revolution and change the course of history. Makes it feel like complaining on a message board is literally this:
..whereas just saying 'the fans kill you' makes it far less invigorating.
I do like how he equated us with 'the people', like we're some great, slumbering mass that can rise to revolution and change the course of history. Makes it feel like complaining on a message board is literally this:
..whereas just saying 'the fans kill you' makes it far less invigorating.
Gazzasrightboot
Pascal Chimbonda
They would have to disclose any payments to TH Property limited and they have.
In 2014, the group invoiced TH property limited for £274,181 (nil in the prior year) for expenses incurred on its behalf. As at 30 June 2014, TH property owed £14,738 was still owed to the group. TH proerty also invoiced the group for £451,253 (nil in the prior year) which has completely been paid by 30 June 2014.
In 2013, TH property limited bought the properties around the stadium for a market price of £27.6m resulting in a profit of £5.6m which was paid and that cash was used to pay off the Bank of Scotland loan .
So:
1. Property was directed to TH property for the sum of £27.6m which was £5.6m more than we paid (there will be a bit of depreciation there on the buildings as land is not depreciated);
2. The cash flow was actually incoming to the club not outgoing so not sure where you get the £160m from @gutterboy;
3. I think this shows that TH property purchased the land from the club. They could have purchased more land around the stadium, but it wouldn't have been from the club (as this would show in the accounts) and nor is it sinister in the slightest. I would imagine that the reason for this is so that when they sell that land, they can avoid paying capital gains tax; and
4. I believe (but don't know for sure) that the property transferred was the buying of the shops and flats around the ground and near vicinity. Point being to probably reduce the possibility of complaints about the development and compulsory purchases but also to monetise some of the ancillary benefits of the stadium development i.e. the rise in property prices.
In 2014, the group invoiced TH property limited for £274,181 (nil in the prior year) for expenses incurred on its behalf. As at 30 June 2014, TH property owed £14,738 was still owed to the group. TH proerty also invoiced the group for £451,253 (nil in the prior year) which has completely been paid by 30 June 2014.
In 2013, TH property limited bought the properties around the stadium for a market price of £27.6m resulting in a profit of £5.6m which was paid and that cash was used to pay off the Bank of Scotland loan .
So:
1. Property was directed to TH property for the sum of £27.6m which was £5.6m more than we paid (there will be a bit of depreciation there on the buildings as land is not depreciated);
2. The cash flow was actually incoming to the club not outgoing so not sure where you get the £160m from @gutterboy;
3. I think this shows that TH property purchased the land from the club. They could have purchased more land around the stadium, but it wouldn't have been from the club (as this would show in the accounts) and nor is it sinister in the slightest. I would imagine that the reason for this is so that when they sell that land, they can avoid paying capital gains tax; and
4. I believe (but don't know for sure) that the property transferred was the buying of the shops and flats around the ground and near vicinity. Point being to probably reduce the possibility of complaints about the development and compulsory purchases but also to monetise some of the ancillary benefits of the stadium development i.e. the rise in property prices.
Gazzasrightboot
Pascal Chimbonda
You might well be right.
Look, steff: I'm sorry, mate. I've kinda realised that my frustration and disappointment spills over into the forum too easily at times, and that's despite my newfound attempts to stay calm and put it in perspective. I've never held anything against those I could hold a reasoned conversation with, and I never will: trust me when I say that I understand why you and the others I enjoy interacting with (most of this forum) can get annoyed with my posting behaviour at times.
I won't be able to change my pessimistic outlook as easily as you suggest: it's odd, because I've mostly been a happy-go-lucky type in areas not involving Spurs, often to my great detriment.
Stay frosty, mate.
You've got nothing to apologise for. Whereas I may not agree with your outlook in this instance, you're perfectly entitled to your opinion. I'd rather you could share my outlook but I'm not going to force you. You support the club that I support. That makes you better than most in my book. Just lay off the hyperbole. Fairy world? Ha!
Rorschach
Ricky Villa
When YOU complain on a message board it's like that. When I do it is more like Les Misérables (with background music and all)You kno
I do like how he equated us with 'the people', like we're some great, slumbering mass that can rise to revolution and change the course of history. Makes it feel like complaining on a message board is literally this:
..whereas just saying 'the fans kill you' makes it far less invigorating.
metalgear
Luka Modric
that poch interview could have been given by levy himself.
its a good sign at the moment, i guess , of alignment at the management level.
once the stadium is built and our cash flow increases, there will be more funds available which would increase player transfer options. levy is likely to up the ante, and hopefully will be able to keep the management alignment as we grow.
its a good sign at the moment, i guess , of alignment at the management level.
once the stadium is built and our cash flow increases, there will be more funds available which would increase player transfer options. levy is likely to up the ante, and hopefully will be able to keep the management alignment as we grow.