And, we’re off.......2018/2019

[Deleted member 15344]

https://www.independent.co.uk/sport...ing-debt-vs-manchester-city-a8608226.html?amp

Is going into that much debt really going to be worth it in the end for Spurs ?

They will end up with stadium that’s nice a shiny but unable to buy players of quality because they are too busy servicing the debt .

It seems to me that Spurs have jumped ahead far too quickly -I can understand that they think the stadium will hopefully bring in funds to help build a squad but going to spend most of those funds clearing the debt. Can see the stadium being a bit of a white elephant

 

[Orikoru]

https://www.independent.co.uk/sport...ing-debt-vs-manchester-city-a8608226.html?amp

Is going into that much debt really going to be worth it in the end for Spurs ?

They will end up with stadium that’s nice a shiny but unable to buy players of quality because they are too busy servicing the debt .

It seems to me that Spurs have jumped ahead far too quickly -I can understand that they think the stadium will hopefully bring in funds to help build a squad but going to spend most of those funds clearing the debt. Can see the stadium being a bit of a white elephant

Every club goes through this when electing to build a new stadium. See Arsenal a few years ago. We can't all have one just handed to us like West Ham.

The more pressing obstacle to overcome will be who to bring in as manager when Poch goes to Real though.

 

[Deleted member 1418]

Interesting times for Spurs. Man City, Liverpool, Chelsea all have better squads IMHO. So that leaves them battling out with Arsenal (doing very at the moment under Dick Emery) and Man Utd for the 4th CL spot at this early stage in the season (I believe Man U will start to pick up a load of points).

Add to that the rumours that will now increase about Poch to Real, and injury to Eriksen (who is a fantastic player and makes them tick) they could be in a bit of trouble if they drop points between now and Christmas and the others keep up their good form.

 

[Deleted member 15344]

Every club goes through this when electing to build a new stadium. See Arsenal a few years ago. We can't all have one just handed to us like West Ham.

The more pressing obstacle to overcome will be who to bring in as manager when Poch goes to Real though.

Arsenal had success on the field before going ahead to build the stadium - they used regularly CL money and Prem money to help build it plus the sale of Highbury etc - Spurs seem to be just borrowing the lot and any future earnings piled straight into the debt , they have not have any success on the field yet and now with the money not really going to be spent on the field are they going to have any whilst trying to service the debt ?

 

[Dan2501]

Oh jesus, just looked at the cost of Spurs new stadium and they're now saying it's worth £637m - up 59% from the initial £400m figure agreed with Merrill Lynch, HSBC and Goldman Sachs. Mental amount of money. Net debt also looks set to be upto £600m. Better hope they maintain the level of performance they've managed the last few years, and stay in the CL or it could be a slippery slope.

 

[Piece]

Kane to Real for £150m should help

 

[Orikoru]

Arsenal had success on the field before going ahead to build the stadium - they used regularly CL money and Prem money to help build it plus the sale of Highbury etc - Spurs seem to be just borrowing the lot and any future earnings piled straight into the debt , they have not have any success on the field yet and now with the money not really going to be spent on the field are they going to have any whilst trying to service the debt ?

I don't think "success in the field" is a primary factor in building a stadium. We were obviously in sound financial condition, plus demand was outweighing the capacity of the old stadium, so that would be why they decided to start work on a new one. Arsenal went from title contender to top four contender when they built theirs, and they still haven't recovered to what they were before. Perhaps we will drop back to being a Europa contender rather than top 4 contender - but the stadium won't be the only factor. It will also be due to the manager and key players moving on and being difficult to replace (and they would be difficult to replace irrespective of the new stadium).

 

[Deleted member 15344]

I don't think "success in the field" is a primary factor in building a stadium. We were obviously in sound financial condition, plus demand was outweighing the capacity of the old stadium, so that would be why they decided to start work on a new one. Arsenal went from title contender to top four contender when they built theirs, and they still haven't recovered to what they were before. Perhaps we will drop back to being a Europa contender rather than top 4 contender - but the stadium won't be the only factor. It will also be due to the manager and key players moving on and being difficult to replace (and they would be difficult to replace irrespective of the new stadium).

A club in “sound financial condition” is now running up reported £600mil debt - and having to whore out the stadium to help pay for it - maybe that sound financial condition isn’t so sound ?

And the demand will suddenly wain away when the club aren’t competing in the CL regularly, teams playing in the Europa don’t fill the stands - look at Arsenal empty stands and it’s happen more often over the years. It’s possible that Spurs have had a little flirt with the top level - trying to grab that financial gravy train but it’s already starting to shoot themselves in the foot

As my mate a Spurs fan said

Spurs are the only club to advertise that the new stadium is the only place to watch CL in London this year and then get knocked out before moving into the stadium

 

[Orikoru]

A club in “sound financial condition” is now running up reported £600mil debt - and having to whore out the stadium to help pay for it - maybe that sound financial condition isn’t so sound ?

And the demand will suddenly wain away when the club aren’t competing in the CL regularly, teams playing in the Europa don’t fill the stands - look at Arsenal empty stands and it’s happen more often over the years. It’s possible that Spurs have had a little flirt with the top level - trying to grab that financial gravy train but it’s already starting to shoot themselves in the foot

As my mate a Spurs fan said

Spurs are the only club to advertise that the new stadium is the only place to watch CL in London this year and then get knocked out before moving into the stadium

Well it's run over budget obviously. I said we were in solid financial condition when they decided to build it, or they wouldn't have decided to build it would they? Use some common sense.

Demand won't 'wain away' we were selling out White Hart Lane long before we got Champion's League football.

 

[Deleted member 15344]

Well it's run over budget obviously. I said we were in solid financial condition when they decided to build it, or they wouldn't have decided to build it would they? Use some common sense.


Demand won't 'wain away' we were selling out White Hart Lane long before we got Champion's League football.

White Hart Lane Capacity was 36 thousand and it wasn’t always sold out when playing all the games - the new stadium is considerably more than that and you only have to see what’s happened with Arsenal - if the club isn’t playing CL and the big players leave then that “demand” will wain - Spurs are not going to sell out 60-70 thousand to watch Europa League football - Arsenal are a bigger more successful club and they struggled with the move , why will it be different with Spurs when they haven’t had any success. Going to have a lovely shiny stadium with loads of debt and packed out stands for NFL ( until Khan finally buys Wembley) .

Spurs have taken a massive financial risk building a brand new stadium from scratch trying to get it done as quick as possible - but costs are rising , the delays are increasing , and as each week goes by more money drains away as they have to pay to use another stadium.

Spurs have had a couple of decent years around the top 4 but seem to have stagnated on the pitch which the lack of funds to improve the squad because a new stadium is financially crippling them.

 

[Tashyboy]

Every club goes through this when electing to build a new stadium. See Arsenal a few years ago. We can't all have one just handed to us like West Ham.

The more pressing obstacle to overcome will be who to bring in as manager when Poch goes to Real though.

We didnt go through it. 😁. Read a good piece on wikipedia about Citys stadium. It was a very good read. 👍

 

[Papas1982]

White Hart Lane Capacity was 36 thousand and it wasn’t always sold out when playing all the games - the new stadium is considerably more than that and you only have to see what’s happened with Arsenal - if the club isn’t playing CL and the big players leave then that “demand” will wain - Spurs are not going to sell out 60-70 thousand to watch Europa League football - Arsenal are a bigger more successful club and they struggled with the move , why will it be different with Spurs when they haven’t had any success. Going to have a lovely shiny stadium with loads of debt and packed out stands for NFL ( until Khan finally buys Wembley) .

Spurs have taken a massive financial risk building a brand new stadium from scratch trying to get it done as quick as possible - but costs are rising , the delays are increasing , and as each week goes by more money drains away as they have to pay to use another stadium.

Spurs have had a couple of decent years around the top 4 but seem to have stagnated on the pitch which the lack of funds to improve the squad because a new stadium is financially crippling them.

I saw Neville and Carra debating yesterday. Didn't they say that Spurs have currently got more points this season than in the previous 3/4 years?

 

[Tashyboy]

Anyone seen the clip going around about Geoff shreeves bigging up Spurs on Sky sports news. He finishes by saying “are Spurs at the peak of there success”. Paul Merson says quick as a flash. “What success”. Pure comedy

 

[Deleted member 15344]

We didnt go through it. 😁. Read a good piece on wikipedia about Citys stadium. It was a very good read. 👍

😂😂😂😂😂

City lease the stadium - they don’t own it. City didn’t have to go through anything just give Manchester Council a bit of money.

 

[Orikoru]

Well by this logic nobody except the top 2 or 3 teams in the country should ever aspire to have a new stadium. Our old one was held up with pillars on one side for God's sake. Any new development is a financial risk. Not continuing this pointless discussion.

 

[Deleted member 15344]

I saw Neville and Carra debating yesterday. Didn't they say that Spurs have currently got more points this season than in the previous 3/4 years?

They have 1 more point that this time last season in the League but have lost 1 more game , in the CL they have gone backwards to the point this time last year in the stronger group they were Top and nearing qualification- right now they are nearer exit

 

[Tashyboy]

😂😂😂😂😂

City lease the stadium - they don’t own it. City didn’t have to go through anything just give Manchester Council a bit of money.

😂😂😂😂😂

City lease the stadium - they don’t own it. City didn’t have to go through anything just give Manchester Council a bit of money.

My point is. On the back of that wr rent a council house, and it wirks very well for all concerned. City do struggke to fill there ground but they went from an average of 30k in the last years at maine rd. to a 47k stadium. Which they filled to a 56k stadium. Which they fill occasionally. Think City are knocking about the 54k mark on average. They have talked about extending the other end which would talke it to the 64k mark. But why they wouldnt fill it, and i cannot see spurs doung it at there ground either. For Xmas a couple if years ago. Missis T got me some plans of Citys ground at Maine rd. they were planning to extend it before the council approached City about using the COMS after the commonwealth games.

 

[Tashyboy]

Well by this logic nobody except the top 2 or 3 teams in the country should ever aspire to have a new stadium. Our old one was held up with pillars on one side for God's sake. Any new development is a financial risk. Not continuing this pointless discussion.

Unfortunately Ori. If your not a fan of the original big four. You are an unwanted trespasser. You are There either because you are using stolen money, blood money, oil Money or the banks money. 👍😉

 

[Papas1982]

They have 1 more point that this time last season in the League but have lost 1 more game , in the CL they have gone backwards to the point this time last year in the stronger group they were Top and nearing qualification- right now they are nearer exit

I know europe has been a let down, but they, like arsenal in the past need top 4 now. Progress in Europe is largely irrelevant as long as they get there.

I agree with the sentiment that without investment they will struggle, but i think them being ambitious was a good thing. They are trying to unsettle the top clubs the right way.

 

[Dan2501]

Probably cost City £55m to move into the Etihad and redesign it to it's current state. They did also spend £200m on the initial training facility at the Etihad Campus with that spending continuing. Not anything close to the level of Spurs' spending, but still a significant outlay, though imagine City haven't taken on any debt due to the ownership. For clubs to grow they need to do these things.

I think it's a big risk for Spurs but fair play to them for doing it. For a club like them to get to the next level they probably do need move to a more modern stadium. The initial outlay may be a significant spend and addition of debt, but the reduced running costs and potential revenue boost could end up becoming more than worthwhile over time. Spurs fans just need to hope the club haven't hamstrung themselves too much financially and can not only have the funds available to improve the squad but also the necessary finances and on-pitch performance to keep their star players.