| Spurs Never Learn 11:43 - Aug 31 with 1397 views | SaintNick |
£1.2 billion in debt, yet still throwing the money around a net spent of around £30 million so far and about to spent another £26 million on a defender from Barcelona who according to the press reports doesn't want to go.
Barcelona seem to be cutting their cloth, Spurs seem to be going for bust |  |
| Satisfying The Bloodlust Of The Masses In Peacetime |
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| Spurs Never Learn on 11:48 - Aug 31 with 1383 views | dirk_doone |
I wish we could never learn like that. They have a massive, new, billion pound stadium and they are top of the league. They are buying the players they want now at fair prices and delaying the sale of Kane until January, when they will get even more for him and more than cover the costs of any players they buy in this transfer window. That's the sensible way to do it.
Real Madrid have had massive debts for decades. It's how they've won so many trophies.
Most of the wealth in the world is just borrowed money. The UK general government debt was £2,224.5 billion at the end of financial year ending March 2021, equivalent to 106.0% of gross domestic product. Yet they're still borrowing more money. Does that mean they never learn?
The most successful clubs in the world are the ones with the biggest debts. Spurs are only temporarily top of the list at £970 million because they've just built their new stadium, which cost more than that and is now worth even more. Clubs whose main aim is to break even are just small businesses, not successful football clubs:
https://sqaf.club/football-clu [Post edited 31 Aug 2021 12:52]
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| Spurs Never Learn on 12:51 - Aug 31 with 1254 views | Chesham_Saint |
| Spurs Never Learn on 11:48 - Aug 31 by dirk_doone |
I wish we could never learn like that. They have a massive, new, billion pound stadium and they are top of the league. They are buying the players they want now at fair prices and delaying the sale of Kane until January, when they will get even more for him and more than cover the costs of any players they buy in this transfer window. That's the sensible way to do it.
Real Madrid have had massive debts for decades. It's how they've won so many trophies.
Most of the wealth in the world is just borrowed money. The UK general government debt was £2,224.5 billion at the end of financial year ending March 2021, equivalent to 106.0% of gross domestic product. Yet they're still borrowing more money. Does that mean they never learn?
The most successful clubs in the world are the ones with the biggest debts. Spurs are only temporarily top of the list at £970 million because they've just built their new stadium, which cost more than that and is now worth even more. Clubs whose main aim is to break even are just small businesses, not successful football clubs:
https://sqaf.club/football-clu [Post edited 31 Aug 2021 12:52]
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Spurs' stadium is worth even more? To whom? Who the fvck else other than Tottenham would want to play in stadium of that size in that shitty and inaccessible part of London FFS?
Surely it's is only of value (other than its footprint) as a football ground for ONE club and one club only. Hopefully the NLY go into an Arsenal style decline and the Revenue have to step in.
Now, wouldn't that be fun? |  |
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| Spurs Never Learn on 13:01 - Aug 31 with 1224 views | SaintNick |
| Spurs Never Learn on 11:48 - Aug 31 by dirk_doone |
I wish we could never learn like that. They have a massive, new, billion pound stadium and they are top of the league. They are buying the players they want now at fair prices and delaying the sale of Kane until January, when they will get even more for him and more than cover the costs of any players they buy in this transfer window. That's the sensible way to do it.
Real Madrid have had massive debts for decades. It's how they've won so many trophies.
Most of the wealth in the world is just borrowed money. The UK general government debt was £2,224.5 billion at the end of financial year ending March 2021, equivalent to 106.0% of gross domestic product. Yet they're still borrowing more money. Does that mean they never learn?
The most successful clubs in the world are the ones with the biggest debts. Spurs are only temporarily top of the list at £970 million because they've just built their new stadium, which cost more than that and is now worth even more. Clubs whose main aim is to break even are just small businesses, not successful football clubs:
https://sqaf.club/football-clu [Post edited 31 Aug 2021 12:52]
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So you would advocate Saints spending way above their means in order to achieve glory, whilst i can see the benefits of selling Kane in January, there is no guarantee that they will find a buyer at a higher price, or for that matter at all, their debts were £970 million before the pandemic and have risen to around £1.2 since.
The problem for Spurs is that there are at least 4 clubs in the Premier League spending more than them and unlike them have the sustainable income through either commercial income or a high roller owner to keep them doing it year in year out.
Spurs are now up to their limit and the problem is those four clubs are likely to finish above them and deny them access to the Champions League money, so they dont have a realistic business plan, but are reliant on one of the big four f***ing up.
The most successful clubs in the world arent always in debt, Liverpool were £258 million in debt after a borrowing facility of £197 was set up for them in the year up to May 2020, but since then they have repaid most of it as they had left £90 million in the bank before the loan and when football restarted they were able to repay chunks.
Real Madrid and Barcelona are in big trouble.
Governments are not football clubs that is a more example, I'm not sure how you work out the stadium is worth even more, at the end of the day it has only one main use and that is as Tottenham Hotspur's stadium, that is how most of their revenue is derived, if Spurs go bust the ground's value will drop significantly as without a Premier League football club filling it around 30 times a year income cannot sustain the loans on it
In football most clubs aim to break even, only a few truly massive clubs (Spurs arent one of those) can take on and service big debt, even those that do usually come a cropper, look at Newcastle & Leeds who tried to win the title and spent big doing it and nearly went bust, even Liverpool.
Most clubs these days realise that there is little to be gained in borrowing and spending big, you just cant even guarantee a top 7 place as Everton found. | |
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| Spurs Never Learn on 13:04 - Aug 31 with 1215 views | PatfromPoole |
Their owner Joe Lewis is utterly minted though. |  |
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| Spurs Never Learn on 13:33 - Aug 31 with 1158 views | SonicBoom |
Real Madrid and Barcelona in real trouble? Really? Both will still be there in 5 years. Look at Rangers in Scotland. They went bust plummeted down the league but now they are back at the top. |  | | |
| Spurs Never Learn on 13:49 - Aug 31 with 1116 views | Bicester_North |
| Spurs Never Learn on 13:33 - Aug 31 by SonicBoom |
Real Madrid and Barcelona in real trouble? Really? Both will still be there in 5 years. Look at Rangers in Scotland. They went bust plummeted down the league but now they are back at the top. |
Massive clubs can get away with it, smaller ones not so much. |  |
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| Spurs Never Learn on 14:11 - Aug 31 with 1081 views | Sadoldgit |
| Spurs Never Learn on 11:48 - Aug 31 by dirk_doone |
I wish we could never learn like that. They have a massive, new, billion pound stadium and they are top of the league. They are buying the players they want now at fair prices and delaying the sale of Kane until January, when they will get even more for him and more than cover the costs of any players they buy in this transfer window. That's the sensible way to do it.
Real Madrid have had massive debts for decades. It's how they've won so many trophies.
Most of the wealth in the world is just borrowed money. The UK general government debt was £2,224.5 billion at the end of financial year ending March 2021, equivalent to 106.0% of gross domestic product. Yet they're still borrowing more money. Does that mean they never learn?
The most successful clubs in the world are the ones with the biggest debts. Spurs are only temporarily top of the list at £970 million because they've just built their new stadium, which cost more than that and is now worth even more. Clubs whose main aim is to break even are just small businesses, not successful football clubs:
https://sqaf.club/football-clu [Post edited 31 Aug 2021 12:52]
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Clubs aren’t queuing up to spend £150m on Kane so I wouldn’t be surprised to see him staying until Levy drops the price. We were top of the league for a while last season too and like us, I don’t think Spurs will be there long. |  | | |
| Spurs Never Learn on 19:04 - Aug 31 with 851 views | Bison |
| Spurs Never Learn on 13:33 - Aug 31 by SonicBoom |
Real Madrid and Barcelona in real trouble? Really? Both will still be there in 5 years. Look at Rangers in Scotland. They went bust plummeted down the league but now they are back at the top. |
They are in so much trouble Real offered PSG £189m for Mbappe which...... PSG turned down. He will now join Real on a free next season signing an agreement in January.
So which is most obscene Real making the offer or PSG affording to turn it down and let him go for free in a year , do you think he will be playing at full pelt come January after he signs his probablly biggest player wages in history as no xfer fee.
Football is well and truly broke. |  |
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| Spurs Never Learn on 19:37 - Aug 31 with 806 views | Saintsforeverj |
Man City are broke too. Pep said so a few months ago. [Post edited 31 Aug 2021 19:38]
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| Spurs Never Learn on 20:13 - Aug 31 with 764 views | PatfromPoole |
My eyebrows are rather more raised by Boscombe splashing the cash tonight.
Now there is a case of sh1t or bust. | |
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