The supporters trust have put out a statement
http://www.thstofficial.com/thst-news/thst-comment-on-transfer-window
“We have much to be proud of at Spurs. Nine of our players featured in the World Cup semi-finals. Over the last few years, a manager we revere has forged an exciting team that has challenged for top honours. And more fans than the Club cares to acknowledge recognise the challenges and achievements of running a sustainable business and building a top class stadium.
But fans come to watch the team. A team that will start the season with many of its key members still tired after the World Cup. And a squad that most rational observers would agree could benefit from more depth. It is not unreasonable to question if it was really the case that, alone among Europe’s top clubs, Spurs could find no player who would improve their squad while our rivals strengthened theirs.
Earlier this year, the Club objected to THST’s criticism of steep ticket price rises. It told us we could not expect players to be signed or wages to be competitive while we opposed those ticket price rises. Fans have paid the prices asked. And yet no signings have been made.
We know that gate receipts are no longer as fundamental as they once were for financing transfer fees or wages. But ticketing income at Spurs is now higher than it has ever been. We are curious as to what that money has been used for. We have been told the stadium build will not affect transfer spending.
We are told that we don’t have to sign players because we develop our youth. Yet four of our most promising prospects left the Club this summer. Of the current first team squad, just two regulars have come up through the ranks.
We love what has been developed, but for all the great football we’ve seen over the last few seasons, there are no trophies to show.
We have the highest paid Chairman in the Premier League. Our fans pay some of the highest prices in world football. Our support for our team and our admiration for what has been achieved remains strong. However, we believe fans are entitled to a full and credible explanation of what has happened this summer."
THST Board
9 August 2018
THST statement
posted on 10/8/18
I think the season ticket money is meant to kick in next season though?
I mean, the games haven't even been played yet...
posted on 10/8/18
So we didn't buy players due to money?
posted on 10/8/18
and I have no idea why season ticket money would kick in next season? No idea why as I parted with my cash in May.
posted on 10/8/18
I don't know but I don't think the majority of revenue is ST though? It's matchday expenditure & gameday tickets bought & hospitality boxes bought?
posted on 10/8/18
comment by Bake 'em away toys (U7303)
posted 5 minutes ago
So we didn't buy players due to money?
----------------------------------------------------------------------
I think we struggled to sign players due to our wage bill partly.
Hypothetically if last season we were near the maximum of our wage bill, then with Janssen & Nkoudou coming back - 6/7 of our players getting large pay rises (Kane gone from 100k to 200k) - Moura joining the team. Maybe it is a little saturated and we had to lose some of the dross to make room, or sign players who would command lower wages (Grealish)
posted on 10/8/18
I get that, but why did the club say they would be brave during the transfer window if they had issues with wages. I feel like I keep making the same points so I'm just going to quit
posted on 10/8/18
Cos it’s good PR probably.
I reckon they also maybe thought the would have had a stadium sponsor, we wouldn’t have stadium issues, and the players we wanted would have been easier to get?
posted on 10/8/18
No I don’t have the profit figures to hand, although Atleti have also just built their own stadium.
If there are financial restrictions then the club need to come out and say it. How can they supposedly justify the hike in ticket prices as it contributes to player salaries and transfers, then not make any transfers, and have Poch blame Brexit for it? THST and the fans deserve to know the truth.
Our wage to turnover ratio is pretty low by the way
https://amp.theguardian.com/football/2018/jun/06/premier-league-finances-club-guide-2016-17
posted on 10/8/18
Yeh I realised that Atlético signed no players last summer either
posted on 10/8/18
The club lied to the fans simple as. It doesn't take a rocket scientist to see this. They totally used the "The transfer budget won't be affected " card, right before the season ticket prices convinietly went up. We have been sold a pack of lies by the club as has Pochettino.