Basically translates to we are paying off our debt over the long term so we will be able to keep going big in the transfer market
Impressed the club were graded as investment grade rather than high yield. Effectively means we are paying lower interest on our debt and the bondholders trust Levy is going to repay.
Get yer wallet out Levy!
This is a very good news for us fans
👍
Chairman running the club like a dream. Top fella Daniel Levy.
Pity the team and manager didn`t follow his lead.
Comment deleted by Site Moderator
Comment deleted by Site Moderator
comment by Ace (U18814)
posted 15 minutes ago
Yeah put simply it seems we are converting a lot of our debt into bonds, which will yield lower interest and be repayable over a longer period. The reason we can do this is because we are viewed as a dead cert virtual zero risk in terms of repayment. The advantage to the club is that we don’t have to start making big repayments on our capital debt of circa £600m in 2022 as originally planned, meaning we’ll have a much more fluid cash flow despite or stadium debt.
It’s basically excellent financial management - the club using its improved status to to improve its debt situation.
I’d add as a counter to Sandys barbed comment, we wouldn’t be in a financial position to do this had we not been in the CL for 4 years while spending virtually nothing on players, so the coaching team takes some credit here as well as the accountants.
----------------------------------------------------------------------
Levy knows his debt financing !
£637,000,000 paid off over 23 years at 2.66% per year is equal to annual repayments of £36.41m.
Our last set of figures (end of 17/18 season) showed £110m profit in a season at Wembley when we had a net spend on the transfer Market of about £32m.
That season we averaged about 65k at Wembley so in comparison the the attendances will be down but we will no doubt off set that with the match day revenues (food/drink/corps) at the new stadium, not to mention the NFL and other uses we will gain. Plus of course no hire fee (reported at £15m for the season, +UCL games)
So in to those figure you can now add annual repayments of debt of £36m, which will knock those profit levels but there will clearly be a lot of cash generated that should enable us to invest in the team at much increased levels (fees and wages).
The future's bright ! The future's Lilywhite !
since those 17/18 figures we have also signed long term deals with Nike & AIA adding more to the coffers.
No wonder we are seen as a low/zero risk investment. We are now generating so much cash it's insane
Hi guys, doesn't seem to be that straightforward.
Levy's quote:
“It will have no bearing on how we run the club … and no bearing on those types of short-term movements [like transfers],” Levy replied. “I understand as I am a fan, clearly you want to win on the pitch. But we have been trying to look at this slightly differently, in that we want to make sure we ensure an infrastructure here to stand the test of time.
“We could have easily spent more money on players. Who knows if that would have bought us more success or not. The right approach is to build from the bottom up. There is no quick fix to becoming a much more significant global club.”
Sorry to be the bearer of bad news!
That quote is from this link:
https://www.theguardian.com/football/2019/sep/20/tottenham-refinance-stadium-debt-purse-strings-not-loosen-daniel-levy
Comment deleted by Site Moderator
comment by NotSoMagicJuande (U1913)
posted 1 minute ago
Hi guys, doesn't seem to be that straightforward.
Levy's quote:
“It will have no bearing on how we run the club … and no bearing on those types of short-term movements [like transfers],” Levy replied. “I understand as I am a fan, clearly you want to win on the pitch. But we have been trying to look at this slightly differently, in that we want to make sure we ensure an infrastructure here to stand the test of time.
“We could have easily spent more money on players. Who knows if that would have bought us more success or not. The right approach is to build from the bottom up. There is no quick fix to becoming a much more significant global club.”
Sorry to be the bearer of bad news!
----------------------------------------------------------------------
That’s not exactly bad news though.
comment by MKspur (U9129)
----------------------------------------------------------------------
That’s not exactly bad news though.
----------------------------------------------------------------------
True! Meant in the sense of those saying it will lead to us spending more on transfers
We can still be prudent, we can still not waste money like £350k a week for Sanchez/Ozil, but our budgets will no doubt increase in line with revenues.
comment by NotSoMagicJuande (U1913)
posted 3 seconds ago
comment by MKspur (U9129)
----------------------------------------------------------------------
That’s not exactly bad news though.
----------------------------------------------------------------------
True! Meant in the sense of those saying it will lead to us spending more on transfers
----------------------------------------------------------------------
But we are already doing that. Building from the bottom up is done now.
Year on year now you will expect the transfer and wages to go up. Not Man City level but we won’t have a summer sign of not spending for instance.
This loan has pretty much meant us saving for our stadium which we’ve done for 10 years is now over.
All in all we are in very good shape.
All this extra cash and couldn't sign a RB...
Comment deleted by Article Creator
comment by Doovdé™ (U2996)
posted 9 minutes ago
All this extra cash and couldn't sign a RB...
----------------------------------------------------------------------
We already have two
Sign in if you want to comment
Club Refinances Construction Debt.
Page 1 of 2
posted on 20/9/19
posted on 20/9/19
Basically translates to we are paying off our debt over the long term so we will be able to keep going big in the transfer market
Impressed the club were graded as investment grade rather than high yield. Effectively means we are paying lower interest on our debt and the bondholders trust Levy is going to repay.
Get yer wallet out Levy!
posted on 20/9/19
Everywhere
posted on 20/9/19
This is a very good news for us fans
👍
posted on 20/9/19
Chairman running the club like a dream. Top fella Daniel Levy.
Pity the team and manager didn`t follow his lead.
posted on 20/9/19
get ya out
posted on 20/9/19
Comment deleted by Site Moderator
posted on 20/9/19
Comment deleted by Site Moderator
posted on 20/9/19
This is very good news
posted on 20/9/19
comment by Ace (U18814)
posted 15 minutes ago
Yeah put simply it seems we are converting a lot of our debt into bonds, which will yield lower interest and be repayable over a longer period. The reason we can do this is because we are viewed as a dead cert virtual zero risk in terms of repayment. The advantage to the club is that we don’t have to start making big repayments on our capital debt of circa £600m in 2022 as originally planned, meaning we’ll have a much more fluid cash flow despite or stadium debt.
It’s basically excellent financial management - the club using its improved status to to improve its debt situation.
I’d add as a counter to Sandys barbed comment, we wouldn’t be in a financial position to do this had we not been in the CL for 4 years while spending virtually nothing on players, so the coaching team takes some credit here as well as the accountants.
----------------------------------------------------------------------
posted on 20/9/19
Levy knows his debt financing !
posted on 20/9/19
posted on 20/9/19
Sandy you mug
posted on 20/9/19
£637,000,000 paid off over 23 years at 2.66% per year is equal to annual repayments of £36.41m.
Our last set of figures (end of 17/18 season) showed £110m profit in a season at Wembley when we had a net spend on the transfer Market of about £32m.
That season we averaged about 65k at Wembley so in comparison the the attendances will be down but we will no doubt off set that with the match day revenues (food/drink/corps) at the new stadium, not to mention the NFL and other uses we will gain. Plus of course no hire fee (reported at £15m for the season, +UCL games)
So in to those figure you can now add annual repayments of debt of £36m, which will knock those profit levels but there will clearly be a lot of cash generated that should enable us to invest in the team at much increased levels (fees and wages).
The future's bright ! The future's Lilywhite !
posted on 20/9/19
since those 17/18 figures we have also signed long term deals with Nike & AIA adding more to the coffers.
No wonder we are seen as a low/zero risk investment. We are now generating so much cash it's insane
posted on 20/9/19
Hi guys, doesn't seem to be that straightforward.
Levy's quote:
“It will have no bearing on how we run the club … and no bearing on those types of short-term movements [like transfers],” Levy replied. “I understand as I am a fan, clearly you want to win on the pitch. But we have been trying to look at this slightly differently, in that we want to make sure we ensure an infrastructure here to stand the test of time.
“We could have easily spent more money on players. Who knows if that would have bought us more success or not. The right approach is to build from the bottom up. There is no quick fix to becoming a much more significant global club.”
Sorry to be the bearer of bad news!
posted on 20/9/19
That quote is from this link:
https://www.theguardian.com/football/2019/sep/20/tottenham-refinance-stadium-debt-purse-strings-not-loosen-daniel-levy
posted on 20/9/19
Comment deleted by Site Moderator
posted on 20/9/19
comment by NotSoMagicJuande (U1913)
posted 1 minute ago
Hi guys, doesn't seem to be that straightforward.
Levy's quote:
“It will have no bearing on how we run the club … and no bearing on those types of short-term movements [like transfers],” Levy replied. “I understand as I am a fan, clearly you want to win on the pitch. But we have been trying to look at this slightly differently, in that we want to make sure we ensure an infrastructure here to stand the test of time.
“We could have easily spent more money on players. Who knows if that would have bought us more success or not. The right approach is to build from the bottom up. There is no quick fix to becoming a much more significant global club.”
Sorry to be the bearer of bad news!
----------------------------------------------------------------------
That’s not exactly bad news though.
posted on 20/9/19
comment by MKspur (U9129)
----------------------------------------------------------------------
That’s not exactly bad news though.
----------------------------------------------------------------------
True! Meant in the sense of those saying it will lead to us spending more on transfers
posted on 20/9/19
We can still be prudent, we can still not waste money like £350k a week for Sanchez/Ozil, but our budgets will no doubt increase in line with revenues.
posted on 20/9/19
comment by NotSoMagicJuande (U1913)
posted 3 seconds ago
comment by MKspur (U9129)
----------------------------------------------------------------------
That’s not exactly bad news though.
----------------------------------------------------------------------
True! Meant in the sense of those saying it will lead to us spending more on transfers
----------------------------------------------------------------------
But we are already doing that. Building from the bottom up is done now.
Year on year now you will expect the transfer and wages to go up. Not Man City level but we won’t have a summer sign of not spending for instance.
This loan has pretty much meant us saving for our stadium which we’ve done for 10 years is now over.
All in all we are in very good shape.
posted on 20/9/19
All this extra cash and couldn't sign a RB...
posted on 20/9/19
Comment deleted by Article Creator
posted on 20/9/19
comment by Doovdé™ (U2996)
posted 9 minutes ago
All this extra cash and couldn't sign a RB...
----------------------------------------------------------------------
We already have two
Page 1 of 2