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Financial Results 2016/2017

Finchbee

Finchbee

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#1
http://www.tottenhamhotspur.com/news/financial-results-year-end-30-june-2017-030418/

Financial Highlights

Revenue for the year ended 30 June 2017 was at a record level of £306.3m (2016: £209.8m).

Premier League gate receipts were £19.0m (2016: £22.2m). Gate receipts decreased in comparison to the prior year as a result of the demolition of the North-East corner of White Hart Lane Stadium. The stadium continued to sell out for all Premier League home games, further underlining the need for an increased capacity stadium to meet demand and satisfy a waiting list for season tickets that has now risen to over 62,000.

The Club participated in the group stages of the UEFA Champions League and the round of 32 of the UEFA Europa League (2016: round of 16 of UEFA Europa League) resulting in gate receipts and prize money of £44.6m (2016: £18.7m).

Revenue from the domestic cup competitions earned the Club £5.0m (2016: £2.4m).

Television and media revenues rose to £149.8m (2016: £94.8m),due to the commencement of a new three-year Premier League broadcasting deal and a record second place league finish (2016: third).

Sponsorship and corporate hospitality revenue was £54.7m (2016: £48.8m) and merchandising revenue was £14.0m (2016: £12.0m).

Profit from operations, excluding football trading and before exceptional items and depreciation, was £117.6m (2016: £63.3m). Profit for the year after interest and tax was £41.2m (2016: £33.0m).

The Group has continued to invest significantly in construction work, professional fees and enabling works relating to the Northumberland Development Project (NDP) with the cumulative spend increasing from £115.3m to £315.1m during the period.

Group net assets are £227.2m (2016: £206.1m) whilst the Group has cash, net of all borrowing of £14.6m (2016: £47.6m).

Northumberland Development Project (NDP) Update

Following the demolition of White Hart Lane in May, 2017, the construction of the new stadium has significantly accelerated. The roof is in the process of being raised with many interior areas being fitted out; seats are currently being installed in the bowl along with the LED video screens. The Tottenham Experience, Museum and Retail store, which includes the restoration of the historic Warmington House, is well underway. Groundworks have been completed to Paxton House which will deliver a new Ticket Office and an additional retail store. Percy House has been painstakingly restored to its former glory and is now the new home of the Tottenham Hotspur Foundation.

We continue to push local and regional government regarding the timely delivery of the associated public sector infrastructure work and transport upgrades.

The stadium project continues to drive benefits to the local area. We have now delivered more than 1,200 jobs across many different sectors of employment.

The Lodge

The elite player accommodation facility for the First Team and Academy will open in May, 2018. This 46-bedroom facility will deliver an unparalleled environment for player rest and rehabilitation, further enhancing what is widely recognised as one of the best Training Centres in Europe. The Brazil national team will be using the facility for their pre-World Cup preparations.

Outlook

Chairman, Daniel Levy, said: “Extraordinary levels of financial and human resource have seen significant progress on capital projects, with schemes underway at both the new stadium site and our Training Centre.

“As custodians of the Club we are ever-conscious of the need to ensure the future stability of the Club whilst managing its growth.

“We are in an historic period for the Club and there is a growing sense of excitement. There will, however, be many challenges in the coming months as we near the latter stages of the construction of the new stadium and its opening.

“The drive and determination to deliver our best across all areas of the Club, together with the unity and support of all involved, will, I believe, see us meet those challenges.”
 
Don Diaz

Don Diaz

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#3
Not sure how this will help peoples mood !!
Well @skiathospurs has posted the same in Tottenham small talk thread, but it's very clear that a £200 rebate to all season ticket holders and an apology (£8m) in total wouldn't dramatically affect the numbers. Note Player trading is excluded and so are balance sheet numbers, where Kane, Dele, Eriksen alone would total around £500m.
 
Don Diaz

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#4
The club is going to be 'worth' about £1bn. by the end of next season. Levy will talk about being a 'fan' and a 'custodian' and all that good PR and it is in fact true, but it will take someone else to point out that he, ENIC and Joe Lewis will trouser hundreds of millions in profit, which essentially has come from the fans, supporting and funding the growth. I'm not denying it has taken leadership, great recruitment, financial management and risk over time to get us to this point, but the reward system is skewed, in light of the prices charged for the Season tickets. It's fans loyalty that should also be rewarded.
 
Finchbee

Finchbee

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#5
Well @skiathospurs has posted the same in Tottenham small talk thread, but it's very clear that a £200 rebate to all season ticket holders and an apology (£8m) in total wouldn't dramatically affect the numbers. Note Player trading is excluded and so are balance sheet numbers, where Kane, Dele, Eriksen alone would total around £500m.
Didnt see that so I posted a thread !!
 
skiathospurs

skiathospurs

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#6
The club is going to be 'worth' about £1bn. by the end of next season. Levy will talk about being a 'fan' and a 'custodian' and all that good PR and it is in fact true, but it will take someone else to point out that he, ENIC and Joe Lewis will trouser hundreds of millions in profit, which essentially has come from the fans, supporting and funding the growth. I'm not denying it has taken leadership, great recruitment, financial management and risk over time to get us to this point, but the reward system is skewed, in light of the prices charged for the Season tickets. It's fans loyalty that should also be rewarded.
Lets also remember Levy is the highest salaried chairman in the league I believe,that is double whammy getting paid on top of the huge profit in value.
 
Don Diaz

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#7
Lets also remember Levy is the highest salaried chairman in the league I believe,that is double whammy getting paid on top of the huge profit in value.
If it were a 'normal' company and of course football is anything but normal, and a chairman had delivered consistent growth over the last say 5-6 years, grown the business through shareholder funding (partly the fans) then they would be entitled and expect a form of dividend - reasonable season ticket pricing/trophies perhaps in this case. We haven't had either of those yet, but we have had Champions League football for 3 years which is a sort of 'trophy' and the product has improved enormously. At the moment it's definitely weighted on ENIC's double whammy side, guess that's what they call a free market capitalist economy. Those with the money make more money about 8 times out of 10.

In other news a 17 year old girl was shot dead in Tottenham last night. In a road off the Park lane before Northumberland park. The inequality in life is extreme and occasionally only yards apart.
 
Don Diaz

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#11
that's £23,077 a day based on a 5 day week, or £2,884.62 an hour, based on an 8 hour day or £48 a minute.
 
skiathospurs

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#13
Here`s the chav results (no not 1-3 !!)

Lost £70m for the year




How much Roman is owed by CFC £1,162,200,000



Despite lending #CFC #Chelsea #ChelseaFC a few bob the club charged Roman Abramovic £1,028,000 for a box at Stamford Bridge in 2016/17. I hope they gave him a complimentary programme and pie for that too.



Some shady fucking going ons here
Romans offshore BVI (british virgin islands) company lindeza transferred all the 1 billion loan to camberly investments ltd, a company set up with a £1 share

 
Last edited:
BrooklynYid

BrooklynYid

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#17
Poch really threw down the gauntlet in his post game. Daniel Levy needs a new project, eh? Hopefully Danny listens and gives the man what he wants or he might be off. I agree with Poch on this. We are so close. No reason not to go for it now. Fingers crossed.
 
skiathospurs

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#20
https://www.bbc.com/news/business-44208285

The study, based on the 2015-16 and 2016-17 seasons, studied profitability, broadcasting rights, popularity, sporting potential and stadium value.

Top 10 European clubs by 'enterprise value'
  • Manchester United - €3.255bn
  • Real Madrid - €2.92bn
  • Barcelona - €2.78bn
  • Bayern Munich - €2.55bn
  • Manchester City - €2.16bn
  • Arsenal - €2.10bn
  • Chelsea - €1.76bn
  • Liverpool - €1.58bn
  • Juventus - €1.30bn
  • Tottenham - €1.29bn
 
Don Diaz

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#21
https://www.bbc.com/news/business-44208285

The study, based on the 2015-16 and 2016-17 seasons, studied profitability, broadcasting rights, popularity, sporting potential and stadium value.

Top 10 European clubs by 'enterprise value'
  • Manchester United - €3.255bn
  • Real Madrid - €2.92bn
  • Barcelona - €2.78bn
  • Bayern Munich - €2.55bn
  • Manchester City - €2.16bn
  • Arsenal - €2.10bn
  • Chelsea - €1.76bn
  • Liverpool - €1.58bn
  • Juventus - €1.30bn
  • Tottenham - €1.29bn
So now we are officially in the financial elite....it's taken Man City 10 years to get to 5th from nowhere. Our potential is huge. We will be back up with and beyond Arsenal in about 5 years I reckon.

Nice to know we have the financial muscle to go with our world class stadium and footballing credentials. Fantastic time and all slightly surreal to be a Spurs fan. Can't quite believe it's all happening to be honest.
 
Glenjamin

Glenjamin

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#22
So now we are officially in the financial elite....it's taken Man City 10 years to get to 5th from nowhere. Our potential is huge. We will be back up with and beyond Arsenal in about 5 years I reckon.

Nice to know we have the financial muscle to go with our world class stadium and footballing credentials. Fantastic time and all slightly surreal to be a Spurs fan. Can't quite believe it's all happening to be honest.
I think the rise beyond Arsenal will be quick to be honest. Our Korean connection coupled with this new state side summer and the American football is going to drag us up that ladder fast!!
 
skiathospurs

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#23
Financial Update
The Club continues to operate on a sensible financial basis in order to take a long-term view for the benefit of current as well as future generations of Tottenham Hotspur fans.
The Club’s investment over recent years in facilities has resulted in total gross tangible assets at 30 June, 2018, in excess of £1bn - facilities which include the Training Centre, the new Players’ Lodge, Percy House, home of the Tottenham Hotspur Foundation, Lilywhite House Club offices, new retail warehouse, new Paxton House Ticket Office and now the new stadium along with the newly-opened Spurs Shop – the largest football club store in Europe - plus other property assets.
These investments have been financed by funds from the Club and bank finance, principally from Bank of America Merrill Lynch International, Goldman Sachs Bank USA and HSBC Bank plc (“Banking Partners”) who have provided a development facility of up to £637m. At 30 June, 2018, the Club had net debt of £366m.
This level of investment by the Club has been made possible by record revenues of £381m and profit from operations before football trading, depreciation, interest, tax and exceptional items of £163m for the year to 30 June, 2018. Trading for the current year will, however, be impacted by the additional costs of Wembley and the delay to the opening of the new stadium.
Working with our Banking Partners and our financial advisor, Rothschild & Co, we shall be converting this development facility, which currently expires in April 2022, into notes with a mixture of debt maturities.
The residual amount of gross debt to be converted or extinguished will depend on a number of factors including several commercial discussions.
In recent months we have secured an extended agreement with Nike up to 2033, one of the longest football club deals in Nike’s history. We have also announced a number of new brand partners including, amongst several others, Audi, IWC Schaffhausen, HPE and EA SPORTS.
 
Motspur Hotspur

Motspur Hotspur

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#24
oh shit, does that mean Nike are going to be making dog shit kits until 2033??

Please say no!
 
skiathospurs

skiathospurs

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#27
Highest paid directors of EPL, EFL & SP clubs. Top earner Daniel Levy at THFC, 8 earned over £1 million including 2 outside of EPL, many clubs don't pay a penny, although some might be creative in their accounting...Figures based on 2016/17 accounts unless more recently published



Apart from the stadiums delays, spiralling debt and his failure in the transfer market,lack of trophies,ruining the fanbase,pissing off other chairman so much they wont do business with us, he’s earned every penny of that inflated salary!!
 
Motspur Hotspur

Motspur Hotspur

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#28
Highest paid directors of EPL, EFL & SP clubs. Top earner Daniel Levy at THFC, 8 earned over £1 million including 2 outside of EPL, many clubs don't pay a penny, although some might be creative in their accounting...Figures based on 2016/17 accounts unless more recently published



Apart from the stadiums delays, spiralling debt and his failure in the transfer market,lack of trophies,ruining the fanbase,pissing off other chairman so much they wont do business with us, he’s earned every penny of that inflated salary!!
His cultishness knows no bounds, he probably thinks he earned it as well!
 
Don Diaz

Don Diaz

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#30
It's obscene and unjustified compared with our closest competition, and clearly not based on performance. Plain wrong.
 

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