Poor comparison with Chelsea who don’t own their own pitch, whilst Tottenham own their multi functional stadium with 50% more capacity than Chelsea. “Regular” revenue (that not variable based on football results for CL qualification for example) is far higher than Chelsea. Harringey council has just given permission for more non-football events at the TH stadium. Valuation based on forward earnings value THFC well above Chelsea. And Chelsea are run at a year on year operating loss, TH are profitable ex depreciation.
@@Amphibiousmage agreed and it's not just the premier league, in other sports (nba for example) the revenues will eventually stop growing and regulations need to be in place when the bubbles burst
So what you are missing is that the governments and the regulators ,being the rulemakers being the leagues participants themselves have encouraged the bubble for obvious reasons . Chelski was allowed , the Saudis had to pay the fine to Bein sports before the EPL would allow them to take over Newcastle. The market has matured and the governmental regulations are used now to mitigate the bubble bursting . The corruption began decades ago and the government regulator now comes in to take more money out of the game . Nothing to do with what's good for the game
Don't really get this stance about Spurs not spending big. They have spent almost the same as Arsenal in the past 5 years(11 million less). This isn't 2016. The reason they are not competing at the top is because of poor spending, not a lack of it.
Yeah the amount of money we have spent is absolutely insane. It’s also on a lot of players who are cheaper instead of lots on one player who definitely improve. 2016 was a great example, spent the same amount on Sissoko, Nkoudou and Janssen as Liverpool spent on Mane and Wijnaldum (sp?)… we all know how those deals turned out
@@jamescoulter886 You also spent big on the likes of Ndombele, Lo Celso, Sanchez etc. Most of it was because of trying to find a shortcut with coaches who really didn't suit Spurs. I think almost every single purchase under Ange has been a good buy to various extents.
Big difference compared to rivals is a bit of that money has come from some big sales. Obviously agree that it’s been pissed away on crap unfortunately. God, we bought solardo..
@@jamescoulter886they spent zilch this year, and have moved 160m wage bill out, so please, get your facts down right. They also earn almost twice aas m7ch as anyone else with their karting, hotel, American football contract and now a huge amount of 60k plus events per year. Their personal wealth of the two sharks has grown hugely. While their pensioner fans are being ignored. These guys are missing the big picture is amazing.
The multiplier for why they are behind is because they did no business for two windows prior to that 5 year period you've quoted. Letting that 2015-2019 team stagnate set the club back years. Contracts ran down, from dropped off and the value of the squad plummeted, so we couldn't even sell valuable assets to rebuild. That peak Poch era team could have generate about £500m and been refreshed, but they ended up making about £200m and the vast majority of that was from Kane and Walker. Lloris, Rose, Vertonghen, Alderweireld, Trippier, Dembele, Wanyama, Eriksen and Dele left the club for a combined total of about £50m... Total madness!
it is the match day revenue and revenue from the stadium that raises the price of Tottenham, they can generate profit regardless of success on the pitch.
@@eleanorzissou Im fairly sure (not 100%) that the loan for the stadium is at low fixed rate interest, regardless of profits. Its something I would be interested to learn more about if you have a good source of info.
@eleanorzissou I don't know how you came up with this drivel but how does a business take care of its liabilities if they're not interested in profit?
Success on the pitch is really interesting in all these valuations. United have had very little on pitch success, relative to the benchmarks they have set, but have kept growing in value. Tottenham, a club with zero success in almost 4-5 decades, and hardly a rich history of success before that, is somehow continually in this conversation of valuable. It's really quite impressive.
The stadium and other aspects of the Northumberland Development Project add tremendous value to the valuation. The ability to use the stadium for NFL, rugby, big concerts, and big boxing cards alters the sell price much more than year-to-year results.
Tottenham's biggest problem is the one they cannot change: the transport links in the area. The nearest tube station is either seven sisters or Tottenham Hale. Train stations in the area are bit small - white hart lane, Northumberland park. The car parking in the area is not enough for a 60k stadium.
All three of you need to pay closer attention. The invite to investment is anchored to ‘projects’. It has nothing whatsoever to do with the core business. What are those projects? The main one is NDP Phase 3, which is the development on the southern podium and concerns the building of a hotel along with three residential blocks. A development of that scale requires considerable capital however, securing construction finance is a notoriously expensive vehicle. It would be even more expensive given that approx £600m of existing debt is already secured against the stadium. Now that debt is also secured on unbelievably preferable terms (avg 2.3% over 20yrs) so Levy will not be looking to refinance that debt package any time soon. So what do you do instead? You outsource the risk by offering a very nominal amount of equity, either in the core business or its burgeoning property portfolio. That capitalises development and an investor can look forward to yielding a return in the midterm. The three residential blocks will generate a significant profit per unit however from spade to final sale can be many years. A lot of Middle Eastern investors understand the capital carry and are very relaxed about waiting the 5-7yr period to release maximum return. And yes there absolutely would be a significant return, given the London market and the massive investment within the locale: Tottenham Hale, Meridian Water. But it’s not just NDP Phase 3. They have Goods Yard (316 residential units), Depot (330 units) and Printworks (a colossal 1,000 unit development). It is these projects that Daniel Levy is seeking to capitalise through ‘expanding the equity base’.
Staveley is an insolvent broker. Her business is in bankruptcy. Her ability to find buyers was based on her Middle East contacts, who do not want that negative PR around any potential investment, given they have enough negative PR already. Not happening.
My understanding is that it’s not Mr Levy who is driving the valuation demands… It will change very quickly when a certain business partner passes away
There has not been an inconsistency on the pitch as you claim during the 24:season ENIC era Jack. They have consistently failed to win silverware for 24 years now...
I'd love the investment but would hate my club to end up being a circus like Man Utd, Newcastle and Everton with constant speculation around different things which never positively affect the club
How do the books look great, yet they can't "throw their weight around?" Ultimately it's owned by billionaires and consistently refuse to invest in the team when it's needed. (I.e. a self-imposed transfer ban right after our best period in a long time.)
Spurs spend quite a bit now though. I think if you include Porro and Kulusevski being made permanent they spent over £200m last season (offset by £85-90m for Kane) and then about another £150m this summer. They also had players on pretty high wages. Somehow Ndomble was on about £130k per week, Hjoberg, Dier and I think Lo Celso were on over £100k. They've got rid of all those players now and think it's just Son, Maddison and Romero who are on over £100k per week now. The summer signings and the rumoured signings were all for players aged 18 (except Solanke obviously). Partly the reason for that is they want to bring in really young players at 18 so in three years they'll be homegrown at club for European competition. Levy has handed over all the football stuff to Johan Lange who has apparently brought in a new data recruitment team which is why they apparently signed Odebert as they're buying certain profiles now based on stats. The recruitment is getting better too based on the last couple of seasons. Some Spurs fans are already moaning about Ange, but I think give him three full seasons and Spurs will have some success
@@mattyoungs3627 There's rumours they're contemplating sending Werner back in January, he won't be signing for any longer than at most until the end of the season. He was only brought in because they didn't want to rely on 17 year old Mickey Moore (who only just turned 17 in August too, so think he might have been 16 when the season kicked off). They also didn't have Odbert in then either and have the young Korean winger Yan Ming Huk coming in January. That's Johnson, Moore, Odebert, Huk, Son and Richarlison who can also play out wide. Not sure Huk will go straight into the first team or if he'll go out on loan but there won't really be room for Werner. It's got to the point where Spurs fans I listen to aren't even mad or disappointed with Werner anymore, they just feel sorry for him which when that happens you can't have him join. It's one thing to annoy fans, but when they feel pity for you it's over. I would love to see a Werner redemption arc where he goes on some insane goalscoring run but that doesn't seem like even Werner thinks that would possible
The argument about Tottenham not being a Top 6 club depends on the metric used. In terms of winning EPL titles, the top 5 are definitely (in some order): 1 Man City 2 Man Utd 3 Liverpool 4 Chelsea 5 Arsenal The candidates for 6th spot on titles won being Leicester City and Blackburn Rovers - is anyone seriously claiming they are top 6? By contrast, Tottenham have finished Top 6 in EPL 15 of the last 19 years. In terms of EPL alone, I would argue that makes it the strongest candidate as the final member of "The Top 6". But I accept there are other metrics you can use to argue otherwise.
@@jimbojimbo6873 the metrics for defining a "big club" are a bit weird though. Aren't West Ham in the top 15 clubs in the world for revenue? I think they're ahead of teams like AC Milan and have won a European trophy more recently than AC Milan but not even the most deluded West Ham fan would say they are a bigger club than Milan (although on a weird side note when I went to Thailand I did see a lot of local people wearing West Ham shirts for some reason)
Since Man City were purchased by the City group only 3 teams have spent more money than Spurs in the transfer market: City, United and Chelsea. They've outspent Arsenal and Liverpool in that time. I would suggest to Spurs fans that think a new owner might change things at the club that spending isn't and hasn't ever been their issue.
Roman Abrahmovic started spending Putin's money long before that. Why arbitrarily draw a line at City's takeover? The cards were stacked against teams like Spurs around the time we stopped winning major trophies.
@@hmq9052 "when we stopped winning major trophies". So 33 years ago then? Which is before the Premier League was formed. Maybe, just maybe, Spurs didn't adapt to the new emerging market post Prem formation.
@@58JMG 1991 to be precise. Yes, the premier league came along after that and it all changed. Unfair advantage became the norm, depending on who your sugar daddy was. Man United can be excused because they largely brought through domestic talent even when everyone else started shopping abroad.
the idea that spurs are in the 'elite' is hilarious - fewer titles that huddersfield town and last time they won it was on black and white tv. plucky little club that belongs in the bottom half - a few of years of europa league since 2010 doesn't make you worth £4bn
Few years of Europa league when a champions league final is right there is so weird. Where did you pull bottom half from? Out your arse? They’ve been the club that have been consistently been in the top 6 the melt in the last decade. Stop crying. It’s weird
You are 'worth' whatever somebody will pay for you, the Glazers thought Man U were worth 6 billion quid, nobody was prepared to pay that. If somebody pays 4 billion for Spurs that is what they are worth.
I do laugh at the ignorance. In this podcast they claim Spurs are ‘worth between £2.3 to £2.9bn’ and here, we see another individual claim Spurs at £4bn is “overvalued”. In reality, Tottenham Hotspur - within the group of interests it has grown - is easily worth north of £5billion. Easily. And this is where the vast majority demonstrate how little they know about finance. As a business, not only is THFC ridiculously strong but its debt is secured on unbelievably low rates and, it holds a remarkable portfolio of ‘projects’ to further generate many hundreds of millions. You then look at the very significant commercial footings which are being embedded. THFC is now partnered with the two biggest names in sport: NFL and F1. There is literally no other peer who can boast of having secured those relationships. That’s the level. And it is abundantly obvious that the long term position is to anchor a London NFL franchise at Tottenham Hotspur Stadium. All of the steps have been groundwork: retractable pitch, initial annual games and now, they have secured permission to hold up to 30 ‘no football events’. In truth, Tottenham Hotspur hasn’t even got started in terms of sweating their assets. And yet, that stadium is already generating a colossal additional annual income. They have big BIG plans which few even know about and believe me, £5bn is the absolute bottom of any valuation.
@@imconfused1237 The versatility of the stadium and other surrounding development owned by the club are worth more than the club itself. It isn't a shot at the club, but a simple reality of how these valuations are made.
Spurs fans want nothing more than seeing Levy out. Even if Levy is still around for some golden era the fans will still hate him. He took 20 years of joy from the fans because he wanted to build the valuation of his asset without investing their money. We won't forget that.
Poor comparison with Chelsea who don’t own their own pitch, whilst Tottenham own their multi functional stadium with 50% more capacity than Chelsea. “Regular” revenue (that not variable based on football results for CL qualification for example) is far higher than Chelsea. Harringey council has just given permission for more non-football events at the TH stadium. Valuation based on forward earnings value THFC well above Chelsea. And Chelsea are run at a year on year operating loss, TH are profitable ex depreciation.
Also, shock horror the league's best negotiator starts with an aggressive negotiating position rather than at the list price!
This was brilliant. One of the better pods yet. Especially Matt at the end explaining why we need the regulator
Provided a pretty weak argument for a regulator
@@jimbojimbo6873 the arguement that English football has been terribly unsustainable for its entire existence is weak?
@@Amphibiousmage agreed and it's not just the premier league, in other sports (nba for example) the revenues will eventually stop growing and regulations need to be in place when the bubbles burst
So what you are missing is that the governments and the regulators ,being the rulemakers being the leagues participants themselves have encouraged the bubble for obvious reasons . Chelski was allowed , the Saudis had to pay the fine to Bein sports before the EPL would allow them to take over Newcastle. The market has matured and the governmental regulations are used now to mitigate the bubble bursting . The corruption began decades ago and the government regulator now comes in to take more money out of the game . Nothing to do with what's good for the game
Don't really get this stance about Spurs not spending big.
They have spent almost the same as Arsenal in the past 5 years(11 million less).
This isn't 2016. The reason they are not competing at the top is because of poor spending, not a lack of it.
Yeah the amount of money we have spent is absolutely insane. It’s also on a lot of players who are cheaper instead of lots on one player who definitely improve. 2016 was a great example, spent the same amount on Sissoko, Nkoudou and Janssen as Liverpool spent on Mane and Wijnaldum (sp?)… we all know how those deals turned out
@@jamescoulter886 You also spent big on the likes of Ndombele, Lo Celso, Sanchez etc. Most of it was because of trying to find a shortcut with coaches who really didn't suit Spurs. I think almost every single purchase under Ange has been a good buy to various extents.
Big difference compared to rivals is a bit of that money has come from some big sales. Obviously agree that it’s been pissed away on crap unfortunately.
God, we bought solardo..
@@jamescoulter886they spent zilch this year, and have moved 160m wage bill out, so please, get your facts down right. They also earn almost twice aas m7ch as anyone else with their karting, hotel, American football contract and now a huge amount of 60k plus events per year. Their personal wealth of the two sharks has grown hugely. While their pensioner fans are being ignored. These guys are missing the big picture is amazing.
The multiplier for why they are behind is because they did no business for two windows prior to that 5 year period you've quoted.
Letting that 2015-2019 team stagnate set the club back years. Contracts ran down, from dropped off and the value of the squad plummeted, so we couldn't even sell valuable assets to rebuild.
That peak Poch era team could have generate about £500m and been refreshed, but they ended up making about £200m and the vast majority of that was from Kane and Walker.
Lloris, Rose, Vertonghen, Alderweireld, Trippier, Dembele, Wanyama, Eriksen and Dele left the club for a combined total of about £50m... Total madness!
it is the match day revenue and revenue from the stadium that raises the price of Tottenham, they can generate profit regardless of success on the pitch.
They‘re not interested in generating profit as it would affect their payments for the stadium.
@@eleanorzissou Im fairly sure (not 100%) that the loan for the stadium is at low fixed rate interest, regardless of profits. Its something I would be interested to learn more about if you have a good source of info.
@eleanorzissou I don't know how you came up with this drivel but how does a business take care of its liabilities if they're not interested in profit?
@kristiemccloskey51 the loan is list and itemised in the annual report, ultra low long term interest rate.
OP have not idea
Success on the pitch is really interesting in all these valuations. United have had very little on pitch success, relative to the benchmarks they have set, but have kept growing in value. Tottenham, a club with zero success in almost 4-5 decades, and hardly a rich history of success before that, is somehow continually in this conversation of valuable. It's really quite impressive.
very little on pitch success? they have won 10x more titles than the spuds
The stadium and other aspects of the Northumberland Development Project add tremendous value to the valuation. The ability to use the stadium for NFL, rugby, big concerts, and big boxing cards alters the sell price much more than year-to-year results.
Because not all football fans are gloryseeker, big six fan🤡
@@sushiaddict94only 3-4 in past 10
Tottenham's biggest problem is the one they cannot change: the transport links in the area. The nearest tube station is either seven sisters or Tottenham Hale. Train stations in the area are bit small - white hart lane, Northumberland park. The car parking in the area is not enough for a 60k stadium.
Not to mention how dreadfully old and dirty (dirty Old trains) the underground station is.
They need a people mover tram system up the Seven Sisters high road.
All three of you need to pay closer attention. The invite to investment is anchored to ‘projects’. It has nothing whatsoever to do with the core business. What are those projects? The main one is NDP Phase 3, which is the development on the southern podium and concerns the building of a hotel along with three residential blocks. A development of that scale requires considerable capital however, securing construction finance is a notoriously expensive vehicle. It would be even more expensive given that approx £600m of existing debt is already secured against the stadium. Now that debt is also secured on unbelievably preferable terms (avg 2.3% over 20yrs) so Levy will not be looking to refinance that debt package any time soon.
So what do you do instead? You outsource the risk by offering a very nominal amount of equity, either in the core business or its burgeoning property portfolio. That capitalises development and an investor can look forward to yielding a return in the midterm. The three residential blocks will generate a significant profit per unit however from spade to final sale can be many years. A lot of Middle Eastern investors understand the capital carry and are very relaxed about waiting the 5-7yr period to release maximum return. And yes there absolutely would be a significant return, given the London market and the massive investment within the locale: Tottenham Hale, Meridian Water.
But it’s not just NDP Phase 3. They have Goods Yard (316 residential units), Depot (330 units) and Printworks (a colossal 1,000 unit development). It is these projects that Daniel Levy is seeking to capitalise through ‘expanding the equity base’.
Slate is so good
Staveley is an insolvent broker. Her business is in bankruptcy. Her ability to find buyers was based on her Middle East contacts, who do not want that negative PR around any potential investment, given they have enough negative PR already. Not happening.
Matt, it is not a 20 year period, its a 24 year period that the Tavistock Group have owned THFC. Do your research please...
Comparing football to American football profits may be missing the fact that ticket prices in the NFL cost twice as much
My understanding is that it’s not Mr Levy who is driving the valuation demands…
It will change very quickly when a certain business partner passes away
Netahayu?
There has not been an inconsistency on the pitch as you claim during the 24:season ENIC era Jack. They have consistently failed to win silverware for 24 years now...
I’m putting in a $100 USD + $50 Canadian bid to buy Spurs. It’s a top tier offer
It's too much
Tell me you know nothing without telling me you know nothing 🙄
Funny...
Funny guy 😂😂😂😐
😂😂😂 I’ll chip in a Toonie just for kicks
I enjoy Jack Pitt-Brooke reading things in a stupid voice.
Tottenham do not spend anythin on taxess as ENIC is registered in the Bahamas.
Sell now for maximum value while the Korean cash cow is here
How does new owners or investment help any team with PL "anti competition rule".
Even Saudis oil money is hamstrung
I'd love the investment but would hate my club to end up being a circus like Man Utd, Newcastle and Everton with constant speculation around different things which never positively affect the club
How do the books look great, yet they can't "throw their weight around?"
Ultimately it's owned by billionaires and consistently refuse to invest in the team when it's needed. (I.e. a self-imposed transfer ban right after our best period in a long time.)
Spurs spend quite a bit now though. I think if you include Porro and Kulusevski being made permanent they spent over £200m last season (offset by £85-90m for Kane) and then about another £150m this summer. They also had players on pretty high wages. Somehow Ndomble was on about £130k per week, Hjoberg, Dier and I think Lo Celso were on over £100k. They've got rid of all those players now and think it's just Son, Maddison and Romero who are on over £100k per week now.
The summer signings and the rumoured signings were all for players aged 18 (except Solanke obviously). Partly the reason for that is they want to bring in really young players at 18 so in three years they'll be homegrown at club for European competition.
Levy has handed over all the football stuff to Johan Lange who has apparently brought in a new data recruitment team which is why they apparently signed Odebert as they're buying certain profiles now based on stats.
The recruitment is getting better too based on the last couple of seasons. Some Spurs fans are already moaning about Ange, but I think give him three full seasons and Spurs will have some success
Tottenham is being pronounced Tottnam
Are u Americano?
TottenHAM😅
67 yr old fan, I was going to make a proper comment, But I realise I don't really like my fellow Tottenham fans
Rumours circulating that Ange wants to sign Werner for a third time, but this time offer him a 3 year deal. ANGE OUT NOW!!
Seriously?I hope this is BS 😮
@@mattyoungs3627 There's rumours they're contemplating sending Werner back in January, he won't be signing for any longer than at most until the end of the season. He was only brought in because they didn't want to rely on 17 year old Mickey Moore (who only just turned 17 in August too, so think he might have been 16 when the season kicked off). They also didn't have Odbert in then either and have the young Korean winger Yan Ming Huk coming in January. That's Johnson, Moore, Odebert, Huk, Son and Richarlison who can also play out wide. Not sure Huk will go straight into the first team or if he'll go out on loan but there won't really be room for Werner.
It's got to the point where Spurs fans I listen to aren't even mad or disappointed with Werner anymore, they just feel sorry for him which when that happens you can't have him join. It's one thing to annoy fans, but when they feel pity for you it's over. I would love to see a Werner redemption arc where he goes on some insane goalscoring run but that doesn't seem like even Werner thinks that would possible
The argument about Tottenham not being a Top 6 club depends on the metric used.
In terms of winning EPL titles, the top 5 are definitely (in some order):
1 Man City
2 Man Utd
3 Liverpool
4 Chelsea
5 Arsenal
The candidates for 6th spot on titles won being Leicester City and Blackburn Rovers - is anyone seriously claiming they are top 6?
By contrast, Tottenham have finished Top 6 in EPL 15 of the last 19 years. In terms of EPL alone, I would argue that makes it the strongest candidate as the final member of "The Top 6". But I accept there are other metrics you can use to argue otherwise.
Mate its about global brand recognition and revenue… No one classes trophies and likelihood of winning the measure of club size
@@jimbojimbo6873 the metrics for defining a "big club" are a bit weird though. Aren't West Ham in the top 15 clubs in the world for revenue? I think they're ahead of teams like AC Milan and have won a European trophy more recently than AC Milan but not even the most deluded West Ham fan would say they are a bigger club than Milan (although on a weird side note when I went to Thailand I did see a lot of local people wearing West Ham shirts for some reason)
Since Man City were purchased by the City group only 3 teams have spent more money than Spurs in the transfer market: City, United and Chelsea. They've outspent Arsenal and Liverpool in that time.
I would suggest to Spurs fans that think a new owner might change things at the club that spending isn't and hasn't ever been their issue.
On wages or transfers? Transfer fees aren’t too important. Also does that take in to account sales as well.
Roman Abrahmovic started spending Putin's money long before that. Why arbitrarily draw a line at City's takeover? The cards were stacked against teams like Spurs around the time we stopped winning major trophies.
@@hmq9052 "when we stopped winning major trophies". So 33 years ago then? Which is before the Premier League was formed.
Maybe, just maybe, Spurs didn't adapt to the new emerging market post Prem formation.
Wrong spending is exactly what a new owner could change for them
@@58JMG 1991 to be precise. Yes, the premier league came along after that and it all changed. Unfair advantage became the norm, depending on who your sugar daddy was. Man United can be excused because they largely brought through domestic talent even when everyone else started shopping abroad.
pls dont give me hope
Amanda Staveley is now looking for something else to do.
How about her husband?
Done that already. He’s doing something else now
Staveley is a rent-a-quote. Ain't happening. 😂
even with all the success how is city mentioned as the biggest club in revenue terms
they’ve been looking to sell for at least a decade
the idea that spurs are in the 'elite' is hilarious - fewer titles that huddersfield town and last time they won it was on black and white tv. plucky little club that belongs in the bottom half - a few of years of europa league since 2010 doesn't make you worth £4bn
Few years of Europa league when a champions league final is right there is so weird. Where did you pull bottom half from? Out your arse? They’ve been the club that have been consistently been in the top 6 the melt in the last decade. Stop crying. It’s weird
You are 'worth' whatever somebody will pay for you, the Glazers thought Man U were worth 6 billion quid, nobody was prepared to pay that. If somebody pays 4 billion for Spurs that is what they are worth.
Literally been looking to sell for 20 years
without son, no fans in Asian specially in korea 😂
Spurs signed another player from Korea .
Yeah but hes like 17 ....from the K league which is a farmers league.@@Sabeer147
Spurs valued at 4 billion pounds shows that the market is overvalued.
The only thing that is over what it needs to be is ur mom who weighs at 4 billion pounds
Their stadium alone is worth 1.5
I do laugh at the ignorance. In this podcast they claim Spurs are ‘worth between £2.3 to £2.9bn’ and here, we see another individual claim Spurs at £4bn is “overvalued”. In reality, Tottenham Hotspur - within the group of interests it has grown - is easily worth north of £5billion. Easily.
And this is where the vast majority demonstrate how little they know about finance. As a business, not only is THFC ridiculously strong but its debt is secured on unbelievably low rates and, it holds a remarkable portfolio of ‘projects’ to further generate many hundreds of millions.
You then look at the very significant commercial footings which are being embedded. THFC is now partnered with the two biggest names in sport: NFL and F1. There is literally no other peer who can boast of having secured those relationships. That’s the level.
And it is abundantly obvious that the long term position is to anchor a London NFL franchise at Tottenham Hotspur Stadium. All of the steps have been groundwork: retractable pitch, initial annual games and now, they have secured permission to hold up to 30 ‘no football events’.
In truth, Tottenham Hotspur hasn’t even got started in terms of sweating their assets. And yet, that stadium is already generating a colossal additional annual income. They have big BIG plans which few even know about and believe me, £5bn is the absolute bottom of any valuation.
@@imconfused1237 tl:dr
@@imconfused1237 The versatility of the stadium and other surrounding development owned by the club are worth more than the club itself. It isn't a shot at the club, but a simple reality of how these valuations are made.
If you have to go on a 5 minute monologue to try and prove that a club is “elite,” then it probably isn’t elite.
Spurs fans want nothing more than seeing Levy out. Even if Levy is still around for some golden era the fans will still hate him. He took 20 years of joy from the fans because he wanted to build the valuation of his asset without investing their money. We won't forget that.
Daniel Levy… the worst chief executive of a football team for a long time. Forget changing managers… get rid of him
The Spud a elite club 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 comedy gold
Nervous laughter ☝️
@@hmq9052decades and decades they’ve been a best of the rest. Long may it continue. Not a nervous bone in my body. Joke of a club 😂
@@Useless0305 Again, I can feel the panic in you. Just relax. We're getting ourselves together. And we didn't have to sell out in the meantime.
@@hmq9052 how many years does it take to get yourselves together? Even Arsenal sorted it out in 5 years
@@Useless0305 I'd say another one year. If you saw Mikey Moore play last night, maybe 6 months. Top 4 is on in my opinion.
JEWWWWWSSSSS
Tagline for a Jewish action hero movie: "Small hat - big problem"
Hopefully , The club will NEVER win a trophy under them owners .
Free Free Palestine 🇵🇸 ♥️ 🙏
From the Sea to the Sea !