| Swiss Ramble 07:55 - Jun 2 with 1625 views | itfc_bucks |
Just reading today's (as always) brilliant Swiss Ramble analysis on Southampton.
It mentions in passing the West Ham made a £104m loss in 24/25, and Spurs £121m loss.
Bearing in mind their respective dismal seasons, and I'm struggling to think of significant incoming fees, both are likely to have posted similar figures this year when published, I'd guess?
West Ham are fecked, aren't they?
Spurs might be in the brown stuff too.
Delightful! |  |
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| Swiss Ramble on 08:06 - Jun 2 with 1524 views | portmanking |
When you consider we actually made a small profit during the same period, it shows what a great state we're in to build and grow from here. | | | |
| Swiss Ramble on 08:09 - Jun 2 with 1512 views | muccletonjoe |
West Ham have been in financial bother for some time now. Some of their supporters have been saying for a while that debts are out of control, add to that, this year's relegation and there is one hell of a lot of pressure on them to make a quick return to the Premier league. Spurs are still there, but with the new stadium it would have been a major disaster if they had gone down instead.
Most premier league clubs are now struggling, unless players wages are addressed radically I cant see how clubs can sustain 100k + a week wages on a long term basis no matter how lucrative the tv deals get. |  | | |
| Swiss Ramble on 08:12 - Jun 2 with 1474 views | BanksterDebtSlave |
| Swiss Ramble on 08:09 - Jun 2 by muccletonjoe |
West Ham have been in financial bother for some time now. Some of their supporters have been saying for a while that debts are out of control, add to that, this year's relegation and there is one hell of a lot of pressure on them to make a quick return to the Premier league. Spurs are still there, but with the new stadium it would have been a major disaster if they had gone down instead.
Most premier league clubs are now struggling, unless players wages are addressed radically I cant see how clubs can sustain 100k + a week wages on a long term basis no matter how lucrative the tv deals get. |
Who would have thunk it. |  |
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| Swiss Ramble on 08:19 - Jun 2 with 1427 views | Perublue |
Spurs should be ok with the champions league money from last season but West Ham .. have one shot at getting back up I think and keeping more of their squad than many think.. if they don’t get up they’re really fooked |  |
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| Swiss Ramble on 12:41 - Jun 2 with 991 views | TractorJack |
It's looking like Fernandes could go for big money. |  | | |
| Swiss Ramble on 12:54 - Jun 2 with 939 views | hype313 |
| Swiss Ramble on 12:41 - Jun 2 by TractorJack |
It's looking like Fernandes could go for big money. |
They've got no choice, they need to recoup £100m to standstill |  |
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| Swiss Ramble on 21:58 - Jun 2 with 625 views | darkhorse28 |
Don’t Spurs have one of the biggest revenues in world football, £560 mil, with the % to revenue rules there won’t be many clubs can spend more if they want. Leeds had £100 million losses on EFL revenue - in fact our losses for the season just gone, I’d expect will be bigger than Spurs as a % of turnover. That’s the power of the premier league. Covers a lot of sins.
West Ham however. They have £190 million of amortised transfer liabilities, lost prem revenue, lost match day revenue and are in a world of pain.
If they didn’t come back up in the next two seasons, they’ll be cooked.
They’ll kick it down the road for a season, their owners will prop
up the P&L no problem, for now.
I do feel sorry for their fans, old school club, had their ground sold from under them, lost their soul, and if they don’t come back, it could go very very wrong. I can easily see them struggling to meet legacy liabilities in a year or two.
Karen Brady isn’t daft, out before the sticky stuff really hits the fan.
Imagine trying to service payments for players, long since gone, on EFL revenue.., their spending and contract lengths were those of a club who never thought they could be relegated.
As Mick would say ‘you can’.
They could do a Leeds easily .., decades out of the top flight after European glory.
Personally I’d like them in the top flight. Ipswich and West Ham, old school fixture that deserves a place at the top table. Tony Cottee.., Paul Goddard .., Steve Whitton and John Lyall.., and Stuart Slater (at a push).
I’d rather play them than Brentford tbf. | | | |
| Swiss Ramble on 22:23 - Jun 2 with 578 views | ParisBlue |
| Swiss Ramble on 21:58 - Jun 2 by darkhorse28 |
Don’t Spurs have one of the biggest revenues in world football, £560 mil, with the % to revenue rules there won’t be many clubs can spend more if they want. Leeds had £100 million losses on EFL revenue - in fact our losses for the season just gone, I’d expect will be bigger than Spurs as a % of turnover. That’s the power of the premier league. Covers a lot of sins.
West Ham however. They have £190 million of amortised transfer liabilities, lost prem revenue, lost match day revenue and are in a world of pain.
If they didn’t come back up in the next two seasons, they’ll be cooked.
They’ll kick it down the road for a season, their owners will prop
up the P&L no problem, for now.
I do feel sorry for their fans, old school club, had their ground sold from under them, lost their soul, and if they don’t come back, it could go very very wrong. I can easily see them struggling to meet legacy liabilities in a year or two.
Karen Brady isn’t daft, out before the sticky stuff really hits the fan.
Imagine trying to service payments for players, long since gone, on EFL revenue.., their spending and contract lengths were those of a club who never thought they could be relegated.
As Mick would say ‘you can’.
They could do a Leeds easily .., decades out of the top flight after European glory.
Personally I’d like them in the top flight. Ipswich and West Ham, old school fixture that deserves a place at the top table. Tony Cottee.., Paul Goddard .., Steve Whitton and John Lyall.., and Stuart Slater (at a push).
I’d rather play them than Brentford tbf. |
Alan Taylor (+ Clive Thomas) in 75
Mark Ward dive in 86
Play-offs 04 & 05
Karma
(But yes, shame for their fans having to go to that athletics stadium instead of Upton Park - proper ground that was - Reuser's free kick,...glorious...)
(Brighton, Brentford, Fulham, Bournemouth all annoy me - get back in the 3rd or 4th division where your rightful homes are...and stop being well run!) |  |
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| Swiss Ramble on 23:45 - Jun 2 with 468 views | SuffolkPunchFC |
| Swiss Ramble on 21:58 - Jun 2 by darkhorse28 |
Don’t Spurs have one of the biggest revenues in world football, £560 mil, with the % to revenue rules there won’t be many clubs can spend more if they want. Leeds had £100 million losses on EFL revenue - in fact our losses for the season just gone, I’d expect will be bigger than Spurs as a % of turnover. That’s the power of the premier league. Covers a lot of sins.
West Ham however. They have £190 million of amortised transfer liabilities, lost prem revenue, lost match day revenue and are in a world of pain.
If they didn’t come back up in the next two seasons, they’ll be cooked.
They’ll kick it down the road for a season, their owners will prop
up the P&L no problem, for now.
I do feel sorry for their fans, old school club, had their ground sold from under them, lost their soul, and if they don’t come back, it could go very very wrong. I can easily see them struggling to meet legacy liabilities in a year or two.
Karen Brady isn’t daft, out before the sticky stuff really hits the fan.
Imagine trying to service payments for players, long since gone, on EFL revenue.., their spending and contract lengths were those of a club who never thought they could be relegated.
As Mick would say ‘you can’.
They could do a Leeds easily .., decades out of the top flight after European glory.
Personally I’d like them in the top flight. Ipswich and West Ham, old school fixture that deserves a place at the top table. Tony Cottee.., Paul Goddard .., Steve Whitton and John Lyall.., and Stuart Slater (at a push).
I’d rather play them than Brentford tbf. |
You haven’t looked at both sides of the Spurs equation.
Spurs may have revenues of £565M, but they have staff costs and player amortisation of £455M. So, 80% ratio for SCR compliance (if it had been in place for the last accounts). They are potentially in trouble from an SCR compliance point of view - they spent another ~£160M nett on players this season, so adding maybe £50M to costs, and potentially 90% ratio. They are very much on the edge for compliance.
Edit: I had their player amortisation far too high in my first calculation [Post edited 2 Jun 23:52]
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| Swiss Ramble on 08:04 - Jun 3 with 271 views | RetroBlue |
I dont profess to know or even understand the ins and outs of finances within the game , but I suspect most professional clubs are sailing close to the wind,with most PL clubs in breach of the rules. But as we can see from the Man City debacle, there's never any action actually taken against these clubs, so why should they change their ways.
The game is morally corrupt and finished now. Its driven by tv companies and those within the game ( players / agents) greed. If clubs had any savvy, they'd come together as businesses and agree amongst themselves not to pay these ridiculous wage demands by players and their greedy agents. Dont say it cant be done because it can.
In a totally different business sector, NHS GP's were leaving practices and going back to work as locums. They then had no responsibility to the surgery as were then freelance and an employee rather than partners. This practice of doctors jumping ship and then going back the next week as a locums picked up momentum becuase doctors were then charging the Practices a MUCH higher fee a day, to work. Practixes initially had no choice but to pay these higher wage demands because of the GP shortages, and if the doctors didnt get what they were asking for they just went to another practice who was willing to pay.... a bit like footballers do now.
This mercenary activity by doctors (shocking to hear this of our good old nhs doctors isn't it!), was eventually ended because Practices joined together to agree they would all only pay to a certain level per day for locum doctors. It stopped GP's jumping ship and holding Practices to ransom.
Now, I know this is a totally different sector, but the principle voukd be applied to professional football clubs. The players / agents are ruining the game and bankrupting clubs by their ridiculous wage demands and club owners dont appear to have the savvy to join forces to minimise this impact.
Anyway, sorry for long post.... |  |
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