How Spurs Built a Stadium *And* Made a Profit

How Tottenham Hotspur built a stadium AND made a profit.
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In the same twenty four hours in which Spurs recently played their first match at the new 62,000 seater stadium the club quietly published its financial statements for the year ended 30 June 2018 and announced world-record pre-tax profits of £139 million.
This seems at odds with the tales of woe relating to the stadium completion, which involved delays due to steel cost overruns, labour shortages pushing up wage bills and emergency loans that the club have recently taken out.
So, have Spurs managed to be smarter than every other club in managing its finances or have these financial results been subjected to the dark arts of accountancy.
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#tottenhamhotspur #pochettino #daniellevy

[@blues05]

Watching Tifo Football is like attending a college classes. Once again top notch content. Thank you Tifo

[@thayyebsalim3857]

Absolutely love it

[@snowman01]

Like attending college classes except I'm not slowly drifting to sleep

[@blues05]

@@snowman01 😜 When your lecturer lecturing skill is too good

[@osu5inarow]

Except not really. Tifo is becoming a "give a broad answer" and that answer isn't always right. Like what got left out here was that the NFL contributed heavily to funding this stadium but wasn't mentioned. Also yesterday on game theory, Tifo really didn't even get into the subject. All they did was give a broad definition on a finite game.

[@Addfour]

@@osu5inarow The NFL gave the team 1.5% of its final stadium budget. £10 million.

[@Ashitaka255]

Spurs have done something no other club has done in English football since the PL started. Built from a mid table club with one or two superstars that leave for big clubs (Bale, Modric etc) to a all star squad (Kane, Son, Eriksen, Dele, Vertonghen, Lloris etc). All the while they built a monster stadium that will make more money than the old stadium, even after paying off the debt. The stadium will help to pay the big wages, and stop Spurs going back into the mid table like so many smaller clubs. They did it without the help of some Russian billionaire or Arab oil money. You don't see this often in modern football, big clubs just take who they want from the smaller clubs.

[@civilservant9528]

@@TheHighwayDreams and I'm guessing the lizard people aswell?

[@autonomousthought4106]

exactly, spurs are just as much of an underdog story as leicester imo, just more of a long term stable underdog story. but it truly is an example of what makes the sport great

[@imconfused1237]

TheHighwayDreams | Well, they’re not “getting looked after” very well then, considering they’re not spending anything? 🤷‍♂️ You do realise Spurs are famous for being tight?

[@adamhall5298]

Spurs have been raiding ajax for years...

[@neil1691]

Exactly. It should be a blueprint for other teams looking to break into the English elite.

[@samsamsamsam7]

I am an accountant and ALL of TIFO's information is in accordance with IFRS as well as US GAAP. Massive respect to TIFO, i am thoroughly speechless with how TIFO not only talks about football but everything else that is involved with football in today's society.

[@allah5404]

Daniel Levy learned his skills through Football Manager 2019 :))) also make a video about Bielsa pls he's a very underrated manager

[@alexburt20]

KIZZY 69 let’s forget last week

[@danielo7985]

@@alexburt20 woosh ;p

[@tomboz777]

I look right to this comment section and its right there lol.

[@Crowned-Qwesi]

There are already 4 videos on Marcelo Bielsa alone done by Tifo. His work hasn't gone unnoticed

[@biglez789]

KIZZY 69 are u forgetting last week was bielsa week

[@ElliotCoulling]

This hasn’t aged brilliantly with regards to the wage bill, coach and “the need to win trophies”

[@Shutaisei1]

The most worrying thing for Spurs is losing Poch.

[@maddoxcindy5017]

I hope he’ll become the next wenger

[@04foreverinvincible69]

Maddox Cindy he can never be like wenger

[@avdhutjoshi676]

@ItalBres 92 Pochettino is not a former Spurs player😂😂😂

[@willispacey]

@ItalBres 92 Poch never played for Spurs. Spent most of his playing career in Spain and France..

[@adzymalone4217]

Former spurs player? What you smokin mate

[@rhodigian]

standing ovation for tifo football. and for Spurs. as an Inter fan, i adopted them for this season in UCL.

[@sethparker3381]

rhodigian thanks man! We hope to have your backing in the final! 😉

[@rhodigian]

@@sethparker3381 I liked spurs since I saw spurs supporters on reddit/r/coys reacting to being drafted with Barca, Inter and PSV. They were super positive, like "strong opponents, we'll have a good time, we can manage it!" I loved this attitude.

[@3lrancho]

Glad y'all went out 😅😅

[@Chrisf1990]

Without Inter, I wouldn't be a Spurs fan. Watching the old Bale days vs that team got me hooked.

[@a.m.armstrong8354]

@@rhodigian That's always been our attitude! We relish European competition, relish the glory nights under floodlights. Now we're in a position to invest in elite level recruitment, it is an exciting time to be a supporter.

[@randyjawnson5296]

incredible run this season from spurs, imagine what they’ll do next season with some signings

[@jaloons8372]

Nothing...this was only luck

[@safrianrival9257]

@@jaloons8372 Yeah and we got a f*ck ton of luck

[@sowell7525]

@@jaloons8372 There is no such thing as luck. Everything happens for a reason.

[@zinho9169]

@@jaloons8372 People said that about Liverpool reaching the final last year too, because we had an "easy" route to Kiev. You might benefit from a bit of luck here and there but you don't get to the final of the biggest club tournament in the world solely by luck. Pretty ridiculous.

[@jebbo-c1l]

@@jaloons8372 They would probably still finish 3rd or 4th

[@MrTGJC]

A great long-term strategy by Daniel Levy. They keep the wage bill down due to an excellent academy/scouting system, turned over a profit in the transfer market and have still came out top 4/champions league finalists. They then invest in building a new stadium to take advantage of a higher capacity and a more modern facility. Spurs just let the other sides chase they short-term dream of trophies, while they invest in the future of the club - while still outperforming many of those sides (Man United, Arsenal, Chelsea).

[@hanklesacks]

bear in mind that the other clubs were way ahead of spurs in terms of infrastructure so they had to focus on the long term if they wanted to be seen as a big club 10-20 years from now

[@tuomassaarinen147]

@@hanklesacks yup, and Chelsea will soon soon face similar problems as Spurs had. Stamford Bridge is now by far the smallest top 6 stadium, which will seriously hinder Chelsea economically in the coming years.

[@hanklesacks]

@@tuomassaarinen147 they have to be wary tho because that sunday league pitch is why they're so effective at parking the pus

[@soludsnak]

Their champions league run this year will help a lot, even if they lose the final they still get paid a huge amount of prize money and broadcasting income.

[@jimtuite3451]

Yeah - and when Poch went six games without a win, the 'project' got thrown in the bin and he was sacked ....Levy is just the same as any other Chairman

[@Krissdafish]

Spurs has an excellent management and a sustainable transfer-policy. One I feel more clubs in England should strive to adopt. I believe spurs has largely been the club which contributed the most players to the english national team, not all of them was neccesarily homegrown or neccesarily play for them today, but still was largely helped to form under spurs. Kane especially is perhaps the only world class player on the national team, someone who can attract attention from the likes of Real Madrid and Barcelona. While I still admire Liverpools transformation, it wasn't cheap. Manchester city can not be criticized for their play, but their achievement was only possible due to their dubious financial practices which has given them the biggest wallet in the league. The pressure on United to reach old heights have forced some expensive, but failed signings. While they might have failed to secure any trophies, they did manage to reach the CL finals, which is in itself must be counted as an achievement for most teams.

[@lachyconway]

Sterling can probably be considered World Class, though being in a team like City certainly helps pad his stats

[@mrsugar2352]

Kristoffer Stalby Harry Kane couldnt lace Tammy Abraham’s boots son.

[@a.m.armstrong8354]

@@mrsugar2352Really?!

[@a.m.armstrong8354]

@@lachyconway Sterling is world class, that's why he's at City.

[@andresfeliciano]

Damn, it’s wild seeing this post-Pochettino

[@a.m.armstrong8354]

Even wilder today! Poch is in the wings, but still one of us. Conte has taken things further, and faster than ever before. It is an exciting time!

[@natsudama4604]

​​@@a.m.armstrong8354?😂😂😂😂😂😂😂

[@heusde6163]

Such a well run, unproblematic club

[@nukespoon]

to say nothing of the effects of the stadium on the area and the shady shit they pulled with the council to get it done

[@unickygtube]

@@nukespoon There is no "shady shit", and the effect on the area will only be 100% positive. Reply with your exhaustive evidence, or what your cousins brother told you down the pub after he read something or other in the newspaper whilst he was on the toilet. I dare you to step up to the plate in this debate and prove your initial point to everyone here. I double dare you. It will not end well for you if you go down this road. Better men than you have poked their head above the parapet, chancing their arm with half baked notions and untruths about the stadium construction project and been torn a new one by people that _actually_ know the full gamut of circumstances around the build.

[@juliansenfr]

Now the only problem is to win something, anything. Or else the plan isn't gonna last because Arab money from other teams is going to come to play .

[@KR-jg7gc]

@@nukespoon the dog has died... now he patts his own ass 🤣🤣🤣

[@jieji3071]

1

[@DavidJohnson-dp4vv]

The Spurs a dynasty. A rich history with Tim Duncan, Manu Ginobilli, and Tony Parker. They missed out on Kawhi Leonard. I missed the good ol' days of David Robinson but even before that they George Gervin. They are the GOAT franchise with best coach.

[@koronahoe6943]

Nice joke, but fuck off mate this is football not basketball

[@Nothing-kz9pj]

Poch is spurs' biggest asset.

[@moneyman64]

No the players are

[@SpartanHoplite360]

Lol

[@opdebb5393]

Sacked

[@chickenjesus5095]

Jose now hehe

[@beantaz3862]

@@chickenjesus5095 How long do you think it takes before Jose resorts to shouting respect around TH Stadium?

[@MildewJones]

this video aged a decade in two years

[@bradleykumala4073]

Tifo now a business finance channel

[@civilservant9528]

Hardly

[@soludsnak]

They've got a whole series on finance already, been doing it since the beginning lol.

[@mannymo1847]

@@civilservant9528 Unless you're well versed in regards to the business world, there's no reason to throw salt.

[@firstbrotherDK]

I learned more about accounting than I've done in business school LOL...

[@robertsambell3402]

these videos are top quality, non-finance savvy people need information like this. Thank you again and again, Tifo.

[@osu5inarow]

Except it's not. The NFL funded a majority of the stadium which allowed Tottenham to return a profit but that wasn't even mentioned

[@imconfused1237]

osu5inarow | Exactly. These videos are horrifically ill-informed. It’s almost comical that no mention is made of the Naming Rights, yet they hilariously project forward ‘debt servicing’ costs. Amateurish nonsense.

[@abbaszaidi8371]

Nothing mentioned on stadium sponsorship deal. Work in progress- but as THFC brand gets a bigger worldwide footprint (Champions League Final etc...) this could push up the sponsorship asking price. In Levy We Trust

[@bunwat223]

Lol

[@SubwayTutorials]

It's amazing for the club! I live in Colombia 3 months a year and I've only seen maybe 2 or 3 people wear a Tottenham shirt in the past 3 years. I arrived here last week and I've seen at least 50+ now! it's amazing what the champions league can do for your club globally.

[@JohnSmith-tp2mg]

ya feel like as time goes on a lotta English clubs will get better and better sponsorship deals as the league keeps putting distance between itself and the RoW

[@eclipse141414]

Lewis GoPro Adventures cool that’s awesome to hear

[@j.m.2875]

Can you do a video on how injuries have somewhat positively affected Pochettino's tactics? This is based on the observation that certain players have gotten injured at certain intervals of the season which gave more previous unfavoured players opportunity to play and prove themselves. This is also observed in matches where forced substitutions changed games positively for spurs. Classic example involve injuries to Mason allowed spurs to play better with Paulinho and Dembele, later injuries to Dier gave us the Mousa Dembele and Wanyama combination, Then injury to Dembele forced Pochettino to p[lay Sissoko in CM, this has drastically improved Sissoko and tottenham play. Injury to Lamela meant that Son would be played more often which resulted in the deadly quadruple of Kane, Alli, Son and Eriksen. Lucas was given a clear chance once Lamela got injured and Son went on international duty, as you can see that Lucas has become an integral part of the team. There are countless examples of forced substitutions during matches that changed spurs games. There is also the impact of those favoured players returning from injuries and affecting our results negatively because they where not slowly or properly reintroduced, this is not just limited to Kane, it has happened with Dier, Winks and Lamela.

[@autonomousthought4106]

it's hard to say that these things have been beneficial though. who knows what would have happened if dembele or kane hadn't been injured at crucial periods, we could have won a title you never know

[@j.m.2875]

@@autonomousthought4106 hi Autonomous, this would be hard to explain but there has been multiple times where Pochettino gets his tactics wrong such as he used to play Lamela ahead of Son and we almost lost Son because of this but Lamela ended up getting injured which insured that Son got his run of games...the same with Lucas although he came with a reputation, Pochettino didn't give a run until some played got injured. The point of my comment is based on the observation that certain injuries has improved Tottenham Hotspurs tactical prowess.

[@j.m.2875]

A great example was when he dropped an inform Son to play the returning from injury Lamela against Juventus.

[@j.m.2875]

Another example is the CL this season, we all know our 3 at the back with Sanchez does not work well but an injury to Jan forced us to play 2 CB against City which changed the completion of the game, fortunately 2nd leg Sanchez was injured which insured that we play 2 at the back. I must also concede that the Llorente for Wanyama was pure genius by Pochettino. It's a difficult thing to see if you are not a Spurs fan and if you don't track everything...

[@j12dn]

Now you watch football.

[@LongLivesteph]

As a junior in business management and HR. This was a perfect fusion of the two

[@ryuzzakibsb]

well said

[@bakalipendame9061]

Everything seems interesting when related to football... even accounting (accounting student)

[@WmG2004]

I did accounting too. I didn't like it much, but I certainly loved this video.

[@bejentle7774]

@@WmG2004 So did you graduate?

[@WmG2004]

@@bejentle7774 Nope. I dropped it.

[@Westhamsterdam]

But Bakali, what happens ef the PL gets its ITV digital moment?

[@nwk-wt3ty]

Arsenal fan here, Poch is a real coach. He has had to work with his hands tied behind his back financially and recruit intelligently whilst mentoring and developing the players he has. That is coaching, not spending half a billion of corrupt Abu Dhabi money to bring in the finished product.

[@Fsquared32]

I am studying accounting and he just gave me a tutorial

[@NostalgiNorden]

Yes but how does this relate to Marcelo Bielsa?

[@denisherlock3023]

This Bielsa jokes is getting stale now

[@rhodigian]

Poch is Bielsa's pupil, andmade all this possible by aplying the teaching of the prophet

[@Liofa73]

NostalgiNorden --- So bored with hearing about Bielsa... Let's hope Leeds choke again, he leaves and we don't have to hear about Bielsa and Leeds ever again...

[@JustRutland]

Dont hate on my boi Bielsa. The guy renovated football into how it is right now.

[@Tifo]

He built the new White Hart Lane with his own hands.

[@andresfeliciano]

I like that “WAGES” was spelled out in Scrabble tiles. No reason, completely random, but I like that detail.

[@willav9267]

Spurs are saving up. And if they beat liverpool, they'll probably splash out due to a huge increase in "club attraction"

[@allthosefriendlypeople0812]

I dont care if its luck or not for tottenham reach a great season this year, they really work very hard, either players or management, to give the best for the club and for their fans and supporter. This is the begining for tottenham to be a big club. COYS, to dare is to do!

[@nsov2546]

aged well

[@a.m.armstrong8354]

@@nsov2546 Has it?!

[@natsudama4604]

​@@a.m.armstrong8354yes 😂😂😂

[@mrboni5]

I know basic accounting and I'm glad I was able to understand this, I feel accomplished lol

[@gustavofring8765]

If you don't know the difference between Capital Expenditure and Revenue Expenditure you don't have basic knowledge of accounting. (Point being you should have known it at the time of reading the title)

[@MashiatCOD99]

​@@gustavofring8765 Look who's trying to show off their knowledge of accounting.

[@Nicolas-pw9eo]

@@MashiatCOD99 😂

[@mrboni5]

@@gustavofring8765 I bet you're the guy in class that finishes the professors sentences without being asked😂

[@ImBarryScottCSS]

Spurs: We made a profit! Jose Mourinho: About that...

[@briankirema8540]

😂😂😂

[@callumbishop1193]

Daniel Levy is shrewd

[@michaelhope8899]

7:58 - Pochettino SHOULD be smiling.

[@khotsodirane600]

Fast forward to 2021 & Tottenham have announced pre-tax losses of £80.2m for the financial year ending June 2021, with total debts increasing from £605m to £706m reported by The Guardian

[@razzledazzle7580]

I have been waiting for this video as i thought it snuck under the radar quite lightly! Is it likely Tottenham will have a bigger turnover than Arsenal for the next financial year of reporting being we reached the final of the champions league and they played Europa again?

[@imconfused1237]

Razzle Dazzle | My friend, believe me, Tottenham Hotspur are about to cast a monumental shadow over Arsenal. They are a club who pumped major money in a desperate gamble to get themselves back into the Champions League. If they don’t win the Europa League, financially they will be bang in trouble. A hilarious £240m wage bill doesn’t pay for itself and - in Arsenal’s case - doesn’t buy you trophies either.

[@brittonnick]

Great vid. I was about to get on my high horse as an Accountant, but your video was very informed.

[@variant2544]

Could you do an update on this video now that it's 2022, the set date to complete loan payments

[@johnlewis9158]

I am wondering if Levy as one eye on the chance that Tottenham may eventually get a NFL franchise which would make Spurs needless to say the richest club in the world

[@imconfused1237]

john lewis | I can tell you, there is more than one eye on that. That IS the end game. ENIC are very keen to cross-fertilise the two biggest sports in the world and, for that matter, both the NFL and Premier League want it to happen because of its mutually benefiting commercial appeal. The idea, is to use the initial NFL deal to land and anchor the sport at Tottenham Hotspur and then ENIC will leverage borrowings against THFC to secure an NFL franchise and host them at the stadium. Think Glaziers, but on a whole ‘nother level. When - not if - it happens, it will turn Tottenham Hotspur into a global super brand with easily the same commercial leverage as the likes of Manchester United. You don’t lobby the NFL for 7yrs unless you have a strategic interest; it just so happens that NFL has the same = perfect marriage.

[@unickygtube]

@@imconfused1237 Excellently put... and by happy coincidence there is a story in the Tottenham area of regeneration and rebirth, and other cultural elements besides, that is feeding with almost serindipitous synchronicity into the tide that is bringing the NFL into Tottenhams orbit. _When_ that happens it will be a sight to behold. Tottenham will then be raiding Real Madrid for _their_ best players. It's that much of a game changer. I kid you not.

[@tullochgorum6323]

Wonder no more - the NFL were directly involved in the design of the stadium. That IS the medium term plan.

[@derekanstey7930]

Don't won't NFL it a football ground of spurs

[@tullochgorum6323]

@@derekanstey7930 You are mistaken - as I said, the ground was designed with the active involvement of the NFL to ensure it could be the joint home of Spurs and an NFL franchise. Watch this space...

[@Zakiakram7]

This channel is like sports university. Love it👏🏽

[@robwalker7575]

Levy is a clever man, the question on all spurs fans minds is...will he be a generous man when it comes to the squad? wages need to be competitive to attract the best talent, and signings ain't cheap. COYS.

[@Ssdorobi]

Seriously everything about This channel is tops. Thanks you for the Channel!

[@2in1soccer]

Great content from this channel again!! You inspire us. Keep it up

[@mohkamaltaha]

Tifo back to Its brilliant best, thank you..!!

[@stephenroderick6970]

Spurs borrowed £637m from Goldman Sachs, Bank of America Merrill Lynch and HSBC for the £1bn project and the money was due to be repaid by April 2022. But through US investors Levy has converted roughly £525m of the debt into a bond scheme, with staggered maturities of between 15 and 30 years.

[@stephenroderick6970]

So Tottenham did not make profit on there new stadium at all.

[@aidanjanemcintosh6919]

I think Spurs also gained a handsome amount from merchandising. My husband visited South Korea few weeks ago and he said he can see more people wearing spurs products such as hat and kit, at least three or four times as much as those who wear other clubs' or even the national team's.

[@guneytopal7076]

yh because Son is from South Korea, it isn't rocket science. Look at how that market fades the moment he leaves the club.

[@SM1963ification]

Corona virus will have screwed this up so much for them!

[@jonathancrichlow5123]

Daniel Levy playing some top notch moneyball. Excellent Content!

[@morry1076]

Only just found your channel recently and have been greatly enjoying going through the back catalogue of vids:) Good work.

[@gerymcknight5943]

Not spurs fans but their business more than we think, smart managing their transfer and developing their own player

[@manuelguimaraes3505]

Absolutely nailed it again. Tifo, you're too good. Admit it.

[@alexburt20]

Chris Wilders Sheffield United tactics? That is a mid table Championship club at best, is how they’ve been promoted is incredible

[@azreenklose7976]

This are one of few KZbin channel that mixed my favourite things and good educational values.....DJ aviation, Chainbear F1 , Business Insider,.... this are all my favourite channel.....and off course.....Tifo Football ......

[@nope2dat]

Another thing to note is that Spur’s stadium is an improvement for hosting events on old Trafford in many ways just as much because of its location. London is a far more attractive prospect for promoters than Manchester acts will definitely stop their on world tours as will exhibition sports events it’s easy to imagine teams like Brazil who Clinton’s to play many of their international games in London switching from the emirates to a bigger stadium if one is available

[@MohdIqbal-vq9qu]

It was a good investment 👍 they have one the latest technologies in Stadium and is really one of the best stadiums . They estimated around 300 M pounds but it costed them more than a billion Pounds so after completion Covid came their audience tickets plus all those canteens everything was empty in Home games . That’s why they didn’t recovered investments so quickly . But the sponsors of Brands and stadium names plus star powers will generate in revenue 👏🏻👏🏻🙏🏽

[@isaiahowens1847]

Don’t forget. Depreciation is a non-cash expense. It reduces net income, but not cash

[@markbarker6739]

Another thing you are missing out on is the stadium opens earlier and closes later food and drink are being sold at a very high amount not cost wise but unit sales fans are welcome to stay and drink after games and there's plenty of drink as the stadium has its own micro brewery on site so are making more money per pint than most and yet it's only as expensive as most pubs in the area so they are selling more the ground is showing the final live on the big screens with food and drink outlets open with should bring in close to £800,000+ for one night it's definitely paying it's way and the naming rights will amount to around £450m so what with that and the money they saved before planing permission was granted and cl success and Wembley profits the stadium is paid for and more left over

[@Scarffo123]

In essence, Spurs managed to build a stadium using future money that they hadn't received yet... very impressive accounting.

[@DemandPL]

Scarffo123 Financing capital investments with bank loans is actually pretty standard thing. And not showing capital expenses in profit and loss statement is basic accounting rule.

[@dovidell]

it's not just one stadium , in effect it's several - football, American football , concert area ,and boxing arena - maybe in the future , rugby will be played there as well

[@edwin7788]

@@dovidell isnt american football and rugby is same thing?

[@dylanroper6446]

@@edwin7788 no

[@odubs360]

I never thought i would ever hear more complex accounting thought simplified like this. HOW SWAY

[@claptonandchill4367]

So tottenham can stash a billion quid off their financial statement but arsenal cant hide 7% to make a decent signing and miss out on the top 4. Cedit to spurs on making such a great stadium and making the champions league without a signing. Thats the difference between levy and kroenke

[@ManchesterUnitedKing]

Good old IAS 16 Property, Plant and Equipment helping Spurs spread the cost of the asset and associated fees relating to it, when the asset is readily available for its intended use. Accounting tingz

[@jedidiah876]

Absolutely brilliant brilliant content exceptionally presented

[@princeataya4167]

I binge watch TIFO . It’s Better, Quality and FREE. 👍🏿👍🏿👍🏿👍🏿👍🏿

[@user-cx4ru3kn4x]

Incredible how well that club is run

[@MrAniks222]

as much as this is laudable . Continuing this level of success will be a humongous challenge once eriksen,vertongen and alderwierld leave on a free next season. To see if they have quality back up or if they could dip into the market for cheap alternatives will be questionable. If they turn into a feeder club like monaco, they would reach great heights once in 3 seasons eventually to end up strengthening their rivals .As much as this has worked tremendously, they will fall hard if they dont pay their players.

[@DarkFriday1408]

Hey there, You make really great videos and i hope that you will be able to keep making them, for a long time to come. I was wondering, would it be possible to also have in the future, videos relating to the financial situation and football/trophy aim, for teams such as Olympique de Marseille, Olympique Lyon, Borussia Dortmund, Wolverhampton Wanderers, Paris Saint Germain, and so on? Keep up the good work!

[@afifhunter1295]

Now they are in debt.... Yelp

[@butzer9388]

video was very well done nice

[@xdgamesCoUk]

That Eliaquim Mangala drawing xDDDDD 4:43

[@bath1968]

What a fantastic and very easy to follow video!!👍 ⚽️COYS⚽️

[@ShaneJoshua1980]

As an Arsenal fan this sickens me, were still suffering effects of building a stadium 13 years on. I love David Dein bit he's like Cameron in a way, he introduced Kronke and then never had to deal with the fallout(admittedly he was sacked.)

[@filiptalimdzioski7281]

Wenger was literally your acountant. He made the biggest bank in England.

[@imconfused1237]

Philipizmo | Bit of a Fred Goodwin then, given that Arsenal still carry £200m of debt relating to the building of Emirates. Supposed to make hay while it shines.

[@nuil501]

Super didactical, very interesting !!

[@JamcamCamjam]

This is a very good video, well done !

[@natalkumar6132]

Jose is the reason they had to go into debt again . Any team which brings in Jose will loose huge money . And he also reaching near his diminishing returns face . If teams wish to do better , they must ban purchase of players more than 70 million a year and youth recruitment and loaning should be a priority.

[@natsudama4604]

Jose is the reason they almost won a trophy, but they love being losers

[@dokkominkyu4101]

Written by 'Kieran' trippier and harry 'Maguire'

[@Hyde_Hill]

General long form on how Tottenham went from a mid table team to top 6 would be really nice. Especially as they did it without a super suger daddy.

[@rudranshu65sengupta14]

Daniel Levy is easily the greatest wheeler dealer the wold of football has ever seen . Whether the club will be successful in winning trophies, even with these profits remain to be seen.

[@tkb4026]

In the thumbnail the builder looks like David De Gea.

[@strideygamingjesters5393]

Nice break down & explanation. Thanks

[@connortraynor1643]

this video was incredible! so well researched

[@Thebearmre7]

Good video but the reason the stadium is delayed was because the construction company mace screwed up the wiring for the whole stadium. There will defo be penalty payments due / legal action. Also the champ league money for reaching the final will be around 90mil so surprised you did not mention that. also naming rights for stadium.

[@saminyead1233]

A lot of Spurs fans keep insulting Levy but I think this video just shows how astute Levy is. Also, we will be having more money to spend in the transfer market boys, God willing. So, no worries! Just pray that we win the Champions League now.

[@saminyead1233]

@Cameron Spears I don't know how much but let's wait for the transfer window to open. I believe there will be a decent amount to spend for a couple of astute signings.

[@saminyead1233]

@Cameron Spears Yes, you made a very important point. This year's Champions League will bring in a lot of money. Let's hope for the best.

[@scottlake92]

Now we have to smash through our current wage structure if we want to compete in the premier league going forward. Poch has stretched it to breaking point in which getting to the CL final is unbelievable. Surely that’s what he alluded to in reason press conferences , he can’t do much else with what he’s got. Hope Levy does the right thing.

[@joshlyons6416]

A really awesome video, thank you!

[@ojn7351]

Great to watch learned alot

[@pakigya]

More money from champions league

[@the_one_the_only4651]

What do you think about the financial issues Spurs will run into due to problems paying off their £1.2B stadium? They aren't getting into the UCL anytime soon to help leverage the debt. Another Leeds?

[@paulbhogal]

you make accountancy so interesting !!

[@brandonimperial5432]

I am skeptical on the 4% interest for the loans seems way too little from American Banks

[@georgiesmith7114]

brandon imperial actually 4% on £565,000,000 for a club that hasn’t made a loss in 15 years is about right

[@costin_ilie]

Spurs are becoming a top top club which can fight every year for major trophies like UCL or Premier League.

[@strangetranceoffaith]

Thanks for this really informative

[@rajaeshwaran3478]

Great work tifo football

[@bluemoon539]

Nice new mic, mate! Crisp voice gets even cripser. SPUDS

[@JD-uh9od]

Awesome. Now that’s how you explain to a guy like me so I get it. 👌👌👌

[@MrDoogy101]

excellent video as always

[@clarkac1]

Very interesting, good stuff thanks

[@hhlt3214]

that was so good and informative!

[@jimbarnes4047]

One sentence needed. Purchase or building of a fixed asset does not affect profit

[@Tifo]

That would be quite a short and boring video - but, yes. - Joe

[@kieranmaguire100]

It does when you start depreciating it once construction is complete.

[@mra1036]

Great video. Good info!

[@juulfien4682]

Can you please do a Club Leon tactics explained from the liga mx. They’ve been really playing beautiful football this league has never seen before.

[@Palestineexists]

Spurs: “We utilize the Tel Aviv School of Economics business model. Make a lot of money and don’t spend any”

[@stevendouglas3860]

I admire spurs on building this high tech stadium. As a Liverpool fan . I'd like us to have one . But moores /parry Totally Mismanaged and criminally run. A club of Liverpool standing should have had a 75000 seater . But , i won't hold my breath - a excuse or four ( small roads , blah blah heard them before ...😭