Nick Real Deal
Vital Football Legend
900 or 700 , still a lot of money to lose.
I read that Joe Lewis just lost over 900 million not related to Spurs. Down to currency changes I think. But that is not music to my ears if risk and bravery is being asked for by Poch.
There is some deadwood and unhappy players to get rid of plus whatever is ring fenced for transfers to spend. Some of the Poch signings have not lived up to expectations so if big money was given , some of them will be flops too, potentially. That's a risk, or Poch leaving because he can't get the money is a risk.
I don't think it was a good idea going public with it. Levy is not the type to hold a gun to his head.Discuss it privately yes for sure .
City and United will be hard to leapfrog, Liverpool will be in the mix. Chavs and arse will have new managers with money. Anything we spend will only keep us in touch. I doubt it will drive us forward. So the risk to Levy is spend big and see us remain where we are or slip back.
If Levy said we will spend on a new project but don't expect instant results ok. But CL is the financial key. The risk of no CL for a couple of seasons could be the outcome.
I would invest in potential, not ready made, proven and expensive players on big wages. We can't
Outgun the mancs or chavs. I don't see it as simply spend more, it won't happen.
In the past year due to currency fluctuations.When was that loss incurred? I recall something about him getting caught up in the Bear Stearns blow up in 2008 but nothing recent.
In the past year due to currency fluctuations.
It's a reduction on his intangible net worth based on currency movements - he is still worth over £4 billion - he's been on a steady upwards run of asset values for the last 6/7 years, so as he was/is a massive currency trader, it's no surprise that someone like him should book the occasional loss.
Chances are he's already made most of those losses back.
Either way, I can guarantee you it will have absolutely no effect on what the board of Spurs do next (which for clarity, he is not on and not an executive of).
That's what I thought. How can this even be relevant if it's an exchange rate calculation based on his hard assets.
Mental game. What a day. What a night.
Absolutely fantastic fitting end to the season.
After yesterday I have taken the pledge and a summer of alcohol free will now ensue.
Above the bin dippers, chav's and le arse ; love it, love it love it. Dreams are made of this, now the next dream will come.
An alcohol free Sober Summer eh?
Should be easy in England as you only have one day of summer.
I agree, I've posted elsewhere that I believe we will spend £150m plusAfraid he does mean financial risks; spending two, possibly three seasons spending in one window.
Prices have of course gone nuts again and proven talents are commanding massive fees and huge contract deals...perhaps 30-40% up on just two years ago.
I believe he'll be backed, and that's not a statement of blind faith that's with the knowledge that Levy has made it clear to those that matter that he recognizes a tipping point.
I believe he'll be backed, and that's not a statement of blind faith that's with the knowledge that Levy has made it clear to those that matter that he recognizes a tipping point.
I agree, I've posted elsewhere that I believe we will spend £150m plus
GrossNet or gross?
Without Dembo/Toby sold our outgoings can command 100-130.
Thats why we had always been short as i had mentioned many times. Levy's idea of investment in the team is via selling a player whom we hv groomed and increased his value substantially and use part of that proceed to punt on young players again. Hence, we r perpetually rebuilding.Then how do we improve Raphael?