Tottenham set to announce whopping profits - why didn’t they shell out on a strikeforce?
by Dexter on October 10th, 2008
| 308 words |
It’s Tottenham’s annual meeting next month and Chairman Daneil Levy is certain to get a rough ride after the club anounced a whopping profit for this year, while the team labour without their two star strikers, both sold for a pretty penny in the summer!
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The Daily Mail reckons that Levy will be lambasted in the annual meeting and claims that:
“Despite Levy’s astuteness and ability to run a profitable organisation, supporters are furious profits have increased in the last two seasons while the team become less successful.
“The fans will question the role of sporting director Damien Comolli, whose position remains under review by the Tottenham board.
“The profits do not even include the £31m Spurs received from Manchester United for Dimitar Berbatov and the £20m from Liverpool for Robbie Keane, and fans are angry they were not adequately replaced.
“Levy received £63m for summer player sales, but spent £68m on David Bentley, Roman Pavlyuchenko, Vedran Corluka, Luka Modric, Giovani dos Santos and goalkeeper Heurelho Gomes.
There is growing pressure on the club to make internal changes after their poor start
to the season. Spurs were beaten at home by Hull City in their last fixture.” (Daily Mail)
At the root of this problem is surely the lines of communication between gaffer Juande Ramos and Sporting Director Damien Comolli. The Daily Mail even claims that Comolli made a pig’s ear of his last minute attempts to bag Arshavin and Milito - two players that would definitely have presented Spurs with additional attacking options…
The essential fact is that although Spurs are financially well off, it means nothing to the fans until they can translate it into decent league form. And right now Spurs’ league form is abysmal.
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Tagged Under: daniel levy, Premier League, Spurs, tottenham
Mark - October 10th, 2008 at 7:28 am
You are all becoming morenegative than the stock market at present. Enough! We do not have sufficient striker repacements so leave it! Maybe if there were some positive articles our luck might change.
H0TSPUR - October 10th, 2008 at 7:53 am
I am currently on a train from Brisbane to Caboolture (in Oz) and I am thoroughly embarrassed with the crap and lies that is spread about our club. comoli assholi is a great human being and an even better spotter of sporting talent! I actually have gold plated replica of Damiens tackle in my bedroom!! I aint even Gay!! As for the signings I don’t think we need a Defensive midfielder just swap what we have got for players that may actually be as good as what we have now some time in the future (or if they featured in a Beano Comic book on some form of drug that made people even with no legs become comparable to Pele). As for when they will come to the mark - who cares - this club defies gravity it can never go down - or is that up?? This club isn’t about making a profit because ‘I, Mr Levy’ am a Spurs fan and my personal fortune doesn’t even come into it. Lets face it what actually would Champions league football do for ‘Our club’? Then we would be on a par with Arsenal and who would want that? Lucky I sacked Jol we were that close, you know!! I have total faith in Ramup - we don’t get on - but we never have at this club, it is what the foundations are built o (that is why we do need another ground pretty quick otherwise I will have start paying insurance) - and I believe I have demonstrated this when i signed a Gooner flop to cause issues for years to come!! You know if a Billionaire comes in I believe all these positives (quoted from my original business plan “Running a sports store has got be easier than football club”) will be wasted by an idealogical view of real success when that is the last thing that this club needs. We have to be strong and believe that the only way forward is be to miserable, hopes dashed, endless false dawns and a true belief that next season just may be!!
Posting Rumors Too Quickly, Slow Down - October 10th, 2008 at 8:16 am
Because we knew the scum in the media and on sites like this would just illegally tap them up again like they did to our previous strikeforce
FOR SHAME
Sidders - October 10th, 2008 at 10:57 am
Growing pressure to make internal changes!!!????….its the Mail for Christs sake…who in their right mind would take any notice of what the Spurs hating Associated newspaper rag has to say about Spurs, look through their last 50 articles about Spurs, they despise us and have an agenda to alienate as many Spurs supporters from their club as possible….ignore them and perhaps they will start an assassination campaign against another club.
HARRY REDNAPP - October 10th, 2008 at 10:59 am
not sure why i read the article…. daily mail…. more rubbish…
JimB - October 10th, 2008 at 11:20 am
Your report, needless to say, is inaccurate. Spurs raised nigh on £80 million from player sales:
Berbatov £31m
Keane £20 million
Kaboul £6 million
Robinson £3.5 million
Gardner £2.5 million
Chimbonda, Tainio and Malbranque region of £14 million
YPLee £2 million
Also, Spurs haven’t announced any financials yet. That’ll be later this month. It is expected, however, that operating profits will exceed £30 million and that turnover will rise to more than £115 million.
As you say, the profit on the Berbatov and Keane deals is not included in this year’s figures. There’s no doubt that Levy, Comolli and Ramos made a mess out of the transfer window. But I don’t believe, as some claim, that it was a conscious decision by Levy in order to cream off profits. It was incompetence, rather than greed, that has left us so lacking in certain positions.
leso - October 10th, 2008 at 1:09 pm
The mail, funny what a banning order can do for your press reports!! WHO CARES!! The management at spurs has put the team back three years So maybe I will lay-off the news for the same time,Seeing as there won’t be any News worth reading till said time has elapsed and Spurs have a team again, Poaching allowed of corse!!
spursman - October 10th, 2008 at 1:17 pm
Are you people not gonna get the fact that we didn’t get new strikers coz mr levy has decided to sell up therefore taking a huge profit with him, he woz never gonna buy a new striker for the club coz he is all about making money, the whole situation is sick & if you ask me the 3 of them are accountable totally (levy, commoli & ramos) i know we keep starting again but i firmly believe we need to this time, a whole new set up with no DoF would be best for our beloved club, me personally i would like to see roy keane take the job on coz he will sort the girls out in the changing room & shut bentleys mouth up straight away, there overpaid & underworked kids & have the audacity to moan to the press when it not going there way!! all the rumours regarding transfers are total rubbish aswell do you honestly think we can compete with the likes of manure & chelski? i dont think so & now with man city in the frame we got even less of a chance & come january we will lose out to teams like wigan unless it changes dramatically on the pitch, maybe we should set our sights a little lower & go 4 dean ashton & a few other hammers players we just need to steady ship & yet again wait for next season!!
Blaze - October 10th, 2008 at 2:32 pm
Nothing wrong with Spurs new signings. The problem is with the overated players still around from previous mangement.
JimB - October 10th, 2008 at 2:57 pm
spursman - you’re talking nonsense. The only way that Levy will continue to grow Tottenham’s value is:
1. If Spurs remain a Premiership team.
2. If Spurs break into the top four and qualify regularly for the Champions’ League.
If Spurs were to be relegated, Tottenham would have to sell many of their players at knock down prices. And the value of the club to potential investors would be slashed. At the moment, Levy could reasonably expect bids of £350 million or more for the club. If Spurs were in the Championship, however, Levy would be lucky to get £150 million.
It is therefore not in Levy’s interests to weaken the team fatally, purely for the short term gain of selling a few players. You can be quite certain that the money raised from the sale of Keane and Berbatov will be reinvested in the team (just as all transfer income has always been reinvested since Levy took over). Spurs tried to make a number of big money signings at the back end of the transfer window but they failed to complete any of them.
So Spurs’ weakness in certain positions is entirely down to incompetence rather than, as you claim, Levy’s greed.
spursman - October 10th, 2008 at 8:30 pm
Jim B.
Rubbish, im not talking about next season he wants to sell now & will make a tidy profit, only problem is nobody is really that interested, we dont have the ground for a start & the hefty price of 500 million is enough to scare potential buyers off, its all about greed which lets face it mr Levy has a reputation for trying to hold on till he gets what he wants, Yes a very good business man but a total fool, he mite be a spurs supporter but he is an incompitant chairman, teams like arsenal & manure have always been around the top coz they dont pull out of a deal if the club want that 2m extra for a player, they just drag there heels then eventually give in & pay the money ie berbatov, whereas Mr Levy just simply says no i aint paying it, we are a million miles away from ever reaching the champions league & i said it before the start of the last 3 seasons & im yet to be proven wrong, we dont have the rite players or staff at our club to progress & the sooner levy does sell up the better & he can take commoli & even ramos with him, Ramos is a waste of time i dont care wot he done for seville he wont be getting near it here, how many european trophys did mourinho win with chelsea? the game is totally ruined now & its nothing like it used to be when players actually loved putting on the shirt & going out on saturday afternoon to give there all, those days are long gone & wont be returning im afraid, i will always love spurs but not the incompitant people running it.