Date: 18th November 2018 at 1:12pm
Written by:

The Times are running with a March opening date for The New Destination™.

The Harry Hotspur blog ran a piece some weeks ago claiming that a corporate client had been advised that his box wasn’t going to be ready until at least March.

More recently, there was what any half intelligent soul would recognise as a controlled leak – courtesy of the former Spurs man Paul Miller – who was quoted in The Sun as saying that the arena wouldn’t be fit to open its doors until the end of February.

The consequences of all this are blindingly obvious, but let’s not miss out upon an opportunity to recap on the fiasco.

This means season ticket holders have another 5 months of applying for refunds, waiting for the one 19th of their ticket’s value to be issued to their account, and then withdraw the funds into an ordinary banking account.

This also means that more corporate clients are likely to demand straight refunds as they didn’t get the facilities to entertain their clients in that they paid for.

And finally, Pochettino and the team get to watch the attendances shrink every time they play at Wembley.

Great work from quite rightly the highest paid chairman in the division.

Thank goodness under Levy’s auspices we could never be threatened with any sort of insolvency because of colossal debt.

Oh, hang on…

HERE’S THE LATEST VIDEO WHICH IS RUFFLING A FEW LEVYOLOGISTS 

 

0 responses to “Claim Over Stadium Opening Date Looks Accurate”

  1. Is Gascoigne gonna have a crac says:

    Oooooooh…. I get it. The final of this shambles is at Wembley. One big publicity stunt. Its a bit clearer now.

  2. East Stand says:

    If ENIC had said after the bought Sugar out that their ambition was to win one League Cup and us to be Champions League regulars in 17 years time I wonder how it would have been received?

  3. Is Gascoigne gonna have a crac says:

    The commentary on this radio station is truly tragic. Talk about over selling something. 2 set plays. Engineered result again to sell a bollox tournament. That’s one way they fix football, set play organisation. WWE. Nonsense.

  4. Tappaspur says:

    Davies for chigwell?

  5. MrChickenHead says:

    Waite Jonathan don’t go.

  6. Accy says:

    East Stand
    Levy would rather miss out on potentially extra earnings because of what he regards as the risk involved in committing more cash to help the team win stuff. He is risk averse to the point of lunacy. As you say, he could have earned more revenue by backing the side more and probably would have but he’s a dullard. The ‘risk’ wouldn’t have been anything worth worrying about but only 0% risk is acceptable to him and ENIC. That’s why it’s taken them 17 years to make us regular C.L participants, also by accident I might add. No Poch and no Top 4…

    HH is bang right when he says the Chelsea model is the only model that works.

    Sustainable, and with tangible success.

    • Harry Hotspur says:

      I put the graphics up for Liverpool and Everton’s Academies recently and they’ve also had little good news. The difference is that those clubs don’t peddle an Academy Myth to their fans. They buy players.

  7. Harry Hotspur says:

    BONZO FOR ENGLUND!

  8. Harry Hotspur says:

    ‘On my daughter’s life’…

  9. Is Gascoigne gonna have a crac says:

    On the plus side Kane will return even more drained.

  10. Andrew says:

    Why take Rashford off ,unless he needed a piss

  11. Harry Hotspur says:

    England just lost about 60 yards – whilst taking throw ins.

  12. Andrew says:

    Shit, Croatia score and now the blame Harry Kane for not scoring begins.

  13. Harry Hotspur says:

    Kane running about to no good purpose…

  14. PhilBealOG says:

    Great point at the end there H. After all the claptrap from the apologists about Levy keeping Spurs solvent with his penny pinching transfer dealings we now find the club up to their ears in debt due to his extravagances with the new stadium. I believe that several years of top flight European football were lost due to Levy’s past failures in the market and you have to wonder whether saving 5 or 10 million here and there outweighed the loss in revenue from missing out on Champions League football.

    • East Stand says:

      Levy would rather miss out on potentially extra earnings because of what he regards as the risk involved in committing more cash to help the team win stuff.

      He is risk averse to the point of lunacy. As you say, he could have earned more revenue by backing the side more and probably would have but he’s a dullard.

      The ‘risk’ wouldn’t have been anything worth worrying about but only 0% risk is acceptable to him and ENIC. That’s why it’s taken them 17 years to make us regular C.L participants, also by accident I might add. No Poch and no Top 4…

    • East Stand says:

      Levy would rather miss out on potentially extra earnings because of what he regards as the risk involved in committing more cash to help the team win stuff.

      He is risk averse to the point of lunacy. As you say, he could have earned more revenue by backing the side more and probably would have but he’s a dullard.

      The ‘risk’ wouldn’t have been anything worth worrying about but only 0% risk is acceptable to him and ENIC. That’s why it’s taken them 17 years to make us regular C.L participants, also by accident I might add. No Poch and no Top 4…

    • Harry Hotspur says:

      The jig is up, mate, that WAS the metric.
      Levy WAS the safe pair of hands.

  15. Is Gascoigne gonna have a crac says:

    Commentaters are now talking about England like an over encouraging everyone’s a winner parent patronises a child who never wins at sports day. Sad times.

  16. Tappaspur says:

    Was in Lilly white house earlier. (Hope in Tottenham meeting) What a lovely place to study. So modern. Beautiful in there. The old cockerel clock looking lovely. (Do not touch) I kissed it :-). Went up on the green roof. Niiiiice. Good view of the twisty bridge. Only a hand full of workers working on the ticket office. All over actually. No rush at all. Well they have till August!

  17. Is Gascoigne gonna have a crac says:

    Thatl shut them up. England 0 Croatia B team 1.

  18. Is Gascoigne gonna have a crac says:

    Ha! Now its all ‘the evolution of the team’ and the ‘learning’….20 minutes ago they were conquering heroes and all other past England players were green with envy. T w a t s

  19. Andrew says:

    Is it me,or do England play a bit like Tottenham ??? Slow and sideways ,and sometimes one over the top.

  20. Is Gascoigne gonna have a crac says:

    Because the fixtures Utd and Arsenal have been rumoured as possible openers I call more spin on this. We will be at Wembley all season is my guess.

    • paul says:

      We should have to stay at Wembley all season and something’s very wrong if the FA don’t come out soon and say so very soon, otherwise Levy get’s away with another world class piss-take

      • TopBanana says:

        I agree. We need to commit to Wembley, price tickets reasonably and get some atmosphere back in the place. Start a-fresh next season at the new ground.

        Levy’s attitude has been a disgrace. Tickets for southampton game priced cat B. Fans should boycott and send a message to the bald dictator.

      • Harry Hotspur says:

        Scudamore’s departure won’t aid Levy’s relationship with FA.

      • Is Gascoigne gonna have a crac says:

        I’ve no idea how has got away with the mountain of mess he’s caused. We are lucky we ain’t had a point deduction.

  21. Harry Hotspur says:

    Nice tap in from Dier

  22. Andrew says:

    What has happened to the art of crossing the ball to the striker ???

  23. Is Gascoigne gonna have a crac says:

    How many sitters has Sterling wasted today? I’ve listened to about 15 minutes all told and I’ve counted 2.

  24. Andrew says:

    If levy had come out and said two seasons at Wembley, no one would have said anything. Any person who has had any building work done at home probably knows that builders usually over run time wise, let alone a project of this magnitude.
    I’m surprised really, as enic are big into building projects that they thought it would be ready in September.
    But still, nice of the season ticket and corporate to help with the cash flow. It will be immense when ready, but levy has either been naive or planned on using the season tickets and corporate money to fund the stadium.

    • Is Gascoigne gonna have a crac says:

      Exactly. He should av announced in the summer at the latest. Levy knew though, it was never going to be ready in September. This whole thing has been a rinse recoup exercise. No signings, interest free loan from season ticket buyers which they’ve made interest off. Swindle and swag.

  25. Rhys Jaggar says:

    Insolvency….you really need to learn to read financial statements. Just as you need to learn the basics of finance concerning Wembley first season, which will have cleared Spurs twenty five million pure profit minimum. Your twenty two minute video was long on opinion and free of figures. Cost of Wembley first season was twenty million. Sixty thousand at same price per seat as WHL, plus some European sell outs. Do the maths. It was very profitable.

    If you say Glazers loading Utd with debt to fund their purchase is equivalent to an asset backed mortgage you are off your rocker. Utd had massive stadium already, were debt free, cheap tickets, most profitable sports organisation worldwide. Glazers bleed well over a billion in debt charges and dividends, raise ticket prices. They could have done a JV to commercialise, keeping half of profits, become very rich, fans still onside. But no, the mobsters kissed some bankers and screwed the fans. And you say a new stadium is worse than that?

    Twenty six thousand extra people will do what you have done for years to come. Watch live football.

    Stadium economics is as follows. Sixty to seventy million a year extra revenue all in, including concerts, NFZL ec, twenty million extra costs. So if debt service charges are forty to fifty million a year, no extra costs on club from new stadium. Payment is entirely from matchday revenues. Add on stadium naming rights deal as and when to cover uncertainties. You can add community benefits by running morning nurseries in corporate space to help young Haringey mothers if you are worried about community benefits. Play indoor bowls. Etc etc. Host dozens of wedding receptions, business conferences in corporate areas, even embrace that Geezer Hearn and host darts and snooker things if you are really desperate. Rent out boxes by the hour for business meetings. Get creative. Sweat the asset…..

    Reality is that debt will be reduced to service mortgage through stadium revenues. Maybe Spurs will do what Arsenal failed to do and sell Vieira and Henry at the top of the market, when Arsenal lost seventy million by keeping each a bit too long. Yes, Arsenal were a football club, not a business, but debt could have been forty million less and two young replacements found. Five hundred million debt will have service payments under fifty million, so stadium move will be neutral financially at that gearing.

    So assume you must make one hundred and fifty million transfer profits and you will be just fine.

    Of course, you want a new owner at all costs.

    Just remember US owners do not buy a club, they steal one. You fans will pay the banks for the privilege of giving them the club. Through the nose.

    Fancy KSA? A chinese geezer?

    Or will you cream six hundred million for Kane, Alli, Erikssen, Alderweireld, Lloris, Trippier, Dier, a couple more, spend two hundred million on young hungry talent and have a two fifty million debt to service? Generate cash as a new young hungry squad develops to 2024.

    The club is not insolvent and nowhere near it. It has numerous choices, none of which involve the bailiffs.

    You do your case no good by failing to produce detailed financial projections.

    Start producing them.

    And produce real figures of US LBOs, including £30m a year dividends for owners who loaded the club with debt.

    They are not very pretty……even if US is controlling UK media and telling them to turn UK football fans into Americans…..

  26. Rhys Jaggar says:

    Insolvency….you really need to learn to read financial statements. Just as you need to learn the basics of finance concerning Wembley first season, which will have cleared Spurs twenty five million pure profit minimum. Your twenty two minute video was long on opinion and free of figures. Cost of Wembley first season was twenty million. Sixty thousand at same price per seat as WHL, plus some European sell outs. Do the maths. It was very profitable.

    If you say Glazers loading Utd with debt to fund their purchase is equivalent to an asset backed mortgage you are off your rocker. Utd had massive stadium already, were debt free, cheap tickets, most profitable sports organisation worldwide. Glazers bleed well over a billion in debt charges and dividends, raise ticket prices. They could have done a JV to commercialise, keeping half of profits, become very rich, fans still onside. But no, the mobsters kissed some bankers and screwed the fans. And you say a new stadium is worse than that?

    Twenty six thousand extra people will do what you have done for years to come. Watch live football.

    Stadium economics is as follows. Sixty to seventy million a year extra revenue all in, including concerts, NFZL ec, twenty million extra costs. So if debt service charges are forty to fifty million a year, no extra costs on club from new stadium. Payment is entirely from matchday revenues. Add on stadium naming rights deal as and when to cover uncertainties. You can add community benefits by running morning nurseries in corporate space to help young Haringey mothers if you are worried about community benefits. Play indoor bowls. Etc etc. Host dozens of wedding receptions, business conferences in corporate areas, even embrace that Geezer Hearn and host darts and snooker things if you are really desperate. Rent out boxes by the hour for business meetings. Get creative. Sweat the asset…..

    Reality is that debt will be reduced to service mortgage through stadium revenues. Maybe Spurs will do what Arsenal failed to do and sell Vieira and Henry at the top of the market, when Arsenal lost seventy million by keeping each a bit too long. Yes, Arsenal were a football club, not a business, but debt could have been forty million less and two young replacements found. Five hundred million debt will have service payments under fifty million, so stadium move will be neutral financially at that gearing.

    So assume you must make one hundred and fifty million transfer profits and you will be just fine.

    Of course, you want a new owner at all costs.

    Just remember US owners do not buy a club, they steal one. You fans will pay the banks for the privilege of giving them the club. Through the nose.

    Fancy KSA? A chinese geezer?

    Or will you cream six hundred million for Kane, Alli, Erikssen, Alderweireld, Lloris, Trippier, Dier, a couple more, spend two hundred million on young hungry talent and have a two fifty million debt to service? Generate cash as a new young hungry squad develops to 2024.

    The club is not insolvent and nowhere near it. It has numerous choices, none of which involve the bailiffs.

    You do your case no good by failing to produce detailed financial projections.

    Start producing them.

    And produce real figures of US LBOs, including £30m a year dividends for owners who loaded the club with debt.

    They are not very pretty……even if US is controlling UK media and telling them to turn UK football fans into Americans…..

  27. MrChickenHead says:

    Waite Jonathan don’t go.

  28. Tappaspur says:

    Davies for chigwell?

  29. Accy says:

    East Stand
    Levy would rather miss out on potentially extra earnings because of what he regards as the risk involved in committing more cash to help the team win stuff. He is risk averse to the point of lunacy. As you say, he could have earned more revenue by backing the side more and probably would have but he’s a dullard. The ‘risk’ wouldn’t have been anything worth worrying about but only 0% risk is acceptable to him and ENIC. That’s why it’s taken them 17 years to make us regular C.L participants, also by accident I might add. No Poch and no Top 4…

    HH is bang right when he says the Chelsea model is the only model that works.

    Sustainable, and with tangible success.

    • Harry Hotspur says:

      I put the graphics up for Liverpool and Everton’s Academies recently and they’ve also had little good news. The difference is that those clubs don’t peddle an Academy Myth to their fans. They buy players.

  30. East Stand says:

    Benfica have a stadium that is bigger than ours and was built 15 years ago. The Portugese Supaliga has very little global appeal and Benfica have no association with NFL or any of that old fanny.

    Just think about it, without the spending on the team this stadium represents less ambition than a team that plays in a league with comparatively minuscule TV money compared to the Premiership.

    I’m not sure it’s even that impressive an achievement…

  31. East Stand says:

    If ENIC had said after the bought Sugar out that their ambition was to win one League Cup and us to be Champions League regulars in 17 years time I wonder how it would have been received?

  32. East Stand says:

    Benfica have a stadium that is bigger than ours and was built 15 years ago. The Portugese Supaliga has very little global appeal and Benfica have no association with NFL or any of that old fanny.

    Just think about it, without the spending on the team this stadium represents less ambition than a team that plays in a league with comparatively minuscule TV money compared to the Premiership.

    I’m not sure it’s even that impressive an achievement…

  33. Is Gascoigne gonna have a crack? says:

    Oooooooh…. I get it. The final of this shambles is at Wembley. One big publicity stunt. Its a bit clearer now.

  34. Is Gascoigne gonna have a crack?I says:

    On the plus side Kane will return even more drained.

  35. Is Gascoigne gonna have a crack?I says:

    They’re saying England are on the verge of a first major final in 53 years?!? MAJOR FINAL!?? Please stop?? I beg you!?

    The world has gone bananas. What’s happening?? These people are bonkers moronic looneys!

    • Is Gascoigne gonna have a crack?I says:

      Spain B and Croatia B with no Mandzukic, Kovacic or Rakatic, in a nothing competition that is 0 years old. That constitutes achievement now on par with the 66 world cup. We’ve officially gone off the map into strangelands. Engineered balderdash.

  36. Is Gascoigne gonna have a crack? says:

    The commentary on this radio station is truly tragic. Talk about over selling something. 2 set plays. Engineered result again to sell a bollox tournament. That’s one way they fix football, set play organisation. WWE. Nonsense.

  37. Harry Hotspur says:

    ‘On my daughter’s life’…

  38. Andrew says:

    Why take Rashford off ,unless he needed a piss

  39. Harry Hotspur says:

    England just lost about 60 yards – whilst taking throw ins.

  40. Harry Hotspur says:

    BONZO FOR ENGLUND!

  41. Is Gascoigne gonna have a crack? says:

    Ha! Now its all ‘the evolution of the team’ and the ‘learning’….20 minutes ago they were conquering heroes and all other past England players were green with envy. T w a t s

  42. Andrew says:

    What has happened to the art of crossing the ball to the striker ???

  43. Andrew says:

    Shit, Croatia score and now the blame Harry Kane for not scoring begins.

  44. Harry Hotspur says:

    Nice tap in from Dier

  45. PhilBealOG says:

    Great point at the end there H. After all the claptrap from the apologists about Levy keeping Spurs solvent with his penny pinching transfer dealings we now find the club up to their ears in debt due to his extravagances with the new stadium. I believe that several years of top flight European football were lost due to Levy’s past failures in the market and you have to wonder whether saving 5 or 10 million here and there outweighed the loss in revenue from missing out on Champions League football.

    • Harry Hotspur says:

      The jig is up, mate, that WAS the metric.
      Levy WAS the safe pair of hands.

    • East Stand says:

      Levy would rather miss out on potentially extra earnings because of what he regards as the risk involved in committing more cash to help the team win stuff.

      He is risk averse to the point of lunacy. As you say, he could have earned more revenue by backing the side more and probably would have but he’s a dullard.

      The ‘risk’ wouldn’t have been anything worth worrying about but only 0% risk is acceptable to him and ENIC. That’s why it’s taken them 17 years to make us regular C.L participants, also by accident I might add. No Poch and no Top 4…

    • East Stand says:

      Levy would rather miss out on potentially extra earnings because of what he regards as the risk involved in committing more cash to help the team win stuff.

      He is risk averse to the point of lunacy. As you say, he could have earned more revenue by backing the side more and probably would have but he’s a dullard.

      The ‘risk’ wouldn’t have been anything worth worrying about but only 0% risk is acceptable to him and ENIC. That’s why it’s taken them 17 years to make us regular C.L participants, also by accident I might add. No Poch and no Top 4…

  46. Is Gascoigne gonna have a crack? says:

    Thatl shut them up. England 0 Croatia B team 1.

  47. Is Gascoigne gonna have a crack? says:

    How many sitters has Sterling wasted today? I’ve listened to about 15 minutes all told and I’ve counted 2.

  48. Andrew says:

    Is it me,or do England play a bit like Tottenham ??? Slow and sideways ,and sometimes one over the top.

  49. Andrew says:

    If levy had come out and said two seasons at Wembley, no one would have said anything. Any person who has had any building work done at home probably knows that builders usually over run time wise, let alone a project of this magnitude.
    I’m surprised really, as enic are big into building projects that they thought it would be ready in September.
    But still, nice of the season ticket and corporate to help with the cash flow. It will be immense when ready, but levy has either been naive or planned on using the season tickets and corporate money to fund the stadium.

    • Is Gascoigne gonna have a crack? says:

      Exactly. He should av announced in the summer at the latest. Levy knew though, it was never going to be ready in September. This whole thing has been a rinse recoup exercise. No signings, interest free loan from season ticket buyers which they’ve made interest off. Swindle and swag.

  50. Harry Hotspur says:

    Kane running about to no good purpose…

  51. Tappaspur says:

    Was in Lilly white house earlier. (Hope in Tottenham meeting) What a lovely place to study. So modern. Beautiful in there. The old cockerel clock looking lovely. (Do not touch) I kissed it :-). Went up on the green roof. Niiiiice. Good view of the twisty bridge. Only a hand full of workers working on the ticket office. All over actually. No rush at all. Well they have till August!

  52. Is Gascoigne gonna have a crack? says:

    Commentaters are now talking about England like an over encouraging everyone’s a winner parent patronises a child who never wins at sports day. Sad times.

  53. Is Gascoigne gonna have a crack? says:

    Because the fixtures Utd and Arsenal have been rumoured as possible openers I call more spin on this. We will be at Wembley all season is my guess.

    • paul says:

      We should have to stay at Wembley all season and something’s very wrong if the FA don’t come out soon and say so very soon, otherwise Levy get’s away with another world class piss-take

      • Harry Hotspur says:

        Scudamore’s departure won’t aid Levy’s relationship with FA.

      • TopBanana says:

        I agree. We need to commit to Wembley, price tickets reasonably and get some atmosphere back in the place. Start a-fresh next season at the new ground.

        Levy’s attitude has been a disgrace. Tickets for southampton game priced cat B. Fans should boycott and send a message to the bald dictator.

      • Is Gascoigne gonna have a crack? says:

        I’ve no idea how has got away with the mountain of mess he’s caused. We are lucky we ain’t had a point deduction.

  54. Is Gascoigne gonna have a crac says:

    They’re saying England are on the verge of a first major final in 53 years?!? MAJOR FINAL!?? Please stop?? I beg you!?

    The world has gone bananas. What’s happening?? These people are bonkers moronic looneys!

    • Is Gascoigne gonna have a crac says:

      Spain B and Croatia B with no Mandzukic, Kovacic or Rakatic, in a nothing competition that is 0 years old. That constitutes achievement now on par with the 66 world cup. We’ve officially gone off the map into strangelands. Engineered balderdash.

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