Comments on: Financial Flutters

By: oog

oog — Wed, 19 Mar 2008 01:42:15 +0000

He’s an investment banker so he must be right. DEFOE ON THE WING!

By: TobytheYid

TobytheYid — Tue, 18 Mar 2008 17:14:18 +0000

Sorry Ki Ki, am I missing something here?

Our European footie is not guaranteed, so how is Arsenal, Liverpool, Man Utd and Chelsea’s?

I would have thought the size of our fanbase, revenue history and club financial history would stand us in a lot better stead than many other clubs?

Either way, Bagel is right - less money for people means less money to spend on that valuable Spurs branded Loo brush…Getting into debt a la Man utd is probably not a great move at the moment.

Oh, and you are right, Arse did do a wonderful job at financing and building the new Library, but I doubt very much if Arsene was involved.
I fancy getting a season ticket there myself - what with Lily-the-baby-Yid keeping me up all night, I could do with a few hours rest somewhere nice and quiet every saturday

By: 1992Yido

1992Yido — Tue, 18 Mar 2008 16:58:28 +0000

I agree with you Bagel, I dont want to move to some soules ground, im happy with The Lane thankyou.

COYS!

By: The Bagel

The Bagel — Tue, 18 Mar 2008 15:31:02 +0000

I’d be pleased if no one lends us money for a new stadium. The atomsphere in them is rubbish. I understand the negative impact on finance etc but it’s the atomsphere that I love most about football and I’ll gladly stay at a vintage stadium of pride and passion, and who knows football itself must fluctuate with boom and bust. I’d hate to be stuck with a quarter full 60,000 seat white elephant when the football crunch hits.

The Bagel.

By: Hornchurch Yids

Hornchurch Yids — Tue, 18 Mar 2008 15:22:24 +0000

Ki Ki

If I was a street sweeper how would that make you any better than me?

I would like to think that everyone on this blog has not got the slightest interest in who I am or what I do. I certainly hope so. This blog is about Tottenham Hotspur.

For some reason you feel the need to tell the world how great you are. You are just trying too hard. It smacks of desperation.

By: dude

dude — Tue, 18 Mar 2008 13:48:57 +0000

Thanks Ki ki I’ll remember that before I look at the
Daily Mail.
We ” spuds” dont have newsnow,right?
By the way methinks you a closet “spud”
but your glory hunting mentality wouldnt
allow you to come out and say it….

By: Ki ki

Ki ki — Tue, 18 Mar 2008 13:18:57 +0000

That’s not my only satisfaction - I also take comfort from the fact that while all men are created equally, some are created more equally than others, so I can scoff at the little people like yourself.

As for the financial stuff, that’s just for your personal knowledge, I feel I have improved the wealth of knowledge amongst the spuds fans by sharing my knowledge from the job that I do.

Feel free to join in Hornchurch, tell us how you sweep the streets, or are you on the dust now ?

By: Wattson

Wattson — Tue, 18 Mar 2008 11:59:50 +0000

Ahh Ki Ki you’ve done it again. What a life you must lead, when the only satisfaction you get is commenting on Arsenal’s financial security on a Spurs blog. Hearing that you have a triple A rating just makes my blood boil. pffft.

By: Hornchurch Yids

Hornchurch Yids — Tue, 18 Mar 2008 10:49:58 +0000

Ki Ki.

Why not tell us about your last league? 4 points from 12 eh?.

All this financial chat from you is so you don’t have to face the fact that your lot are choking in the final run in.

Last week, you said your work was done here, but within a day or two you are back. And now more nonesense about how wealthy you are. You’ve done this before and it was boring then too.

Welcome back by the way.

By: Ki ki

Ki ki — Tue, 18 Mar 2008 09:47:30 +0000

Good knowledge Bagel, yes, Arsenal, and shrewd Sir Arsene the Wenger managed to tie Arsenal into a deal with an assurance company for funding for the new stadium, that makes the Bonds that supplied the cash for the stadium secured against a S&P’s triple A rating, guaranteed against future season ticket sales.

As Bagel mentioned, this credit crunch is hitting hard, but, it doesn’t mean there’s less people around who want their money to make money, it means that is you are not a prime candidate for borrowing money, there is less chance you will get it.

However, Arsenal’s triple A rating makes them extremely attractive for investors, and our borrowing stands at a comfortable 5 odd %

Other teams like Manchester United don’t have the same triple A rating for their borrowings and are paying up to 20% interest on loans against the club, they would have a triple B rating without assurances and season ticket guarantees, basically, they would be uninvestable.

For spuds to generate cash for their new stadium, if they ever get planning permission, or find a new location (dublin ?), they would also need to go to the market. Without champions league football, indeed without guaranteed european football, the chances of seeking funding as a triple A investment look very slim, and assuming enic will sell the club with stadium and debt, you wont see Joe Lewis paying for the stadium.

I’m afraid the credit crunch is affecting spuds much more than it can affect Arsenal.