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Author Spurs Record Pre-Tax profits?
Rob_Quads
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Registered: 29th Mar 01
Location: southampton
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11th Nov 09 at 12:13   View User's Profile U2U Member Reply With Quote
Can someone explain how a club can announce record pre-tax profits of 33 million when they have in the last year spend 120 million on players which is WAY more than they would in a normal year.

How have they suddenly made all this 50/60/70m extra money?

Or is this the usual "we don't count the transfer costs because we have spread the payments over 100 years.
Marc
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Registered: 11th Aug 02
Location: York
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11th Nov 09 at 12:14   View User's Profile U2U Member Reply With Quote
Be all the Jewish hand outs.
Nismo
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Registered: 12th Sep 02
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11th Nov 09 at 12:17   View User's Profile U2U Member Reply With Quote
Spurs are good with money and always have been.

Dont forget we made allot in sales this year too.

The new stadium is already funded too
Robbo
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Registered: 6th Aug 02
Location: London
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11th Nov 09 at 12:19   View User's Profile U2U Member Reply With Quote
there will be a record loss next yr, this yr was bolstered by sales of berbatov and keane
Marc
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Registered: 11th Aug 02
Location: York
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11th Nov 09 at 12:20   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Nismo
Spurs are a selling team thats why.

Yep.
Nismo
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Registered: 12th Sep 02
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11th Nov 09 at 12:26   View User's Profile U2U Member Reply With Quote


Least were not like Arsenal and still trying to sell the flats we built on Highbury, thats the real reason they cant buy
Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
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11th Nov 09 at 12:28   View User's Profile U2U Member Reply With Quote
Jewish, Nazi Gold, yadda yadda.
MatthewR
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Registered: 21st Oct 02
Location: Rickmansworth
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11th Nov 09 at 13:13   View User's Profile U2U Member Reply With Quote
nazi gold PMSL
Jules
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Registered: 26th Nov 04
Location: Ipswich, Suffolk Status: Happy
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11th Nov 09 at 14:46   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Ojc
Jewish, Nazi Gold, yadda yadda.


Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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11th Nov 09 at 15:36   View User's Profile U2U Member Reply With Quote
Apparently its down to the sales of Keane and Berbatov which are in this (something like £53m of it).

Actual revenue was down on the previous year.
Rob_Quads
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Registered: 29th Mar 01
Location: southampton
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11th Nov 09 at 22:45   View User's Profile U2U Member Reply With Quote
surely even with 53m coming in, an extra 120m going out means you are still 70odd on players which I am sure is more than thier norm.
Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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11th Nov 09 at 22:48   View User's Profile U2U Member Reply With Quote
This was only up to July time 2008 or 09 wasnt it? So no doubt they have included the transfers in but not any of the big money spent.

Plus transfer money in is treated differently in the accounts compared to that out, so it will often boost the figures where in reality its not the case.
Hammer
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Registered: 11th Feb 04
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12th Nov 09 at 00:35   View User's Profile U2U Member Reply With Quote
They have always been good with their money Spurs as Nismo said. They'll have some creative Jewish accounting on the go.

 
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