Why gambling with Spurs future is folly
Big debate going on all morning on Twitter with valid arguments on both sides of course, but why do people have to resort to personal insults? Children not matured yet.
The whole argument is should you gamble or continue on the upward path we are on, following sound business practices.
I, as you know, support Levy and while we have money to spend, gambling is not the option.
Why?
Well everyone assumes if you gamble and buy players you succeed, but there is no guarantee in that. Leeds United tried it when in the Champions League and it destroyed their club. To suggest that can't happen to Spurs is stupid, of course, it can. I bet you Leeds United fans would have said exactly the same thing.
We all want a host of trophies, not just one and need to build a sustainable business to pay the wages that winning trophies regularly demands.
In an ideal world, gambling would succeed, but the leagues are littered with clubs who have tried it at their various levels and failed, some getting relegated when spending to win a league.
Look at the other side for a moment, that downward side, if, Spurs gambled, spent heavily and failed to achieve Champions League football. That is essential for profile, for commercial and sponsorship income, TV and prize money, all the things that actually pay the wages of the players.
Entrance money doesn't.
OK, assuming no Champions League, we then have an unsustainable wage bill we are tied into for the next 5 years. It is inevitable, we then have to tighten our belts. You can't seriously expect a splurge one window and it not to affect future windows with a reduced income expecting the season after.
Does that not takeus back to where we don't want to be, the club with less money in the wrong competition and thus a club. Players will only come to if they can't secure a deal to a Champions League club home or abroad.
If Spurs express an interest to a player, they don't wet themselves and fall over themselves to join, we are not Real Madrid or Barcelona.... yet.
Transfers are paid for by instalments over the term of a contract. Thus our instalment income is subtracted from our instalment expenditure on players and the difference, to our set transfer budget, is what we have to spend. Additional money can, of course, be added to that, but those figures play a big part in what we can spend.
It is why we try to get the best deal on players, the same as any other club buying or selling.
How many gamblers are successful?
How many gamblers fail?
Plenty of fans say we should gamble. Are they right?
The downside is too great to risk.
Failure means stagnation, not growth as we have now, it means going backwards instead of forward. The same fans will still moan because they are jealous of Sugar Daddy clubs and to try and behave as if that is us isn't a sensible option.
What we can afford isn't based on one season. It's a forward projection of income, from which you set budgets, including a wages budget.
Players have contracts for 5 years, thus your wages expenditure must be able to be covered by your budget or you have to reduce it. Success and of course you can increase it.
What you don't do, is increase it to a level you can't afford in the hope that success will mean you can afford it,
That would be illogical, yet it is the advice of those whose money it isn't.
COYS
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