pfim
Player Valuation: £35m
They're not claiming anything. They built a stadium and it had a value of 1 billion or whatever. That doesn't hit their Income statement, let alone the PSR calculation.
They expense the stadium over 40 years. That 40 years of expenses is added back to the PSR calculation.
There's no double counting, which I think it what you're suggesting.
They spent 1 billion on the stadium and it's not part of the calculation, full stop.
Terrarian
Player Valuation: £50m
It's looking like it. It has to stop, it is ridiculous. Only ones benefitting are the ones already extremely wealthy and who dominate all the competitions. Games gone to crap.
i don’t
There's a few claims made that are jumbled together. Without reviewing Spurs' books I'll make a few brief responses here.
1. Stadium build costs are usually excluded from PSR; I don't know what Spurs books and PSR reviews look like, but this is the standard
2. We know that Levy was holding down operating costs when building NWHL (or whatever it's called); not sure if this was for the benefit of PSR, but less costs = PSR benefit
3. Everton were not charged on stadium costs, but loans used for stadium costs that were alleged inappropriately booked/reported; without getting into all of that again, it's not as though Everton have a different set of rules applied vs Spurs (*again, not getting into all of that)
4. All assets are depreciable, that's not anything new; depreciation begins from when the asset is purchased/built, etc; you can't depreciate construction, you depreciate what you own. there's not secret advantage or loophole here.
5. Not sure what old Everton accounts show, but once you depreciate an asset you can't depreciate it again; a 125 year old stadium has fully run out its deprecation; the Park End rebuild in 1994 for £1.3 million would have been depreciated over a fixed term, but those are likely to be the last depreciable* assets on the Everton accounts, lawnmowers notwithstanding
So to suggest that Spurs are exploiting a loophole is probably ignorance or maybe bias, but there's no actual evidence for this, even if you disagree with the PSR deductions held against Everton
*depreciable stadium assets, I'm sure the club has lots of depreciable assets
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Grateful to you all for your responses.
Learn so much on here, everyday is a school day!
UTFT and respect to those taking time to reply.
NeilMorepies
Player Valuation: £1m
Can’t understand why a football club would be spending anything on building a stadium.
I thought they were all built by “third party” companies set up specially for the purpose, who raise the money, build the stadium, and rent it to the club for an unfeasibility long length of time. They deal with maintenance and day to day running of the club, leaving the football clubs finances completely separate and focussed on playing football.
Or am I just an idiot? (Don’t answer this one)
I thought they were all built by “third party” companies set up specially for the purpose, who raise the money, build the stadium, and rent it to the club for an unfeasibility long length of time. They deal with maintenance and day to day running of the club, leaving the football clubs finances completely separate and focussed on playing football.
Or am I just an idiot? (Don’t answer this one)
The stories I culd tell re the "venture" certainly bear(bare!?) that out
! Just exponentially worse for Everton than us uglykidjoe1982
Player Valuation: £500k
If they are saying the stadium depreciates by £72million a year and it’s worth, say, £720 million. Does that mean I can have it for free in ten years time?
Tony’s Carp
Player Valuation: £40m
If there’s one thing Everton fans should know it’s to be very wary if Spurs let you have something for free.
Totally agree, if you do wrong and are caught you start the following season with the deficit, if that’s the punishment. At least everyone knows where they stand and what needs to be done over the course of 38 games.
Tony’s Carp
Player Valuation: £40m
I've never understood the rush to punish breaches the following season - the teams that have arguably suffered the greatest disadvantage are the relegated teams and they aren't in the league the next season to get a corresponding advantage from the punishment. It's every bit as logical to just punish at the start of the following season.
Why are Luton getting such a leg up this season when they weren't in the league in 22/23? The hurry, and the resulting chaos, don't make sense.
pfim
Player Valuation: £35m
Or you just set a spending limit for each club before the season and refuse to register any player that exceeds that.
This lookback thing creates too much uncertainty.
Tony’s Carp
Player Valuation: £40m
Oh yeah, absolutely. Prevent don’t punish.
Moderatelywarmwater
Player Valuation: £8m
A lot of time for this. If the PL had done this, Moshiri wouldn’t have put us on the brink of administration
bluenorthwarrior
Player Valuation: £6m
Not suggesting Spurs are doing anything wrong but a question for some of you who clearly know more about accounting than me - if Spurs are depreciating 72m per year, but not paying that off the debt are they effectively able to boost their other spending allowance under psr?
What about the stadium debt, whilst not relevant to psr but can you depreciate an asset whilst still owing more than you depreciate?
What about the stadium debt, whilst not relevant to psr but can you depreciate an asset whilst still owing more than you depreciate?
