Luca Marotta Sunday, January 2, 2011 23:40
During the football season 2009/10, the English professional football club "Tottenham Hotspur Football & Athletic Co. Limited", reaching the fourth place in Premier League earned the right to dispute the preliminary of the Champions League. As we know, beyond the turn of the Swiss with BSC Young Boys, Tottenham took part in the group stage, coming first in its group, ahead of FC Internazionale Milano. Finally, challenge AC Milan in the knockout stages. "Tottenham Hotspur Football & Athletic Co. Limited is a company 100% controlled by" Tottenham Hotspur Plc, which controls a total of 18 companies and prepares consolidated financial statements. Ultimately the controller of the group is the British billionaire Joseph Lewis, through the company ENIC International Limited.
Sport results obtained are the result of good planning and sound management, which certainly falls in the rules established by the regulation of "financial fair play", at least for the period of transition, despite the consolidated financial statements ended 30 June 2010 records a loss of 6.6 million pounds, or approximately 7.8 million euro (considering the exchange rate: € 1 = £ 0.85). This loss broke a streak of three consecutive financial years closed with a useful. In fact, operating at a loss to find a need to go back to the 2005/06 season, which exhibited a loss of 1.6 million pounds (€ 1.9 million). He added that the equity is positive, the cost of staff is well below the limit of 70% of sales net financial indebtedness is less than the invoice. The existing debt is due to the need for financial resources to build the new sports center and for the design of the new stadium.
The consolidated financial statements 2009/10, sales reached a record level of 119.8 million pounds (113 in 2009), approximately 140.9 million euro. In recent five years, consolidated sales, excluding capital gains, rose to 45.7 million pounds (€ 53.7 million), with an increase of 61.6%.
The ticket office in the Premier League has recorded revenue of £ 20.1 million (2009: £ 19.8 million), with the stadium sold out for all home games. For the 2010/11 season there was a waiting list for season tickets of around 33,000 fans. Consider that the White Hart Lane has a capacity of 36,310 seats and is one reason why he started the design process for a new stadium bigger. The ticket office in cup matches has decreased by 16.6% of revenue, due the non-participation in the European Cup and the failure to reach the final of the Carling Cup, due to the elimination, suffered in the quarter-finals by eventual winners of the Cup (Manchester United). In FA Cup, Tottenham lost in the semifinals with Portsmouth at Wembley. Overall, the couple brought £ 6.7 million (in 2009: £ 8.1 million), down 1.4 million pounds. Ticket revenues account for 22% of the total turnover.
Revenues from television rights have risen to £ 51.5 million (€ 60.6 million), an increase of 14.97% (2009: £ 44.8 million). This increase is largely attributable to the premium on reached fourth place in the league (eighth in 2008/09) and the increasing number of games shown. These revenues account for 43% of sales.
income from sponsorship and from the Corporate Hospitality fell to £ 25.8 million (€ 30.3 million) in 2009 amounted to £ 27.4 million (€ 32.2 million). This decrease is due to the lack of participation in European cups. On June 30, 2010, after four years, ended the sponsorship deal with Mansion mesh. The sponsor Mansion has been replaced by Autonomy for the league and the cups for Investec. Puma is a technical sponsor for 2010/11.
merchandising revenues are grew 12% to £ 7.8 million (2009: £ 7.0 million).
operating expenses with the exception of those concerning the management of players' registration rights to benefits, increased by 2.66%, namely £ 94.6 million (€ 111.3 million) to £ 97.1 million (€ 114 , 3 million).
Personnel costs increased by 10.92%, from 60.5 million pounds (€ 71.1 million) to 67.1 million (€ 78.9 million). However, the relationship between personnel costs and revenues, excluding capital gains, amounted to 55.98%. As you can see, this indicator is well below the limit set by the financial fair play equal 70%. Depreciation for tangible fixed assets amounted to £ 2.7 million and other operating expenses to £ 27.3 million.
Operating income, excluding the management rights to the sporting performance of the players, has recorded an increase of 23%, in fact, in 2009/10, is positive for £ 22.7 million (€ 26.7 million), while in 2009 amounted to £ 18.4 million (€ 21.6 million).
The depreciation of the rose of the players is increased by 3.59% from £ 38.1 million (€ 44.8 million) to £ 39.5 million (€ 46.4 million).
The excess of capital gains on the sale of players amounted to £ 15.3 million (€ 17.9 million) in 2009 was much higher result was £ 56.5 million (€ 66.5 million).
Total non-current assets amounting to 239.2 million pounds (€ 281.4 million), marking an increase of 3.21%.
Tangible assets amounted to £ 123.5 million (€ 145.3 million), while in 2009 amounted to £ 103.3 million (€ 121.6 million). This item includes fixed assets under construction for a total of 69.3 million pounds, including land, buildings and planning costs. The latter arrived at the figure of £ 20.4 million and could generate a contingent passive when the new stadium project was abandoned for other solutions.
intangible assets amounted to £ 115.7 million (€ 136.1 million) in 2009 recorded a figure of £ 128.4 million (€ 151.1 million). During the year they were purchased, for a total cost of 37.8 million pounds (€ 44.5 million), players like Peter Crouch, Younes Kaboul, Niko Kranjcar and others. In the same period, they were sold others, including Darren Bent, Kevin-Prince Boateng, Pascal Chimbonda, Gilberto Da Silva Melo, Didier Zokora, for a total fee of 24.6 million pounds (€ 28.9 million) .
after the close of the team was further enhanced with the following purchases: William Gallas, Stipe Pletikosa, Sandro, Rafael Van der Vaart, for a total purchase cost of £ 19.9 million (€ 23.4 million). The supply of Dorian Dervio and Adel Taarabt have instead resulted in revenue of £ 0.9 million.
Current assets amounted to 48.9 million pounds (€ 57.6 million) and a decrease of 17.91%. In particular, cash and cash equivalents increased from £ 19.6 million (€ 23.1 million) to £ 11.3 million (€ 13.3 million), marking a decrease of 42.49%.
Consolidated equity amounted to £ 70.5 million (€ 82.9 million), while in 2009 stood at £ 62.1 million (€ 73 million). The change in net worth was determined by an increase of 15 million pounds of capital, approved in September 2009 for the design of the new stadium and the operating loss of £ 6.6 million, have also been converted into ordinary shares of redeemable convertible preferred stock with a value of 85 000 pounds.
Total non-current assets and current liabilities amounted to 217.7 million pounds (€ 256.1 million) and is down 5.09% over the previous year. Current liabilities amounted to £ 112.5 million (104.6 in 2009) and were up of 7.54%. Non-current liabilities, but are down 15.68%, recording a figure of 105.2 million pounds (€ 123.7 million).
The bank debt amounted to 49.7 million pounds (€ 58.5 million), of which 18 are due within one year. At June 30, 2009, the bank debt amounted to 38.8 million pounds. For Tottenham, there is a line of credit of 55 million pounds (€ 64.7 million) with Bank of Scotland, which is guaranteed by the properties of the London club. In addition, at June 30, 2010, show that the group that controls Tottenham has a liability of the guaranteed debt (loan notes) for £ 25.5 million (€ 30 million) and convertible redeemable preference shares (CRPS) for £ 14.6 million (€ 17.2 million). Trade payables amounted to £ 50.1 million (£ 68.5 in 2009) and concern for most debts for the purchase of players. Accruals and deferred income amounted to £ 36.5 million (€ 42.9 million) and include anticipated revenues from subscriptions and sponsorship they relate to future periods.
The consolidated net financial debt amounted to 64.5 million pounds from the previous year is an increase of 40.45%. The majority of net debt is due to investments in new sports center and the design of the new stadium.
The design of the new stadium Northumberland Project "has been changed, which led to an increase in costs. The increased costs were also caused by the reduction of building area for residential use. Since the project is awaiting the final go-ahead by the competent authorities in London and increased costs is around £ 50 million, the trustees of the London club have looked around and took into account the possibility of taking management of the new Olympic stadium in London. This possibility has generated much controversy, especially among the fans. The new center
Sports should be operational for the season 2012/2013.
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