I am finding that many fans are turning their backs on football, not being able to go to games has made it easier, many are getting out of the habit of going and it will be very easy to stay away once fans are allowed to return.Ĭlubs like Spurs believe that the money is not in the regular match going supporter but in football tourism, big TV revenues and also foreign supporters with money to burn who want to see a Premier League game.īut the attraction of the worldwide TV audience is not just the football, but the razzmatazz surrounding the Premier League, that means full stadiums and once the empty seats start to appear, the product is not so appealing, but La Liga ot the Bundesliga might well be. The answer is pure greed and desperation to be seen as a big club, they and others like them can't seem to see the current situation for what it is, that it is about survival at present not extravagance.Īs unemployment rises so does the anger of football fans when they see spending like this. So why are Spurs suddenly willing to risk Government money, tax payers money to be precise, a debt which being unsecured would be hard to get back on some cosmetic signings that if made will have no great resale value in the case of Ings due to his age. Likewise in a move that will annoy Saints fans, after pleading poverty in signing Pierre Emile Hojbjerg they are suddenly trying to buy Danny Ings, this would cost them somewhere in the region of £40 million plus. Spurs will not be paying his full wages, but they are said to be paying around £20 million over the next 8 months in wages and loan fees. Yet here they are only weeks later on the verge of a deal to sign Gareth Bale a player who is report ably on weekly wage of half a million and who could have paid off Macclesfield's debt from less than two weeks wages.
It is repayable in full next April at a rate of 0.5%, which is low in commercial terms, although Spurs could redraw it for another year.īack in June they said they were “not going to spend rivers of money” in the next transfer window, whenever that opens, and the bank loan will not be used for new players - rather to provide flexibility and support during what will be a hugely testing time." In a week when at one end of the scale Macclesfield Town where wound up for debts a little over half a million were forced into liquidation, whilst at the other end Tottenham Hotspur who only a couple of months ago where pleading poverty and who went cap in hand to the Bank Of England for a £175 million loan to cover running costs from the government’s Covid corporate financing facility lending scheme, which has provided them with the unsecured loan. Speaking to many friends both locally and across the country, I am seeing a large number not renewing season tickets and quite happy to turn their back on the game, even those who have stayed loyal and bought season tickets for a season that they do not have a clue if and when they will get in to actually see a game are disillusioned with the way that some clubs and the game in general is still consumed by greed.
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