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a lot of you may already know that a huge deflationary debt unwinding of financial speculations began in 2008-ish and will continue for 5 to 25 years.
don't sweat too much on players stupid wage demands and other stupid football costs and expenses. just like the price of many many things that were pumped too high by financial leverage and speculation up to 2008, they will slowly (and often rapidly when you least expect it) be unwound.
have a look at football for example.
AIG whose money was partially or more behind glazers and manure went broke.
manure have unfathomable debts.
liverpool are out of money and cant attract players.
chelsea are offloading players to save on wages.
barca couldnt pay their players for a month, and cant sign fabregas unless they sell inbrahimovic.
but who's gonna buy him ?
as described above, very few clubs have the money.
and if they dothey have choices : joe cole, our own pavs and keanes.
dig deep spurs fans, keep shoveling money into our club and pray daniel levy stays a bit focused and reasonable...and give thanks he isnt a stingy alan sugar type.
spurs are looking very very good for the financial conditions currently unfolding...
Nearly all transfers are done on a scheduled payment basis , this is because we are also owed money on transfers out as well as as us owing money on transfers in . This is perfectly normal and our ability to pay is well managed and is amply covered by income streams . Every company in the world has debts but it is the managment of these debts that separates us from the Portsmouths of this world .
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