The Business End | What Surviving Actually Buys Spurs — PSR, SCR and the Summer Budget

Spurs stayed up so what does it actually mean for the money? Welcome to The Auditors, the new OSoS series on the financial side of Tottenham. In this first episode, Jim is joined by Nick (Corporate Finance) and Ben (Finance Professional) for a clear-eyed look at what survival actually buys us, financially.

They walk through PSR and the new Squad Cost Ratio, where Spurs' headroom sits now (around 54% versus the relegation alternative of 93%), why the headline rise in costs was largely out of the club's control, and the gap between £100m–£230m of theoretical PSR room and the actual cash in the bank. Then the wider picture: how parachute payments would have softened but not solved a relegation, why West Ham are in genuine trouble, the truth about the Macquarie loan and ENIC's £100m capital injection, and the figurehead question hanging over Vinai, Charrington and the Lewis family's separate statements.

Two more episodes of The Auditors follow: modelling the actual summer budget, and how to spend it within the constraint.

Watch the video version on YouTube, and sign up for the free weekly email at ososspurs.com/listen.

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