ENIC...

[olliec]

The single attribute Levy seemed to have was Spurs being a well run club. Never bought into “he always has Tottenham’s best interests at heart”. He’s only been focused on raising the value of investments. That’s become apparent and crystal clear now.

The past 2 years since our Champions league final failure his brain seems to have completely melted and it’s been one catastrophic decision after another. Zero faith in anything he does now. How does someone like him mend the chord that’s been broken with the fans that love this club? Don’t believe he can.

He’s a total fraud and can happily say on cam that he has the club and fans best interest at heart which we all know he doesn’t. He has joes best interest at heart by raising the value of the club with the minimal amount of investment on the pitch because us fans love our club and support it through the good and ugly. Truth is if he really has the clubs best interest at heart we would of never of gone two whole transfer windows without a single player. I refuse to believe Poch didn’t want any new players to refresh the squad. Joe and him are absolute leeches and they know us fans will never stop supporting our club so why do they need to change?

 

[spids]

I get the impression that Levy is looking at Covid and thinking how careful we have to be, and is focussed on being a 'responsible custodian' of the club. I imagine he will feel gutted that Covid, and the loss of revenue, has set up back 5 years at a crucial time. Instead, he should be considering what an opportunity this is. All clubs have been hit hard. Real, Juve, Barca, Inter etc. are all struggling financially, as will (most of) our domestic rivals. If Levy can fill the stadium and get fans spending as they were before the pandemic AND get back in the CL we will be in a much healthier position than other clubs due to the massive revenue our stadium can generate. Hopefully he will be able to see this opportunity and take calculated risks.

 

[dudu]

From recent discussions it sounds like the stadium debt/income is completely separate from player transfers. If we keep operating on a player sales -> reinvenstment strategy we'll be right back to midtable with the likes of Southampton for the considerable future. You need to invest to compete.

What money was used to fund the last 3 transfer windows?

 

[Wine Gum]

Some would be partly accounted for by the additional long term debt taken on. To state the obvious, incoming transfers are funded from cash flow generated by club income and outgoing transfer fees. Those transfers are paid in instalments both ways but club income has not been fully generated during the lockdowns to fund some of these payments due. That’s partly why the BOE loan was taken out to keep cash flow sufficient to pay all bills due for both previous transfers and the current running costs of the club such as wages.

 

[hellava_tough]

I get the impression that Levy is looking at Covid and thinking how careful we have to be, and is focussed on being a 'responsible custodian' of the club. I imagine he will feel gutted that Covid, and the loss of revenue, has set up back 5 years at a crucial time. Instead, he should be considering what an opportunity this is. All clubs have been hit hard. Real, Juve, Barca, Inter etc. are all struggling financially, as will (most of) our domestic rivals. If Levy can fill the stadium and get fans spending as they were before the pandemic AND get back in the CL we will be in a much healthier position than other clubs due to the massive revenue our stadium can generate. Hopefully he will be able to see this opportunity and take calculated risks.

I probably agree with most of this and fair play to Levy for thinking that way.

His failings have always been on the footballing side of things; 20 years in and we haven't really been able to establish a philosophy and system at the club that makes the transition between different managers, and different players, a smooth process.

When success is built on success, it's usually done in a cack-handed way of selling a star asset, buying a bunch of players, some work out, some don't, but gradually the extra value injected into the team is realised. It's worked getting us from mid-table to 3rd/4th/5th (on average), but it's not very efficient.

My personal opinion...

Levy has taken us as far as he can and he's reached the limit of his competence level. It's one thing to compete with other clubs to get EL football, it's another thing to compete for CL football or PL titles.

He's a smart guy, but I think in essence he's a Chief Financial Officer who happens to be running a multi-billion pound business, not really an elite level CEO.

And it's starting to show.

 

[spursfan77]

Man U's Q3 financial results released today. Might be worth a read through to see how our financials are comparatively hit by cover.



One thing I did see was this, does anyone know if our loans are in pounds or dollars, as I know we did some borrowing from banks in the US???

#MUFC interest went from £18m payable in 2020 to £18m receivable in 2021, a favourable movement of £36m. This was largely due to unrealised foreign exchange gains on the club’s debt, which is denominated in USD. This reverses a similar sized loss in the prior period.

 

[Blockbuster]

What I love about this thread is, all the Levy Lovers, always neg rep anyone who dares speak out against their dear leader, its very funny

Can't wait for our financial results .... oh and 9 weeks, no manager. only Daniel Levy.

 

[spursfan77]

What I love about this thread is, all the Levy Lovers, always neg rep anyone who dares speak out against their dead leader, its very funny

Can't wait for our financial results .... oh and 9 weeks, no manager. only Daniel Levy.

Are there any of those left?

Cant be.

 

[Gassin's finest]

What I love about this thread is, all the Levy Lovers, always neg rep anyone who dares speak out against their dead leader, its very funny

Can't wait for our financial results .... oh and 9 weeks, no manager. only Daniel Levy.

Bet it was A&C...

 

[Blockbuster]

Bet it was A&C...

haha typo!

but yeah... as expected the happy clappers rating my post as spam ..i see you... you see me...

 

[Danfunkel]

Are there any of those left?

Cant be.

Thing is, the majority of the anti levy lot will tar you with the BSoDL brush if you even have anything remotely positive to say about the geezer, or how the club is run.

Do I think he's done a remarkable job in transforming the club, facilities, and commercial side enormously? Yes absolutely.

Do I also think it's time for him and ENIC to seek a buyer and recoup their investment, because they've taken us as far as they can? Again, yes, absolutely.

See, it can work both ways.

 

[dontcallme]

Are there any of those left?

Cant be.

I think there are around 2 posters who are still extremely pro-Levy/ENIC. I don’t think Levy is the devil or things have all been bad under his leadership, in fact we have seen lots of progress in many areas, but I no longer trust his judgment or ability to step away enough to allow people to do their jobs.

But why some are constantly trying bait the other side, that is practically non-existent, is beyond me.

 

[Wheeler Dealer]

I doubt if ENIC have invested anymore than £100m of their own money from the day they owned the club until now. All player transfers and infrastructure has been either paid for by cash generated by club or loans guaranteed against the club. I suspect if ENIC walked away from the club, they potentially could make £1.5bn on personal investment of £100m, which is a fantastic return.

 

[hellava_tough]

I think there are around 2 posters who are still extremely pro-Levy/ENIC. I don’t think Levy is the devil or things have all been bad under his leadership, in fact we have seen lots of progress in many areas, but I no longer trust his judgment or ability to step away enough to allow people to do their jobs.

But why some are constantly trying bait the other side, that is practical non-existent, is beyond me.

I think he's a pretty decent bloke to be honest, especially compared to other owners.

I just think he's out of his depth with the footballing side of things.

 

[Shadydan]

I think there are around 2 posters who are still extremely pro-Levy/ENIC. I don’t think Levy is the devil or things have all been bad under his leadership, in fact we have seen lots of progress in many areas, but I no longer trust his judgment or ability to step away enough to allow people to do their jobs.

But why some are constantly trying bait the other side, that is practical non-existent, is beyond me.

It shouldn't be about sides which some people have turned this into, obviously there are some that are more tolerant of ENIC than others but but if you try and least see things objectively and try to understand and explain the thought process behind decision making you'll see as a happy clapper or Levy lover, bit mental if you ask me.

 

[spursfan77]

I doubt if ENIC have invested anymore than £100m of their own money from the day they owned the club until now. All player transfers and infrastructure has been either paid for by cash generated by club or loans guaranteed against the club. I suspect if ENIC walked away from the club, they potentially could make £1.5bn on personal investment of £100m, which is a fantastic return.

I’ve no problem with them making money. But they should know when it’s time to go for the sake of the club rather than the sake of their bank accounts.

 

[Stamford]

If they put as much thought and planning into the football as they did on the property and infrastrcuture we would be asboltuely fine. They've done an impressive job up until a couple of years ago but this summer is a mess.

 

[TheAmerican]

 

[SirNiNyHotspur]

In good company in between the Glazers and Ashley ... ?

 

[Gassin's finest]

I doubt if ENIC have invested anymore than £100m of their own money from the day they owned the club until now. All player transfers and infrastructure has been either paid for by cash generated by club or loans guaranteed against the club. I suspect if ENIC walked away from the club, they potentially could make £1.5bn on personal investment of £100m, which is a fantastic return.

It's almost as if that's their business. What with the word being in the company's name.