Yiddo100
Well-Known Member
- Jan 16, 2019
- 9,925
- 52,118
Why not?
New Stadium Details And Discussions
- Thread starter fozzi44
- Start date
- Oct 17, 2006
- 10,705
- 25,290
Yes, but isn't the club owned by ENIC? In other words, the money earned going to club goes to ENIC by default
No because ENIC don’t take a dividend out of the club. Haven’t since 2009.
Ron Burgundy
SC Supporter
- Jun 19, 2008
- 7,746
- 23,425
Exactly
Ron Burgundy
SC Supporter
- Jun 19, 2008
- 7,746
- 23,425
So every transfer fee we receive, every gate receipt, sponsorship...it all goes to them does it?
ENIC may be the owner but they’d need to dividend the money out and I can’t think they’d do that
- Oct 17, 2006
- 10,705
- 25,290
I was just asking a question. I am ignorant of these issues and was stating what I believe was correct. Obviously you know the true position, however you can divulge it without sounding so condescending.
- Oct 17, 2006
- 10,705
- 25,290
Thanks for the clarification @coys200
Ron Burgundy
SC Supporter
- Jun 19, 2008
- 7,746
- 23,425
Sorry, didn’t mean it to come across like that
carmeldevil
Well-Known Member
- May 15, 2018
- 7,677
- 45,998
- Oct 17, 2006
- 10,705
- 25,290
No prob
spursgirls
SC Supporter
- Aug 13, 2008
- 19,337
- 40,097
Gary Mabbutt told me this, so unless he's wrong..........
He said it applied to any gigs, boxing matches etc.
Lilbaz
Just call me Baz
- Apr 1, 2005
- 41,363
- 74,893
We created a seperate company to build the stadium. How it all fits together other than that i don't know.
You’d basically be saying that everything outside football events which would include NFL would be going into a separate pot. That could as much as £50m. I can’t see anyway they’d get away with that. There are cleverer people than me that are all over the financials. I’m pretty sure I’ve even heard levy say the stadium was designed to create the extra revenue on top that was the whole point.
davidmatzdorf
Front Page Gadfly
- Jun 7, 2004
- 18,106
- 45,030
As several people have said, ENIC are shareholders, so unless the club were to pay them a dividend out of annual profits, they don't "take money out of the club". They haven't taken a dividend for years - someone said 2009 and that may be the right date, I don't know.
ENIC's business model is not revenue-based - they don't milk their assets for cash. Their objective is long-term capital growth, hence "English National Investment Company". They buy an undervalued asset, or one where they think improved management can add value, then they invest in it over the course of many years to increase its value.
Eventually, when they think they have added the maximum possible value per year of ownership, they might decide to sell at a profit. But they don't generally take cash out of their investments in the meantime.
ENIC's business model is not revenue-based - they don't milk their assets for cash. Their objective is long-term capital growth, hence "English National Investment Company". They buy an undervalued asset, or one where they think improved management can add value, then they invest in it over the course of many years to increase its value.
Eventually, when they think they have added the maximum possible value per year of ownership, they might decide to sell at a profit. But they don't generally take cash out of their investments in the meantime.
Ironically, one of the shareholders of ENIC(well in his family trusts name) is the highest paid chairman in the Premier League.
Lilbaz
Just call me Baz
- Apr 1, 2005
- 41,363
- 74,893
No he isn't. Woodward for one gets paid more than him.
slartibartfast
Grunge baby forever
- Oct 21, 2012
- 18,320
- 33,955
And I cant think of a chairman who has done more for their club than Levy so he probably should be the highest paid.
Maybe the guys at Man City and Chelsea but thats a different game altogether.
Think most of those with arse ache have only been following Spurs since Jol/Redknapp era and dont remember how far gone we were.
Edit, not having a pop at anyone. Only read last 3 or 4 posts
Maybe the guys at Man City and Chelsea but thats a different game altogether.
Think most of those with arse ache have only been following Spurs since Jol/Redknapp era and dont remember how far gone we were.
Edit, not having a pop at anyone. Only read last 3 or 4 posts
I might be wrong on this but I think the season levy got £6m was a one off as included some kind of bonus and last season he was back down to £3m. Obviously a very nice salary but probably in line with CEO at major companies with a revenue of £400m+. And in the big picture peanuts to the £500m odd he will make when the club is sold.
