- Jun 28, 2012
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People on here seem to see everything as so black and white. It's either Levy and ENIC don't want to build a stadium and are just going to make as much money out of the club as possible, or poor old Levy and ENIC, they've done everything they can and we'd be in a shiny new stadium already if it wasn't for that evil Archway Steel.
Has anyone considered the possibility that whilst Levy and ENIC may want to build a new stadium (if they could do it cheaply ie the Olympic stadium), they simply do not have the funds in place at present to do it and are therefore very happy to go along with the very slow appeals process? Archway Steel have no chance of winning this appeal. And as i understand it when they lose this appeal they can take it to the European court, where they will also lose. So if they can not win why do they continue to fight?
Whilst it is perhaps too far fetched to suggest Joe Lewis is a secret owner of Archway and is therefore the architect of this continuing delay, it is by no means too far fetched to suggest we would have made them a very low ball offer leaving them with no choice but to fight. Our recent history is littered with examples of us (Levy) trying to get players for considerably cheaper than their true (in the sellers view) worth. Fazzio, Dier are two examples of ones we got and i can name dozens that we did't get. (Schneiderlin, Mussachio, Moutinhio) Or perhaps we never intended to get those players. Just put the story out there to excite fans, a bit like the idea of "we're getting a shiny new stadium and then we'll be able to compete".
Before anyone accuses me of being angry, i am not. I love going to White Hart Lane for every home game and having had my season ticket for 10 years i can attest to the fact that we have progressed massively under Levy and ENIC's stewardship. I will be happy to continue going to the current ground for at least another 3 seasons, athough my gut instinct tells me it will be considerably longer.
However we must always question those that are lucky enough to be running our club and like the fat spanish waiter "i deal in facts" and those below are undeniable;
i) We have made a significant net profit on player trading in the last 4 seasons. With the continued delay in delivery of the stadium this looks likely to continue.
ii) As a club we have fallen further behind the big 5 under ENIC (measured by annual turnover). We will continue to fall further behind until we have a new stadium.
iii) ENIC took the club private (ie delisted from the stock exchange) which allows them to act more freely and report less on the financial performance of the club.
In conclusion, i expect to see the cub sold before the new ground is built and until a buyer is found we will continue to see excuses and delays to the stadium whilst at the same time ENIC will continue to make a handsome annual profit.
Quite a post for your first since you joined earlier. Did this news earlier compel you to join and comment? An interesting slant or take on it.