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Bruno Fernandes at Manchester United

RichieS

RichieS

Well-Known Member
Dec 23, 2004
11,916
16,436
Yanski said:
Under Sugar we signed possibly the best striker in the world in Klinsmann and two stars of the World Cup that year in Popescu and Dumi. All in ONE window. ENIC have remodelled the club for their own gain - every penny for the stadium is either debt against the club or paid for out of profits generated. ENIC have not backed the club at all. It’s now a great asset to sell.

That’s what I mean by the last 20 years but if you want to admire a great business it is then go for it, but I’m more interested in the football club aspect.
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Literally everything about Spurs is better than it was 20 years ago.
 
JUSTINSIGNAL

JUSTINSIGNAL

Well-Known Member
Jul 10, 2008
15,996
48,595
Dillspur said:
I don't think anyone is ungrateful for how we've progressed under Levy, but let's be perfectly clear, ENIC have not paid for anything apart from their initial investment, they haven't paid for the stadium and they haven't plowed cash into the club for player purchases.
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Why should they. They’re an investment company. People just need to accept that.

Man City, Chelsea, PSG owners put their own money into the clubs but for other wholly unethical reasons that have nothing to do with their perceived love of football.
 
sausage

sausage

?
May 17, 2018
11,872
47,993
CantSmileWithoutYou said:
Klinsmann wanted to go.
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Didn't have to immediately sell him for half the cost and then replace him with Chris Armstrong for 3 times the price though :ROFLMAO:

That was Alan Sugar's problem - he succeeding in progressively making us a bit crap whilst spending a lot of money doing it. You could argue that it took ENIC 10 years to recover from the last 3 or 4 of Sugar.
 
daveduvet

daveduvet

Well-Known Member
Oct 6, 2008
5,616
15,236
JUSTINSIGNAL said:
Why should they. They’re an investment company. People just need to accept that.

Man City, Chelsea, PSG owners put their own money into the clubs but for other wholly unethical reasons that have nothing to do with their perceived love of football.
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THIS
 
K

kmk

Well-Known Member
Oct 5, 2014
4,196
28,068
sausage said:
Didn't have to immediately sell him for half the cost and then replace him with Chris Armstrong for 3 times the price though :ROFLMAO:

That was Alan Sugar's problem - he succeeding in progressively making us a bit crap whilst spending a lot of money doing it. You could argue that it took ENIC 10 years to recover from the last 3 or 4 of Sugar.
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Klinsmann only signed for Spurs because Sugar agreed to the inclusion of an exit clause. When Bayern came calling, Sugar couldn’t do anything to stop it.
 
CantSmileWithoutYou

CantSmileWithoutYou

Well-Endowed Member
May 20, 2015
3,872
15,494
sausage said:
Didn't have to immediately sell him for half the cost and then replace him with Chris Armstrong for 3 times the price though :ROFLMAO:

That was Alan Sugar's problem - he succeeding in progressively making us a bit crap whilst spending a lot of money doing it. You could argue that it took ENIC 10 years to recover from the last 3 or 4 of Sugar.
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He did, klinsmann wanted out and tgat was the going rate for 30 year old forwards then.

But Armstrong was shit and no I wouldn't have bought him let alone pay how much we did back then.

ENIC didn't take 10 years to recover from that position, it took 5.

Anyway, back on thread. Really kissed if United get BF. We should have him here now.
 
sausage

sausage

?
May 17, 2018
11,872
47,993
kmk said:
Klinsmann only signed for Spurs because Sugar agreed to the inclusion of an exit clause. When Bayern came calling, Sugar couldn’t do anything to stop it.
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We sold him for half the money we signed him for, after a very successful season (for JK). Either way you look at the deal, it makes Lord Sugar look like Lord Idiot.

Should probably draw a line under it though as its going a bit off topic, and I'll not be looking back on Sugar's calamitous reign wistfully.
 
D

Dillspur

Well-Known Member
May 18, 2004
3,747
9,926
RichieS said:
I think they have chucked a few more tens of millions in via share issues over the years as well. But, really, the only top teams that have owners that have ploughed their own money in to buy things the club otherwise wouldn't have been able to afford are Man City and Chelsea* - and technically Chelsea actually owe Abramovich over £1bn - so I don't think we can really be feeling hard done by.

*Maybe Leicester as well. I have some recollection that next time they get relegated they'll start on negative points due to breaking Championship FFP rules in order to promoted.
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I don't feel hard done by, I'm just getting annoyed with people saying that ENIC have paid for the stadium, training facilities etc etc which they haven't that has been paid for by the club that debt is on the club not ENIC
 
D

Dillspur

Well-Known Member
May 18, 2004
3,747
9,926
JUSTINSIGNAL said:
Why should they. They’re an investment company. People just need to accept that.

Man City, Chelsea, PSG owners put their own money into the clubs but for other wholly unethical reasons that have nothing to do with their perceived love of football.
Click to expand...

See above, I don't have a problem with them not plowing cash into the club, I have a problem with fans saying they have.
 
RichieS

RichieS

Well-Known Member
Dec 23, 2004
11,916
16,436
Dillspur said:
I don't feel hard done by, I'm just getting annoyed with people saying that ENIC have paid for the stadium, training facilities etc etc which they haven't that has been paid for by the club that debt is on the club not ENIC
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Fair enough. For the record I didn't think you were complaining about the way they've done things with how the club is financed.
 
sausage

sausage

?
May 17, 2018
11,872
47,993
Dillspur said:
I don't feel hard done by, I'm just getting annoyed with people saying that ENIC have paid for the stadium, training facilities etc etc which they haven't that has been paid for by the club that debt is on the club not ENIC
Click to expand...

You'd have to look at the full financial picture. It's an incredible compliment to DL if you believe he could finance Hotspur Way, buying all the land around the stadium (which started in the early 00's), plus the industrial estate purchase and build to relocate the businesses, and the private jet company etc. etc. and then also clear all of our debts by 2015 (ref https://www.dailymail.co.uk/sport/f...-guide-Premier-League-s-financial-health.html - by this point, it was a clear site with just Archway left).

The current debt is the stadium build debt, but none of the above is debt or owed elsewhere (the accounts are public access), so if they haven't, it's a phenomenal achievement (in that, I don't believe it is at all possible that ENIC or DL haven't put money in to achieve this).

It's crazy how negative our own fanbase is about it.
 
RichieS

RichieS

Well-Known Member
Dec 23, 2004
11,916
16,436
sausage said:
You'd have to look at the full financial picture. It's an incredible compliment to DL if you believe he could finance Hotspur Way, buying all the land around the stadium (which started in the early 00's), plus the industrial estate purchase and build to relocate the businesses, and the private jet company etc. etc. and then also clear all of our debts by 2015 (ref https://www.dailymail.co.uk/sport/f...-guide-Premier-League-s-financial-health.html - by this point, it was a clear site with just Archway left).

The current debt is the stadium build debt, but none of the above is debt or owed elsewhere (the accounts are public access), so if they haven't, it's a phenomenal achievement (in that, I don't believe it is at all possible that ENIC or DL haven't put money in to achieve this).

It's crazy how negative our own fanbase is about it.
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IIRC, they put £50m towards property purchases. But, broadly speaking, the money for the facilities has come from club revenue and borrowing. ENIC have done well in overseeing the whole process.
 
WiganSpur

WiganSpur

Well-Known Member
Aug 31, 2012
15,987
32,704
Only way he goes to United is if Woodward absolutely melts and meets the asking price that we won't pay. However if Woodward negotiates a fair fee then I can see us swooping in knowing what the price is.
 
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