Metalhead
But that's a debate for another thread.....
- Nov 24, 2013
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It's true although it's been nearly 20 years now so I guess we can't compare forever.
ENIC...
- Thread starter whitestreak
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SecretLemonadeDrinker
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- Jun 30, 2020
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How so? They don't take cash out of the club.
For ENIC, Spurs is a source of capital appreciation, or return on investment, not income. And although I realise that not many want to hear this immediately after a loss, their return on investment depends to a considerable extent on the performance of the team. Things are shit currently, certainly. And Levy (and Lewis) must take their share of the blame, of course. But be in no doubt that they need the football team to be performing well for their financial ambitions to be realised. They will want this fixed. Need this fixed.
Besides which, I don't buy into the notion that Levy, especially, is some kind of unfeeling, avaricious money man who doesn't care in the slightest about the club other than as an investment. It's too easy - lazy, even - to dismiss him thus, particularly after a loss. He does care about the club - deeply, I suspect. He's just not able to show and express it as freely as we are.
thebenjamin
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- Jul 1, 2008
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What would represent a more stable investment for them now -- spending £300M on players or developing the high road?
Well yeah they dont...besides dear leader paying himself more than any other chairman
DiVaio
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- May 27, 2020
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And which other chairman would deserve to earn more than Levy who is good chairman? Amount of money which is relatively very small too.
Ahh, and United owners are paying themselves by dividends.
SecretLemonadeDrinker
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It isn't a binary choice.
Besides which, other than the comparatively minor planning costs, they aren't spending any further money on developing the High Road. As with all other non NDP developments, they will only proceed in partnership with a developer. Spurs will provide the real estate (that they already own) while the developer will cover the development costs. Profits will be shared. Our share will be allocated to stadium debt repayment.
The club has spent some £150m on players this season. That that investment hasn't paid off (yet, at least) has, I suspect, led you and others to forget that there has been any investment at all.
thebenjamin
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- Jul 1, 2008
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Well if you look at this season in isolation, there has been investment. But in truth it was a desperate lunge to pull back the enormous dip in quality that's been allowed to happen over the last 3 seasons. Due to chronic under investment on the pitch, and awful recruitment and contract management. I'm not sure if serial downgrading all over the squad was caused by total complacency or because of being distracted by property projects and just letting the football side of the business run out of control -- but certainly the deterioration of the squad since we finished 2nd in the league has been a masterclass in mismanagement.
SecretLemonadeDrinker
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thebenjamin
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- Jul 1, 2008
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DL should've had the foresight to know he couldn't manage the stadium build and the football club at the same time.
SargeantMeatCurtains
Your least favourite poster
- Jan 5, 2013
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It really fucking winds me up the stick people give Levy. The guy is working within his means. Do you think if we were owned by a hyper rich consortium who actually injected the club with cash, Levy would continue to be as “tight” as he is?
He’s the best chairman in the league and bloody brilliant at what he does. Unfortunately for us and Levy, we are owned by the tightest fucking **** in existence who is yet to realise he can’t spend his fucking money when he dies.
Just to add, that’s not me saying Levy is a saint and guilt-free, he isn’t. But the shit he gets thrown at him at times is absolutely pathetic and out of order.
He’s the best chairman in the league and bloody brilliant at what he does. Unfortunately for us and Levy, we are owned by the tightest fucking **** in existence who is yet to realise he can’t spend his fucking money when he dies.
Just to add, that’s not me saying Levy is a saint and guilt-free, he isn’t. But the shit he gets thrown at him at times is absolutely pathetic and out of order.
SecretLemonadeDrinker
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I know that it's hardly an original thought, but we really need a DoF.
kendoddsdadsdogsdead
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- Aug 29, 2011
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yep, if they really had that as a priority or primary motivation it would’ve happened by now. Money is their one and only motivation. it all starts from the top down.
rossdapep
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- Aug 25, 2011
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I'm fully on-board the exit of ENIC now. This club won't win a single trophy with them at the helm. The message isn't to win, the message is to be ambitious in all aspects other than on the field.
But that may not be the biggest issue. The biggest issue is that even if it was Levy's ambition to win, he wouldn't know how to do it. He lacks footballing strategy - how to build a successful winning club. Ok, fair enough, most non-footballing people dont know......And THATS why they hand the reigns to someone who can do it!
But our dear chairman doesn't want to give over that control, he believes a committee is the best strategy....And how many titles has this committee/ strategy won us??? Exactly!
Now I've been on this side of the argument defending him when bigger teams win because they have more financial power or recent history than us. But when Leicester stroll to a title on a budget team, Wolves carefully and strategically put a decent team together and are challenging for CL in only their second PL season, Chelsea are flying higher despite having a transfer ban and having to play youngsters, or finally Liverpool are showing us how it's done by selling and recruiting smartly despite us being stronger than them, it leaves nothing left to defend.
But that may not be the biggest issue. The biggest issue is that even if it was Levy's ambition to win, he wouldn't know how to do it. He lacks footballing strategy - how to build a successful winning club. Ok, fair enough, most non-footballing people dont know......And THATS why they hand the reigns to someone who can do it!
But our dear chairman doesn't want to give over that control, he believes a committee is the best strategy....And how many titles has this committee/ strategy won us??? Exactly!
Now I've been on this side of the argument defending him when bigger teams win because they have more financial power or recent history than us. But when Leicester stroll to a title on a budget team, Wolves carefully and strategically put a decent team together and are challenging for CL in only their second PL season, Chelsea are flying higher despite having a transfer ban and having to play youngsters, or finally Liverpool are showing us how it's done by selling and recruiting smartly despite us being stronger than them, it leaves nothing left to defend.
kendoddsdadsdogsdead
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- Aug 29, 2011
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they’ll leach off us for years.
SecretLemonadeDrinker
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- Jun 30, 2020
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Genuine question: What do you mean by "leach off us"?
kendoddsdadsdogsdead
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- Aug 29, 2011
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minimal investment in the team, sky high ticket prices, use revenue to build up infrastructure and property portfolio around the ground. There will always be an excuse to put money anywhere but out on the pitch. It’s just who they are. We do things differently here and we have to get over this obsession with spending money.
southlondonyiddo
My eyes have seen some of the glory..
- Nov 8, 2004
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Imagine If Jose is here next season and Kane isn’t!!!
Nowhere for Levy/Enic to hide...
Might be a blessing if there are no supporters for next season as there would be thousands of empty seats most weeks at the shiny new place
Nowhere for Levy/Enic to hide...
Might be a blessing if there are no supporters for next season as there would be thousands of empty seats most weeks at the shiny new place
Yiddo100
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- Jan 16, 2019
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They’ll both be here
southlondonyiddo
My eyes have seen some of the glory..
- Nov 8, 2004
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Shame for Harry
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