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vegassd

The ghost of Johnny Cash
Aug 5, 2006
3,356
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Lewis won't want to see a £1bn asset completely disappear from the balance sheet. He will prop us up one way or another. I'm confident of that.
I'm not so sure of that myself. I think a large chunk of the Tavistock portfolio is in the hospitality sector which has been taking as much of a battering as sports, and he will be just as keen to keep those businesses afloat as Spurs. The difference being that as a club we have lots of very saleable assets (in the form of players) and in terms of football revenues we will only be waiting on the UK gov for approval to play rather than the number of factors required for hospitality eg. travel restrictions, distancing, disposable income.

So I agree that he won't want to see Spurs go broke, but I think they will try and find survival "from within" as it where before he would inject his own cash. It's been the ENIC philosophy from very early on so I would be really surprised to see him dip into his pocket now. And even though the guys rich as fuck I imagine he has a lot of tough decisions to make across the group.

And I'm actually not against that idea myself. I like the notion that we are a self-funded club rather than owned by a sugar daddy and if we continue to see that principle work in the current situation it will feel more empowering. Of course if it gets bad enough that we do look like going broke I'll be in the chorus of people calling for his personal investment.
 

Timbo Tottenham

Well-Known Member
May 7, 2006
2,261
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I see there’s a film crew using the stadium for scenes from “Gangs of London “ tv series. So we’re still earning something from it. I assume we’re not charging the NHS for their use.

Where have you seen this? I work in the industry, in the Location Department and I can assure you that there is no filming going on at the moment.

Although The stadium is registered with one of the main location agencies and I know that it has been scouted for some major Hollywood films (whether it gets selected or not is another question...).
 

thekneaf

Well-Known Member
Jan 18, 2011
1,933
3,878
Or having wages at 39% of revenue was prescient, the bubble was going to burst or deflate anyway so in a way Levy has always been building in contingency for an event like this, albeit not as potentially serious as this. I'm not trying to troll people who dislike ENIC by pretending Levy is a genius, but one criticism of them and him has always been how conservative he's been with finances. Not spending when we feel we needed it, but also not selling cheaply. Those sound like ideal attributes in the short term.

Fans of other clubs thinking we'll sell kane cheap for liquidity are wide of the mark, personally I'm actually less worried about him leaving this summer now as Levy will still say £150m plus please and no one is doing that this summer.
 

Metalhead

But that's a debate for another thread.....
Nov 24, 2013
25,357
38,298
Or having wages at 39% of revenue was prescient, the bubble was going to burst or deflate anyway so in a way Levy has always been building in contingency for an event like this, albeit not as potentially serious as this. I'm not trying to troll people who dislike ENIC by pretending Levy is a genius, but one criticism of them and him has always been how conservative he's been with finances. Not spending when we feel we needed it, but also not selling cheaply. Those sound like ideal attributes in the short term.

Fans of other clubs thinking we'll sell kane cheap for liquidity are wide of the mark, personally I'm actually less worried about him leaving this summer now as Levy will still say £150m plus please and no one is doing that this summer.
Hard to disagree with that.
 

thebenjamin

Well-Known Member
Jul 1, 2008
12,166
38,546
Where have you seen this? I work in the industry, in the Location Department and I can assure you that there is no filming going on at the moment.

Although The stadium is registered with one of the main location agencies and I know that it has been scouted for some major Hollywood films (whether it gets selected or not is another question...).

It was last year
 

Metalhead

But that's a debate for another thread.....
Nov 24, 2013
25,357
38,298
I'm not so sure of that myself. I think a large chunk of the Tavistock portfolio is in the hospitality sector which has been taking as much of a battering as sports, and he will be just as keen to keep those businesses afloat as Spurs. The difference being that as a club we have lots of very saleable assets (in the form of players) and in terms of football revenues we will only be waiting on the UK gov for approval to play rather than the number of factors required for hospitality eg. travel restrictions, distancing, disposable income.

So I agree that he won't want to see Spurs go broke, but I think they will try and find survival "from within" as it where before he would inject his own cash. It's been the ENIC philosophy from very early on so I would be really surprised to see him dip into his pocket now. And even though the guys rich as fuck I imagine he has a lot of tough decisions to make across the group.

And I'm actually not against that idea myself. I like the notion that we are a self-funded club rather than owned by a sugar daddy and if we continue to see that principle work in the current situation it will feel more empowering. Of course if it gets bad enough that we do look like going broke I'll be in the chorus of people calling for his personal investment.
If it gets had enough, we'll have more to worry about than football anyway. I reckon it'll be ok in the medium to long term.
 

vegassd

The ghost of Johnny Cash
Aug 5, 2006
3,356
3,330
Or having wages at 39% of revenue was prescient, the bubble was going to burst or deflate anyway so in a way Levy has always been building in contingency for an event like this, albeit not as potentially serious as this. I'm not trying to troll people who dislike ENIC by pretending Levy is a genius
Yep, although like you say this certainly wasn't some masterplan in case of a global lockdown. And I don't think the 39% will include some of the newer contracts so it's not quite that bullet proof. But still, Levy has often said that he thought the upwards trend for player wages was unsustainable and it will certainly have left a number of clubs feeling the pinch right now.

There are some very valid concerns that he goes too cautious and doesn't have what it takes to make the big money signings. It seemed like the new stadium was starting to open that up a bit but I guess we could be looking at a period of more cautious activity. It will be so interesting to see what happens with transfers & wages if/when the season finishes.
 

longtimespur

Well-Known Member
Sep 10, 2014
5,830
9,949
Where have you seen this? I work in the industry, in the Location Department and I can assure you that there is no filming going on at the moment.

Although The stadium is registered with one of the main location agencies and I know that it has been scouted for some major Hollywood films (whether it gets selected or not is another question...).
He must mean has been used, the series has already been made and every episode was available from last week.
It was last year
@timboyid
As others have said it was from the first series. I misconstrued what I read. Apologies.
 

Timbo Tottenham

Well-Known Member
May 7, 2006
2,261
6,001
And I’ll let you know which movie scouted it when the film comes out. I only know they did as the scout text me when he was there asking me to guess where he was...
 

McArchibald

Well-Known Member
Jun 6, 2010
1,280
5,579
I'm not so sure of that myself. I think a large chunk of the Tavistock portfolio is in the hospitality sector which has been taking as much of a battering as sports, and he will be just as keen to keep those businesses afloat as Spurs. The difference being that as a club we have lots of very saleable assets (in the form of players) and in terms of football revenues we will only be waiting on the UK gov for approval to play rather than the number of factors required for hospitality eg. travel restrictions, distancing, disposable income.

So I agree that he won't want to see Spurs go broke, but I think they will try and find survival "from within" as it where before he would inject his own cash. It's been the ENIC philosophy from very early on so I would be really surprised to see him dip into his pocket now. And even though the guys rich as fuck I imagine he has a lot of tough decisions to make across the group.

And I'm actually not against that idea myself. I like the notion that we are a self-funded club rather than owned by a sugar daddy and if we continue to see that principle work in the current situation it will feel more empowering. Of course if it gets bad enough that we do look like going broke I'll be in the chorus of people calling for his personal investment.
I think the difference between Spurs and Tavistock's other buisiness lies in the venue. Most of the pubs and other entertainment businesses are housed in more or less generic venues. They could be closed, moved or reopened elsewhere with a relatively small outlay. Whereas the New Stadium without Spurs playing in it is a white elephant whose economic value would be only a fraction of the cost of getting it built.
I think Joe Lewis could afford to let his pubs go through administration, but he would have to save Spurs should the fertiliser hit the fan.
 

coys200

Well-Known Member
May 22, 2017
8,436
17,403
I think a big question is will things just bounce back as soon as a vaccine is found. I think the true economic impact might not hit till the furlough scheme is stopped. Hopefully the damage won’t be to bad but will people really want to pay £1.2k for a ST ?
 

thekneaf

Well-Known Member
Jan 18, 2011
1,933
3,878
I think a big question is will things just bounce back as soon as a vaccine is found. I think the true economic impact might not hit till the furlough scheme is stopped. Hopefully the damage won’t be to bad but will people really want to pay £1.2k for a ST ?
I would tbf, I'm pretty sick about missing out through inaction when we moved
 

spursfan77

Well-Known Member
Aug 13, 2005
46,680
104,957
I think a big question is will things just bounce back as soon as a vaccine is found. I think the true economic impact might not hit till the furlough scheme is stopped. Hopefully the damage won’t be to bad but will people really want to pay £1.2k for a ST ?

Most people will just stick it on the credit card and worry about paying it off later I suspect. Levels of personal debt will skyrocket.

The club will (actually all clubs will) have to offer staged payments. If they don’t there will be a backlash.
 

RichieS

Well-Known Member
Dec 23, 2004
11,916
16,436
Most people will just stick it on the credit card and worry about paying it off later I suspect. Levels of personal debt will skyrocket.

The club will (actually all clubs will) have to offer staged payments. If they don’t there will be a backlash.
We've offered a finance package for years. Not cheaper than a 0% purchase card, obviously, but I think it's at a better rate than your average credit card.
 

nailsy

SC Supporter
Jul 24, 2005
30,536
46,628
And I’ll let you know which movie scouted it when the film comes out. I only know they did as the scout text me when he was there asking me to guess where he was...

I'm going to rule out Wonder Woman 1984.
 

Spriggan

7 inches from the midday sun!
Jun 15, 2012
921
1,871
Yep, although like you say this certainly wasn't some masterplan in case of a global lockdown. And I don't think the 39% will include some of the newer contracts so it's not quite that bullet proof. But still, Levy has often said that he thought the upwards trend for player wages was unsustainable and it will certainly have left a number of clubs feeling the pinch right now.

There are some very valid concerns that he goes too cautious and doesn't have what it takes to make the big money signings. It seemed like the new stadium was starting to open that up a bit but I guess we could be looking at a period of more cautious activity. It will be so interesting to see what happens with transfers & wages if/when the season finishes.

He also included transfer fees in the sustainability comments. What will be interesting is how it will affect transfer fees, and of more interest to me, agents fees. This is a group that has been deadly silent since all the leagues were stopped.
 

yankspurs

Enic Out
Aug 22, 2013
41,884
71,191

He also included transfer fees in the sustainability comments. What will be interesting is how it will affect transfer fees, and of more interest to me, agents fees. This is a group that has been deadly silent since all the leagues were stopped.
Agents will be hoping to tag bigger fees than normal on free transfers & loan deals. The monstrous fees they enjoyed on permanent transfers will probably be no more for a bit. I could even see capped agent fees per club per window proposals gain traction within the ranks. The higher transfer fees and higher wages will come back before agent fees IMO and that probably wont even be for 3-4 years.
 
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