Consortium take concrete steps to buy Tottenham as due diligence begins

[absolute bobbins]

Mate, I am 48 at the minute and I’m gonna have to wait until I’m at least 150 by which time ENIC will have turned White Hart Lane in to fucking Disneyland and might then consider strengthening the areas of the squad that obviously need to be strengthened.

I’ve been a fan for as long as I can remember and Levy has now wasted 23 years of my spurs supporting life. I dunno about you but I reckon that is long enough. I’m done with the waiting. If he is more interested in building hotels and karting fucking tracks than building a team capable of challenging for honours then he has no business running our club. Time for ENIC to go.

Mate, I'm 38 and I 've seen less success at the club than you but I know that the commercial side needs to be enormous and printing money in order to satisfy our (the fans) ambitions.

 

[Nerine]

How much is it going to cost to turn this empty space in to a karting track Trix? 50m? 100m? And how long is it going to take to get a return on that investment? You are talking years.

And I’d just like to celebrate us winning the league before I pop my clogs!

50m to turn it into a Kart track?? lol.

Don't be daft. That's waaaaayyyyyy OTT.

 

[TonyK]

This sort of thing won't be coming out of the playing staff budget, pretty sure it'll be an entirely separate thing.

That’s kinda my point mcFlash. Plenty of budget when it comes to other things.

 

[chas vs dave]

We are buying players but the bare minimum. We got Danjuma and Porro on loan in Jan but clearly also needed a GK, 2CBs and a playmaker as well. We have been constantly told that the new stadium would be the game changer for us. Great, it’s built now and the revenue streams have increased massively. But now it’s all about building a hotel and karting track. There is always something else. Building a squad capable of challenging is yet again playing second fiddle. Don’t see Arse building any karting tracks etc but they have still managed to significantly back their manager over the last few seasons.

We spend what we earn. If we earn more, we spend more.

Arsenal are spending more than they earn, by borrowing money off the owner. They have gambled on getting into the champions league to boost revenues.

We have boosted our revenues to the point that us being out, and them being in will make them on a par with us.

We just need to get our recruitment right, and we will be moving in the right direction.

 

[TonyK]

We spend what we earn. If we earn more, we spend more.

Arsenal are spending more than they earn, by borrowing money off the owner. They have gambled on getting into the champions league to boost revenues.

We have boosted our revenues to the point that us being out, and them being in will make them on a par with us.

We just need to get our recruitment right, and we will be moving in the right direction.

So let me get this right … Arsenal’s owners have provided the finance that has enabled their manager to strengthen his squad to the point that they are now in the title race.

Wow.

 

[chas vs dave]

So let me get this right … Arsenal’s owners have provided the finance that has enabled their manager to strengthen his squad to the point that they are now in the title race.

Wow.

No, they have loaned the money. Which has to be paid back + interest.

They haven't given them it for nothing.

 

[Neon_Knight_]

So let me get this right … Arsenal’s owners have provided the finance that has enabled their manager to strengthen his squad to the point that they are now in the title race.

Wow.

If it's just about spending lots of money, why has Chelsea's £500m investment in players resulted in them dropping from 3rd (2021-22 finish) to 10th, instead of winning (or at least challenging for) the PL title? They're achieving 35% fewer points per game compared to last season.

As @chas vs dave said above, "We just need to get our recruitment right, and we will be moving in the right direction."

 

[cliff jones]

I'm sorry but this is really smooth brain stuff.

Commercial activities like this are revenue generators which means the club makes money. Money that can then be invested in... oh I dunno a centre back and a goal keeper.

that’s the theory. It’s when Levy gets involved in the football…

 

[TonyK]

No, they have loaned the money. Which has to be paid back + interest.

They haven't given them it for nothing.

Whether the club actually pays it back is another matter as with chelscum and the Russians.

But what I am getting at is that the owners of Arsenal are the source of the finance in the form of a loan.

No fucking around building hotels or whatever and waiting another 10 years for the hotel revenue to start flowing in.

 

[Metalhead]

Whether the club actually pays it back is another matter as with chelscum and the Russians.

But what I am getting at is that the owners of Arsenal are the source of the finance in the form of a loan.

No fucking around building hotels or whatever and waiting another 10 years for the hotel revenue to start flowing in.

Didn't we sort of have that with the release of that £150 million by ENIC?

 

[TonyK]

Didn't we sort of have that with the release of that £150 million by ENIC?

Was that not the first time in 23 years of ownership that they have provided some finance? That equates to 6.5m per season. Not exactly what you would call ambitious really. And I don’t think the whole 150 was spent improving the squad.

 

[chas vs dave]

Whether the club actually pays it back is another matter as with chelscum and the Russians.

But what I am getting at is that the owners of Arsenal are the source of the finance in the form of a loan.

No fucking around building hotels or whatever and waiting another 10 years for the hotel revenue to start flowing in.

The revenue is flowing in though. If arsenal are in the champions league, and we aren't, then its an even keel in terms of revenue.

Kroenke isn't going to continuously pump money in.

 

[Yid-ol]

 

[Trix]

Didn't we sort of have that with the release of that £150 million by ENIC?

That somehow turned into £100million without so much of a whimper as to why. Strange because they certainly made enough noise that it was going to be £150million originally.

 

[Tucker]

That somehow turned into £100million without so much of a whimper as to why. Strange because they certainly made enough noise that it was going to be £150million originally.

Clearly @TonyK Is right with his figures and they invested that 50m to build this go kart track ?

 

[Thenewcat]

I doubt it's going to cost anything like that tbh, but it's not just about that is it. It's about teaming up with yet another world wide recognised brand, it's about the people coming through the door and spending money at the club shop will be selling F1 licensed gear, it's about attracting more sponsorship and making the stadium even more valuable as far as possible naming rights.

Look I'm the first to criticise Levy regarding the football stuff, but the man is a genius when it comes to the commercial side of things, and making money.

Agreed on the commercial side, with the curious exception of not having made a penny on naming rights for 4 years and counting

 

[McFlash]

Agreed on the commercial side, with the curious exception of not having made a penny on naming rights for 4 years and counting

I should imagine that until we can secure a world record deal, Levy is happy with the club name being used worldwide, with all the attention that brings.
Things like this F1 deal will spread the name Tottenham Hotspur even further and in turn may attract even bigger names to the table.

 

[TonyK]

Clearly @TonyK Is right with his figures and they invested that 50m to build this go kart track ?

So Tucker, considering that the grass pitch rolls right under the south stand whenever the NFL is in town, is it going to roll right on top of the karting track / infrastructure? I doubt it. I’m thinking that a major excavation project will need to be undertaken to make additional underground space for the karting track which isn’t going to come cheap especially when you consider that there is a 17k seater stand sitting right on top of that excavation. And if F1 are also involved in the project then it will undoubtedly cost 10x what it needs to.

 

[UncleBuck]

Better a F1 backed underground karting track with all that potentially brings than an athletics track which gets covered up with a nice bit of Axminster on match days…..
I think most would agree Levy is a genius on the commercial side and I wouldn’t want anyone else in charge of that part of the business.

 

[Trotter]

How much is it going to cost to turn this empty space in to a karting track Trix? 50m? 100m? And how long is it going to take to get a return on that investment? You are talking years.

And I’d just like to celebrate us winning the league before I pop my clogs!

Seriously 50to 100m ?
Start up costs for a good quality track, including go karts would top out at maybe 500k. The land is already there and owned.
There are many reasons to be upset with Levy, but bringing in another revenue stream (however small it may be) to utilise more of the facilities is not one to lose your shit over