ENIC...

jurgen

Busy ****
Joined
Jul 5, 2008
Messages
5,314
I hope he does whatever is best for the club.
I care about THFC, I don't give a solitary fuck what others think of us.
Money wise, I'm sure it's in the best interests of the club. The (long term) happiness of 550 employees who help the machine run might be another question - maybe they're all expendable, I don't know, but I'm sure plenty contribute a lot to how we operate.
 

Dinghy

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Joined
Jun 22, 2005
Messages
6,095
It's important I think to also appreciate what has actually been said in the statement... all 550 non-playing staff and board members have taken a 20% cut in salary and where appropriate will make use of furlough...
Not all 550 employees/executives will be furloughed or claimed from the government scheme.
 

Dinghy

Well-Known Member
Joined
Jun 22, 2005
Messages
6,095
It will be too late by then. Damage has been done.

Even West fucking Ham are paying their staff in full.
How many staff do WH have? Most of the equivalents will be employed by the London Stadium (or whatever it's called)
 

spursfan77

Well-Known Member
Joined
Aug 13, 2005
Messages
25,319
Why should they? We don’t expect any other industry to behave this way.
If they are to do anything let it be up to them and let them give it to charity if they want. I’m not sure I’m comfortable with them being bullied into giving up their wages by the morals police.
 

dontcallme

SC Supporter
Joined
Mar 18, 2005
Messages
18,298
Why should they? We don’t expect any other industry to behave this way.
I guess it is a bit of a strange one.

Morally I think people see the bailout options as those genuinely in need of financial aid with no finances to pay staff and stay in business.

So when you have billionaire chairmen and multi-millionaire footballers at a club it is not unreasonable to think there is enough finances there to keep going.

But I have never felt I am in a position to tell someone else what to do with their money.
 

Drink!Drink!

Well-Known Member
Joined
Oct 10, 2014
Messages
890
Still so, so disappointed about this. Guardian podcast was speculating this has “saved” about 500-700k

ENIC have taken that 500k from the staff who can’t afford to lose it. Where every penny counts. They have taken the money from the people who have nothing spare, but those who have earnt more money than anyone needs to live a good life, especially the players, contributed nothing. Those with spare cash coming out of their ears contribute nothing. And yes, all announced at the same time as Levy taking another 7m from the club’s coffers.

500k what percentage of Joe Lewis’ worth is that? 0.0000??? While we are at it, wouldn’t be nice to have an owner who paid his taxes like the rest of us,

And finally YES, I do want my club to be like Dortmund, or refreshingly the new Leeds, and make a stand on proper good principles.

Against Modern Football
 

GutBucket

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Joined
May 26, 2013
Messages
2,699
Made the news here in Croatia, Tottenham looked pretty bad in the report.
 

spursfan77

Well-Known Member
Joined
Aug 13, 2005
Messages
25,319
Still so, so disappointed about this. Guardian podcast was speculating this has “saved” about 500-700k

ENIC have taken that 500k from the staff who can’t afford to lose it. Where every penny counts. They have taken the money from the people who have nothing spare, but those who have earnt more money than anyone needs to live a good life, especially the players, contributed nothing. Those with spare cash coming out of their ears contribute nothing. And yes, all announced at the same time as Levy taking another 7m from the club’s coffers.

500k what percentage of Joe Lewis’ worth is that? 0.0000??? While we are at it, wouldn’t be nice to have an owner who paid his taxes like the rest of us,

And finally YES, I do want my club to be like Dortmund, or refreshingly the new Leeds, and make a stand on proper good principles.

Against Modern Football
This Dortmund?


Borussia Dortmund's chief executive Hans-Joachim Watzke was criticised on Tuesday for saying the Bundesliga's biggest clubs should refrain from financially helping the league's smaller outfits.

Fortuna Dusseldorf sporting director Thomas Rottgermann and Hoffenheim's owner Dietmar Hopp slammed Watzke's comments which came after the German top-flight was postponed due to the coronavirus pandemic.

Professional sides in Germany depend heavily on the income from television rights with local broadcasters paying 4.6 billion euros ($5.04 billion) a season to show matches.

"I don't know what made him say that. It wasn't the right time or the right message," Rottgermann said.
Billionaire Hopp said the likes of Dortmund and champions Bayern Munich should support the less fortunate.
"The time for solidarity is now. The strong help the weak. I hope that this solidarity is the consensus among everyone involved with the Bundesliga," he said.
Watzke said on Monday he disliked the idea of installing financial measures to aid all of the 18 sides in the top-tier.
"At the end of the day, the clubs who have made the effort to put a bit of money aside these past years can't reward those who have not," Watzke said.
"We're running businesses on a market and we're in competition."
Earlier on Monday, the league's chief executive Christian Seifert issued a word of warning for sides who could suffer without broadcast, ticket sales and sponsorship income during the COVID-19 outbreak period.
"It's a question of survival," he said in a meeting on Monday which decided to put the league on hold until at least April 2.
 

Drink!Drink!

Well-Known Member
Joined
Oct 10, 2014
Messages
890
This Dortmund?


Borussia Dortmund's chief executive Hans-Joachim Watzke was criticised on Tuesday for saying the Bundesliga's biggest clubs should refrain from financially helping the league's smaller outfits.

Fortuna Dusseldorf sporting director Thomas Rottgermann and Hoffenheim's owner Dietmar Hopp slammed Watzke's comments which came after the German top-flight was postponed due to the coronavirus pandemic.

Professional sides in Germany depend heavily on the income from television rights with local broadcasters paying 4.6 billion euros ($5.04 billion) a season to show matches.

"I don't know what made him say that. It wasn't the right time or the right message," Rottgermann said.
Billionaire Hopp said the likes of Dortmund and champions Bayern Munich should support the less fortunate.
"The time for solidarity is now. The strong help the weak. I hope that this solidarity is the consensus among everyone involved with the Bundesliga," he said.
Watzke said on Monday he disliked the idea of installing financial measures to aid all of the 18 sides in the top-tier.
"At the end of the day, the clubs who have made the effort to put a bit of money aside these past years can't reward those who have not," Watzke said.
"We're running businesses on a market and we're in competition."
Earlier on Monday, the league's chief executive Christian Seifert issued a word of warning for sides who could suffer without broadcast, ticket sales and sponsorship income during the COVID-19 outbreak period.
"It's a question of survival," he said in a meeting on Monday which decided to put the league on hold until at least April 2.

Haha yes. You want to back ENIC but criticise another club for not volunteering to give money to lower divisions? How long are we going to wait for Levy and ENIC to offer to help out Orient or Barnet.
You know the point I was making. Other clubs aren’t penny pinching from their low paid staff like while the super rich employees...the players carry on as normal THFC have chosen to do
 

vegassd

The ghost of Johnny Cash
Joined
Aug 5, 2006
Messages
2,951
Still so, so disappointed about this. Guardian podcast was speculating this has “saved” about 500-700k

ENIC have taken that 500k from the staff who can’t afford to lose it. Where every penny counts. They have taken the money from the people who have nothing spare, but those who have earnt more money than anyone needs to live a good life, especially the players, contributed nothing. Those with spare cash coming out of their ears contribute nothing. And yes, all announced at the same time as Levy taking another 7m from the club’s coffers.
I hate to keep posting in this thread but there's a lot of shit being thrown around at the moment.

For starters... do you honestly think that a 20% reduction in wage is going to negatively affect these workers? These workers who no longer have to travel to work, or do any work at all!? Who aren't going on holiday or out for dinner or down the pub? The workers who can take mortgage holidays or rent freezes, who can pause their council tax payments and who can adjust utility bills where necessary. Sure, they are going to receive 20% less money than they are used to but let's be clear that nobody is ending up on the streets.

Secondly, I believe that this idea of Levy taking £7m is media bullshit because it makes a more fruity story. I believe that £3m of that is a bonus related to the stadium build and that this bonus has been delayed so that the money stays in the club. So let's stop sensationalising this stuff.

You say that other clubs aren't "penny pinching" but that's just not true is it? The stories are plastered all over news sites about which PL clubs are doing what. And that's just as a snapshot. Let's wait until the season gets cancelled and see how many clubs furlough their staff then. We shouldn't be casting these sorts of judgements at the board when a) we know so little about the financial situation and b) we know so little about how the virus is going to affect football.

The absolute bottle neck here is player salaries. Until players agree to cut their salaries the clubs are basically fucked. They are looking at a massive shortfall in revenue (if the league is cancelled) whilst locked into a huge outlay in terms of player salaries. It might be good PR for some clubs to pay their kit man 100% salary, but if the club goes into administration the kit man can't pay his mortgage with good PR. Surely it's better to pay our staff 20% less for 20% longer right... especially at a time when financial outgoings are so low.

I would like to see Levy, Mourinho and our players to all make donations to cover our other staff and further help the community. But until the issue of player salaries becomes clear that isn't going to happen. Levy has a duty to protect the club, and no matter what the haters want to say the biggest threat to the club at the moment is player salaries. If saving 700k per week (or over whatever period) is the best he can push through then why the fuck are people slagging him off for that?!
 

Spotter

Member
Joined
Jan 25, 2020
Messages
4
Whatever your view is on the rights or wrong of players taking paycuts it’s a monumental balls up by Tottenham and very negative for the club . The club should have waited for a premier league decision and not done this . They have made us look like a bunch of idiots and the negative press is nothing short of a PR disaster
 

Lighty64

PC huh what a joke, avatar changed
Joined
Aug 24, 2010
Messages
9,667
I agree with you, but I think it's a shame from a purely PR point of view that the non-playing staff on ordinary wages are taking a cut before the playing staff that are earning quadrillions. It would make a lot more sense if it was all announced simultaneously after the meetings with the league and PFA.

I agree that it's massively overblown, but DL and the club had to expect that there would be a reaction to this and it's part of their job to manage that reaction. They have not done so.
just a shame that the PFA, players, and others involved didn't have meetings earlier to sort it. this all has happened because it's the start of a new tax year and month, had they got together earlier without having a gentle nudge, and accept a pay cut this might of never happened. it still might happen if the players agree a reduction as teams involved in the CL last season could see losses of up to 150m.

I also doubt that any other club in the PL has 550 people working for them on their non-playing staff
 

Drink!Drink!

Well-Known Member
Joined
Oct 10, 2014
Messages
890
I hate to keep posting in this thread but there's a lot of shit being thrown around at the moment.

For starters... do you honestly think that a 20% reduction in wage is going to negatively affect these workers? These workers who no longer have to travel to work, or do any work at all!? Who aren't going on holiday or out for dinner or down the pub? The workers who can take mortgage holidays or rent freezes, who can pause their council tax payments and who can adjust utility bills where necessary. Sure, they are going to receive 20% less money than they are used to but let's be clear that nobody is ending up on the streets.

Secondly, I believe that this idea of Levy taking £7m is media bullshit because it makes a more fruity story. I believe that £3m of that is a bonus related to the stadium build and that this bonus has been delayed so that the money stays in the club. So let's stop sensationalising this stuff.

You say that other clubs aren't "penny pinching" but that's just not true is it? The stories are plastered all over news sites about which PL clubs are doing what. And that's just as a snapshot. Let's wait until the season gets cancelled and see how many clubs furlough their staff then. We shouldn't be casting these sorts of judgements at the board when a) we know so little about the financial situation and b) we know so little about how the virus is going to affect football.

The absolute bottle neck here is player salaries. Until players agree to cut their salaries the clubs are basically fucked. They are looking at a massive shortfall in revenue (if the league is cancelled) whilst locked into a huge outlay in terms of player salaries. It might be good PR for some clubs to pay their kit man 100% salary, but if the club goes into administration the kit man can't pay his mortgage with good PR. Surely it's better to pay our staff 20% less for 20% longer right... especially at a time when financial outgoings are so low.

I would like to see Levy, Mourinho and our players to all make donations to cover our other staff and further help the community. But until the issue of player salaries becomes clear that isn't going to happen. Levy has a duty to protect the club, and no matter what the haters want to say the biggest threat to the club at the moment is player salaries. If saving 700k per week (or over whatever period) is the best he can push through then why the fuck are people slagging him off for that?!
You are asking “if” a 20% pay cut will have an impact on the the lowest paid employees. Sigh, really?
 
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