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davidmatzdorf

Front Page Gadfly
Jun 7, 2004
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City and Chelsea owners are not in it to profiteer.

Neither are ENIC. Long-term investment is not "profiteering". Profiteering connotes acquiring a business for short-term asset-stripping and disposal of the pieces, or less negatively, spotting an undervalued business and acquiring it with a view to a quick sale at its correct market value.

ENIC's business model is about long-term investment that increases the asset base, market value and overall status of the businesses they acquire. They can realise their business ambitions for THFC without selling it, because the value of their shares increases as the value of the enterprise increases, which increases the overall asset-value of ENIC, which puts it in a stronger position to make more and larger investments elsewhere.

And then, at some point in the future, when ENIC decide that the added value over time has reached its peak point, they might decide to dispose of the club and its associated businesses. That won't happen until the stadium is finished and has proved its viability, so we're basically talking about ENIC owning the club for a period of approximately 20 years, minimum.

That's pretty close to the opposite of "profiteering".
 
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Frozen_Waffles

Well-Known Member
Jan 26, 2005
3,994
10,466
Yes they have run the club well, as a business.

Cheapest season ticket at Spurs 795
At City 295!

Let's not get carried away.
 

Donki

Has a "Massive Member" Member
May 14, 2007
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Yes they have run the club well, as a business.

Cheapest season ticket at Spurs 795
At City 295!

Let's not get carried away.

Well City have to do something to fill their ghost stadium, it's supply and demand plus being a London club.
 

Wheeler Dealer

Well-Known Member
Jul 29, 2011
7,067
12,818
Not the question i asked. I am genuinely interested in peoples answers.
This a football forum not a
City only rent their stadium off of the Council they like the Spammers don’t own their grounds so have had no outlay to fund construction.
Rented or not, their owners wealth is in a completely different stratosphere to everyone else. Money appears to be a limitless flow and they creatively fudge their away around and Financial fair play rules, which now seem obsolete and useless.
 

Led's Zeppelin

Can't Re Member
May 28, 2013
7,494
20,688
This a football forum not a

Rented or not, their owners wealth is in a completely different stratosphere to everyone else. Money appears to be a limitless flow and they creatively fudge their away around and Financial fair play rules, which now seem obsolete and useless.

Yes, which is why it's understandable but wrong to expect ENIC to behave unprofessionally in order to compete with Manchester City which is essentially no longer a football club. It is a front for one of the wealthier nations on the planet which desperately needs to diversify in both assets and profile away from oil and the middle east, and are therefore pursuing an entirely different agenda, with an entirely different financial and political rationale behind it, from virtually all other clubs.

Chelsea is similar but not the same, as is PSG. FFP is inadequate to deal with this threat to sport, because UEFA and FIFA are weak, as are our own football authorities, but that's a whole other story.
 

Gb160

Well done boys. Good process
Jun 20, 2012
23,829
94,561
Yes, which is why it's understandable but wrong to expect ENIC to behave unprofessionally in order to compete with Manchester City which is essentially no longer a football club. It is a front for one of the wealthier nations on the planet which desperately needs to diversify in both assets and profile away from oil and the middle east, and are therefore pursuing an entirely different agenda, with an entirely different financial and political rationale behind it, from virtually all other clubs.

Chelsea is similar but not the same, as is PSG. FFP is inadequate to deal with this threat to sport, because UEFA and FIFA are weak, as are our own football authorities, but that's a whole other story.
Countries used to build battleships as a show of their wealth and strength, now they're buying football clubs.
Man City spent more on their defence this summer than 47 nation states spent on their defence budgets.
 

chinaman

Well-Known Member
Jul 19, 2003
17,974
12,423
Countries used to build battleships as a show of their wealth and strength, now they're buying football clubs.
Man City spent more on their defence this summer than 47 nation states spent on their defence budgets.


Those desert monarchs will get sea-sick in a battleship. It's far more comfortable in an air-conditioned boardroom.
 

Janice

Active Member
Aug 31, 2017
143
183
Nice positive spin. Also the people saying they’re just investing to get price up then sell, would they really spend 15 years or more to do that and if so why? Joe Lewis is 80 and Levy what 50-60 mabye, if the profit is for them what is the point?

I genuinely want to believe that they’re doing this for the good of the club and whatever way you look at it a new £800 mil 61,000 stadium and best training ground in Europe are two things which will provide the club with a massive opportunity to

COYS
How do we know we got the best training faciities?
 

Everlasting Seconds

Well-Known Member
Jan 9, 2014
14,914
26,616
All this about ENIC taking the loans out in THFCs name, what exactly is wrong with that? As has been Said ENIC are a business and will make a fortune out of us, so what. As of next year they will have transformed every aspect of our club on and off the pitch.

The work that has gone on that we never see, goes unappreciated by fans who have a clear agenda against Levy and ENIC. These same fans hammer Levy for everything they possibly can and seem to take a great pleasure when he slips up, which he has on occasion. What I want is for these fans to tell me what model they want at our club in his place?
It isn't anything wrong about that, you are commenting on the wrong side of the thread cycle. ;)

What is dead wrong is this: "ENIC are grand because look at how much money they are spending themselves and all the loans in their own name".

Pointing out that ENIC aren't doing any financial liabilities themselves isn't a criticism of ENIC, it's a criticism of the worst pro-ENIC opening post ever.
 

Donki

Has a "Massive Member" Member
May 14, 2007
14,536
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It isn't anything wrong about that, you are commenting on the wrong side of the thread cycle. ;)

What is dead wrong is this: "ENIC are grand because look at how much money they are spending themselves and all the loans in their own name".

Pointing out that ENIC aren't doing any financial liabilities themselves isn't a criticism of ENIC, it's a criticism of the worst pro-ENIC opening post ever.

The the posting was a bit gushy and TBH was sleayd going to provoke this reaction.
 

absolute bobbins

Am Yisrael Chai
Feb 12, 2013
11,706
26,186
This thread reminds me of this.



Not all opinions are equally valid and those who don't understand the world of corporate finance seem to be given credence by a vocal minority mainly because they sprinkle in terms that they once saw when looking at the front cover of a traders copy of the FT.
 

am_yisrael_chai

Well-Known Member
Feb 18, 2006
6,409
10,931
Which is very, very poorly.
This is what I mean...'someone told me' is hardly evidence now is it?
And as I said, I'm interested in what the average punter will be forking out, not our most expensive season tickets, or premium seats, I don't care if rich people are forking out tens of thousands, they can afford it.

Let's face it, you have zero evidence, it's complete guesswork that you're now passing on as though it's fact....because it fits right in with your obvious anti-enic agenda.
So now that the season ticket prices have been published what do you have to say ? What you described as guess work was reasonable deductive reasoning that proved to be spot on, we have the most expensive season tickets in the league.
 

Lilbaz

Just call me Baz
Apr 1, 2005
41,363
74,893
Think they have made a mistake with the season ticket prices. They will have people working out the prices through how much demand they have seen. But next season is a one off (being a new stadium that everyone is excited about) and it doesn't do well to alienate long term supporters for a quick cash in.
 

Gb160

Well done boys. Good process
Jun 20, 2012
23,829
94,561
So now that the season ticket prices have been published what do you have to say ? What you described as guess work was reasonable deductive reasoning that proved to be spot on, we have the most expensive season tickets in the league.
No it was guesswork, well guessed mate....have a biscuit.

In reality we have a squad of very high quality that we don't pay enough for, I'd hope that the increased revenue generated by higher gate receipts goes towards paying our best players what they're worth, so they won't be tempted by the money they could be earning elsewhere.

If this doesn't happen then questions should definitely be asked of Levy.
I have absolutely no problem with the way the pricing of the new stadium will work out for fans, as long it's going toward tying down our prize assets, there's a hell of a lot of moaning but as fans we can't have it both ways.
 
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