ENIC...

[Trix]

One thing in the Deloitte figures was our commercial growth. Which over 10 years is not far behind city without cheating. If City really do get done by FFP we will be the 3rd revenue richest club in the country and only gonna get stronger when stadium fully kicks in. If FFP really takes a grip we will arguably be best placed of any club to compete in future years.

This is true but it won't stop clubs finding and exploiting other loopholes. It's the way of competitive sport now unfortunately. I mean how long will it be before other clubs start complaining it's not fair for clubs like us to be raising money through not footballing processes like concerts and NFL etc, just because they didn't have the foresight to do similar. Ffp will only ever work 100% if/when everyone has exactly the same budget to spend every season, and that will never happen

 

[yido_number1]

I think they were interested in challenging for silverware, but they weren't interested in doing in it just in the short term. When they came in they took a look at where we were as a football club and decided that we couldn't compete with the big clubs as we didn't have the financial muscle to pay the wages that teams like Chelsea, Manchester United, Liverpool and Arsenal were able to pay. We might have been able to pay a big transfer fee or two to get the odd star, who might help us win something, but we were never going to be able to pay them enough to keep them here and build a team that could challenge for silverware every season. I suspect there was also a fear that we'd end up as another club destined for the championship like Sheffield Wednesday, Forrest or West Ham if we didn't change. The only way to bridge that gap was to build the stadium which should give us the financial power to compete with most of the biggest clubs in Europe. We're just getting to that point now. We couldn't spend loads of money on transfers while the stadium was being planned and built and I know that was extremely frustrating, but I'm going to judge them on what we do now that we're in the stadium. We've already broken our transfer record twice since we moved into the stadium and that was with us only being there for a couple of months at the end of the season, although the Champions League run probably added to the money available. I'm not expecting us to buy world class players in every position next summer, but I do expect us to solve the problem positions and improve the squad with quality additions who can come straight into the first team. If that doesn't happen I think a lot of people will start asking big questions about the ambition of the owners.

How many times did we break our transfer record before we moved into the new stadium? That isn't a barometer of new ambition that is a sign the market has gone crazy. I'd say if you look at the stature of the players we bought this window they were below the stature of Berbatov and Modric when we bought them 10 plus years ago. I agree they have put in place a strategy it's just a shame we've had to spend nearly 20 years waiting for it to pay off. That is way more than any other business cycle.

In retrospect I think we would have made more money and got their quicker if we had followed the chelsea model of buying all of the young talent possible across the world and loan out 50 players a season. They might not have the stadium we have which is a great achievement but that has meant they've spent big money on players whilst still having a low net spend in the last 5 or so years.

 

[nailsy]

After talking today with my son about Levy he made me realise that he really has been a great chairmen who has made mistakes but always with the right intentions . And that my gripes about Levy are really just a reflection of my feelings that the team is poor the football is awful at this moment in time and Levy is my whipping boy . On reflection he is probably right and I have been taking a childish view in regards Levy .I hope his vision for spurs comes to fruition because if it does the future is looking good even tho right now I feel very disheartened in the way we are playing . Also it would not surprise me if they have no intentions of selling but maybe a family dynasty is more in their mind .
So on balance ENIC have been brilliant for us but we are now going thru a bad patch that won't last forever.
By the way my son said to me " don't be such a cry baby " it was very chastening .

I've got to say what a great post this is. Hardly anyone on the internet ever admits they might have been wrong about something.

 

[shelfboy68]

After talking today with my son about Levy he made me realise that he really has been a great chairmen who has made mistakes but always with the right intentions . And that my gripes about Levy are really just a reflection of my feelings that the team is poor the football is awful at this moment in time and Levy is my whipping boy . On reflection he is probably right and I have been taking a childish view in regards Levy .I hope his vision for spurs comes to fruition because if it does the future is looking good even tho right now I feel very disheartened in the way we are playing . Also it would not surprise me if they have no intentions of selling but maybe a family dynasty is more in their mind .
So on balance ENIC have been brilliant for us but we are now going thru a bad patch that won't last forever.
By the way my son said to me " don't be such a cry baby " it was very chastening .

Sounds more like you had a meeting or conference call with shadydan.

 

[yankspurs]

The bastard sons have come out to play. Your father got you schmucks back onside already after last week? That was quick.

 

[Shadydan]

After talking today with my son about Levy he made me realise that he really has been a great chairmen who has made mistakes but always with the right intentions . And that my gripes about Levy are really just a reflection of my feelings that the team is poor the football is awful at this moment in time and Levy is my whipping boy . On reflection he is probably right and I have been taking a childish view in regards Levy .I hope his vision for spurs comes to fruition because if it does the future is looking good even tho right now I feel very disheartened in the way we are playing . Also it would not surprise me if they have no intentions of selling but maybe a family dynasty is more in their mind .
So on balance ENIC have been brilliant for us but we are now going thru a bad patch that won't last forever.
By the way my son said to me " don't be such a cry baby " it was very chastening .

Guarantee this is exactly how the naysayers feel, notice how this thread gets active when we lose or suffer any negativity...people will always look for an easy scapegoat and moan regardless.

 

[yido_number1]

After talking today with my son about Levy he made me realise that he really has been a great chairmen who has made mistakes but always with the right intentions . And that my gripes about Levy are really just a reflection of my feelings that the team is poor the football is awful at this moment in time and Levy is my whipping boy . On reflection he is probably right and I have been taking a childish view in regards Levy .I hope his vision for spurs comes to fruition because if it does the future is looking good even tho right now I feel very disheartened in the way we are playing . Also it would not surprise me if they have no intentions of selling but maybe a family dynasty is more in their mind .
So on balance ENIC have been brilliant for us but we are now going thru a bad patch that won't last forever.
By the way my son said to me " don't be such a cry baby " it was very chastening .

When you look back over your post history on levy most of it is defending him over a course of years. You make yourself look like one of those fake reformed remain voters that now votes leave on twitter.

 

[TOLBINY]

Revenues up but profits down is what I am expecting. As for all those on social media telling Levy to spend how about Ndombele, Sessegnon, Clarke, Lo Celso and Bergwijn plus a Fernandes loan fee in the last 7 months.

 

[nailsy]

How many times did we break our transfer record before we moved into the new stadium? That isn't a barometer of new ambition that is a sign the market has gone crazy. I'd say if you look at the stature of the players we bought this window they were below the stature of Berbatov and Modric when we bought them 10 plus years ago. I agree they have put in place a strategy it's just a shame we've had to spend nearly 20 years waiting for it to pay off. That is way more than any other business cycle.

In retrospect I think we would have made more money and got their quicker if we had followed the chelsea model of buying all of the young talent possible across the world and loan out 50 players a season. They might not have the stadium we have which is a great achievement but that has meant they've spent big money on players whilst still having a low net spend in the last 5 or so years.

You're right that the market has gone crazy, but moving into the new stadium means that we can afford to pay the higher fees now. Think how far behind we'd be now if we hadn't moved. We did brilliantly signing Modric and Berbatov, but I don't think either was being chased by the biggest clubs at the time? Didn't we beat Newcastle to Modric? We're at the level now where players have to seriously consider if they want to join us, or Chelsea, Arsenal or United. Years ago, we'd have lost out every time.
It's a little bit unfair to say that we've had to wait 20 years to see their strategy pay off. We've been close to winning things so many times, we've made the step up to the Champions League and even made the final.
You can't rely on hindsight to say we should've followed a certain model. Lets see what Chelsea are doing in a few years when they're paying for their new stadium.

Just to balance this out a bit I think that Levy has made quite a few mistakes in the transfer market over the years. The main one being his habit of not paying the extra couple of million to get a deal done which seems like madness with the way that transfer fee go up year upon year. Maybe we didn't always have the money at the time, but it seemed to happen too many times for that to always be the case.

 

[Japhet]

Revenues up but profits down is what I am expecting. As for all those on social media telling Levy to spend how about Ndombele, Sessegnon, Clarke, Lo Celso and Bergwijn plus a Fernandes loan fee in the last 7 months.

Our record profits were heavily influenced by zero transfer dealings for 18 months.

 

[spursfan77]

Our record profits were heavily influenced by zero transfer dealings for 18 months.

Thats incorrect. The next set of accounts will have the majority of that in, as they are the 12 months to 30 June 2019.

 

[dimiSpur]

After talking today with my son about Levy he made me realise that he really has been a great chairmen who has made mistakes but always with the right intentions . And that my gripes about Levy are really just a reflection of my feelings that the team is poor the football is awful at this moment in time and Levy is my whipping boy . On reflection he is probably right and I have been taking a childish view in regards Levy .I hope his vision for spurs comes to fruition because if it does the future is looking good even tho right now I feel very disheartened in the way we are playing . Also it would not surprise me if they have no intentions of selling but maybe a family dynasty is more in their mind .
So on balance ENIC have been brilliant for us but we are now going thru a bad patch that won't last forever.
By the way my son said to me " don't be such a cry baby " it was very chastening .

Is your son called Levy junior?

In all seriousness, I agree with him to an extent. The grievance we all have with Levy is that in crucial moments we've seen him stick to the regimental plan, when we've been oh so close to greatness. Think back to that infamous January window where we signed Saha and Nelson, or the windows in which we failed to buy anyone. Yes we were building a stadium, but we were also very close to actually winning the PL title. And that's what we care about the most.

Obviously we want our Club to be financially secure, if we go bust we won't have a Club to support. In that respect, he's done a wonderful job. He's also done a wonderful job in building the best stadium in the world.

I think he's become aware of the fact that money brings money, given the massive income from our CL run last season. Therefore, I do expect the purse strings to loosen in the upcoming summer, especially given his recruitment of Jose, a manager who won't accept a transfer-less window in the same manner that Poch did.

 

[Wheeler Dealer]

Revenues up but profits down is what I am expecting. As for all those on social media telling Levy to spend how about Ndombele, Sessegnon, Clarke, Lo Celso and Bergwijn plus a Fernandes loan fee in the last 7 months.

Many of them now under utilized by "The Special One"

 

[carmeldevil]

After talking today with my son about Levy he made me realise that he really has been a great chairmen who has made mistakes but always with the right intentions . And that my gripes about Levy are really just a reflection of my feelings that the team is poor the football is awful at this moment in time and Levy is my whipping boy . On reflection he is probably right and I have been taking a childish view in regards Levy .I hope his vision for spurs comes to fruition because if it does the future is looking good even tho right now I feel very disheartened in the way we are playing . Also it would not surprise me if they have no intentions of selling but maybe a family dynasty is more in their mind .
So on balance ENIC have been brilliant for us but we are now going thru a bad patch that won't last forever.
By the way my son said to me " don't be such a cry baby " it was very chastening .

I have two thoughts.

I like ENIC but they need to do better. They are not perfect and never will be. Still there's room for improvement (hire a Director of Scouting, entrust more people to handle player recruitment and transfers, etc).

There are not many other good options instead of ENIC. If they do sell which they probably will, I just hope it'll be a new ownership as good or better than ENIC. Unfortunately not too many out there that can afford the price tag.

 

[inclineyid]

Many of them now under utilized by "The Special One"

No

 

[nailsy]

The bastard sons have come out to play. Your father got you schmucks back onside already after last week? That was quick.

It's too easy just to label people like that. You've actually got people here who can see both sides of the argument and can acknowledge that the owners are trying to do their best, but have made mistakes along the way. It's a shame you can't do the same.

 

[nailsy]

Our record profits were heavily influenced by zero transfer dealings for 18 months.

But don't we usually have a low net spend even when we do complete a few transfers? Other than last summer our biggest spend over the last five years was around £30M. Obviously that changed in the summer just gone.

 

[daryl hannah]

I think they were interested in challenging for silverware, but they weren't interested in doing in it just in the short term. When they came in they took a look at where we were as a football club and decided that we couldn't compete with the big clubs as we didn't have the financial muscle to pay the wages that teams like Chelsea, Manchester United, Liverpool and Arsenal were able to pay. We might have been able to pay a big transfer fee or two to get the odd star, who might help us win something, but we were never going to be able to pay them enough to keep them here and build a team that could challenge for silverware every season. I suspect there was also a fear that we'd end up as another club destined for the championship like Sheffield Wednesday, Forrest or West Ham if we didn't change. The only way to bridge that gap was to build the stadium which should give us the financial power to compete with most of the biggest clubs in Europe. We're just getting to that point now. We couldn't spend loads of money on transfers while the stadium was being planned and built and I know that was extremely frustrating, but I'm going to judge them on what we do now that we're in the stadium. We've already broken our transfer record twice since we moved into the stadium and that was with us only being there for a couple of months at the end of the season, although the Champions League run probably added to the money available. I'm not expecting us to buy world class players in every position next summer, but I do expect us to solve the problem positions and improve the squad with quality additions who can come straight into the first team. If that doesn't happen I think a lot of people will start asking big questions about the ambition of the owners.

This is a good post nailsy.

The recent signings have been the CL money so I'd be interested to see what happens in the coming windows.

 

[Donki]

How many times did we break our transfer record before we moved into the new stadium? That isn't a barometer of new ambition that is a sign the market has gone crazy. I'd say if you look at the stature of the players we bought this window they were below the stature of Berbatov and Modric when we bought them 10 plus years ago. I agree they have put in place a strategy it's just a shame we've had to spend nearly 20 years waiting for it to pay off. That is way more than any other business cycle.

In retrospect I think we would have made more money and got their quicker if we had followed the chelsea model of buying all of the young talent possible across the world and loan out 50 players a season. They might not have the stadium we have which is a great achievement but that has meant they've spent big money on players whilst still having a low net spend in the last 5 or so years.

Did they really have that big a stature when we bought them? I don't really think so. Of course its all hindsight, if Steve, Ndombelle, GLC etc turn out the way Berby or Modric did we will view them at the same level .

 

[nailsy]

This is a good post nailsy.

The recent signings have been the CL money so I'd be interested to see what happens in the coming windows.

Cheers .

I think these next two windows will tell us a lot about where we're heading as a club. And we'll still have Champions League money from this season - I think if we go out now we earn about €30M less than we got last season, but it's still a big wedge of money to put towards players.