- Dec 27, 2013
- 3,363
- 6,377
Gave you creative mark it deserved.
Levy is interested in bottom line, and bottom line only, ENIC is an investment company.
It is our whole modus-operandi, every other club spends to their income to try to be as successful as they can within their financial limitations on the pitch, we spend just enough to get top prize money, and make the largest profits and re-invest the cash those profits in non-playing operations.
He is doing the right thing, in trying to reduce the overheads, with our revenue in freefall, and the value of his investment reducing, but he should not be declaring we have no operation and reducing by 20% the wages of the most vulnerable, without first having sorted out the situation of the highest earners, and without having taken significantly more than 20% reduction himself.
I agree with you he is putting pressure on players, but that is not from a moral standpoint (he has already shown his lack of them with what he has done), it is from a business bottom line basis.
That's because he's the chairman of a business that's valued at over $1.5 billion. You don't get to hold that position if you go all touchy-feely at the first sign of trouble.