ENIC...

[Archibald&Crooks]

After watching his video from yesterday I actually think the personal criticism Levy has been getting has finally hit home and he seemed actually unhappy about it. It felt a bit uncomfortable watching him squirm over that in the message.

I reckon it's the weight of it that has shaken him. In all honesty, I thought he was squirming too but this criticism has been a long time coming and very much needed. If it has made him reevaluate how he operates then so much the better.

 

[BringBack_leGin]

After watching his video from yesterday I actually think the personal criticism Levy has been getting has finally hit home and he seemed actually unhappy about it. It felt a bit uncomfortable watching him squirm over that in the message.

I reckon it's the weight of it that has shaken him. In all honesty, I thought he was squirming too but this criticism has been a long time coming and very much needed. If it has made him reevaluate how he operates then so much the better.

Unfortunately it’s often the way that when people get complacent, whether running a football club, in a marriage or trying to clean windows, they don’t realise how far things have deteriorated until it’s almost too late and they’re getting hammered, divorced/cheated on or fired.

Thing is, usually when it gets to this point, the person who has been complacent as Levy has been for at least 3/4 years, doesn’t have the opportunity to remedy it. Levy does as for all intents and purposes it’s his club to run, so hopefully he’s reflected, he’s going to address where it’s gone wrong and he’s going to accept that some of his practices are just never acceptable in a football club, and others only in certain situations.

If he hasn’t done the above then that’s unforgivable.

 

[ardiles&villa]

Every single penny goes back into the club except for the money that he takes at the end of the year tax free as a bonus as the highest paid chairman in the league. If we are broke how does that equate ?

 

[Shadydan]

Every single penny goes back into the club except for the money that he takes at the end of the year tax free as a bonus as the highest paid chairman in the league. If we are broke how does that equate ?

I'm guessing the same way we pay our players wages and their bonuses, all this stuff is written into contracts.

 

[winster]

Levy made that video because of feeling the pressure. He didn't want to, he had to.

He is feeling the pressure and it is the thin end of the wedge. Sugar sold up because of dissenting fans so it could happen again.

 

[SirHarryHotspur]

If you go on to Everton message boards right now the answer is a resounding yes, but not BK it’s the relatively new owner moshri who is getting slated in every single post For his managerial choices.

Kenwright has been and Everton since 2004 like us not won much , just shows how fickle fans are , never happy .

What would todays Spurs fans make of the 64/65 season away record, 21 games , 16 defeats , 4 draws and one win, Greaves up front and Billy Nick manager perhaps we should have sacked both of them and the directors as well !!!!!!!

In the sixties we didn't have Talksport , Sky/BT/BBC pundits winding everyone up with their comments and views , with every game being dissected down the last millimetre.

 

[LeSoupeKitchen]

Kenwright has been and Everton since 2004 like us not won much , just shows how fickle fans are , never happy .

What would todays Spurs fans make of the 64/65 season away record, 21 games , 16 defeats , 4 draws and one win, Greaves up front and Billy Nick manager perhaps we should have sacked both of them and the directors as well !!!!!!!

In the sixties we didn't have Talksport , Sky/BT/BBC pundits winding everyone up with their comments and views , with every game being dissected down the last millimetre.

You've tasted success. It's easy to be chilled out when you've experienced glory.

How much were tickets back then?

 

[KingNick]

Every single penny goes back into the club except for the money that he takes at the end of the year tax free as a bonus as the highest paid chairman in the league. If we are broke how does that equate ?

You’ll have to explain that one as to how DL manages to avoid tax laws. He is clearly not a non-dom.

 

[jolsnogross]

Kenwright has been and Everton since 2004 like us not won much , just shows how fickle fans are , never happy .

What would todays Spurs fans make of the 64/65 season away record, 21 games , 16 defeats , 4 draws and one win, Greaves up front and Billy Nick manager perhaps we should have sacked both of them and the directors as well !!!!!!!

In the sixties we didn't have Talksport , Sky/BT/BBC pundits winding everyone up with their comments and views , with every game being dissected down the last millimetre.

Fans don't sack anybody. The question is what do decision makers do and then we all discuss it. Maybe Levy would've sacked them in 65? After all, he's frittered away a strong position we were in only 2 seasons ago. Top 4 finishes x4 and CL runners up. Then Levy hit the panic button. We're digging out from that (affecting us alone) as much as the pandemic (affecting all clubs).

He'll get credit from me if he hands real decision-making power over to the new management duo, assuming they know their arses from their elbows. But right now, he's responsible for a crappy decline at Spurs that we all hope won't become entrenched.

Whatever about fans being fickle, it would be good if our chairman stayed the course when things are going well instead of always succumbing to the urge to meddle.

 

[cliff jones]

Very interesting he felt the need to post the video. What was his objective in doing so?

Reiterate that they’re still not putting a penny of their own money in to further manage down expectations? Trying to hoodwink us into believing “they” have invested £1.5bn to date? To introduce Fabio, placing him in the line of fire on all football matters instead? Blame Poch for not freshening up the squad?

Nothing on them paying our share of the ESL fine or on lack of naming rights or on greedy ticket prices?

It’s a massive window, his biggest ever- and it is his because he sets the budget...

 

[shelfboy68]

Very interesting he felt the need to post the video. What was his objective in doing so?

Reiterate that they’re still not putting a penny of their own money in to further manage down expectations? Trying to hoodwink us into believing “they” have invested £1.5bn to date? To introduce Fabio, placing him in the line of fire on all football matters instead? Blame Poch for not freshening up the squad?

Nothing on them paying our share of the ESL fine or on lack of naming rights or on greedy ticket prices?

It’s a massive window, his biggest ever- and it is his because he sets the budget...

Having not seen the video I would suggest all of the above you mentioned.

 

[Stamford]

You've tasted success. It's easy to be chilled out when you've experienced glory.

How much were tickets back then?

Indeed. If you're Mid thirties and below you've seen us win two league cups which mean very little

 

[BringBack_leGin]

You've tasted success. It's easy to be chilled out when you've experienced glory.

How much were tickets back then?

I haven’t tasted success and have only been an ST holder in the high price ticket era (otherwise known as the premier league). How do I, generally as there are blips, manage to stay chilled out about it?

 

[cjsimba]

Don’t want to particularly feed into the Levy bashing, but a mate has asked what Levy has done wrong over the years (not that he disagrees, more that he just wants to know). I wanted to make sure I’d covered EVERYTHING so would anyone who has considered this before be kind enough to write a list? Eg.

- Super league
- Penny pinching on transfers meaning we miss out on deals or secure players too late and we’ll into pre-season.
- Going after conte when we didn’t have the financial ability to match his demands.

etc etc.

Much appreciated!

 

[Lighty64]

Whilst I do agree, its quite true that these billionaires maintain their wealth by buying expensive paintings, etc - I also find it laughable that Lewis apparently requires 4bn for Tottenham Hotspur when that amount is surely set for clubs/businesses that are at the very very pinnacle of its spectrum.

And to do that you need multiple assets of great value, and that includes the players.

Currently, only Kane is worth a vast amount and he could leave.

The stadium and the finances they bring are not going to cut it alone, especially if the club are not in the money making game of the CL. The PL alone isn't enough either, especially when you are not Liverpool or City.

Therefore, surely SURELY, it would be wise for Lewis to invest a little into the playing team to ensure it remains highly competitive and has many more assets, and marketable ones at that.

Afterall, when we were looking like relegation candidates the club panicked and had a bit of a spending apree..
.and this was when the club had no CL football, TV money was not as luxorious and we were in the old WHL which drove nowhere near the amount of profit as the new WHL will.

I'm not saying the club need to go spend 200m+ but they could show a bit of ambition and care for the business by bringing in one or two high quality players to ensure the team stays in the top places.

oh I agree I just don't think Lewis is that interested in football, and I doubt he has billions sitting in his bank account to just chuck money our way, especially as he owns 200 companies. there was something years ago that I can't remember where but if Lewis was to invest his own money, Levy would have to use his ownership % with it (match it)

the only thing I disagree with is the bolded part, unless they can find that high quality in an up and coming quality, just like Leicester have managed. the thing with Leicester is they buy up and coming and then sell to carry that on. the trouble with buying quality is they want the wages, and then if things don't work/click you have trouble selling them due to their wages. none of that matters to Chelsea or City, and to some extent Man U.

 

[MR_BEN]

How can you possibly understand him? Isn't loading the club up on debt exactly what the Glazers have done which has been met with criticism by everyone?

Not only has Levy done the same thing to funnel all the fans money into his pocket but he openly talks about it like we should somehow be sympathetic to him.

It’s nothing like what the Glazers have done.

He’s ‘loaded the club up with debt’ to purchases tangiable assets. Assets that have as much value, if not more - than the debt itself.

The Glazers have loaded United up with huge debts, whilst not spending a penny on infrastructure or having anything to show for it.

Why? Because the debt in United is debt they took out in order to buy the football club / business. Something that is actually illegal in most places.

Normally - you take out a loan to buy a business you as the investor will pay the interest on that loan. The way the glazers structured it, the club are liable for the debt and the interest, which is huge.

Meanwhile - Old Trafford is falling apart and they could t give a shit.

The two are incomparable.

 

[yankspurs]

Don’t want to particularly feed into the Levy bashing, but a mate has asked what Levy has done wrong over the years (not that he disagrees, more that he just wants to know). I wanted to make sure I’d covered EVERYTHING so would anyone who has considered this before be kind enough to write a list? Eg.

- Super league
- Penny pinching on transfers meaning we miss out on deals or secure players too late and we’ll into pre-season.
- Going after conte when we didn’t have the financial ability to match his demands.

etc etc.

Much appreciated!

Just in the last 18 months? ESL, furlough, most expensive ticket prices for returning fans then being the only club to stick them in the nose bleeds in favor of ad boards, the evident ulterior motive behind the Conte charade(ST renewals). Before that, refusal to spend on the first team & actually back managers, constantly playing games in transfers causing us to miss out on quality, his needlessly self imposed transfer ban, etc., etc., etc.

 

[MR_BEN]

Why are you so sure they'll invest the increased revenue in the squad once the debt is cleared?

Because it’s how they have always operated. And because they know that a successful club will be a more profitable and more valuable asset.

As an investment company, they wouldn’t be looking at withdrawing cash through dividends, they’d be more interested in increasing the value of the club. How to you do that? By being successful on the pitch.

Aside from that - by the time the stadium is paid off, Joe Lewis would be about 130 and Levy would be pushing 100. That’s if they don’t refinance it again ?

 

[HodisGawd]

Every single penny goes back into the club except for the money that he takes at the end of the year tax free as a bonus as the highest paid chairman in the league. If we are broke how does that equate ?

He's not the highest paid chairman in the league and he didn't take his bonus. And he's not taking dividends because the board - him - has decided the club won't offer them. He is paid a lot, yes, but so he should be.

Why is it that the anti-Enic brigade are so low on actual facts.? If you want to criticise, then do your research and make it watertight. Lazy opinions just undermine the point.

This insidious idea that Enic is leeching money out of the club has been dealt with so many times.

No, Enic are not. But our next owners probably will.

 

[MR_BEN]

For the cleverer business types out there.

Is there anything stopping Joe Lewis from bridging the financial hole we’ve suffered due to Covid by loaning the club, say, £200m so we can get the team up to scratch now and prevent further devaluing of the asset (which will likely happen if we’re out of the Champions League and finishing lower in the table for the next 5 years)?

It feels like this is the only way to prevent us from dropping further than we did this season. Rebuilding the squad is absolutely critical.

Yes, there would be something to stop that from happening.

The club has over £1bn in loans with various banks. The club will likely have to meet certain covenants (requirements) in order to meet the ongoing terms of those loans. If you can’t meet the convenants the banks can make a call on the loan.

You can’t just keep taking on more and more debt.

Also, who says that Joe Lewis has a spare £200m laying around?

He’s worth £4bn, that doesn’t mean he £4bn in the bank. In fact - he’d be an idiot if he did.