ENIC...

[rossdapep]

Levy is 29.4% ENIC

I suppose Levy could realise himself that he's outstayed his welcome and pass the mantle to someone else. Or sell his part to someone?

That's obviously wishful thinking on my part but the blokes been there 20 years, at some point he must think he's had enough trying to get it right?

 

[nailsy]

IF it’s true and we only have £30m to spend in January, serious questions needs to be asked about where the money is going and what ENIC’s motives are.

I’d never felt more optimistic when the news broke that ENIC had given us a £150m cash injection. I assumed (and was told by the likes of Ali Gold, Dan KP etc) that the £150m would be propped up by the stadium revenue, any existing budget, player sales and European qualification prize money.

In reality, that £150m was our entire transfer budget. Which begs the question, why on Earth did we need a cash injection with the “game changing” stadium we built specifically to keep us competitive with the big clubs?

We still have £50m to draw down from that £150m and now we’re being told the budget is £30m for January when the likes of Chelsea are spending ~£300m and Arsenal are spending at least £100m.

ENIC are using Tottenham to line their own pockets. I know many have said this previously, but it’s never been more obvious.

Sorry, who's saying we've only got £30m to spend? I've missed this.

I just had a quick look at our spending so far this season and it's around £116m if you include Romero and Udogie - that's how it's shown on TransferMarket anyway. It's not exactly small change, but like you say there are questions that need to be answered about the finances.

 

[kendoddsdadsdogsdead]

I'm not getting nervous on behalf of ENIC. But you're saying "protest" - what does that achieve? Genuinely? What protest is going to make them go "oh actually, you know what, this fanbase that has pretty much detested me for the last 10 years is now being really mean to me, I mean I still have a capacity stadium that consumes an insane amount of food and beer and a property development that is extremely profitable, but Darren and Steve called me a ****".

Like, literally, what is the endgame.

I'd like to know as I think all Spurs fans are united behind this - but I'm just being practical.

They’re still human, It’s not just Darren and Steve. 40 thousand people chanting for you to go is very powerful. It clearly effected him in some way last time when he got a small proportion of that along with Nuno and he sacked Nuno within hours. like any other human if you don’t feel appreciated you are not going to want to stay in that environment, either look to find a way out or at least try and change that perception, That is only natural.

Mike Ashley I’m sure has got a much thicker skin then Levy and he wanted out and was encouraging offers. Glazers want out because of the fans and they set foot in the stadium once in a blue moon.

I really don’t think we have thousands of fans lined up to take up seats of those who might stop attending. you’d get offered a season ticket tomorrow afternoon if you joined the waiting list in the morning. That’s the situation at the moment. So I really don’t think fan happiness is something the business side of ENIC can take lightly. Let’s see how full the stadium is for the cup game at the weekend.

The end game is to get a club back that has football as it’s first and second thought

 

[aRTy]

I also feel that those stating that ENIC have backed Conte are missing the point.

It's not about backing for 1 or 2 windows it's about backing until achievements are met.

Did Klopp fix Liverpool's defensive woes in 2 windows? no

Did Klopp have to accept 'stop gaps' or 'club signings' at first? Again, no.

Same for Arteta.

Klopp got 2 or 3 significant players each window, until that starting 11 looked different to the one he found.

The club need to bring in 2-3 significant players this window so that by the end of January we are fielding Deki, Bentancur, Romero, new RWB, Perisic, new attacker, Richarlison and new CB.

Then we'll start to see Conte's ideas fulfilled and more importantly it'll be his team.

That's the thing now isn't it. The stadium is done and covid is now out of the way. They're now running out of excuses to invest in team consistently with the amount of income they receive from ticket prices and match day revenue.

 

[YB123]

I remember everyone laughing at Arsenals business.

Not laughing now. But they're sure forgetting that they did laugh.

Did you laugh at 50 million for Ben White?
Would you like our new owners to sack Conte and poach Arteta at any cost?

just trying to work out what it is we all want to happen once these new owners take over.

I certainly wasnt laughing at the signings of Jesus & Zinchenko.

The point is they are reacting and having a right go in the market.

Spurs fans seem to care far too much about fees.

 

[rossdapep]

I remember everyone laughing at Arsenals business.

Not laughing now. But they're sure forgetting that they did laugh.

Did you laugh at 50 million for Ben White?
Would you like our new owners to sack Conte and poach Arteta at any cost?

just trying to work out what it is we all want to happen once these new owners take over.

I can admit that I laughed.

This is largely because at the time Arteta looked clueless and some of these signings looked poor in their first few games. I also thought they were overspending.

I personally thought Ben White was good but not 50m good, for example. Still don't actually.

Thought Jesus was worth the value and Partey would be good for them.

But I do think they overpaid for a few players.

My problem with ENIC isn't overpaying (theyve done that a few times though), it's not willing to stretch out for players who would have totally been worth it.

 

[Stoof]

They’re still human, It’s not just Darren and Steve. 40 thousand people chanting for you to go is very powerful. It clearly effected him in some way last time when he got a small proportion of that along with Nuno and he sacked Nuno within hours. like any other human if you don’t feel appreciated you are not going to want to stay in that environment, either look to find a way out or at least try and change that perception, That is only natural.

Mike Ashley I’m sure has got a much thicker skin then Levy and he wanted out and was encouraging offers. Glazers want out because of the fans and they set foot in the stadium once in a blue moon.

I really don’t think we have thousands of fans lined up to take up seats of those who might stop attending. you’d get offered a season ticket tomorrow afternoon if you joined the waiting list in the morning. That’s the situation at the moment. So I really don’t think fan happiness is something the business side of ENIC can take lightly. Let’s see how full the stadium is for the cup game at the weekend.

The end game is to get a club back that has football as it’s first and second thought

I've put my ticket on the ticket exchange for the last four matches less than 4 days before the game and sold it. There's appetite for the PL.

Sacking Nuno (i.e. a football decision, part of his job) is different to selling up and fucking off.

Maybe I should clarify what I'm saying, because it seems you're answering a question I haven't asked: Daniel Levy will not be bought out in this market. ENIC will not be bought out in this market. There is no buyer for us. You can have everyone call him a ****, he's not going to sell because of that.

JL or VL is not going to buy him out as they won't see the money back.

How else do you think Levy parts ways with Tottenham (an incredibly well-run, successful, profitable business that's sorting out generations of his family?)

There is no immediate or rapid response to any of this and, selfishly, I'd rather not go to the only thing I get an escape from the pressures of work and family life to hear people chanting a load of bile and making the place miserable and it resonating with the players. As that doesn't help either.

 

[Finchyid]

I've put my ticket on the ticket exchange for the last four matches less than 4 days before the game and sold it. There's appetite for the PL.

Sacking Nuno (i.e. a football decision, part of his job) is different to selling up and fucking off.

Maybe I should clarify what I'm saying, because it seems you're answering a question I haven't asked: Daniel Levy will not be bought out in this market. ENIC will not be bought out in this market. There is no buyer for us. You can have everyone call him a ****, he's not going to sell because of that.

JL or VL is not going to buy him out as they won't see the money back.

How else do you think Levy parts ways with Tottenham (an incredibly well-run, successful, profitable business that's sorting out generations of his family?)

There is no immediate or rapid response to any of this and, selfishly, I'd rather not go to the only thing I get an escape from the pressures of work and family life to hear people chanting a load of bile and making the place miserable and it resonating with the players. As that doesn't help either.

due to the train situation and the probable atmosphere I chose not to go today. I am not sure if I want to take my 10 yo daughter on Saturday..it’s a horrible environment and I don’t want her to hear it.

 

[Bluto Blutarsky]

I've put my ticket on the ticket exchange for the last four matches less than 4 days before the game and sold it. There's appetite for the PL.

Sacking Nuno (i.e. a football decision, part of his job) is different to selling up and fucking off.

Maybe I should clarify what I'm saying, because it seems you're answering a question I haven't asked: Daniel Levy will not be bought out in this market. ENIC will not be bought out in this market. There is no buyer for us. You can have everyone call him a ****, he's not going to sell because of that.

JL or VL is not going to buy him out as they won't see the money back.

How else do you think Levy parts ways with Tottenham (an incredibly well-run, successful, profitable business that's sorting out generations of his family?)

There is no immediate or rapid response to any of this and, selfishly, I'd rather not go to the only thing I get an escape from the pressures of work and family life to hear people chanting a load of bile and making the place miserable and it resonating with the players. As that doesn't help either.

Lewis does not need to buy Levy out to change the chairman.

 

[fishhhandaricecake]

They’re still human, It’s not just Darren and Steve. 40 thousand people chanting for you to go is very powerful. It clearly effected him in some way last time when he got a small proportion of that along with Nuno and he sacked Nuno within hours. like any other human if you don’t feel appreciated you are not going to want to stay in that environment, either look to find a way out or at least try and change that perception, That is only natural.

Mike Ashley I’m sure has got a much thicker skin then Levy and he wanted out and was encouraging offers. Glazers want out because of the fans and they set foot in the stadium once in a blue moon.

I really don’t think we have thousands of fans lined up to take up seats of those who might stop attending. you’d get offered a season ticket tomorrow afternoon if you joined the waiting list in the morning. That’s the situation at the moment. So I really don’t think fan happiness is something the business side of ENIC can take lightly. Let’s see how full the stadium is for the cup game at the weekend.

The end game is to get a club back that has football as it’s first and second thought

Great post mate ?

 

[glacierSpurs]

This is brilliant. Just look at his money face. He needs a strong message sent to him by the fans. Without fans, he's nothing. I'm not even asking him to be gone in the first place. But if after so many years he's still doing what's detrimental to the development of the club's footballing success, he has to go. Every one of you the fans attending the games are paying with hard-earned money to watch, you guys have the loudest voice. There has to be constant pressure on Levy and ENIC, at least there is chance things move and create a effect of change. Is better than doing nothing all these years thinking things will be better, but it really didn't improve us as club AT ALL.

 

[McFlash]

Yes, but not one relating to strong-arming a person into selling something below market-value when they have zero reason to, and by which there are no (legal) actions that you can take to change that or the market conditions.

I'm as fed up as the next person. But he's not going to sell, so it is genuinely a pointless endeavour.

It's not so much about getting ENIC to sell, it's more about getting Levy removed from his position.

That would be a start and something that could be helped by fan unrest.
Chanting at him every game will create bad press and could well lead to Joe moving him aside.

You're right, we can't get rid of ENIC but we may be able to get rid of Levy from the chairman's seat.

 

[KaribYid]

Lewis does not need to buy Levy out to change the chairman.

Exactly.

Lewis is the 70% shareholder in the club. He's the owner. Levy is a minority owner. Lewis can decide to get rid of Levy (and the entire board) and replace them with whoever he feels. Levy will still be a part owner but the power of majority ownership belongs to Lewis.

For a long time he's delegated that power to Levy (and he's done a wonderful job increasing Lewis' investment) but if Lewis or anyone he delegates power to in his family trust wants a change of direction then they are free to do as they please.

There are changes that can be made that doesn't require ENIC selling up.

 

[spursfan77]

I remember the bad times too and it sucked. But we've been promising to win something for over 10 years now and this barren run means that everything has become stale, cause we don't seem close to winning trophies.

ENIC/Levy had a plan which was to make this club generate huge revenue so that we could compete and if you listen to what they've said since they reached this objective, the message has become mixed.

They quite simply don't know how to achieve success on the pitch and Levy is just bounding from one solution to another all the while pulling the wool over our eyes.

In some cases, this is even worse.

Under sugar, we were shit, we KNEW we were shit, Sugar never promised anything, but it always felt like the club was for sale so things could change. We also didn't go so long without a trophy, as shit as it was. We also had some flair players to enjoy.

Under ENIC, we've been promised things all along the way, the club have gone from one style of coach to another, they've hired horrendously at times and fired poorly at times. Theyve asked for fans to pay the most in the country, yet not delivered results to match.

They have overseen us go from a midtable club to a club pushing at the top. But I believe some of that has been down to certain coaches correcting shit appointments (Redknapp after Ramos, Jol after Santini)

They got the Poch one correct but even that came after the AVB disaster (which they didn't learn from his time at Chelsea) and hilarious Sherwood appointment. And even that wasn't a Levy choice, apparently.

Levy just isn't good at selecting the right coach unless it's forced upon him.

They lack vision and for some that's worse because you get told one thing but another happens.

I think so can speak for most when I say these last few years have been the most deflating we've had simply because so much was promised, so much looked good, yet it's all been taken away because of Levy's bean counting.

For me, that's worse.

I had zero expectations under Sugar.
I had many expectations under Levy, yet almost all of them are crushed as soon as we get a little closer.

I agree. It’s just beyond obvious it’s the right time for them to sell or at least there be a shake up behind the scenes at boardroom level. But when you’ve got one of the owners as the chief exec running things it’s bloody hard to do that.

All the back pages today have comments from Conte about him needing players, and more importantly, reporting about us singing the anti Levy songs. I’m sure they give zero shots about us as fans but he won’t like that kind of coverage at all.

 

[fishhhandaricecake]

I remember the bad times too and it sucked. But we've been promising to win something for over 10 years now and this barren run means that everything has become stale, cause we don't seem close to winning trophies.

ENIC/Levy had a plan which was to make this club generate huge revenue so that we could compete and if you listen to what they've said since they reached this objective, the message has become mixed.

They quite simply don't know how to achieve success on the pitch and Levy is just bounding from one solution to another all the while pulling the wool over our eyes.

In some cases, this is even worse.

Under sugar, we were shit, we KNEW we were shit, Sugar never promised anything, but it always felt like the club was for sale so things could change. We also didn't go so long without a trophy, as shit as it was. We also had some flair players to enjoy.

Under ENIC, we've been promised things all along the way, the club have gone from one style of coach to another, they've hired horrendously at times and fired poorly at times. Theyve asked for fans to pay the most in the country, yet not delivered results to match.

They have overseen us go from a midtable club to a club pushing at the top. But I believe some of that has been down to certain coaches correcting shit appointments (Redknapp after Ramos, Jol after Santini)

They got the Poch one correct but even that came after the AVB disaster (which they didn't learn from his time at Chelsea) and hilarious Sherwood appointment. And even that wasn't a Levy choice, apparently.

Levy just isn't good at selecting the right coach unless it's forced upon him.

They lack vision and for some that's worse because you get told one thing but another happens.

I think so can speak for most when I say these last few years have been the most deflating we've had simply because so much was promised, so much looked good, yet it's all been taken away because of Levy's bean counting.

For me, that's worse.

I had zero expectations under Sugar.
I had many expectations under Levy, yet almost all of them are crushed as soon as we get a little closer.

Such a Good post as always ??

 

[spursfan77]

Exactly.

Lewis is the 70% shareholder in the club. He's the owner. Levy is a minority owner. Lewis can decide to get rid of Levy (and the entire board) and replace them with whoever he feels. Levy will still be a part owner but the power of majority ownership belongs to Lewis.

For a long time he's delegated that power to Levy (and he's done a wonderful job increasing Lewis' investment) but if Lewis or anyone he delegates power to in his family trust wants a change of direction then they are free to do as they please.

There are changes that can be made that doesn't require ENIC selling up.

I mentioned this yesterday but legally this is no longer true. His shares are held in a discretionary trust where members of his family are potential beneficiaries. That trust is run by 2 trustees who are now in control of matters regarding Enic. They can do what Lewis advises but they don’t have to legally follow his requests. This has been done to tee up his family’s role in the running of the club once he dies. At the moment and until the trustees action any changes that is the current position. Levy’s hand has never been stronger right now because of it. We will find out if Lewis is actually unhappy because if he is then things might progress in regard to this, if not, then you can bet he’s fine with Joe Levy is handling things.

 

[KaribYid]

I mentioned this yesterday but legally this is no longer true. His shares are held in a discretionary trust where members of his family are potential beneficiaries. That trust is run by 2 trustees who are now in control of matters regarding Enic. They can do what Lewis advises but they don’t have to legally follow his requests. This has been done to tee up his family’s role in the running of the club once he dies. At the moment and until the trustees action any changes that is the current position. Levy’s hand has never been stronger right now because of it. We will find out if Lewis is actually unhappy because if he is then things might progress in regard to this, if not, then you can bet he’s fine with Joe Levy is handling things.

I don't think Lewis and his family would hire trustees who are adversarial to their wishes. Legally they don't have to follow his orders but he's reportedly hired people who have worked for him for a long time. I'm sure they'll be deferential to his advice.

If he is indeed positioning his daughter to takeover the club after he's gone then I can see him allowing for her to engage in decision making at the club through the trustees.

 

[spursfan77]

I don't think Lewis and his family would hire trustees who are adversarial to their wishes. Legally they don't have to follow his orders but he's reportedly hired people who have worked for him for a long time. I'm sure they'll be deferential to his advice.

If he is indeed positioning his daughter to takeover the club after he's gone then I can see him allowing for her to engage in decision making at the club through the trustees.

I agree, but there are fall outs in these situations all the time. If I was Lewis, I would be accelerating his succession planning whilst he’s still alive and has influence over the trustees. I’d be doing that sooner or later.

 

[sundanceyid10]

We only seem to target the league or CL.

We just need to win something.... League cup, fa cup.... Any of the European cups

The players Conte and past managers want seem to have a pick of clubs to join. We don't offer the best wages, Or a chancer at silverware.

Our transfer budget and wage structure need to dramatically increase to compete.

Absolutely winning actual trophies breeds a winning culture. Not happening under Levy though.

 

[sundanceyid10]

I don’t actually agree with that mate, #notogattuso stopped us hiring him.

Protests after and during Nuno’s time influenced his sacking and the hiring of conte as Levy and the board could see the fans were turning on the board.

Protests against owners have made a difference at Man.U, Arsenal, Liverpool etc.

Also I doubt constant protests would do much good PR for Levy/ENIC, the value of the club and it could make uncle joe take note of the protests are big enough and serious enough.

We won’t know unless we try and it’s been 20 years of rinse and repeat and sucking the soul out of our great football club, we owe it to the club to speak up and try, so so many now are finally waking up and smelling the coffee when it comes to Levy meddling on the football side and leading this constant cycle of hire and fire and poor player recruitment and a mess of a plan and chopping and changing of strategy on the football side. Let’s not let Stockholm syndrome kick in, let’s take action now and get Levy out the door.

Enough is enough.

Levy would hate negative PR aimed at himself.