- Jan 16, 2019
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Why not?I live across the road so having the boxing here is my worst nightmare. No thanks
Why not?I live across the road so having the boxing here is my worst nightmare. No thanks
Yes, but isn't the club owned by ENIC? In other words, the money earned going to club goes to ENIC by defaultEh? Surely it would go to the club? That can't be right - the debt is taken out against the club, the stadium is owned by the club...the money goes to the club
Yes, but isn't the club owned by ENIC? In other words, the money earned going to club goes to ENIC by default
No because ENIC don’t take a dividend out of the club. Haven’t since 2009.
Yes, but isn't the club owned by ENIC? In other words, the money earned going to club goes to ENIC by default
I was just asking a question. I am ignorant of these issues and was stating what I believe was correct. Obviously you know the true position, however you can divulge it without sounding so condescending.So every transfer fee we receive, every gate receipt, sponsorship...it all goes to them does it?
ENIC may be the owner but they’d need to dividend the money out and I can’t think they’d do that
Thanks for the clarification @coys200No because ENIC don’t take a dividend out of the club. Haven’t since 2009.
I was just asking a question. I am ignorant of these issues and was stating what I believe was correct. Obviously you know the true position, however you can divulge it without sounding so condescending.
No probSorry, didn’t mean it to come across like that
Eh? Surely it would go to the club? That can't be right - the debt is taken out against the club, the stadium is owned by the club...the money goes to the club
Gary Mabbutt told me this, so unless he's wrong..........I think that’s incorrect. The stadium is owned by the club.
Gary Mabbutt told me this, so unless he's wrong..........
He said it applied to any gigs, boxing matches etc.
Ironically, one of the shareholders of ENIC(well in his family trusts name) is the highest paid chairman in the Premier League.As several people have said, ENIC are shareholders, so unless the club were to pay them a dividend out of annual profits, they don't "take money out of the club". They haven't taken a dividend for years - someone said 2009 and that may be the right date, I don't know.
ENIC's business model is not revenue-based - they don't milk their assets for cash. Their objective is long-term capital growth, hence "English National Investment Company". They buy an undervalued asset, or one where they think improved management can add value, then they invest in it over the course of many years to increase its value.
Eventually, when they think they have added the maximum possible value per year of ownership, they might decide to sell at a profit. But they don't generally take cash out of their investments in the meantime.
Ironically, one of the shareholders of ENIC(well in his family trusts name) is the highest paid chairman in the Premier League.
Ironically, one of the shareholders of ENIC(well in his family trusts name) is the highest paid chairman in the Premier League.