The Daily ITK Discussion Thread - THE LAST DAY! 1st September 2014

[chinaman]

We've been bottom of the spend league for 6 years in a row now. It's just the stadium

Then we've doing pretty well.

 

[Ledleys Knee]

I think I'm right in saying that Levy himself owns a large stake in the club directly himself, either that or a large portion of shares in the company that owns our club. Was in reward for doing such a sterling job I believe, or a result of the very suspicious 'share issues' that we're common before being taken off the public sector monitoring and stock exchange.

Levy owns 29.4% of us and Lewis 70.6%.

Levy is very wealthy in his own right, not just an employee of Lewis. His family business is/wealth comes from Blue Inc: http://en.wikipedia.org/wiki/Blue_Inc

 

[Ledleys Knee]

From what I gather it was the fact that Villarreal wanted more money and the only way they could is if another party gave up their share in the player but no one was willing to do it and we weren't going to spend (considerably) more than £17million.

I could be wrong though.

I think the third party stuff will get sorted over the autumn and we'll try for him again in Jan (hopefully without competition from bigger clubs)

 

[JUSTINSIGNAL]

I think the third party stuff will get sorted over the autumn and we'll try for him again in Jan (hopefully without competition from bigger clubs)

Why would we? We already have 5 centre backs and the squad is full. If anything we need to shed one, not add more.

 

[THFCSPURS19]

We've been bottom of the spend league for 6 years in a row now. It's just the stadium

I actually looked it up a few weeks ago and our lack of net spend started in 2008, which is as we know the year we announced the stadium plans.

No coincidence whatsoever.

 

[yankspurs]

Levy owns 29.4% of us and Lewis 70.6%.

Levy is very wealthy in his own right, not just an employee of Lewis. His family business is/wealth comes from Blue Inc: http://en.wikipedia.org/wiki/Blue_Inc

There's a cheap joke in that wikipedia page somewhere

 

[Ledleys Knee]

Why would we? We already have 5 centre backs and the squad is full. If anything we need to shed one, not add more.

Kaboul is done with and the jury is very much out on Chiriches. I very much expect us to move for MM or Hector Moreno again next window.

 

[Lilbaz]

The goals are obviously aligned but it's pretty obvious to me the stadium project is held in much higher esteem in this regard than the on pitch performances.

We keep doing the bare minimum required to be competitive whilst constantly hoping to outperform those with greater resources. Have you ever thought "wow levy has really given the manager the best possible resources to reach his lofty goals here"? I haven't. Plenty of good business, but well within our means.

Not pushing on when 3rd and looking like we were really going places was the big one for a lot of us.

The new stadium is the priority. This will give us the equivalent income of CL football every season guaranteed. While it is being built we will do the best we can on the pitch to compete but will not be able to match transfer fees or wages of the top clubs.

 

[Bulletspur]

BEN is saying that enic are trying to sell to americans as soon as the new stadium is confirmed [plans, they dont actually want to build it] and that they want out. twitter though so not sure if can be posted in here or if this is the right thread for it anyway

Does that mean I will now become a BSOAA (Bastard Son Of An American)!

 

[Dean]

Jonas has left Valencia as a free agent. Bobby's old strike partner. Go for it DL!

 

[JUSTINSIGNAL]

Kaboul is done with and the jury is very much out on Chiriches. I very much expect us to move for MM or Hector Moreno again next window.

I think you will be disappointed.

 

[andyp8080]

That's precisely the problem though, if people read the accounts, or the reports of them, or took on board what people who have read them are saying then they'd know that the surplus has been going on precisely that. It's all in black and white, but instead people hold forth with their ignorance, believing that somehow Levy and Lewis are siphoning the surplus out of the club, but not bothering to make any effort to educate themselves.

agreed.............you only have to read the accounts to see the Spurs are a club living just within its means. We make a tiny profit as a % to our turnover and therefore will always rely on selling assets (i.e. star players) in order to try and evolve No a next to nothing net spend is inevitable un less we want to take on debt. As the moment we are trying to reduce debt as we prepare for the stadium.

It can not be underestimated what a huge change the new stadium will bring in terms of match day revenue. They key part of receiving the benefit of this extra income will be to have a small a debt as possible to service with this income and I believe that is what DL and his team are trying to achieve.

I guess we just need an acceptance from fans that this will be the status quo until the stadium is built and the debt is low.

Its frustrating as we seem to have been trading water on this subject for so long, but a few more years patience are probably needed.

 

[dondo]

I think I'm right in saying that Levy himself owns a large stake in the club directly himself, either that or a large portion of shares in the company that owns our club. Was in reward for doing such a sterling job I believe, or a result of the very suspicious 'share issues' that we're common before being taken off the public sector monitoring and stock exchange.

Enic own spurs and levy owns 30% of enic (70% Lewis). In my eyes levy is the chairman and Lewis is the owner

 

[AX-Spur]

Jonas has left Valencia as a free agent. Bobby's old strike partner. Go for it DL!

By the love of GOD do it!!

 

[SHaRD]

Jonas has left Valencia as a free agent. Bobby's old strike partner. Go for it DL!

He still can't register for any European club till January, by which time he will be well off the pace. He'll have to sign of a Russia, American or Brazilian etc. club.