ENIC...

Delboy75 · Sep 5, 2021

Just had quick look don’t think anyone would knock us from 2nd. West Ham have a couple, but Romero is definitely biggest loan to buy by a long way.

shelfboy68 · Sep 5, 2021

SirNiNyHotspur said:
Lighty a lot of nonsense how you perceive I would be if we became successful, the fundamental point is I don’t believe we will be successful how we are run, so if we ever do become successful (not talking nearly men or best of the rest) then I give you permission to beat me down from your high horse. Now give yourself a break mate, if only Daniel cared as much about you as you him…

??

bubble07 · Sep 5, 2021

Delboy75 said:
But if you include Romero and Gollini who are near enough certain buys it goes to near on 100m which puts us 2nd.

You would add them in for next season

Delboy75 · Sep 5, 2021

bubble07 said:
You would add them in for next season

That’s debatable tbh. Majority actually thought Romero was a buy. We don’t even know the loan payment might be very large like lo celso was. So essentially it may just have been done for book keeping reasons, we’ve already agreed the 5 year contract with the guy. Personally to keep it neat and tidy I’d add on to this year otherwise next year spend looks more inflated than actually is.

shelfboy68 · Sep 5, 2021

Cream said:
It’s all about housing for them now.

secured borrowing on the asset that is the stadium. Stadium Rights would yield 300m over a ten year deal. Well...if we were in the cl. But they blew that, but it’s still a solid 250m even at 8 year old rates.

this particularly strange summer window could have created a team capable of matching Man City and Chelsea under ffp rules. The bargains were there.

christ, we could have spunked 86m on Ronaldos wages for 2 years and still had head room for messis allegedly 112m over 2 years.

and buy Grealish.

imagine, and all within ffp rules.

i slightly jest but this was the summer to strike, had Levy given a shit about THFC.

Edit, or more likely a clue. Guy seems to be the least knowledgeable ’fan‘ in the Tottenham stratosphere.

shame he is our leader

As a club we will never fall foul of FFP rules because we have the ENIC rules instead.
We was never going to put a team together to match those clubs you mention not under this ownership.
Look at many of the purchases young players on lower wages we probably have the lowest spend to wage ratio in the league or certainly close to it.
Levy isn't driven like the city or Chelsea owners to keep winning stuff year after year, instead the income from our multi purpose venue is what it's all about by increasing the revenue streams and brand awareness should they decide to sell.

shelfboy68 · Sep 5, 2021

Drink!Drink! said:
forget this or that transfer. We must not ignore what happened with Stratford and the super league. Two attempts by ENIC to steal our club and effectively turn it into a franchise. Who seriously thinks if they had another chance to steal the club, and/or kill the football pyramid in the process, all for personal enrichment they would not take it?

I don’t care about transfer windows, there is a bigger issue here. I am. proud to be a “legacy” supporter coming from several generations who lived near the stadium and supported Spurs going back to the early 1900s. I will always feel my club is in hostile hands with ENIC. I do not trust them.

Levy reminds me of one of my old bosses even looks the same and he was the same as in any word that left his mouth could never be trusted always saying one thing to placate people but had a different agenda.

Mattspur · Sep 5, 2021

ohtottenham! said:
Stratford and ESL are right there in the conversation for obvious, historical reasons, and they always should be if we as fans want any kind of agency and voice re accountability and intention from Enic/Levy. You're just saying that someone else would have done it anyway and so wtf.

It takes a bit more than "look at this or that transfer window" to convince many fans that the 20+ years of Enic/Levy ownership/leadership/control is always working in the interests of THFC. It ain't! It wasn't with Stratford and it wasn't with ESL; that's my opinion as a fan.

lets be honest. You have absolutely no idea what’s in the best interest for THFC. It might not be what you like but certainly joining the ESL would be very much in the interest of THFC. If it went ahead without us we’d be ruined.

Delboy75 · Sep 5, 2021

Lewis/Tavistock has a massive portfolio of businesses and some very very large ones. So he really isn’t reliant on THFC to put fuel his boat. Obviously the exit profit he’s made on Spurs is substantial by anyone’s measure. So that’s pretty much guaranteed, they’ve got a great financing deal on the stadium, which more or less guarantees now the club will always be profitable. I understand some owners will look at their clubs as more of a play thing than others. But with the overall picture so financially good and Lewis not getting any younger. You may think he just might want to have a bit of fun and see some glory days. But sadly that looks unlikely.

shelfboy68 · Sep 5, 2021

Mattspur said:
lets be honest. You have absolutely no idea what’s in the best interest for THFC. It might not be what you like but certainly joining the ESL would be very much in the interest of THFC. If it went ahead without us we’d be ruined.

I don't think the ESL is dead I can see this happening in a few years club owners won't let it go.

davidmatzdorf · Sep 5, 2021

Delboy75 said:
Lewis/Tavistock has a massive portfolio of businesses and some very very large ones. So he really isn’t reliant on THFC to put fuel his boat. Obviously the exit profit he’s made on Spurs is substantial by anyone’s measure. So that’s pretty much guaranteed, they’ve got a great financing deal on the stadium, which more or less guarantees now the club will always be profitable. I understand some owners will look at their clubs as more of a play thing than others. But with the overall picture so financially good and Lewis not getting any younger. You may think he just might want to have a bit of fun and see some glory days. But sadly that looks unlikely.

He hasn’t made any kind of exit profit yet. That won’t happen until ENIC sell THFC.

EDIT: Looks as if I'm going to need to explain this to the knee-jerk ENIC-rant characters. An "exit profit", by definition, crystallises upon a sale. You need to "exit" from ownership of the asset before you can quantify an exit profit. ENIC have not sold the club, last time I looked. So there has been no exit profit. It's not a value judgment, nor a statement of approval of ENIC's stewardship. I am clarifying a financial fact.

Lighty64 · Sep 5, 2021

shelfboy68 said:
As a club we will never fall foul of FFP rules because we have the ENIC rules instead.
We was never going to put a team together to match those clubs you mention not under this ownership.
Look at many of the purchases young players on lower wages we probably have the lowest spend to wage ratio in the league or certainly close to it.
Levy isn't driven like the city or Chelsea owners to keep winning stuff year after year, instead the income from our multi purpose venue is what it's all about by increasing the revenue streams and brand awareness should they decide to sell.

thats because our owners don't have anywhere near their wealth. their owners get richer by the day with their sales of oil.

we was told from the start we would be run self sufficently, so put that and the above line into perspective we have done very well under their ownership. I know we haven't got the trophies but the way you whinge you'd think we haven't even been in with a chance.

ohtottenham! · Sep 5, 2021

Mattspur said:
lets be honest. You have absolutely no idea what’s in the best interest for THFC. It might not be what you like but certainly joining the ESL would be very much in the interest of THFC. If it went ahead without us we’d be ruined.

Wait a sec, you're telling me I have no idea what's in the best interest of THFC and then go on to tell me exactly what would be. That's fine because "that's just your opinion man" in the same way I expressed mine.

There are reasons why the ESL was negotiated and planned in private without fan input. There are reasons why that shit also blew up in their faces once that monstrosity, my opinion, was unveiled...fan input/reaction being principal among those reasons.

This really goes to the heart of what it means for each of us to be a fan of football as a competitive sport, a fan of a football club, our own ideas/concepts of loyalty to a club. We can decide for ourselves. I am an old as fuck legacy fan - they profiled me pretty well. My personal opinion, like yours, doesn't matter much.

I like the idea of active fan input being part of whatever decision-making process that determines the direction of our club and football in general.

Delboy75 · Sep 6, 2021

davidmatzdorf said:
He hasn’t made any kind of exit profit yet. That won’t happen until ENIC sell THFC.

EDIT: Looks as if I'm going to need to explain this to the knee-jerk ENIC-rant characters. An "exit profit", by definition, crystallises upon a sale. You need to "exit" from ownership of the asset before you can quantify an exit profit. ENIC have not sold the club, last time I looked. So there has been no exit profit. It's not a value judgment, nor a statement of approval of ENIC's stewardship. I am clarifying a financial fact.

I think you’re being a bit pedantic David. They bought the club for like £75m and it’s now valued at £1.5-2bn. He wouldn’t have been able to get the stadium loan without that valuation so obviously it counts for something. Agreed selling a football club at the price you want is no easy task. But the simple facts are unless something absolutely disastrous happened like relegation he’s sitting on a huge profit that’s just waiting to be cashed in.

ohtottenham! · Sep 6, 2021

davidmatzdorf said:
He hasn’t made any kind of exit profit yet. That won’t happen until ENIC sell THFC.

EDIT: Looks as if I'm going to need to explain this to the knee-jerk ENIC-rant characters. An "exit profit", by definition, crystallises upon a sale. You need to "exit" from ownership of the asset before you can quantify an exit profit. ENIC have not sold the club, last time I looked. So there has been no exit profit. It's not a value judgment, nor a statement of approval of ENIC's stewardship. I am clarifying a financial fact.

Your first sentence was sufficient, David. He made a simple tense error at one point of his post - that's all. "Exit" is commonly understood in terms of meaning/usage by most of us. That means all navel gazers whether they're Enic inners/outers, shake it all abouters/undecideds etc.,

davidmatzdorf · Sep 6, 2021

Delboy75 said:
I think you’re being a bit pedantic David. They bought the club for like £75m and it’s now valued at £1.5-2bn. He wouldn’t have been able to get the stadium loan without that valuation so obviously it counts for something. Agreed selling a football club at the price you want is no easy task. But the simple facts are unless something absolutely disastrous happened like relegation he’s sitting on a huge profit that’s just waiting to be cashed in.

Certainly. But you used the phrase "exit profit", which only comes to pass when an owner sells! Until then, it is a potential profit and an increase in the value of assets.

I don't think it's inappropriately pedantic, in light of the number of people here who still think that ENIC take an income from THFC, that are "making money" from the club. They aren't: they own a valuable asset that they have increased in value over a 20-year period. It's a very different thing, financially.

The profit materialises only when they sell.

topper · Sep 6, 2021

davidmatzdorf said:
Certainly. But you used the phrase "exit profit", which only comes to pass when an owner sells! Until then, it is a potential profit and an increase in the value of assets.

I don't think it's inappropriately pedantic, in light of the number of people here who still think that ENIC take an income from THFC, that are "making money" from the club. They aren't: they own a valuable asset that they have increased in value over a 20-year period. It's a very different thing, financially.

The profit materialises only when they sell.

True and I genuinely don’t understand why some fail to grasp this (but Lewis isn’t getting any younger so if he wants to see a ‘profit’ on his investment he better look to sell up pretty sharpish unless he sees it as an investment to survive him and it’s for the family?)

carmeldevil · Sep 6, 2021

topper said:
True and I genuinely don’t understand why some fail to grasp this (but Lewis isn’t getting any younger so if he wants to see a ‘profit’ on his investment he better look to sell up pretty sharpish unless he sees it as an investment to survive him and it’s for the family?)

The latter. I mean you can say the same for all of his other investments. He has a lot tied up in many things (property, team, yacht, art, etc) I am sure he's content with leaving a legacy for his children, especially his daughter, to take over and continue on.

Delboy75 · Sep 6, 2021

My point was really that he’s not getting any younger. They’ve more or less done the hard work, like I said barring some absolute disaster like relegation or some horrendous new form Covid the profit is there to cash in at some point. So why not have a bit of fun with your investment before you pop off ?

shelfboy68 · Sep 6, 2021

Delboy75 said:
My point was really that he’s not getting any younger. They’ve more or less done the hard work, like I said barring some absolute disaster like relegation or some horrendous new form Covid the profit is there to cash in at some point. So why not have a bit of fun with your investment before you pop off ?

Both levy and Lewis will want a huge amount for a club that doesn't win anything is going to be a tough sell.
Would be nice to think that within the next five years both of them have fucked off out of the club.

Delboy75 · Sep 6, 2021

Just watching that bbc fever pitch was pretty good, went into MUTV though. Looking forward to them showing Abramovich driving through Tottenham thinking it’s a war zone ?

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