ENIC...

SUIYHA said:

I'll bet you any amount of money you like that we'll win more than all of those clubs put together over the next 17 years

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mkkid said:

ok we going win 3 league cups ,one fa and the the title. How much?

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mkkid said:

ENIC have forked out 28 million to buy the club and then bought out more of the shares later on.
They will sell the club at a over a billion pounds and we will be saddled with debt.
One cup in 17 tears, we are current on par with Villa, Birmingham and Wigan in cup wins this century. Leicester have won more than spurs this century.
This is absolute failure by the club and I constant read about who wonderful everything is. Will we have chirpy 2nd place mascot in ten years.
Its almost like Stockholm syndrome with the disciples of Daniel.

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Francis Gibbs said:

Spot on .... some would have a statue put up of the tight bald dwarf just because we 'put pressure on'
Spurs will never be anything more than a very fat cash cow for ENIC

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Mr.D said:

Well, no actually. I'm a boob man you see...

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Francis Gibbs said:

Spot on .... some would have a statue put up of the tight bald dwarf just because we 'put pressure on'
Spurs will never be anything more than a very fat cash cow for ENIC

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Francis Gibbs said:

Spot on .... some would have a statue put up of the tight bald dwarf just because we 'put pressure on'
Spurs will never be anything more than a very fat cash cow for ENIC

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Francis Gibbs said:

Spot on .... some would have a statue put up of the tight bald dwarf just because we 'put pressure on'
Spurs will never be anything more than a very fat cash cow for ENIC

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whitestreak said:

By the time our stadium is complete, ENIC will have invested approx a Billion pounds in Spurs.

Ah people can say they have not put the money in ......the banks have....The thing is have, in the same way that when you buy house, you get a mortgage.



You don't say well I bought my house for £500k ...and the bank put up 400k and I put up100k, ........they own my house.

you own your house the bank have lent against it.



The difference is that if push came to shove and things went wrong they have the money to pay back the banks!



Assuming the figure of £800m is correct for the Stadium complex and £100m for the training ground, then the expenditure is there for all to see.



Some supporters moan about "how tight our owners are" because they do not get x or Y player in the window.



No one outside a select few in the club/enic really knows that much about our transfer business, particular on deals that fall through or why?

Did we pass on a player for what reason? Was it Levy? Was it Poch? Was it the players parents or agent ? was the agent on a "bung" elsewhere etc.

To say we lack ambition after finishing 2nd in the table last season and 3rd the year before is somewhat unfair as we enter the last 16 of the CL.



I do not think that we are run by a bunch of idiots, so if its obvious to me that they need success on the pitch to protect their £billion investment,

it is obvious to them!



Nottingham Forest won 2 CL titles, Where are they today, Before them Blackpool and Preston North End were among the biggest clubs in the UK.

Football is a cyclical business, you have to build a sustainable base



I actually do not know of another club/owner that has ever spent as much money as us! So much for lack of ambition! Poch can see this which is why he is going nowhere , and possibly Harry too.

ENIC has a simple ambition ..........to build Spurs into the biggest club in the UK and then Europe.



The other bug bear of mine is how ENIC were always said to be in it for the short term, Is this the same ENIC, who are now the longest serving owners of a team in the EPL?



They want to build a sustainable model, and they are about 6 months away from completing on the first stage of it.

They merely are choosing to do it a different way, having stuck a billion in, they can! They have a lot more riding on it than anyone else.

So who owns the club? Them or the fans. It is also not just the fans, who pay money but sponsors and or NFL teams/fans etc...

The fans are the customer of the club, not the owner. Like any other business.

And they own that business not you or I. Therefore all the assets belong to them, subject to the bank, and the tax man. Not to us fans.

Obviously like with any business, the need to keep the customer happy, to continue sales, but don't confuse that with ownership.

Spurs today must be worth close to £1.5bn....in fact a friend of mine last july was with a delegation of Chinese buyers trying to buy Woolwich, and Kroenke turned down £2BN, saying it is not enough, this after making them prove the funds.

So forget about 120m...to take it to a ridiculous extreme ...its like saying £1000 stake in apple in 1982 is still worth 1000 not a billion or more.

Obviously the value is what anyone will pay...

They are far from perfect, but I for one, actually would not swap them for anyone else.

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Donki said:

All this about ENIC taking the loans out in THFCs name, what exactly is wrong with that? As has been Said ENIC are a business and will make a fortune out of us, so what. As of next year they will have transformed every aspect of our club on and off the pitch.

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am_yisrael_chai said:

Ok you don’t believe me perhaps you will believe the club’s CFO who stated that our match day revenues will grow to in excess of £100m, which is the same level as the goons and currently the highest in world football.

https://www.bloomberg.com/news/arti...ur-agrees-to-897-million-plan-for-new-stadium

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davidmatzdorf said:

I agree with your post, but it's even strange that people should write about "ENIC taking the loans out in THFC's name". ENIC are not the developers of the NDP. ENIC don't own the land upon which the development is being built and upon which loans are initially secured. The development is a project of THFC, not ENIC, and a development vehicle set up and owned by THFC is developing the NDP - not ENIC.

There would be zero reason for ENIC to be the borrower for the development loans. A lender would want to see that THFC, as the developer, can provide sufficient security for the loans, first by securing the development site itself, at an increasing value as the development proceeds, then by charging other properties that are un-mortgaged, finally (undesirably from, a developer's standpoint) by way of a floating charge over all THFC's assets (floating charges are what you agree to when you're a bit desperate).

The only way ENIC would normally become involved is if the lender demanded guarantees, bonds or underwriting as a condition of the loan. Then one could see why ENIC might get roped in to stand as guarantor, if the lender perceived a risk that THFC might default on repayments. But that isn't where we are. I have seen no suggestions that THFC would need that kind of underwriting, precisely because the finances of the club are so solid, by comparison with other football clubs.

So it isn't "ENIC taking the loans out in THFC's name". It's THFC taking out the loans itself, in its own right. It's a separate business.

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Lilbaz said:

Ok apart from city and chelsea which owners which premiership owners would you swap enic for?

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Wheeler Dealer said:

City and Chelsea owners are not in it to profiteer.

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tiger666 said:

You make it sound like they're honourable and to be applauded.

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am_yisrael_chai said:

Ok I’m happy to keep going.

I’ve read the public documents, there is no reference to a guarantee from Tavistock. The loan is secured against the assets of THFC not ENIC so the limited/unlimited status of ENIC is irrelevant. I stand by everything I said in my post. If someone wants to provide the evidence of a Tavistock guarantee on the syndicated loan I will be happy to admit my error.

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