- May 4, 2012
- 4,390
- 4,054
Spot on
Fernandez has that vacant "why didn't I listen" look, more and more these days.
That what happens when you give Redknapp a job.
Spot on
Fernandez has that vacant "why didn't I listen" look, more and more these days.
It is not about Levy and co not putting money in it is the money they are draining out and hiding. Lewis teamed up with George Soros to bet on the pound crashing out of the European Exchange Rate Mechanism. The event, which was dubbed Black Wednesday, made Lewis very wealthy, and some say he made more than Soros. Lewis is still an active FX trade. These are the type of people who own Spurs and you wonder why Fans are frustrated. Lewis does not care about Spurs just like he did not care about his countries economy and who he hurt by doing what he did.How many owners of other teams put in their own money these days?
Roman, Sheik, Fernandez... anyone else?
Do go on.....It is not about Levy and co not putting money in it is the money they are draining out and hiding.
I don't know where to begin with this one.........It is not about Levy and co not putting money in it is the money they are draining out and hiding. Lewis teamed up with George Soros to bet on the pound crashing out of the European Exchange Rate Mechanism. The event, which was dubbed Black Wednesday, made Lewis very wealthy, and some say he made more than Soros. Lewis is still an active FX trade. These are the type of people who own Spurs and you wonder why Fans are frustrated. Lewis does not care about Spurs just like he did not care about his countries economy and who he hurt by doing what he did.
It is not about Levy and co not putting money in it is the money they are draining out and hiding. Lewis teamed up with George Soros to bet on the pound crashing out of the European Exchange Rate Mechanism. The event, which was dubbed Black Wednesday, made Lewis very wealthy, and some say he made more than Soros. Lewis is still an active FX trade. These are the type of people who own Spurs and you wonder why Fans are frustrated. Lewis does not care about Spurs just like he did not care about his countries economy and who he hurt by doing what he did.
But the current mood around here stems from the opinion that we are doing the stagnating now - presumably with a view to being able to capitalise on the larger stadium more quickly than Arsenal could. The biggest barrier to us signing 'top' players at the moment is our inability to pay much more than £100k p/w wages - that is the main thing that the extra income from the stadium will address. We can and have (recently) shelled out very large transfer fees but usually the sort of player that costs £25m+ comes with wage demands that we cannot currently afford.He has a point, all this nonsense that we are suddenly going to compete with the top 4 once the stadium is built by signing top players are blinded by the fact it could stagnate us for 5 to 10 years, especially without CL monies, hence why we need serios investment either by ENIC and additional investment companies or a buyout.
It is not about Levy and co not putting money in it is the money they are draining out and hiding. Lewis teamed up with George Soros to bet on the pound crashing out of the European Exchange Rate Mechanism. The event, which was dubbed Black Wednesday, made Lewis very wealthy, and some say he made more than Soros. Lewis is still an active FX trade. These are the type of people who own Spurs and you wonder why Fans are frustrated. Lewis does not care about Spurs just like he did not care about his countries economy and who he hurt by doing what he did.
What money are they draining out and hiding? If only there was a legally binding set of financial records that you could show to prove your statement?
http://www.tottenhamhotspur.com/upl...cuments/Annual_Reports/annual-report-2013.pdf
Two weeks in and they've ducked out, I can't help wondering how much they really wanted to buy our club!
Oh well, as you were.
It's dificult to reply to this mixture of fantasy and reality without picking it apart line by line, but I'll try.
1. There is no evidence that ENIC is 'draining out and hiding' money from Spurs. The last actual evidence we have either way on this aspect of your post was the £40m interest-free loan from Lewis to THFC, which rather suggests that your paranoid imagination is working overtime here.
2. There is plenty of evidence that ENIC in general and Lewis in particular are ruthless capitalist operators, but jumping from that evidence-based fact to the conclusion that 'Lewis does not care about Spurs' flies in the face of his and Levy's backgrounds and personal histories. They are both well-known lifetime Spurs supporters from the North London Jewish community. It's obvious that they care a great deal about Spurs, but I reckon that they care even more about making a profit.
I think they want Spurs to be a profitable entity, but not for personal gain. If turning a profit was more important, I doubt very much that Levy would be working full time at Tottenham.
Let's be clear here. CH were very serious. They are not messers in the slightest. Disturbingly heard over the weekend that Levy is even worse in practice than his own reputation suggests. They will not budge (at the moment) on an absurd price. Many suspected this but when you hear it from someone closer to the goings on it's a worry.
Up until and including the Harry days it is hard to trash ENIC compared to the Sugar days. But I am concerned that they are starting to hurt Spurs.
The 'personal gain' element is long term, as befits their business model. They want Spurs to be successful and financially healthy and they have dual motivations:
1. They are Spurs fans.
2. They intend eventually to sell the club for a huge capital gain, once their RoI looks to have reached its optimum level.
In which order of importance do those two motivations come? I'd have to be inside their heads to be sure, but I'm cynical enough about capitalists to think that no. 2 would trump no. 1 anytime.
It is not about Levy and co not putting money in it is the money they are draining out and hiding. Lewis teamed up with George Soros to bet on the pound crashing out of the European Exchange Rate Mechanism. The event, which was dubbed Black Wednesday, made Lewis very wealthy, and some say he made more than Soros. Lewis is still an active FX trade. These are the type of people who own Spurs and you wonder why Fans are frustrated. Lewis does not care about Spurs just like he did not care about his countries economy and who he hurt by doing what he did.
Fuck me, this is big mate, you need to get on to the FCA right away, that kind of evidence is enough to put away Levy, Lewis, our city accountants, the whole kit and caboodle... I don't expect you to reveal sources, but where did you find this out?
...oh... what's that you say? You didn't actually find it out? You just kind of made it up? Right I see, so you don't really like the fact that they own us, so you just sort of decided they must be guilty of major criminality with no evidence whatsoever because then it stands to reason you must be correct about them... right.....ok....
Let's be clear here. CH were very serious. They are not messers in the slightest. Disturbingly heard over the weekend that Levy is even worse in practice than his own reputation suggests. They will not budge (at the moment) on an absurd price. Many suspected this but when you hear it from someone closer to the goings on it's a worry.
Up until and including the Harry days it is hard to trash ENIC compared to the Sugar days. But I am concerned that they are starting to hurt Spurs.
Fuck me, this is big mate, you need to get on to the FCA right away, that kind of evidence is enough to put away Levy, Lewis, our city accountants, the whole kit and caboodle... I don't expect you to reveal sources, but where did you find this out?
...oh... what's that you say? You didn't actually find it out? You just kind of made it up? Right I see, so you don't really like the fact that they own us, so you just sort of decided they must be guilty of major criminality with no evidence whatsoever because then it stands to reason you must be correct about them... right.....ok....
What money are they draining out and hiding? If only there was a legally binding set of financial records that you could show to prove your statement?
http://www.tottenhamhotspur.com/upl...cuments/Annual_Reports/annual-report-2013.pdf
I wonder how Lehman bros annual accounts looked before they went splat? 1st rate I suspect.
Or amazon's/apple's/etc/etc accounts currently look - they're all on the breadline!
Such are the webs of offshore accounts, it has often been impossible to know who really owns many clubs, let alone who got what.
But I think it reasonable to think both Lewis and Levy have done very nicely out of spurs,
and would be more than happy with an another 10 years like the last.
If a big stadium sponsor doesn't turn up, well that's ok too, as the value of the land will grow nicely.
The worry is purely my belief that Levy is beginning to damage the reputation of Spurs, not that he won't lower his price. It's a personal opinion that I dislike how he goes about the business of Spurs. Last season was comical and embarrassing. I've said it before, he has failed another manager he appoints as Poch is not playing the players we've just purchased. That's damning on Levy. Do we honestly believe Poch is satisfied with the investment over the summer? The stadium continues to cause utter confusion with constant miscommunication. We see the site next to the stadium being flattened, yet the club states it's taking advice on financing and looking for funding. I thought the delay in constructing the stadium was the compulsory purchase.... Clearly not. It's just an excuse.Why is it a worry?
We heard Levy doesnt want to sell, so why would he lower his price that he would listen to?