ENIC...

[Lighty64]

Try reading your own mate

no I put a fact down, you come out with your schoolboy dribble. the stadium at the moment has Football more than anything else, and while Levy is here no other sport will ever have more events than we have.

if you sell out to an NFL team you are chancing we won't ever have backing at all

 

[wrd]

You really are Bus conducter in disguise arnt you? FT ?

My knowledge of the South Macedonian 3rd division managerial pool probably undermines that I'm afraid

 

[Shadydan]

My knowledge of the South Macedonian 3rd division managerial pool probably undermines that I'm afraid

That's exactly what BC would say!

 

[Lighty64]

This constant calling out of people that give certain ratings is pathetic, it has become more frequent recently, the pity party lighty sort yourself out, I’d say 90% of the negative ratings I got were when I’ve said something negative about ENIC, it goes both ways. The ratings system is simple, you want to express a view but a) don’t have the time to respond or b) couldn’t be bothered getting in a repetitive conversation with certain posters who spout the same crap (again, yes goes both ways!) so the ratings system has a very useful function, the only way I ever see it abused is when people instantly give you retaliatory ratings, but that just a childish irritation of mine... Instead of the constant calling out of people that for their own reasons chose to use only the rating (maybe that’s how they feel comfortable, not everyone likes talking on open forums) perhaps you or others should start your own only rate positive for ENIC site, but enough of this childish nonsense and moaning. Personally I like it the way it is and I’ll stay here cheers taking all those winner ratings from those intelligent anti-enicers that see them for what they are.... I jest, at the end of the day we’re all Tottenham... idiot BSoDL or not... i jest... peace.

Back on topic of ENIC...

Let’s say Covid didn’t happen, does anyone live in a world where they think ENIC would have bought Skriniar and backed Mourinho with whatever he needed? Or does anyone think last season would have went much better with a full crowd booing Mourinho bore-ball? And does anyone believe ENIC would have admitted they got Mourinho terribly wrong, got Conte and gave him what he needed to go for it? Come on, we know after 20 years there would have been different excuses for our failure, and we still wouldn’t be going for it.

As for the reality of Covid, the losses will be absorbed longterm by the loans/financing, the record profits before and the record profits after, we’ll have better income and be in a better position than most teams and that’s where they deserve credit, but where they deserve criticism is you won’t see that on the pitch, they will plead poverty whilst we get outspent by smaller more ambitious owners. And it’s no longer just their lack of ambition in question, it’s also their competence which has now seen us go backwards since 2018.

And please stop saying Mourinho was expensive and ambitious, he got Mourinho as he thought Mourinho could get him success on the cheap rather than the expensive alternative of backing Poch with an overhaul before everything went pear shaped, he got that badly wrong...

on the covid situation, I don't know what our funds would have been and with only missing 5 games when it 1st affected I doubt it would have meant buy Skriner as we were talking about a 15m difference. Though I expect Covid to affect this summers money.

I wasn't expecting us to be spending silly money from the off but would be expecting us to improve on our spending which we did other over the 1st 2 summers. Eventually, once we have had the events on top of a full season/s I expect us to be able to spend bigger, but you won't believe it so why don't we just wait and see whose right and wrong.

 

[Lighty64]

Could everyone who didn't rate my last post please let me know why.

cause your a ****



















only joking with ya

 

[dontcallme]

cause your a ****



















only joking with ya

I know you're joking. You would never say "your" instead of "you're" when calling me a ****.

 

[shelfboy68]

no I put a fact down, you come out with your schoolboy dribble. the stadium at the moment has Football more than anything else, and while Levy is here no other sport will ever have more events than we have.

if you sell out to an NFL team you are chancing we won't ever have backing at all

Read up mate one of the Tottenham hierarchy said it that we were the anchor tenant it's out there.
In the meantime me and you are done.

 

[ralphs bald spot]

My knowledge of the South Macedonian 3rd division managerial pool probably undermines that I'm afraid

if you look at Sky 774 late on a Saturday night you can get the highlights including in depths reviews by two scantily clad ladies - thats what I was looking for anyhow

 

[Lighty64]

Read up mate one of the Tottenham hierarchy said it that we were the anchor tenant it's out there.
In the meantime me and you are done.

so someone that posted his opinion 4 years ago is right because it suits your agenda. there's a chance his opinion at the time that with an NFL pitch and always being rumours of selling that our aim would be an NFL franchise. while ENIC are here there will always be 19 minimum games, and even if they bought an NFL team 8 games.

as I said you only believe the neg because you have hated ENIC forever and a day, but you believe someone in our hierarchy but don't believe our part owner

 

[Grey Fox]

My knowledge of the South Macedonian 3rd division managerial pool probably undermines that I'm afraid

Yeah right who you kidding ?

 

[DenverSpur]

On his Twitter before the Leicester game but he stated it was personal opinion.

Thanks

 

[DenverSpur]

Hoping you’re right. £200 million just seemed a relatively neat Harry Kane-sized hole to fill in my cynical brain.

I think there is also an expectation amongst many fans that we’ll go on a similar spree to the post-Bale days when he does eventually go. I’m not so sure.

The 200 million isn’t new debt it’s just how much money we expected to make last year and didn’t. They’re not same thing.

 

[Booney]

The 200 million isn’t new debt it’s just how much money we expected to make last year and didn’t. They’re not same thing.

Call it what you like, it’s still £200 million of cash that Levy would have expected and would have been factored into financing the stadium. We might be able to ride it out or cut costs in some other way. Or we may cash in on an asset. I know where I’m putting my money

 

[SecretLemonadeDrinker]

Call it what you like, it’s still £200 million of cash that Levy would have expected and would have been factored into financing the stadium. We might be able to ride it out or cut costs in some other way. Or we may cash in on an asset. I know where I’m putting my money

The £200m "hole" has been filled in by the recent £250m private placement. So we don't have any immediate cashflow concerns.

There's therefore no reason why we shouldn't reinvest all the proceeds from player sales in player purchases.

 

[Wick3d]

Given that we won't see any full capacity stadiums for the foreseeable future. As much as I hate to say it we really just have to grit our teeth and ride out the next couple of years.

 

[Booney]

The £200m "hole" has been filled in by the recent £250m private placement. So we don't have any immediate cashflow concerns.

There's therefore no reason why we shouldn't reinvest all the proceeds from player sales in player purchases.

My basic understanding is that you can refinance debt all you like but it’s still very much debt that needs to be paid back. Guess we’ll find out soon enough how Daniel plans to do that. He might chip away at it over years or the lure of cashing in an asset might be too hard to resist.

Does still beg the question why our chairman would release a statement outlining our financial position in some detail and particularly why he would do it NOW. My own interpretation is that he is very much setting fans up for a bumpy summer ahead. He used words like ‘sustainable’ and ‘prudent’ repeatedly and his tone looked pretty sombre. Seemed to suggest COVID had hit us harder than any other club.

 

[Saoirse]

Read up mate one of the Tottenham hierarchy said it that we were the anchor tenant it's out there.
In the meantime me and you are done.

Of all the things to be angry about this is one I really don't get. Of course they're going to present it to potential partners in the NFL as a purpose-built NFL stadium. Why on earth would they say "We all know it's a football ground belonging to a football club, but I guess you lot can borrow it"? The truth is that we own the ground, and any events we can attract there with whatever BS lines ENIC need is money coming into the club.

 

[shelfboy68]

Of all the things to be angry about this is one I really don't get. Of course they're going to present it to potential partners in the NFL as a purpose-built NFL stadium. Why on earth would they say "We all know it's a football ground belonging to a football club, but I guess you lot can borrow it"? The truth is that we own the ground, and any events we can attract there with whatever BS lines ENIC need is money coming into the club.

Not a case of being particularly angry I was responding to another poster of whom I won't be in the future.

 

[SecretLemonadeDrinker]

I'd say that this statement does not have any of those things. Not once during the video does he take a single shred of responsibility for anything. I think the way they've approached the video has not helped their cause one bit. Questions which feel like they were prepared perfectly for him rather than speaking from the heart or directly to the fans. Questions which involved the reporter being forced to lavish praise on him during this difficult moment. It was not the right approach. Simply put it came across as propaganda which you'd expect in other settings outside of a football club. I think if he had taken a tone similar to the statement but spoke directly to fans then this PR exercise may have gone better.

There's a lot about your epic post that I agree with - this opening point, for one. I too would like to have seen more contrition and acknowledgement of mistakes; less self justification.

But just a couple of points that I do disagree with:

However we keep hearing about the 200 million of lost revenue. That is obviously terrible but relatively speaking every club will have suffered huge losses of revenue and we're meant to be the self sustainable club that was financially prudent so when the bubble burst, we could reap the reward yet we're worse off than anybody. I understand worse off in terms of lost of revenue but worse off in terms of overall financial health, we shouldn't be.

Levy didn't say that we are worse off than other clubs. Yes, he pointed out that we have the greatest amount of debt and that we will have lost out on more income than any other club. But that's not the same as being worse off. In terms of cashflow - which is key - we will be better off than all but a handful of clubs. We have the best wages to turnover ratio in the PL. And we have just secured £250m to ease any ongoing cashflow concerns.

Talks about the most expensive stadium in Europe. Let's not forget that the project was pitched to the fans at a certain amount and that the project ballooned because Daniel went at it like a kid with his mums purse in a toy store, was happy to go over budget to build his dream project because it wasn't his money he was spending, it was the clubs. That was his decision and his responsibility.

I'm not sure that the club ever announced a budget. I saw all sorts of figures bandied about by fans and journalists but it all appeared to be guesswork. Regardless, the final project cost clearly exceeded the initial budget by a wide margin.

But it doesn't follow that it is attributable to impulsiveness or vanity on Levy's part, as you suggest. A revised budget is not the same thing as going over budget. It seems clear to me that the decision to go for top notch spec, state of the art technology, a unique sliding pitch system, a wealth of other facilities, and a forensic attention to detail was all about competitiveness and future proofing. It was very deliberate and very carefully considered. I mean, really......as if we would expect anything else of Daniel Levy!

Think of the context. Levy wants the stadium to generate money for the club on as many days as possible. A mere 25-30 home games a year is a waste of an asset when it could also host other sports, concerts, conferences etc. But we are in London - a uniquely competitive market because of the glut of big stadiums capable of hosting such events. Added to which, we are in a part of London that is far from the centre, hard to get to, and not very desirable.

We therefore needed something truly unique and special to beat off the opposition. Not just now but for years into the future. Prior to COVID, the stadium wasn't attracting blue chip event after blue chip event to run down north Tottenham just because it is of a decent size. It was doing so because it blows the opposition out of the water. Spectacularly so.

 

[Deleted member 29446]

LEVY OUT