- Jan 28, 2011
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One star.
For comment or review
All the talk is about how football can end the season and fulfill it's TV contracts so it doesn't have to refund any monies but ENIC and Tavistock Group http://www.tavistock.com/portfolio/ must have taken a big hit on the world's stock exchanges .
We must shed a tear for Joe & Daniel their portfolios must be about 20% down in a couple of weeks.
Their portfolio is mainly the club and property. I’m sure they probably have other scattered investments. But tbh at a time like this I’d rather have someone with a first class honours degree from Cambridge sorting this mess than most other people. Almost feel a bit sorry for him, he probably thought the stadium was the biggest headache he’d ever have to face.
Bloody good job THFC isn't in any way dependent on their money then!All the talk is about how football can end the season and fulfill it's TV contracts so it doesn't have to refund any monies but ENIC and Tavistock Group http://www.tavistock.com/portfolio/ must have taken a big hit on the world's stock exchanges .
We must shed a tear for Joe & Daniel their portfolios must be about 20% down in a couple of weeks.
Tavistock - "Tottenham Hotspur is one of the leading football clubs in Europe with a following of more than 460 million worldwide. Inspiring economic growth and prosperity in the North London community, Spurs opened a new best-in-class, 62,000-capacity stadium in April 2019".Bloody good job THFC isn't in any way dependent on their money then!
Tavistock - "Tottenham Hotspur is one of the leading football clubs in Europe with a following of more than 460 million worldwide. Inspiring economic growth and prosperity in the North London community, Spurs opened a new best-in-class, 62,000-capacity stadium in April 2019".
Didn't realise we had that many followers? How is that calculated?
Tavistock - "Tottenham Hotspur is one of the leading football clubs in Europe with a following of more than 460 million worldwide. Inspiring economic growth and prosperity in the North London community, Spurs opened a new best-in-class, 62,000-capacity stadium in April 2019".
Didn't realise we had that many followers? How is that calculated?
I'm sure they make this up - most people home and abroad that I know can't stand ManU!I’ve seen some silly figures in this context like United claim 3.5 billion or something ridiculous like that.
I honestly think Danny Levy thinks he can emulate the New England Patriots in the NFL.
Here's a quote from a recent article after Tom Brady left the "Pats" after 20 years :
"The Patriots would create megastars, but never pay them salaries to match. As soon as they knocked at Belichick’s door asking for a fat contract, they were out of the door.
For all his rings, Brady was just another cog in that machine, and he knew that. The bind most other NFL teams find themselves in when it comes to elite quarterbacks is that they have to pay them accordingly. Operating by the NFL’s salary cap that leaves far less capital to build the rest of the squad. Brady...accepted contracts way below his market value to...build a roster to win year after year. "
I feel ENIC are taking the same approach - find and pay players less than market value and sell them when they demand more (outside the clubs' perception of market value)
Except we have none of the success, because the premier league isn't the fucking NFL. there is no salary cap to force trade offs when spending, and ENIC hasn't built a squad that can win year after year
The article
460 million is near to 1/14th the world's population.I’ve seen some silly figures in this context like United claim 3.5 billion or something ridiculous like that.
460 million? Let's get a crowdfunding started for transfers!Tavistock - "Tottenham Hotspur is one of the leading football clubs in Europe with a following of more than 460 million worldwide. Inspiring economic growth and prosperity in the North London community, Spurs opened a new best-in-class, 62,000-capacity stadium in April 2019".
Didn't realise we had that many followers? How is that calculated?
460 million? Let's get a crowdfunding started for transfers!
A no win situation then all round.I honestly think Danny Levy thinks he can emulate the New England Patriots in the NFL.
Here's a quote from a recent article after Tom Brady left the "Pats" after 20 years :
"The Patriots would create megastars, but never pay them salaries to match. As soon as they knocked at Belichick’s door asking for a fat contract, they were out of the door.
For all his rings, Brady was just another cog in that machine, and he knew that. The bind most other NFL teams find themselves in when it comes to elite quarterbacks is that they have to pay them accordingly. Operating by the NFL’s salary cap that leaves far less capital to build the rest of the squad. Brady...accepted contracts way below his market value to...build a roster to win year after year. "
I feel ENIC are taking the same approach - find and pay players less than market value and sell them when they demand more (outside the clubs' perception of market value)
Except we have none of the success, because the premier league isn't the fucking NFL. there is no salary cap to force trade offs when spending, and ENIC hasn't built a squad that can win year after year
The article
I'd have thought we're in a far stronger financial position than we would have been in the old stadium. But I'm open to being corrected.
Depends - there's still 5 - 6 games worth of revenue that could be lost (~10 - 12M all in) plus events that will no longer take place/be delayed (e.g. the boxing events etc)
Servicing 40M+ of debt on reduced revenue is manageable if it's a short term blip. But - if spurs continue to perform badly, the economy tanks, fans start talking with their wallets and corporate boxes don't get used, then it will have an impact on the debt covenants (Terms)
However, there's still a lot that needs to play out for that to be an issue -no point worrying just yet...