ENIC...

[MR_BEN]

Every single penny goes back into the club except for the money that he takes at the end of the year tax free as a bonus as the highest paid chairman in the league. If we are broke how does that equate ?

Tax free? Please tell me how he takes a tax free bonus.

We are ‘broke’ (that’s probably a tad dramatic)… because of something completely out of his control. A massive drop in revenues as a result of coronavirus.

He is managing the club through extremely difficult circumstances and in all likelihood, despite what the fans think he is probably doing a bloody good job of it.

 

[ralphs bald spot]

Yes I love this go to excuse everytime there is a problem at spurs we are told by particular fellow fan's that we need to be patient.
So in 4/5 years time when all this goes tits up yet again with the club still nowhere we will again be told to be patient as we embark on another five year farce.

but I think the whole point is what constitutes success ? - for the supporters its winning a cup and god how I would love to win the league - but for ENIC and maybe even Levy success is a full ground and qualifying for the Champions League on a regular basis - our League form with them has been impressive we average 4th for the last decade - that for me is the biggest seperation with them but I can kind live with that - in modern football the domestic cups have been downgraded to such an extent - and if you have the scenario next season of winning the new European trophy or coming 4th a lot of supporters would at least have to give it some thought and I doubt that the answer would be the same for all of us

 

[shelfboy68]

but I think the whole point is what constitutes success ? - for the supporters its winning a cup and god how I would love to win the league - but for ENIC and maybe even Levy success is a full ground and qualifying for the Champions League on a regular basis - our League form with them has been impressive we average 4th for the last decade - that for me is the biggest seperation with them but I can kind live with that - in modern football the domestic cups have been downgraded to such an extent - and if you have the scenario next season of winning the new European trophy or coming 4th a lot of supporters would at least have to give it some thought and I doubt that the answer would be the same for all of us

I think for levy top four is his thing extra income etc as he has never demonstrated a desire to win anything.
Top four for us right now is not happening especially with other clubs strengthening their squads they are out on their own.
I don't know what will happen next season but I would expect 8th or 9th place finish based on what we are likely to expect from any new appointments.

 

[Metalhead]

Don’t want to particularly feed into the Levy bashing, but a mate has asked what Levy has done wrong over the years (not that he disagrees, more that he just wants to know). I wanted to make sure I’d covered EVERYTHING so would anyone who has considered this before be kind enough to write a list? Eg.

- Super league
- Penny pinching on transfers meaning we miss out on deals or secure players too late and we’ll into pre-season.
- Going after conte when we didn’t have the financial ability to match his demands.

etc etc.

Much appreciated!

You're talking over 20 years with Conte and the ESL being only the most recent. You have to understand that some stuff is subjective. Sacking Jol? Some might have agreed with getting Ramos at the time but the way that Jol was sacked was awful. Nelson and Saha in as signings when we were competing for the title? Some did defend him over that but many would have said we blew a big chance. Depends who you talk to.

 

[ralphs bald spot]

Don’t want to particularly feed into the Levy bashing, but a mate has asked what Levy has done wrong over the years (not that he disagrees, more that he just wants to know). I wanted to make sure I’d covered EVERYTHING so would anyone who has considered this before be kind enough to write a list? Eg.

- Super league
- Penny pinching on transfers meaning we miss out on deals or secure players too late and we’ll into pre-season.
- Going after conte when we didn’t have the financial ability to match his demands.

etc etc.

Much appreciated!

The Super League we had to go there how could expect we him not to - it might have been ill conceived but as a club Spurs needed to be involved if if happened
Penny pinching who knows we have spent on transfers they might not have worked out I am not sure that.s all down to Levy as supporters we remember the ones where the player goes on to be great but not many of us are crying that we never signed the Korean bloke last summer who knows heard of since
Conte he had to speak to him else otherwise lack of ambition and hows he going to find out he much he wants otherwise
Negatives
Hiring Mourinho and then not getting rid of him sooner
Ticket prices are to high

There are others I am sure but over twenty years there's going to be

 

[ralphs bald spot]

I think for levy top four is his thing extra income etc as he has never demonstrated a desire to win anything.
Top four for us right now is not happening especially with other clubs strengthening their squads they are out on their own.
I don't know what will happen next season but I would expect 8th or 9th place finish based on what we are likely to expect from any new appointments.

who knows you keep Kane bring in a couple of new faces and then you are looking at a very different scenario - always positive under a new manager the people we are being linked with are exciting Thuram would be a fantastic signing and if he can prise a few asssets from Italy things will look very different quickly the side in itself isn't that bad but have been terribly managed by Portugese Jo and even he managed to get within touching distance of the champions League - I disagree about no desire to win things we have been in finals almost won the league not quite got over the line but that's different from demonstrating no desire

 

[shelfboy68]

who knows you keep Kane bring in a couple of new faces and then you are looking at a very different scenario - always positive under a new manager the people we are being linked with are exciting Thuram would be a fantastic signing and if he can prise a few asssets from Italy things will look very different quickly the side in itself isn't that bad but have been terribly managed by Portugese Jo and even he managed to get within touching distance of the champions League - I disagree about no desire to win things we have been in finals almost won the league not quite got over the line but that's different from demonstrating no desire

I think keeping Kane will prove very difficult as it seems he is off but let's hope not

 

[Lighty64]

If as Danny boy said Paratici has full control of the football side including the women's team then he has my deepest sympathy but I see they had a big clear out of the women so that's a start , time to start on the men then

the trouble with getting rid of the deadwood on the men’s squad is the wages they are on. Some players will refuse the move if the money is not what they want and are more likely to do what Rose did and see there contracts out

 

[DamnedSpurs]

the trouble with getting rid of the deadwood on the men’s squad is the wages they are on. Some players will refuse the move if the money is not what they want and are more likely to do what Rose did and see there contracts out

And this is why it is cheaper to buy the more expensive players we want rather than cheap alternatives who are not good enough. As the chances of this happening go down.

I have always wondered why players should get paid their full wages if they don't play or appear on the bench. Don't play, basic pay.

 

[eddiev14]

Yes, there would be something to stop that from happening.

The club has over £1bn in loans with various banks. The club will likely have to meet certain covenants (requirements) in order to meet the ongoing terms of those loans. If you can’t meet the convenants the banks can make a call on the loan.

You can’t just keep taking on more and more debt.

Also, who says that Joe Lewis has a spare £200m laying around?

He’s worth £4bn, that doesn’t mean he £4bn in the bank. In fact - he’d be an idiot if he did.

Ok. Thanks.

That comment was posted out of intrigue more than opinion because I’m keen to understand how we can spend to improve our squad and where that money can come from.

Sounds like we’re fucked then.

 

[SecretLemonadeDrinker]

I also find it laughable that Lewis apparently requires 4bn for Tottenham Hotspur when that amount is surely set for clubs/businesses that are at the very very pinnacle of its spectrum.

Where are you getting the figure of £4b from?

If Lewis is looking to sell, or is open to offers, my guess is that a valuation for the whole club in the region of £2.5-3b would do it - which, after accounting for the debt, would involve the buyer paying c. £1.5-2b.

If £4b really is the figure that you've heard, it can mean only one of two things: it's a baseless rumour; or Lewis / Levy have no intention of selling unless someone makes a stupid offer.

 

[SecretLemonadeDrinker]

Ok. Thanks.

That comment was posted out of intrigue more than opinion because I’m keen to understand how we can spend to improve our squad and where that money can come from.

Sounds like we’re fucked then.

We'll be okay. There will be few clubs in a better financial position than us currently - despite our huge debt. In terms of cashflow, our debt is comparatively cheap and easily serviceable. And it is long term. And while it's true that we are missing out on more revenue than any other club as a consequence of COVID, on the flip side, our wages to turnover ratio is (was, prior to COVID) better than any other club. That's key.

Furthermore, we have just raised a further £250m to help with ongoing cashflow concerns. The vast majority of clubs will not have access to that level of funding, unless their owners dig deep.

 

[eddiev14]

We'll be okay. There will be few clubs in a better financial position than us currently - despite our huge debt. In terms of cashflow, our debt is comparatively cheap and easily serviceable. And it is long term. And while it's true that we are missing out on more revenue than any other club as a consequence of COVID, on the flip side, our wages to turnover ratio is (was, prior to COVID) better than any other club. That's key.

Furthermore, we have just raised a further £250m to help with ongoing cashflow concerns. The vast majority of clubs will not have access to that level of funding, unless their owners dig deep.

Thanks for this, it’s really valuable to be able interact with people who know and can explain this stuff.

That £250m would we feasibly be able to use it to buy players?

This summer it should also be the case that transfer values are lower due to many clubs desperately needing money, so perhaps we can use that to our advantage. The problem is always the likes of City, Chelsea and PSG who drive up the expectations of selling clubs.We seems to have got ourselves in a situation when even the most average/decentish players are worth 40-50m. It’s crazy, surely unsustainable.

 

[JacoZA]

I think for levy top four is his thing extra income etc as he has never demonstrated a desire to win anything.

Not to be funny or turn BSODL, but this is demonstrably not true. For instance, why would he appoint Jose, known for winning trophies, at great expense if he had no desire to win something? Wouldnt it would be more accurate to say Levy has simply not been as aggressive in his actions as we’d all have liked, and/or has made some poor decisions along the way.

 

[Nayim60yards]

Hilarious.

 

[carmeldevil]

Thanks for this, it’s really valuable to be able interact with people who know and can explain this stuff.

That £250m would we feasibly be able to use it to buy players?

This summer it should also be the case that transfer values are lower due to many clubs desperately needing money, so perhaps we can use that to our advantage. The problem is always the likes of City, Chelsea and PSG who drive up the expectations of selling clubs.We seems to have got ourselves in a situation when even the most average/decentish players are worth 40-50m. It’s crazy, surely unsustainable.

Don't think the 250m will be used for transfer kitty but it will free up the club to use money that they couldn't otherwise.

 

[fishhhandaricecake]

I know quite a few of our fans criticise Levy about Spend Spend Spend but for me that’s not actually something I massively criticise him on as we had to manage finances until the stadium was built, then that summer we spent quite a bit on Ndombele, Lo Celso, Sessengon, Clarke etc etc.

Where I do get so frustrated with Levy/ENIC is two reasons and I think this is why there is so much hatred towards them.

1) The football decisions (inconsistencies in terms of a plan and philosophy as to managers we hire, players we recruit generally end up being a waste of money especially our more expensive signings, as well as leaving so much transfer business to the last minute of windows etc so we self sabotage ourselves season after season)

2) The disconnect and lack of warmth, empathy and being genuineness from the Board towards our fans. Time and again they say one thing and do another, once bitten twice shy, there is fundamentally a lack of trust towards the board and rightly so, this has been compounded since the ESL debacle.

So for me it’s not just a case of they need to open the purse strings and spend spend spend it’s that they need to make better decisions on the football side and need to act with more sincerity towards our fans, they’re out of touch and that causes a huge build up of frustration and anger which could be avoided.

So as much as a leopard never changes it’s spots and Levy has fucked us all off, I do think Paratici seems like a good move and o his video seemed to say he’d be in charge of football decisions so if that happens then that’s a positive in the right direction at least ?

COYS

 

[HodisGawd]

I think for levy top four is his thing extra income etc as he has never demonstrated a desire to win anything.

What about hiring at great expense a big-name manager who he knows plays a brand of football that's nothing like the club's DNA purely because he has a reputation as a "serial winner"?

If that's not "demonstrating a desire to win" I don't know what is.

The idea Levy doesn't want to win that keeps being bandied about by our more looney fans is as stupid as it is pathetic.

There's plenty to criticise when it comes to decisions made, go wild on that. But when it comes to intentions what's being said is just a plain, demonstrable lie.

On another note, I find it hilarious every times I read someone on here saying a man who's been a chairman of a EPL for 20 years "knows nothing about football". The arrogance of people here is astounding.

 

[shelfboy68]

What about hiring at great expense a big-name manager who he knows plays a brand of football that's nothing like the club's DNA purely because he has a reputation as a "serial winner"?

If that's not "demonstrating a desire to win" I don't know what is.

The idea Levy doesn't want to win that keeps being bandied about by our more looney fans is as stupid as it is pathetic.

There's plenty to criticise when it comes to decisions made, go wild on that. But when it comes to intentions what's being said is just a plain, demonstrable lie.

On another note, I find it hilarious every times I read someone on here saying a man who's been a chairman of a EPL for 20 years "knows nothing about football". The arrogance of people here is astounding.

Looney fan's says the man who walks around in a I love baldy t-shirt yeah alright mate.
?

 

[sosua]

World leading training facilities ...check
World leading stadium ...check
World leading football ... In progress

Levy has always wanted spurs to be at the top table when it comes to football it's just how you get there and step by step was/is the plan.

Building up the infrastructure whilst being competitive (to a certain degree) is commendable.

My view is that the poch team peaked too early in regards the new stadium being finally ready for action. If we had the team that finished the final year at the old WHL at the new stadium we might be talking about a very different story now.

The fact that after the stadium was up and running more money was spent on the football side i.e player wages & bigger signings (Tanguy, GLC etc) should not be brushed aside. The reason for that was because our cashflow increased in magnitude. Our debt is long term and very serviceable in the normal course of events.

Remember when a player is bought the cost is spread over a number of years (all clubs do this). If our cashflow is higher i.e the amount we are able to generate then we can afford better players (and their wages).

Obviously covid has literally killed our cashflow and hence we are back to more frugal times just for a while I would think. But it has had a material effect on the plan.

Seems to me spurs is tale of bad timings. Had peak poch team and stadium delivery dove tailed or covid not happened it could be very well different.

As for Levy credit where credit is due. He's delivered on the infrastructure (even thou stadium was delivered later than expected).

People keep saying ambition this ambition that. What they really mean is spend more money on the football team which was always the plan.

To me ambition is building a multi purpose stadium (where the football playing surface splits in three parts - an engineering marvel) to increase our cashflow so that we can sit at the top table.

The stadium is highest quality in terms of spec and I believe that football matters will eventually follow that.