ENIC...

[robotsonic]

Spot on tbh.

Pretty dopey take from Jenas when we're trying to run the club sustainably, while the "big boys" and their oil money and debt run roughshod over the league/Europe. Would he have us do a Leeds? ENIC have made all kinds of cockups, this latest manager crapshoot and the ESL the latest, but they *have* spent money on the team. Poorly spent more often than not, but it's been paid out. The problems with ENIC and this club is not that they haven't invested money.

 

[alexis]

You know it costs about $20-30 to produce a barrell of oil and it was selling way below that. In addition the UAE and Saudi don't have taxes so any infrastructure is funded by the royal family. They were actively losing money every day. Unless you've worked in the industry you have no idea how it works.

Do have tax vat at 5% and income tax would have been here except for COVID. But yes the tax is needed as KSA was definitely going pop at one point.

 

[Shadydan]

Spot on tbh.

Nonesense throwaway comment, the kind of crap that gets lapped up on Twitter due to lack of context.

 

[Wingnut_on_the_go]

After watching DLs statement (it wasn't an interview) he does make some good points about the lost revenue and how we have been affected the most, simply because we had to cancel the most events at the stadium. Luckily for us this, as the pandemic slows and things return to normal then we will start to benefit financially again. Covid has had a huge impact on most businesses in this country and I think we will see quite a few Football Clubs struggling financially for many years to come. Luckily our debt is long term and manageable.

DL/ENIC had a plan to keep us sustainable for the future and I'm sure that's still all ok, it's just altered slightly due to current circumstances. It could be a lot worse . . . . .

 

[shelfboy68]

Spot on tbh.

Everyone knows within the game well said JJ

 

[tony0379]

 

[Stamford]

Would he have us do a Leeds?

FFS

 

[jurgen]

Pretty dopey take from Jenas when we're trying to run the club sustainably, while the "big boys" and their oil money and debt run roughshod over the league/Europe. Would he have us do a Leeds? ENIC have made all kinds of cockups, this latest manager crapshoot and the ESL the latest, but they *have* spent money on the team. Poorly spent more often than not, but it's been paid out. The problems with ENIC and this club is not that they haven't invested money.

And that's BSoDL bingo, let's see what you've won!

 

[Wingnut_on_the_go]

The reality is that the Leeds chairman really messed up by overspending money that they didn't have, infact I remember reading that they'd borrowed money based on the next 20 years ticket sales because they presumed that making the champions League every year was a given. They didn't qualify the following year and they spiraled downwards really quickly! They still haven't fully recovered. It's an extreme case of financial recklessness but I'm pretty sure DL would never put our club in that position.

We have lost revenue as a result of Covid and if that means being careful for a few years then I'm absolutely fine with it, rather than spend money that the club hasn't got at the moment. I know I'll probably get hate for my support of him but I quite like having a Chairman that has the long term interest of the club as a priority.

 

[robotsonic]

BSoDL, lol. I know "Leeds" is a cliche, but what Jenas is asking for is as big of one, and very tired. Similarly, we also apparently don't pay the players enough, but simultaneously have players on too much money that we can't shift because of it

We can't and won't sustainably afford to be splashing 30-60mil of "big money" per player to run the club within budget. Crikey, when we do is when we spend money the worst. We do best spending sensibly and finding the right players. Hopefully the new setup on the footballing side can see us do that more regularly, and we can see more players in the Eriksen/Modric/Bale mould, where we identified the correct player early, and got them for a reasonable price.

We've spent plenty of money, but poorly, and often not even looking at addressing the right issues. That's been our problem. Of our top 10 record signings, the only unqualified success is Son. We did though pay 120+ million for the combination of Ndombele, Sanchez and Sissoko in the last 5 years. Imagine if that 120 went into the right players. Hopefully the structure shakeup will sort this out, finally.

 

[Stamford]

@robotsonic spurs are the last club that are going to do a leeds. The wage to turnover tells you that. The Leeds example gets brought up a lot but isn't relevant to spurs.

 

[Shadydan]

Spurs aren't a club to be setup like a 'big boy' and spend willy nilly, we don't have the money or the infrastructure like that - in fact trying to act like a 'big boy' in the last 2 years has got us into this mess in the first place. What we're doing now is something we should have done ages ago, have a DOF structure in place, bring players through the academy, look to coaches who max the potential of our players, that's not half hearting it that's being entirely sensible amongst our means.

 

[robotsonic]

@robotsonic spurs are the last club that are going to do a leeds. The wage to turnover tells you that. The Leeds example gets brought up a lot but isn't relevant to spurs.

I understand that, and agreed in my next post that it's a cliche. And of course I agree that the club won't be going that way. But what is Jenas asking to do with this soundbite if not spend unsustainably on transfers and wages? It's a lazy take from him, imo, and vastly oversimplifies...well, everything, really.

 

[shelfboy68]

BSoDL, lol. I know "Leeds" is a cliche, but what Jenas is asking for is as big of one, and very tired. Similarly, we also apparently don't pay the players enough, but simultaneously have players on too much money that we can't shift because of it

We can't and won't sustainably afford to be splashing 30-60mil of "big money" per player to run the club within budget. Crikey, when we do is when we spend money the worst. We do best spending sensibly and finding the right players. Hopefully the new setup on the footballing side can see us do that more regularly, and we can see more players in the Eriksen/Modric/Bale mould, where we identified the correct player early, and got them for a reasonable price.

We've spent plenty of money, but poorly, and often not even looking at addressing the right issues. That's been our problem. Of our top 10 record signings, the only unqualified success is Son. We did though pay 120+ million for the combination of Ndombele, Sanchez and Sissoko in the last 5 years. Imagine if that 120 went into the right players. Hopefully the structure shakeup will sort this out, finally.

Surely if a "big money" player comes along and we can do it we should providing it's the right fit.
After all Mr levy has said the stadium is the game changer so if it wasn't to compete for better players and wages what was the point of it.

 

[Donki]

Spurs aren't a club to be setup like a 'big boy' and spend willy nilly, we don't have the money or the infrastructure like that - in fact trying to act like a 'big boy' in the last 2 years has got us into this mess in the first place. What we're doing now is something we should have done ages ago, have a DOF structure in place, bring players through the academy, look to coaches who max the potential of our players, that's not half hearting it that's being entirely sensible amongst our means.

We did have it years ago, we were one of the first in the PL to go down that route and yes it worked somewhat. The problem always seems to have been, they leave.

 

[shelfboy68]

We did have it years ago, we were one of the first in the PL to go down that route and yes it worked somewhat. The problem always seems to have been, they leave.

We are either very unlucky or something else was going on or interfering which caused the previous DOFs to leave.

 

[robotsonic]

Surely if a "big money" player comes along and we can do it we should providing it's the right fit.
After all Mr levy has said the stadium is the game changer so if it wasn't to compete for better players and wages what was the point of it.

If it's the right player at price that we can afford, then of course. I'd argue that we have done that, where we can. But we end up with underperforming Tanguy Ndombele for the money, and not Jack Grealish. Moussa Sissoko for years etc. Imo our issues are with who we put the money into, but we do spend.

Just saying that we should spend big money to play with the big boys is an absolutely nebulous and pointless take.

 

[Donki]

Surely if a "big money" player comes along and we can do it we should providing it's the right fit.
After all Mr levy has said the stadium is the game changer so if it wasn't to compete for better players and wages what was the point of it.

Now this is where we do need to look at this logically, while I have recently hung up my BSoDL lanyard, I can see how the past year of COVID has seriously fucked our budget progressions, its not just that we weren't getting our normal matchday income we weren't getting the doubling of it that was budgeted. Again, I am not Levys biggest fan right now, but there is no way he could have seen the pandemic.

 

[Shadydan]

We did have it years ago, we were one of the first in the PL to go down that route and yes it worked somewhat. The problem always seems to have been, they leave.

Yeah we had Commoli who was good IMO and it improved us but we never stuck to the formula because of Levy's insistence in chopping and changing managers (went from Jol to Ramos to Redknapp), to be fair when we were flirting with relegation we brought in Redknapp who would always want his own players.

 

[Shadydan]

Surely if a "big money" player comes along and we can do it we should providing it's the right fit.
After all Mr levy has said the stadium is the game changer so if it wasn't to compete for better players and wages what was the point of it.

We did, we signed Ndombele for our record fee £60m and pay him £200k a week.

The stadium is a game changer but we've kinda has a pandemic recently where the stadium hasn't been in use so we've not been able to maximise revenue, that's what we're kinda dealing with here at the moment - you're just gonna have to be patient whilst we recover which IMO won't take that long anyway.