- Aug 24, 2010
- 10,400
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I have came to my conclusions from 18 years of watching how ENIC operate, I'm sure you'll understand it's equally boring responding to your constant defense of them, there is little factual in your post above, it's all what you believe, your entitled to your opinion, I don't share it and am not going to keep going around in circles with you, your questions largely have already be answered in my previous 'boring' posts as well as other many other examples of the buy low sell high mentality, feel free to bore yourself, I won't bother doing the same...
until the devolvement started we used to spend money. I posted it somewhere that we were the 3rd highest spenders from 2002-2012. what you don't understand is when they took us over if someone told you that in 10 years you would see us reach the QF of the CL you would of had them committed.
over the last 7 years the stadium has been taking shape, we played in a stadium that wasn't taking the money required to even consider competing with any of the other top 6, and have had 1 decent season showing profits followed by chaos.
how the hell do you expect us to attract players that can earn double wages at all the other teams. how can you expect us to win 1 of 4 possible trophies when you have teams that can buy success built of super rich owners or from the teams that have a history of being at the top for 40 years.
you obviously are so desperate for us to win a trophy, yet if we spent 200m tomorrow it doesn't guarantee anything. what we have done since ENIC took over is something not many would believe would happen.
this was posted earlier elsewhere and people need to understand it
Spurs are owned (85%) by ENIC.
ENIC are owned by Joe Lewis (via Tavistock group) and Daniel Levy, 70/30 respectively.
Tavistock group have a board which consists of several directors and board members. Every significant penny invested by Tavistock in any direction will be subject to a vote by that board.
It’s not as simple as uncle Joe giving us a cash injection. He doesn’t own us, a seoerate legal person called the Tavistock group effectively does (well they own ENIC), and just because he is the major shareholder, doesn’t mean he can say ‘give Spurs £150m’ without board approval, the board is there to act in the best interests of the company with the ultimate aim of growth, and Tavistock group has many investments to think about beyond Spurs. Think of it this way, the PM couldn’t force through her Brexit deal without parliament approval, the Tavistock board is basically our parliament.
Joe could just go all benefactor on us and give us £200m to spend, but after that had the shit taxed out of it we’d be left with half.
We don’t have a billionaire owner. We are part of an investment portfolio and every act we take is subject to intense internal scrutiny.