Levy, ENIC and DC

[Archibald&Crooks]

Doesn’t answer, or even addresses, my question though, A&C. And I’m not assuming that AYC identifies as Conspiracy Theorist, but if the cap fits...

There you go again. I explained why you shouldn’t expect your opinion to be shown any reasonable respect and you ignore and then repeat it, then you say you aren’t assuming AYC is a conspiracy theorist when actually you plainly told him why what he said was a conspiracy theory. I dunno, I’m starting to think maybe we are wasting our time if that’s how this is going to go.

 

[am_yisrael_chai]

Facts aren’t created, they are, or are not, and it’s a conspiracy theory because you have arbitrarily attached motives to the actors. I can state with certainty that Levy did not know when the stadium would be complete, because for it to be otherwise would break the laws of physics. So why is my option not at least possible?

People act with uncertainty the whole time, anything you book in the future is acting on the basis of likely outcomes.

Given that you don’t seem to grasp the uncertainty surrounding a football stadium let me try another example. Let’s say I book a summer holiday at a new hotel that is due to open 2 months before I arrive but isn’t built yet. I don’t know for certain the hotel will be open but I plan my holiday as if it will be unless I’m given facts to the contrary. I could plan trips, perhaps rent a car, I don’t say I’ve booked the holiday but I’m not booking anything else until I know for sure the hotel is built. Now let’s say the hotel send me an email to tell me that they won’t be open in time for my holiday. So now the holiday date arrives and I haven’t booked a car or any trips. Either 1) I’m an idiot who doesn’t plan ahead and uses potential uncertainty as my excuse or 2) I know the hotel isn’t going to open and I just don’t share this with my family.

 

[ComfortablyNumb]

People act with uncertainty the whole time, anything you book in the future is acting on the basis of likely outcomes.

Given that you don’t seem to grasp the uncertainty surrounding a football stadium let me try another example. Let’s say I book a summer holiday at a new hotel that is due to open 2 months before I arrive but isn’t built yet. I don’t know for certain the hotel will be open but I plan my holiday as if it will be unless I’m given facts to the contrary. I could plan trips, perhaps rent a car, I don’t say I’ve booked the holiday but I’m not booking anything else until I know for sure the hotel is built. Now let’s say the hotel send me an email to tell me that they won’t be open in time for my holiday. So now the holiday date arrives and I haven’t booked a car or any trips. Either 1) I’m an idiot who doesn’t plan ahead and uses potential uncertainty as my excuse or 2) I know the hotel isn’t going to open and I just don’t share this with my family.

I think your narrative is perfectly relevant, and your concluding options non-sequiturs. Why would you be an idiot, and why would you not share information with your family?

Why will you not accept the possibility that Levy, being uncertain as to the date at which we could move into the new stadium (and indeed the total costs that we would incur by that date) decided to put any major spending plans on hold?

BTW, you are under no obligation to reply to this, it’s an Internet forum, not a court of law, feel free to blow a raspberry or wave your dick at me, I shan’t take offence.

 

[BringBack_leGin]

Levy expected the stadium to be ready in September. Had he believed otherwise/ even had credible evidence to suggest otherwise but still asserted it to be the case while selling season tickets, compounded by the fact that the club is FCA regulated, he would risking prosecution for consumer fraud to the tune of roughly £45m, the sentence for which would be about a decade in prison if found guilty.

As for not spending, I don’t believe he entered last summer intending to sign nobody, I believe that he badly miscalculated the way the market would evolve and, with our badly bloated squad, played the transfer window very poorly, resulting in the squad not being updated. He fucked up.

 

[jurgen]

Levy expected the stadium to be ready in September. Had he believed otherwise/ even had credible evidence to suggest otherwise but still asserted it to be the case while selling season tickets, compounded by the fact that the club is FCA regulated, he would risking prosecution for consumer fraud to the tune of roughly £45m, the sentence for which would be about a decade in prison if found guilty.

As for not spending, I don’t believe he entered last summer intending to sign nobody, I believe that he badly miscalculated the way the market would evolve and, with our badly bloated squad, played the transfer window very poorly, resulting in the squad not being updated. He fucked up.

 

[BringBack_leGin]

How is the club regulated by the FCA ?

We provide products (namely, shares) that are fca regulated.

If Levy is proven to have raised money through false information, whether knowingly or negligently (i.e. he should have known), then his freedom goes the way of the Dodo, Amy Winehouse and good music.

 

[BringBack_leGin]

I said so at the time and have done so several times since, it’s just that this doesn’t fit the rhetoric here that one can see levy’s failing and still think he’s done a good job overall.

 

[am_yisrael_chai]

Levy expected the stadium to be ready in September. Had he believed otherwise/ even had credible evidence to suggest otherwise but still asserted it to be the case while selling season tickets, compounded by the fact that the club is FCA regulated, he would risking prosecution for consumer fraud to the tune of roughly £45m, the sentence for which would be about a decade in prison if found guilty.

As for not spending, I don’t believe he entered last summer intending to sign nobody, I believe that he badly miscalculated the way the market would evolve and, with our badly bloated squad, played the transfer window very poorly, resulting in the squad not being updated. He fucked up.

Do you know in what respect the club is FCA regulated ? I’m really interested in how the FCA would get involved if a football club was selling season tickets whilst knowing their stadium wouldn’t be ready. That is what you are saying isn’t it ? Please explain. I’m also interested where the £45m number comes from, could you clarify that too. Thanks

 

[am_yisrael_chai]

We provide products (namely, shares) that are fca regulated.

If Levy is proven to have raised money through false information, whether knowingly or negligently (i.e. he should have known), then his freedom goes the way of the Dodo, Amy Winehouse and good music.

Are you sure about that ? 100% certain ? As per my other post could you explain where you got the £45m number from. Thanks very much.

 

[BringBack_leGin]

Do you know in what respect the club is FCA regulated ? I’m really interested in how the FCA would get involved if a football club was selling season tickets whilst knowing their stadium wouldn’t be ready. That is what you are saying isn’t it ? Please explain. I’m also interested where the £45m number comes from, could you clarify that too. Thanks

Are you sure about that ? 100% certain ? As per my other post could you explain where you got the £45m number from. Thanks very much.

The £45m number was an estimate based on the mean price of season tickets and how many were sold. It may be wrong, it may be dead ok. The relevant point is that anybody accusing Daniel Levy of either knowingly, or negligently, putting out false information with the purpose of raising that money is in effect accusing him of fraud to the tune of tens of £millions. This is bad enough as a non regulated entity, but as a regulated entity it’s framatically worse. And yes, I am sure that we are FCA regulated. 100% sure. And I’m equally sure of what would constitute fraud under fca regulation. I have been part of both the legal defence, and the legal prosecution, of fraud cases worth up to £100m, as well as having spent a year of my life as part of the country’s leading FS legal department, so I’m more than happy to put my neck on the line and say ‘Daniel Levy fully believed, with good reason, that we would open the new stadium against Liverpool’.

That’s the last I’ll say on the matter, you can choose to believe me but I doubt you will because it contravenes your agenda. Maybe you’ll believe the FCA register instead:

https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000m6pImAAI

 

[am_yisrael_chai]

The £45m number was an estimate based on the mean price of season tickets and how many were sold. It may be wrong, it may be dead ok. The relevant point is that anybody accusing Daniel Levy of either knowingly, or negligently, putting out false information with the purpose of raising that money is in effect accusing him of fraud to the tune of tens of £millions. This is bad enough as a non regulated entity, but as a regulated entity it’s framatically worse. And yes, I am sure that we are FCA regulated. 100% sure. And I’m equally sure of what would constitute fraud under fca regulation. I have been part of both the legal defence, and the legal prosecution, of fraud cases worth up to £100m, as well as having spent a year of my life as part of the country’s leading FS legal department, so I’m more than happy to put my neck on the line and say ‘Daniel Levy fully believed, with good reason, that we would open the new stadium against Liverpool’.

That’s the last I’ll say on the matter, you can choose to believe me but I doubt you will because it contravenes your agenda. Maybe you’ll believe the FCA register instead:

https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000m6pImAAI

I’ve seen the FCA Register. If you bothered to click the link you’d see we are registered for secondary credit broking, most likely in the context of promoting the Spurs branded credit card. We are not regulated for anything else and certainly not for the sale of season tickets. Levy could send out materials with the season ticket renewals promising that all seats will be covered in platinum and diamonds knowing it is a lie and the FCA wouldn’t do a thing, the FCA wouldn’t have the power to do a single thing. Of course season ticket holders could sue under civil laws like the Trade Descriptions Act but it certainly isn’t criminal.

For your education we aren’t a PLC anymore and even if we were merely having shares sold to the public does not make a company regulated by the FCA, the offering materials would be subject to scrutiny by the FCA but not the operations of the company. The FCA regulate financial services companies exclusively.

You clearly disagree with me about our owners as is your right but may I ever so humbly suggest that you refrain from just making up wild nonsense in an attempt to support your case, you make yourself look a bit of a fool (I’m being generous). As an aside I certainly won’t be using your legal services if I ever find myself on the wrong side of a financial services dispute.

 

[BringBack_leGin]

Sorry guys, @am_yisrael_chai is right, the club lied to all of us about the stadium being ready on time. Also, just so you know, the moon landing was a hoax, 9-11 was actually the CIA, and Michael Jackson actually died 20 years ago.

Though I never claimed season ticket sales were fca regulated, only that the club is, and as such, any income raising activity proven to be fraudulent (such as lying to get roughly 40,000 to buy a product) would have very severe repercussions. Also, you don’t need to be a plc to be regulated, but that’s by the by. What’s really important here is that dingos didn’t steal that baby, Daniel Levy did, all while helping tamper with OJs glove and rigging the last US election with Putin.

I’m rambling like a fool now, which is what I am seeing as @am_yisrael_chai so kindly pointed it out.

Not that this fine specimen of a “fan” would ever get personal though.