Levy, ENIC and DC

[piedpiper]

Haha!! Thanks mate, I really appreciate your posts too Piedpiper. Just wish we had got it wrong and Levy had played a blinder. But alas no mate. A lot of us saw this shit-show coming, and were roundly derided for voicing our concerns. Take care mate!

Yes we have. Just watching Chelsea and Liverpool this weekend shows that it may come back to haunt us by seasons end. I can only think the stadium requirements have truly eaten in to our spending power.

The more i look at it, the clearer it becomes that we need a uber rich owner to get us to the next level. A owner who wants to win trophies NOW. The stadium alone is not going to be the difference unfortunately. It will take years to pay off and we could end up like Arsenal.

Nonetheless thanks .. You a man of few words but a very considered poster.

 

[Sandwich Technician]

Thank you that was good viewing Daniel.

Sorry but I have far few readies and far too much bouffant to be our follically challenged Chairman acting incognito! Though we've been feeding on scraps of glory since the 80s (only Friday, like a sap, I yet again watched misty eyed as Didier Zokora back to goal waited for the crowd reaction to Berba's penalty in our Carling Cup victory over Chelski) I am a believer that whilst not perfect DL is doing his best for THFC in a 'business' which is like no other, which has changed irrevocably with the petrodollar investment and continues to change at a frantic pace each season. Our player trading has caused me to veer from furious (selling Modric, Bale) to exasperation (last minute appeasing punt on Sissoko) to ecstatic (clever acquisitions of VDV, Dele) Ultimately only very few people are party to the inner workings and our true financial situation at THFC and the decision to not spend in this TW will either be vindicated or vilified and become clearer toward the business end of this season. Fingers and dangly bits crossed it's the former.

 

[am_yisrael_chai]

We all thought that the new contract announcements for Eriksen and Dele were being kept until after the window closed to offer some positivity when we failed to sign anyone. Well that period has gone and still no announcements, given the same happened last year with Toby I’d start to worry.

 

[[email protected]]

All I know is that the lot up the road to us, with far more money based on fan base and champions league money have had to sell 20 of their first team players since 2000 to balance books. I'd be more concerned if we had sold players and not replaced them. I'm disappointed we didn't get one or two in but ultimately the lack of moving players like Dembele or Toby on (holds breath as there's a couple of weeks of the window left) compensate to some degree as the club are in theory wiping their mouths of about £30m in sales in for the greater good. All I know is keeping Tottenham in the top 3 whilst navigating their way through a £1bn long term infrastructure investment that will nearly p, if not double our match day earnings is a top class feat. I'm only prepared to judge them once we start reaping the rewards of that investment as they've been juggling a fair amount of balancing on pitch and off pitch project work. The long term contracts agreed barring Jan &a Eriksen to date go some way to giving us financial stability until we get there but we're getting closer, be it with ENIC or not

But the Club have been at pains to tell us that we wouldn't find ourselves in the same situation as the Arse, and that the stadium build would in no way impact on recruitiment: "This is not going to touch the football, these are very separate budgets.", said Collcott, Head of Finance and Operations. So did the Club lie to us mate? I suspect we won't see any significant investment in the squad next summer, and they'll be churning out the excuse that "we can't afford to spend until the stadium is paid for".

 

[ToDarrenIsToDo]

But the Club have been at pains to tell us that we wouldn't find ourselves in the same situation as the Arse, and that the stadium build would in no way impact on recruitiment: "This is not going to touch the football, these are very separate budgets.", said Collcott, Head of Finance and Operations. So did the Club lie to us mate? I suspect we won't see any significant investment in the squad next summer, and they'll be churning out the excuse that "we can't afford to spend until the stadium is paid for".

I'm not sure what's going on behind the scenes but if the club come out and say no transfers, we're limited with our spending for the next few seasons etc we show our hand when it comes to teams looking to buy our players. Say you're having to wheel and deal and the vultures come sniffing even for the fringe players.

I'm not sure the ins and outs but I do know saying that we have to stand still because of money puts you in a weaker position than saying you have money but didn't want to invest because the right calibre for the right money wasn't available. It's all a little crazy with questions being raised all over, the best result we can hope for is that the team have a cracking season, Pochettino is still at the helm this time next year and that we have a Champions League place secured as well as a piece of silverware to stick in the cabinet regardless of what's gone down this summer. We still have our best ever squad since most of us can remember intact, which gives us every chance of having another season punching above our weight

 

[[email protected]]

Yes we have. Just watching Chelsea and Liverpool this weekend shows that it may come back to haunt us by seasons end. I can only think the stadium requirements have truly eaten in to our spending power.

The more i look at it, the clearer it becomes that we need a uber rich owner to get us to the next level. A owner who wants to win trophies NOW. The stadium alone is not going to be the difference unfortunately. It will take years to pay off and we could end up like Arsenal.

Nonetheless thanks .. You a man of few words but a very considered poster.

Thanks mate, that's really kind. Yeah sadly I think your prediction is bang-on. To coin a phrase, I wish ENIC would "shit or get off the pot". You take it easy mate!

 

[Lilbaz]

But the Club have been at pains to tell us that we wouldn't find ourselves in the same situation as the Arse, and that the stadium build would in no way impact on recruitiment: "This is not going to touch the football, these are very separate budgets.", said Collcott, Head of Finance and Operations. So did the Club lie to us mate? I suspect we won't see any significant investment in the squad next summer, and they'll be churning out the excuse that "we can't afford to spend until the
stadium is paid for".

Be fair though wasn't that statement made before levy saying the stadium wasn't financially viable?

Our transfer budget has been zero for years near enough.

 

[Blackrat1299]

I think the club owes us a statement of intent.

 

[Lilbaz]

I think the club owes us a statement of intent.

I can tell you their statement of intent. Try and win something, get cl and finish the stadium.

What would you expect them to say?

 

[[email protected]]

Be fair though wasn't that statement made before levy saying the stadium wasn't financially viable?

Our transfer budget has been zero for years near enough.

No mate, i can tell you exactly: it was made on 31st May 2017.
The Club engaged Rothschild to secure the funding for the new stadium.
The Club announced on 31 May 2017 the completion of the bank debt financing for the new stadium with a consortium of banks involving Bank of America Merrill Lynch International Limited, Goldman Sachs Bank USA and HSBC Bank plc.
Matthew Collecott, director of finance and operations at Tottenham, is quoted in a Bloomberg report about the finance arrangement as saying: "This is not going to touch the football, these are very separate budgets."

 

[Lilbaz]

No mate, i can tell you exactly: it was made on 31st May 2017.
The Club engaged Rothschild to secure the funding for the new stadium.
The Club announced on 31 May 2017 the completion of the bank debt financing for the new stadium with a consortium of banks involving Bank of America Merrill Lynch International Limited, Goldman Sachs Bank USA and HSBC Bank plc.
Matthew Collecott, director of finance and operations at Tottenham, is quoted in a Bloomberg report about the finance arrangement as saying: "This is not going to touch the football, these are very separate budgets."

Fair enough. The football transfer budget seems to be zero then. Hence me wanting more investment.

 

[thfc1973]

On what basis do you believe that we will slip below not only Liverpool but also one or both of, presumably Chelsea or Arsenal?

Our squad is surely no worse than last years.even if it's no better!

We only beat Liverpool to 3rd last season for example due to us beating Newcastle and Leicester with a bit of luck in both those games and Pool losing to Chelsea away. They won their next home game easily even though they were playing Madrid in the cup final after that. Liverpool has strengthened since then whereas we haven't and I feel they will be stronger this season as they have a great squad (better than ours) and soother year of experience under Klopp. Given that fact, it is the main reason I base my belief on Pool finishing above us. Chelsea too have strengthened and they aren't in CL too so I do believe they will have a better league showing this season compared to last. I also rate both their managers higher than Poch (sorry to disappoint)

 

[[email protected]]

Fair enough. The football transfer budget seems to be zero then. Hence me wanting more investment.

If that is indeed the case Lilbaz, then that tells us everything we need to know about ENIC under Levy's stewardship, and where they're priorities and motives truly lie.

 

[philip]

We only beat Liverpool to 3rd last season for example due to us beating Newcastle and Leicester with a bit of luck in both those games and Pool losing to Chelsea away. They won their next home game easily even though they were playing Madrid in the cup final after that. Liverpool has strengthened since then whereas we haven't and I feel they will be stronger this season as they have a great squad (better than ours) and soother year of experience under Klopp. Given that fact, it is the main reason I base my belief on Pool finishing above us. Chelsea too have strengthened and they aren't in CL too so I do believe they will have a better league showing this season compared to last. I also rate both their managers higher than Poch (sorry to disappoint)

Fair enough about Liverpool, time will tell, but that would still allow us to stay in the top four.


You're welcome to your opinion, but your point about Chelsea not having have CL is a poor one. Instead they have the far more taxing Europa League with many more games, played on Thursdays which the players don't like, and often with far more remote locations.

Do you really rate Sari above Pochettino? I reckon that puts you in a minority of one!

 

[Lilbaz]

If that is indeed the case Lilbaz, then that tells us everything we need to know about ENIC under Levy's stewardship, and where they're priorities and motives truly lie.

Feel it's unfair to have a go at levy. He only owns a small part of enic and has done an amazing job improving us while haveing little outward investment.
His transfer negotiations might be criticised but he never seemed to want to do them hence hiring dof's, he wanted a new one but poch said no.

 

[[email protected]]

Feel it's unfair to have a go at levy. He only owns a small part of enic and has done an amazing job improving us while haveing little outward investment.
His transfer negotiations might be criticised but he never seemed to want to do them hence hiring dof's, he wanted a new one but poch said no.

I'm not so sure mate. At the end of the day he's the highest paid Chairman in the League. As in any walk of life, if you pay yourself the big bucks surely there's an expectation to step up to the mark and get the job done. He's failed to do so. Do you think if Comolli or Baldini had been conducting negotiations this summer, and had similarly failed to get a single transfer across the line they'd still be in a job today?

 

[Lilbaz]

I'm not so sure mate. At the end of the day he's the highest paid Chairman in the League. As in any walk of life, if you pay yourself the big bucks surely there's an expectation to step up to the mark and get the job done. He's failed to do so. Do you think if Comolli or Baldini had been conducting negotiations this summer, and had similarly failed to get a single transfer across the line they'd still be in a job today?

The £6m figure was back pay and bonuses regarding the stadium. His normal pay is around £2.8m. We've paid agents more.
For what he does or is trying to do it is little in the scheme of things. Juventus negotiated a €75m naming rights deal for their stadium, €15m went to agents. At the moment he does the deals (nike, aia, etc...).

 

[DCSPUR]

Have we had any updates/ ITK on new contracts for Messers Dele, Eriksen, Jan etc.?

 

[Lilbaz]

Have we had any updates/ ITK on new contracts for Messers Dele, Eriksen, Jan etc.?

Nope.

 

[ToDarrenIsToDo]

I'm not so sure mate. At the end of the day he's the highest paid Chairman in the League. As in any walk of life, if you pay yourself the big bucks surely there's an expectation to step up to the mark and get the job done. He's failed to do so. Do you think if Comolli or Baldini had been conducting negotiations this summer, and had similarly failed to get a single transfer across the line they'd still be in a job today?

We're the 6th wealthiest club in the league yet we are finishing 3rd, 2nd & 3rd all whilst building a new training facility & stadium though. Surely balancing both yet still overachieving on the pitch makes Levy pound for pound the best chairman of a normal functioning football club (I don't count endless pots of money as we don't have any) in the league hence making him worth his cut of being paid as the best right?

The money spent on signings, the quality of signings collectively, our consistent over performing against teams financially and brand wise far more superior than us I think makes Levy worthy of a job well done more than someone who should get hammered for not doing more. I'd have definitely liked more signings but the decision was made not to for whatever reason. I do think when you weigh up our turnover, money spent, transfer fees in, stadium build and league position etc he ranks as the top chairman of an organically run football club on these shores. Just my opinion on him without the hypothetical scenarios of what happens next