Lewis

[stormfly]

I was talking to a West ham fan the other day and I was telling him how we need a new stadium before we can compete with the big wages etc that the other top teams can offer. He turned around and said he thought our owner was one of the richest men in the world ( I think he meant Lewis). What is Lewis's role at Spurs? Does he put any money into us or is it just Levy who holds the purse strings?

 

[danielneeds]

I was talking to a West ham fan the other day and I was telling him how we need a new stadium before we can compete with the big wages etc that the other top teams can offer. He turned around and said he thought our owner was one of the richest men in the world ( I think he meant Lewis). What is Lewis's roll at Spurs? Does he put any money into us or is it just Levy who holds the purse strings?

Lewis is only interested in making money, not giving it to footballers.

 

[Kendall]

Lewis and Levy both own Enic 50/50. Enic invests ultimately to make a long term profit. That's the gist.

Lewis' roll at Tottenham is ham on multigrain.

 

[Mr Pink]

Lewis isn't a sugar daddy if thats what you're getting at...His company ENIC own Spurs...Levy being his partner.

Tottenham are a PLC.

 

[dav3j]

Lewis isn't a sugar daddy if thats what you're getting at...His company ENIC own Spurs...Levy being his partner.

Tottenham are a PLC.

...And alscho, hisch lover?

Ultimately, whether or not Lewis is absolutely loaded, the financial fair play rules would stop him bankrolling any massive projects like the NDP, or whatever the latest scheme is.

 

[Mr Pink]

...And alscho, hisch lover?

Ultimately, whether or not Lewis is absolutely loaded, the financial fair play rules would stop him bankrolling any massive projects like the NDP, or whatever the latest scheme is.

yes, but we have never been run like that .

I think they're in a civil partnership :wink:

 

[ShayLaB]

...And alscho, hisch lover?

Ultimately, whether or not Lewis is absolutely loaded, the financial fair play rules would stop him bankrolling any massive projects like the NDP, or whatever the latest scheme is.

I didn't think that the ffp would be designed to stop the bankrolling of capital investment projects.

 

[Ron Burgundy]

People seem to have a warped idea of what Lewis provides

Loads of competing fans think we've bankrolled signings by Lewis just putting money in - it's nicer from their perspective to think that, but it's completely wrong...as others have pointed out above

 

[Mr Pink]

People seem to have a warped idea of what Lewis provides

Loads of competing fans think we've bankrolled signings by Lewis just putting money in - it's nicer from their perspective to think that, but it's completely wrong...as others have pointed out above

Exactly.

We are a well run Club and the point is that what we spend is highly dependent on what we bring in ie our turnover.

 

[michaelden]

...And alscho, hisch lover?

Ultimately, whether or not Lewis is absolutely loaded, the financial fair play rules would stop him bankrolling any massive projects like the NDP, or whatever the latest scheme is.

Wrong. The FFP laws allow for external capital to fund stadium builds/ refits

I didn't think that the ffp would be designed to stop the bankrolling of capital investment projects.

correct

 

[Krafty]

I didn't think that the ffp would be designed to stop the bankrolling of capital investment projects.

The financial fair play rules explicitly allow you to invest whatever you like in infastructure - new stadium, training ground and facilities for youth teams - its more wages and transfer expenditure that will be limited.


I think ENIC do put in some money, certainly nowhere near a sugar daddy level, but they do it with share listings. I don't really understand the specifics of it, despite a degree in economics, but in essence I think they put money into the club by increasing their shareholding, so not only providing the club with funds but also increasing the money they would receive if they sold.

Wouldn't it be nice though if ENIC don't really have any plans to ever sell Spurs, but simply wanted to make sure it is run properly and has sustainable growth, helping keep costs low because people don't think they can just milk the owners like at City, while also putting Spurs in a good position if ENIC withdrew or went down the tube.

One can but dream

 

[Mr Pink]

The financial fair play rules explicitly allow you to invest whatever you like in infastructure - new stadium, training ground and facilities for youth teams - its more wages and transfer expenditure that will be limited.


I think ENIC do put in some money, certainly nowhere near a sugar daddy level, but they do it with share listings. I don't really understand the specifics of it, despite a degree in economics, but in essence I think they put money into the club by increasing their shareholding, so not only providing the club with funds but also increasing the money they would receive if they sold.

Wouldn't it be nice though if ENIC don't really have any plans to ever sell Spurs, but simply wanted to make sure it is run properly and has sustainable growth, helping keep costs low because people don't think they can just milk the owners like at City, while also putting Spurs in a good position if ENIC withdrew or went down the tube.

One can but dream

Yes I was aware they did put in a bit too but didn't understand the mechanics of it.

 

[StartingPrice]

People seem to have a warped idea of what Lewis provides

Loads of competing fans think we've bankrolled signings by Lewis just putting money in - it's nicer from their perspective to think that, but it's completely wrong...as others have pointed out above

Which is exactly why Levy has done such a good jon and why we are so frustrated with the Citeh millions.

If I remember correctly, Levy actually stated that Enic weren't going to bankroll THFC when he first pulled up at the Lane - the intention has always been to make it a competitive club solely on the finances generated from the club itself.
We have come so close to doing this, and all of a sudden an Arab rich with oil money turns up and does it the wrong way (IMHO) with a club who were nowhere near achieving it. And that is why, as I have said in numerous threads, they are panicking buying to a certain extent, and not giving players time to settle properly, as they need to find the winning formula quickly before the new regs kick-in.

Wrong. The FFP laws allow for external capital to fund stadium builds/ refits
correct

Which is exactly the point with Citeh - they could still build and eventually become relaly competitive, just by building up the infrastructure and profile of the club - but they can be doing that after the new regs kick-in, they have to find a winning formula on a level way above where they were on the pitch NOW.

If the OP is asking could ENIC do this, or have they done this the answer the answer to the former is yes, they probably still have time, but no, they haven't done it up to now. If the question is should they do this, I think the concensus reached in several threads was that it would be better if we got there without it, which is what Levy set out to do.

 

[stormfly]

Cheers guys, I can't believe we've gone through a whole thread without slagging off our players or Harry's transfer policy!

 

[StartingPrice]

I blame Redknapp, hsi tranfer policy and the players:-|

 

[stormfly]

I blame Redknapp, hsi tranfer policy and the players:-|

Doh!

 

[Bill_Oddie]

He's never been the same since John Thaw died.

 

[StartingPrice]

Cheers guys, I can't believe we've gone through a whole thread without slagging off our players or Harry's transfer policy!

I blame Redknapp, hsi tranfer policy and the players:-|

Doh!

You should've known better - it was like a red rag to a bull:razz:

 

[Legend10]

]Lewis and Levy both own Enic 50/50[/B]. Enic invests ultimately to make a long term profit. That's the gist.

Lewis' roll at Tottenham is ham on multigrain.

I don't think they own any where near that amount, majority holders between them yes but not 50% each.

 

[Samson]

ENIC put 15 million in 2009/10. Then again they paid a dividend not long ago.