mumfordspur
Well-Known Member
- Sep 10, 2020
- 1,176
- 1,273
Put up your figures Bullet man because you need to do some re-checking
The 50+1 Rule petition: If we want to have a say and stop ENIC stripping profit from the club sign this!
- Thread starter Rosco1984
- Start date
knowlespurs
Well-Known Member
- May 31, 2012
- 2,763
- 8,566
I’ve got the two if that’s any help
Spursmatty87
Well-Known Member
- Jul 7, 2016
- 1,918
- 5,047
Signed it I don’t think 50+1 will go through, but all fans need to get together if we want change.
Rocksuperstar
Isn't this fun? Isn't fun the best thing to have?
- Jun 6, 2005
- 53,423
- 67,156
Sorry, I leafed through the thread but can't see it actually defined here - what's "profit stripping"?
What the grot-brothers did at West Ham - moving in, selling the ground and renting out some hard-standing down the road, selling their best players and basically off-loading as much as they could from the clubs actual assets, padding their pockets - that's kinda where I'm coming from when I'm thinking of stripping profits or assets and, while I don't have any actual figures here, I'm not convinced that Joe Lewis/ENIC have really "profit stripped" the club to a level that most other business owners wouldn't expect on their business interests.
I mean, feel free to prove me wrong but Poch and Jose both commented on how the money has been there but the players haven't wanted to come/not been available/gone elsewhere. We've had a new stadium built, remained in the top flight the entire time and, these last ten years or so, seen some really massive amounts invested into the club, promoting it overseas and keeping our name in the mix when people talk about European Super Leagues.
Joe Lewis is a rich man beyond Spurs - the club could cease to exist tomorrow, wiped out by an asteroid which his insurance didn't cover, and he wouldn't even have to sell a yacht (and that's a big f'kin yacht) so I think maybe we need to decide where the line is between "profit stripping" and "making a reasonable return from your business investment" compared to other businesses.
Once we've done that we can go back to admiring the grass over there - thinking that our new mystery owner of 50% of our club and the occupants of Spurs Chat will do a better job of running the club than Dan & co.!
What the grot-brothers did at West Ham - moving in, selling the ground and renting out some hard-standing down the road, selling their best players and basically off-loading as much as they could from the clubs actual assets, padding their pockets - that's kinda where I'm coming from when I'm thinking of stripping profits or assets and, while I don't have any actual figures here, I'm not convinced that Joe Lewis/ENIC have really "profit stripped" the club to a level that most other business owners wouldn't expect on their business interests.
I mean, feel free to prove me wrong but Poch and Jose both commented on how the money has been there but the players haven't wanted to come/not been available/gone elsewhere. We've had a new stadium built, remained in the top flight the entire time and, these last ten years or so, seen some really massive amounts invested into the club, promoting it overseas and keeping our name in the mix when people talk about European Super Leagues.
Joe Lewis is a rich man beyond Spurs - the club could cease to exist tomorrow, wiped out by an asteroid which his insurance didn't cover, and he wouldn't even have to sell a yacht (and that's a big f'kin yacht) so I think maybe we need to decide where the line is between "profit stripping" and "making a reasonable return from your business investment" compared to other businesses.
Once we've done that we can go back to admiring the grass over there - thinking that our new mystery owner of 50% of our club and the occupants of Spurs Chat will do a better job of running the club than Dan & co.!
Westmorlandspur
Well-Known Member
- Feb 1, 2013
- 2,925
- 4,789
50 plus 1 is utter bollocks in an established league. Ok when starting out .
4 German clubs have found a way round it.
Red Bull just made their employees as shareholders. Wolfsburg owned by VW.
4 German clubs have found a way round it.
Red Bull just made their employees as shareholders. Wolfsburg owned by VW.
Shadydan
Well-Known Member
- Jul 7, 2012
- 38,247
- 104,143
It's pie in the sky nonsense really isn't it, I don't know how it would work over here.
wrd
Well-Known Member
- Aug 22, 2014
- 13,603
- 58,005
His drug dealer maybe
RJR1949
Well-Known Member
- Jan 31, 2013
- 954
- 5,388
British football clubs are valued as highly as they are because American investors (like the Glazers, Kroenke and FSG) have bet that one day football will be restructured to enable them to reduce the commercial risk of relegation, take a higher share of the TV money and take profits out of the club. They tried to bring this about through Operation Big Picture last Autumn and then the European Super League. They have to do this realise value from their investments. Without changes like these Premier League clubs will remain poorly profitable businesses.
The government could regulate to stop the American investors getting their way. They don’t have to force changes in the shareholdings they just have to create rules that will stop the American investors restructuring football to suit themselves.
One way of doing this would be to require every club to have a consultative board elected by the fans with no power over the day to day running of the club but with the right to veto fundamental changes to the nature of the club such as proposals to move out of the historic catchment area, the name of the club and the competitions in which the club takes part.
This could be backed up by rules that limit the proportion of profits that can be distributed to shareholders.
And all this could be enforced by an independent regulator.
This is not pie in the sky. Changes such as these could come out of the review launched by the government.
Take away the prospect of the Americanisation of British football and the eventual payment of large dividends and the value of the clubs will fall. The Glazers, FSG and Kroenke will lose large sums. ENIC will be worth less than Lewis and Levy hope but they’ll still have a good return on their original modest investment.
The government could regulate to stop the American investors getting their way. They don’t have to force changes in the shareholdings they just have to create rules that will stop the American investors restructuring football to suit themselves.
One way of doing this would be to require every club to have a consultative board elected by the fans with no power over the day to day running of the club but with the right to veto fundamental changes to the nature of the club such as proposals to move out of the historic catchment area, the name of the club and the competitions in which the club takes part.
This could be backed up by rules that limit the proportion of profits that can be distributed to shareholders.
And all this could be enforced by an independent regulator.
This is not pie in the sky. Changes such as these could come out of the review launched by the government.
Take away the prospect of the Americanisation of British football and the eventual payment of large dividends and the value of the clubs will fall. The Glazers, FSG and Kroenke will lose large sums. ENIC will be worth less than Lewis and Levy hope but they’ll still have a good return on their original modest investment.
Harryson
Well-Known Member
- Apr 4, 2019
- 221
- 1,325
No, I want 52%
Rocksuperstar
Isn't this fun? Isn't fun the best thing to have?
- Jun 6, 2005
- 53,423
- 67,156
Come on, dude, it would be hilarious.
I wonder what the line up, tactics, subs etc would be if you fed all of Spurs Chat into an AI and let it cough up some numbers? I say it casually, but half knowing that at least one of you will wake up at 2am with lines of python script scrolling through your head and a sudden urge to pull down the entire contents of the last couple of matchday threads, right?
Not saying you should stay up all night and be late for work but, y'know...
cliff jones
Well-Known Member
- Aug 31, 2012
- 4,158
- 6,798
Cheers. Signed. No one with a brain thinks this will work, but it will keep up the momentum for better oversight.
Seize the moment.
After the ESL debacle,
which is only taking temporary cover and will return
probably in disguise, but follow the money
there is an open window of opportunity to exert some pressure.
This petition is doomed, doomed I tell you
but may encourage the Govt to back up its brave words
to do something to protect the interest of the fans
and slow down if not prevent the further financial assaults on the beautiful game
looking uglier by the day.
After the ESL debacle,
which is only taking temporary cover and will return
probably in disguise, but follow the money
there is an open window of opportunity to exert some pressure.
This petition is doomed, doomed I tell you
but may encourage the Govt to back up its brave words
to do something to protect the interest of the fans
and slow down if not prevent the further financial assaults on the beautiful game
looking uglier by the day.
parj
NDombelly ate all the pies
- Jul 27, 2003
- 3,710
- 6,064
I'm fairly sure the stadium and training ground had to be paid for so I doubt there is as much profit stripping as people make out. Yes Levy didn't spend money but charges ridiculous amounts for season ticket, however, Levy did always say Tottenham have to be self sustaining which it is.
Real_madyidd
The best username, unless you are a fucking idiot.
- Oct 25, 2004
- 18,802
- 12,479
Sounds like the sort of thing the South African government would do.
Will either end up with a few corrupt fans with power or people that are too emotionally involved unable to do the right thing. At least by being privately owned we know that Levy is doing what is in the long term interests of the club.
Will either end up with a few corrupt fans with power or people that are too emotionally involved unable to do the right thing. At least by being privately owned we know that Levy is doing what is in the long term interests of the club.
fecka
Well-Known Member
- Jun 24, 2013
- 2,347
- 6,523
The 50+1 rule will likely inhibit the clubs growth and make the prem a one or two club league just like the bundesliga.
We have the same rule where I live and the discussion here revolves around whether to lift it or not as the amount of money being invested into the league is quite low and the club that has the biggest stadium now more or less completely run the league apart from a bad sporting year here and there.
Basically there is very little growth in the league due to the lack of investment and small clubs inevitably remain small clubs even if they have sporting success.
We have the same rule where I live and the discussion here revolves around whether to lift it or not as the amount of money being invested into the league is quite low and the club that has the biggest stadium now more or less completely run the league apart from a bad sporting year here and there.
Basically there is very little growth in the league due to the lack of investment and small clubs inevitably remain small clubs even if they have sporting success.
HodisGawd
Well-Known Member
- Oct 3, 2005
- 1,746
- 5,959
Profit-stripping? Really?
Can we stick to the facts please when debating this?
As has been said above, this is La La Land stuff and even if it were to happen, utterly pointless. If you think the Bundesliga is a bed of roses you haven't been paying attention.
So no, I won't be signing this.
Can we stick to the facts please when debating this?
As has been said above, this is La La Land stuff and even if it were to happen, utterly pointless. If you think the Bundesliga is a bed of roses you haven't been paying attention.
So no, I won't be signing this.
