The ousting of Daniel (COYS)

[chas vs dave]

We have to take into account how badly we have we’ve been buying aswell. I’m hoping paratici can turn this around but over the 5 years we’ve spent big money on

Ndombele
Lo Celso
Bergwijn
Emerson Royal
Reguilon
Docherty (hit and miss)
Sessegnon
Sanchez

how many of those would honestly get into a top 6 team? We’ve recruited so so bad.

You said earlier that levy doesn't back the managers. Yet these are all expensive flops.

Are you now insinuating that levy is responsible for these players not working out?

Him buying a club to make money isn't a bad thing. Very few owners buy a club to lose money.

Perhaps you need to get you head out of your ass. I have said levy needs to move on, but there are lots of very good things he has done.

 

[Mattspur]

I think you need to stop being such a smart ass. Just because the quote wasn’t directly at Tottenham you get a clear perspective on how Levy sees football. Why would it be any different with Tottenham than it is with Glasgow, salvia Prague and others? We are one of the biggest cash cow clubs in the world, which is a business man’s dream. Great for the chairman, terrible for the supporters.

Please explain how we are a “cash cow”. Are you saying that Levy it taking money out of the club? What’s happening to this “cash”?

 

[Mattspur]

I think you need to stop being such a smart ass. Just because the quote wasn’t directly at Tottenham you get a clear perspective on how Levy sees football. Why would it be any different with Tottenham than it is with Glasgow, salvia Prague and others? We are one of the biggest cash cow clubs in the world, which is a business man’s dream. Great for the chairman, terrible for the supporters.

Firstly, it is entirely possible that Levy and Lewis have a different perspective on buying Spurs than they did when investing into Rangers.

Secondly, now that we all know as absolute fact that Levy never said those words in reference to Spurs let’s all do our best to call out the lies and misinformation whenever we can.

 

[olliec]

Firstly, it is entirely possible that Levy and Lewis have a different perspective on buying Spurs than they did when investing into Rangers.

Secondly, now that we all know as absolute fact that Levy never said those words in reference to Spurs let’s all do our best to call out the lies and misinformation whenever we can.

Take your damn blinkers off. So many people have their heads in the cloud on this forum in regards to how our football club is run.

 

[kursaal]

This is doing the rounds. Whoever the author is, they've nailed ENIC.

The Great Con of Tottenham Hotspur - World of Hotspur

Share This: As fans’ restlessness and unease grows, Tottenham’s ownership seems primed to double down on their failed policies of the past 22 years. And while some may perceive Tottenham’s chronic malaise as neglect, or ineptitude, a closer look reveals far worse; everything is going exactly...

worldofhotspur.com

 

[Trix]

This is doing the rounds. Whoever the author is, they've nailed ENIC.

The Great Con of Tottenham Hotspur - World of Hotspur

Share This: As fans’ restlessness and unease grows, Tottenham’s ownership seems primed to double down on their failed policies of the past 22 years. And while some may perceive Tottenham’s chronic malaise as neglect, or ineptitude, a closer look reveals far worse; everything is going exactly...

worldofhotspur.com

It's been posted numerous times already and, no they haven't.

 

[cider spurs]

This is doing the rounds. Whoever the author is, they've nailed ENIC.

The Great Con of Tottenham Hotspur - World of Hotspur

Share This: As fans’ restlessness and unease grows, Tottenham’s ownership seems primed to double down on their failed policies of the past 22 years. And while some may perceive Tottenham’s chronic malaise as neglect, or ineptitude, a closer look reveals far worse; everything is going exactly...

worldofhotspur.com

You been hibernating again innit.

 

[0-Tibsy-0]

He's inviting Spurs fans to message their opinions on the Levy/Enic ownership if anyone wanted to.

 

[kursaal]

You been hibernating again innit.

The truth is I've never been so depressed about Spurs, and I followed us through the relegation season and in the 2nd division.

 

[cider spurs]

The truth is I've never been so depressed about Spurs, and I followed us through the relegation season and in the 2nd division.

Feel for you brother. That'll explain your residency in the 'Joke Thread'.

 

[Dov67]

Please explain how we are a “cash cow”. Are you saying that Levy it taking money out of the club? What’s happening to this “cash”?

This is such a ridiculous point! Do you genuinely not understand how company finance works or are you Daniel Levy's first cousin.?

We are a cash cow because we we generate huge amounts of commercial revenue through the stadium, more than any other club in the country. Significantly more in fact. When the accounts are released next month take a look at the balance sheet - cash reserves will be right there under "Current Assets", you will also see cash generation in the Cash Flow Statement, which is an audited primary financial statement. And you will also see these figures are rather large, of themselves, and in comparison to every other football club in the PL because..............that stadium is a "cash cow"

And no, nobody is suggesting Levy is siphoning the money off into secret Swiss bank acounts - instead it remains as part of the company's cash reserves whereas the we as fans would like to see lower cash reserves, less than world record profits and better players on the pitch so we might in the future win more than one league cup in 20 odd years.

 

[Mattspur]

This is such a ridiculous point! Do you genuinely not understand how company finance works or are you Daniel Levy's first cousin.?

We are a cash cow because we we generate huge amounts of commercial revenue through the stadium, more than any other club in the country. Significantly more in fact.

And no, nobody is suggesting Levy is siphoning the money off into secret Swiss bank acounts - instead it remains as part of the company's cash reserves whereas the we as fans would like to see lower cash reserves, less than world record profits and better players on the pitch so we might in the future win more than one league cup in 20 odd years.

Well, as a matter of fact, I do understand how company finance works, which is exactly why I’m asking these questions.

Do you know what the company’s cash reserve were for the last 2 years? Do you understand the necessity to create large cash reserves and profits whilst seeking to arrange a huge borrowing? If you knew the answer to either of these questions you probably wouldn’t hold the views you do.

 

[Mattspur]

Take your damn blinkers off. So many people have their heads in the cloud on this forum in regards to how our football club is run.

I’m not the one wearing blinkers. You are! You’ve been presented with undeniable facts, yet with all evidence pointing to the contrary you still chose to believe and spread misinformation and lies.

Not one thing you’ve said has any semblance of fact associated with it whereas everything I’ve said can be backed up with actual facts. I challenge you to disprove anything I’ve claimed with evidence to back it up. I’d be interested to know where you get your information from.

 

[Dov67]

Well, as a matter of fact, I do understand how company finance works, which is exactly why I’m asking these questions.

Do you know what the company’s cash reserve were for the last 2 years? Do you understand the necessity to create large cash reserves and profits whilst seeking to arrange a huge borrowing? If you knew the answer to either of these questions you probably wouldn’t hold the views you do.

I'm not sure you do understand financial statements, because nobody who did, would ask even rhetorically "what happened to the cash" in response to someone saying quite correctly that we are a cash cow. It was a ridiculous thing to say.

The funding for the stadium has already been agreed with long term loans (circa 20 years) at comparatively favourable interest rates, and the debt covenants are not restrictive or onerous given the financial risk assumed by the issuing banks will have been risk rated as low (ironically because THFC is in fact a......cash cow).

The reason we don't invest in the playing squad is not because of the need to refinance or because of onerous debt covenants prevent us from doing so, but because we have made a conscious decision not to because ENIC do not want to assume the financial risk of the kind of investment required to do what we used to before ENIC took over - win stuff! That's it, that's the reason - ENIC are not being forced against their will buy Rodon instead of Skrinniar, let Jack Grealish go for the sake of £5m, or pass on Sadio Mane because HSBC won't approve his wages.

We cannot compete financially with Abu Dhabi City or with Saudi owned Newcastle but we can complete financially with Liverpool and Arsenal and even Man U - Levy has decided not to.

 

[Mattspur]

I'm not sure you do understand financial statements, because nobody who did, would ask even rhetorically "what happened to the cash" in response to someone saying quite correctly that we are a cash cow. It was a ridiculous thing to say.

The funding for the stadium has already been agreed with long term loans (>25 years) at comparatively favourable interest rates, and the debt covenants are not restrictive or onerous given the financial risk assumed by the issuing banks will have been risk rated as low (ironically because THFC is in fact a......cash cow).

The reason we don't invest in the playing squad is not because of the need to refinance or because of onerous debt covenants but because we have made a conscious decision not to because ENIC do not want to assume the financial risk of the kind of investment required to do what we used to before ENIC took over - win stuff! That's it, that's the reason - ENIC are not being forced against their will buy Rodon instead of Skrinniar, let Jack Grealish go for the sake of £5m, or pass on Sadio Mane because HSBC won't approve his wages.

We cannot compete financially with Abu Dhabi City or with Saudi owned Newcastle but we can complete financially with Liverpool and Arsenal and even Man U - Levy has decided not to.

The reason I asked "what happened to the cash" is because I was replying to a post where I'm confident the poster didn't have an accounting background and so was asking in simple terms for him to expand on his comment because he surely wasn't getting his information from the accounts. The question was never directed at you.

Your second paragraph confirms what I said, that we needed to show high cash reserves and profits in order to secure the financing.

Our spending over the last 4 seasons (new stadium era) compared to Arsenal and Liverpool according to Transfermarkt.com

Spurs
22/23 = £170m
21/22 = £96m
20/21 = £111m
19/20 = £149m
Total = £526m
Sales = £152m
Net = £374m

Arsenal
22/23 = £132m
21/22 = £167m,
20/21 = £86m
19/20 = £161m
Total = £546m
Sales = £128m
Net = £418m

Liverpool
22/23 = £137m
21/22 = £87m
20/21 = £84m
19/20 = £10m
Total = £318m
Sales = £172m
Net = £146m

Man U are a completely different animal to us and are way ahead of us financially so not worthy of comparison. As you can see from the above figures, our spending is pretty close Arsenal and far higher than Liverpool. So where does this notion that we don't invest in the playing squad come from? Levy has always said that the new stadium would enable us to compete financially with our rivals and even though Covid has been a huge disruption to that plan it seems to me that Levy is doing exactly what he said he would.

As far a missing out on player A or B and signing player C or D instead, neither of us has any idea whether any of that information is accurate or not and we probably never will. I prefer to look at the reality rather than the if's and maybe's. You can definitely say that our expensive signings haven't worked out well for us for the most part, but pretty much everyone was happy with the signings on Ndombele, Lo Celso, Bergwijn Reguilon and Sess when they were made.

 

[RELISYS]

This is such a ridiculous point! Do you genuinely not understand how company finance works or are you Daniel Levy's first cousin.?

We are a cash cow because we we generate huge amounts of commercial revenue through the stadium, more than any other club in the country. Significantly more in fact. When the accounts are released next month take a look at the balance sheet - cash reserves will be right there under "Current Assets", you will also see cash generation in the Cash Flow Statement, which is an audited primary financial statement. And you will also see these figures are rather large, of themselves, and in comparison to every other football club in the PL because..............that stadium is a "cash cow"

And no, nobody is suggesting Levy is siphoning the money off into secret Swiss bank acounts - instead it remains as part of the company's cash reserves whereas the we as fans would like to see lower cash reserves, less than world record profits and better players on the pitch so we might in the future win more than one league cup in 20 odd years.

We don't currently have a large Cash Reserve, the last set of Accounts indicate Financial Assets as £263.000 which is Cash at the Bank due to the repayment of the £175,000,000 bank loan from the BOE. The recent share issue from ENIC was also partially used to balance the books due to the massive losses we have taken over the last two years due to Covid.

 

[Albertbarich]

You lads have taken this conversation to a point where you won't agree out of spite if anything.

Have a cuppa or something.

 

[DiVaio]

Bro, 1 cup in 20+ years and we're still playing Ben Davies and Eric Dier after almost 9 years of failure. Everything is moot. The bald tyrant has to go.

And yet Davies and Dier are still here at Spurs only because two serial winners in Mourinho and Conte wants them at the club. Lol.

 

[For the love of Spurs]

And yet Davies and Dier are still here at Spurs only because two serial winners in Mourinho and Conte wants them at the club. Lol.

Dier and Davies are ok but not much more. I seriously doubt Conte putting in big bids for Dier if he went back to Inter. They are bench level players for Conte at his prior clubs, you’d think he would play them over Skrinair, De Virj or Bastoni.

 

[Albertbarich]

And yet Davies and Dier are still here at Spurs only because two serial winners in Mourinho and Conte wants them at the club. Lol.

Do they want them or do they think they're the best of a bad bunch so play them above others?