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Management ENIC

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ENIC In or ENIC Out


  • Total voters
    209
So … if you think it through, they didn’t actually go away. It’s not been: brief rut then abracadabra and all is forgiven. This season’s been one long rut with mistake after mistake and only a token of a handful of games anyone could call fun and entertaining.

No one’s chanting negative shit after a decisive victory with quality football. Of course not. But we’ve heard those chants quite a lot in recent months. Why? Lack of quality football. Lack of direction from the board. Lack of an effective manager. Lack of effort from the players.

It will never go away because we will always hit a rut so the sentiment will always be bubbling under the surface but that's no different to many other fanbases, fans start to look for scapegoats when you lose or are in bad moments.

Yes that is the point, no-one's chanting negative shit after a decisive win which is how I know the ENIC out sentiment is largely bollocks.

These chants/protests never go past a vocal minority, it's always a loudish minority and it's always half arsed.
 
ENIC have lost the benefit of the doubt from many moderates this season Dan.

Woolwich have exposed ENIC for the frauds that they are.

Even the most 'level headed' Spurs supporter can see that Poch's Spurs team, 16 / 17, needed one or two quality players added to give a title challenge or trophy win a real go.

Woolwich dared to do and it has paid off.

Levy sold Walker and began breaking up Poch's team and sacked him.

He's fucked and exposed.

Wasn't Conte meant to be Levy's last chance and the last throw of the dice and if it fails he's got nowhere to run...threats of protests and everyone turning on Levy if it went wrong yada yada yada

I mean there's just a handful of fans that are blaming them with any vim, the rest meh...
 
Wasn't Conte meant to be Levy's last chance and the last throw of the dice and if it fails he's got nowhere to run...threats of protests and everyone turning on Levy if it went wrong yada yada yada

I mean there's just a handful of fans that are blaming them with any vim, the rest meh...
I actually agree with you regarding the apathy.

However; once these things reach a certain stage there is an inevitability that cannot be avoided.

I think the days of Levy and ENIC escaping the blame from the majority of supporters has passed by.

Levy out is now part of the culture at Spurs.

It will be chanted every time there is frustration and those chants will get louder unless Spurs win a trophy or Levy & ENIC sell up.

I don't think a League Cup win will keep the illusion going for long either.

Not another 15 years anyway.
 
I

Talking about Leicester I wonder how many Spurs fans would swap their lot for a title and FA cup, followed by a relegation battle?
100%
This Bloom guy sounds great. What does he have to say about his investments?

« A lot of the investments I’ve put in are for the infrastructure: the stadium and the training ground and training ground enhancement, a lot of capital infrastructure that will be there for many decades to come. »

Ok great. Remind you of anyone?

Is Brighton self sufficient?

Absolutely not. They have posted big losses recently and required a 70m loan from Bloom recently to cover those losses.

Is that the only loan?

No… Bloom’s investment into the club comes in the form of £400m worth of interest free loans. That money will be repayable to bloom at some point through either a higher sale price or repayment by the next owner.

Please educate yourselves before you blOw yoUr loads on other clubs.
we posted big losses. We (the club) paid for our infra, Bloom funded theirs. How do you know it will be repayable? He’s a proper fan unlike the filthy midget bean counter fraud
 
Top 6 in 13 out of the past 14 seasons.

Top 5 in 11 out of the past 14 seasons.
Happy Hugh Jackman GIF
 
It would be hugely extreme and I’d never want to see us actually relegated but it is an interesting thought. At least then I could say I’ve seen us win the league in my lifetime.
True it ain't going to happen but I just put it out there as a thought. I just want to see an open bus top parade through North London that is white not red. I can't really remember the last one.
I expect Levy has had his calculator out and totted up how much he'd lose if we ever got relegated...
 
The investment gains are unrealised. The asset (THFC) has increased in value but that doesn’t imply the owners now have the liquidity to invest huge sums.

As an analogy… let’s say you bought a house in 2001 for 300k. Now let’s say you completely remodelled it, improved the garden, added a pool and built a garage. Your total assets now (22 years later) might be worth 3 million through a combination of a rise in house prices generally and the money invested in your homes. That’s doesn’t mean you now have 300k in cash to spend on a boat… your cash is tied up in your investments.

You could take out a loan against the positive equity… that’s how billionaires often get liquidity. Most of Bezos’s wealth is tied up in stock… he can’t spend that money tonight but that’s a foolish thing to do for a football club. The transfer market doesn’t offer anything like safe returns so to take out loans against the club to invest in players is extremely foolish. Even Deuterz Deuterz isnt asking for that.

No idea where you get your 500m value from.
Sorry but a house is not a comparison with a football club. For a start a football club is required to generate revenue through footballing activities a house is an asset which keeps you dry and nothing more unless you let it out. The stadium could be a comparison but then you must consider the level of debt and maintenance and of course the fact the stadium is a revenue generating asset. Of course the elephant in this room is value and house values go up but I'm afraid stadium values go down, don't believe just check out amortisation... Big Dan's already on it.

The investment in footballing activities is an absolute, otherwise your asset does not generate. But you think ....

What you fail to understand is the club have increased in value represented by an increase in the price of the stock. Enic under levy have taken out huge loans on the clubs books for which the club is responsible. This is all tied to the stadium and we have become nothing more than another property deal.

Ps Bezos wealth is tied up with stock, which is a highly liquid asset which he can trade..... Or are you talking options with defined time lines. Either way enic have placed a huge debt that the fans pay off while they will actually see a massive profit when they sell. Thier investment in players on the other has been criminal.

So in summary we've already taken out loan but you feel this can be ignored much like the playing staff...
 
I don't think he wants ENIC to loan us money. He wants them to invest it in to the club. You can say that's completely unreasonable or w/e but its what a lot of other owners have done. Most owners in the league in fact have pumped hundreds of millions of their own capital in to the club with no expectation of repayment. They do it because they view the club as an investment and take the risk on improved revenue from improved sporting performances.

But again, I don't want them to do it. Because we don't have the underlying structure in place to make lots of spending worthwhile right now at all.
No they haven't.
Most owners have invested their own money but it's gone down on the book's as a loan.
Aston villa being the only exception I think.


Brighton for example

"Tony Bloom lent Brighton a further £49 million interest free - according to football finance expert Kieran Maguire."

 
I'm not factually wrong, you are. These owners putting money in to the clubs are not doing so via loans, they aren't expecting interest payments, they're putting money in to their investment. This happens all the time, you're wrong & should accept it. If the investment fails, Moshiri will get nothing at Everton for example. Only the money he's putting in is actually keeping them afloat atm.

You know nothing about this because you live in ENIC world where no owners would ever invest without it being blood money or extortionate loans which destroy their clubs. Its a fantasy world.

But why would I be surprised? It's your job.
Another loan onto the club's books.


"The loan, extended from £100m to £150m by the club’s owner Farhad Moshiri last season, is repayable in 2027. But relegation would lead to a potential immediate demand for the money, as revealed in Everton’s 2021-22 financial accounts published on Friday."
 
No they haven't.
Most owners have invested their own money but it's gone down on the book's as a loan.
Aston villa being the only exception I think.


Brighton for example

"Tony Bloom lent Brighton a further £49 million interest free - according to football finance expert Kieran Maguire."

Brighton have received somewhere around 400m in loans from Bloom. LOANS.
 
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