Management ENIC

[Guy From The Lane]

View: https://x.com/bridagul/status/1889012673934766175?t=ykBJKRHjjCVtYHGxnUBTAQ&s=19

Click to shrink...

I love this stadium but I'm biased because I'm a Spurs fan I can't find myself cussing the home of my team where I've had a lot of good memories.

I'm not one to believe the stadium is the issue as we needed a new one I loved WHL but the cracks were showing.

But it's how the stadium's revenue has been used because it's not going to the team it's going into Levy's & others pockets.

 

[MemphisWill]

David Ornstein makes concerning Mathys Tel reveal after Spurs switch

Spurs fans may be worried about the latest report from David Ornstein about Mathys Tel's reputation at Bayern Munich.

www.spurs-web.com

‘Nike Arena’ mooted as finance insider shares update on Daniel Levy signing £200m Tottenham stadium deal​

Click to shrink...

To be clear, there is absolutely nothing meaningful to this headline. The Kieran Maguire has no actual knowledge of any potential naming rights negotions, merely restates the rumoured idea that Levy wanted/wants £200-250M and throws out Nike Arena as a hypothetical example of his own making simply as a illustrative device to show that the longer the stadium goes without a name the less value a naming rights deal becomes because everyone is going to continue calling it WHL or Tottenham Hotspur Stadium.

Nike Arena as ubiquitous brand. They gain no value from having Nike Arena spoken or printed. Not one person in the world is going to learn about Nike through a stadium naming rights deal, nor is anyone going to become motivated to buy something from Nike because of it. They've had over 100 chances in the last 30 years in the US alone and never even considered naming rights. It's. Not. Happening.

 

[MemphisWill]

But it's how the stadium's revenue has been used because it's not going to the team it's going into Levy's & others pockets.

Click to shrink...

Not true. Stadium opened in April 2019.

Net spend
16/17: -€31.2
17/18: -€17.2M
18/19: +€5.3M
19/20: -€86.0M
20/21: -€97.2M
21/22: -€61.3M
22/23: -€141.2M
23/24: -€151.4M
24/25: -€120.1M

Premier League - Transfer balance and five-year comparison

In dieser Statistik werden die Transferbilanzen der letzten fünf bzw. zehn Jahre der Vereine der Premier League miteinander verglichen.

www.transfermarkt.us

Annual Wage Bill
16/17: £71.3M
17/18: £80.4M
18/19: £90.5M
19/20: £106.4M
20/21: £135.8M
21/22: £110.4M
22/23: £117.0M
23/24: £132.2M
24/25: £104.8M

2025-2026 Tottenham Hotspur FC Salaries and Contracts

Capology | Football Salaries & Finances

www.capology.com

There has been a very noticeable and significant uptick in spending since the opening of the stadium directly related to the increased revenue created by the stadium. Many of Levy's detractors/critics haven't evolved with the new ecosystem.

The biggest problem hasn't been spending. It's be wasteful spending. Poor scouting. Buying square pegs.

 

[bus-conductor]

Not true. Stadium opened in April 2019.

Net spend
16/17: -€31.2
17/18: -€17.2M
18/19: +€5.3M
19/20: -€86.0M
20/21: -€97.2M
21/22: -€61.3M
22/23: -€141.2M
23/24: -€151.4M
24/25: -€120.1M

Premier League - Transfer balance and five-year comparison

In dieser Statistik werden die Transferbilanzen der letzten fünf bzw. zehn Jahre der Vereine der Premier League miteinander verglichen.

www.transfermarkt.us

Annual Wage Bill
16/17: £71.3M
17/18: £80.4M
18/19: £90.5M
19/20: £106.4M
20/21: £135.8M
21/22: £110.4M
22/23: £117.0M
23/24: £132.2M
24/25: £104.8M

2025-2026 Tottenham Hotspur FC Salaries and Contracts

Capology | Football Salaries & Finances

www.capology.com

There has been a very noticeable and significant uptick in spending since the opening of the stadium directly related to the increased revenue created by the stadium. Many of Levy's detractors/critics haven't evolved with the new ecosystem.

The biggest problem hasn't been spending. It's be wasteful spending. Poor scouting. Buying square pegs.

Click to shrink...

Completely agree with all the above, the caveat being that while the net transfer spend has definitely increased considerably, the wage spend has only increased marginally.

There is definitely a lot of room there that could be exploited to improve the quality- although just like transfer spend, there’s no cast iron guarantees I guess - especially with our recruitment record.

The stuff about all the profits going in Levy’s pocket and is just idiotic nonsense. Levy’s big payday is when they sell up, until then he earns less that our best players per year.

 

[HotShotTottenham]

I'd like to see a manager with pedigree, who plays entertaining football, and the commitment from Levy to build a squad of capable players, not buying over-priced, injury-prone players, or, a load of teenagers and expecting them to play twice a week and bail us out.

Click to shrink...

Ain’t gonna happen.

 

[Ed Vanderlay]

Not true. Stadium opened in April 2019.

Net spend
16/17: -€31.2
17/18: -€17.2M
18/19: +€5.3M
19/20: -€86.0M
20/21: -€97.2M
21/22: -€61.3M
22/23: -€141.2M
23/24: -€151.4M
24/25: -€120.1M

Premier League - Transfer balance and five-year comparison

In dieser Statistik werden die Transferbilanzen der letzten fünf bzw. zehn Jahre der Vereine der Premier League miteinander verglichen.

www.transfermarkt.us

Annual Wage Bill
16/17: £71.3M
17/18: £80.4M
18/19: £90.5M
19/20: £106.4M
20/21: £135.8M
21/22: £110.4M
22/23: £117.0M
23/24: £132.2M
24/25: £104.8M

2025-2026 Tottenham Hotspur FC Salaries and Contracts

Capology | Football Salaries & Finances

www.capology.com

There has been a very noticeable and significant uptick in spending since the opening of the stadium directly related to the increased revenue created by the stadium. Many of Levy's detractors/critics haven't evolved with the new ecosystem.

The biggest problem hasn't been spending. It's be wasteful spending. Poor scouting. Buying square pegs.

Click to shrink...

so let’s say to keep it simple wages were going up by 10% a year in the old stadium (and to Wembley which we paid a high rent for) looking at your figures , seems a reasonable and in fact conservative ( 16-20 is more than 10% each year ) assumption. I know, I know Wembley , but the rent was a big negative on income .



Let’s look at the new stadium where logically there should be similar wage inflation, every other big club is suffering wage inflation it seems.

20-21 initial spike to 135 million
21-22 should be 148 million is only 110 million
22-23 148M should increase to 163M is only 117 million
23-24 163M should now be 179M is only132M
24-25 179M should now be 197M but is a paltry 104M

Based on the very conservative 10% annual increment that one might expect in such a competitive market for quality players salaries we have actually underpaid by
38M
46M
47M
And last but not least a staggering 93M

Giving a total squeeze on salaries of 224M

25-26 season salaries based on 10% increase should be roughly 217M. This figure is a staggering more than 100% increase on this seasons salaries .

Let’s not pretend they are investing , they are spending on players to repair the damage their incompetence has caused , but slashing salaries to try and offset the spend .

This is my opinion of their strategy admittedly , but in my view the numbers based on your figures allowing for wage inflation back it up

If I did it on actual real percentages annually 16-20 instead of the conservative 10% the squeeze would be far greater , but I wanted to keep the math simple.

Finally , to negate the but Wembley argument . If someone else can be arsed to do it please feel free . Take the 71.3M salaries last year in the old stadium pre Wembley and increase it at an extremely conservative 5% per annum for 8 years , I suspect the figure will be similar to and maybe slightly above what we paid in salaries last year . This paints a very clear picture of the business model, allowing for inflation salaries similar to that in the old stadium


Edit : I just did it , if we had never built the stadium and salaries went up by 5% from last year at the old stadium the figure would be 105.3m this season , so 500k more than this season in the new stadium .

Lol , the new stadium will allow us to compete

Back of the net as Alan Partridge might say , the prosecution rests

 

[Murphy]

I’ve been watching most of these things

Click to shrink...

I listen to Harry a lot and watch the Palace guys stuff regularly. He’s a good egg.

 

[dudu]

so let’s say to keep it simple wages were going up by 10% a year in the old stadium (and to Wembley which we paid a high rent for) looking at your figures , seems a reasonable and in fact conservative ( 16-20 is more than 10% each year ) assumption. I know, I know Wembley , but the rent was a big negative on income .



Let’s look at the new stadium where logically there should be similar wage inflation, every other big club is suffering wage inflation it seems.

20-21 initial spike to 135 million
21-22 should be 148 million is only 110 million
22-23 148M should increase to 163M is only 117 million
23-24 163M should now be 179M is only132M
24-25 179M should now be 197M but is a paltry 104M

Based on the very conservative 10% annual increment that one might expect in such a competitive market for quality players salaries we have actually underpaid by
38M
46M
47M
And last but not least a staggering 93M

Giving a total squeeze on salaries of 224M

25-26 season salaries based on 10% increase should be roughly 217M. This figure is a staggering more than 100% increase on this seasons salaries .

Let’s not pretend they are investing , they are spending on players to repair the damage their incompetence has caused , but slashing salaries to try and offset the spend .

This is my opinion of their strategy admittedly , but in my view the numbers based on your figures allowing for wage inflation back it up

If I did it on actual real percentages annually 16-20 instead of the conservative 10% the squeeze would be far greater , but I wanted to keep the math simple.

Finally , to negate the but Wembley argument . If someone else can be arsed to do it please feel free . Take the 71.3M salaries last year in the old stadium pre Wembley and increase it at an extremely conservative 5% per annum for 8 years , I suspect the figure will be similar to and maybe slightly above what we paid in salaries last year . This paints a very clear picture of the business model, allowing for inflation salaries similar to that in the old stadium


Edit : I just did it , if we had never built the stadium and salaries went up by 5% from last year at the old stadium the figure would be 105.3m this season , so 500k more than this season in the new stadium .

Lol , the new stadium will allow us to compete

Back of the net as Alan Partridge might say , the prosecution rests

Click to shrink...

YOu make good and fair points where wages are concerned but - and this is provable by anyone that goes and looks....

95% of teams, regardless of what they make, dont replace players with a like-for-like in terms of wages - especially not those going through a period where all of their highest earners leave within a couple of years of each other.

Woolwich and Liverpool are two absolutely prime examples that show what we have done is not abnormal as we rebuild our squad with younger players.

Look at Luiz Diaz - I think we would all agree we would take him in a heartbeat - he is still on 55k a year -

A lot of players don't want to come to us because they just want to go elsewhere - sure - money talks a lot - but there are other factors at play here.

People wanted a strategy - we seemingly have one right now which is to buy young players with a very high ceiling and build a team of future superstars for the long term.

Cynics keep pointing out that we are just doing it to make money off them when they get to their peak value but this has just not been something the club has done since Bale - and the same people now say the opposite that we coerced Kane, Son into staying longer than they should.

I frankly, as i have said 100 times, do not care if ENIC are here or not - As long as we are not owned by a whitewashing murderous regime I will always watch my team play - but I just do not see things as black and white as you mate....

The world is full of grey areas that people who are so entrenched in the view are seemingly colour blind to.

 

[SpiderSpurs]

View: https://x.com/ChangeForSpurs/status/1889205776582865322?t=ArKetcbko6c_Gcl8nREL2Q&s=19

 

[Guy From The Lane]

Not true. Stadium opened in April 2019.

Net spend
16/17: -€31.2
17/18: -€17.2M
18/19: +€5.3M
19/20: -€86.0M
20/21: -€97.2M
21/22: -€61.3M
22/23: -€141.2M
23/24: -€151.4M
24/25: -€120.1M

Premier League - Transfer balance and five-year comparison

In dieser Statistik werden die Transferbilanzen der letzten fünf bzw. zehn Jahre der Vereine der Premier League miteinander verglichen.

www.transfermarkt.us

Annual Wage Bill
16/17: £71.3M
17/18: £80.4M
18/19: £90.5M
19/20: £106.4M
20/21: £135.8M
21/22: £110.4M
22/23: £117.0M
23/24: £132.2M
24/25: £104.8M

2025-2026 Tottenham Hotspur FC Salaries and Contracts

Capology | Football Salaries & Finances

www.capology.com

There has been a very noticeable and significant uptick in spending since the opening of the stadium directly related to the increased revenue created by the stadium. Many of Levy's detractors/critics haven't evolved with the new ecosystem.

The biggest problem hasn't been spending. It's be wasteful spending. Poor scouting. Buying square pegs.

Click to shrink...

Ergh I'm gonna have to put *Sarcasm* or *hyperbolic* and *ghoulish overkill* in my posts sometimes...

I know all this...that's why I said I don't blame the stadium...

 

[PatagoniaPhil]

Can anyone tell me why Iraola seems to be flavour of the month? He's won nothing and he's got a total managerial win percentage of exactly 40%?

Surely appointing him would just be another roll of the dice for 18 months. Anyone who comes in now with a squad full of injuries is going to do no better than Ange, and just risk end up looking like Amorin.

I'd like to see a manager with pedigree, who plays entertaining football, and the commitment from Levy to build a squad of capable players, not buying over-priced, injury-prone players, or, a load of teenagers and expecting them to play twice a week and bail us out.

You build a squad over time, adding a couple of quality players in each window (and pay the going rate for wages), but we just react in every window and end up average players replacing average players - in actual fact, for 7 years, all of our decent players get replaced by average players too. Kane, Eriksen, Dembele, Jan, Toby, Rose, Walker - who is really much better since they left? And the list goes on. Even Romero, one of the more decent ones, is always crocked, getting sent off, or giving away needless pens. I mean, who really thought Werner was going to be any good, and if so, based on what? We just can't help collecting average from the bargain bucket.

I heard today that we could have spent £250m before getting close to FPP, and with our revenues, let's hope we have a clearout and refit in the summer, for the new manager.

Click to shrink...

I think half of it is clever scouting from Bournemouth. Sometimes the manager is just in the right place at the right time.

 

[Ed Vanderlay]

YOu make good and fair points where wages are concerned but - and this is provable by anyone that goes and looks....

95% of teams, regardless of what they make, dont replace players with a like-for-like in terms of wages - especially not those going through a period where all of their highest earners leave within a couple of years of each other.

Woolwich and Liverpool are two absolutely prime examples that show what we have done is not abnormal as we rebuild our squad with younger players.

Look at Luiz Diaz - I think we would all agree we would take him in a heartbeat - he is still on 55k a year -

A lot of players don't want to come to us because they just want to go elsewhere - sure - money talks a lot - but there are other factors at play here.

People wanted a strategy - we seemingly have one right now which is to buy young players with a very high ceiling and build a team of future superstars for the long term.

Cynics keep pointing out that we are just doing it to make money off them when they get to their peak value but this has just not been something the club has done since Bale - and the same people now say the opposite that we coerced Kane, Son into staying longer than they should.

I frankly, as i have said 100 times, do not care if ENIC are here or not - As long as we are not owned by a whitewashing murderous regime I will always watch my team play - but I just do not see things as black and white as you mate....

The world is full of grey areas that people who are so entrenched in the view are seemingly colour blind to.

Click to shrink...

This season our salaries are 500 k less allowing for a very low annual increase of 5% than they were for our last season in the old stadium . Ignore the rest of the numbers just consider this .
Last season the old stadium the capacity was 34, 000 it is now 62, 000 an increase of 26,000 an increase of about 75% on footfall. Then factor in vastly increased ticket prices on 62,000 tickets , season tickets, and extortionate corporate rates. A massive increase on food and drink over the bar , all the extra events which the Levy fans trumpet so loudly . Yet here we are with a 5% salary inflation kicker paying less than we did in the old stadium.
I will not except the no CL argument , it is their mismanagement that saw us drop out. Now we are not only out we are miles off bar a Europa League miracle .

There is no defence of these greedy clowns .

 

[Furball man]

YOu make good and fair points where wages are concerned but - and this is provable by anyone that goes and looks....

95% of teams, regardless of what they make, dont replace players with a like-for-like in terms of wages - especially not those going through a period where all of their highest earners leave within a couple of years of each other.

Woolwich and Liverpool are two absolutely prime examples that show what we have done is not abnormal as we rebuild our squad with younger players.

Look at Luiz Diaz - I think we would all agree we would take him in a heartbeat - he is still on 55k a year -

A lot of players don't want to come to us because they just want to go elsewhere - sure - money talks a lot - but there are other factors at play here.

People wanted a strategy - we seemingly have one right now which is to buy young players with a very high ceiling and build a team of future superstars for the long term.

Cynics keep pointing out that we are just doing it to make money off them when they get to their peak value but this has just not been something the club has done since Bale - and the same people now say the opposite that we coerced Kane, Son into staying longer than they should.

I frankly, as i have said 100 times, do not care if ENIC are here or not - As long as we are not owned by a whitewashing murderous regime I will always watch my team play - but I just do not see things as black and white as you mate....

The world is full of grey areas that people who are so entrenched in the view are seemingly colour blind to.

Click to shrink...

Harry was home grown , all profit add to that , he loved the club & he wanted it to succeed he clearly wanted out before he left , it’s public knowledge. Sonny is just a bloody nice bloke , who probably could have moved on but he seems loyal

Bar those 2 we haven’t had any top quality players but I will guarantee you within the next 2 to 3 years we will lose Romero , Deki , VdV players whose ambition outshines THFC’s own.

Then we’ll have the next potential stars , Bergvall and Gray

Truly ambitious players do not stay at Spurs because they know how it is

 

[Guy From The Lane]

If im being brutally honest I don't care who runs the club or it's chairman, as I've stated before getting 'them out' is nigh impossible except due to certain circumstances I raised in other posts like corruption, bankruptcy, political alignment with a country that can cause a national security risk or Levy gets #meetoo'd - what I do care about is HOW this club/team is run & it's obvious to anyone that its focus is not on the club but on the brand - Levy himself has said this in HIS OWN WORDS (if you like that fine no problem) but here's the kicker we can't go on like this because they only brand we will have is being a joke.

 

[Ed Vanderlay]

Harry was home grown , all profit add to that , he loved the club & he wanted it to succeed he clearly wanted out before he left , it’s public knowledge. Sonny is just a bloody nice bloke , who probably could have moved on but he seems loyal

Bar those 2 we haven’t had any top quality players but I will guarantee you within the next 2 to 3 years we will lose Romero , Deki , VdV players whose ambition outshines THFC’s own.

Then we’ll have the next potential stars , Bergvall and Gray

Truly ambitious players do not stay at Spurs because they know how it is

Click to shrink...

Sonny is an anomaly , the level of superstardom he has in South Korea means with advertising and endorsements he will be at an elite level on income , it’s just not down to what Levy pays him . He is like Michael Jordan in Korea he will have a massive income long after he retires. I go to Korea regularly, he is almost a deity over there .

 

[Honest John]

YOu make good and fair points where wages are concerned but - and this is provable by anyone that goes and looks....

95% of teams, regardless of what they make, dont replace players with a like-for-like in terms of wages - especially not those going through a period where all of their highest earners leave within a couple of years of each other.

Woolwich and Liverpool are two absolutely prime examples that show what we have done is not abnormal as we rebuild our squad with younger players.

Look at Luiz Diaz - I think we would all agree we would take him in a heartbeat - he is still on 55k a year -

A lot of players don't want to come to us because they just want to go elsewhere - sure - money talks a lot - but there are other factors at play here.

People wanted a strategy - we seemingly have one right now which is to buy young players with a very high ceiling and build a team of future superstars for the long term.

Cynics keep pointing out that we are just doing it to make money off them when they get to their peak value but this has just not been something the club has done since Bale - and the same people now say the opposite that we coerced Kane, Son into staying longer than they should.

I frankly, as i have said 100 times, do not care if ENIC are here or not - As long as we are not owned by a whitewashing murderous regime I will always watch my team play - but I just do not see things as black and white as you mate....

The world is full of grey areas that people who are so entrenched in the view are seemingly colour blind to.

Click to shrink...

 

[dudu]

Click to shrink...

Mate, you are not a serious person and the biggest troll on here.

I have asked you so many questions and you never, ever answer any of them. Not even in good faith - just never. You have nothing of any interest, importance or substance to say.

 

[Furball man]

Sonny is an anomaly , the level of superstardom he has in South Korea means with advertising and endorsements he will be at an elite level on income , it’s just not down to what Levy pays him . He is like Michael Jordan in Korea he will have a massive income long after he retires. I go to Korea regularly, he is almost a deity over there .

Click to shrink...

I do wonder how much it will affect us once he goes , would we try to keep him on at some level to try to keep that market profitable? His fans are like Messi fans , they support whoever he plays for , there’s no loyalty to a club .

 

[Tomo]

I do wonder how much it will affect us once he goes , would we try to keep him on at some level to try to keep that market profitable? His fans are like Messi fans , they support whoever he plays for , there’s no loyalty to a club .

Click to shrink...

We got Yang coming in so that might soften the blow.

 

[dudu]

This season our salaries are 500 k less allowing for a very low annual increase of 5% than they were for our last season in the old stadium . Ignore the rest of the numbers just consider this .
Last season the old stadium the capacity was 34, 000 it is now 62, 000 an increase of 26,000 an increase of about 75% on footfall. Then factor in vastly increased ticket prices on 62,000 tickets , season tickets, and extortionate corporate rates. A massive increase on food and drink over the bar , all the extra events which the Levy fans trumpet so loudly . Yet here we are with a 5% salary inflation kicker paying less than we did in the old stadium.
I will not except the no CL argument , it is their mismanagement that saw us drop out. Now we are not only out we are miles off bar a Europa League miracle .

There is no defence of these greedy clowns .

Click to shrink...

Mate, you have not responded to a single point that I have made -

But you know what - because I am true to who I am, I'll respond to you and maybe you'll do me the gracious thing of stepping out of your trench for a moment to engage with me.

Nuance exists and more than one thing can be true.

Yes, we have been mismanaged...... but it is also true that getting into the CL has become much, much harder in the last 4 years - Look at who has missed out from the classic top 4/5/6 in the last few years.

We are 'miles' off for the first time how long - we were 1 win away from it last season.

The thing is - you say their mismanagement saw us drop out, but then whose management made us regulars for how many years?

I just do not buy the conspiracies, the hyperbole. They have mismanaged us, I want new owners, but I'm not just going to nod and agree to things that, if looked at objectively and with nuance, can have other reasons attributed to it.

You can't be objective - and that's ok, you don't have to be.