I think that his wealth isn't exactly cash heavy so much as it is tied up in investments/real estate stuff.
Levy is definitely not cash rich enough to financially compete at the top.
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Management ENIC
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Levy is definitely not cash rich enough to financially compete at the top.
As most people in real estate / investment do . They get bank loans off the back of their holdings , it enables them to avoid tax & gives them collateral
Most billionaires do this , Musk bought twitter doing this . Lewis / his trust could inject money if he wanted, as could levy but they’re fact is they’re not interested .
If Levy and Joe wanted to match other clubs spending they could
1 issues shares of 10%, with a value of £4bn of the club so £400m. I.e bring in investors.
2 make sure we had a decent scouting operation then invest heavily in the players assets.
3 be more successful in the league and get back in Europe
4 generate more money via Europe and sponsorship from doing well. Maybe win a cup.
5 see the club value increase probably making up for the share dilution.
They won’t do this as investing in players is higher risk. Sometimes it works and sometimes it doesn’t. There is no gamble with stadiums or training grounds.
The weird, lispy, tiny, meek bald creature has zero leadership qualities. He’s completely incapable of any form of inspiring or motivating - think back to his ridiculous story on Amazon about failing his GCSE’s….. he selected that bit, thats him at his best
If nothing else changed other than him going missing, we would massively improve.
I don’t disagree with your points btw
This is an unusual thing for a spurs fan to defend.
A Woolwich troll song about north london isn't the same as a national anthem is it given the history of the two clubs.
I’m not defending it. Just not letting it raise my blood pressure and wondering where the “how dare Levy allow this” line is drawn. Odd to me that people have been so offended by it.
If a boxing match was held at Celtic Park could you imagine a boxer coming out to "Follow Follow" while the stadium was lit up blue?
Sunshine of Leith while Tynecastle is lit up Green?
Could you imagine Hot Shot Tottenham or Glory Glory being belted out by the Emirates?
Absolutely not.
It's a little thing maybe, but the little things are just piling up. Would it resonate as much if we were doing well? Probably not. But there's a perception that ENIC have well and truly pushed Spurs down the list of priorities and things like this just fuel it.
I'm not spitting feathers but I'm highly unimpressed that this was allowed.
I've posted in detail and length about it before, but the reality is that Spurs ownership group is not capitalized and diversified nearly as much as any of the other top 6 clubs' ownership groups are.
Almost the entirety of Levy's net worth is Spurs. Nearly 40% of Lewis' net worth is Spurs. They don't have access to the capital that ownership of Liverpool, United, and Woolwich (or even Villa) do - much less City and Chelsea. Unfortunately - even Everton's new ownership group surpasses them in value and liquidity (and has better golf courses to boot).
That doesn't mean they couldn't have, and couldn't still, spend more than they do. Spurs are run as a self-sustaining endeavor, but they could accept financial losses in order to increase spending to accelerate the rebuild of the club to more competitive levels.
I feel like if it were Levy's decision to make, he probably would. He has labored day in and day out at the club for 20 years and watched more football that any chairman and most supporters over that time. I think its unreasonable to believe he's done and continues to do so if all he cares about are the finances.
Lewis, however, has only ever viewed Tottenham as an appreciable asset and always demonstrated an unwillingness to accept financial losses to move the club on.
Either way, ENIC could do more - yes. But it's incorrect to imply they have similar access to capital as their competitors. They are the footballing equivalent of "house poor". This is why the outside developments are such a focus for ENIC - they desperately need to diversify.
Lewis worth is around $77b , there’s plenty of wiggle room in there to raise capital but like you said & I also said , they’re not interested .
Levy has laboured, yup & his value has risen from around £40m , I believe , to £400m. What we’re seeing football-wise is failure for personal gain .
I suppose I can get its place in the general downward spiral of the club. But I’ve to really push myself to see it as having anything to do with us. We rented the stadium out to a non football event, so it’s got little to do with us shipping four goals to Wolves. To me, just another in the long line of things that either doesn’t matter, or is untrue about our ownership.
Plenty of reasons to want them out over and above this.
Levy and Lewis again linked to the felling of the oak tree in Whitewebbs Park, Enfield.
Now it's Private Eye, Nooks and Corners.
Terrible look for 2 vile men
Now it's Private Eye, Nooks and Corners.
Terrible look for 2 vile men
Tottenham Hotspur stadium dispute firm blaze 'suspicious'
A fire that gutted the offices of a business that is locked in a development dispute with Tottenham Hotspur is described by investigators as suspicious.
www.bbc.co.uk
I'm sure Levy should be savvy enough to rent out the stadium with certain conditions on what can and can not happen during said event.
We can't keep the name Tottenham Hotspur Stadium because of brand recognition then allow Gooner music to blare out from it live on TV, even from a branding point of view it doesn't make sense.
There are indeed many reasons to want them out, and this isn't the most important but it's cumulative. It doesn't help their case. There are people like me who were wavering on how good they've been overall and this just one of those last things to push me over the edge.
I’m sure there are plenty of Ts and Cs for renting the stadium. Doubt Levy, or any of his minions, are hanging around the guy with the Spotify account to make sure he’s not playing Woolwich songs though.
Anyway, discussing this so much is implying I care, so I’ll leave you with my understanding that it’s added to your minus column and each to their own in that case.
You missed a period in there, for the record.
His Forbes net worth is $6.9B. He owns 70.12% of ENIC who own 86.58% of Spurs, so Lewis owns 60.7% of Spurs.
Spurs are valued by Forbes at $3.2B. Lewis' stake in Spurs is worth $1.94B. This represents 28% of his net worth. This share has decreased a good bit since the last time I ran these figures when it was well over 30%.
Still, you will not find another majority shareholders of a Top 6 club whose net worth is so largely tied up in their football club. I can't think of another owner I've run those numbers for (previous post on this topic gave results for all top 6 clubs and Villa I believe), and I don't recall one having more than 10% of their net worth tributary to their stake in the football club.
So, again, Lewis is very rich. Yes. But they still don't have access to the capital that our competitors do, nor the ability to absorb the same losses our competitors can. They can do more, absolutely, but its still a mischaracterization to attest that it's anything like equal footing. ENIC is also very illiquid, and their biggest asset, Tottenham Hotspur FC, is already heavily leveraged with stadium construction debt (at great interest rates - don't bring up any bollocks, the stadium is a revenue positive to the club even with the debt).
I’m not really sure what point you’re trying to make , the numbers & % are fascinating but football fans are generally only interested in football . We both agree that they could do more & that’s all that matters .
If they really can’t or don’t want to do more then they should sell up , they’ll make enough out of it & I'm sure they’re well aware that the fanbase are getting fed up with their half arsed approach.
You are joking our stadium has been infected by that shit.
Not down to Levy on the day but overall another fail for the slimy leech.
Wavering.......ffs