Oh I'm sorry. Maybe we should always have fixed opinions and never change them based on evidence and circumstance. You're quite right.
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You may know better than me, but I run a business myself, so here's a thought. Spurs could issue a load of new shares to be bought by an investor(s), to raise cash. Let's say that amounts to £500m. Now that wouldn't devalue the 'worth' of Levy or Lewis, as their lesser % of shares would be counter-balanced by the greater whole value of the club i.e. there is now £500m more in the bank. Let's say it's a strategic move, to invest in the football squad, which could see an increase in the value of the players bought, plus, by having better players, we finish higher up the league (more merit prize money) and maybe get prize money from CL football?
If I have got that correct, then the only reasons not to do it are down to a lack of appetite for the football success and/or the risk that the players bought end up as crap the many others bought, and the net result is that Lewis/Levy's shares end up worth less i.e. wasted money on signings like N'Dombele (actually I could easily fill a few pages on wasted signings).
I just don't think they care enough about the football, than they do about tight control over a business.
Final point, just to keep things sensible. Financial Fair Play may affect how much we could actually spend on players, so you adjust the £500m down to an amount that you could fairly spend over 2-3 years.
Spurs have been looking to sell a minority stake for some time.
Seems easier than it sounds - no one wants to invest 8-9 figures in a football club to have zero authority to make decisions. You can buy a club of your own for that, albeit a lesser one.
If you're meaning issuing shares for individual purchase, such as by supporters, I am very skeptical you could raise that kind of capital. Even at 50k, that's £10k/share - would never happen.
You'd be lucky to sell 50k at £100. As a straight cash infusion prospect for expenditure on depreciating assets (players), no serious investors would see it as a rational purchase. So you're limited to supporters willing to light some money on fire.
On top of that, I'm not entirely sure of the legality of such an arrangement. If ENIC were forced to make an offer to buy everyone's shares to take the club private once they reached a threshold of majority ownership, surely there's some ramifications for issuing new shares for public sale?
I thought it was too simple be true, thank you.
So how do we get out of this mess? It seems to take us less time to get into trouble than it does to get out of it, yet some clubs can work wonders in no time at all i.e. Nottingham Forest. Hmmm.
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We'll get back to, or close to, where we were just as few seasons ago easy enough.
Simple answer? It's exponentially harder to go from 4th to credible challenging for a title than it is to go from lower or mid table to the lower European places.
We screwed the pooch and blew our window with Kane. Then we really screwed up and appointed an amateur manager. Now we have to try and rebuild.
Well, Forest will likely finish 6th or 7th - and have spent 450m on players to do so - and without winning a trophy. They have a good core of young players but face the prospect of some of those using this season form as a platform to move to a bigger club.
Spurs ambitions are beyond this. We want to be challenging for titles and playing in the Champions League, so that does mean we cannot take Forest as a good example of how to develop the club.
We certainly aren't City. We cannot buy a squad full of established world class players. We are more akin to what Klopp did at Liverpool. Build a young squad and allow them to develop. Drop in a couple of world class experienced players to lift the quality - and be harder working than any other team in the league.
What a depressing read. So glad though that ENIC confirmed at the time that we could not stay at the old white hart lane as we would get left behind by other clubs…..
The new stadium will allow us to compete with the other top clubs.
For so called business people they have royally fudged our club
The new stadium will allow us to compete with the other top clubs.
For so called business people they have royally fudged our club
Oh wow! Just......WOW!
What an absolutely ridiculous comparison.
The gooner anthem booming around our stadium as the whole place is lit up in red .......being likened to the national anthems before an international match!!!!!
I'm still finding hard to rationalise I actually read this post on a Spurs forum
Forest remaining games are Brentford (h), Palace (a), Leicester (h), West Ham (a), Chelsea (h). All very winnable... Brentford nothing to play for, Palace one eye on cup final, Leicester are just tragic, West Ham are shite and Chelsea have been meh all season apart from a little run during Nov/Dec. They have a game in hand on Chelsea who have some tough fixtures coming up... Liverpool, United, Newcastle and then Forest. Villa have Fulham (h), Bournemouth (a), us (h) and United (a) but are 3 points behind Forest having played a game more. I wager Forest will be playing Champions League next season.
Sell a % stake to grow the business then and actually try and achieve something of note
They won’t do that, let’s say they issue share for 10%. We get £400m from investors and increase wages and transfer and in 3-4 years get multiple top 4s, win an FA Cup and be in a title race and grow the overall value of the club by £500m as now we have a successful team to go with the successful infrastructure, obviously then it’s a net win.
However we could spend the money on shit players and overall ENIC will have then a net loss of value, they have diluted shares but only marginally grown the overall value. Players are a risk, might work to grow might not. Infrastructure isn’t.
We are property development company with a football club attached to it.
They've reportedly try this every couple of years. Levy even says that they are always open for outside investors (even if that is just him playing lip service). But it always seems to die out because Levy doesn't want to give up control and overvalues the stake that they want to sell.
Levy seemingly struggle to give up control is a hurdle that has to be overcome.
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Or they overvalue - poss both
Something has to give. They must realise the luck has run out now
Yes, this is how I see it too, and the quality of the players we have previously bought has probably scared off the ENIC lot into doing anything that relies on future bought players living up to expectations. They must be sick of the money they have spent on a lot of dross.
For example, I appreciate that Solanke has a lot of qualities, but Solanke, Richarlison, and N'Dombele, are 3 players that total well over £200m with wages. There's really not a lot of return had from those investments, and so the ENIC mobsters will probably still be anchoring their better memories to what Kane did, what he cost, and what they sold him for, hoping that they can buy cheap, get a winner and sell large, later. If you think of the majority of our signings over the past few years, it's still been mostly young, unproven players, often sent out on loan. It's them all over.
Yeah fair. There is risk in the first scenario, no real risk in property development so I concur
Ndombele is the only time we went big on a transfer wages plus fee and that was a donkey. However it would be the wrong lesson for ENIC to use that to say no more as you need to get elite players.
Oh they/Levy definitely overvalue. They expect any investor to buy a minority stake for a majority price. But within getting any control over the actual football.
Levy is a god damn conundrum because there probably is a part of him that's been trying to become more hands off after the stadium was completed so that he could just do the real estate bit. That's why we went for Paratici in the first place. A established football guy that Levy trusted to handle the football. But then he got banned so Danny boy had to come back to be hands on until we pivoted to the Munn and Lange duo, which has obviously failed so now he's had to be hands on again (granted I think that Lange as a scout/head of scouting is the least of our worries).
He seems to want to be less hands on. But there is also clear evidence of him being very much into micro managing and wanting to be involved as well.
It was a question, not a comparison, calm your tits. Did I say that both things were alike?Oh wow! Just......WOW!
What an absolutely ridiculous comparison.
The gooner anthem booming around our stadium as the whole place is lit up in red .......being likened to the national anthems before an international match!!!!!
I'm still finding hard to rationalise I actually read this post on a Spurs forum
As for your over emotional “wow” bullshit, it’s weird you were doing your usual passive aggressive laughing emojis on posts I made following on from this one. But the original post has made you gasp in surprise and astonishment? Twelve hours later?
Two things:
1. It was a song played in a building. Grow up.
2. Everyone can see through your bullshit. We all know you’re a shit stirring cunt. You can stop any time you like.
Finally put that troll on ignore!
Can imagine what you're replying to. Kudos for still engaging
Fuck me, change the fucking recordOh wow! Just......WOW!
What an absolutely ridiculous comparison.
The gooner anthem booming around our stadium as the whole place is lit up in red .......being likened to the national anthems before an international match!!!!!
I'm still finding hard to rationalise I actually read this post on a Spurs forum
