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Management Levy / ENIC

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Levy In or Levy Out


  • Total voters
    385
As I mentioned last time, and got no response, are Real Madrid a nearly team compared to Barcelona?
Real Madrid have won the Champions League six times in the last 11 years, they aren't a "nearly team" compared to anybody.

They are an apex predator on the pitch and in the transfer market and accept nothing less than the very best, which is how they are able to achieve such eye-watering revenues to make their wage ratio relatively low. Though that is a bit of a one-year artifact which has been considerably higher in prior years whereas bar the Covid empty stadium year Spurs have been below 50% in the Deloitte figures every year they've been recorded, dead last in Europe in each.

If ENIC were winning, not coming close to, WINNING PL/CL level honors, or even a bounty of other cups, that record would speak for itself regardless of the finances. If ENIC were plowing the massive gains in the club's value back into competing on the pitch, or even just maintaining the clear industry standards you see in that graphic, they could justifiably say that they've given their best efforts and done everything they can.

Instead, Spurs have constantly missed out on top honors by the fine margins that are clearly, objectively and irrefutably denied to the team by its ownership, the single most confiscatory operation towards its supporters in world football.

These guys really just suck.
 
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The Malaysia news crosses the line for me. Essentially not much different to City being owned by a state oil company.
I want ENIC out but not oil money.
He says, while filling up at the local petrol (gas) station

gas-pump-if-you-know-what-i-mean.gif
 
John Thomas has been posted on here for over 12 years saying nothing but club bashing stuff. He's probably one of the 15 people who do it. Nothing better to do and an obsession.
"ENIC" bashing is probably a more accurate reflection tbf, mate. There's a big difference.

On the other hand..Relentlessly supporting owners who use our football club for their own long term financial gain and who don't have a sporting bone in their body is what I'd call "bashing the club"

It's Gooners and Chavs who sing "Daniel Levy, We want you to stay", remember, and whenever takeover talk flares up, they're literally shitting themselves.


Go figure, Spurs basher.
 
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Levy or whoever is in charge of this poorly run football club had better get their ducks in line pretty quickly when the second transfer window opens otherwise there won’t be anyone left to buy. Everyone seems to be doing business except us which will handicap any new manager in a big way come the new season
 
"ENIC" bashing is probably a more accurate reflection tbf, mate. There's a big difference.

Relentlessly supporting owners who use our football club for their own long term financial gain and who don't have a sporting bone in their body is what I'd call "bashing the club"

It's Gooners and Chavs who sing "Daniel Levy, We want you to stay", remember, and whenever takeover talk flares up, they're literally shitting themselves.


Go figure, Spurs basher.

How have your previous predictions panned out there?

Feel free to bash ENIC and Joe Lewis - they basically invested in an island with no resources and dumped Levy on it.
But to suggest a man has built up the club from an absolute laughing stock to one that is self-sufficient, with the best facilities and stadium in the league, whilst being the most financially stable is not something that deserves the sneering and derision you so wholeheartedly have invested.
He's gone to pretty much all the games, whether it has been non-league teams in the freezing cold, or travelling to the far side of europe. He was a young guy when this whole thing started and is now well into the retirement phases of life, so the best years of his life have gone into giving us back a club that has the same level as it had in the 80s, without the bizarre and unstable ownership, after Sugar pulled our pants down in front of the entire league for the best part of a decade.

So, again, feel free to criticise Joe Lewis and his billions, or the greater model that is ENIC for their lack of interest and capital investment - but the idea that theres some kind of "long term financial gain" and suggesting there's been no "sporting bone" in the body of a bloke who is no less perfect than anyone on this forum, and certainly among the absolute oxygen thieves of the internet in general, is the epitome of disingenuous.

You've been banging the drum of "financial gain" since you first signed up on this forum. 12 years later, you ever considered you might have got it a little wrong? Ever walked past the stadium or gone in and thought "You know what, I was wrong".

It is fine to think "you know what, we could be better under a wealthy new investor" is neither wrong nor right - the clubs around us have seen their fortunes waver each way. Newcastle are 4 years into the PIF project and are nowhere near winning the league. So whilst it is fine to have the more optimistic opinion of how that may go, it doesn't justify or validate the idea that the progress of the last 24 years deserves no respect towards the skill and effort that has gone into getting the club to where it is now (current league finish aside). There's also no validation for any fans to be handing out insults and casting a negative character on a person just because they've not managed to pull of a miracle.

You'd think by some of the opinions in here that we started off this century like Man United and have seen the ownership cause a demise similar to that which the Glazers and INEOS have. The mind boggles.
 
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they basically invested in an island with no resources
The resources they invested in were the massive fanbase of Tottenham Hotspur Football Club.

The "sustainability" and "self sufficiency" is just a euphemism for the fact that absolutely every penny that advanced the fortunes of the club has been extracted directly from the wallets of that fanbase. And that revenue extracted 100% from the hard-earned money of the club's loyal and long-suffering supporters has been returned to them in the form of squad investment at THE SINGLE LOWEST RATE ON PLANET EARTH.

ENIC are reaping more of the inflation in English club values for themselves than anyone else.
 
The resources they invested in were the massive fanbase of Tottenham Hotspur Football Club.

The "sustainability" and "self sufficiency" is just a euphemism for the fact that absolutely every penny that advanced the fortunes of the club has been extracted directly from the wallets of that fanbase. And that revenue extracted 100% from the hard-earned money of the club's loyal and long-suffering supporters has been returned to them in the form of squad investment at THE SINGLE LOWEST RATE ON PLANET EARTH.

ENIC are reaping more of the inflation in English club values for themselves than anyone else.

So why did all the other owners basically make the club bankrupt then?
 
Huh? Other Spurs owners or other football owners?
Both but specifically owners of this club. They all incurred huge debts put onto the club - Scholar with his own personal projects, and Sugar with, well, being a tool.

I really can't get over what a fucked up thing this is to say about Tottenham Hotspur, even at the Sugar nadir.
I have no idea what you're trying to interpret from what was said.

Sugar left us with debts, aging facilities, and a poor squad. The club had no money (e.g. resources) to put towards rebuilding everything.
Look at the accounts from that time. We highlighted a £500 donation to charity in the 2000 financial report.
Quote:
"Since the balance sheet date, Ruel Fox, Jose Dominguez, and Ramon Vega have been sold and Steven Ferguson purchased. The effect on net profit of the above transactions is immaterial"

What a time to be alive..
 
Sugar left us with debts, aging facilities, and a poor squad. The club had no money (e.g. resources) to put towards rebuilding everything.
All credit to Levy for seeing that sponsorships, matchday amenities and the like had a ton of untapped potential in bringing resources into Spurs. He had a much better handle on the business of football than Sugar did. But again, sponsorships to advertise TO the massive Spurs support and matchday income FROM the massive Spurs support.

Plus the timing to buy the club as TV revenues were primed to explode. Again, revenue FROM the fans wanting to watch the games. This is why ENIC bought the team! They knew what a money spinner football clubs with giant fanbases were!

Where I give Levy enormous credit, and I've disagreed with John Thomas for years on this, is in delivering the stadium project, which was a herculean undertaking and gives the club a great home that will long outlive Levy and Lewis. There were enormous pain points along the way, some made worse by Levy's other faults, but the end result is something that will last generations and was worth it.

There is an alternate timeline in which Spurs are a groundshare tenant with West Ham in a publicly owned Olympic Stadium that leaves us stuck looking up at Woolwich and Chelsea in the revenue tables and thereby stubbornly locked behind them on the pitch. That was a possible outcome from where ENIC bought the club, and Levy navigated rough, shark infested waters for over a decade to see us to a much better outcome.

But it's both insulting and very obviously false to suggest that there's any timeline under which Spurs do not remain a large, rich, and well-supported Premier League club, and the reason for that is, always was, and always will be it's dedicated support which predated Levy by decades and will survive him by centuries, god willing. Sugar couldn't have killed that no matter how hard he tried.

As I've said a million times, ENIC have created a platform to have huge, better-than-ever success under leadership that isn't them.
 
But it's both insulting and very obviously false to suggest that there's any timeline under which Spurs do not remain a large, rich, and well-supported Premier League club, and the reason for that is, always was, and always will be it's dedicated support which predated Levy by decades and will survive him by centuries, god willing. Sugar couldn't have killed that no matter how hard he tried..

I didn't say that - but sticking to the facts as we know them, Spurs were a heavily broken club under the various forms of ownership stretching back to the 70s, from a point of financial stability and competent ownership. I would say that it is disrespectful to what has (in reality) been achieved to brush it away as if it was an inevitability.
You say "under which Spurs do not remain a large, rich, and well-supported Premier League club" - the fact is we weren't 'rich' when the club was taken over. We weren't rich when Venables and Sugar went for it. We weren't rich when Scholar acquired it (hence why he battled to float it). The fact we're, as often quoted, the nth richest club in whatever isn't something that pre-existed, nor has it just happened in spit of anything. A big club, and a well supported one - yes. But Sugar sold the club as a miserable shell of what it in the past, as a football club, despite the support it had. I remember us playing Kaiserslauten (sp?) with Leonhardsen in a baggy yellow kit and we got battered. Kaiserslauten. The idea of beating a european team seemed like a pipe dream then, with teams full of aging rejects.

Tottenham Hotspur are a big club with amazing fans, but we aren't unique in that. So assuming the reliability and predictability that, to paraphrase, 'someone else would have done it', I find that hard to believe. I can't name a single other club in the league who has. Woolwich have a ton of weird fans and they were broke all the way through the whole period ENIC have been here. Take away Chelsea and Man City, who have artificially cooked up their 'revenue', and I think this club is pretty much standing alone in terms of its stability, on and off the pitch.
 
Levy or whoever is in charge of this poorly run football club had better get their ducks in line pretty quickly when the second transfer window opens otherwise there won’t be anyone left to buy. Everyone seems to be doing business except us which will handicap any new manager in a big way come the new season
We don’t even try to compete with Man U, City, Chelsea or Liverpool ffs. Who have Leeds signed? How much have Everton spent? These are the clubs we compete with for signings, probably need to sell a few to each of the aforementioned before we can spend tbf
 
Malaysia not really known for oil wealth, is it?. Palm oil money more like
City are criticised for a few things Re: their owners. And I myself am critical of them so would be a hypocrite.

1. Human rights record of CFG and affiliated companies within Abu Dhabi.
2. Being sovereignly owned.
3. Being owned by oil company.

Petronas satisfies two of those.
I want us bought out and move on from ENIC and Daniel, but not if it makes me a hypocrite.

Not allowed to drive so it certainly beats walking to work.
 
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