I just heard , in the last 10 years , we have spent more on property than players & we still have a stadium debt of around £850m
Pretty amazing
Pretty amazing
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Management ENIC
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Spurs was a football club. The success of that football club had a 100% correlation to the value of that football club. Now, we are still a football club but the football is not that important to the value of the club. In fact, if we dropped out of the PL the value would decrease but not to extent many on here think it would. If your a businessman not interested in football and 25 years ago you gave ENIC £100 as part of buying Spurs... your £100 is now worth £7,500 thats an 18% annual compound return. For context, a similar investment in one of the big stock exchanges would have yielded a return of £500 - £800 depending on which exchange you picked.
I think you are twisting the words slightly. This is what the Trust says, it wasnt in response to the club's answer to them, just the Trust's perception of the current situation. They havent posted the response or said if there was one. Maybe it was sensitive to the transfer window in some way or maybe it was nothing worth writing about, but the Trust need to say something about the club's response. This is what theTHST actually said:
There also appears to be a dramatic fall in ambition for the football club, as evidenced by the transfer window to date and repeated statements by Thomas Frank, reminding supporters that the Club finished 17th in the Premier League last season, that the Club is only participating in the Champions League through winning the Europa League, and that Bournemouth (a side without a win in 11 games) are “always a difficult team” and that’s he is “not enjoying the job”.
View: https://x.com/THSTOfficial/status/2009700453768978842?s=20
I’ve been away from this forum for the last 12 months or so. Engaging here, on top of watching the ongoing shitshow on the pitch and above it has honestly been too much. I’ve felt demoralised, numb, and tbh, I’m starting to fall out of love with the game itself. Something I ever thought I’d say.
Seeing the scum thrive has only compounded it. Getting something out of them drawing with Liverpool, is depressing as hell. We could have thrived in the same way, had Poch been properly backed when it mattered.
I’ve been ENIC out for over a decade now. At first, I was shouted down by the majority on here. Later, it became a minority. So I’m genuinely intrigued now: does anyone still actively support this ownership? Are their any bootlicking apologist cretins left on here?
Also - if anyone thinks Levy going is going to change anything they are idiots. Same ownership, who don't give a fuck about what happens on the pitch provided the money is flowing. I wonder if we will find in the next 12 months, Levy actually wasn't to blame - he was doing the best he could with his hands tied behind his back.
And this goes beyond Spurs. I hate Chelsea (indifferent about Man U), always have, always will - but watching what is hapening there is so wrong. These clubs are institutions that need to be protecting, just as our club does. Watching clubs be hollowed out, mismanaged, have every last penny squeezed, turned into tourist attractions is terrible, whoever it happens to. There needs to be a serious conversation about wider ownership, governance, and protection of clubs from people who see them purely as balancesheet vehicles. But that will never happen of course.
Seeing the scum thrive has only compounded it. Getting something out of them drawing with Liverpool, is depressing as hell. We could have thrived in the same way, had Poch been properly backed when it mattered.
I’ve been ENIC out for over a decade now. At first, I was shouted down by the majority on here. Later, it became a minority. So I’m genuinely intrigued now: does anyone still actively support this ownership? Are their any bootlicking apologist cretins left on here?
Also - if anyone thinks Levy going is going to change anything they are idiots. Same ownership, who don't give a fuck about what happens on the pitch provided the money is flowing. I wonder if we will find in the next 12 months, Levy actually wasn't to blame - he was doing the best he could with his hands tied behind his back.
And this goes beyond Spurs. I hate Chelsea (indifferent about Man U), always have, always will - but watching what is hapening there is so wrong. These clubs are institutions that need to be protecting, just as our club does. Watching clubs be hollowed out, mismanaged, have every last penny squeezed, turned into tourist attractions is terrible, whoever it happens to. There needs to be a serious conversation about wider ownership, governance, and protection of clubs from people who see them purely as balancesheet vehicles. But that will never happen of course.
Guys its time we done something about this organisation ruining our club! Ive sat back and not been heard, nothing is really being done. We need to rally together and stop pur club being ruined!
I am in the process of sorting out marches, demonstrations and meetings in order to be heard. Join me with this, and let's actually get together and do something about this.
Any contributions to aid this would help. Details of meetings etc incoming. GET ENIC OUT!
I am in the process of sorting out marches, demonstrations and meetings in order to be heard. Join me with this, and let's actually get together and do something about this.
Any contributions to aid this would help. Details of meetings etc incoming. GET ENIC OUT!
nothing gonna change sorry
the only thing that will make them quit is if nobody will buy anything too do with spurs or if somebody comes in to buy the club
thats the sad reality
The point I was making was that the club hasn’t commented and the comment by the THST, now in the public eye, is one that needs a response or by not commenting it confirms.
Cheers
nothing gonna change sorry
the only thing that will make them quit is if nobody will buy anything too do with spurs or if somebody comes in to buy the club
thats the sad reality
Sounds like asset stripping- take out shitload of company debt and pay your friends with it, who then pay you with it.
That fucking stadium will be a noose for the rest of our days, We would be better off separating the club from these parasites and all that debt and moving into Wembley as tenants, assuming we can be competitive enough to attract a crowd.
Our rise and our decline is linked to that stadium. The significant increase in player asset value and revenue stream from the greater successes was pivotal in them being able to borrow enough to built it.
And once built expensive enough and indeed profitable enough to asset strip the football team back to 2003 levels and worse ( 22 defeats in a season )
ENIC are scum. And the exact opposite of the game is about glory.
Depends on the context. We've spend over £1.4bn on players, but around half that net.
The stadium debt could be part of any property purchasing (e.g. the site the stadium is on, the new area businesses were moved to, etc).
It doesn't sound believable that the club has spent over £1bn on property
Ok cool. They need to publish what the club says for sure.
Re your post about the stadium. I agree, and to think we haven’t paid off a penny of the actual loan. All we’ve paid off are the interest on the loan. Surely only a sportswashing entity is going to want to come in and take that loan on.
Stadium debt is on extremely low rates, it doesn't make sense to try and pay it off early. I'm not really sure why people consistently bring it up.
Priorities, we built the stadium to go up a level , we’ve gone backwards , don’t ya think ?
The stadium was first publicly envisioned ~2010. A lot changed, financially, in the PL and football in the next decade before we actually moved in.
Stadium is a net positive. Its a great stadium, and produces significant revenue for the club.
Whether or not ownership utilizes that revenue effectively is a completely separate matter, but its insane that some try to cast the stadium in a negative light.
Sorry , you must have missed my question
Again, the stadium has no impact on whether or not we've taken a step back. We've taken a step back because of poor scouting and managerial appointments.Sorry , you must have missed my question
The hotel ? I put properties
Surprised you’re not watching the game
I’m in an airport so can’t , bet the stadium is rocking
Hotel and surrounding investments are all owned by the club. I'm not going to defend their building, but they're revenue producers which can theoretically feed money into the club. Football is about money now, and keeping up with clubs owned by oil states takes resources.
Tottenham is trying to produce diversified revenue streams to attempt it. Aston Villa has decided they'll just go bankrupt. Their strategy is more enjoyable for supporters now - but who knows if they'll have a club to support in 10 years, or what level they'l be playing at if they do. Wage budgets of 90%+ turnover are incredibly reckless.
Watching the match. I won't give anything away. Have a safe flight.