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Management ENIC

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ENIC In or ENIC Out


  • Total voters
    208
Gareth Bale saying exactly what I've been saying for years ⬇️

"Look at the wage bill - it's lower [than other clubs with big ambitions].

"They always seem to buy young and hope they're going to grow into something bigger, which has worked in the past with me and a few other players, but they're an established club now.

"They have the stadium, they have the training ground, they have the fan base. They need to be buying bigger players, maybe paying a bit more. It's that bit of a gamble that you maybe need to take that, from a business point of view, they're not willing to do.

"For me that's probably the biggest issue - they don't sign the finished player.

"A £50 million player is not what it used to be. You have to be spending £80m, £90m, £100m now just to get a good player.

"It's like they just need to gamble a bit more, other clubs are more willing to take a risk financially."

One of us
Thing is, he just described us signing him
 
Imagine we go down, but it results in:

- ENIC selling
It's certainly possible that relegation would begin a process by which ENIC decides they want to sell up, but two things are probably true

1. Relegation would essentially guarantee that no such sale happens for at least a year and probably two, since ENIC will feel certain that Spurs can walk the Championship and reestablish themselves in the PL, and they would be fire-selling for an artificially low price until that is accomplished.

2. It's more likely that that relegation would kill an imminent sale to an ambitious ownership group with a deep-pocketed commitment to top honors than it would be to create one.

So in general I think it's very unwise to conflate relegation with getting rid of ENIC, if anything it's more likely the other way around.
 
It's certainly possible that relegation would begin a process by which ENIC decides they want to sell up, but two things are probably true

1. Relegation would essentially guarantee that no such sale happens for at least a year and probably two, since ENIC will feel certain that Spurs can walk the Championship and reestablish themselves in the PL, and they would be fire-selling for an artificially low price until that is accomplished.

2. It's more likely that that relegation would kill an imminent sale to an ambitious ownership group with a deep-pocketed commitment to top honors than it would be to create one.

So in general I think it's very unwise to conflate relegation with getting rid of ENIC, if anything it's more likely the other way around.
I don't think it's at all clear whether relegation makes selling more likely or not tbh. Discussed a bit today on this board. What it DOES do though is make the "maxing out" on valuation a more distant, costly, and risky project. And it might be that that is less appealing for ENIC. We should be able to get out the Champo in a year or two (parachute payments, some good residual players, and non-football income will help massively) if we have a good coach. And it's possible that scenario means someone (eg Stavely) is willing to pay at only a small discount to current valuation. Possible. It's unclear though I do agree.
 
I don't think it's at all clear whether relegation makes selling more likely or not tbh. Discussed a bit today on this board. What it DOES do though is make the "maxing out" on valuation a more distant, costly, and risky project. And it might be that that is less appealing for ENIC. We should be able to get out the Champo in a year or two (parachute payments, some good residual players, and non-football income will help massively) if we have a good coach. And it's possible that scenario means someone (eg Stavely) is willing to pay at only a small discount to current valuation. Possible. It's unclear though I do agree.
The only thing that could possibly cause ENIC to sell with Spurs not in the Premier League is a lack of the cash to keep the club going, and that kind of crisis is not a road we want to go down.
 
The only thing that could possibly cause ENIC to sell with Spurs not in the Premier League is a lack of the cash to keep the club going, and that kind of crisis is not a road we want to go down.
I disagree. We just don't know that. There might be two views of the future. One is ENIC, scarred by relegation who will accept an offer not far off their PL valuation. And one is Staveley and co., much more upbeat about future prospects and who want to invest in a project.
 
I know we’ve seen a gradual decline under Levy, but I personally believe this clusterfuck we now find ourselves in has a lot to do with his removal.

I reckon they severely underestimated how involved the running of the club was and it’s become rudderless under Vinai and the Lewis kids.

Whatever side of the Levy argument you stand on, I think most people would agree he’d have removed Frank far sooner and we’d then have had a much better chance of avoiding getting drawn into the relegation scrap we now find ourselves in.

Vinai is clearly not equipped for making that kind of difficult decision when compared to someone who was breathing the club for 25 years and fired countless managers.
No.

Nothing to do with his removal, but everything he did for 6-7 years.

The players he got, the managers he hired, the wage structure he implemented, the DoF's, everything at the club that is letting us down.

Igor, Souza, and Gallagher, maybe VV are the about the only things at the club that have nothing to do with the Lewis kids...

And the new board that has nothing to do with football side.
 
No.
Nothing to do with his removal, but everything he did for 6-7 years.
The players he got, the managers he hired, the wage structure he implemented, the DoF's, everything at the club that is letting us down.
Igor, Souza, and Gallagher, maybe VV are the about the only things at the club that have nothing to do with the Lewis kids...

And the new board that has nothing to do with football side.

Not often I agree with several, consecutive, sentences written by you but;

For once,

Well done.

Give yourself a shiny

No Problem Yes GIF by Vevo
 
Not really, he created this mess... If anything ENIC should have sacked Levy sooner.

But alas, they couldn't do anything until Joe fucked off.

And yes, they could have done better in the January window, without a doubt.

But in reality, it should never have got to the state of desperately pinning our hopes of one fucking January window.

We should never have been in this situation in the first place, and we are, because Levy was a clueless cunt, who has ruined this club...
 
Not really, he created this mess... If anything ENIC should have sacked Levy sooner.

But alas, they couldn't do anything until Joe fucked off.

And yes, they could have done better in the January window, without a doubt.

But in reality, it should never have got to the state of desperately pinning our hopes of one fucking January window.

We should never have been in this situation in the first place, and we are, because Levy was a clueless cunt, who has ruined this club...
So you don’t think any of this mess is down to removing him without having a plan?

You don’t think Levy would have fired Frank sooner?
 
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