The fan base could force them out if they really wanted to. Either stop going, protests before the game.lean on them like Sugar on the 90s. That sort of thing is bad for the brand and will lose them even more money, probably make it more difficult to go up. They could probably survive a year out but not more. If relegation doesnt get the fan base united against them, nothing will. It’s like we’ve been lobotomised as a fan base.
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Management ENIC
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Oh, so enic didnt hire him and set the overall strategy? Great one
Grow up.
It's like saying Thomas Frank can't be blamed for the utter shit show that he was, the teams he was picking and his tactics because ENIC hired him, so stupid.
They could be waiting to drop the club into administration, buy up all the property assets for cheap including the stadium, dump the football club to whoever, and then lease the world class sports and events venue back at OTT rates.
Who knows anymore.
I do keep hearing about Wet Spam getting the Olympic stadium free hold for buttons while we see ENIC sweating over their £900m debt.
Whatever way we look they do not seem to have any informed strategy, good job they didn’t do a Leeds. That’s all I have to say.
Tottenham Hotspur were football’s second most profitable club in 2018, yet despite revenues improving by £184.6million since then the club’s pre-tax result has swung from a £138.9m profit to that £120.6m deficit.
It is an alarming, quarter-billion adverse swing that, while subject to some caveats, will only worsen if they are relegated.
In fact, Tottenham would boast the biggest wage bill of any team to exit the Premier League.
How did they get into such a mess?
@CWeatherspoon_ explores Spurs‘ worsening finances.
nytimes.com/athletic/72341…
View: https://x.com/i/status/2049376007098884221
It is an alarming, quarter-billion adverse swing that, while subject to some caveats, will only worsen if they are relegated.
In fact, Tottenham would boast the biggest wage bill of any team to exit the Premier League.
How did they get into such a mess?
@CWeatherspoon_ explores Spurs‘ worsening finances.
nytimes.com/athletic/72341…
View: https://x.com/i/status/2049376007098884221
Every pro-Levy/ENIC:
Be careful what you wish for!!!!!!!!!
Absolutely staggering.
Be careful what you wish for!!!!!!!!!
Absolutely staggering.
It would be lovely to see a few of the die hards who dominated this thread (and others) for years show some balls and some humility and say something like.....
"Sorry for all the abuse guys,... it looks like you were right all along"
They know who they are
The difference is that the club was only a tiny part of Sugar’s empire at the time. Essentially he sold because he could make more money doing other things. 3bn club asset is a different kettle of fish for the Lewis nepo idiots.
The post-mortem at the end of this season will be interesting. I hope it's absolutely brutal. Heads need to roll.
No hoodwinking
He was the villain, he is totally responsible for what is happening right now
He hired the DoFs, he hired the managers, he signed the player contracts
He left with this group of players, Vinai, Lange, Paratici at the time and Frank all in place
The people left behind have been fire fighting ever since. The club is a mess behind the scenes as it is on the pitch
ENIC employed Levy to run the football club and he was shit at it. Fair play he did great with the stadium and training centre, but the football side had been crap bar a few years and 4 or 5 really top class players
It will take 5 to 10 years to undo Levy's influence when he can no longer be directly blamed for what is happening on the pitch. What's the point of protesting against ENIC, the Lewis family, it's too soon. The man who did all the damage left less than a year ago
He was a megalomaniac, one man show, total control over everything that moved at the club. The transition from that sick way of working to a more normal cooperative way involving more people will be painful as we are witnessing.
You've just explained the very definition of the kind of person I'm talking about my friend.
Fine btw if you want to put a lot of blame in his way but he's gone so the question is are you happy with the current owners and the setup in his place now? Like take this season for example, are you happy with how Vinai and Lange have managed the situation thus far like Levy had 0 influence in keeping Frank in the job for so long nor was it up to him to not buy any players in Jan...because if you really believe that then you are very much hoodwinked.
Above all else I find it pretty funny that people blame Levy for hiring the staff that have put the club in this very place but people ignore the people who actually hired Levy, isn't that a contradiction?
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Bit of a reach to lay this shit show on Sugars doorstep.
The days of "It'll never be as bad as the 90s" have long gone. It IS WAY WORSE now.
Sugar saved us from going out of business and sold us to ENIC in a good financial state.
When we were in desperate trouble in 1994, he signed a world class forward and a selection of others to keep us up. He then fought tooth and nail to overturn the 12 point deduction.
This season we started off the back of a 17th place finish, a record number of losses and, when in trouble in January, did absolutely fucking nothing and made it worse and worse
ENIC are next level negligent. Sugar wasn't great, but he wasn't arrogant enough to think we're too big to suffer.
The general consensus seems to be the club is worth maybe £3b. That’s a big risk to take by deliberately going into administration.
To make that back would take over 1,000 Beyoncé concerts.
Is it more logical that the owners have made some really stupid decisions and are now paying the price for that? Seems more reasonable than any argument that they are trying to tank the club’s value.
Levy takes a small portion of the blame for me. Single figure percentage. He’s not to blame for RKM being hopeless. For not signing anyone in January that we needed. For holding on to Frank too long (I’d be amazed if he had anything to do with employing him in the first place).
However, let’s suggest it will take the 5-10 years to unfuck everything related, so we can continue to blame him for any ills that befall us in that period. If we achieve success instead, does he get the credit? Do we thank Levy for the title in 2034?
Nobody ever answers this. Chance for you to be the first.
They probably didn't plan it that way. But that would be their disaster recovery plan, and they wouldn't care as long as they still get their property empire.
Good point about the contradiction, I guess ENIC/Lewis family should have acted sooner to remove Levy. They obviously accepted he was good at certain aspects and let him run the club as he wished. So yes for that they need to be held accountable.
The set up as it is now definitely needs reassessing at the end of the season. If the Lewis family really want to be more involved then they will exposed to every decision and choice they make from now on. I'm ok with Vinai atm, like I said taking over from Levy and having to recruit heavily for the behind the scenes roles and restructuring the club is a difficult job. Lange is not the kind of character we need, he is indecisive, weak, unable to bring in the right skill level and mentality. I'm glad Paratici has gone and Lange should be next out the door.
If we go down then it will be interesting to see what the fall out will be. Will ENIC, which still includes Levy, decide to sell the club at a reduced price. For sure noone is offering more than 1 billion for a championship club, let's be real here. That's a massive downgrade from the 4 billion or so Levy valued the club at. If they decide not to sell and try to bring us back to the PL then they will have to be impeccable in every decision they make beginning this summer.
I’m pretty sure their disaster recovery plan would be to get promoted and slowly shuffle our way back up the Prem towards CL qualification again and back to their recent valuation.
Does that mean the two clowns need more time to rebuild?