Management ENIC

[LeParisien]

Ergh, of course they expect that money back. as a ROI when they either sell the club or as a consistent flow of money from having grown the club to a certain point where they're successful. Bloom is putting money in because he's growing Brighton to a point where they're an excellent footballing operation who have a factory of players to be sold for big prices & the scouts/coaching staff to continually churn out these players.

They aren't going to turn up at the stadium and demand loan repayments. This is small time bullshit.

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No - as I’ve explained to you already, they will either expect it back when they sell through an increase in the sale price (typical) or through repayments once they sell.

To say otherwise is just fantasy. If you’re going to persist with your fantasy argument then I’ll tap out and enjoy my Sunday in the real world.

 

[Deuterz]

That’s true if you look at articles dated March 2. Look at articles from two months later and you realise the opposite is the case.

Abramovich situation is fairly unique because most owners will not end of the subject of sanctions by the government but the loans were repaid even if Abramovich could not personally benefit from that.

You think a 30s google is a substitute for having a clue.

I guess we’re done.

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Are Chelsea football club saddled with 1.5 billion of debt from the loans they took under Abramovich? Yes or no, you fucking clown.

You've already shifted the goalposts and admitted these other owners won't be demanding repayments but instead will just use the investment to grow the club which = higher selling price. Keep fucking going.

 

[Kosher Kid]

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[LeParisien]

Are Chelsea football club saddled with 1.5 billion of debt from the loans they took under Abramovich? Yes or no, you fucking clown.

You've already shifted the goalposts and admitted these other owners won't be demanding repayments but instead will just use the investment to grow the club which = higher selling price. Keep fucking going.

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My position has been the same over multiple days. You struggle to understand what is in front of you because you’re trying to fit the facts to your position rather than trying to understand how things work.

I’ve never once said when owners make loans to clubs they expect immediate repayments. What I’ve said (extremely clearly) is that they expect that loan amount to be repaid and that it won’t just be written off. That type of investment is VERY different from the kind of direct investment you describe where owners invest money in the hope the clubs value grows. That type of investment entails greater risk. In the real world owners of course hope their loans will increase the value of the club but even if it doesn’t by the hoped amount, the club will still owe them that money.

Chelsea’s debt was added to the sale price and was repaid. Until a year ago they were saddled with 1.6bn of loan debt to an Abramovich holding company.

in any case, you seem to have said you don’t want the club to owe ENIC hundreds of millions so I don’t even know what pushing back here does for you.

 

[Shadydan]

Well, yes it is. It’s a few thousand people and I bet a fair whack of them are the away supporters who are the most loyal of all. The plastics and tourists aren’t going to be singing. They barely make a noise during a game anyway.

There is discontent and it will grow if we continue to limp from season to season the way we have been doing with no clear strategy. A plan with a manager to get behind and a squad that gives it their all consistently can change this quickly.

But feel free to bury your head in the sand on this one.

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So a significant overwhelming minority sang it, didn't really sing it with any enthusiasm I might add, just sounded like they were joining in on a sing song they actually making a statement.

So this coupled with the protest outside the stadium that had fans protesting about getting ENIC out the club AND bringing Poch back in nonetheless.

You're actually right, the protest has gone from 20 people to around 100 since the past time, maybe in 10 years time that might be up to 1000 so that's progress I guess.

I don't think I'm the one burying my head in the sand here...

 

[Shadydan]

You really are a piece of work, aren't you.

Not content with just ridiculing other fans on here who want better for our club, you're now stooping to ridicule and piss take actual match going fans spending huge amounts of their hard earned dough watching their team......

While you just spend each weekend sat on your disgusting big fat arse preaching and pontificating.

It's quite shameful behaviour to be honest with you, mate

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I'm not fat

 

[Nuts]

So a significant overwhelming minority sang it, didn't really sing it with any enthusiasm I might add, just sounded like they were joining in on a sing song they actually making a statement.

So this coupled with the protest outside the stadium that had fans protesting about getting ENIC out the club AND bringing Poch back in nonetheless.

You're actually right, the protest has gone from 20 people to around 100 since the past time, maybe in 10 years time that might be up to 1000 so that's progress I guess.

I don't think I'm the one burying my head in the sand here...

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The protest outside is nothing. What’s the point in being outside? In the ground, when thousands are making their collective voice heard, it is very much a statement. They don’t need to be all bel canto to make that apparent.

The Athletic did a survey recently and ENIC have not come out of it looking good. The away fans sing Levy out. A fair portion of the crowd sing Levy out. Many here are unimpressed to say the least. Twitter, media comments sections, a fair number of pundits and pretty much all the podcasters. Practically everybody I know is concerned and some of them, like me, have usually accepted whatever’s served for decades.

I genuinely don’t get why you think all is rosey in the garden of Spurs because it really isn’t. At this moment in time, it’s a mess that’s been dragging on for not far off half a decade (more if you include the barren windows).

You can back Marie Antoinette in his ivory tower but the voices are only going to get louder on our current trajectory.

 

[Cranston]

Abramovich wrote off the loans to the club entirely.

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I still have no idea how they were allowed to get away with that.

One of the most egregious breaches of FFP. Just got to wipe the slate clean and start again.

 

[Tomo]

I still have no idea how they were allowed to get away with that.

One of the most egregious breaches of FFP. Just got to wipe the slate clean and start again.

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Not only that but of the 4bn purchase price only 2.5bn was to buy the club, the rest went into a fund for Chelsea itself.

That means the club had a £1.5bn cash injection on top of the £1.5bn of debt written off. This money was supposed to be for the ground redevelopment but some of it appears to have been used for transfers. So in effect a net £3bn positive.

The whole thing stinks of high level corruption. Remember this sale was dealt with in part by the U.K. government a minister of whom described Chelsea as a ‘’cultural asset’’.

There needs to be a serious review of what went on because on the face it looks like government sanctioned unfair competition.

 

[Lenny Hatchet]

Their Babylon is burning,
The apologists cunts are scared shit that
their days are numbered, even it takes years.
Their Byzantine strategy will and has eventually failed .
They have nothing to offer but enternal discourse.
They will burn in hell

 

[Shadydan]

The protest outside is nothing. What’s the point in being outside? In the ground, when thousands are making their collective voice heard, it is very much a statement. They don’t need to be all bel canto to make that apparent.

The Athletic did a survey recently and ENIC have not come out of it looking good. The away fans sing Levy out. A fair portion of the crowd sing Levy out. Many here are unimpressed to say the least. Twitter, media comments sections, a fair number of pundits and pretty much all the podcasters. Practically everybody I know is concerned and some of them, like me, have usually accepted whatever’s served for decades.

I genuinely don’t get why you think all is rosey in the garden of Spurs because it really isn’t. At this moment in time, it’s a mess that’s been dragging on for not far off half a decade (more if you include the barren windows).

You can back Marie Antoinette in his ivory tower but the voices are only going to get louder on our current trajectory.

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I'd say around 10% of the stadium sung that, so maybe 6000 people if you're lucky which is still the overwhelming minority and also that Athletic article surveyd 4000 Spurs fans who read the Athletic, again that doesn't represent anywhere near the majority, nothing like protesting at the board when you're paying for tickets and filling up seats is there.

Places like here and Twitter or any social media I take with a huge pinch of salt because most people are internet gangstas or keyboard warriors, they say one thing and don't actually mean it and in this case ENIC out is purely a meme these days anyway which has a load of different meaning based on how people feel at the time.

Keep clutching at those straws though.

The funny thing is the moment Poch comes back (if he comes back) or we get a progressive manager who sets the team up to play on the front foot, fans will get excited again and the noise will die down
Football fans are incredibly fickle so I wouldn't read much into it especially how passive this fanbase is.

I'm normally critical of any sort of protests unless they're done properly so all half hearted nonsense on social media and the minority of fans in the stadium joining in a sing song doesn't compare to an actual protest where fans are gathered in their thousands, that's a bigger statement IMO

 

[Kosher Kid]

ENIC have reduced me to worrying about the emergence of fucking Villa next season.

Ollie Watkins looks like he might actually be a player after all under Emery. McGinn is also back to his best.

Villa; like Toon and Everton, are similar clubs to Spurs, in many ways but have been starved of any type of progress or success, for a lot longer than us, and will be more patient regarding building for the future.

Spurs will need Harry Kane to see off the threat from Toon and Villa next season.

Anyone thinking beyond that is deluded.

Under the current owners Spurs are going back to where we were when ENIC arrived in terms of the football club.

 

[Nuts]

I'd say around 10% of the stadium sung that, so maybe 6000 people if you're lucky which is still the overwhelming minority

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I was just chatting with a mate who was there. Would you like to know what an awful of the rest were doing? Nothing. They were hardly singing jack shit. Why? Because there was nothing to sing about. He said until Danjuma came on, it was a typically weird atmosphere of pockets of murmurs and groans, the odd roar in attack here and there, almost like a cricket match. And that has been very common of late. Why? Because Levy and Stellini and the players are dishing out 37% possession gruel at home.

You can ignore social media if you like (I don’t go on twitter much myself) but you cannot ignore the singing. It’s getting louder and more frequent.

 

[Shadydan]

I was just chatting with a mate who was there. Would you like to know what an awful of the rest were doing? Nothing. They were hardly singing jack shit. Why? Because there was nothing to sing about. He said until Danjuma came on, it was a typically weird atmosphere of pockets of murmurs and groans, the odd roar in attack here and there, almost like a cricket match. And that has been very common of late. Why? Because Levy and Stellini and the players are dishing out 37% possession gruel at home.

You can ignore social media if you like (I don’t go on twitter much myself) but you cannot ignore the singing. It’s getting louder and more frequent.

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Sorry what point are you making here?

If most people weren't singing at all then how does that aid your arguement?

 

[Zomb]

The investment gains are unrealised. The asset (THFC) has increased in value but that doesn’t imply the owners now have the liquidity to invest huge sums.

As an analogy… let’s say you bought a house in 2001 for 300k. Now let’s say you completely remodelled it, improved the garden, added a pool and built a garage. Your total assets now (22 years later) might be worth 3 million through a combination of a rise in house prices generally and the money invested in your homes. That’s doesn’t mean you now have 300k in cash to spend on a boat… your cash is tied up in your investments.

You could take out a loan against the positive equity… that’s how billionaires often get liquidity. Most of Bezos’s wealth is tied up in stock… he can’t spend that money tonight but that’s a foolish thing to do for a football club. The transfer market doesn’t offer anything like safe returns so to take out loans against the club to invest in players is extremely foolish. Even Deuterz isnt asking for that.

No idea where you get your 500m value from.

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They have other assets that can be realised to maximise their primary asset

To counter your example, I would sell a flat to fund the boat

 

[Shadydan]

ENIC have reduced me to worrying about the emergence of fucking Villa next season.

Ollie Watkins looks like he might actually be a player after all under Emery. McGinn is also back to his best.

Villa; like Toon and Everton, are similar clubs to Spurs, in many ways but have been starved of any type of progress or success, for a lot longer than us, and will be more patient regarding building for the future.

Spurs will need Harry Kane to see off the threat from Toon and Villa next season.

Anyone thinking beyond that is deluded.

Under the current owners Spurs are going back to where we were when ENIC arrived in terms of the football club.

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You live in the here and now too much, nothing has changed much as Villa apart from the fact that they have a coach who can improve individuals, that doesn't mean there's going to be consistent progression, it just means they are riding a wave which normally happens to these clubs who try and break the top 6, happened with West ham recently too.

Looking over your shoulder at Villa is just small minded thinking, what happens is clubs like Villa reach a peak and when they get to the top their players will get picked off or they just cannot compete with other teams in the top 6 for players, Brigton are managing it because of their incredible footballing infrastructure but these things dont tends to last - look at Leicester.

The only club we should be looking our for is Newcastle because they have the money to break the top 6 and consistently stay there.

ENIC will keep us around those top places by hook or by crook, they have history and until recently we've been on a general upward curve under them, people won't want to admit that but those are the facts.

 

[Kosher Kid]

You live in the here and now too much, nothing has changed much as Villa apart from the fact that they have a coach who can improve individuals, that doesn't mean there's going to be consistent progression, it just means they are riding a wave which normally happens to these clubs who try and break the top 6, happened with West ham recently too.

Looking over your shoulder at Villa is just small minded thinking, what happens is clubs like Villa reach a peak and when they get to the top their players will get picked off or they just cannot compete with other teams in the top 6 for players, Brigton are managing it because of their incredible footballing infrastructure but these things dont tends to last - look at Leicester.

The only club we should be looking our for is Newcastle because they have the money to break the top 6 and consistently stay there.

ENIC will keep us around those top places by hook or by crook, they have history and until recently we've been on a general upward curve under them, people won't want to admit that but those are the facts.

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Villa supporters will be as fucking thrilled with Europa League next season as Levy would be.

Many on here couldn't give a fuck if we get it or not.

That is my gage.

I'm also serious about Watkins. He is starting to look like the finished article.

Villa are on the up.

 

[Top_Spur]

Brigton are managing it because of their incredible footballing infrastructure but these things dont tends to last - look at Leicester.

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It wasn't long ago that Leicester were being used as an example in how to run a football club.

 

[Deuterz]

ENIC will keep us around those top places by hook or by crook, they have history and until recently we've been on a general upward curve under them, people won't want to admit that but those are the facts.

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Yeah they will, lol.

That upward curve is done. It flatlined years ago with zero signs whatsoever it will continue, in fact we are regressing.

People won't want to admit that but those are the facts.

 

[Nuts]

Sorry what point are you making here?

If most people weren't singing at all then how does that aid your arguement?

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Because they’re not enjoying the football. They are not impressed. If you heard them chanting COYS and drowning out the Levy out chants, you might have a case. But they’re not and more and more are joining in.

Like I said before, when the away fans are doing it - and these guys back the team whatever the weather - you know there’s something wrong.

If you choose to ignore all the media, the singing, the podcasts, then yes, you can ignore reality and substitute your own. But it’s still going to be there and it’s still growing.

This can all be turned around quickly with the right planning. Do ENIC have that ability? History says not. Fingers crossed they prove me wrong because I don’t see them going anywhere.