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Management ENIC

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ENIC In or ENIC Out

  • Total voters
    209
Airfixx Airfixx , this is probably a more appropriate thread to continue our debate.

Last night you ridiculed the notion that ENIC put profit before glory. So, are you claiming they put GLORY before PROFIT.

Before you answer, take a few moments to dwell on the fact that while posting the highest profits in world football we have simultaneously won nothing for 13 years
 
SchmoodSpur said:
Absolutely. But to say we haven't improved as a club under ENIC is nonsense.

We didn't come above Woolwich for how long?

Now we do it every year.

Not that it's an achievement in itself, but it's fucking improvement.
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It’s hard to gauge improvement by the sounds of it….you say we constantly finish above Woolwich but they have won multiple trophies steadily in that time, so who is really improving/winning here?

I totally get the positive spin on the Levy era improvements, but sadly it’s the silver shinny things that matter, just ask Harry Kane if you don’t believe me.
 
Joan Thomas said:
Airfixx Airfixx , this is probably a more appropriate thread to continue our debate.

Last night you ridiculed the notion that ENIC put profit before glory. So, are you claiming they put GLORY before PROFIT.

Before you answer, take a few moments to dwell on the fact that while posting the highest profits in world football we have simultaneously won nothing for 13 years
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Just a few corrections ....

It is correct that we made record profits in one season due to accounting decisions, in case you don't understand what that means we allocated the Wembley stadium costs to the year prior to allocation the profits - bit like having a 12 month rent free period on your mortgage then claiming that you house came for free. Of course for a true picture you need to look at all 20 years of ENIC not just one biased year.

In fact in the football world we now have the 8/9th highest income - and are around 12/13th in terms of profit, well ahead of where we were in 2000.

According to Deloitte we have the 6th highest club spend in the EPL and the 6th highest wages spend in the EPL .... behind Utd, City, Liverpool, Chelsea and Woolwich all of whom historically have higher income than us. It's quite likely we will overtake Woolwich soon .... but bottom line we spend at exactly the level you would expect, and a level that the finances allow.

Unlike many owners ENIC in twenty years have never taken a single penny in dividends.

The owners do not charge interest on any club loans.

The owners do not have family members in 'nepotism' positions.

So financially there is really NOTHING to support your claim that ENIC put "profit before glory" ...

You may "believe" that to be true, and you may have evidence to justify your claim, so please can you show what evidence you have to support your assertion?

Are you really a gooner? would explain an awful lot if you were.
 
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COckneY Spurs said:
It’s hard to gauge improvement by the sounds of it….you say we constantly finish above Woolwich but they have won multiple trophies steadily in that time, so who is really improving/winning here?

I totally get the positive spin on the Levy era improvements, but sadly it’s the silver shinny things that matter, just ask Harry Kane if you don’t believe me.
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We are better than Woolwich.

The two years before ENIC took over they finished second. So no, they haven't improved since then.

To suggest so is laughable.
 
COckneY Spurs said:
It’s hard to gauge improvement by the sounds of it….you say we constantly finish above Woolwich but they have won multiple trophies steadily in that time, so who is really improving/winning here?

I totally get the positive spin on the Levy era improvements, but sadly it’s the silver shinny things that matter, just ask Harry Kane if you don’t believe me.
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I don't think a few FA Cups would have stopped Kane from wanting to leave and if he had come through the Woolwich youth system he would have left them years ago. I'm not even sure if he would have stuck around for Wenger to leave.
 
The Outsider said:
Just a few corrections ....

It is correct that we made record profits in one season due to accounting decisions, in case you don't understand what that means we allocated the Wembley stadium costs to the year prior to allocation the profits - bit like having a 12 month rent free period on your mortgage then claiming that you house came for free. Of course for a true picture you need to look at all 20 years of ENIC not just one biased year.

In fact in the football world we now have the 8/9th highest income - and are around 12/13th in terms of profit, well ahead of where we were in 2000.

According to Deloitte we have the 6th highest club spend in the EPL and the 6th highest wages spend in the EPL .... behind Utd, City, Liverpool, Chelsea and Woolwich all of whom historically have higher income than us. It's quite likely we will overtake Woolwich soon .... but bottom line we spend at exactly the level you would expect, and a level that the finances allow.

Unlike many owners ENIC in twenty years have never taken a single penny in dividends.

The owners do not charge interest on any club loans.

The owners do not have family members in 'nepotism' positions.

So financially there is really NOTHING to support your claim that ENIC put "profit before glory" ...

You may "believe" that to be true, and you may have evidence to justify your claim, so please can you show what evidence you have to support your assertion?

Are you really a gooner? would explain an awful lot if you were.
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Oh, don't spoil the anti Levy agenda with actual facts.
 
The Outsider said:
Just a few corrections ....

It is correct that we made record profits in one season due to accounting decisions, in case you don't understand what that means we allocated the Wembley stadium costs to the year prior to allocation the profits - bit like having a 12 month rent free period on your mortgage then claiming that you house came for free. Of course for a true picture you need to look at all 20 years of ENIC not just one biased year.

In fact in the football world we now have the 8/9th highest income - and are around 12/13th in terms of profit, well ahead of where we were in 2000.

According to Deloitte we have the 6th highest club spend in the EPL and the 6th highest wages spend in the EPL .... behind Utd, City, Liverpool, Chelsea and Woolwich all of whom historically have higher income than us. It's quite likely we will overtake Woolwich soon .... but bottom line we spend at exactly the level you would expect, and a level that the finances allow.

Unlike many owners ENIC in twenty years have never taken a single penny in dividends.

The owners do not charge interest on any club loans.

The owners do not have family members in 'nepotism' positions.

So financially there is really NOTHING to support your claim that ENIC put "profit before glory" ...

You may "believe" that to be true, and you may have evidence to justify your claim, so please can you show what evidence you have to support your assertion?

Are you really a gooner? would explain an awful lot if you were.
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d4e63e94c4190c7a47e21feeec99e7fc.gif


So do you think the English National Investment Company, headed by billionaire tax exile Joe Lewis, puts Glory before Profit?

If so, at least have the balls admit that 0 trophies in 13 years and 1 carling cup in 21 years shows they're making a complete pigs arse of it?

:kaneear:

And the attempt to discard 140 years of history and form a breakaway European league we would have 0 chance of winning.

Was that about Glory, or Profit?

:kaneear:

How about investing £0.00p in the playing squad for one and a half years.

Glory or Profit?

:kaneear:

Please answer with a straight face.
 
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SchmoodSpur said:
We are better than Woolwich.

The two years before ENIC took over they finished second. So no, they haven't improved since then.

To suggest so is laughable.
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And two years after ENIC took over they went the entire season unbeaten and won the league, I’d say that was an improvement?

My gauge of success and yours are defiantly two different things that’s for sure….but that’s what make football interesting I suppose..
 
COckneY Spurs said:
And two years after ENIC took over they went the entire season unbeaten and won the league, I’d say that was an improvement?

My gauge of success and yours are defiantly two different things that’s for sure….but that’s what make football interesting I suppose..
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Don't move the golaposts, we both said improvement, not success.

So you're saying that currently, Woolwich have improved in the time ENIC has been in charge of Spurs?

8th is better than 2nd, is the gist?
 
SchmoodSpur said:
Don't move the golaposts, we both said improvement, not success.

So you're saying that currently, Woolwich have improved in the time ENIC has been in charge of Spurs?

8th is better than 2nd, is the gist?
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This past 5 years has definitely been Woolwich's worst period since ENIC took over, and we managed to finish above them on the last day of the season, we will ignore the couple of FA cups they won and just celebrate our massive improvement since ENIC took over…
 
Joan Thomas said:
d4e63e94c4190c7a47e21feeec99e7fc.gif


So do you think the English National Investment Company, headed by billionaire tax exile Joe Lewis, puts Glory before Profit?

If so, at least have the balls admit that 0 trophies in 13 years and 1 carling cup in 21 years shows they're making a complete pigs arse of it?

:kaneear:

And the attempt to discard 140 years of history and form a breakaway European league we would have 0 chance of winning.

Was that about Glory, or Profit?

:kaneear:

How about investing £0.00p in the playing squad for one and a half years.

Glory or Profit?

:kaneear:

Please answer with a straight face.
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I cant believe these twats are still banging on about how fucking wonderful levy, Lewis and enic have been.
Success in football terms is based on trophies and they have been fucking woeful in pursuit of that goal.
 
For the model it is they’ve done an exceptional job. 15 years ago we were definitely Everton Villa Leeds Newcastle level etc. We left them in our dust top 6 for a decade CL final and best stadium in Europe. It really is not their fault we’ve won nothing the squad was good enough. My biggest problem is the falsehood that they don’t have the money to do a City or a Chelsea, they could easily do it if they really wanted to.
 
No ones saying that they've not been successful off the field but, saying they cant be blamed for the lack of success on the pitch is just plain wrong. The owners employ the managers and most of them we all knew were wrong from the start and when they appoint a decent one hes never backed in the transfer market.
 
Joan Thomas said:
So do you think the English National Investment Company, headed by billionaire tax exile Joe Lewis, puts Glory before Profit?

If so, at least have the balls admit that 0 trophies in 13 years and 1 carling cup in 21 years shows they're making a complete pigs arse of it?

:kaneear:

And the attempt to discard 140 years of history and form a breakaway European league we would have 0 chance of winning.

Was that about Glory, or Profit?

:kaneear:

How about investing £0.00p in the playing squad for one and a half years.

Glory or Profit?

:kaneear:

Please answer with a straight face.
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Your response hyperbole and emojis - not that hard to spot the poster with zero evidence.

85 UK clubs have won less than us in the last twenty years - are you saying that's proof that all their owners are just in it for the profit?

Trying to keep the club at the top table - are you saying you would rather play in the lower leagues?

How about the 110m spent last year or the 148m the year before? Nope you just pick 18 months out of 20 years.

Try a few more irrelevant emojis - it's about your maximum level.
 
The Outsider said:
85 UK clubs have won less than us in the last twenty years - are you saying that's proof that all their owners are just in it for the profit?
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So you're now compariing us to Rochdale, Accrington Stanley and Morecambe to make your point..... Rather than using our heritage and benchmark as the 4th most decorated club in England when they took over.

Good grief!

:memeokay:

I don't think I've ever known a supporter to have such a low opinion of their own football team.
 
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