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Management ENIC

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ENIC In or ENIC Out

  • Total voters
    209
StevenPL said:
Fn what we have a a near 1bn debt! You realise that yeah. You understand that based on the massive debt, we can't actually fn spend large amounts - ie that's why we hardly spend a fn thing in the last 5 years compared to the rest of the top 10.

If your saying that the club will generate more revenue fine, just don't fn forget to mention the vastly increased costs which places the club at a higher level of risk. Or are you an ebita man.....
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No it’s long term debt in bonds with maturities of 20-30 years. The new stadium plus debt generates around £50m more than the old stadium minus debt last I read.

This is like a mortgage on a pizza place making lots of money, this isn’t a credit card covering someone’s extravagant purchases which is what transfer debt is.
 
FightingIllini said:
The incremental added revenue of the new stadium massively outweighs the financing cost of the debt. So every month, every year, we come out ahead on net by a large, large amount.

Now, if there’s no fans allowed we’re dicked, but thankfully that seems to have passed for good.
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Debts a weird thing, idiots love it till it bites them on the arse.

So ill make this simple, the stadium had an initial quote of 300-500m. Mr levy went bananas, I mean fn bananas as in govt overspend bananas and our forecast debt doubled along with the associated interest payments. That's millions every fn season extra that we are paying for a near identical revenue stream. I'm sorry but as with all financial scenarios where debt increases reducing profit, your associated risk increases - ergo covid bit right through levys arse..... Oh sorry its not levys debt, its fn our debt.

Ps have you seen all the spending we're undertaking - wow we really are richer.... Not really the George soros school of finance....
 
John Thomas said:
So all this talk about the new stadium allowing us to compete with the elite was just that. Talk? Bullshit?
And we need to remain patient until the debt is repaid in 2050?

Sounds reasonable
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No, the debt is long term and the interest rates aren't overly punitive.
The idea has always been that the stadium is a massive revenue generating asset with the incremental income more than the interest payable, hence strengthening our financial position.
That said, you may have noticed there was a global pandemic recently. We would have paid interest whilst our income dried up. It won't also be up to the forecast levels for a while, whilst that interest will remain as forecast.
Whether you like it or not, if there's one thing Levy is decent at it is the finances and unforeseen circumstances have shafted us at a time when we are more vulnerable than over clubs as a result of how leveraged we are due to the stadium.
 
www.givemesport.com

The 20 teams with the highest net spend over the past 20 years

The 20 teams with the highest net spend over the past 20 years
www.givemesport.com www.givemesport.com

In the 20 years of ENIC's ownership, Levy has managed to utilize a £20M/yr net spend to turn a mid table club into perinneal CL participants with by far the best xG/£net investment efficiency ratio in global football and borrowed enough capital to construct the greatest football stadium in the world.

Put that in your pipe and smoke it.

:pochsmirk:
 
MemphisWill said:
www.givemesport.com

The 20 teams with the highest net spend over the past 20 years

The 20 teams with the highest net spend over the past 20 years
www.givemesport.com www.givemesport.com

In the 20 years of ENIC's ownership, Levy has managed to utilize a £20M/yr net spend to turn a mid table club into perinneal CL participants with by far the best xG/£net investment efficiency ratio in global football and borrowed enough capital to construct the greatest football stadium in the world.

Put that in your pipe and smoke it.

:pochsmirk:
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And we've won fuck all!!!
Sorry 1 trophy in 21 years
 
harry7 said:
So.......

Everyone keeps banging on about our poor quality squad and how we are falling behind.


Leicesters great scouting. Why didn’t we get Tielamens ?

Woolwich building a great young squad. Why didn’t we get Tomiyasu?

Man United full of galatico’s. Why didn’t we get Fernandes?

West Ham a well oiled team. We need an ‘Antonio’ up front.


Yet here we are, above United and Leicester in the league; with 2 games in hand over Spammers/Woolwich and in the semi final of the League Cup.


Funny old world.

Maybe we’re not that bad after all.
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We are
 
MemphisWill said:
In the 20 years of ENIC's ownership, Levy has managed to utilize a £20M/yr net spend to turn a mid table club into perinneal CL participants with by far the best xG/£net investment efficiency ratio in global football and borrowed enough capital to construct the greatest football stadium in the world.

Put that in your pipe and smoke it.

:pochsmirk:
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🎶 Best xG/net investment efficiency ratio,.......You'll never sing that 🎶

0_GettyImages-675158030.jpg
 
VoiceOfThePoshSeats said:
Its not good enough other clubs are on 2nd signings and we only had a transfer meeting yesterday
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Of course we didn't have our first transfer meeting yesterday; don't be ridiculous. Our scouts will have been working on players for months.

January of course is a tough time to sign players.

We want to sign 'better' players to improve our first 11.

Being Jan, we need players that are a)Better than what we have b)Fit and c)IN FORM. Other clubs don't want to sell players that are fit and in form so negotiations can take some time.

Alternatively you can take a punt on unwanted players at other clubs that have little game time (Lingard, Coutinho, Bale, Isco, Marital etc...) in the hope they are fit and will be better than what you have from day 1.

Above all else, this window needs to be about getting Ndombele out of the club, LLoris on a new contract and getting somebody in who can pass the ball to Son and Kane consistently.
 
StevenPL said:
Debts a weird thing, idiots love it till it bites them on the arse.

So ill make this simple, the stadium had an initial quote of 300-500m. Mr levy went bananas, I mean fn bananas as in govt overspend bananas and our forecast debt doubled along with the associated interest payments. That's millions every fn season extra that we are paying for a near identical revenue stream. I'm sorry but as with all financial scenarios where debt increases reducing profit, your associated risk increases - ergo covid bit right through levys arse..... Oh sorry its not levys debt, its fn our debt.

Ps have you seen all the spending we're undertaking - wow we really are richer.... Not really the George soros school of finance....
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You havnt got a clue what youre talking about please stop
 
harry7 said:
So.......

Everyone keeps banging on about our poor quality squad and how we are falling behind.


Leicesters great scouting. Why didn’t we get Tielamens ?

Woolwich building a great young squad. Why didn’t we get Tomiyasu?

Man United full of galatico’s. Why didn’t we get Fernandes?

West Ham a well oiled team. We need an ‘Antonio’ up front.


Yet here we are, above United and Leicester in the league; with 2 games in hand over Spammers/Woolwich and in the semi final of the League Cup.


Funny old world.

Maybe we’re not that bad after all.
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We could be so much better if we wernt hamstrung by levy
 
StevenPL said:
Fn what we have a a near 1bn debt! You realise that yeah. You understand that based on the massive debt, we can't actually fn spend large amounts - ie that's why we hardly spend a fn thing in the last 5 years compared to the rest of the top 10.

If your saying that the club will generate more revenue fine, just don't fn forget to mention the vastly increased costs which places the club at a higher level of risk. Or are you an ebita man.....
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Click to shrink...
No no no, the guy who is smarter than Stephen Hawking ever was structured the debt in a way that it’s basically not even debt for the stadium, so we should have wads of cash to spend…..I think, or was that a dream🤔
 
After failing to qualify tonight and lose to the goons at the weekend we’ll see how ambitious ENIC are as they only are reactive, not proactive. That is if Conte doesn’t say ‘fuck it’ and walks first. Last chance for the property investment company. Start acting like a big club , get investment (unlikely as they don’t want to dilute their shareholding’s) or sell up. The atmosphere at the United game will be timid compared to what will happen if we don’t back the manager and plead poverty.
 
SwinSpur said:
After failing to qualify tonight and lose to the goons at the weekend we’ll see how ambitious ENIC are as they only are reactive, not proactive. That is if Conte doesn’t say ‘fuck it’ and walks first. Last chance for the property investment company. Start acting like a big club , get investment (unlikely as they don’t want to dilute their shareholding’s) or sell up. The atmosphere at the United game will be timid compared to what will happen if we don’t back the manager and plead poverty.
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Good post, completely agree. He’s 66/1 to walk/go next, he’s such an emotive character that I can see that happening if there’s no traction.

These absolute bastards have strangled us
 
tommyboyspurs said:
honestly dont give a rats arse if they walked tommorow
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Thing is that sums up my feelings about all our owners/chairmen since I first noticed who they were (Irving Scholar, before that they were just a name in the programme).

I've no doubt I'll feel exactly the same about the next lot whenever they come in. Unless you were say a Blackburn fan in the 90s and loved Jack Walker for making your wildest dreams come true, or a fan of a lower league team on the brink of being wound up but saved by a local hero, I can't imagine feeling any sort of bond with your owner or chairman
 
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