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Management ENIC

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ENIC In or ENIC Out

  • Total voters
    209
StevenPL said:
Sorry but a house is not a comparison with a football club. For a start a football club is required to generate revenue through footballing activities a house is an asset which keeps you dry and nothing more unless you let it out. The stadium could be a comparison but then you must consider the level of debt and maintenance and of course the fact the stadium is a revenue generating asset. Of course the elephant in this room is value and house values go up but I'm afraid stadium values go down, don't believe just check out amortisation... Big Dan's already on it.

The investment in footballing activities is an absolute, otherwise your asset does not generate. But you think ....

What you fail to understand is the club have increased in value represented by an increase in the price of the stock. Enic under levy have taken out huge loans on the clubs books for which the club is responsible. This is all tied to the stadium and we have become nothing more than another property deal.

Ps Bezos wealth is tied up with stock, which is a highly liquid asset which he can trade..... Or are you talking options with defined time lines. Either way enic have placed a huge debt that the fans pay off while they will actually see a massive profit when they sell. Thier investment in players on the other has been criminal.

So in summary we've already taken out loan but you feel this can be ignored much like the playing staff...
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The house example was only to show how big increases in wealth don’t necessarily lead to increased liquidity.

THFC is a privately owned company. I don’t understand your point about stock.

The stadiums value will not go down. The value of land in Tottenham will only increase - in part because of the effect of having a top football club and a world class stadium. The loans on the stadium are SECURED which makes them low risk. That is very different from loans used to buy players. The value of a player will fluctuate far more and depreciate to 0 far more quickly than the stadium. The stadiums value (with the land it sits on) will never drop to 0.
 
Shadydan said:
They've been managing it over the last 10-15 years or so

Check our average finishing positions over that period...
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I understand. You make a true statement.

Alas, the competition level has gone way, way up over that period and continues to while the Spurs project has stagnated.

Since the Poch era was sabotaged in Summer 2018 we have yet to finish with a higher point total than we did in AVB's first season.

Spurs CAN continue to move the project forward. ENIC and Levy CAN continue to move the project forward. It just means eye-watering expenditure in the transfer market, back page cash splashing Jim White exclaiming modern football innit megabucks player recruitment.

Levy and so much of the Spurs fanbase has such an ideological desperation for there to be any other way. It would be nice if there were, even I feel that way. It is not so.
 
FightingIllini said:
I understand. You make a true statement.

Alas, the competition level has gone way, way up over that period and continues to while the Spurs project has stagnated.

Since the Poch era was sabotaged in Summer 2018 we have yet to finish with a higher point total than we did in AVB's first season.

Spurs CAN continue to move the project forward. ENIC and Levy CAN continue to move the project forward. It just means eye-watering expenditure in the transfer market, back page cash splashing Jim White exclaiming modern football innit megabucks player recruitment.

Levy and so much of the Spurs fanbase has such an ideological desperation for there to be any other way. It would be nice if there were, even I feel that way. It is not so.
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We're actually trending upwards since the Summer of 2018 so we have returned to some sort of mean.

4th, 6th, 7th, 4th, 5th
 
Shadydan said:
We're actually trending upwards since the Summer of 2018
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We are clearly and undeniably in way, way worse competitive shape than we were then. Both in absolute terms and relative to the level of the Premier League (particularly because of what the Newcastle project means). No one being serious would argue otherwise.

We ended 2017-18 with 77 points, a +38 goal difference, three of the PLs best XI, and then had the most games played of any club in the world at the 2018 World Cup.
 
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FightingIllini said:
We are clearly and undeniably in way, way worse competitive shape than we were then. Both in absolute terms and relative to the level of the Premier League (particularly because of what the Newcastle project means). No one being serious would argue otherwise.
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Yes but you're missing the point.

It was about Spurs dropping out of the top places i.e top 6 permanently, there's no threat of that and hasn't been under ENIC of the last 10-15 years or so, regardless how bad or good we look as a team.
 
Shadydan said:
Spurs dropping out of the top places i.e top 6 permanently
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Spurs with no threat of challenging for the Champions League places is the inevitable destination of current practices, and that's not something that's been true for any durable length of time since the Hoddle managerial era, the very dawn of ENIC.

A theoretical hold on 7th (which is far, far from certain anyway) is irrelevant in that calculus.

For me personally that's still a salvageable reality with greater focus on the cups we can win (we're a lesser proposition in the domestic cups having slipped that far behind the English powers, but still, it can be done and should be the focus).

For ENIC's revenue tables though? They're screwed in terms of seeking future growth. Game over.

Levy has sacked any manager the moment their project lost Champions League qualification momentum. It's becoming a longer and longer shot to generate even a modicum of that momentum in the first place.
 
FightingIllini said:
Spurs with no threat of challenging for the Champions League places is the inevitable destination of current practices, and that's not something that's been true for any durable length of time since the Hoddle managerial era, the very dawn of ENIC.

A theoretical hold on 7th (which is far, far from certain anyway) is irrelevant in that calculus.

For me personally that's still a salvageable reality with greater focus on the cups we can win (we're a lesser proposition in the domestic cups having slipped that far behind the English powers, but still, it can be done and should be the focus).

For ENIC's revenue tables though? They're screwed in terms of seeking future growth. Game over.

Levy has sacked any manager the moment their project lost Champions League qualification momentum. It's becoming a longer and longer shot to generate even a modicum of that momentum in the first place.
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Awkward Kenan Thompson GIF by Saturday Night Live
 
Cranston said:
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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He didn't break the rules.... Divide the number of years from provision of the loan to it been written off and you end up just Avoiding any breaking ... Sneaky but perfectly legal. City do similar tricks.
 
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