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Management ENIC
- Thread starter The Fighting Cock
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Scandalously high.Any price, terms, or conditions will never satisfy him.
Though look at the 3 ultra not-bent clubs at the top
The main issue here is that in 2011 we spent 75% of our cost base on player wages.
In 2024 we spent only 58% of our cost base on player wages.
So our non football related costs have risen from 30m in 2011 to 161m last year. How is that possible?
To put it another way in 2011 we had playes wages and other costs in a 3:1 ratio. If we had that same ratio in 2024 our wage bill would be 483m on costs of 161m. The actual 2024 wage bill is 222m.
This stadium was meant to be a game changer for the football club. But all it has turned out to be is a cash generator for Levy to use to spend on other business interests not related to winning games.
As a comparison, 70% of Man Utds costs are first team salaries. Versus 58% of Spurs costs.
The fans are being ripped off.
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B-b-but… think of the hotel!
Financially can't compete but it doesn't ever lead to Levy from tightening the belt on himself, with a total salary (including dividends etc) paid out to him of 6.85 milion this year.
The club is totally reliant on off the pitch sources of income because on the pitch we've been a total disasterclass for years and have gone backwards. This won't change without risk/investment and we will continue to stagnate financially as well as in a sporting sense if we remain a middling outfit while other clubs are taken over and turned in to exciting projects.
Levy/ENIC are a relic of a past ownership model, the sport has changed, their approach no longer works. When they took over they did good things and had some fresh, new ideas. The stadium project also made sense. Since then we are completely aimless and the promised improvements from the new stadium haven't materialised.
The club is totally reliant on off the pitch sources of income because on the pitch we've been a total disasterclass for years and have gone backwards. This won't change without risk/investment and we will continue to stagnate financially as well as in a sporting sense if we remain a middling outfit while other clubs are taken over and turned in to exciting projects.
Levy/ENIC are a relic of a past ownership model, the sport has changed, their approach no longer works. When they took over they did good things and had some fresh, new ideas. The stadium project also made sense. Since then we are completely aimless and the promised improvements from the new stadium haven't materialised.
I don't think that fans are angry at things like the hotel, concerts or other alternative revenue streams in and of themselves.
We are angry that they are apparently prioritised higher than the football team that everything is anchored to.
People need to stop going. Let him have his concert venue.
Is that likely?
Yes. That’s the point.
Wages to revenue yes!
Any price, terms, or conditions will never satisfy him.
Hey! At least we're winning something!
Time to sell up mate.
Funnier part is he has no legal obligation to comment on the lack of spending or not, so for him to actually make mention of the issue and attempt to refute criticism in such a lame manner truly shows how inept he is.
Only 150m quid per season in pure profit.
Basically our only hope is if THFC the "non-football" portion grows so large it is able to support a truly competitive football club without threatening its sustainability. I don't really think Levy will be able to do that before we or him are all dead.
If they stopped the football all together, then that would be even better for the CO cunting 2 levels. Is that what we have become ? Yes is the answer. Coventry City might be the most mirroring example of the direction of travel for us.Chairman's Statement.
"We retained our status as the Premier League’s greenest club, achieving ISO 20121 certification - the globally recognised standard for sustainable event management"
Trophy presentation before the Saints game.
Does that include the debt ?
Levy will ask for a price that will not be attractive to any buyer. In business both sides have to feel that it’s a good deal that ain’t happening with this cretin
If that’s what people are angry about they are idiots.
They (concerts etc) are not prioritised in any way. They are are scheduled to fit around the football team events. And all revenue from concerts etc go to the football club (not ENIC) - as well as all revenue from football.