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Management ENIC

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ENIC In or ENIC Out


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Spot on. Now the very people who have surpassed him (eg. oil money, private equity) and have work out how to run clubs effectively (Man City with their ways apart) close to the blurred lines of the rules are actually the only people who will save us fans.

His (and our) problem is they are too savvy to pay the over market value price for the club or any investment (note no comment of external investment, but mention of hotel development being financed separate to the club in his statement) because there are 20 PL clubs, all of which are attractive at different investment levels and I suspect 3/4rs are available at more reasonable prices.

We fans are properly fucked. But I’ve been pointing this out for nearly 3 years.

I think you’re being too kind to levy . The club has not only been surpassed by oil money and private equity, clubs who you’d consider much smaller are surpassing us.
 
The thing is, is the football team just another revenue stream the stadium produces for ENIC and does that statement back it up?
The statement absolutely backs that up 100%. He's not even hiding it now.
If anyone was in any doubt before, at least this absolutely clarifies the situation.

Built a business off the back of a football club. The football team itself is now basically just the messy afterbirth
 
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The club is paying the price for some awful transfer decisions.

Ndombelly (62m left for free)
Lo Celso (48m left for 5m)
Sessegnon (27m left for free)
Sachez (42m. Sold for 9m)
Reggie (30m, will leave for free in summer)

Add to that Dier, Holjberg, Lloris, Moura, Dele being allowed to leave for zero fee.

Whomever oversaw transfer activity in this period set the club back years, and have hamstrung our ability to compete in the transfer market.

Clearly, the club has made a significant investment to dig themselves out of this hole - Johnson, Porro, Kulu, Grey, Richarlison, Solanke, Madisson, Odobert all costing significant money.

It is of course very clear that expectations of summer spending will need to be tempered; and we would need to probably break even on net spend. Clearly money can be raised from Romero, Richarlion, Gil, Bissouma and Bentencaur to bring in enforcements.

Even if we qualify for the Champions League, I wouldn't expect we would have any ability for a positive net spend.
I agree to some extent but explain how Woolwich are competing with similar terrible transfer decisions... Pepe 72m left for nothing, Aubameyang 60m left for nothing, Lacazette 50m left for nothing, Jesus 50m absolute dog shit will probably leave for nothing. Yet they can spunk 105m on Rice and pay him 250k a week. Their revenue is around the same as ours but the difference is, they focus everything on football, we focus everything on property and entertainment financed by football.
 
He's not even bothered trying to hide it anymore.

I have nothing but hatred and contempt for this bald lizard fuck.
His whole thing is maximising profit, cutting corners, milking supporters for all they're worth, and ordering arson on sheet metal works so that he can get his concert venue built over what used to be a proud and historical football stadium.

He's a weasley cunt and needs to be reminded that we know that at every home game.
 
If you want to comply with the rules; you can't just write off bad transfers and go and spend spend spend. We've had to write off close to 300m in player assets - along with spending half a billion on incoming players since Ange arrived. Even with the Kane sale, we have only recouped 170m.

We didn't just have some unsuccessful transfers, they were disastrous. Over the time he was here, Ndombele cost the club more than we got from the sale of Kane.

The good news (yes, there is some), is that the majority of the dead wood is now gone, and we have an excellent core of young players that could serve the club for the next 5-10 years.
Fuck me, the majority of the deadwood is gone??? Give your head a wobble... we have enough deadwood to float the fucking Titanic... honestly... I can count on 3 fingers the number of players in our squad that MIGHT interest the other big clubs... the rest are either in decline (think Son, Maddison), bang average (think Porro, Sarr, Bentancur, Solanke, Danso) or just really really bad (think Johnson, Bissouma)...
 
For me it is the "it is what it is" energy from the statement that kills me.

If Levy feels that we cannot spend more than we are then okay, I can grudgingly buy that to an extent. But there's nothing in the statement about buying smarter and improving on our recruitment and scouting. Because we still have the option of spending the good chunk of money that we do invest in the team better than we are. Instead its just accepting of mediocrity.

Doing more with less is 100% harder, but it is doable.
The problem is since the new stadium we have no idea what sort of club we are. We were pound shop Chelsea under Mourinho and Conte, trying to act big without really doing so and have now decided to go back to our 2005 to 2015 model of buying young up and coming players. Time has moved on though and there are loads of other clubs that operate that way now who are miles better at doing it, Brighton, Bournemouth, Palace, Brentford even Forest. Everything we do is reactionary and half arsed. Does a pure data driven approach come up with Solanke for £65m and Werner for another 12 months? Since 2018 we're just completely lost and the powers that be have made appalling decisions for a good 7 years now and have no idea how to get out of this mess.
 
when in London.....

20250402-085524.jpg
Did he actually ever say that?
 
I agree to some extent but explain how Woolwich are competing with similar terrible transfer decisions... Pepe 72m left for nothing, Aubameyang 60m left for nothing, Lacazette 50m left for nothing, Jesus 50m absolute dog shit will probably leave for nothing. Yet they can spunk 105m on Rice and pay him 250k a week. Their revenue is around the same as ours but the difference is, they focus everything on football, we focus everything on property and entertainment financed by football.

Woollich tend to recognise early that a player isn’t going to work & get rid , bar the odd exception . We hold on to them because it’s about profit & of course this results in a bigger loss . It’s not a very good way to run a business
 
The club is paying the price for some awful transfer decisions.

Ndombelly (62m left for free)
Lo Celso (48m left for 5m)
Sessegnon (27m left for free)
Sachez (42m. Sold for 9m)
Reggie (30m, will leave for free in summer)

Add to that Dier, Holjberg, Lloris, Moura, Dele being allowed to leave for zero fee.

Whomever oversaw transfer activity in this period set the club back years, and have hamstrung our ability to compete in the transfer market.

Clearly, the club has made a significant investment to dig themselves out of this hole - Johnson, Porro, Kulu, Grey, Richarlison, Solanke, Madisson, Odobert all costing significant money.

It is of course very clear that expectations of summer spending will need to be tempered; and we would need to probably break even on net spend. Clearly money can be raised from Romero, Richarlion, Gil, Bissouma and Bentencaur to bring in enforcements.

Even if we qualify for the Champions League, I wouldn't expect we would have any ability for a positive net spend.
What on earth are you going on about?
 
I think you’re being too kind to levy . The club has not only been surpassed by oil money and private equity, clubs who you’d consider much smaller are surpassing us.

I meant in terms of those entities that would be able to purchase us. But yeah he’s been left behind by owners with equal or greater intellect and of course sporting endeavour and desire, which lets be fair, isn’t exactly difficult!
 
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