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Management ENIC

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ENIC In or ENIC Out

  • Total voters
    209
Teach said:
You can’t argue that Levy doesnt seize opportunities. Ever. Never maximises a position of strength

We currently have a big opportunity to spend, based on the 30 events happening. Other clubs don’t have r this headroom, however they will.

It currently creates an opening for us to maximise but there’s not a chance in hell that other clubs don’t copy this and catch us up. Others will do the same and the value of those niche will be removed
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He's far too risk averse to ever seize a opportunity in regards to sports.

It is true that Levy and Lewis doesn't really have external money to pump in to be a bit more risky. Their wealth is bound up in the club and Lewis' other investments. Which is why Levy always says that they are open to entertaining outside investors.

But Levy keeps shooting himself in the foot by overvaluing the club and thus driving interested parties away.
 
I have been on boards where a poster or two really understands finance especially in football.Do we have anyone on here in that category that can explain our massive income but posting losses.Thanks
 
SpiderSpurs said:

View: https://x.com/ChangeForSpurs/status/1907687810573705676?t=S2e62FOtWvHOqbV1GD1lkA&s=19


View: https://x.com/ChangeForSpurs/status/1907688159376269686?t=v7BkcDCxaF8CwAG0ks0LZw&s=19
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Looking through their tweets and it sounds like they are going about things the right way, contacting the club and not being dicks about things. Yet obviously the club are doing all they can to disrupt things for Sunday. I dread to think what they will do to try and stop the march and protest outside the ground. I wouldnt be surprised if they have a few snide tricks up their sleeves.
 
John Thomas said:
When in New York 😂


View: https://x.com/lonelytrvlr1/status/1907610583597269118?t=JHm4aDpixGpSQ0a45sGr7A&s=19
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Seems like a lot of other clubs want to help Change for Tottenham. If you look through their replies to their posts you can see supporter groups including Man City and West Ham backing them and some other who arent happy with their owners who want to partner up and work on things. Quite interesting. I think a lot of fans have just had enough now of their clubs treating them like cash machines.
 
Brian Fantana said:
Seems like a lot of other clubs want to help Change for Tottenham. If you look through their replies to their posts you can see supporter groups including Man City and West Ham backing them and some other who arent happy with their owners who want to partner up and work on things. Quite interesting. I think a lot of fans have just had enough now of their clubs treating them like cash machines.
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Their was a quite noticeable protest by City fans last night in regards to their ticket prices and the club having 9 resell partners. All/most of the organised supporter groups stays out of the stands for the opening 9 minutes and there was a pre match protest.
 
Dark Shadow said:
I have been on boards where a poster or two really understands finance especially in football.Do we have anyone on here in that category that can explain our massive income but posting losses.Thanks
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No expert but I do work closely with accountants and the ‘losses’ which are driven by depreciation are not real losses but part of accountant standards. They are obviously perfectly legal by the way and enable the club to offset future tax revenue so of course we need to do it.

1 stadium depreciation. We are putting a £60-70m loss each year until the stadium is worth zero. Of course our stadium won’t be worth zero at the end of this, it not like we hit zero and the stadium falls down and we have to rebuild it. Woolwich also used this.

2 player amortisation. When you sign a player say on a 5 year deal their value amortises (reduces), the declining value of the contract is then set as a loss. In practice this could be real (player fucks off on a free and you have to buy a new one for the same amount) but equally player might sign a new deal or you sell them for a profit so it’s a very prudent approach. I believe this was £140m roughly, some of this will materialise eventually but some won’t.

All clubs will do this, nothing dodgy but it makes a bit of a mockery of the ‘losses’. It would probably be better to get a cash in and out statement. Part of an accountants job is to use the tax code to find ways to pay less tax so it can be a bit of smoke and mirrors.
 
Teach said:
You can’t argue that Levy doesnt seize opportunities. Ever. Never maximises a position of strength

We currently have a big opportunity to spend, based on the 30 events happening. Other clubs don’t have r this headroom, however they will.

It currently creates an opening for us to maximise but there’s not a chance in hell that other clubs don’t copy this and catch us up. Others will do the same and the value of those niche will be removed
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But can other clubs get their local councils to approve up to 30 non football events at their stadiums and it's not guaranteed that there is enough free weekends in the year for Spurs to use up the full permitted 30 event allowance. Concerts for example have to be held in the warmer months so are basically restricted to end of May to beginning of August when football season starts, suppose you could hold a concert on a free weekend in September .
Woolwich hold the odd concert but maybe they are restricted by the local council, no reason why Chelsea couldn't hold concerts but don't recall them having any , again may be the local council won't sanction it.
Rugby Union recently complained that they can't get permission to hold many extra events at Twickenham, so it's not as easy for others to follow the example set by Spurs.
At the moment Spurs have the finest state of the art stadium in the UK with hospitality areas second to none , so it's an easy choice for many in the concert/boxing/rugby business etc to pick Tottenham .
 
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Tomo said:
No expert but I do work closely with accountants and the ‘losses’ which are driven by depreciation are not real losses but part of accountant standards. They are obviously perfectly legal by the way and enable the club to offset future tax revenue so of course we need to do it.

1 stadium depreciation. We are putting a £60-70m loss each year until the stadium is worth zero. Of course our stadium won’t be worth zero at the end of this, it not like we hit zero and the stadium falls down and we have to rebuild it. Woolwich also used this.

2 player amortisation. When you sign a player say on a 5 year deal their value amortises (reduces), the declining value of the contract is then set as a loss. In practice this could be real (player fucks off on a free and you have to buy a new one for the same amount) but equally player might sign a new deal or you sell them for a profit so it’s a very prudent approach. I believe this was £140m roughly, some of this will materialise eventually but some won’t.

All clubs will do this, nothing dodgy but it makes a bit of a mockery of the ‘losses’. It would probably be better to get a cash in and out statement. Part of an accountants job is to use the tax code to find ways to pay less tax so it can be a bit of smoke and mirrors.
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I agree with what you are saying
1 but say the old WHL West stand was built and now demolished and so if it had not been depreciated the entire cost of the stand would have been taken out of 1 year's accounts. The present stadium will need replacing one day and so depreciation is sensible. I do not know over how many years though but it should be the same as the lending say 20 years. There is always value in the land the stadium is built on and so it does not need to go to zero.
2 likewise player amortisation is sensible although youngsters like say Bergvale should increase in value but if they do and are sold then that profit comes into the accounts when sold creating a profit which should be utilised to buy a replacement and if they do not then they end up with a hefty tax bill,
One good thing is that no tax was paid. It is all a balancing act but depreciation and player amortisation are sensible and all clubs do it.
 
Muckleflugga said:
But can other clubs get their local councils to approve up to 30 non football events at their stadiums and it's not guaranteed that there is enough free weekends in the year for Spurs to use up the full permitted 30 event allowance. Concerts for example have to be held in the warmer months so are basically restricted to end of May to beginning of August when football season starts, suppose you could hold a concert on a free weekend in September .
Woolwich hold the odd concert but maybe they are restricted by the local council, no reason why Chelsea couldn't hold concerts but don't recall them having any , again may be the local council won't sanction it.
Rugby Union recently complained that they can't get permission to hold many extra events at Twickenham, so it's not as easy for others to follow the example set by Spurs.
At the moment Spurs have the finest state of the art stadium in the UK with hospitality areas second to none , so it's an easy choice for many in the concert/boxing/rugby business etc to pick Tottenham .
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Currently, no they can’t. Some will in future which is my point. Time is now
 
LOL at the 13% :roflmao:

ship-sinking-ship.gif
 
What is going on now is created purely by them and their decisions. This cunt should never of been appointed. The last 2 manager searches have been an embarrassment that has been their own doing due to how the club is run. People talk the cat is out of the bag Levy's reputation in football now is well known and unless we get a decent coach willing to take a punt on us this will be us regularly now under enic and Levy.
 
Teach said:
Currently, no they can’t. Some will in future which is my point. Time is now
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Everyone else is light years behind at this time . At the moment I make it 16 concerts at The Lane this summer , no one else has a stadium that can stage that many concerts plus other events like NFL/ rugby, except Wembley.
Unless someone is going to build a new stadium and the only one in the pipeline is Man U who is going to compete with The Lane.
No one likes to hear it but Levy/ENIC have done brillliantly with the new stadium.
 
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