I guess they better get on with organising that protest march then
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Management ENIC
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Problem with that theory is that THFC as a business are not underperforming, not by a long shot . It’s making money with very little investment by Lewis
Problem with that theory is that THFC as a business are not underperforming, not by a long shot . It’s making money with very little investment by Lewis
But apparently it's not making enough money so that the high wages for top players can be paid. Solanke is meant to be our record signing fee, according to certain websites (I don't know how they find out players wages) he's on a relatively low £90.000 per week.
I don’t think Lewis's trust / ENIC particularly cares about that
There are some rumblings about sponsors not being happy with the league placement. Probably the long term ones like Nike and AIA who got locked into set rates.
That could grind Lewis'/ENIC's gears I guess.
That was true for many years, but with Lewis' shares now held in trust it's now the trustee(s), acting as a fiduciary of the trust's beneficiaries, who have that operational control.It's a privately owned company, not a publicly traded corporation. There's no need for palace intrigue, Lewis could sack Levy with a phone call.
You would not generally associate that kind of situation with dramatic upheaval of management at a business like Spurs, leaving a longtime steward like Levy who's done well by the asset value for decades at the helm would seem like prudent trusteeship even if it's not ruthless sporting competitiveness.
And of course even though the trust *technically* takes control of the club out of Lewis' hands, no one is pretending this is anything other than a vampire oligarch's tax evasion scheme, and the people who administer these trusts know not to bite the hand that feeds them.
That's a lot of throat clearing to get to the point: I think it's now the trustee(s) or their relevant board representation with the power to fire Levy, as opposed to Lewis himself as when he was the majority shareholder.
But still, I assume all of this is about selling a minority share to generate some funds.
Keeping the wage bill down by signing particularly young players is to help their business model to work.
I’d think most sponsors would be delighted we won a European cup , obviously premier league is your bread & butter for reaching viewers to help advertising their product . But we will more than likely be replacing AIA next year … Nike , not that fussed really.
Sadly I don’t think all this board movement has anything to do with a buyer or investment with any kind of influence as what would it matter if you rearranged the furniture of a house just before you sell it ?
I think it’s just that Cullen has retired & been replaced , that’s it
Yup , prospects , high potential return
Good post
I will be surprised if these guys can sell a minority stake tbh. Who in their right mind etc?
I'd also be surprised if ENIC goes but Levy doesn't. That would leave Levy as a minority without the trusted sugar daddy. I doubt he'd fancy that risk.
I've therefore always thought they are either fully in or fully out.
Its obvious they use Spurs cash to generate money to build their hotels etc...
Thats where our player wages are going.
Apparently they've been making £55m per off season for the stadium events, ( I read that in a Goldman Sachs report). I've also read online that there is going to be more events because Haringey Council had capped tthe events at 16 but now the club have obtained a licence to have 30 events. So the £55m will be about doubled.
Whether that revenue is spent on players I don't know.
That’s great if the money is used to fund the football club. They can have a Beyoncé or Jay Z concert every night for all I care.
But I don’t think that money does go back into funding team building, at least not all of it.
Only Tottenham could win a European trophy 2 weeks ago, and then, have it all go pear shaped behind the scenes.
Fuck knows who or what the club brings in, doesn't bode well for the summer or start of season.
Fuck knows who or what the club brings in, doesn't bode well for the summer or start of season.
Think I read somewhere we’d spent £10m so far on the hotel. That’s one year of salary for a good player. Son kind of level.
The hotel is going to cost £80m in total. Let’s say it all comes out of the football club budget. That’s less than a Solanke, including fee and salary.
As it is, I’m sure the club aren’t paying for this, but is probably being used as collateral for loans. Could be wrong though.
Nevertheless, the hotel build isn’t what’s stopping us spending more on fees or salaries.
And before people with their heads in the stand start telling us it is being invested into the team / player wages etc....How come all these other clubs with no such revenue are investing more in their teams than us
Well we always seem to be about 10 million off a clubs valuation for their star player
Yeah. You usually are
What’s your thoughts on how the hotel is being funded?
Or you just going to have a pop and run away like usual?