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Management ENIC

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ENIC In or ENIC Out


  • Total voters
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And breaking news on that front


That 10B price is going to send shockwaves through the global sports industry.

FWIW Mark Walter is a partner in BlueCo and part-owner of Chelsea.

It's a good time to declare victory and sell, and ENIC should do so.
I don't think the shockwaves this sends are the ones you, me, or anyone else want to see.

This is just further proof that NBA values have over the past decade over taken the value of football clubs. I've pointed this out multiple times in discussing the inevitability of the ESL.

Football is a more popular, more watched sport than basketball - yet basketball's top properties are more valuable than football's. Why? Because football has a much more socialist financial model, where value is more evenly spread from the top to the bottom. Basketball puts all its most valuable properties in one box (the NBA) and lock everyone else out of the revenue distribution.

The people at the top european clubs will be looking at this and wondering why they're putting up with their club being worth less because they're giving a ton of their money to Brentford and Sevilla and Parma.
 
I don't think the shockwaves this sends are the ones you, me, or anyone else want to see.

This is just further proof that NBA values have over the past decade over taken the value of football clubs. I've pointed this out multiple times in discussing the inevitability of the ESL.

Football is a more popular, more watched sport than basketball - yet basketball's top properties are more valuable than football's. Why? Because football has a much more socialist financial model, where value is more evenly spread from the top to the bottom. Basketball puts all its most valuable properties in one box (the NBA) and lock everyone else out of the revenue distribution.

The people at the top european clubs will be looking at this and wondering why they're putting up with their club being worth less because they're giving a ton of their money to Brentford and Sevilla and Parma.
All good points. The NBA is not without its own problems of course.

The thing I really don't understand is, the Lakers are a tenant in the Staples Center (or whatever they call it now), they do not own the building they play in. Phil Anschutz owns all of that LA Live complex as well as the Kings and has a minority interest in the Lakers and Sparks (which I assume he's holding onto in this deal?), but how can a team that doesn't own its own facility be that valuable?

Investors into the American Big Four pro sports have never, ever, ever lost. But man, this is a spicy meatball.
 
Good interview from Daniel and Vinai.
Yeah, a right pair of workaholics, those two.

Nick Offerman Laughing GIF
 
All good points. The NBA is not without its own problems of course.

The thing I really don't understand is, the Lakers are a tenant in the Staples Center (or whatever they call it now), they do not own the building they play in. Phil Anschutz owns all of that LA Live complex as well as the Kings and has a minority interest in the Lakers and Sparks (which I assume he's holding onto in this deal?), but how can a team that doesn't own its own facility be that valuable?

Investors into the American Big Four pro sports have never, ever, ever lost. But man, this is a spicy meatball.
Most stadiums in US sports aren't owned by the teams, though, because they're all funded predominately by taxpayers. That's why, really, if you were to compare these organization values the european football clubs are losing by even more than they appear to be on paper.
 
Most stadiums in US sports aren't owned by the teams, though, because they're all funded predominately by taxpayers. That's why, really, if you were to compare these organization values the european football clubs are losing by even more than they appear to be on paper.
Most aren't, but the top valuations are.

And yes, most are publicly owned, but Staples Center is not, it's owned by a (somewhat) separate private entity.

I'm sure the lease terms are extremely favorable, but the Lakers aren't doing what Spurs are with Beyonce concerts and the like.

Different businesses are different.

Anyway, you're correct in the sense that the American money flowing into European soccer wants to leave the archaic national competitions for a closed European Super League as soon as they can manage it.

It falls to us the fans to stop it.
 
Most aren't, but the top valuations are.

And yes, most are publicly owned, but Staples Center is not, it's owned by a (somewhat) separate private entity.

I'm sure the lease terms are extremely favorable, but the Lakers aren't doing what Spurs are with Beyonce concerts and the like.

Different businesses are different.

Anyway, you're correct in the sense that the American money flowing into European soccer wants to leave the archaic national competitions for a closed European Super League as soon as they can manage it.

It falls to us the fans to stop it.
Staples Center is a different animal for sure, its run as a comoletley separate private entity. The fact that the Lakers can be worth $10B without even owning and monetizing their stadium is really going to grate on owners at United, Madrid, etc.

A lot of the Lakers value is the local broadcasting deal - I'm sure our friends in England don't want that nonsense being exported to them.
 
If I'm the only one then so be it. It's just that I'm not. Have a little look at the general concensus of fans from various outlets and you'll see, I think, the majority think as I do.
The problem is that you started watching that interview thinking he's a prick, I don't like him, so this is going to be shit and full of lies and you didn't open your eyes and ears, if you even watched it all. In my life it's incredibly important to be able to see what a person is really like and when the truth is being told and I just got that impression that these guys are actually genuine.
But I can understand how difficult that must be to come to terms with for you, when you're entirely blinkered, and more than likely always will be.
 
If I'm the only one then so be it. It's just that I'm not. Have a little look at the general concensus of fans from various outlets and you'll see, I think, the majority think as I do.
The problem is that you started watching that interview thinking he's a prick, I don't like him, so this is going to be shit and full of lies and you didn't open your eyes and ears, if you even watched it all. In my life it's incredibly important to be able to see what a person is really like and when the truth is being told and I just got that impression that these guys are actually genuine.
But I can understand how difficult that must be to come to terms with for you, when you're entirely blinkered, and more than likely always will be.
I know you're not the only one, LOL 😂. There's plenty of you.
I just chose your post as a great example.

You should feel very proud I single you out, sir :adethumbup:
 
This is good. A friendly, respectful exchange between a Levy IN and a Levy OUT supporter.

I like it .:angehug:

Hopefully others will take note and learn from our exchange
Just to be clear, Levy has pissed me off rightly over the years, I totally admire loads that he has done, and I detest how tight arsed he's been over the playing staff, and how he's recruited. There are many things wrong about his tenure, and I've wanted him out on lots of occassions, but I do think he has had a masterplan, for the club as a whole being. The stadium will be here long after we all are, and it is literally one of the best in the world, we need to be very proud of all that he's done in that regard and it was never going to be full tilt on the stadium and full tilt on playing staff, we'd have been bust in weeks.
I just think that we have hit a moment when that is under control and he can now, too late for some, really push on with the actual football side of things. Remember Woolwich when they built their stadium? if it wasn't for wenger and his ability to spot a player and coach really well they would have been all over the place.
Anyway we're all here for the same reason, we all love our Tottenham, opinions will vary, but hopefully we all get what we want, proper success and glory, sooner rather than later and I for one, wouldn't mind if it happened under Levy's tenure, I kind of think he deserves it at this stage., and no, I'm not Mrs. Fucking Levy.
 
Just to be clear, Levy has pissed me off rightly over the years, I totally admire loads that he has done, and I detest how tight arsed he's been over the playing staff, and how he's recruited. There are many things wrong about his tenure, and I've wanted him out on lots of occassions, but I do think he has had a masterplan, for the club as a whole being. The stadium will be here long after we all are, and it is literally one of the best in the world, we need to be very proud of all that he's done in that regard and it was never going to be full tilt on the stadium and full tilt on playing staff, we'd have been bust in weeks.
I just think that we have hit a moment when that is under control and he can now, too late for some, really push on with the actual football side of things. Remember Woolwich when they built their stadium? if it wasn't for wenger and his ability to spot a player and coach really well they would have been all over the place.
Anyway we're all here for the same reason, we all love our Tottenham, opinions will vary, but hopefully we all get what we want, proper success and glory, sooner rather than later and I for one, wouldn't mind if it happened under Levy's tenure, I kind of think he deserves it at this stage., and no, I'm not Mrs. Fucking Levy.
Respect everything you posted here, even though I tend to disagree with parts of it.

The thing is, there's no hard evidence to suggest the 'tight arsed approach' you acknowledge is likely to change any time soon. Quite the opposite if we're being honest

The last few years we've witnessed a drastic cost cutting exercise where player wages have been butchered to such an extent that we now invest a significantly lower proportion of our revenue in the playing squad than any other club in any other major league in Europe.

As a result, we're becoming less and less likely to attract the quality of player our history, our heritage and our ticket prices deserve. Small wonder this has coincided with our calamitous slide down the table.

This is the complete opposite to his statement that the new stadium would be a game changer that would allow us to compete with the Elite clubs in Europe. We're not showing any signs of doing any such thing.
This is why I'm so surprised you and others are prepared to take his recent words at face value.

Yes. The stadium is fantastic. But it's equally important to understand that, in the clubs own words, it "was built primarily with NFL in mind, with the ultimate goal of landing an NFL franchise in London" with Spurs described as "merely the Anchor Tennants "

My feeling, shared by many others, is that ENIC used the club and its huge fan base to further their non - footballing ambition. They use footballs global popularity to increase their wealth, and we, the fans, get little back in return while our two bitter rivals strive for footballing success and leave us in the dust.

If ENIC sold up tomorrow, and I mean sold the whole shebang including the stadium to owners who prioritise winning then I would be the first to say "Cheers Daniel. 25 years of pain but 25 years of glory to look forward to thanks to your effort"

Sadly, however, I think he's here for years to come so long as he can keep milking the cow and so long as fans keep swallowing his bullshit.
 
Respect everything you posted here, and I tend to AGREE with lots of it, it's hard not too. There's no doubt he has been overly cautious with the money, but I don't think that's been in a vindictive or too self serving a way, I think it was genuinely with the future stability of the club in mind. I grant you, there's definitely a middle ground where he could have sat himself, somewhere between us, who are the most most cautious and the likes of Everton or Villa, who are at the other end, as far as I remember. But that's the nature of the guy. Personally I just have a feeling that financially we have turned a corner, he can see where he can spend more and better going forward, the new guy being brought in should help with all of that, old board members going etc etc. Looks like he's had enough of the way he's been doing things himself, he was pretty self critical in the interview, and is about to change. I could be a bit too glass half full here but that's where I'm at.
And don't get me wrong, If its more of the same old same old over the next year, I'll be in your corner.
 
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