• The Fighting Cock is a forum for fans of Tottenham Hotspur Football Club. Here you can discuss Spurs latest matches, our squad, tactics and any transfer news surrounding the club. Registration gives you access to all our forums (including 'Off Topic' discussion) and removes most of the adverts (you can remove them all via an account upgrade). You're here now, you might as well...

    Get involved!

Management ENIC

Latest Spurs videos from Sky Sports

ENIC In or ENIC Out

  • Total voters
    209
CJJ said:
My view is that Joe Lewis isn't interested in funding the rebuilt of spurs to the top of the pyramid, and never was.

I also hold the view that there was an ulterior motive for DL, and probably some convincing manipulation to put all their eggs in one basket - including telling JL that buying out Sugar was so totally about making some cash in the PL, and just totally coincidental that it was their local team. "No, I'm not emotionally motivated Joe - it's just for the money".

Kind of tactic I choose when I'm trying to convince the Mrs that a hot-tub is a good investment, as we only need to fill it up once instead of a bath that we have to empty each time
:moursmall:
Click to expand...
Click to shrink...
In 1997 football was a ''money spinner'' for ENIC/Levy, and in 2001 it wasn't.

Is that what the guys that are debunking the really think?

If you answer I'll reply in the morning I really need to sleep now.
 
AberdeenYid said:
Honestly don’t want to go through this all night. Don’t care that much.

But yes, the passage posted does begin and end with Rangers because that’s what it’s about. Of that, there’s absolutely no doubt.

If you want to extrapolate that to other clubs, thirty years later, that’s all good. Once again, we will all read into this what we want to.
Click to expand...
Click to shrink...
So do you believe that Levy during his tenure at Spurs has been driven by footballing glory or personal enrichment?
If the answer is driven by glory you make a fair point , if the answer is driven by personal enrichment then the Rangers comment is simply a leopard not changing its spots now at Spurs
 
McCOYS said:
In 1997 football was a ''money spinner'' for ENIC/Levy, and in 2001 it wasn't.

Is that what the guys that are debunking the really think?

If answer I'll reply in the morning I really need to sleep now.
Click to expand...
Click to shrink...

No - the concept is that it isn't mutually-exclusive for ENIC to be a functioning investment company that aims to get a ROI, whilst being ran by someone who genuinely loves the club and wants it to do well.

That, my friend, is 100% of the point in this and every other post on the subject.

There's not a single club in the PL that is any different. Based on this list we have the 12th richest owners in the league but no one points out how the guys above us in that list only put money into their clubs (if at all) with interest repayable
 
Ed Vanderlay said:
So do you believe that Levy during his tenure at Spurs has been driven by footballing glory or personal enrichment?
If the answer is driven by glory you make a fair point , if the answer is driven by personal enrichment then the Rangers comment is simply a leopard not changing its spots now at Spurs
Click to expand...
Click to shrink...
I think he wants us to be successful, but doesn’t want to risk too much to achieve that. But that’s purely opinion. I’ve no idea what motivates the man.

All this comes down to is that passage has nothing to do with us, unless anyone feels inclined to put their own spin on it.
 
Levy has put himself in a strange position saying he needs to win the Premier League and wants to win the CL. Almost as if he wants the pressure that Ange had last season in order to finally succeed? I don't know. But it is kind of hard for me to feel anything but neutral about the revolving door of first team coaches now.
 
SpursDNA said:
The club isn’t a PLC (publicly listed) so the accounts don’t go into a lot of detail. So it’s impossible to provide proof through the accounts.

But c’mon where do you think the money for the real estate pre-development is coming from (getting the planning permissions, architectural plans, feasibility studies, legal documents, etc) ? And where is/will the equity for construction come from? Father Christmas?


See page 29 - “Other Operating Expenses -£161,367”’ (in thousands) - there’s no detail. Presumably the £163.3 million covers everything from player meals to the architectural fees paid to the our team members F3.

Page 22 -Cash flow from “Acquisitions of property, plant and equipment” = negative £“(43,000) (in thousands” - What is that?? 43 million quid spent for training cones?

Hard to tell much from these Accounts but if you can make heads or tails of it mate - Please let us know.
Click to expand...
Click to shrink...
Some of money no doubt spent on the new coaches centre finished at end of 2023 so presumably shown in these accounts also planning for the Women's team centre and building of the media centre, apart from that the only the financial director can explain all the detail.

The Coaches Wing – F3

f3architects.com f3architects.com

The Clubhouse – F3

f3architects.com f3architects.com

Whitewebbs Park – F3

f3architects.com f3architects.com
 
HyNdZee said:
Levy has put himself in a strange position saying he needs to win the Premier League and wants to win the CL. Almost as if he wants the pressure that Ange had last season in order to finally succeed? I don't know. But it is kind of hard for me to feel anything but neutral about the revolving door of first team coaches now.
Click to expand...
Click to shrink...
I think, if every chairman was asked, they would all say they want to win both league and CL.
Levy though, isn't prepared to do what it takes in order to achieve it.
He wants to win it on the cheap and that isn't going to happen, you need better players on better money and we don't do that.
 
Levy does wanna win the league, he didn't say when though

Think About It GIF by Identity


Matte of priority first for ENIC, hotels first then focus on the team after.

Just gotta hold on for a few more years yet...😆
 
So that brief bit of excitement 3 weeks ago when it looked like there might be something happening with Cullen going and rumours about Collecott have come to an end then. Fuck all in the transfer market and new buildings. Business as usual. He's never leaving and highly unlikely we'll ever get any investment as he'll always ask for too much money. Its his fiefdom and we're all stuck with it. Good luck Thomas.
 
I believe he is wrong to say he wants to win the PL & CL and Not mention other trophies. We should be aiming to win a major trophy as often as possible. Major trophies are PL, FACup,League cup, CL, Europa & Conference. Look at the joy of supporters when we won the Europa. By just targeting the PL & CL we are going back to failing to win anything. We have to be realistic. Whilst no one wants the poor PL season we have just seen, binning the 2 domestic cups that we have a more realistic chance of winning this season will as happened so often in the past mean we end up with nothing.
 
Ed Vanderlay said:
Levy realising he said he wants to win the PL and CL and trying to explain it to Lewis .


Arrested Development Mistake GIF
Click to expand...
Click to shrink...
It is an interesting question about whether Levy wouldn’t mind loosening the purse strings but Lewis as the ultimate decision maker won’t let him.

Of course, there’s also the incompetence - our transfer business since the 18 month embargo under Poch has been nothing short of abysmal - and our managerial appointments have not been fit for purpose - and that’s all on Levy.
 
CJJ said:
No - the concept is that it isn't mutually-exclusive for ENIC to be a functioning investment company that aims to get a ROI, whilst being ran by someone who genuinely loves the club and wants it to do well.

That, my friend, is 100% of the point in this and every other post on the subject.
Click to expand...
Click to shrink...
I said something about that already in the thread but didn't use the terms that 'Levy loves the club' or 'ROI'

McCOYS said:
it does seem as though they are using the sport as a money spinner as stated in the article, Even though Levy goes to matches and supports the team by attending matches. He can do both, ie support and use the club for making money, and does IMO.
Click to expand...
Click to shrink...

The point was to highlight that Levy/ENIC are actually doing something at Spurs, that was mentioned in the piece about Rangers. So the article is relevant to Spurs, even though the club wasn't mentioned at the time, the behaviour carries through.

As for ROI it's much more than that. as far as revenue is concerned. Levy is the highest paid chairman in the PL.

Here's quotes from The Mail;

''A UEFA report has revealed Tottenham make the most money per match of any club in the Premier League.....

...As calculated by financial expert Kieran Maguire, Spurs make €5.6m (£4.8m) every matchday when taking into account gate revenue and money spent by fans at games, while also deducting how much it costs clubs to host matches.''

In my view it's money spinning from the most popular sport in the world, as the quote attributed to Levy in the excerpt from the article that I have been discussing. So the piece in question can be used to highlight Levy's/ENIC's intentions when they came into Spurs in 2001, and their behavior thereafter with things like ramping up ticket prices and reducing the wage bill, all the while giving himself a handsome pay rise, the sort of things that have actually and eventually triggered large protests from the supporters to get him and ENIC out of the club.

It was there to be read in 1997 when their previous time at a football club was reported upon.

I think if I keep discussing this issue it's just going to keep going around in circles and I don't have anything else to add that I haven't already said, so I don't see any value in continuing the discussion.
 
Last edited:
AberdeenYid said:
I think he wants us to be successful, but doesn’t want to risk too much to achieve that. But that’s purely opinion. I’ve no idea what motivates the man.

All this comes down to is that passage has nothing to do with us, unless anyone feels inclined to put their own spin on it.
Click to expand...
Click to shrink...

I think the evidence is overwhelming that this is the case. Unfortunately for us, to be successful in football as an owner on the pitch you can’t be risk averse at all. Plus you have to put your own money in, which ENIC refuse to do even though they’ll get it back when they sell. They have always been short term thinkers, add in a bit of greed and arrogance and that’s the last 25 years.

It’s why they need to go and have done for a while. But they seemingly have no intention of doing so.
 
Brian Fantana said:
I think the evidence is overwhelming that this is the case. Unfortunately for us, to be successful in football as an owner on the pitch you can’t be risk averse at all. Plus you have to put your own money in, which ENIC refuse to do even though they’ll get it back when they sell. They have always been short term thinkers, add in a bit of greed and arrogance and that’s the last 25 years.

It’s why they need to go and have done for a while. But they seemingly have no intention of doing so.
Click to expand...
Click to shrink...
They’ve a hotel and residential towers to build off the back of the club and fans - so unfortunately they’re going nowhere …
 
Last edited:
You must log in or register to reply here.
Back
Top