It is such a major change for the good. How many times have we said over the last twenty years that if levy was in charge of sacking himself he’d have gone about 20 times!
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It is such a major change for the good. How many times have we said over the last twenty years that if levy was in charge of sacking himself he’d have gone about 20 times!
Club announces the appointment of Eric Hinson to the Board
The Club is pleased to announce that Eric Hinson, a former senior executive within the global aviation and aerospace sectors, will be joining the Board as a Non-Executive Director.www.tottenhamhotspur.com
Another appointment. Going to need a bigger boardroom table if we keep this up
Another person with extensive footballing experience!
Who gives a fuck what he did in the navy!?!?
Hinson only non-exec so won't be spending that much time at the club, apart from Dalgleish and Liverpool how many clubs have anyone with football management or playing experience on their boards?
When the next accounts are released will we still have the highest paid director in the Premier League , now Levy has gone can't see Vinae being paid over £3 mill.
When the next accounts are released will we still have the highest paid director in the Premier League , now Levy has gone can't see Vinae being paid over £3 mill.
Another person with extensive footballing experience!
Who gives a fuck what he did in the navy!?!?
Can we have an ERIC out thread?
Just the sort of pick me up that we've needed after a couple of disappointing performancesClub announces the appointment of Eric Hinson to the Board
The Club is pleased to announce that Eric Hinson, a former senior executive within the global aviation and aerospace sectors, will be joining the Board as a Non-Executive Director.
Another appointment. Going to need a bigger boardroom table if we keep this up
I shall now go into my day with a spring in my step
Yes the removing of Levy was very odd to say the least, and very shady.
And i don't think we as a fanbase should put much hope on the January window. Players of real class are never available in January.
It'll pay off a good portion of the transfer debt, transfers aren't made in one payment, so if the club keep getting those cash injections it means it can get better players. paying for them over a period of time, probably the length of their initial contracts.
The club can't be paying big money for more average players though. like is has been, so if anything the occasional £100m will also help pay for salaries over our usual limit. It's the way to get better players.
If it's just going to be a one off payment every 10 years or so then it's not going to achieve much. So it depends but I read an article a few weeks ago that this cash injection is just the start. I can't see where the money is going to be raised from though. Most of Lewis' money is apparently tied up in business ventures, shares, and whatnot, and it's not good business to sell any of that to spend on expensive footballers.
Apparently this £100m that has been announced is coming from manipulating shares in the club, I don't know if that can be repeated frequently.
Imagine if all of the board grouped together does?
Lads, he flew a F/A 18 Hornet
This is big
This is big
Aside from the cash injection where 100m is nowhere near enough.
The big thing for me is, are ENIC willing to take a loss on selling the mediocre players we have? Because that's what we will get offered from any club willing to take them off us.
If we want to improve the squad now, it means doing the hard thing and selling for a loss. Then investing whatever we get in sales plus injection to get better quality profile players.
It already has been. It's not really manipulation, but just a 'quid pro quo'
If we both own an object, and you don't want to put money into it, I ask for more of a share in return for my investment.
The alternative (and more crooked way) would be the typical PL majority shareholder way of 'loaning' the money to the club, expecting it to be repaid (often at a profit, sometimes not).
Which is 100% of why those "owner investment" charts don't mean the altruism that people have so often wanted to demonstrate in here
My guess is that when the next round of club financials are released highest paid director in PL certainly in comparison to club revenue will be at Brighton, currently on £3.1 million, lot of money for zero trophies.
The Brighton and Hove Albion Football Club Limited
Directors' remuneration
Notes forming part of the financial statementsfor the year ended 30 June 2024
Directors' emoluments
The highest paid director received remuneration of £3,195,000 (2023 - £2,368,000).
This remuneration included base salary and both performance-related and long-term loyalty bonuses.
Which is the Man Utd situation
Basically like a table read for Cocoon 2 and they're paying themselves £8m to run the club into the abyss
And long may it continue.Which is the Man Utd situation
Basically like a table read for Cocoon 2 and they're paying themselves £8m to run the club into the abyss
In reality, 1 guy doing the jobs of 3 people and earning £3m is better than 7 people earning £8m for the job of leeching
TBH I don't know how these investments work but it just seems like ENIC have bought shares from minority shareholders, but the minority shareholders haven't been paid for those shares, rather the value of those shares is being put into the football club for transfers, salaries, and whatnot. So the minority shareholders have picked up the tab by losing some of their shares to put extra funds into the club. ENIC are as wealthy as they were before that transaction.
That's what I meant when I used the word 'manipulation' but I'm happy to be corrected if you know better.
No, the minority shareholders have not changed their share value.
Simpler model:
Someone who owned 1% of the club in 2001 had £1m in shares, and let's say today that 1% is now worth £10m. It's a healthy return for doing nothing. Club is now worth £1bn overall.
If there were 100 people with 1%, none of those shareholders would put £100m of their own money and expect nothing back.
Bob owns 1% and decides to put in £100m of his own money. That £100m now increases the company value by £100m, so the club is now worth £1.1bn. Bob now owns 10% of the company (£10m in shares + £100m investment / £1,100m total), and there's £990m of shares still left.
That means the 99% still have £10m each worth of shares.
I'm saying that ENIC own more of the football club now after the £100m cash injection, hence the minority investors own less. That minority investors reduction has effectively created the £100m. The club's value hasn't increased because the £100m is going to be spent on players and whatnot.
It's written on this website. The section is titled ''Ownership Power Play'',
''While fans focus on transfer potential, the bigger story may be within the club’s ownership structure. ENIC’s injection now means that their stake in the club has risen from 86.91% to 87.62%.''
More than money: What ENIC’s £100m injection really means for Spurs
The injection arrives just weeks after a quiet but monumental change
thefightingcock.co.uk
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I am lucky enough to work for a Global technology company operating in over 200 countries, and am in a position where I present to the board regularly (as an employee / executive subject matter expert in a specific area). A successful board usually has about 10-12 members:Club announces the appointment of Eric Hinson to the Board
The Club is pleased to announce that Eric Hinson, a former senior executive within the global aviation and aerospace sectors, will be joining the Board as a Non-Executive Director.
Another appointment. Going to need a bigger boardroom table if we keep this up
- Non-Executive Chair (for us it's Peter Charrington)
- Executive CEO (for us it's Vinai)
- Executive CFO (for us it's Matthew Collecott performs this role but is a finance director rather than a CFO)
- 6 - 8 Non Executive Directors (NEDs)
I would expect us to have a collection of NEDs who have specialist knowledge and experience in one of the following types of areas:
- Football administration and regulation
- Football scouting and transfers
- Medical (sport specific)
- Commercial revenue
- Marketing
- Communications
- Sponsorship deals
- Property management
- Football finance
