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Management ENIC

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ENIC In or ENIC Out

  • Total voters
    209
MemphisWill said:
There's nothing to wake up from.

The problem is they do not have the capital to operate a top 4 PL club. It cannot be done in the current football economic reality in a financially sustainable way.

Their idea was to grow commercial revenue and build a stadium so net turnover was in striking distance of United. They did not foresee or account for Chelsea and City changing the game.

Their THFC shares account for 30-40% of ENIC's total value. No other ownership group has more than 10% of their net worth tied up in the football club. The other ownership groups have capital to burn on operating losses that ENIC simply doesn't.

There's no "waking up" from this problem. They just don't have enough money. That was what Levy meant when he said he wouldn't be missed until he was gone. Not that I want him back or indeed believe he deserves praise. But people seriously have underestimated the degree of difficulty of that job.

Its just that ENIC cannot succeed, period. They had a plan. The sands shifted beneath their feet. Until they sell, there's just no hope to be anything other than 4th-8th.

Focus on the cups.
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I'm not disagreeing with your post but just to add another possible perspective;

Maybe the Lewis family are waiting to see what happens with Manchester City, because if they get hit hard for the rule breaches it may have a knock on effect with other clubs being careful, with FFP/PSR, meaning that our club's budget may become more like the norm for a big six club?

Or if City get a relatively small punishment or even get away with it altogether, then the dynamics of the league ain't changing, and the Lewis family may as well sell?
 
HyNdZee said:
There is always a good buyer from an Arab oil nation available. The issue is that they don't feel uncomfortable enough to sell — I'd argue they have already turned down the best offers and will sell for worse offers if we get relegated, come back up, and the fans protest turning up to the stadium.
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No chance... if they didn't accept 4 billion they're not going to accept a number starting with 3... honestly, they've had ample opportunity to sell, they haven't and I still don't think they are anywhere near completing their "project". There are more developments to add around the stadium so that they can maximise revenue when the stadium is being used. I honestly think at some point they will move us out of the stadium because they would prefer not to waste one of the events on a football match where the paying customers detests them. Much better to have another concert or boxing bout where VIP tickets can go for thousands and include your accommodation. Plus they don't have to hear 90 minutes of toxic abuse directed at them. Mark my words. Can see them dumping us in a Brisbane Road and paying off Waltham Forest Council. They already have the Justin Edinburgh stand there so should be an easy enough transition.
 
_mehstg said:
No chance... if they didn't accept 4 billion they're not going to accept a number starting with 3... honestly, they've had ample opportunity to sell, they haven't and I still don't think they are anywhere near completing their "project". There are more developments to add around the stadium so that they can maximise revenue when the stadium is being used. I honestly think at some point they will move us out of the stadium because they would prefer not to waste one of the events on a football match where the paying customers detests them. Much better to have another concert or boxing bout where VIP tickets can go for thousands and include your accommodation. Plus they don't have to hear 90 minutes of toxic abuse directed at them. Mark my words. Can see them dumping us in a Brisbane Road and paying off Waltham Forest Council. They already have the Justin Edinburgh stand there so should be an easy enough transition.
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I get the frustration, honestly I do — everyone can see the ownership’s priorities, and nobody’s pretending the relationship between the fans and the board is healthy. But moving the team out of the Tottenham Hotspur Stadium would be absolutely illogical on every level, even by ENIC’s standards.

1. The stadium was literally built to maximise football revenue.
The entire design — single-tier South Stand, retractable pitch, premium matchday hospitality, NFL configuration — is centred on making Spurs matchdays the biggest money-maker. Football is the only recurring event guaranteed 19+ times a year. Even a stadium packed with concerts can’t replicate that consistency.

2. Non-football events work because Spurs play there.
The concerts, NFL, boxing, and everything else rely on the global name recognition that comes from housing a Premier League club. Tottenham Hotspur Stadium is a prestigious venue because it is the home of Tottenham Hotspur. Move the team out, and suddenly it’s just a big arena in North London with no anchor tenant and no identity.

3. The capital sunk into the stadium only pays off with Spurs inside it.
You don’t spend that much money to build the most advanced football stadium in Europe and then shove your own football club in rented accommodation. From a pure business standpoint, it would be one of the most self-destructive decisions imaginable.

4. “They hate our fans” isn’t a viable reason to move.
Owners of every major club hear abuse. They don’t uproot the team because of it. They don’t sacrifice matchday revenue, brand prestige, season ticket income, hospitality sales, box memberships, and naming rights leverage just to avoid hearing a few chants.

5. Removing Spurs from the stadium would destroy ENIC’s golden goose.
Their entire business model is built on:

  • the club
  • the Premier League
  • the stadium as a premium global venue
    Take the club out, and the value collapses. Everything else — concerts, NFL, events — is supplementary, not primary.
 
enfield1985 said:
I get the frustration, honestly I do — everyone can see the ownership’s priorities, and nobody’s pretending the relationship between the fans and the board is healthy. But moving the team out of the Tottenham Hotspur Stadium would be absolutely illogical on every level, even by ENIC’s standards.

1. The stadium was literally built to maximise football revenue.
The entire design — single-tier South Stand, retractable pitch, premium matchday hospitality, NFL configuration — is centred on making Spurs matchdays the biggest money-maker. Football is the only recurring event guaranteed 19+ times a year. Even a stadium packed with concerts can’t replicate that consistency.

2. Non-football events work because Spurs play there.
The concerts, NFL, boxing, and everything else rely on the global name recognition that comes from housing a Premier League club. Tottenham Hotspur Stadium is a prestigious venue because it is the home of Tottenham Hotspur. Move the team out, and suddenly it’s just a big arena in North London with no anchor tenant and no identity.

3. The capital sunk into the stadium only pays off with Spurs inside it.
You don’t spend that much money to build the most advanced football stadium in Europe and then shove your own football club in rented accommodation. From a pure business standpoint, it would be one of the most self-destructive decisions imaginable.

4. “They hate our fans” isn’t a viable reason to move.
Owners of every major club hear abuse. They don’t uproot the team because of it. They don’t sacrifice matchday revenue, brand prestige, season ticket income, hospitality sales, box memberships, and naming rights leverage just to avoid hearing a few chants.

5. Removing Spurs from the stadium would destroy ENIC’s golden goose.
Their entire business model is built on:

  • the club
  • the Premier League
  • the stadium as a premium global venue
    Take the club out, and the value collapses. Everything else — concerts, NFL, events — is supplementary, not primary.
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They won't move the club out but I am fed up about our support and money being used as leverage for them to enrich themselves by financing additional infrastructure projects.
 
Timberwolf said:
POK was talking about this on Rule the Roost today. He reckons they'll just get sick of all the negativity and anger among the fans and the Lewis kids will sell just to be done with it in a few years.

Think that's fairly plausible in around 2-3 years as you say. But will still depend on there being a viable buyer willing to pay the asking price. I don't think they'd be so desperate to sell they'd undervalue us and sell on the cheap.

If a buyer doesn't coming knocking they could always just do what Joe did, find a new Levy figure to run the entire club and go back into the shadows if they don't want to be in the limelight anymore.
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We had bids apparently from the Middle East previously. I think we would be quite easy to sell given the infrastructure it’s more will they sell for a reasonable price or are they going to price themselves out.

I bet Levy in hindsight would have tried to get the club sold. Will be worth a lot less in the championship is that happens.
 
Timberwolf said:
If anything us failing, going down, will make ENIC cling on for longer.

I think they got rid of Levy and (supposedly) intend to invest bigger in the squad, pay higher wages, cos they want to fatten the goose for a sale. We'd been flailing for a few years under Levy and I think the whole restructure was done with the intention of making us top 4-5 regulars again and competing at the top to increase the value of the club and prep us for a sale.

Last think they want to do is sell low - the worse we are on the pitch the longer ENIC will be here. In fact I doubt they'll sell at all unless we're coming off the back of a strong season or two.
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The mind boggles with regard to those who see the possibility of relegation as a punishment or means to get rid of the incumbent when in fact the opposite is likely.
 
enfield1985 said:
I get the frustration, honestly I do — everyone can see the ownership’s priorities, and nobody’s pretending the relationship between the fans and the board is healthy. But moving the team out of the Tottenham Hotspur Stadium would be absolutely illogical on every level, even by ENIC’s standards.

1. The stadium was literally built to maximise football revenue.
The entire design — single-tier South Stand, retractable pitch, premium matchday hospitality, NFL configuration — is centred on making Spurs matchdays the biggest money-maker. Football is the only recurring event guaranteed 19+ times a year. Even a stadium packed with concerts can’t replicate that consistency.

2. Non-football events work because Spurs play there.
The concerts, NFL, boxing, and everything else rely on the global name recognition that comes from housing a Premier League club. Tottenham Hotspur Stadium is a prestigious venue because it is the home of Tottenham Hotspur. Move the team out, and suddenly it’s just a big arena in North London with no anchor tenant and no identity.

3. The capital sunk into the stadium only pays off with Spurs inside it.
You don’t spend that much money to build the most advanced football stadium in Europe and then shove your own football club in rented accommodation. From a pure business standpoint, it would be one of the most self-destructive decisions imaginable.

4. “They hate our fans” isn’t a viable reason to move.
Owners of every major club hear abuse. They don’t uproot the team because of it. They don’t sacrifice matchday revenue, brand prestige, season ticket income, hospitality sales, box memberships, and naming rights leverage just to avoid hearing a few chants.

5. Removing Spurs from the stadium would destroy ENIC’s golden goose.
Their entire business model is built on:

  • the club
  • the Premier League
  • the stadium as a premium global venue
    Take the club out, and the value collapses. Everything else — concerts, NFL, events — is supplementary, not primary.
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The anchor tenant (football team) is merely the placenta of their vision. Do you think Taylor Swift fans give two fucks about who the anchor tenant is when their watching their icon perform. Take the 19+ event days away from the sitting tenant and that is 19+ other events you can host in the entertainment complex. More NFL, more concerts, more rugby, more sporting finals... all of which produce more revenue than a Sunday afternoon PL match. And if you don't think they can sell those 19+ events then you are very mistaken. Do I think it'll happen, probably not but if you remove emotion from your point of view and consider history, then these things aren't as illogical as you might think...
 
Timberwolf said:
If anything us failing, going down, will make ENIC cling on for longer.

I think they got rid of Levy and (supposedly) intend to invest bigger in the squad, pay higher wages, cos they want to fatten the goose for a sale. We'd been flailing for a few years under Levy and I think the whole restructure was done with the intention of making us top 4-5 regulars again and competing at the top to increase the value of the club and prep us for a sale.

Last think they want to do is sell low - the worse we are on the pitch the longer ENIC will be here. In fact I doubt they'll sell at all unless we're coming off the back of a strong season or two.
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I don’t think they seriously intend to sell. We’re the flagship asset in their entire portfolio, and with the portfolio estimated at around $10–15 billion, we alone make up at least $3 billion of that value. If they sell they get cash but it doesn't increase the value of their portfollio.
 
Tomo said:
Sounds like with Vinai just a case of over promotion same as Lange, same as Thomas Frank. We have put the marketing director as the CEO, the scout as the DoF and the coach as the manager.

Over promotion is a big factor as to why we are now in a relegation battle.


View: https://x.com/rktweets/status/2024785326061879753?s=46&t=Gc6HrWVZT0mtSXU7r8ZBIQ
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It definitely seems more and more like Levy's exit was not something that was planned long in advance. There must have been some form of falling out between him and the junior Lewis'.
 
PointToPatrik said:
It definitely seems more and more like Levy's exit was not something that was planned long in advance. There must have been some form of falling out between him and the junior Lewis'.
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The shower of shit window, and club embarrassment over Eze. And negotiating tactics... That has cost us so many times in the past too.

Got some players in, but still short in many areas especially down the left that has really hurt us.

Hiring Frank.
 
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