We do want them out, yes.
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Management ENIC
- Thread starter The Fighting Cock
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Yes, we do. But no investment company sells an asset worth £3b for half that. If we go down, they’ll have to hold on until we get back up.
That was my point friend
And that's the most galling thing of all... We HAD our moment to take advantage of the windfall....
Founder members of the PL.... Cup holders going into 1992... We had everything set up....
Then Sugar sugared.... We haven't really been the same since....
There's a degree of wisdom in this, but it must be said that Spurs ability to generate revenue, and thus raise the denominator for FFP/PSR calculations, is miles and miles beyond Newcastle's operating in a smaller stadium they don't own in a much smaller and less prosperous market.
"Owners can plunge a fair bit of money into their clubs, but only so long as it bears some relation to their revenue" is, in theory, about as favorable of a rules regime as Tottenham could have.
Kinda livid that Levy's sacking might have spared his blushes somewhat. With the exception of perhaps binning Frank earlier (based on his usual MO), this entire mess is a consequence of his running of the club over the last few years.
If we go down, it should have been the final condemnation of him but instead he'll paint some false narrative about how we misjudged him.
If we go down, it should have been the final condemnation of him but instead he'll paint some false narrative about how we misjudged him.
Eh, I don't really think that's true. This is the state he left us in. A dead parrot in a golden cage.
I do think anyone with sense can see it, but it would just be undeniable if he was still in his post. Seen plenty of people trying to wash their hands of the situation in interviews (once NDAs are expired)
I mean, if the unthinkable happens that's a long-term historical matter where the blame from going to a Champions League final to the Championship in 7 years can only rest in one place.
And to the extent we recover from here and find new success, that's building from the disgraceful state Levy left us in.
The only credit history is ever going to grant Levy is that he made Tottenham a money-spinner, and that's credit he's perfectly deserving of. He neglected to build a football club worthy of the financial empire he built around it. That's the legacy.
Because nation states owning clubs and running them at a financial loss is what is destroying the sport and threatens the future of every club in the world.
ENIC selling up completely resolves it but; I will always see Levy as the main reason Spurs are where we are.
ENIC without Levy are in a worse position now than when ENIC with Levy took over in 2001.
In my opinion.
We were all glad that Sugar sold up at the time but Levy ran Spurs in exactly the same way as Sugar.
Even Simon Jordan has stated this.
TBF, we had miles of room. Our PSR ceiling is rapidly eroding, with our 2nd in 4 seasons without European football loading next season (barring an absolute miracle).
Well we're already ruined anyway so lets bring everyone else down with us.
Maybe. Although that would take us regaining our place as a regular top 6 club.
ENIC have neither the desire, the will or even the means to achieve that.
And I don't think relegation would diminish the value of the club as much as some people seem to think.
Imagine if we stay up and ENIC stick around. We'll be facing this purgatory for season after season.
I'm actually coming round to the argument that relegation will be the painful punch in the face necessary that leads to long term glory under new ambitious ownership
I previously thought this, but after giving this a watch I think they'd be in a lot of trouble if we went down and didn't spring back up. Our revenue streams would be hit so badly I can't imagine the club valuation not taking a sizeable dent, and all signs are that ENIC's hypothetical asking price has been a sticking point for any potential buyers already.
View: https://youtu.be/ksMmfxat9Nk?si=Y9qJXBd3iAm3UJdk
It is absolutely criminal what they have done to this club, 2 trophies in 25 years, squandered a genuine chance to win the league, leached every penny out of the fans, focused all their efforts on a stadium with an interest only mortgage, all whilst trying to do everything on the cheap and now relegation is genuine threat at odds of 9/2 (down from 40/1 at Xmas!!!!!) following 2 wins in how many since Everton away? Champagne PR, sparkling water ambition.
No more lies, no more empty promises and no more ENIC!!!!!!
GET OUT OF THE CLUB YOU LYING GREEDY FRAUDSTERS!!!
No more lies, no more empty promises and no more ENIC!!!!!!
GET OUT OF THE CLUB YOU LYING GREEDY FRAUDSTERS!!!
I wouldn't bank on it, sadly.
But the valuation will go down and down the longer we're in the Championship. Which is why I believe (or at least hope) they'd take a smaller hit at the first opportunity.
I honestly don't think relegation would put a serious buyer off. They would still see the long term potential.
The debt is fixed low interest about £30m per season, even in the championship we can cover that with concerts, NFL and match day tickets. We will obviously have to sell the likes of Romero and VDV. If the club went bust ENIC would be fucked, they would almost certainly sell to the Middle East if that happened to get some money for it to prevent that.