It's not like he's taking money out of the club, so the only thing you can complain about is him not investing himself/not recklessly investing club money
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Management Levy / ENIC
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I'm still Levy/ENIC in, and this episode of TFC podcast only confirms it.
thefightingcock.co.uk
HOWEVER...
I'm Munn OUT, Ange OUT, Mason (and the rest of the "coaching" staff OUT.
I'm on-the-fence about Lange, ambivalent about Paratici (and the rumors of him off to AC Milan), and suggest that Levy needs to catch a bus to the Cotswolds, take a heroic dose of Ayahuasca, sit with himself, and hire a competent crew to run our football club.
The Fighting Cock - S2E33 | The Price Of Tottenham ft Kieran Maguire | The Lab
https://pscrb.fm/rss/p/traffic.megaphone.fm/COMG6467642652.mp3?updated=1743531078 Kieran Maguire is the go-to voice when it comes to football finance — whether it’s untangling FFP, breaking down club accounts, or explaining how teams like Chelsea can keep spending without (apparently) breaking...
thefightingcock.co.uk
HOWEVER...
I'm Munn OUT, Ange OUT, Mason (and the rest of the "coaching" staff OUT.
I'm on-the-fence about Lange, ambivalent about Paratici (and the rumors of him off to AC Milan), and suggest that Levy needs to catch a bus to the Cotswolds, take a heroic dose of Ayahuasca, sit with himself, and hire a competent crew to run our football club.
He is taking money generated by the club brand and using it to grow non football operations because the risk profile is much lower. Spending 200m on new hotel guarantees regular income. Spending 200m on Mbappe doesn't guarantee Champions Leagues. Improves our chances but doesn't guarantee it. And there in lays the problem. This is not a football club. It's a portfolio of assets.
Don't defend him then
He’s paid himself 50m in salary and bonuses. All money from the fans. 1 trophy in exchange
Maybe not directly but Tottenham have made Levy are very rich man.
This squad is not top 7... its not even top 10. At best we are a 50 point team. 11th - 13th
Yes but he's OUR despicable creature!
He's got the SHITEUS touch!
We don't care about your list sonI'm still Levy/ENIC in, and this episode of TFC podcast only confirms it.
The Fighting Cock - S2E33 | The Price Of Tottenham ft Kieran Maguire | The Lab
https://pscrb.fm/rss/p/traffic.megaphone.fm/COMG6467642652.mp3?updated=1743531078 Kieran Maguire is the go-to voice when it comes to football finance — whether it’s untangling FFP, breaking down club accounts, or explaining how teams like Chelsea can keep spending without (apparently) breaking...
HOWEVER...
I'm Munn OUT, Ange OUT, Mason (and the rest of the "coaching" staff OUT.
I'm on-the-fence about Lange, ambivalent about Paratici (and the rumors of him off to AC Milan), and suggest that Levy needs to catch a bus to the Cotswolds, take a heroic dose of Ayahuasca, sit with himself, and hire a competent crew to run our football club.
I would never defend the little shit but have always gone back at posters saying he takes money out of the club but on reflection he sort of does by paying himself inflated salary and bonuses because he can.
KM is the go to guy but in an interview in which he was talking about finance he just confirmed what Levy is doing but did admit that Levy's way is unlikely to yield honours.
KM is the go to guy but in an interview in which he was talking about finance he just confirmed what Levy is doing but did admit that Levy's way is unlikely to yield honours.
I'm still Levy/ENIC in, and this episode of TFC podcast only confirms it.
The Fighting Cock - S2E33 | The Price Of Tottenham ft Kieran Maguire | The Lab
https://pscrb.fm/rss/p/traffic.megaphone.fm/COMG6467642652.mp3?updated=1743531078 Kieran Maguire is the go-to voice when it comes to football finance — whether it’s untangling FFP, breaking down club accounts, or explaining how teams like Chelsea can keep spending without (apparently) breaking...
HOWEVER...
I'm Munn OUT, Ange OUT, Mason (and the rest of the "coaching" staff OUT.
EVERYBODY OUT!!!!!!
Except for the man who appointed them all.
Lol
As a business owner, you don't take money out that you don't need, as it keeps an inflated balance sheet so that when you sell the club on a multiple i.e. 3-5 times it's current net worth, because of the buyer paying something for the future revenue generation that you already created, then instead of paying tax on the dividends that you take out, you keep it in and gain 3-5 times the amount of that cash (that you kept in) from the sale. Levy keeps on about 'not taking money out' but it's because it's worth his while not to, for when the club is sold. It's that simple and it's him using smoke and mirrors when saying it.
I keep seeing Ange is Levy's shield from all the ire and criticism. No, the longer Levy keeps Ange, the earlier he will go down with him. I wouldn't expect Levy doesn't know. The noise is too loud to be ignored. He must have something planned after the season is over with some major announcements I reckoned.
Based on his recent waffle, no change to strategy - the doom cycle continues
Same CEO, no changes to execs, no external investment and same player recruitment eg mirroring Brentford and BHA for young, value based kids
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Yeah this is much more likely. Over two decades of experience with them points to exactly this. Fine to hope it won’t be that though, but I can’t see it. Investment or sale wasn’t mentioned once by him in his statement this year (because they’ve decided to raise funds for the hotel externally from the club presumably because they decided they didn’t want to give away any equity just like they haven’t since they’ve owned the club).
Munn pushed for and appointed his countryman Ange, he’s not unaccountable here and IMO is very quiet. For someone running the overall football operations based on this season alone I have no confidence, same with Lange and his recruitment. We need experience and leaders.
To the point I'm wondering does he even exist.
When we talk about investment what are people expecting?
1 ENIc sell up and walk away but the cost of the purchase would be high and would the new owner have any money left for the club to use.
2 ENIC sell some of their shares to an investor but maintain control and Levy stays. As payment for the shares goes to ENIC no benefit to the club.
3 ENIC issue new shares to an investor with the proceeds going to the club and thus being available for player purchases and transfers. However I would expect ENIC and Levy to still have control. One off benefit but underlying problems would remain.
I have only heard Levy saying he is trying to attract investment and thus the first option which most want is not on the table. I have not seen any indication as to whether it is option 2 or 3 that Levy wants. Levy does not control ENIC and we really have no idea what they want.
1 ENIc sell up and walk away but the cost of the purchase would be high and would the new owner have any money left for the club to use.
2 ENIC sell some of their shares to an investor but maintain control and Levy stays. As payment for the shares goes to ENIC no benefit to the club.
3 ENIC issue new shares to an investor with the proceeds going to the club and thus being available for player purchases and transfers. However I would expect ENIC and Levy to still have control. One off benefit but underlying problems would remain.
I have only heard Levy saying he is trying to attract investment and thus the first option which most want is not on the table. I have not seen any indication as to whether it is option 2 or 3 that Levy wants. Levy does not control ENIC and we really have no idea what they want.