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Management Levy / ENIC

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Levy In or Levy Out

  • Total voters
    343
Anyway, all this talk of does he or doesn't he take money out is irrelevant..
Under his stewardship and ENIC's ownership we've become the perennial whipping boys of our to traditional rivals, we no longer compete, haven't even made an FA cup final despite being record winners when he turned up and have become the go to joke of English Football.

The best supported losers in Europe

As a football fan I judge the owners on what we achieve on the pitch. If we were regularly winning silverware the cunt could take as much dough out of the club as he liked.

Very rich OFF the pitch, Very poor ON it

Levy OUT!
 
MCSpurs said:
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.
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Well said 👏

Couldn't have put it better myself. Explains the situation clearly and with clarity, mate.
 
spursmalc said:
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.
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1) like you say it probably won’t happen but there’s are plenty of potential investors who have more than enough money to buy and then invest
2) He’s pretty much said that he’s looking for investment for infrastructure, like the hotel , nothing would change
3) you ‘d hope that this scenario meant he had nothing to do with the footballing side but he can’t be trusted

Hopefully the protests grown & it makes it unpleasant for him to continue. He may just sell the football side but you know as there are so many companies now connected to Spurs that he’d end up fleecing the new club owners

I don’t know what the answer is but the status quo is killing the club & the fan base
 
Brian Fantana said:
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).
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It’s grim. Utterly grim and thoroughly depressing

we probably need three Harry Kane level players to come through the ranks to have any hope of top 4, let alone winning amything

How old is Joe Lewis? Wishing an old man death is not where I want to be but what other hope is there? Nothing will change - rudderless and hopeless under frugal investors who have no ambition to win, just grow their nest egg for another 25 years
 
Furball man said:
1) like you say it probably won’t happen but there’s are plenty of potential investors who have more than enough money to buy and then invest
2) He’s pretty much said that he’s looking for investment for infrastructure, like the hotel , nothing would change
3) you ‘d hope that this scenario meant he had nothing to do with the footballing side but he can’t be trusted

Hopefully the protests grown & it makes it unpleasant for him to continue. He may just sell the football side but you know as there are so many companies now connected to Spurs that he’d end up fleecing the new club owners

I don’t know what the answer is but the status quo is killing the club & the fan base
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It’s not killing attendances yet but I can see it falling off a cliff next season when Son is sold and the PL spectators F off

I guess we will cut memberships to a tenner to
Enable away fans to further infiltrate the home end and make it a neutral sports venue as opposed to a football ground. Better option would be to degrade properly. give away fans the entire South Stand
 
Ange had a point when he said "I've almost lasted two years, which is pretty good for Tottenham. At some point, the club needs to stick to something."
Saying that doesn't help his job security but if he is saying those at the top of the club have a lot of questions to answer he is not wrong.
 
But
Crockett said:
Ange had a point when he said "I've almost lasted two years, which is pretty good for Tottenham. At some point, the club needs to stick to something."
Saying that doesn't help his job security but if he is saying those at the top of the club have a lot of questions to answer he is not wrong.
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It's more like he's still having a go at the supporters who now want him out. If he's also goading Levy it won't end well for him.
 
McCOYS said:
But

It's more like he's still having a go at the supporters who now want him out. If he's also goading Levy it won't end well for him.
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I agree, but I think it's been 18 managers in the 24 years of ENIC (a lot more if you add the caretakers), and Poch did 4 or 5 of those years. It doesn't fill you with confidence that the people at the top know what they are doing.
 
Crockett said:
I agree, but I think it's been 18 managers in the 24 years of ENIC (a lot more if you add the caretakers), and Poch did 4 or 5 of those years. It doesn't fill you with confidence that the people at the top know what they are doing.
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Yes true but we all know this already, he's just making the point to troll us and try and leave undamaged. What the club did before he arrived or will do after he leaves is none of his business, he should be focusing his energy on beating Southampton, not spouting negative shit about the club's past.
 
Teach said:
He’s doing both - he knows he will be sacked so I’m expecting a Conte style melt down blaming the club in the next week. Will probably come on Sunday asssuming we are turned over
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He's in no position to be bad mouthing the club, he's been better backed than other managers, and ones who have much greater standing in the game than he.

If anything the board have been patient with him. He has no grounds to complain or grumble.
 
Teach said:
It’s not killing attendances yet but I can see it falling off a cliff next season when Son is sold and the PL spectators F off

I guess we will cut memberships to a tenner to
Enable away fans to further infiltrate the home end and make it a neutral sports venue as opposed to a football ground. Better option would be to degrade properly. give away fans the entire South Stand
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I believe that it will start & probably already has affected the “ Legacy customer” or whatever they call loyal fans . That’s probably enics dream , a stadium full of tourists & day trippers there solely to have the Premier League experience & not really caring what happens . Fans are becoming an annoyance to them , having the audacity to expect something for what they’re paying for. His statement said as much .

As you say Sonny going will probably bugger up their plans to a point so they’ll have to come up with a new attraction or trick , making membership affordable to anyone will be an option yup , one thing looks set in stone is that it won’t be the football that will bring people flocking
 
Furball man said:
I believe that it will start & probably already has affected the “ Legacy customer” or whatever they call loyal fans . That’s probably enics dream , a stadium full of tourists & day trippers there solely to have the Premier League experience & not really caring what happens . Fans are becoming an annoyance to them , having the audacity to expect something for what they’re paying for. His statement said as much .

As you say Sonny going will probably bugger up their plans to a point so they’ll have to come up with a new attraction or trick , making membership affordable to anyone will be an option yup , one thing looks set in stone is that it won’t be the football that will bring people flocking
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They don't want legacy fans or season ticket holders... they want single tickets purchased by tourists, day trippers and the away team. If Levy is not careful he will take the club into the Championship because like it or not home support does make life tough for the opposition. If our home support dwindles over the next few years due to inability to be competitive then it's the home team who will find it tough when a third of the ground is hardcore away support. That will kill the value of the club and actually might be what we need. A bit of short term pain (embarrassment of relegation) for long term gain (new owners). Forest and Villa have proven you can get relegated and come back stronger. Although we would probably fuck that up.
 
_mehstg said:
They don't want legacy fans or season ticket holders... they want single tickets purchased by tourists, day trippers and the away team. If Levy is not careful he will take the club into the Championship because like it or not home support does make life tough for the opposition. If our home support dwindles over the next few years due to inability to be competitive then it's the home team who will find it tough when a third of the ground is hardcore away support. That will kill the value of the club and actually might be what we need. A bit of short term pain (embarrassment of relegation) for long term gain (new owners). Forest and Villa have proven you can get relegated and come back stronger. Although we would probably fuck that up.
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I don’t think, well actually we all know , bar infrastructure, levy has a long term plan . He panics when the shit hits the fan and will turn any plan on its head , the current situation, once he saw we were fairly safe he doesn’t seem too fussed how crap we are .

No fan wants their team to be relegated but to be honest , Levy , for his neglect & distain of the fans ,deserves it .
 
McCOYS said:
He's in no position to be bad mouthing the club, he's been better backed than other managers, and ones who have much greater standing in the game than he.

If anything the board have been patient with him. He has no grounds to complain or grumble.
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Yes he does. He didn’t get the players he wanted and they’ve brutally slashed the wage bill across his tenure.

He’s a shit coach for sure but make no mistake, it’s underpinned by an even shitter CEO pulling value levers and not leading the club
 
Teach said:
Yes he does. He didn’t get the players he wanted and they’ve brutally slashed the wage bill across his tenure.

He’s a shit coach for sure but make no mistake, it’s underpinned by an even shitter CEO pulling value levers and not leading the club
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He got Vicario, VDV, Maddison, Johnson, Werner, Dragisun Solanke, Odobert, Danso, Gray, Kinsky. That's more than Conte or Mourinho got.

All 11 players he's happy with. he's not complained about not being backed with players. he's complaining about being sacked before his contract is due to end.
 
McCOYS said:
He got Vicario, VDV, Maddison, Johnson, Werner, Dragisun Solanke, Odobert, Danso, Gray, Kinsky.

All 11 players he's happy with. he's not complained about not being backed with players. he's complaining about being sacked before his contract is due to end.
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Tbf mate he ain't gonna turn round and say "I didn't want these players" while he's still employed.
It would be a kick in the groin to all the players involved and would probably lead to an outright revolt
 
Then only thing going dor this club at the moment is the premier league is so poor . The fact that forest are 3rd and Brighton , Bournemouth are in a fight for Europe . Some decent investing and no Europe next season should see us compete for Europa again . Big IFs are can we get next manager right and our recruitment but it won’t take a lot to get us up that table and competing again.
 
John Thomas said:
Tbf mate he ain't gonna turn round and say "I didn't want these players" while he's still employed.
It would be a kick in the groin to all the players involved and would probably lead to an outright revolt
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He got more players than Conte or Mourinho got. He's been backed better than they were, that's why he shouldn't grumble or complain, he's not at their level but still got better backing.

So in comparison he's been backed.
 
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