Management Levy / ENIC

[MCSpurs]

I think the bottom line here is that Levy / Spurs could compete financially with other clubs, but there isn't the ambition to be a successful football club only a successful business.

The fact that many teams above us in the league can do better with lesser resources and cheaper players, shows that the club, from owner, down through scouts, transfer decision-makers, the manager, the coaches, and many of the players, is the worst it's been for years. The people at the top remain wholly responsible for that - it's their ship to steer.

It's tough to think that I was 18 when we were last in an FA Cup Final, and now that I'm 52, Levy has had many years to make it better, to build something and to put a smile on our faces, and yet here we are, in a weak premier league season of many inconsistent teams, with Palace getting to the final, and us, as usual, floundering.

Deciding that the stadium was more important than the team, is something we may never recover from.

 

[John Thomas]

I think the bottom line here is that Levy / Spurs could compete financially with other clubs, but there isn't the ambition to be a successful football club only a successful business.

The fact that many teams above us in the league can do better with lesser resources and cheaper players, shows that the club, from owner, down through scouts, transfer decision-makers, the manager, the coaches, and many of the players, is the worst it's been for years. The people at the top remain wholly responsible for that - it's their ship to steer.

It's tough to think that I was 18 when we were last in an FA Cup Final, and now that I'm 52, Levy has had many years to make it better, to build something and to put a smile on our faces, and yet here we are, in a weak premier league season of many inconsistent teams, with Palace getting to the final, and us, as usual, floundering.

Deciding that the stadium was more important than the team, is something we may never recover from.

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Top post

Your first paragraph sums our situation up perfectly

 

[John Thomas]

Our versions of doing a “ Leeds” is much like our football , slow and laborious with no end product

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'doing a Leeds' without spending the money.

How Spursy would that be

 

[PointToPatrik]

Deciding that the stadium was more important than the team, is something we may never recover from.

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This is just me guessing with no real sources. But I assume that Levy's plan after the stadium was built was to become more of a hands off chairman in regards to the football, as much as it goes against his micromanaging nature. But the hiring of Paratici and later Munn, Lange and now Vinai makes me think that he may just want to have to say yes or no to things like a yearly budget at this point and focus on his real estate empire.

It was kinda working under Fabio. But clearly hasn't under Munn. Lange seems to be a fine scout but bad negotiator for this level. Which makes the hiring of Vinai sensible on paper since this is someone that at the very least understands the Premier League.

 

[The Absolute GOAT]

I think the bottom line here is that Levy / Spurs could compete financially with other clubs, but there isn't the ambition to be a successful football club only a successful business.

The fact that many teams above us in the league can do better with lesser resources and cheaper players, shows that the club, from owner, down through scouts, transfer decision-makers, the manager, the coaches, and many of the players, is the worst it's been for years. The people at the top remain wholly responsible for that - it's their ship to steer.

It's tough to think that I was 18 when we were last in an FA Cup Final, and now that I'm 52, Levy has had many years to make it better, to build something and to put a smile on our faces, and yet here we are, in a weak premier league season of many inconsistent teams, with Palace getting to the final, and us, as usual, floundering.

Deciding that the stadium was more important than the team, is something we may never recover from.

Click to shrink...

 

[Son Spurs]

Just catching up with the financial reports from The Athletic. Pretty ironic how being frugal has caught up with us and ended up costing us money. Almost as if building a competitive team that can compete in Europe every season is a good business decision, and filling the squad with low wages midtable tier players is a bad one.

 

[Rebrov_Likes]

Just catching up with the financial reports from The Athletic. Pretty ironic how being frugal has caught up with us and ended up costing us money. Almost as if building a competitive team that can compete in Europe every season is a good business decision, and filling the squad with low wages midtable tier players is a bad one.

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It’s the usual story from Levy. Trying to save pennies ends up costing the club pounds. Instead of spending 700’m on the last five years on low wage punts, we could have spent 300m on three top players who matched Kane and Son’s wages and had a proper go under Conte.

 

[A Tuba]

I think the bottom line here is that Levy / Spurs could compete financially with other clubs, but there isn't the ambition to be a successful football club only a successful business.

The fact that many teams above us in the league can do better with lesser resources and cheaper players, shows that the club, from owner, down through scouts, transfer decision-makers, the manager, the coaches, and many of the players, is the worst it's been for years. The people at the top remain wholly responsible for that - it's their ship to steer.

It's tough to think that I was 18 when we were last in an FA Cup Final, and now that I'm 52, Levy has had many years to make it better, to build something and to put a smile on our faces, and yet here we are, in a weak premier league season of many inconsistent teams, with Palace getting to the final, and us, as usual, floundering.

Deciding that the stadium was more important than the team, is something we may never recover from.

Click to shrink...

I don't think that Levy can match other clubs' spending. He's not rich at all by owner standards. Lewis could compete but the ownership structure mitigates against it.

 

[Furball man]

I don't think that Levy can match other clubs' spending. He's not rich at all by owner standards. Lewis could compete but the ownership structure mitigates against it.

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What’s the ownership structure that means Lewis can’t compete ?

 

[PointToPatrik]

What’s the ownership structure that means Lewis can’t compete ?

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I think that his wealth isn't exactly cash heavy so much as it is tied up in investments/real estate stuff.

Levy is definitely not cash rich enough to financially compete at the top.

 

[Furball man]

I think that his wealth isn't exactly cash heavy so much as it is tied up in investments/real estate stuff.

Levy is definitely not cash rich enough to financially compete at the top.

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As most people in real estate / investment do . They get bank loans off the back of their holdings , it enables them to avoid tax & gives them collateral

Most billionaires do this , Musk bought twitter doing this . Lewis / his trust could inject money if he wanted, as could levy but they’re fact is they’re not interested .

 

[Tomo]

I don't think that Levy can match other clubs' spending. He's not rich at all by owner standards. Lewis could compete but the ownership structure mitigates against it.

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If Levy and Joe wanted to match other clubs spending they could

1 issues shares of 10%, with a value of £4bn of the club so £400m. I.e bring in investors.

2 make sure we had a decent scouting operation then invest heavily in the players assets.

3 be more successful in the league and get back in Europe

4 generate more money via Europe and sponsorship from doing well. Maybe win a cup.

5 see the club value increase probably making up for the share dilution.

They won’t do this as investing in players is higher risk. Sometimes it works and sometimes it doesn’t. There is no gamble with stadiums or training grounds.

 

[Teach]

If Levy and Joe wanted to match other clubs spending they could

1 issues shares of 10%, with a value of £4bn of the club so £400m. I.e bring in investors.

2 make sure we had a decent scouting operation then invest heavily in the players assets.

3 be more successful in the league and get back in Europe

4 generate more money via Europe and sponsorship from doing well. Maybe win a cup.

5 see the club value increase probably making up for the share dilution.

They won’t do this as investing in players is higher risk. Sometimes it works and sometimes it doesn’t. There is no gamble with stadiums or training grounds.

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The weird, lispy, tiny, meek bald creature has zero leadership qualities. He’s completely incapable of any form of inspiring or motivating - think back to his ridiculous story on Amazon about failing his GCSE’s….. he selected that bit, thats him at his best

If nothing else changed other than him going missing, we would massively improve.


I don’t disagree with your points btw

 

[Kane you believe it]

Question for those unhappy with that song being played at our stadium (even though it had nothing to do with football and the place was probably full of non Spurs fans) - when the Euros come round and Germany play France at the stadium, will you have a similar problem hearing the national anthems being played and the place bedecked in their national flags?

I couldn’t give a shite about either scenario, just wondering where the line is drawn.

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This is an unusual thing for a spurs fan to defend.

A Woolwich troll song about north london isn't the same as a national anthem is it given the history of the two clubs.

 

[Teach]

Membership renewal emails sent out today

 

[AberdeenYid]

This is an unusual thing for a spurs fan to defend.

A Woolwich troll song about north london isn't the same as a national anthem is it given the history of the two clubs.

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I’m not defending it. Just not letting it raise my blood pressure and wondering where the “how dare Levy allow this” line is drawn. Odd to me that people have been so offended by it.

 

[JimothyCF14]

I’m not defending it. Just not letting it raise my blood pressure and wondering where the “how dare Levy allow this” line is drawn. Odd to me that people have been so offended by it.

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If a boxing match was held at Celtic Park could you imagine a boxer coming out to "Follow Follow" while the stadium was lit up blue?

Sunshine of Leith while Tynecastle is lit up Green?

Could you imagine Hot Shot Tottenham or Glory Glory being belted out by the Emirates?

Absolutely not.

It's a little thing maybe, but the little things are just piling up. Would it resonate as much if we were doing well? Probably not. But there's a perception that ENIC have well and truly pushed Spurs down the list of priorities and things like this just fuel it.

I'm not spitting feathers but I'm highly unimpressed that this was allowed.

 

[MemphisWill]

As most people in real estate / investment do . They get bank loans off the back of their holdings , it enables them to avoid tax & gives them collateral

Most billionaires do this , Musk bought twitter doing this . Lewis / his trust could inject money if he wanted, as could levy but they’re fact is they’re not interested .

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I've posted in detail and length about it before, but the reality is that Spurs ownership group is not capitalized and diversified nearly as much as any of the other top 6 clubs' ownership groups are.

Almost the entirety of Levy's net worth is Spurs. Nearly 40% of Lewis' net worth is Spurs. They don't have access to the capital that ownership of Liverpool, United, and Woolwich (or even Villa) do - much less City and Chelsea. Unfortunately - even Everton's new ownership group surpasses them in value and liquidity (and has better golf courses to boot).


That doesn't mean they couldn't have, and couldn't still, spend more than they do. Spurs are run as a self-sustaining endeavor, but they could accept financial losses in order to increase spending to accelerate the rebuild of the club to more competitive levels.

I feel like if it were Levy's decision to make, he probably would. He has labored day in and day out at the club for 20 years and watched more football that any chairman and most supporters over that time. I think its unreasonable to believe he's done and continues to do so if all he cares about are the finances.

Lewis, however, has only ever viewed Tottenham as an appreciable asset and always demonstrated an unwillingness to accept financial losses to move the club on.


Either way, ENIC could do more - yes. But it's incorrect to imply they have similar access to capital as their competitors. They are the footballing equivalent of "house poor". This is why the outside developments are such a focus for ENIC - they desperately need to diversify.

 

[Furball man]

I've posted in detail and length about it before, but the reality is that Spurs ownership group is not capitalized and diversified nearly as much as any of the other top 6 clubs' ownership groups are.

Almost the entirety of Levy's net worth is Spurs. Nearly 40% of Lewis' net worth is Spurs. They don't have access to the capital that ownership of Liverpool, United, and Woolwich (or even Villa) do - much less City and Chelsea. Unfortunately - even Everton's new ownership group surpasses them in value and liquidity (and has better golf courses to boot).


That doesn't mean they couldn't have, and couldn't still, spend more than they do. Spurs are run as a self-sustaining endeavor, but they could accept financial losses in order to increase spending to accelerate the rebuild of the club to more competitive levels.

I feel like if it were Levy's decision to make, he probably would. He has labored day in and day out at the club for 20 years and watched more football that any chairman and most supporters over that time. I think its unreasonable to believe he's done and continues to do so if all he cares about are the finances.

Lewis, however, has only ever viewed Tottenham as an appreciable asset and always demonstrated an unwillingness to accept financial losses to move the club on.


Either way, ENIC could do more - yes. But it's incorrect to imply they have similar access to capital as their competitors. They are the footballing equivalent of "house poor". This is why the outside developments are such a focus for ENIC - they desperately need to diversify.

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Lewis worth is around $77b , there’s plenty of wiggle room in there to raise capital but like you said & I also said , they’re not interested .

Levy has laboured, yup & his value has risen from around £40m , I believe , to £400m. What we’re seeing football-wise is failure for personal gain .

 

[AberdeenYid]

If a boxing match was held at Celtic Park could you imagine a boxer coming out to "Follow Follow" while the stadium was lit up blue?

Sunshine of Leith while Tynecastle is lit up Green?

Could you imagine Hot Shot Tottenham or Glory Glory being belted out by the Emirates?

Absolutely not.

It's a little thing maybe, but the little things are just piling up. Would it resonate as much if we were doing well? Probably not. But there's a perception that ENIC have well and truly pushed Spurs down the list of priorities and things like this just fuel it.

I'm not spitting feathers but I'm highly unimpressed that this was allowed.

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I suppose I can get its place in the general downward spiral of the club. But I’ve to really push myself to see it as having anything to do with us. We rented the stadium out to a non football event, so it’s got little to do with us shipping four goals to Wolves. To me, just another in the long line of things that either doesn’t matter, or is untrue about our ownership.

Plenty of reasons to want them out over and above this.