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Management Levy / ENIC

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Levy In or Levy Out

  • Total voters
    351
Teach said:
Sell a % stake to grow the business then and actually try and achieve something of note
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They've reportedly try this every couple of years. Levy even says that they are always open for outside investors (even if that is just him playing lip service). But it always seems to die out because Levy doesn't want to give up control and overvalues the stake that they want to sell.

Levy seemingly struggle to give up control is a hurdle that has to be overcome.
 
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PointToPatrik said:
They've reportedly try this every couple of years. Levy even says that they are always open for outside investors (even if that is just him playing lip service). But it always seems to die out because Levy doesn't want to give up control an overvalues the stake that they want to sell.

Levy seemingly struggle to give up control is a hurdle that has to be overcome.
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Or they overvalue - poss both

Something has to give. They must realise the luck has run out now
 
Tomo said:
They won’t do that, let’s say they issue share for 10%. We get £400m from investors and increase wages and transfer and in 3-4 years get multiple top 4s, win an FA Cup and be in a title race and grow the overall value of the club by £500m as now we have a successful team to go with the successful infrastructure, obviously then it’s a net win.

However we could spend the money on shit players and overall ENIC will have then a net loss of value, they have diluted shares but only marginally grown the overall value. Players are a risk, might work to grow might not. Infrastructure isn’t.

We are property development company with a football club attached to it.
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Yes, this is how I see it too, and the quality of the players we have previously bought has probably scared off the ENIC lot into doing anything that relies on future bought players living up to expectations. They must be sick of the money they have spent on a lot of dross.

For example, I appreciate that Solanke has a lot of qualities, but Solanke, Richarlison, and N'Dombele, are 3 players that total well over £200m with wages. There's really not a lot of return had from those investments, and so the ENIC mobsters will probably still be anchoring their better memories to what Kane did, what he cost, and what they sold him for, hoping that they can buy cheap, get a winner and sell large, later. If you think of the majority of our signings over the past few years, it's still been mostly young, unproven players, often sent out on loan. It's them all over.
 
Tomo said:
They won’t do that, let’s say they issue share for 10%. We get £400m from investors and increase wages and transfer and in 3-4 years get multiple top 4s, win an FA Cup and be in a title race and grow the overall value of the club by £500m as now we have a successful team to go with the successful infrastructure, obviously then it’s a net win.

However we could spend the money on shit players and overall ENIC will have then a net loss of value, they have diluted shares but only marginally grown the overall value. Players are a risk, might work to grow might not. Infrastructure isn’t.

We are property development company with a football club attached to it.
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Yeah fair. There is risk in the first scenario, no real risk in property development so I concur
 
MCSpurs said:
Yes, this is how I see it too, and the quality of the players we have previously bought has probably scared off the ENIC lot into doing anything that relies on future bought players living up to expectations. They must be sick of the money they have spent on a lot of dross.

For example, I appreciate that Solanke has a lot of qualities, but Solanke, Richarlison, and N'Dombele, are 3 players that total well over £200m with wages. There's really not a lot of return had from those investments, and so the ENIC mobsters will probably still be anchoring their better memories to what Kane did, what he cost, and what they sold him for, hoping that they can buy cheap, get a winner and sell large, later. If you think of the majority of our signings over the past few years, it's still been mostly young, unproven players, often sent out on loan. It's them all over.
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Ndombele is the only time we went big on a transfer wages plus fee and that was a donkey. However it would be the wrong lesson for ENIC to use that to say no more as you need to get elite players.
 
Teach said:
Or they overvalue - poss both

Something has to give. They must realise the luck has run out now
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Oh they/Levy definitely overvalue. They expect any investor to buy a minority stake for a majority price. But within getting any control over the actual football.

Levy is a god damn conundrum because there probably is a part of him that's been trying to become more hands off after the stadium was completed so that he could just do the real estate bit. That's why we went for Paratici in the first place. A established football guy that Levy trusted to handle the football. But then he got banned so Danny boy had to come back to be hands on until we pivoted to the Munn and Lange duo, which has obviously failed so now he's had to be hands on again (granted I think that Lange as a scout/head of scouting is the least of our worries).

He seems to want to be less hands on. But there is also clear evidence of him being very much into micro managing and wanting to be involved as well.
 
John Thomas said:
Oh wow! Just......WOW!

What an absolutely ridiculous comparison.

The gooner anthem booming around our stadium as the whole place is lit up in red .......being likened to the national anthems before an international match!!!!!

I'm still finding hard to rationalise I actually read this post on a Spurs forum :thumbdown:
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It was a question, not a comparison, calm your tits. Did I say that both things were alike?

As for your over emotional “wow” bullshit, it’s weird you were doing your usual passive aggressive laughing emojis on posts I made following on from this one. But the original post has made you gasp in surprise and astonishment? Twelve hours later?

Two things:

1. It was a song played in a building. Grow up.

2. Everyone can see through your bullshit. We all know you’re a shit stirring cunt. You can stop any time you like.
 
AberdeenYid said:
It was a question, not a comparison, calm your tits. Did I say that both things were alike?

As for your over emotional “wow” bullshit, it’s weird you were doing your usual passive aggressive laughing emojis on posts I made following on from this one. But the original post has made you gasp in surprise and astonishment? Twelve hours later?

Two things:

1. It was a song played in a building. Grow up.

2. Everyone can see through your bullshit. We all know you’re a shit stirring cunt. You can stop any time you like.
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Finally put that troll on ignore!

Can imagine what you're replying to. Kudos for still engaging
 
It’s the faux outrage that gets me.

As I said, responded to posts I’d made following on from the original, but the original then made him clutch his pearls half a day later? Guys an actor and not a very good one. He’ll get some likes though, so his day will be fulfilled.
 
MemphisWill said:
You missed a period in there, for the record.

His Forbes net worth is $6.9B. He owns 70.12% of ENIC who own 86.58% of Spurs, so Lewis owns 60.7% of Spurs.

Spurs are valued by Forbes at $3.2B. Lewis' stake in Spurs is worth $1.94B. This represents 28% of his net worth. This share has decreased a good bit since the last time I ran these figures when it was well over 30%.

Still, you will not find another majority shareholders of a Top 6 club whose net worth is so largely tied up in their football club. I can't think of another owner I've run those numbers for (previous post on this topic gave results for all top 6 clubs and Villa I believe), and I don't recall one having more than 10% of their net worth tributary to their stake in the football club.

So, again, Lewis is very rich. Yes. But they still don't have access to the capital that our competitors do, nor the ability to absorb the same losses our competitors can. They can do more, absolutely, but its still a mischaracterization to attest that it's anything like equal footing. ENIC is also very illiquid, and their biggest asset, Tottenham Hotspur FC, is already heavily leveraged with stadium construction debt (at great interest rates - don't bring up any bollocks, the stadium is a revenue positive to the club even with the debt).
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More evidence that the game really is passing them by. Not that we really needed it.
 
John Thomas said:
Oh wow! Just......WOW!

What an absolutely ridiculous comparison.

The gooner anthem booming around our stadium as the whole place is lit up in red .......being likened to the national anthems before an international match!!!!!

I'm still finding hard to rationalise I actually read this post on a Spurs forum :thumbdown:
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Like I said, club's fucked.

Any such comment (with people also agreeing to it) would have been unthinkable years ago.

It's gone, mate.
 
B-0-Sspurs said:
What a depressing read. So glad though that ENIC confirmed at the time that we could not stay at the old white hart lane as we would get left behind by other clubs…..

The new stadium will allow us to compete with the other top clubs.

For so called business people they have royally fudged our club
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If we're not going to try to fucking advance as a club, then I'd give anything to have our old ground back.

Proper atmosphere, proper fans. Away fans did NOT like coming to WHL.
 
AberdeenYid said:
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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Get Off Shut Up GIF by CBS




I'm going to qualify the rest of what I'm about to say with the fact I'm not as bothered about the boxing incident as others...

But a gooner came into our house and as a deliberate act of shithousery, took a proverbial dump on our priceless rug.

The stadium being used for the Euro's and any generic country playing their national anthem, which is basically mandatory is absolutely irrelevant.
If they show up in Woolwich shirts, stick 2 fingers up to all 4 corners of the ground and play north london is red, then we'll chat.
 
The Absolute GOAT said:
If we're not going to try to fucking advance as a club, then I'd give anything to have our old ground back.

Proper atmosphere, proper fans. Away fans did NOT like coming to WHL.
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That ground wasn't always that loud though, there were times under previous managers where the atmosphere was terrible.

I think people always say this because they're holding onto memories of the final season where we went unbeaten, the very likelihood is that if we were at that ground this season we'd still be hearing the same atmosphere because the team wouldn't be doing well therefore there's no connection with the fans.
 
Shadydan said:
That ground wasn't always that loud though, there were times under previous managers where the atmosphere was terrible.

I think people always say this because they're holding onto memories of the final season where we went unbeaten, the very likelihood is that if we were at that ground this season we'd still be hearing the same atmosphere because the team wouldn't be doing well therefore there's no connection with the fans.
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Of course there were days when the atmosphere sucked. That would apply to pretty much any team, anywhere.

But it was generally far more intimidating than the new ground and I stand by that view.
 
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