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Management Levy / ENIC

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Levy In or Levy Out

  • Total voters
    353
AberdeenYid said:
Where does the profit go though? Two decades now and the only money coming out of the club is Levy’s salary, granted a very good one. But no dividends. No sign of money coming out for non-football projects that don’t then lead to money coming back in. What is the point of making all this profit that everyone thinks we have swilling around the place?

All it would be is us offering tens of millions a year to the tax man. We shouldn’t want to make profits, certainly not a very high one, unless we pay dividends, which we don’t. So do we just have a bank account with a massive amount of money in it doing nothing?

Maybe we have got a couple of hundred million to spend this summer, but just want to spend it on the right players. Ones that the manager and scouting team are agreed on. Almost certainly players already at a high level if we feel they would improve us, so probably players who are quite settled where they are, and therefore more difficult to sign.

Would we rather get our first choice in the last week of the window, or our second choice now, or our third choice in July? I know which I’d prefer.

But maybe I’m wrong in all this. Maybe the guys who own the club and seem to have no wish to sell it, are just stockpiling cash for no reason at all.
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Most companies pay shareholders dividends, I presume Spurs do too , I’ve no idea but with the vast majority of shares being owned by ENIC / Levy I presume they get a tidy sum. We’ve since found out that water companies give out dividends even when they make a loss

I’ve not really looked into Levy or ENIC for ages as it’s kind of pointless, we know what they do & their business is property development, I feel the team is an afterthought, just keep it chugging along with no risk

I think if you look at the rise of Levy’s worth over 20 odd years . It’s gone from 10’s of millions to half a billion . I’m not saying that he’s skimming £ but I’d suggest that he’s made that off the back of THFC
 
Furball man said:
Most companies pay shareholders dividends, I presume Spurs do too , I’ve no idea but with the vast majority of shares being owned by ENIC / Levy I presume they get a tidy sum. We’ve since found out that water companies give out dividends even when they make a loss

I’ve not really looked into Levy or ENIC for ages as it’s kind of pointless, we know what they do & their business is property development, I feel the team is an afterthought, just keep it chugging alone with no risk

I think if you look at the rise of Levy’s worth over 20 odd years . It’s gone from 10’s of millions to half a billion . I’m not saying that he’s skimming £ but I’d suggest that he’s made that off the back of THFC
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Yeah you are right, they are property developers not football people.
But in fairness, levy did say that, they were in it for financial reasons only, so he was upfront about it from the start.
 
skywalker68 said:
Yeah you are right, they are property developers not football people.
But in fairness, levy did say that, they were in it for financial reasons only, so he was upfront about it from the start.
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They don’t take dividends really or skim like the Glazers.

My issue is their blind spot to invest and gamble at certain times is down to their vast vested interest. It’s not a retail business that requires super careful risk free decisions as a default. Pay over the odds from time to time, take calculated risk when the situation requires it
 
Zomb said:
They don’t take dividends really or skim like the Glazers.

My issue is their blind spot to invest and gamble at certain times is down to their vast vested interest. It’s not a retail business that requires super careful risk free decisions as a default. Pay over the odds from time to time, take calculated risk when the situation requires it
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Agree but, they won't or don't do it, much to the frustration of every fan and manager.
 
skywalker68 said:
Yeah you are right, they are property developers not football people.
But in fairness, levy did say that, they were in it for financial reasons only, so he was upfront about it from the start.
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I think that’s were most of the frustration lies. Yup he did say it from day one so you can’t say he didn’t warn us but it’s the near misses , the in capability of pushing on , there’s been countless occasions. Most of us follow the football and it’s hard to get excited about hotels , golf clubs or NFL
 
Zomb said:
They don’t take dividends really or skim like the Glazers.

My issue is their blind spot to invest and gamble at certain times is down to their vast vested interest. It’s not a retail business that requires super careful risk free decisions as a default. Pay over the odds from time to time, take calculated risk when the situation requires it
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I do wonder if the Tanguy deal affected this . But then again that was down to woeful research on the player . It was known since he was a kid that he was a lazy sod
 
Furball man said:
I think that’s were most of the frustration lies. Yup he did say it from day one so you can’t say he didn’t warn us but it’s the near misses , the in capability of pushing on , there’s been countless occasions. Most of us follow the football and it’s hard to get excited about hotels , golf clubs or NFL
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They have turned us into a money making machine no question, but we achieve next to nothing, everyone laughs at us.
 
Furball man said:
Most companies pay shareholders dividends, I presume Spurs do too , I’ve no idea but with the vast majority of shares being owned by ENIC / Levy I presume they get a tidy sum. We’ve since found out that water companies give out dividends even when they make a loss

I’ve not really looked into Levy or ENIC for ages as it’s kind of pointless, we know what they do & their business is property development, I feel the team is an afterthought, just keep it chugging along with no risk

I think if you look at the rise of Levy’s worth over 20 odd years . It’s gone from 10’s of millions to half a billion . I’m not saying that he’s skimming £ but I’d suggest that he’s made that off the back of THFC
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We don’t pay dividends. Haven’t done for many years. Think we did once in the early days of ENIC, but can’t recall precisely when.

And yes, ENIC isn’t a football only operation. Just like the owners of every other club in the league. Their main goal is to invest in projects they can eventually flip for a profit. Presently we are a very expensive club that doesn’t win anything and the only way we can become more expensive is to win stuff. Or we can be an easier sale by dropping to the lower half of the table, but be worth less. I’d say we are trying manfully to do the former.

I see you also mentioned hotels, golf clubs and NFL. All profit making enterprises that will help us buy better players, pay larger wages, etc. One would hope anyway.
 
Check Companies House people, our owners have never ever taken dividens from the club, this argument comes up all the time and it's debunked so many times.
 
Shadydan said:
Check Companies House people, our owners have never ever taken dividens from the club, this argument comes up all the time and it's debunked so many times.
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Like I said I didn’t know , there’s so many sub companies in the THFC infrastructure it’s a head fuck to look into where the money goes but what’s clear is people have made money off the back of the football club

AberdeenYid said:
We don’t pay dividends. Haven’t done for many years. Think we did once in the early days of ENIC, but can’t recall precisely when.

And yes, ENIC isn’t a football only operation. Just like the owners of every other club in the league. Their main goal is to invest in projects they can eventually flip for a profit. Presently we are a very expensive club that doesn’t win anything and the only way we can become more expensive is to win stuff. Or we can be an easier sale by dropping to the lower half of the table, but be worth less. I’d say we are trying manfully to do the former.

I see you also mentioned hotels, golf clubs and NFL. All profit making enterprises that will help us buy better players, pay larger wages, etc. One would hope anyway.
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We were kind of promised this once the stadium was built .

I don’t really lose any sleep over THFC & ENIC anymore . It used to wind me up , I’m still not a fan but there’s more important things in life
 
Shadydan said:
Check Companies House people, our owners have never ever taken dividens from the club, this argument comes up all the time and it's debunked so many times.
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But they will when they take a huge profit after selling.

They have probably already borrowed against the value of their stake in the club as well and then made money on what they invested that into. That’s how people get rich enough to own football clubs,

You aren’t seriously suggesting that because they haven’t taken dividends they are just interested in Tottenham Hotspur from the good in their hearts?
 
Furball man said:
Most companies pay shareholders dividends, I presume Spurs do too , I’ve no idea but with the vast majority of shares being owned by ENIC / Levy I presume they get a tidy sum. We’ve since found out that water companies give out dividends even when they make a loss

I’ve not really looked into Levy or ENIC for ages as it’s kind of pointless, we know what they do & their business is property development, I feel the team is an afterthought, just keep it chugging along with no risk

I think if you look at the rise of Levy’s worth over 20 odd years . It’s gone from 10’s of millions to half a billion . I’m not saying that he’s skimming £ but I’d suggest that he’s made that off the back of THFC
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As a shareholder, I can confirm that they don't.
 
Richard Arlison said:
But they will when they take a huge profit after selling.

They have probably already borrowed against the value of their stake in the club as well and then made money on what they invested that into. That’s how people get rich enough to own football clubs,

You aren’t seriously suggesting that because they haven’t taken dividends they are just interested in Tottenham Hotspur from the good in their hearts?
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I love the way you argue, just throw a complete straw man into a conversation as if I was suggesting any of that 😆

To answer though OF COURSE they're gonna make a profit after selling, that's literally how business works, they're an investment company, its nothing ground breaking.

No one buys football clubs to not make an eventual profit unless you're money laundering or sports washing.
 
Shadydan said:
I love the way you argue, just throw a complete straw man into a conversation as if I was suggesting any of that 😆

To answer though OF COURSE they're gonna make a profit after selling, that's literally how business works, they're an investment company, its nothing ground breaking.

No one buys football clubs to not make an eventual profit unless you're money laundering or sports washing.
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Then cool.
 
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