But you've put up an example to suit your narrative. Obviously with option 2 in the longer term we would get more than 190m profit in the longer term as CL winners.
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Management Levy out?
- Thread starter Honest John
- Start date
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I certainly did. That’s why I asked where the line is. At what point do we prioritise profit over trophies or vice versa. I only ask because apparently we need one of then above all else.
Every business I’ve worked for aim for several targets at once. Maybe client satisfaction %, staff satisfaction %, staff exams passed, number of certifications by clients, etc. Rarely I’ve worked for anyone who value profit as the priority as this leads to behaviour that puts money above all else. Have other priorities that will lead to the the behaviour that will lead to more money.
Everything he posts is spinned to suit his narrative.
Of course most clubs operate as a business and plan to make a profit. But when your profit margin is higher than everyone else's and your 20 year trophy haul is less than everyone else's, you would think he may see the legitimacy in asking questions of the owners priorities.
Apparantly not, so it seems.
Levy had no idea, we were going to reach the final, when we did all his christmases came at once. He just wants to build a team to get top 4, that's it. The rest of it is down to the manager having to squeeze blood out of a stone.
We used to take serious piss out of Woolwich for exactly this sort of thing.
I'm guessing pipes ribbed into them more than anyone.
Now we're mimicking their business model, albeit without the trophies, it's become something we should all be proud of!
Brilliant point!We used to take serious piss out of Woolwich for exactly this sort of thing.
I'm guessing pipes ribbed into them more than anyone.
Now we're mimicking their business model, albeit without the trophies, it's become something we should all be proud of!
Frankly, anyone on here saying “Levy thinks this”, or “Levy only cares about that” haven’t a fucking clue what they are talking about. Nor do I when I say I am sure he wants to win trophies as well as make money.
What I am sure about is if any of us were lucky enough to sit in a board strategy meeting, we’d see more than a whiteboard with MORE MONEY written on it and hear more in-depth strategy than Levy saying CH-CHING over and over again.
Even the smallest one man businesses don’t have one priority, they have a number of targeted areas to improve. It’s extreme stupidity to think otherwise.
What I am sure about is if any of us were lucky enough to sit in a board strategy meeting, we’d see more than a whiteboard with MORE MONEY written on it and hear more in-depth strategy than Levy saying CH-CHING over and over again.
Even the smallest one man businesses don’t have one priority, they have a number of targeted areas to improve. It’s extreme stupidity to think otherwise.
That had very little to do with my quoted post, but there we go. So what you are saying is, our chairman wants some profit, but not more profit? He wants the money we get for getting to the CL, but not the extra money for winning it? I‘m not sure why I’m even having to ask these things.
He wants as much profit as possible and yes he would like to win the CL but my point is he is not prepared to put the money in to do that.
As has been pointed out to you many, many times there is a brand new, state of the art, world class stadium to pay for.How do you justify ENIC paying less in wages and transfer fees as a % of turnover compared to every single other Premier League club?
Particularly in light of us having the highest paid CEO, the highest recorded profit margin, the highest average ticket price in world football, and the most barren 2 decades in the clubs history.
Yeah, it's all about trophies, iñnit mate
Not one brick
A stadium that massively increases revenue net of debt service.
The debt service would take a nibble out of that gap, but just a nibble. And the debt service will be a long-long term commitment. There will be different terms to retire it surely, but 25-30 years for a great deal of it.
People who make claims about how there is some short-term belt tightening involved are talking abject shit and should be completely ignored. Period.
I think levy's bonus should have gone towards new players for starters. But yeah if levy/enic are doing all they can to win us stuff then obviously they have failed. But way more likely is that top 4 & being profitable are their main objectives.
Spot on dude
Dude spot on,we've got him he's 4ft 11 and all that dough is giving him man boobs .
But the debt was only put into long term commitment this year, hence not investing in players until this was realised. Therefore we were able to spend over £100m (if you inc. LoCelso) this summer and give players improved contracts. Hopefully we will have a decent level of spending going forward.
This stadium has been planned for years and the revenues to pay for it also had to be planned for.
Anyone who doesn't realise that this would have a short term impact on signings, new contracts etc are talking out of their arse.
As would have always been the plan.
If you're saying we faced a liquidity crisis when stadium was delayed beyond its scheduled opening, I agree with you, that's clearly what happened.
What you're missing is that for a business of Spurs' size owned by a multi billionaire to default on critical future investments because of a foreseeable cash crunch is mismanagement on an unimaginable scale.
Yep, agree with that which is why Levy is making sure that never happens.
Just did a Danny on this stuff and:
This from April 2019
Tottenham post world-record £113 million profit
Tottenham Hotspur made a world-record profit of £113 million after tax last year, the Premier League club reported on Thursday -- the day after they officially opened their new 62,000-seater stadium.
www.reuters.com
"LONDON (Reuters) - Tottenham Hotspur made a world-record profit of £113 million after tax last year, the Premier League club reported on Thursday — the day after they officially opened their new 62,000-seater stadium. "
And the in the summer we spend over £100m
Tottenham Hotspur - All transfers
This page shows all ever transfers of the Tottenham, including arrivals, departures and loans. It also displays the transfer fees.
| Tanguy Ndombélé | Olympique Lyon | £54.00m |
| Ryan Sessegnon | Fulham | £24.30m |
| Giovani Lo Celso | Real Betis | Loan fee: £14.40m |
| Jack Clarke | Leeds | £9.90m |
| Jack Clarke | Leeds | End of loan |
| Cameron Carter-Vickers | Stoke City | End of loan |
| Michel Vorm | Without Club | - |
| £102.60m |
Which, it appears bares out what I've been saying, i.e. Profit of £113m so we can then spend £103m on players along with improved contracts for existing players.
Yes it has, levy is a billionaire now because of Spurs.
Can you post a link that shows that THFC profits (not his salary)have gone to Levy and made him a billionaire ?
