ENIC

[Libero]

I think generally they have done a very good job. Some decisions like Jol/Ramos which have been discussed to death were if nothing else, damaging for the clubs reputation and should have been handled differently. On the whole, I think its difficult to deny that they have done a pretty good job with us. They took over in 2001 and within the period to date we have qualified for the Champions League once and just missed out through bad luck if you like on 3 other occasions. We have been in the Europa League/Uefa Cup for 6 seasons, reached three league cup finals, winning one and reached 2 FA Cup Semi finals without reaching a final.

On that basis we could have with a bit more of a gamble from the board, possibly have turned a couple of those near misses into positives which would have enhanced our reputation and it is this area I think that we need to look at from the board over the next couple of years. I am generally happy with how we are run but I would like us to just be a little bit more willing to throw some money at a potential signing out of the blue rather than being as reserved as we have been over the last few years. I think if we had gone out and decided to gamble the money outlayed on a striker that was really worth his salt in the last couple of seasons then i think we would have got Champions League both times and that then pays for itself.

 

[Pandy]

OK there is progress being made by all the drawings and the land purchases.. but lets be honest the slowness its all happening at is like what has happened so far has come from the Tottenham copper jar.. and adds suggestion that they don't really want to do this out of there own pocket but have too because they set the ball rolling...back in 2008. As I've said we needed this done and started 2 years ago. It seems like they want to do this with the least amount of money input on their part.. but still be rewarded with a Billion pound asset. Similar to the Glazers... and I say fudge off to that, you had your chance, time to get someone who will give the club a interest free loan of 200m with us paying back every penny of that 200m over the next 15 years. I am sick of waiting.

1) How long did it take to get planning permission? And don't forget we had that whole Olympic Stadium debacle to set us back too. These things take time.
2) It is nothing like the Glazers.

 

[markysimmo]

lets not forget we have won 1 cup in 13 years under them, is that a measure of success!

but 6 top 5 finishes in 8 years with the smallest ground and lowest revenue out of our competitors, thats massively impressive !!!

 

[africanspurs]

ENIC and levy are fantastic

i think people just want a sugar daddy but one that doesnt make spending so heinous....or a more careless board owner that likes throwing money around every summer

we are a well run club. competing every year....

 

[Yiddo]

They have done a fantastic job and we are 1 of the best run clubs in the country IMO.

But we are an investment and when the new Stadium is built im 75% certain that we will be taken over by a sugar daddy.

 

[braineclipse]

OK there is progress being made by all the drawings and the land purchases.. but lets be honest the slowness its all happening at is like what has happened so far has come from the Tottenham copper jar.. and adds suggestion that they don't really want to do this out of there own pocket but have too because they set the ball rolling...back in 2008. As I've said we needed this done and started 2 years ago. It seems like they want to do this with the least amount of money input on their part.. but still be rewarded with a Billion pound asset. Similar to the Glazers... and I say fudge off to that, you had your chance, time to get someone who will give the club a interest free loan of 200m with us paying back every penny of that 200m over the next 15 years. I am sick of waiting.

So you no longer think that Levy is doing the stadium plans just as a way to appease the fans? Just that it's going slowly because Lewis doesn't want to invest his own personal money in the stadium?

What is the value of a £200m interest free loan to be paid back over 15 years? Just so that I can know what it is you're asking for here.

Edit: Come to think of it I also disagree completely with your comparison to the Glazers. Yes Lewis and Levy are looking to make money long term from owning Spurs, like the majority of owners of football clubs I think. The difference between Lewis and the Glazers is the way the Glazers took over United by piling debt onto the club. By doing so they themselves carried very little of the risk involved. There is a considerable financial risk involved in investing in a football club, that risk is fairly carried by Lewis (and Levy) in our case. We've consistently improved and grown under them, but that's not a given for an owner at all.

A much more apt comparison would be with the previous owners of Manchester United.

 

[jts1882]

The idea that Levy is doing the stadium to appease the fans doesn't stand up to the mildest scrutiny. A few announcements and some pretty pictures, plus the acrimony of the OS bid, when he could have spent the same money* on a couple of headline players. Two £30m players would have gone much further along the appeasement route, but would have been a short-term fix.

-------------------
* I'm assuming the recent debt is what they say it was for, namely purchasing properties and plans, so estimating £60-80m spent on the stadium so far.

 

[billyiddo]

They have done a fantastic job and we are 1 of the best run clubs in the country IMO.

But we are an investment and when the new Stadium is built im 75% certain that we will be taken over by a sugar daddy.

I honestly don't think there's an incentive for another sugar daddy to join the Premier League (with the intention if fighting it out at the very top) there's too much competition for them to compete with meaning they'll have to spend more and more money just to keep up with the others, with no guarantee of success. What we'll see is more leagues begin to attract these kinds of owners, France now have two, Russia and the Ukraine also have some

 

[metalgear]

i am happy with their job both on and off the pitch. the culture, spirit, teamwork, professional attitudes, the pragmatic fiscal management, the academy...if there was a best run club award I'm sure we would win it.

 

[Superhudd]

1) How long did it take to get planning permission? And don't forget we had that whole Olympic Stadium debacle to set us back too. These things take time.
2) It is nothing like the Glazers.

Of course things take time.. when your elongating the process when you have to put your own money on the table.

For me the end game of both the Glazers and Enic is the same. To aquire an asset or improve that asset with as little input of there own in terms of there own money, despite holding the club back because of it. Glazers do it by using the clubs profits to buy the club.. Enic are doing it by using the clubs intake of money to build itself a better asset.

That's business for you

For me the stadium could have been underway had Joe Lewis used his own money as a loan to us/Tottenham Hotspur instead of Levy looking to banks and other ways. Its ridiculous that we have a Billionaire owner who won't put in 200m with us giving it back.. every penny back. What is the point of a Billionaire owner.. the fans might as well own the club with Levy in charge. Lewis has pretty much been pointless to us as a club owner, I'm not asking for 30m players fudge that, we'll leave that to the Russian and Arab gobbricks who play like its a poker game for 10p. I just would like us to get a helping hand when its needed and get the stadium done.

I think Levy has done a superb job for us as a club and like everyone else feel lucky we have him, as for Joe Lewis.. he is a waste of space.

 

[Superhudd]

The idea that Levy is doing the stadium to appease the fans doesn't stand up to the mildest scrutiny. A few announcements and some pretty pictures, plus the acrimony of the OS bid, when he could have spent the same money* on a couple of headline players. Two £30m players would have gone much further along the appeasement route, but would have been a short-term fix.

-------------------
* I'm assuming the recent debt is what they say it was for, namely purchasing properties and plans, so estimating £60-80m spent on the stadium so far.

Wouldn't it be nice if that debt was taken on by good old Joe instead of incurring interest charges and when the new stadium is built we could then pay it back.

They probably have a deal with the bank on the interest charges.. 6% say.. 6% on 80m is 4.8m a year... SWEET!

 

[Spursalot]

Wouldn't it be nice if that debt was taken on by good old Joe instead of incurring interest charges and when the new stadium is built we could then pay it back.

They probably have a deal with the bank on the interest charges.. 6% say.. 6% on 80m is 4.8m a year... SWEET!

It would be nice.


It would however not make financial sense for Lewis to do so.

 

[Superhudd]

It would be nice.


It would however not make financial sense for Lewis to do so.

Obviously.. What is the point of him as an owner then. Like I said.. I don't want the 30m players if the club cannot afford them.. but it tinkles me off the small things like what I say about the interest.

IMO if we had the same fiscal prudence with Levy as Chairman and Abramovich as owner, then this stadium would nearly be finished by now.

 

[Spursalot]

Obviously.. What is the point of him as an owner then. Like I said.. I don't want the 30m players if the club cannot afford them.. but it tinkles me off the small things like what I say about the interest.

IMO if we had the same fiscal prudence with Levy as Chairman and Abramovich as owner, then this stadium would nearly be finished by now.

And if my aunty had balls..



I'm not going to sit here and state that Lewis should spend his money to benefit spurs as a club unless it makes financial sense for him to do so.


Why? Because i despise the handout culture. That's the base of my point of view and that's where it'll stay.

 

[braineclipse]

Wouldn't it be nice if that debt was taken on by good old Joe instead of incurring interest charges and when the new stadium is built we could then pay it back.

They probably have a deal with the bank on the interest charges.. 6% say.. 6% on 80m is 4.8m a year... SWEET!

You do realize that this would effectively cost Lewis £4.8m per year? And that with you asking for an interest free loan of £200m that's well over £10m using your calculations as the basis. And that would tie up £200m for Lewis, money that would otherwise make him money so counting the opportunity cost it would probably cost him significantly more than that per year...

Not much difference between what you're asking and asking for the owner to fund a £30m player imo.

 

[Superhudd]

And if my aunty had balls.

I'm not going to sit here and state that Lewis should spend his money to benefit spurs as a club unless it makes financial sense for him to do so.

Why? Because i despise the handout culture. That's the base of my point of view and that's where it'll stay.

So what your saying its alright for Enic to take advantage of us, but not the other way

 

[Superhudd]

You do realize that this would effectively cost Lewis £4.8m per year? And that with you asking for an interest free loan of £200m that's well over £10m using your calculations as the basis. And that would tie up £200m for Lewis, money that would otherwise make him money so counting the opportunity cost it would probably cost him significantly more than that per year...

Not much difference between what you're asking and asking for the owner to fund a £30m player imo.

Interesting when interest rates are near zero

Besides as stated, he gets a bigger better asset at the end. That's his payoff

 

[braineclipse]

Interesting when interest rates are near zero

Are you saying that Lewis could give the club an interest free loan that would save the club £10-15m per year without it costing him anything?

 

[Spursalot]

So what your saying its alright for Enic to take advantage of us, but not the other way

I think it's perfectly fine for ENIC to benefit from spurs by selling us on for a profit in the future. Why?


Because the only way they would succeed in selling spurs for a profit is if during their tenure here they had improved the value of the club.



It's a mutually beneficial way of business.

 

[Superhudd]

Put it this way.. the new TV deal should bring in an added 25m.. add to this the naming rights and improved matchday income.

Lets give this a conservative estimate at 40m a YEAR. I think its more... much more considering the Goons supposedly get 1m+ more a game than us.

2012 Matchday income for Arsenal 95m and Tottenham 30m

We pay Mr Lewis off in how long!

And all this faffing about.. we want this.. we want that.. Jesus build it already.