Bedfordspurs
Vinnie Samways
It’s perfect for it
Bit of yellow and purple
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ENIC
- Thread starter mattls
- Start date
Bit of yellow and purple
I'd like to get to the bottom of what Tavistock has earned off the back off Tottenham Hotspur FC. Apart from the initial outlay of 27 million Enic put in to buy the club and the subsequent monies they spent buying shares off the fans that owned shares. How much of their own money have they put in? I'd really like to know.
Finney Is Back
Luka Modric
You have no idea what any of the other executives are being paid by organisations outside of the football club, just as you have no idea what Lev is being paid by ENIC/Tavistock/whoever else. The only facts we know are that Levy has consistently been the highest or second highest paid director by any PL football club for many, many years.
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Finney Is Back
Luka Modric
Another £100m 18 months or so ago.
23+ years of not taking money/profit out of the club
Very back of napkin math would be well over 1B of their own money (yes, club profit is their money)
Finney Is Back
Luka Modric
Not this again.... One can take money out of a business via dividends or choose to reinvest profits into the business to grow the asset value. Often (especially during a growth phase) the latter results in a better financial return for a business owner.
I have certainly never seen it as me investing my own wealth into any businesses that I have reinvested business profits into. I have pumped further liquidity into businesses though (and very much saw that as investing my own wealth).
Yes, owners can take the money out because it's fudging their money ..
The point of is it a good financial decision is irrelevant
You (very specifically you) are being completely disingenuous by pretending every single year ENIC has made that decision (regardless of it makes sense or not, grow the asset or not), it somehow isn't "their" money and shouldn't be counted as investment.
£0. Tavistock are owned by joe lewis. Lewis is an investor in enic. Which own the majority of spurs. Different companies. None of our money goes to tavistock as far as i'm aware.
Grays_1890
Chris Jones
I mean there are very valid arguments on what Levy earns being OTT based on the footballing side, but I would think his salary and bonuses would be in line with many 4bn dollar companies and given the growth pattern of the club on a commercial side.
Finney Is Back
Luka Modric
Every business owner makes that decision based on what the best way is to grow their wealth.
If Levy and Lewis had taken money out of this business then it is extremely likely that their asset would now be worth less and their overall wealth would've grown by less as a result.
Other owners take money on the back end. West ham, utd high interest on their loans or dividends. According to a new report though we might be worth £6bn. Although may be a bit dubious.
Finney Is Back
Luka Modric
I think his salary puts him firmly in the top half of FTSE100 CEO level. I'm not convinced many FTSE100 companies would hire him as CEO.
Though I do think Lewis gets good value out of Levy's £3.3m salary in terms of increasing his personal wealth level.
I will say though that both Lewis and us (as fans) get a lot more value out of Levy's £3.3m salary than WHU get from paying Karen Brady £2.2m!
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FTSE average CEO salary is 5m, so he's below the average. How many FTSE100 CEOs have grown a company from 27m in value to around 3 billion? And yes, there were external factors in that growth but he did identify that football clubs were undervalued and grew the value way beyond what other comparable sized clubs at the time did.I think his salary puts him firmly in the top half of FTSE100 CEO level. I'm not convinced many FTSE100 companies would hire him as CEO.
Though I do think Lewis gets good value out of Levy's £3.3m salary in terms of increasing his personal wealth level.
I will say though that both Lewis and us (as fans) get a lot more value out of Levy's £3.3m salary than WHU get from paying Karen Brady £2.2m!
How many ftse 100 companies don't pay dividends to shareholders?
ricky2tricky4city
Steffen Freund
Oooooo...thank GHod they didn't then.
Grays_1890
Chris Jones
I think his salary puts him firmly in the top half of FTSE100 CEO level. I'm not convinced many FTSE100 companies would hire him as CEO.
Though I do think Lewis gets good value out of Levy's £3.3m salary in terms of increasing his personal wealth level.
I will say though that both Lewis and us (as fans) get a lot more value out of Levy's £3.3m salary than WHU get from paying Karen Brady £2.2m!
I think thats likely slightly biased on the negative, I think many would take someone thats overseen that level of commercial growth TBH. I think if we separate the two he is clearly massively respected in the business world.
Old king porn is also still doing harm at West Ham, got his claws in all the food and drink concessions outside the ground and would not include them in the deal with the eastern European fella who was interested in upping his stake
That was a loan from Uncle Joe mate. It wasn't charity.
This is the point. Tavistock owns the flats, land, rent accumulated directly from Tottenham Hotspur FC. They have made massive wealth off the back of borrowing in Tottenham Hotspur FC name.
I don't get why folks don't get this. We should be one of the richest clubs in the land with vast amounts of free from ffp money to spend on players. Arsenal use it. Why don't we?
Finney Is Back
Luka Modric
Pretty sure it wasn't a loan. It was a liquidity injection.
Finney Is Back
Luka Modric
Don't think this is true. Lewis' affiliated companies did purchase some of the land around the stadium from the club at market rate (though that was market rate pre-planning gain). That does mean the planning risk is then theirs instead of THFC's however.