ENIC

[Lilbaz]

IIRC (if it's same interview), he said it was the duty of the board to evaluate any offers and determine if it was right/appropriate for club/shareholders.

Think people are confusing want to, plan to, or possibly. I'm not interested in selling my car/house right now, but if someone offered the right price, I would. Yes if someone offered ENIC 6B for Spurs, it's sold.

Yeah ofcourse. The clubs still growing. Next season we will earn record turnover. We're still building. For levy there is no need to sell.
Lewis trust dunno.

But the club is and has always been for sale. If the right offer comes in. The same as any player.

 

[BrainOfLevy]

They could/may sell, at some point the offer will be right, that however is different from their objective was to sell (flip, doing it on cheap narrative), what that original time horizon was and is, unknown. And to put into context, ENIC have held on to Spurs longer than any other club in the PL by a pretty big margin (next oldest owners are City, 7 years after), so it doesn't seem owner hold on to clubs for 25+ years.

You would build a stadium and a training round, you wouldn't build a billion dollar stadium with all the best functionality (decision to have no obstructed view, decision to use glass on roof, decision to pre-wire for media, biggest screens in Europe), there are literally hundreds of decisions made that would/will cut into eventual profit that just wasn't necessary. For context Chelsea sold a club that had sketchy ground rights and a brick stadium for >$4B (total), if (as the accusation always is), the only objective was to maximize profits, what Levy did, does not make sense (you are absolutely not maximizing if you overspend on improvements/upgrades)

Yeah to be clear I’ve never been one of the ‘ENIC want to flip it on the cheap’ people. But I do believe they are trying to get as much value into the club as possible.

When I think about my understanding of Levy, I can absolutely see why he would spend top of the range on the stadium, but not on players. Because one of them is sustainable, an asset that will continue to grow the value of the club, and one of them is a potentially fleeting, uncertain outcome. I’ve never bought into the idea that he is cheap, but I’ve always assumed that in order to get the maximum possible price, having everything within the club be seen as top of the range would be consistent with that.

They’re basically creating the narrative that this is the next great super club in waiting.

 

[ricky2tricky4city]

Yeah to be clear I’ve never been one of the ‘ENIC want to flip it on the cheap’ people. But I do believe they are trying to get as much value into the club as possible.

When I think about my understanding of Levy, I can absolutely see why he would spend top of the range on the stadium, but not on players. Because one of them is sustainable, an asset that will continue to grow the value of the club, and one of them is a potentially fleeting, uncertain outcome. I’ve never bought into the idea that he is cheap, but I’ve always assumed that in order to get the maximum possible price, having everything within the club be seen as top of the range would be consistent with that.

They’re basically creating the narrative that this is the next great super club in waiting.

Too add.....

Obviously it's became clear to DL that Lewis was never going to bankroll a big push even if the timing looked right.

So he's effectively on his own. So all he can do is maximize what HE can affect. Build up the infrastructure to the best of his ability and milk the income the best he can to support the team.

I think I'd change the words in your second paragraph to 'predictable' and 'unpredictable'. He controls everything within his reach...he makes that as predictable as possible. It's those pesky other clubs that are unpredictable. You go to war with them with your lesser finite resources. That scares DL, as to go balls deep against them could have severe consequences. Especially now it's a lifetimes work for him. Think of that long snake on the snakes and ladders board.

(As a side note, I feel quite sad for him that he had (or had already made) that decision to make on Ange smack bang in the middle of something that he's probably desired as much as all of us. ie a time for emotions not cold hard business decisions)

 

[BrainOfLevy]

Too add.....

Obviously it's became clear to DL that Lewis was never going to bankroll a big push even if the timing looked right.

So he's effectively on his own. So all he can do is maximize what HE can affect. Build up the infrastructure to the best of his ability and milk the income the best he can to support the team.

I think I'd change the words in your second paragraph to 'predictable' and 'unpredictable'. He controls everything within his reach...he makes that as predictable as possible. It's those pesky other clubs that are unpredictable. You go to war with them with your lesser finite resources. That scares DL, as to go balls deep against them could have severe consequences. Especially now it's a lifetimes work for him. Think of that long snake on the snakes and ladders board.

(As a side note, I feel quite sad for him that he had (or had already made) that decision to make on Ange smack bang in the middle of something that he's probably desired as much as all of us. ie a time for emotions not cold hard business decisions)

Yeah, predictable vs unpredictable is a great way to put it. I can completely see why he wants the foundations of the club to be rock solid so that when we do compete, it won’t be fleeting.

 

[ricky2tricky4city]

Yeah, predictable vs unpredictable is a great way to put it. I can completely see why he wants the foundations of the club to be rock solid so that when we do compete, it won’t be fleeting.

I think that's always something we will, and should be grateful for, ie he's risen the floor of the infrastructure and finances, so whether it's him or someone else that benefits from it, it's there in place now and that will be his legacy.

Another thing that must grate him is Chelsea and Emirates Marketing Project were nothing clubs. So not only have they trumped their way into the picture, they've distorted the finance situation by means of not having to be careful. Without them we'd be up against Liverpool United Arsenal, two of which we have virtually caught in terms of income.

So although Levy doesn't have that much more to offer in expanding revenues, the goons and Liverpool show there is a hope, that if we keep refining our processes, get smarter and smarter (usually via great employees), some astute signings (a couple that turn out to be ballers), and of course a bit of luck.
That's all he can do now realistically?

On a side note: (and this is just a question, no malice ) You were always a valued poster in the past.....you returned, after quite a while, to say your piece in regards to DL, I paraphrase but basically 'you'd had enough'. I thought the timing somewhat bizarre given that we'd just won a trophy, which along with, 'we don't spend enough money', is the two biggest sticks he gets beaten with?

 

[Finney Is Back]

They could/may sell, at some point the offer will be right, that however is different from their objective was to sell (flip, doing it on cheap narrative), what that original time horizon was and is, unknown. And to put into context, ENIC have held on to Spurs longer than any other club in the PL by a pretty big margin (next oldest owners are City, 7 years after), so it doesn't seem owner hold on to clubs for 25+ years.

You would build a stadium and a training round, you wouldn't build a billion dollar stadium with all the best functionality (decision to have no obstructed view, decision to use glass on roof, decision to pre-wire for media, biggest screens in Europe), there are literally hundreds of decisions made that would/will cut into eventual profit that just wasn't necessary. For context Chelsea sold a club that had sketchy ground rights and a brick stadium for >$4B (total), if (as the accusation always is), the only objective was to maximize profits, what Levy did, does not make sense (you are absolutely not maximizing if you overspend on improvements/upgrades)

You might.... Especially if the top class facilities mean that you can charge top prices and are also able to attract lots of non football events. If you're loading the debt onto the club instead of owner funding it then spending more in order to maximise revenue and therefore asset valuation is completely viable business strategy.