ENIC

[Lemonade Money]

I have always thought that in order to properly evaluate Levy's era, it is imperative that it be split into two distinct areas. Non-football development of the club, and football development of the club.
My single-biggest blast of criticism towards Levy came during the Poch era when he genuinely did not realize what an incredible opportunity/moment in time he had, simply because it arrived fastet than anyone thought. That we were unable to take advantage of that, that he was unable to see that Poch deserved a second rebuild in 2019/20, and that he went with Mourinho knowing that he would serve him up a Gedson Fernandes as opposed to the calibre of player Mourinho needs to make anything happen are mistakes which have led us to where we are.

I get what you're saying, but Levy got us to a CL final. We never thought that was happening.

 

[SissokoWasGood (BoL)]

I get what you're saying, but Levy got us to a CL final. We never thought that was happening.

I guess in Levy’s mind he will say - and may be right to say - that because the buck stops with him, he deserves the credit for getting us there. And that it will have proved that if only he keeps cycling through, he can find the right manager who can work under his constraints and achieve crazy good results.

But I think we know deep down…Poch and the team for us there. After 3 windows without a signing. And the fact that Levy sacked him a few months later shows he didn’t understand what exactly he had. I completely agree with that decision being one of the reasons we are where we are today. But I also think what it says about Levy’s decision making showed that he had reached the limit of his effectiveness with us.

 

[DTA]

I have always thought that in order to properly evaluate Levy's era, it is imperative that it be split into two distinct areas. Non-football development of the club, and football development of the club.
My single-biggest blast of criticism towards Levy came during the Poch era when he genuinely did not realize what an incredible opportunity/moment in time he had, simply because it arrived fastet than anyone thought. That we were unable to take advantage of that, that he was unable to see that Poch deserved a second rebuild in 2019/20, and that he went with Mourinho knowing that he would serve him up a Gedson Fernandes as opposed to the calibre of player Mourinho needs to make anything happen are mistakes which have led us to where we are.

Listen I totally believe that Poch earned having a down season and baring a relegation fight (haha I know) should have been backed that year unequivocally. I also believe that Levy had a hard on for Jose, and probably let him get in his ear about being the man to turn the club that are soo close in to winners.

Having said that… how many on here and spurs fans in general were complaining that we have to “win now” maybe Levy listened to much.
And Covid may have had something to say in terms of backing Jose the way Jose wants to be backed (although Jose can never be backed enough)

 

[Raziel]

The cap has always been a percentage. It has always been approx 42-44% of turnover. Adebayor was on £200k a season during his loan year IIRC, so it never been about individual salaries. With Kane, Son and Lloris all going in quite quick succession, we cleared out our highest earners. So we should have quite a lot of leeway even under the existing cap

So interesting, Simon Jordan claims (today) our wage bill is restricted by terms on our financing of stadium, i.e. lower interest rates tied to operating metrics, the only way around that without incurring more costs is capital input.

 

[Raziel]

You mention Poch’s golden period arriving faster than anyone thought. Do you think had it arrived in a slower time that Levy would have handled it any differently? I don’t think he would have.

He was put there by ENIC. An investment company that buys businesses, raising their value so they can sell for profit when they see fit. He fulfilled what he was put there to do

This has been done to death

- We have spent 980M since 2021/22 Season, so it's proven data at this point.
- Yes, if the stadium had come online before, if Covid didn't happen, if Poch had a more gradual ramp, it would have been different

But it didn't .. classic if my Aunt had nuts she would be my uncle.

 

[Finney Is Back]

So interesting, Simon Jordan claims (today) our wage bill is restricted by terms on our financing of stadium, i.e. lower interest rates tied to operating metrics, the only way around that without incurring more costs is capital input.

In which case the chief exec shouldn't have turned his back on the £100m we already could've had in for stadium sponsorship.

 

[MartyFunkhouser]

In which case the chief exec shouldn't have turned his back on the £100m we already could've had in for stadium sponsorship.

Thats a pretty easy solve though isn't it? Now the blocker to that business has gone, should be done fairly soon I would suspect

 

[Finney Is Back]

Thats a pretty easy solve though isn't it? Now the blocker to that business has gone, should be done fairly soon I would suspect

Indeed.... Though the value may not be as high now. We were a 'regular' champions league club back then (this was before Levy did that weird thing and sacked Pochettino remember?)

 

[SirPercyHotspur]

I keep reading Simon Jordan claims this , Simon claims that ,, this is from his Wiki page , can he be trusted with telling the truth, if I had a choice of being owned by Jordon or ENIC , I'd stick with ENIC.


Selhurst Park


In October 2006, Jordan claimed to have purchased the freehold to Selhurst Park from Ron Noades for £12 million, using an investment mechanism that kept his identity secret. He claimed the obfuscation had been necessary due to the "very, very difficult" relationship he had with Noades.[12] Crystal Palace were now seen to be safe for the future.[13] It later transpired that the freehold had been bought by the company Selhurst Park Limited, which was owned by another company. A maze of ownership finally showed the legal ownership being 60% Paul Kemsley and 40% a venture capital company owned by HBOS. Jordan has since offered the freehold for sale with the intention of taking back a long lease on the property. Simon Jordan's exact position on the freehold was unknown, although Jordan later agreed a 25-year lease for Selhurst Park.[14] Selhurst Park Limited later went into administration (separate from Crystal Palace's own administration), leading to the stadium being purchased by the CPFC 2010 consortium, led by Steve Parish at the same time as the consortium buying Crystal Palace.

 

[Raziel]

I keep reading Simon Jordan claims this , Simon claims that ,, this is from his Wiki page , can he be trusted with telling the truth, if I had a choice of being owned by Jordon or ENIC , I'd stick with ENIC.


Selhurst Park


In October 2006, Jordan claimed to have purchased the freehold to Selhurst Park from Ron Noades for £12 million, using an investment mechanism that kept his identity secret. He claimed the obfuscation had been necessary due to the "very, very difficult" relationship he had with Noades.[12] Crystal Palace were now seen to be safe for the future.[13] It later transpired that the freehold had been bought by the company Selhurst Park Limited, which was owned by another company. A maze of ownership finally showed the legal ownership being 60% Paul Kemsley and 40% a venture capital company owned by HBOS. Jordan has since offered the freehold for sale with the intention of taking back a long lease on the property. Simon Jordan's exact position on the freehold was unknown, although Jordan later agreed a 25-year lease for Selhurst Park.[14] Selhurst Park Limited later went into administration (separate from Crystal Palace's own administration), leading to the stadium being purchased by the CPFC 2010 consortium, led by Steve Parish at the same time as the consortium buying Crystal Palace.

He's a clam .. doesn't change the fact that he is of the few personalities in the media who has any insight whatsoever on owning, financing, running a club, and player/manager interactions, he also has a relationship with Levy so has some insight.

As long as you don't take everything he says as gospel (shouldn't with anyone), he actually can give a perspective I for one find unique.

His take on ENIC/Lewis is rational, they are the same owners, there are no new owners at Spurs, if they want to change their approach as the kids (vs. Joe) and if they want for PR sake to pretend Levy wasn't operating on their financial model/constraints, go ahead, but they now have to stand behind their words because they don't have someone to take the blame anymore.

 

[Baleforce]

I think Jordan is a bit of a berk, but he has been there and done that, and really does appear to be a genuine friend of Levy’s, so is worth listening to.