Lemonade Money
Chris Jones
How much of the nepo's personal wealth have they invested in THFC? Or have these two £100m injections come from loans?
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- Thread starter mattls
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MartyFunkhouser
Vivian Woodward
He literally scaled the spending to what we had to spend, the idea he would not have spent more is the idea that literally does not add up.
The bold part is not true though, he had control over what he was allowed to spend and what the owners and their accountants would allow. I don't really rate Harry Redknapp for his story telling but I know you do, he literally confirmed that the clubs accountants were making financial decisions and suggestions to Levy on what they could do. If you don't think this was further complicated with the stadium debt then I think you are being disingenuous because you are clearly a smart guy. But also equally again, we spent a fortune in money based on the clubs finances increasing, which increased because of Levys work commercially and developing us into a financial powerhouse in PL terms.
I also don't believe the clubs not for sale and I think this spending is as much to do with this being a push to inflate the clubs standing in that respect. I am pretty confident I will be proven right on that within the next 3/5 years.
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robp135
Sergei Rebrov
Close to £300M now which is 6x what the Dad put in.
parklane1
Ralph Coates
Haters have to hate for sure.
SissokoWasGood (BoL)
Nick Barmby
I think that ‘scaling the spending’ clearly wasn’t enough. I don’t disagree that on a net spend basis it looks like we spent more under Levy, although I would also add it was at a moment where the cycle of the team had to be rebuilt, so it was always likely to go higher.
The issue with Levy, which I think he proved last summer, is that he couldn’t execute a strategy to compete in the market as a top club. Which is why, even if we end this summer at about even net spend, it’s still been a massive step change for the better because of what we’ve shown through our actions.
We are moving decisively and we are paying the wages. Clearly there was an attempt to do this last summer too, but we got completely embarrassed- TWICE! - in deals that didn’t go through. I don’t know for sure but I truly believe Levy shat the bed on the chance he was given last summer and that is why he had to go. He showed himself to be incompatible with where the kids wanted to take the club.
We have seen that top players will join us ahead of other big clubs. We have seen that players will leave other big clubs to join us. It just takes paying the money, acting decisively and being willing to pay the wages. It is frankly ridiculous that we went along with the big, beautiful stadium and highest prices in the country and still couldn’t act like a top club until this summer.
My view is: it’s not just about the amounts of money, it’s about how you move in the market. Levy fell well short on that, and his playbook ran out of road.
SissokoWasGood (BoL)
Nick Barmby
I genuinely think last summer, with Vinai settled in and the kids really in control, the intention was to push on like we have done this time. I think then they were willing to do whatever financial engineering they needed to do to be able to increase the wage budget and to have money available earlier in the window (some of this borrowing against future earnings stuff may have come into it, as well as obviously the cash injections).
I simply don’t think Levy was capable. And I think they realised that keeping him in his role would have held us back from what we wanted to do. Having MGW and Eze mess up so publicly I would imagine was a final straw for them.
robp135
Sergei Rebrov
Joe Lewis could have pulled the plug at any time like the kids did. But Levy ran it the way Joe wanted and they align because Levy was Joe's protege and they largely think the same way about business. As I understand Levy did at times express the need to invest more on the pitch and Joe did not support that.
robp135
Sergei Rebrov
You are right about this. The club wanted to be ambitious last summer and Levy could not deliver on that. Thats why he was so desperate to get the Xavi Simmons deal done.
robp135
Sergei Rebrov
Who was saying that? People wanted them gone after 1 bad window.
MartyFunkhouser
Vivian Woodward
No we didn't
I think thats a massive simplifying of what were two massively complex deals. Eze deal where we, ok, should have moved on, but were working around agents leveraging clubs AND, TBH I can't believe we are having to go over it again, the MGW deal where I suspect had he not had family issues which were pushed and played on by their owner he likely would have joined. There is absolutely no way we were embarrassed by the MGW deal, I don't feel that at all, its football it happens.
But the point being that money has now been made more readily available. Do you honestly think levy was not spending money on wages because he wanted to be frugal or spiteful towards the club he had helped to build for success OR do you think its more likely there were instructions on what could be spent and the paymasters, the accountants and excel sheets that generally govern a club who were set up at the time to spend what they earn?
I mean I know we like to all think we make better owners, managers players etc, but hard to not take it from people in the game (ref above screen shots)
Ultimately I think what we are doing now is great, I temper that with caution because we are clearly paying over the odds on fees and the fact we are borrowing high interest loans on future earnings means they simply have to work. I think to use this as a stick to beat Levy with (there are plenty of other things) is ridiculous considering, when its all said and done, we have the same ownership we had for 25 years.
I am never as thirsty as other fans on the spent spend spend, for me its always been about the right players and we did get some very very good players in over 20 years, some we couldn't but generally they were players who chose bigger clubs (some that didn't I get it) but ultimately this window like any should be judged on what this translates on the pitch, not the bank balance because thats the only place it matters now, so I think people need to temper their "nouveau Lewis" talk just because they have quench their first on spending money, lets see how it goes on the pitch.
Anyway its been done to death and I am boring myself let alone all the other poor posters. People can believe what they want, in my experience of supporting this club, everyone loves a villain regardless if they deserve it or not
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Gazza
Christian Ziege
I think it’s the direction and mode of spending that’s got people becoming positive. I didn’t see this coming. I love that our net spend is so low currently
The real view will be 3 years (and I say this as a non Nepo baby fan)
1. Do we get the final deals done in next week i.e. Savinho, Marmoush & Gakpo (or alternative)
2. Do they keep RDZ co-operative, he's been given a lot and hopefully there has been some adult conversations re he's been backed more than he has ever been or likely to be in his career, he won't get to throw the toys out of the pram the first/second time he doesn't get exactly what he wants.
3. Get results, with RDZ, having spent 400M+ (likely), the goal has to be CL (their predecessor managed that quite a few times without that kind of spend), a domestic cup would buy a lot of room for RDZ
4. Fix the fudging injury crisis at the club, it simply cannot be tolerated to have the last 2+ years of injuries
4. Next summer, do we push on from this window, get rid of those that didn't step up or prove fitness (a few in that category) and go for 2-3 more top players? do we also figure out how to in the long term go back to some good non EPL prospects to supplement the 85M+ buys
5. Stability in results, in organization, in manager (we can't be swapping out RDZ and DoF and board members in next 18 months)
Only then will the real measure be fair. My opinion is they started terribly, corrected at beginning of summer, have stumbled a little on the attacking side but seem to be sorting, still a lot to do in next week.
I think being 17th and facing relegation heightened the emotions last season. They need time before they can really be judged.
MartyFunkhouser
Vivian Woodward
Absolutely, there will be people who (and I think its promising too) who will give their love to people for spending, thats the currency, no pun intended, in which some thirst for. They absolutely get a grace period from me based on the new found money down the back of the sofa and intent, we will soon know how that translates to football.
Finney Is Back
Jimmy Cantrell
I think I have said this before (as have several others) but I've generally been clear that the amount we spent on transfers wasn't always the issue, the issue was the way that we spent on transfers. The constant haggling to the last penny delaying signings to the last knockings of the window, keeping players who weren't wanted around because our (too high) valuation wasn't met, not bidding what other clubs were asking for players our manager wanted in the early stages of the transfer window before strangely often bidding quite a bit more than that amount right at the end of the window when desperate. Constantly sacking managers and flip flopping between different footballing philosophies from one manager to the next, having not got the manager the players they wanted to implement their completely different style.
Finney Is Back
Jimmy Cantrell
Isn't this basically what I said?
MartyFunkhouser
Vivian Woodward
Yeh and I have addressed that, as did the example by your old mate Arry
But I think you are being disingenuous on the people not caring about spend, there are loads who will always look at spend as a way to judge things, I see it literally every day from fans from every club in every league. We have some real bed wetters in that aspect as everyone does
I agree on this and this is where I think out of all the complaint he failed the most.
robp135
Sergei Rebrov
Yeh I wasn’t disagreeing the part I disagree with is that Levy had full control.
Baleforce
Joe Kinnear
For all the money spent the jury is out until we see performances on the pitch.
In my opinion we have replaced Vic, Romero and Spence with weaker options in Dubravka, van Hecke and Robertson.
MF work looks better, but even then we have lost the outstanding Palhinha so one of those slots is a wash at most.
In my opinion we have replaced Vic, Romero and Spence with weaker options in Dubravka, van Hecke and Robertson.
MF work looks better, but even then we have lost the outstanding Palhinha so one of those slots is a wash at most.