thfcsteff
Vic Buckingham
If I'm truthful, I'd have to dig deep to find what I deeply disagree with. I was certainly striving for a balanced view, but I'll read it again.
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Daniel Levy - Chairman
- Thread starter Howard Webb
- Start date
If I'm truthful, I'd have to dig deep to find what I deeply disagree with. I was certainly striving for a balanced view, but I'll read it again.
thfcsteff
Vic Buckingham
THAT might be the line which tripped me into the 'some not true' side, as I think that's somthing which is incredibly hard to prove and suggests a level of complicit criminality which I am very uncomfortable with.
What I have said all along is that I thibnk his TRUE love and skillset lies in business, and to that end he has been spectacular with and for the club. What I think we all find hard to accept is that simply is not wired to view the footballing side with the same deep-rooted passion or skill. I have never thought it was intentional whatsoever. It is who he is. In fact, looking at things from his perspective, I can see him being very confused as to why some people hate him, because he actually HAS rolled the boat out against his own better judgement a few times. The unfortunate thing is that he only tends to act when he is personally in the line of fire, and sometimes that is too late. I personally think he is not helped by the sycophants immediately around him. So I very much view him dialectically. Two truths, perhaps opposite themselves on paper but most certainly equally 'true'...
Tottenham Hotspur Limited is the main holding company and there are several subsidiaries that run the different businesses.
One of those is Tottenham Hotspur Property Company Limited, which is also made up of several subsidiaries, holds all the property portfolio.
They are all part of the Tottenham Group. All the money generated by those subsidiaries flow back into the main holding company, Tottenham Hotspur Limited.
But you continue with your lies and flimflam.
Tavistock own Tottenham. If you think they aren't siphoning off money from land they acquired from borrowing off the name of Tottenham Hotspur then I have some magic beans for sale. And I'll do you a really good price.
Key Investments - Tavistock Group
www.tavistock.com
Bedfordspurs
Terry Naylor
But how are the siphoning off the money?Tavistock own Tottenham. If you think they aren't siphoning off money from land they acquired from borrowing off the name of Tottenham Hotspur then I have some magic beans for sale. And I'll do you a really good price.
Key Investments - Tavistock Group
The land and property is owned by the club which is in turn majority owned by ENiC which js majority owned by joe Lewis and Tavistock is his investment vehicle
But with the club not paying out any dividends or returns or investors no money is leaving the club so far
So how is it going into Tavistock pockets?
I appreciate the anger towards them. It’s valid in that they could and should put more in from a fans perspective. But claiming things without backing it up is very Donald Trump
As I said before, I’ll happily be educated on where it’s going if you can show me some evidence. I’d e done land acquisition and property development before and shell companies are created for that. But they can be traced back to the owner pretty easily through companies house
Show me in the accounts were they are siphoning off money?Tavistock own Tottenham. If you think they aren't siphoning off money from land they acquired from borrowing off the name of Tottenham Hotspur then I have some magic beans for sale. And I'll do you a really good price.
Key Investments - Tavistock Group
Muttley
Allan Nielsen
In the 15-20 or so years leading up to the stadium you could see all that land and property dynamics year on year in the annual accounts. I think the smart fans knew that it was a necessary evil to do the eventual build as opposed to have that cashflow in any years football operations budget. Most were ignorant to it though, but obviously woke up when things like Archway Steel made national news.
I think most fans would now accept that this shiny new stadium and training complex belongs to THFC though. It's a point of pride.
Bedfordspurs
Terry Naylor
And THFC ultimately has an owner too
braineclipse
Terry Dyson
I don't know much about finances here. But if there was a story to be written about siphoning off money it would be a big sorry in one of the bigger more reputable sources imo.
The way they are making money is by increasing the value of the club to one day sell it. That's all in the open. That's capitalism and I don't think we can blame Levy for the flaws in capitalism.
Joe Lewis: How one of Britain's richest people broke insider trading laws
The 87-year-old - whose family trust owns Tottenham Hotspur - gave secret stock tips to his girlfriend and employees.
www.bbc.co.uk
I think Joe Lewis is a crook. I think Joe Lewis knows a hundred and one different ways to siphon money off Spurs.
As part of the plea deal, one of Lewis' companies, Broad Bay Ltd, also pleaded guilty to securities fraud and was fined $44m (£34.8m).
It would take a forensic accountant years to go through the way the land was acquired in Tottenham's name and who owns it. I think we can all admit the crook isn't a benevolent owner.
Nobody thinks Lewis is an angel. I doubt there are any billionaires that are.Joe Lewis: How one of Britain's richest people broke insider trading laws
The 87-year-old - whose family trust owns Tottenham Hotspur - gave secret stock tips to his girlfriend and employees.www.bbc.co.uk
I think Joe Lewis is a crook. I think Joe Lewis knows a hundred and one different ways to siphon money off Spurs.
As part of the plea deal, one of Lewis' companies, Broad Bay Ltd, also pleaded guilty to securities fraud and was fined $44m (£34.8m).
It would take a forensic accountant years to go through the way the land was acquired in Tottenham's name and who owns it. I think we can all admit the crook isn't a benevolent owner.
The way he has made money off Spurs is by growing it organically with it's own money. Siphoning off a few million is loose change to him and makes zero sense when the growth in value has made him at least 100s of millions. But I guess logic ain't your strong suit. Probably a result of not just selling those magic beans...
braineclipse
Terry Dyson
"A wise man proportions his belief to the evidence"
Why does it have to be that because I don't agree with everything that is written in that article I am automatically a "levy licker"??? Is it not possible to be somewhere between hating and loving (or licking as you so crassly put it) the chairman?
Please answer the question I asked - do you consider that the highly paid players who most of the fan base considered to not be worthwhile keeping, were the future of spurs?
On a linked note, do you understand that I was saying that the reason our wage bill dropped was because a few highly paid players left, and not because of a strategy to increase profits. I explained myself, which you singularly failed to do whilst calling me a levy licker, by suggesting that some of our young stars such as Bergvall and Gray are likely not earning as much as the likes of Dier was when he left.
I'd further add to his that the aforementioned Bergvall and Gray chose to join us over other teams, so I'd argue we likely made them a compelling financial offer to go with the promise of joining a club focused on bringing through young players. So hardly a sign of penny pinching is it?
I am not a fully signed up member of the Daniel Levy club, but what I am is someone who doesn't listen to the tabloid media and believe everything they write, often citing it as fact.
I have numerous issues with the way the club is run, from the ending of concessions for older fans, to the bizarre decisions which have punctuated the club's footballing strategy over the years. I also find the way we treat ex players such as Lloris and others very disappointing, but I do that based on what Lloris wrote in his own book, rather than what the daily mirror is saying about our chairman/manager /club etc.
If you are going to write an article, or cite statements as facts you need to research better. 1. Levy isn't and hasn't ever been a billionaire. 2. If you mean Joe Lewis, he's not been involved in the running of the club or it's owner for more or less two years. 3. If you feel that being the 8th richest club in the world constitutes being run into the ground then you have an odd perception of reality.
We need better from our club owners, that is irrefutable, but what your post conveys is that you can't stand people who have a different view to you on a subject, and lack the ability to have a structured and reasonable conversation about it.
ricky2tricky4city
Les Medley
I'm sure with the amount of fans with ire towards Lewis and Enic, there's probably a few with enough expertise to do a deep dive into the accounts, company structures etc. it certainly would be an ace card if they came up with something.
Alas, they probably can't spare the time off twitter, tiktok tbh
Crab.C.Nesbitt
Bobby Mimms
If the club continues on its current trajectory do you seriously expect those players ( if they fulfill their potential)to still be with us in 5 years?
braineclipse
Terry Dyson
How much would you like to reduce our transfer spending by to increase our wages to turnover ratio?
Crab.C.Nesbitt
Bobby Mimms
I don’t have the time to review the accounts and even if I did I’d still have to speak to people within the club to come to an informed decision. So I don’thave a precise answer for you.
But I do think the fact that we pay far lower wages than the majority of other clubs fighting for cl is a major issue when looking at player recruitment and needs to be addressed.
Muttley
Allan Nielsen
Would love to hear more here. I read the book as well.
I got so many insights into Levy in that book. The logical vs lateral thinker bit was a strong theme. I felt that Levy is the logical thinker and doesn't read the room, especially on football. Low emotional intelligence was another theme I picked up on.
When he suggested to Hugo to go and wave goodbye to the fans at the end of season when he still had a year left on his contract was a great excerpt of what I'm talking about.
The theme about Aulus vs Levy was intriguing. Way more than about a football transfer but really delved into how Hugo thought so differently about the 2 top men he worked for in his career. Levy didn't exactly come out well was my impression.
Love to hear your insights.
braineclipse
Terry Dyson
Every percentage point we raise our wages to turnover ratio costs approximately 5.5m per season. Money that probably has to come from transfer spending.
Just a ballpark estimate for how much you would like to see us decrease our transfer spending?