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ENIC

Raziel said:
We have had this discussion before

My point, if the plan was to maximize the walkout, the extent of the stadium build made no sense, they could have cut the cost by an easy 25%/40% without a similar loss in the end price (see what Chelsea got with a stadium still to build)

I can be on board with many criticisms of Levy/ENIC, failing to understand the value/return of investments in the club infrastructure can't be one.
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Sorry I still don't get you. Why, if ENICs plan was to sell, would they have done so years ago? (as was your message I replied to). The asset valuation of PL football clubs has been on a steady appreciation. It takes a brave investment fund to sell an asset in a class that is continuing to appreciate at pace.

Chelsea commanded such a high price because they have been the most successful English club in the last 20 years and have gained a huge number of global fans and pull for commercial deals as a result of that success.
 
Bedfordspurs said:
Where does the money come from to invest to win things
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From f&b, property, events.

Just as how we stopped investing in players for 3 transfer windows, let's do the reverse and plough all profits into Football (including Levy's bonus... But it when we don't get top 4).

Stop all property, events, f&b investments for 18 months.

How much do you think our transfer pot be like?

Sent from my SM-T865 using Fapatalk
 
Lilbaz said:
Tickets prices are dependent on demand and supply not what happens on the pitch. If people are outraged over the prices, stop paying them. Then the price will come down.
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tickle my balls with a feather,Yer plays yer money and take your choices, same as everything in life.

DubSpur said:
That's the highest ticket price, there are other options as well. The price shown for us is for the 1882 season ticket. It's a premium offering above what most clubs will offer. As usual you need to dig a little deeper but then again if you did that it wouldn't give the anti-Spurs twist.
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This as well.
 
metalgear said:
From f&b, property, events.

Just as how we stopped investing in players for 3 transfer windows, let's do the reverse and plough all profits into Football (including Levy's bonus... But it when we don't get top 4).

Stop all property, events, f&b investments for 18 months.

How much do you think our transfer pot be like?

Sent from my SM-T865 using Fapatalk
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What money do you think is being diverted into those things ?
We borrow the money to build them from what I’ve seen so we’re not sat here spending lot of money on them
The events make money. They are literally profit makers as the ground is there. Would be mad to stop anything like that
 
Finney Is Back said:
Sorry I still don't get you. Why, if ENICs plan was to sell, would they have done so years ago? (as was your message I replied to). The asset valuation of PL football clubs has been on a steady appreciation. It takes a brave investment fund to sell an asset in a class that is continuing to appreciate at pace.

Chelsea commanded such a high price because they have been the most successful English club in the last 20 years and have gained a huge number of global fans and pull for commercial deals as a result of that success.
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Lets keep it simple

- You buy a house with a high chance of appreciation (good market, your point re football clubs)
- It's a bit run down, so you need to spend money
- You have to decide how much money do you need to spend, 1/just enough to keep in range of comparable others, 2/Make it the best possible house (exponentially more expensive)

Option 2 makes very little sense unless you plan to keep for another decade or more, hence if their plan was to sell, they should have done it pre that spend or done option 1. To your point, if the asset class is going up anyway, why spend £300M/£500M extra? so the logical conclusion is there is no short/medium term plan to sell.

We can argue about Chelsea another time, what they have done is set a very fat precedent for the market.
 
metalgear said:
From f&b, property, events.

Just as how we stopped investing in players for 3 transfer windows, let's do the reverse and plough all profits into Football (including Levy's bonus... But it when we don't get top 4).

Stop all property, events, f&b investments for 18 months.

How much do you think our transfer pot be like?

Sent from my SM-T865 using Fapatalk
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it wasn't an intentional hard stop on transfers, we just didn't buy anyone we could afford that the transfer committee agreed on

it was a series of cost/benefit calculations, not a single policy
 
Raziel said:
Lets keep it simple

- You buy a house with a high chance of appreciation (good market, your point re football clubs)
- It's a bit run down, so you need to spend money
- You have to decide how much money do you need to spend, 1/just enough to keep in range of comparable others, 2/Make it the best possible house (exponentially more expensive)

Option 2 makes very little sense unless you plan to keep for another decade or more, hence if their plan was to sell, they should have done it pre that spend or done option 1. To your point, if the asset class is going up anyway, why spend £300M/£500M extra? so the logical conclusion is there is no short/medium term plan to sell.

We can argue about Chelsea another time, what they have done is set a very fat precedent for the market.
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Not necessarily. Tarting up that house and flipping it may result in decent appreciation. A two story rear extension may result in an even greater appreciation and more bang for one's buck. Remember that ENIC were not investing their own capital either, instead putting debt on the asset itself.

Personally I think it is pretty clear that Levy saw THFC's future in an ESL (and the likely vastly higher club valuation that would result in) so had to ensure that THFC would be a club invited into the ESL. The only way to do that was to get into the Champions League regularly, to be able to do that we'd likely either needed lots of owner financing (not ENIC's MO) or to take on debt and construct a stadium that could command the highest ticket prices for fans and corps.

Of course there is also the other thought that Levy also feels that THFC's valuation could also increase substantially if we were to get an NFL franchise (probably one of the big reasons for such an expensive stadium). I suspect Levy and Lewis feel that either of those two things are likely long games worth playing.
 
We borrowed what £1bn?

Interest payments are £18m a year.

Nfl gives us £10m a year.

Matchday has gone from £40m to £125m.

So (not even including other events) we're £73m a year better off. If we don't bother paying off the debt.
 
Lilbaz said:
We borrowed what £1bn?

Interest payments are £18m a year.

Nfl gives us £10m a year.

Matchday has gone from £40m to £125m.

So (not even including other events) we're £73m a year better off. If we don't bother paying off the debt.
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Could someday add 20-25m a year for those pesky elusive naming rights to that too
 
Lilbaz said:
We borrowed what £1bn?

Interest payments are £18m a year.

Nfl gives us £10m a year.

Matchday has gone from £40m to £125m.

So (not even including other events) we're £73m a year better off. If we don't bother paying off the debt.
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When does the £1bn have to be cleared by? I assume that the loan has a lifetime.
 
Finney Is Back said:
I believe the 'average' term of the debt was about 27 years. With the interest rate rises in the markets I would expect the club will attempt to pay off as much as possible of the shorter term debt as it becomes due.
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We already refinanced the short term loans i believe. The majority of short term debt is transfer fees.
 
how about the size of the repayment installments and how that affects remaining funds for transfers?
chelsea has so much debt - are they ever going to afford to build a new stadium?
 
metalgear said:
how about the size of the repayment installments and how that affects remaining funds for transfers?
chelsea has so much debt - are they ever going to afford to build a new stadium?
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I don't think the owner will have that intentions TBH, improve on the pitch and flip for a profit
 
Grays_1890 said:
I don't think the owner will have that intentions TBH, improve on the pitch and flip for a profit
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I'm super interested in the Chelsea experiment, American investors want their money back at some point, with interest.

I think they overpaid, the clubs situation with the ground/stadium, and their money on fire approach to player acquisition is beyond my understanding
 
From twitter...
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