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ENIC

DubSpur said:
If it was constant mistakes we wouldn't have improved from being a mid table team at best with no European football to a top 4-6 team with constant European football and going close in the league and CL. Is Levy perfect? No, but constant mistakes...

You see no proof that ENIC takes no money out of the club? Where are the financials??? fudging hell, they're published every year with them dissected by loads of football financial experts.

It's not your money. It's a simple concept, once you give your money to somebody for a product or a service it's no longer your money it's their's. Once you pay for a good from the club it's their money to do as they want with it, it's no longer yours, just the way if you go into a supermarket and buy shopping you can't claim it's still your money. If you don't like it don't spend your money, simples.
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Yep, so true.

Even if you go back 10-15 years, Spurs were always buying land and property through our accounts for what was going to happen next. Levy and co had a vision and made the choice to deprive the football ops side of some money to play the long game and get us to where we are now.

I've always had a simple concept with Levy. I know his original £30m will turn into over a billion across multiple decades. I'm good with that if he delivers me trophies. That was being a fan is all about. The rough and the smooth.

I'm obviously still waiting for the smooth, but he is still becoming a billionaire from the football money train. Therefore, it is fair that he feels the tension with the fans like me that he hasn't delivered trophies yet.
 
for levy to be highest paid chairman, he is saying he is doing the best job compared to the other chairmen.
it has always been about profits and not about winning things (so far).
 
metalgear said:
for levy to be highest paid chairman, he is saying he is doing the best job compared to the other chairmen.
it has always been about profits and not about winning things (so far).
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And financially, building the club, Infrastructure, improvements in players, coaches, even consistency of on field football (16+ years in Europe) he has all right to be at least in the conversation.

For all the complaints re Levy, the fact that United, Chelsea & Liverpool haven't updated their stadiums at this stage is almost dereliction of duty by their executives.

Him being highest paid is a total red herring btw (typical of how easy Spurs fans are to wind up), zero fudging chance he's higher paid than the City Chairman (because his salary isn't from City), many other clubs, Liverpool, United, Leicester, etc. have had executives from a broader group that wouldn't get their full salary/income from the club and/or large part of the income would be dividends (ENIC/Levy don't take dividends, they re-invest in club)
 
Raziel said:
And financially, building the club, Infrastructure, improvements in players, coaches, even consistency of on field football (16+ years in Europe) he has all right to be at least in the conversation.

For all the complaints re Levy, the fact that United, Chelsea & Liverpool haven't updated their stadiums at this stage is almost dereliction of duty by their executives.

Him being highest paid is a total red herring btw (typical of how easy Spurs fans are to wind up), zero fudging chance he's higher paid than the City Chairman (because his salary isn't from City), many other clubs, Liverpool, United, Leicester, etc. have had executives from a broader group that wouldn't get their full salary/income from the club and/or large part of the income would be dividends (ENIC/Levy don't take dividends, they re-invest in club)
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the re invest part is interesting and where we are divided - other charimen invest in the team while levy builds equity in property and assets in other non footballing businesses. put it another way its not surprising we don't win things.
 
metalgear said:
the re invest part is interesting and where we are divided - other charimen invest in the team while levy builds equity in property and assets in other non footballing businesses. put it another way its not surprising we don't win things.
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- Spurs runs a fiscally responsible business, people/fans may not like or want that, but fundamentally nothing wrong with the model outside of the fact that other teams have been allowed to not follow the rules for years.
- Those investments are designed to raise the income of the entire organization, and the profits go back into team. This has been publicly stated and there are financial reports (again, there is no hording of money/profit going on)
- The other chairmen you are talking about? City & Saudi Sportswashing Machine - sportswashing, Chelsea -sportswashing & investment firm, Liverpool - broader sports group investment, even Arsenal benefitted from Russia Oligarch investment money. Every other club, new ownership, there is some investment for a period and then the goal is to get to self sustaining (look at Leicester, Everton, Brentford, Brighton and eventually Villa), no one outside of state ownership/money laundering will continuously put their money in with no intent of recoup.
- In our case ENIC/Levy have been happy with asset appreciation, if Chelsea fans think the American investors don't want their money back at some point, Pool with all it's success under Klopp has become more and more financial cautious (want to see how Klopp quotes talk about them not being able to compete financially), United Glazers have milked the club from day 1.

I think fundamentally the game is broken (Said it before)

- In the last decade+, the top 6 are the same, City, United, Liverpool, Chelsea, Arsenal, Spurs, yes occasionally someone gets in for a season or two but inevitable the system reverts to norm, why? Answer is money, no matter how bad any purchases are, how bad management choices are made (United & Chelsea have finished below 8th/10th), those clubs get to consistently buy their way out of trouble due to gap in revenue.
- This is the legacy of ENIC/Levy, they have raised the revenue stream to compete with clubs that cheat and to put distance between us and others so we can do the same thing (but ourselves out of bad buys/manager decisions)

Could they have done a better job with trophies? .. yes, but building the revenue stream isn't part of the problem.
 
metalgear said:
the re invest part is interesting and where we are divided - other charimen invest in the team while levy builds equity in property and assets in other non footballing businesses. put it another way its not surprising we don't win things.
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The team has been invested in. Since the move to the new stadium we are consistently one of the biggest spenders. If instead of investing in the stadium first it had gone into the first team then it would have been more or less a one off investment and there would be no cash to spend now.
It may have led to some trophies but long term we'd be fudged.
 
DubSpur said:
If it was constant mistakes we wouldn't have improved from being a mid table team at best with no European football to a top 4-6 team with constant European football and going close in the league and CL. Is Levy perfect? No, but constant mistakes...

You see no proof that ENIC takes no money out of the club? Where are the financials??? fudging hell, they're published every year with them dissected by loads of football financial experts.

It's not your money. It's a simple concept, once you give your money to somebody for a product or a service it's no longer your money it's their's. Once you pay for a good from the club it's their money to do as they want with it, it's no longer yours, just the way if you go into a supermarket and buy shopping you can't claim it's still your money. If you don't like it don't spend your money, simples.
Click to expand...

Haters have to hate, sadly they usually fail to see the big picture.
 
Raziel said:
- Spurs runs a fiscally responsible business, people/fans may not like or want that, but fundamentally nothing wrong with the model outside of the fact that other teams have been allowed to not follow the rules for years.
- Those investments are designed to raise the income of the entire organization, and the profits go back into team. This has been publicly stated and there are financial reports (again, there is no hording of money/profit going on)
- The other chairmen you are talking about? City & Saudi Sportswashing Machine - sportswashing, Chelsea -sportswashing & investment firm, Liverpool - broader sports group investment, even Arsenal benefitted from Russia Oligarch investment money. Every other club, new ownership, there is some investment for a period and then the goal is to get to self sustaining (look at Leicester, Everton, Brentford, Brighton and eventually Villa), no one outside of state ownership/money laundering will continuously put their money in with no intent of recoup.
- In our case ENIC/Levy have been happy with asset appreciation, if Chelsea fans think the American investors don't want their money back at some point, Pool with all it's success under Klopp has become more and more financial cautious (want to see how Klopp quotes talk about them not being able to compete financially), United Glazers have milked the club from day 1.

I think fundamentally the game is broken (Said it before)

- In the last decade+, the top 6 are the same, City, United, Liverpool, Chelsea, Arsenal, Spurs, yes occasionally someone gets in for a season or two but inevitable the system reverts to norm, why? Answer is money, no matter how bad any purchases are, how bad management choices are made (United & Chelsea have finished below 8th/10th), those clubs get to consistently buy their way out of trouble due to gap in revenue.
- This is the legacy of ENIC/Levy, they have raised the revenue stream to compete with clubs that cheat and to put distance between us and others so we can do the same thing (but ourselves out of bad buys/manager decisions)

Could they have done a better job with trophies? .. yes, but building the revenue stream isn't part of the problem.
Click to expand...

When there is £2m TV prize money between every place in the PL, you. can see why. Just in one season the winners of the PL get £32m more than the 17th place team. When you look at the compounding effect of multiple seasons, you can see why the top 6 can keep buying themselves back into the race.

lol - it would be more fun the other way around.
 
Muttley said:
When there is £2m TV prize money between every place in the PL, you. can see why. Just in one season the winners of the PL get £32m more than the 17th place team. When you look at the compounding effect of multiple seasons, you can see why the top 6 can keep buying themselves back into the race.

lol - it would be more fun the other way around.
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Unfortunately the £32m is peanuts

- City, United, Liverpool, Spurs, Chelsea & Arsenal (in that order) earn magnitudes more money than other teams
- In latest version of Deloitte's numbers, the lowest earner in the 6 had €532M/yr in revenue
- The next best PL clubs? (Saudi Sportswashing Machine & West Ham) €287M was top
- Lets pick two middle of road examples, Spurs €631M/yr, West Ham (who has a new stadium) €275M, that is a delta of €356M a year, over a period of 5yrs, Spurs has access to a revenue stream of over a billion more than anyone outside top 6.

That's why (and everyone likes to brick it on it), the most important thing Levy has done, is get/keep us in that group (and pass by others in it), otherwise any attempt at success will be short-lived.
 
Muttley said:
When there is £2m TV prize money between every place in the PL, you. can see why. Just in one season the winners of the PL get £32m more than the 17th place team. When you look at the compounding effect of multiple seasons, you can see why the top 6 can keep buying themselves back into the race.

lol - it would be more fun the other way around.
Click to expand...
That’s how they do it in American sports. The worst teams get the pick of the best players coming out of university. To equalise the league and prevent one team from dominating for too long
 
Raziel said:
- Spurs runs a fiscally responsible business, people/fans may not like or want that, but fundamentally nothing wrong with the model outside of the fact that other teams have been allowed to not follow the rules for years.
- Those investments are designed to raise the income of the entire organization, and the profits go back into team. This has been publicly stated and there are financial reports (again, there is no hording of money/profit going on)
- The other chairmen you are talking about? City & Saudi Sportswashing Machine - sportswashing, Chelsea -sportswashing & investment firm, Liverpool - broader sports group investment, even Arsenal benefitted from Russia Oligarch investment money. Every other club, new ownership, there is some investment for a period and then the goal is to get to self sustaining (look at Leicester, Everton, Brentford, Brighton and eventually Villa), no one outside of state ownership/money laundering will continuously put their money in with no intent of recoup.
- In our case ENIC/Levy have been happy with asset appreciation, if Chelsea fans think the American investors don't want their money back at some point, Pool with all it's success under Klopp has become more and more financial cautious (want to see how Klopp quotes talk about them not being able to compete financially), United Glazers have milked the club from day 1.

I think fundamentally the game is broken (Said it before)

- In the last decade+, the top 6 are the same, City, United, Liverpool, Chelsea, Arsenal, Spurs, yes occasionally someone gets in for a season or two but inevitable the system reverts to norm, why? Answer is money, no matter how bad any purchases are, how bad management choices are made (United & Chelsea have finished below 8th/10th), those clubs get to consistently buy their way out of trouble due to gap in revenue.
- This is the legacy of ENIC/Levy, they have raised the revenue stream to compete with clubs that cheat and to put distance between us and others so we can do the same thing (but ourselves out of bad buys/manager decisions)

Could they have done a better job with trophies? .. yes, but building the revenue stream isn't part of the problem.
Click to expand...
I hope you keep these in a cut and paste folder?
 
metalgear said:
the re invest part is interesting and where we are divided - other charimen invest in the team while levy builds equity in property and assets in other non footballing businesses. put it another way its not surprising we don't win things.
Click to expand...
Sorry, but that sounds like something you'd write after being on twitter for 5 hours.
 
Batspur said:
What's the big picture mate?
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It's been explained on the previous page and on this page; if you can't understand it, be honest about that. Seems like you missed the hundreds of posts about our accounts when they come out?

Each year, we now make way* more than the "not top 6" teams, and will plough that money into the team.
We have clung onto the coat tails of the cheats, and are dragging ourselves, bloodied up their coat until we can reach their necks.

Whilst Villa Leeds Everton Saudi Sportswashing Machine etc are trailing behind us in financial terms; and eventually, money wins.




*Being deliberately vague so we don't get hung up on the exact amount
 
Bullet said:
It's been explained on the previous page and on this page; if you can't understand it, be honest about that. Seems like you missed the hundreds of posts about our accounts when they come out?

Each year, we now make way* more than the "not top 6" teams, and will plough that money into the team.
We have clung onto the coat tails of the cheats, and are dragging ourselves, bloodied up their coat until we can reach their necks.

Whilst Villa Leeds Everton Saudi Sportswashing Machine etc are trailing behind us in financial terms; and eventually, money wins.




*Being deliberately vague so we don't get hung up on the exact amount
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What? Are you Daniel levys son?

What are you talking about?
 
We have so many Levy bots and fan Bois that think someone is a genius to build a stadium for a billion pounds. Of our money.

Yet it was 2 years over running and nearly twice the budget.

Hardly a genius..


levy is an inept chairman. I could give 75% of this forum 1 billion pounds to build a stadium and they would do better
 
Batspur said:
We have so many Levy bots and fan Bois that think someone is a genius to build a stadium for a billion pounds. Of our money.

Yet it was 2 years over running and nearly twice the budget.

Hardly a genius..


levy is an inept chairman. I could give 75% of this forum 1 billion pounds to build a stadium and they would do better
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Whose money?
 
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