ENIC

[Baleforce]

A valid pov.

All dependent on how financially underpinned we are by the owners.

Are they lenders of last resort?
Eg. Lightweight versions of Roman

I’d say if they were so confident of a return it would be their money rather than a loan against future earnings.

Personally I was much happier with the way Levy ran the place than what I’ve seen since he left.

 

[Lemonade Money]

Don't see what the big debate is - we are moving in a different way now, and from a footballing perspective it's more positive. The only question is whether we sustain it or not, but in regards to how we moved under Levy it's apples and oranges....

The debate is, Levy never gambled, and that's what people held against him. Now the Nepo's are gambling, let's hope they are lucky.

 

[thfcsteff]

I don’t agree with that, I don’t think we are acting like a serious club at all, I think we are taking massive risks and I don’t like the financial moves being made, it’s the kinda sketchy brick I’d expect from Chelsea or United.

Unfortunately, this is modern football if you want to 'compete' with the very top for trophies. Philosophically, I agree with you. Coldly -looking at the state of the game today- well, this is how you break into the trophy circles...it is why I felt double-gutted re: 2019, because we so nearly did it without any of that flimflam. And it is also why I think our Europa victory was massively underrated (even Villa overspent themselves into their current 'issue's in winning theirs). Someone will say Leicester, but they bent spending rules to get promoted the previous year...sadly we are where we are and the 'game' is most certainly getting weirder and weirder!

 

[Finney Is Back]

Indeed, saying Levy would never have completed these deals when he did many many comparable ones, the likes of Ndombele and Soldado, people forget them because they failed.

Two players who had never played in the PL. This is very different from that.

 

[Finney Is Back]

The debate is, Levy never gambled, and that's what people held against him. Now the Nepo's are gambling, let's hope they are lucky.

I’d argue that this is less of a gamble, signing players who have already proven they can cope with PL football.

 

[Baleforce]

Unfortunately, this is modern football if you want to 'compete' with the very top for trophies. Philosophically, I agree with you. Coldly -looking at the state of the game today- well, this is how you break into the trophy circles...it is why I felt double-gutted re: 2019, because we so nearly did it without any of that flimflam. And it is also why I think our Europa victory was massively underrated (even Villa overspent themselves into their current 'issue's in winning theirs). Someone will say Leicester, but they bent spending rules to get promoted the previous year...sadly we are where we are and the 'game' is most certainly getting weirder and weirder!

Trophies should be a by product of good practice.

In the current environment I don’t think chasing them is worth the risk.

I don’t care if we never win anything as long as we are well run and in the CL regularly.

 

[Finney Is Back]

Trophies should be a by product of good practice.

In the current environment I don’t think chasing them is worth the risk.

I don’t care if we never win anything as long as we are well run and in the CL regularly.

Hello Daniel.

(The problem is that when your aim is to just qualify and you’re competing against teams who’s aim is to win then you soon find yourself no longer competing).

 

[SirPercyHotspur]

Considering the financial expertise on the board at Spurs not sure why taking money out in a lump sum which will be covered by future guaranteed revenue is a problem . If it's true that it's £90 million that will easily be covered by PL prize money even if we finish bottom , couple of seasons ago Southampton finished bottom and received £109 million in PL league position & TV money so even with interest payments the money we have taken doesn't seem excessive.
He is non exec chairman but Peter Charrington is vastly experienced in the financial world , we also have Jonathon Turner our independent director also vastly experienced in the financial world and also Collecott who has been around since year dot, would have thought if Vinai was taking risks in taking loans they would all be asking questions.
Maybe we are going in a different financial direction to Levy but the Lewis family promised change and they are keeping their word.

 

[harr1984]

I’d argue that this is less of a gamble, signing players who have already proven they can cope with PL football.

Not even sure what the big gamble is supposed to be, our net spend is nothing out of the ordinary....

 

[ricky2tricky4city]

Unfortunately, this is modern football if you want to 'compete' with the very top for trophies. Philosophically, I agree with you. Coldly -looking at the state of the game today- well, this is how you break into the trophy circles...it is why I felt double-gutted re: 2019, because we so nearly did it without any of that flimflam. And it is also why I think our Europa victory was massively underrated (even Villa overspent themselves into their current 'issue's in winning theirs). Someone will say Leicester, but they bent spending rules to get promoted the previous year...sadly we are where we are and the 'game' is most certainly getting weirder and weirder!

You speak the truth Steff, and that's now the only valid way of looking at it.

I'm was right with you, wanting to climb the mountain the 'right way'.

But, as we have seen, the big teams in your way, never get any punishment of consequence. Levy was a stickler for governance and sustainability BUT it looks like he was in the wrong business. All power to him for trying to be on the right side of it.

As I said in another post, we have a floor/foundation 99% of other clubs don't have (one legacy Levy does leave), so we can get up to all kinds of shenanigans and hopefully stay on our feet. Hopefully the kids bring some financial security themselves (well they are rich after all), so we are then double handed to ride the bumps in the road.

Let's have some fun!!

 

[ricky2tricky4city]

Two players who had never played in the PL. This is very different from that.

We bought loads of big price players with no PL experience that did more than alright.

 

[ricky2tricky4city]

Not even sure what the big gamble is supposed to be, our net spend is nothing out of the ordinary....

....not on the 22nd Aug, no.

 

[ricky2tricky4city]

I’d argue that this is less of a gamble, signing players who have already proven they can cope with PL football.

Just to continue your silly game......Johnson, Richie, Solanke,

 

[ricky2tricky4city]

Considering the financial expertise on the board at Spurs not sure why taking money out in a lump sum which will be covered by future guaranteed revenue is a problem . If it's true that it's £90 million that will easily be covered by PL prize money even if we finish bottom , couple of seasons ago Southampton finished bottom and received £109 million in PL league position & TV money so even with interest payments the money we have taken doesn't seem excessive.
He is non exec chairman but Peter Charrington is vastly experienced in the financial world , we also have Jonathon Turner our independent director also vastly experienced in the financial world and also Collecott who has been around since year dot, would have thought if Vinai was taking risks in taking loans they would all be asking questions.
Maybe we are going in a different financial direction to Levy but the Lewis family promised change and they are keeping their word.

Borrowing money from the future is never a good idea...as when you get to the future and those revenues are not yours anymore, it catches up with you. No different to payday loans.

I'd imagine the kids might not have direct instant access to big cash lump sums, so that might be the reason.

Cash flow had become tight at Spurs as our cash pile had shrunk over 2-3 years.
We have big transfer debt that I guess (without looking at the detail) equals quite hefty stage payments for our various signings over the years. So some lubrication needed

It doesn't worry me as much as other clubs as the stadium is a cash machine.

But it is expensive debt, and the club carries a fair amount of debt already (luckily not expensive)

I wouldn't be surprised if the mention of this type of borrowing would have caused a clash between Levy and the kids.

 

[Finney Is Back]

We bought loads of big price players with no PL experience that did more than alright.

Perhaps, but do you think it is more of a gamble to sign somebody who has proven they can cope with the physicality of the PL or not?

 

[Finney Is Back]

Just to continue your silly game......Johnson, Richie, Solanke,

Top scorer for the season, his goal won us the Europa league and we sold him for only a small loss.
Our top scorer last season
A player that looked pretty good in his first season under Ange and has been difficult to judge since due to his injuries last season

To continue your silly game…. Ndombele, Lo Celso, Soldado.

 

[Finney Is Back]

Not even sure what the big gamble is supposed to be, our net spend is nothing out of the ordinary....

I think it is just the Levy worshipers wanting to cling on to something mate.

 

[MartyFunkhouser]

Perhaps, but do you think it is more of a gamble to sign somebody who has proven they can cope with the physicality of the PL or not?

Any transfers a gamble, Enic, Lewis' and DL aside. All footballing circumstances a player knows home or abroad change as soon as you leave the comfort of your original success.

To bring it into our own circumstances now, I dont think every signing we are making is exactly PL proven either, PL experienced but proven in terms of outstanding success at the top level, not all of them are