ENIC

[Lilbaz]

What's going on there is massively interesting. The approach, the model....I'm finding it hard to see how it can work out. Obviously there might be a great team within that group but it's going to take some working thru, and the cost of the ones that don't make the grade is crippling, especially as in essence it's investor led. Which makes you think there has got to be more to it?

I'm not sure how they even offload those that don't make the grade. Selling for less than the book price would still be a loss. Which would be considered in ffp (or whatever it is called now).

Yes if the conspiracy theories are correct the saudis might come to the rescue.

 

[Finney Is Back]

Ok i'll save everyone the bother.

Our turnover in the last financials was £440m.

We spent £248.6m on players this summer.

That is 56.5% of turnover. 6.5% more than liverpool with their sugar daddy, as has been claimed.

I will just nitpick and correct the fact that you have taken THFC's turnover in GBP but the transfer spend in EUR which inflates your percentage (It was £213 so 48% of turnover and therefore not 6.5% more than Liverpool). Though I don't think that detracts from your argument too much. I would even say that if we keep on spending at a similar level to what we have done last summer and this summer for the next couple of years, while not also making significant sales to offset a decent portion of that spend then I suspect we may well achieve trophy success as our young team matures.

Of course also having the right people choosing which players to spend that money on (which may well be the case after a good few years where it certainly was not) will also be important.

 

[Bedfordspurs]

What's going on there is massively interesting. The approach, the model....I'm finding it hard to see how it can work out. Obviously there might be a great team within that group but it's going to take some working thru, and the cost of the ones that don't make the grade is crippling, especially as in essence it's investor led. Which makes you think there has got to be more to it?

Pass
I dont think anyone knows unless they are part of the company that owns the club
But the “experts” can’t piece the plan together either

 

[Bedfordspurs]

I will just nitpick and correct the fact that you have taken THFC's turnover in GBP but the transfer spend in EUR which inflates your percentage (It was £213 so 48% of turnover and therefore not 6.5% more than Liverpool). Though I don't think that detracts from your argument too much. I would even say that if we keep on spending at a similar level to what we have done last summer and this summer for the next couple of years, while not also making significant sales to offset a decent portion of that spend then I suspect we may well achieve trophy success as our young team matures.

Of course also having the right people choosing which players to spend that money on (which may well be the case after a good few years where it certainly was not) will also be important.

I actually think there is more scope to bring through the in house youngsters
I don’t know anyone at the club anymore but the people I know in the game are all lower level but prem clubs and they all have said multiple times that our crop of youngsters is the best we have had in a very long time.
The villa guy I know I saw again yesterday and he was bigging up the spurs under 21s who he went to see play Blackburn I think he said. He think that teams fire power is immense for its age group
That has to bear fruit if given the opportunities and that could help fill sawdust spaces
Which in theory… means more money for one or two top picks if that’s what we want. Maybe a £100m on a Ferguson in a years time (yeah he will have even bigger suitors)
But this being spurs we could all let it got to rat brick as quickly as make something out of it

 

[Lilbaz]

I will just nitpick and correct the fact that you have taken THFC's turnover in GBP but the transfer spend in EUR which inflates your percentage (It was £213 so 48% of turnover and therefore not 6.5% more than Liverpool). Though I don't think that detracts from your argument too much. I would even say that if we keep on spending at a similar level to what we have done last summer and this summer for the next couple of years, while not also making significant sales to offset a decent portion of that spend then I suspect we may well achieve trophy success as our young team matures.

Of course also having the right people choosing which players to spend that money on (which may well be the case after a good few years where it certainly was not) will also be important.

Been to the pub and didn't notice transfermarkts values was in euros. My appologies.

 

[Lilbaz]

Pass
I dont think anyone knows unless they are part of the company that owns the club
But the “experts” can’t piece the plan together either

Ft article on clear lake. They like to buy fatten up and spin in 5 years. Not sure how that will work in football.

https://www.ft.com/content/f5a4435d-7ebf-4b00-a156-403a468bb964

 

[Bedfordspurs]

Ft article on clear lake. They like to buy fatten up and spin in 5 years. Not sure how that will work in football.

https://www.ft.com/content/f5a4435d-7ebf-4b00-a156-403a468bb964

Everything I’ve read about Clearlake makes sense
Other than buying a football club with a premium fee and no infrastructure
They aren’t knowing for building things

 

[metalgear]

Thats why Munn has come in, he will take over, effectively as chairman, for all footballing operations, Kline the same with Commercial and Levy will oversee everything and concentrate on Destination Tottenham project as it phases up

So Levy outed himself

 

[metalgear]

Financially though this all goes through the club books as things stand - the additional debt for the build costs then one day the income, hotel bookings and then the residential property rents or whatever.
And when enic sell all this other real estate business goes with the football?

I guess it doesn’t matter - but it does intrigue me as it seems pretty unusual.

Surely it must be hived off as a separate business for tax and reporting etc?

Makes sense to lump it all together initially in getting loans, the football club and stadium as collateral. But yeah maybe with Munn it paves the way for the separation of specialised businesses with Thfc as a holding company.

 

[metalgear]

I think they're gambling on player inflation to continue at a huge rate.

Which they did successfully with players much younger

 

[Lilbaz]

Which they did successfully with players much younger

It will only be successful if they get a return. Are we going to get our money back on sess or ndombele?

 

[afsoc4life]

Nagelsmann is considered the favourite for the role but is still under contract with Bayern Munich, who could ask the German FA for a fee for the 36-year-old.

Could the above be why we didn't get him? We would have to pay to get him.

 

[Bedfordspurs]

Which they did successfully with players much younger

Such as?

 

[Raziel]

Nagelsmann is considered the favourite for the role but is still under contract with Bayern Munich, who could ask the German FA for a fee for the 36-year-old.

Could the above be why we didn't get him? We would have to pay to get him.

Was known at time and before we contacted him. Bayern is trying to have their cake and eat it to, actually firing Nagelsmann is potentially very expensive, so they did the gardening leave brick and hoping someone buys them out. With German worker laws, not sure how long they can pull that off without some implied "making him unemployable" issue.

I think we need to accept ENIC/Levy simply chose not to go with Nagelsmann/Poch others (and yes, perhaps Nagelsmann wanted certain assurances), right now, looks like a good call.

 

[metalgear]

Such as?

Check out their player trading income over the last few years.

 

[DubaiSpur]

I think we need to accept ENIC/Levy simply chose not to go with Nagelsmann/Poch others (and yes, perhaps Nagelsmann wanted certain assurances), right now, looks like a good call.

This is only my guess, but I would guess both did. Both probably wanted assurances re: not selling Kane, while we know now that the club were heading into the window with the aim of preemptively spending the money they would get from a Kane sale, so they were pretty set on it.

Wouldn't be surprised if that was what ultimately torpedoed moves for both and led to us picking a manager who didn't mind if we did sell Kane (though, also to be fair to him, Postecoglou didn't mince words in the pre-match presser on Friday when he implied it wasn't pleasant losing the club's best ever player - think he also didn't like it, but maybe was more willing to go along with it than Poch/Nagelsmann would have been).

 

[Bedfordspurs]

Check out their player trading income over the last few years.

So before the new owners
And not players they brought
They have lost loads of money on players they have brought

 

[metalgear]

So before the new owners
And not players they brought
They have lost loads of money on players they have brought

Yes i think Boehly is taking a leaf out of their hoovering young talents and applying it young starting players.
They are buying up a lot of talent and yes they may be losing money on some but plenty of potential to waiting to be unlocked.

 

[Gazza]

Yes i think Boehly is taking a leaf out of their hoovering young talents and applying it young starting players.
They are buying up a lot of talent and yes they may be losing money on some but plenty of potential to waiting to be unlocked.

They are buying going players like they are going to run out ... problem is that the players Look bang average and they could not be building a team of youngsters that will have mental blocks

 

[Bedfordspurs]

Yes i think Boehly is taking a leaf out of their hoovering young talents and applying it young starting players.
They are buying up a lot of talent and yes they may be losing money on some but plenty of potential to waiting to be unlocked.

Or a huge loss on players they have massively overpaid for