ENIC

[metalgear]

We simply had to elevate from refusing to pay top wages and being unable to move decisively on our top targets. Now that we are doing that, there’s no reason we can’t win trophies consistently.

i wonder why we could not execute earlier though. maybe its got to do with levy's minority but still significant holdings.

 

[billyiddo]

i wonder why we could not execute earlier though. maybe its got to do with levy's minority but still significant holdings.

The have invested capital in the club over the past two seasons and also borrowed against future earnings - Levy doesn't have the personal wealth that Joe Lewis' kids have and from what we have seen over the 25 years previous would probably not look favourably against borrowing against future earnings.

 

[clownfoot]

I don’t mind saying I was cynical of the Nepos and VV after the car crash of last season. The attempt to control the narrative and have the press refer to them as the Lewis family rather than ENIC despite it still being the latter who control the club made me think it was an exercise in optics rather than any significant change in approach. The statement at the end of the season (from Charrington I think?) didn’t convince me, but their actions this summer have. Don’t get me wrong, these signings could all flop and just spending money can backfire as we saw with Liverpool last season, but there seems to have been a shift in approach of the club and how it is trying to operate.

It’s been a long time coming

 

[glasgowspur]

Spurs won't pay the fee. Busted it.
Spurs don't pay the wages. Ramped them up.
Now it is net spend.
If we end the window with savinho and marmoush* on top of who we've already brought in and still have a net zero or close to net spend that is not a bad thing.
It will be spun as one by the media, but it really isn't.
We will have a very good squad and money in the bank to react to any weaknesses that may show up between now and next season.

*still think gakpo will be here as well.

 

[metalgear]

The have invested capital in the club over the past two seasons and also borrowed against future earnings - Levy doesn't have the personal wealth that Joe Lewis' kids have and from what we have seen over the 25 years previous would probably not look favourably against borrowing against future earnings.

so its more about borrowing from future earnings.
levy could have just allowed the lewis family to invest more and accepted the dilution of his his share.

 

[billyiddo]

so its more about borrowing from future earnings.
levy could have just allowed the lewis family to invest more and accepted the dilution of his his share.

Given that he spoke about needing investment and was reportedly courting investment my guess is that it's only since the kids have stepped up their involvement in running things that investment via the Lewis's became an option. Makes no sense that Levy would have been blocking them from doing so

 

[MartyFunkhouser]

so its more about borrowing from future earnings.
levy could have just allowed the lewis family to invest more and accepted the dilution of his his share.

Of course, but equally they have taken two pay day loans for football, so I am not sure there was always so much interest in investing their own money.

Its not always the case of what is true today would have been true then either, I suppose we will never know

Ultimately to repeat myself from before, the Lewis family hold all the power and always did, their decision to invest now could have been taken in the past but they were seemingly happy with the value of their future inheritance to rise along with Levy doing the work to make that happen. You could make a strong argument that with themselves in the fan firing line and not Levy to deflect bullets, they took the decision to change tact knowing the 290m investment (in total with the loans) would be a drop in the ocean given the clubs worth 4bn and the club would be responsible for the repayment of 190m of that to those loan sharks in the US

 

[ricky2tricky4city]

This is how almost every major business on the planet operates.

Amazon - $252B
Apple - $84B
Berkshire Hathaway - $129B
BP - $74B
Google - $98B
Meta - $84B
Microsoft - $57B
Nvidia - $12B
Samsung - $19B
Saudi Amraco - $101B
Shell - $76B
Tesla - $16B

Yet it's true to say (and most businessman who have been involved in football say) no other business/industry is like football.

 

[Bishop]

Of course, but equally they have taken two pay day loans for football, so I am not sure there was always so much interest in investing their own money.

Its not always the case of what is true today would have been true then either, I suppose we will never know

Ultimately to repeat myself from before, the Lewis family hold all the power and always did, their decision to invest now could have been taken in the past but they were seemingly happy with the value of their future inheritance to rise along with Levy doing the work to make that happen. You could make a strong argument that with themselves in the fan firing line and not Levy to deflect bullets, they took the decision to change tact knowing the 290m investment (in total with the loans) would be a drop in the ocean given the clubs worth 4bn and the club would be responsible for the repayment of 190m of that to those loan sharks in the US

I think it could be as simple as Joe Lewis having no real interest in either investing into the club nor with winning thing in the pitch. His concern seems more aligned to profitability and the value of his asset.

Now he's no longer running things, his children have more desire for success and have the power to make changes. They probably clashed with Levy about the direction wanted to go in and so got rid of him.