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ENIC

Discussion in 'Spurs News & Views' started by mattls, 1 Feb 2013.

  1. tommysvr

    tommysvr Mido

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    Agree with this, and more important than a superstar player is the right player for our system. If Conte is committed then we can sign WB rather than FB. Midfielders that suit his style etc. No more blowing £50m on a player because they're ripped up a league. Buy them to suit how we play, like Bentancur and Kulu.
     
  2. Bedfordspurs

    Bedfordspurs Micky Hazard

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    And take freebies if they suit too… eriksen please
     
    Bullet and harr1984 like this.
  3. Finney Is Back

    Finney Is Back Ian Walker

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    Majority owner has seen the value of his asset value go up from £80m to £3b(?) in 21 years, with the value still appreciating at pace. He has had pretty much zero hard yards until just the other day (the first actual investment made into the business).

    I don’t think there is an investment fund on earth that would’ve sold Spurs over these past 15 years unless it had got into financial difficulties and needed liquidity.
     
    K.D.D.D.D.Soc likes this.
  4. metalgear

    metalgear Jack Jull

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    Better if you consider we will recoup some funds through sales. If our recruitment is as good as before.

    Sent from my SM-T865 using Fapatalk
     
    harr1984 likes this.
  5. ricky2tricky4city

    ricky2tricky4city Rafael Van Der Vaart

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    There's a string of owners at other clubs that would suggest otherwise. Plenty have given up and exited. And they didn't even have a long drawn out battle to build a stadium. But yeah, it's been plain sailing:rolleyes:

    Levy is excellent at what he does, and that includes being dertermined and resilient. That's why the majority owner hasn't sold, because of the part owner sailing the ship.
     
    FatBloke likes this.
  6. Bishop

    Bishop Mauricio Taricco

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    80m on VVD was a risk, 56m on Allison was a risk. This is what he's referring to. If those signings had missed they didn't have another 136m just lying around to spend big again.

    Sent from my XQ-BC72 using Fapatalk
     
  7. Raziel

    Raziel Paul Walsh

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    - Regardless of if you have £20M or £2B, how you spend it is the most important thing

    - However, it's £150M more than we would have had, it's on top of any money available as usual (CL revenue expected), and on top of player sales. In addition that simply needs to cover a portion of the spend (these will not be cash up front buys)

    - My opinion (just that) is the approach will be
    6-8 players required
    2-3 free pickups
    2 pickups in last year(s) of contract (<£20M)
    1-2 gambles/lesser known (<£20M)
    2 expensive players (~£60M)
     
  8. ricky2tricky4city

    ricky2tricky4city Rafael Van Der Vaart

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    The one point worth noting on the announcement is the funding can be taken in tranches up to the end of the year (not season).

    So it's a one window opportunity in regards to transfers.

    Unless they remove that condition.
     
    Raziel likes this.
  9. DubSpur

    DubSpur Tim Sherwood

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    They can take up the funding but not use it all before the end of the year, keep some until Jan transfer window.
     
    Finney Is Back likes this.
  10. Finney Is Back

    Finney Is Back Ian Walker

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    Sorry but Lewis (the majority owner) has made a HUGE amount on his investment with absolutely zero hard yards. His asset value has gone up pretty much every year since ownership (perhaps the Covid period aside). The asset value almost went through the roof with ESL as well (and that is probably still to come in some shape or form). If you can show me an investment fund that would sell such an asset then I’ll make sure I put them on my ‘do not invest’ list :D

    Levy (our minority owner) has, by and large, been a good chairman and been paid FTSE 100 CEO money and top/second highest pay in PL to reward him for being a good chairman (as well as also turning himself from a smallish millionaire to almost a billionaire via his stake in the club).
     
  11. ricky2tricky4city

    ricky2tricky4city Rafael Van Der Vaart

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    I don't think it will be a problem. It's not like it's outsider funding, it's literally the owners speculating to accumulate....if it going well (and spent well) they're hardly going to curtail it.
     
  12. monkeybarry

    monkeybarry Chris Perry

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    It's not contradictory in the slightest.
    Your point actually highlights why. Bentancur and Kulu were signed because we needed to be wise.
    Our record when we have money burning a hole in our pocket is generally very poor.
    Romero is an exception.
    Hugo too.
    Otherwise I struggle to think of too many big money signings we got right. But lots we didn't.

    Hopefully we'll take the approach to look for Verts, Toby, Kulu, Son type signings instead of the Ndombele, Lo Celso, Sanchez, Soldado ones.

    Add in a couple of Bale and Dele types ones and it'll be a good balance.
     
  13. Finney Is Back

    Finney Is Back Ian Walker

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    I disagree that it doesn’t go far…. If we assume that we already had the cash flow to make Kulusevski and Romero permanent and meet our transfer payment commitments for players already purchased then one could use £150m as follows (without even factoring in any sales):

    1. GK. Forster (£0)
    2. RWB. Spence (£15m)
    3. LWB. Kostic (£12m)
    4. CB. Nd!cka (£30m)
    5. CM. Bissouma/Palhinha/Phillips/De Jong (£30-£60m)
    6. AM. Eriksen (£0)
    7. CF/WF. Deepay/De Kettelaere (£15-30m)

    5 or 6 players that immediately fight for a first team place.

    if selling players on top of that and using those funds to add to the budget then Nd!cka could instead be Bastoni, Deepay/De Kettelaere could become Nunez or Lautaro Martinez and Kostic could become Carrasco.
     
  14. monkeybarry

    monkeybarry Chris Perry

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    You've just perfectly highlighted my point.
    Those are shrewd signings.
    Our history when we have a windfall is not shrewd.
    Hopefully we do it sensibly this time. It looks like we will.
    I'd add a bit to all those values - clubs know we have money.
     
  15. ricky2tricky4city

    ricky2tricky4city Rafael Van Der Vaart

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    @Raziel said there were various points they c.ould of sold up, and thats fair comment.
     
    Last edited: 26 May 2022
  16. ricky2tricky4city

    ricky2tricky4city Rafael Van Der Vaart

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    Since Pochs last summer window, our business has largely been poor.
    BUT since Paratici has arrived it's been largely good. And thats who has the reigns at the moment, so we proceed with a modicum of trust (hope:))

    In a roundabout way the £150m is like a reset. It smooths over all the brick business we have done and allows us (City/Chelsea stylee) to forget about the duds we bought. To be honest, it (the equity injection) felt like the only way the Spurs/Conte project made sense, ie it had to happen.
     
    monkeybarry likes this.
  17. braineclipse

    braineclipse Gary Stevens

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    Since well before the last window under Pochettino too imo. If anything it got a bit better when Mourinho got here, but still not at the level we've seen so far with Paratici and Conte.

    Can only hope they maintain their good success rate with more money to spend. Both relatively big money deals and cheaper/shrewder deals should be targeted imo.
     
    ricky2tricky4city likes this.
  18. Craig_J

    Craig_J Gudni Bergsson

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    I think the most positive thing we can take from this investment, besides the obvious of what it could do to our playing squad, is that we have a chairman who is very much aware of his own short comings and failures and that he isn't afraid to admit when his planning has produced poor results. He's a lot more open and a lot less closed off then a lot of people give him credit for, and compared to a lot of other owners, who generally make the same mistakes and stubbornly refuse to change their approach.

    We saw signs of this in our All Or Nothing documentary when Levy said he's aware he has a reputation of being stingy. He knows under Poch an opportunity was missed after the Champions League final defeat to back the manager more seriously, and that it led to us regressing - costing us so much more money to fix than would have been spent backing him, and lowering our standing in the footballing world pretty seriously.

    He's appointed Paratici as he knows he can oversee the footballing side of business better than he ever can. He appointed Nuno, but wasn't afraid to pay him off early when initial signs were not promising, and hire Conte to come in and try and get us back on track. He's then put his money where his mouth is and trusted our Italian duo to handle ENIC's own money carefully. He's finally 'daring to do' and taking a calculated risk now that we have a manager who's proven his competency over the past season.

    Have to say huge fair play to Levy for improving his approach over the years. Particularly when the stadium debt would have provided him with a very easy way of fighting off accusations of being tight without putting his hand in his own pocket.

    Stands us in good steed that we have a chairman who's prepared to learn from past mistakes.
     
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  19. DubSpur

    DubSpur Tim Sherwood

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    He did back him after the CL final. The issue wasn't the backing Poch got, but the players he spent the money on.
     
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  20. Gutter Boy

    Gutter Boy Tim Sherwood

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    Or that he sacked the manager about 8 weeks after he'd given him £100m+ to spend, and brought in a manager that played the complete polar opposite style.

    I still think it was a sliding doors moment, and that Lo Celso and Ndombele could have been big hits under a nurturing personality, possession-based system coach.
     
    Craig_J, Finney Is Back and metalgear like this.

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