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Northumberland Development Project - Open For Business

Discussion in 'Spurs News & Views' started by Jordinho, 12 Feb 2013.

  1. DubSpur

    DubSpur Steed Malbranque

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    When have "Levy and Co" ever removed a penny out of the club?
     
  2. Bedfordspurs

    Bedfordspurs Mel Hopkins

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    When they brought the yacht
     
  3. Gazza

    Gazza Vedran Corluka

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    Who is paid 2m a year?
     
  4. parklane1

    parklane1 Willie Hall

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    You think he should do what he does for free?
     
    DubSpur likes this.
  5. Bedfordspurs

    Bedfordspurs Mel Hopkins

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    From the club he owns
     
    DTA likes this.
  6. Gazza

    Gazza Vedran Corluka

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    No but he is the highest paid chairman without delivery of any trophies. Paid an inflated fee when we often scraping around for players.
     
  7. Bedfordspurs

    Bedfordspurs Mel Hopkins

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    Or put it another way …l his salary is in lieu of any dividends he could take as an owner if the club

    he is very very different from nearly all the people in his position in every club in the league in that he owns a significant chunk of the club
     
  8. Lilbaz

    Lilbaz Neil Ruddock

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    His family does. No idea how many it's split between.
     
  9. Bedfordspurs

    Bedfordspurs Mel Hopkins

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    Levy owns about 30% of the club via his share in ENIC
    The remainder is owned by Joe Lewis and his family via his shares in ENIC
    There is a minority holding spared between many shareholders of about 14% last time I looked
     
  10. Lilbaz

    Lilbaz Neil Ruddock

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    Levys family owns 29.4% of enic group.

    https://en.m.wikipedia.org/wiki/ENIC_Group

    Enic own 85% of spurs.
     
    Finney Is Back likes this.
  11. Raziel

    Raziel Les Ferdinand

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    This is a dead end argument mate, we have done this a thousand times

    - There are people on this board who believe the only good owners are those that lose money on the club (not understanding that is fundamentally bad business which isn't actually good for the club in the long run) and/or only attracts a certain type of ownership you probably don't want to be associated with.
    - Levy/ENIC for the most part have Spurs "self sustaining", which when you get Spurs is actually making more money all the time under their stewardship means more money will get to team (that's always ignored) and hence eventually results.
    - Then you have the Glazzer's type who will show you how to truly fudge a club.

    But that's nuance, much easier to go extreme and pick black or white ..
     
  12. Bedfordspurs

    Bedfordspurs Mel Hopkins

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    I have read quite a few reports on ENIC and Tavistock group and it’s never mentioned family on Levy’s side
    But either way… he owns a BIG chunk of the club and would be entitled to take a share of the profits in lieu of a salary which is actually more tax efficient
     
  13. Bedfordspurs

    Bedfordspurs Mel Hopkins

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    Levy has gone from a man who owned a chunk of Mr Byrite through his family to now having a share of A mega sporting club worth probably around £300m to him alone
    He has done that without actually putting much money in at all
    The are many things he has done well, clearly. There are also many things he could have done better
    But the guy is now ultimately worth a lot, lot, lot more because of the work he has had a massive involvement in
     
    metalgear likes this.
  14. Raziel

    Raziel Les Ferdinand

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    From an asset perspective ENIC/Levy have done extremely well, albeit having had to play a very long patient game (20 years on a return is a long fudging time)

    Could they have risked more, made better decisions = absolutely, but how much of that is hindsight, or just not knowing enough of the details for decisions at the time?

    What Levy deserves credit for, is the club is capable of (and we will se this in next 2 years) of generating income with the big boys now, that means even after bad years or bad decisions we will be able to buy ourselves out of trouble (we have future proofed the club), that is a long cry from the club with a 33K seater stadium and a income deficit of half or more of the bigger teams.
     
  15. Bedfordspurs

    Bedfordspurs Mel Hopkins

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    But if we hadn’t invested in the stadium we could have backed Poch
    We could have had more Ndubs and Vinny Jannsens
    And I am being sarcastic by the way
     
    metalgear likes this.
  16. Lilbaz

    Lilbaz Neil Ruddock

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    He doesn't decide his pay. The board will. Enic could also limit any raise.

    It's not what you deserve in life it's what you negotiate. Levy is a good negotiator. Good luck to him. It's not outrageous.

    I believe that it's levy and his two brothers jonathan and robert that own the shares in enic. As they all 3 ran blue inc inherrited from their father barry.
     
  17. SpurMeUp

    SpurMeUp Dimitar Berbatov

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    This is it. If he took a dividend he’d have to give joe Lewis his proportion - around 70% of the dividend - so taking a large salary costs Spurs less than taking a dividend.


    Sitting on my porcelain throne using glory-glory.co.uk mobile app
     
    Last edited: 25 Jul 2021
    Bedfordspurs likes this.
  18. Bedfordspurs

    Bedfordspurs Mel Hopkins

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    Blue inc is nothing to do with Enic
    His brothers have no shares in Enic
     
  19. milo

    milo Paul Miller Staff Member

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    Woodward is paid more
     
  20. metalgear

    metalgear Paul Walsh

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    Just curious... Who are the board members and are they actually working Levy? Or do they belong to an old boys club busy paying each other off in as many creative ways as possible.
    Sent from my SM-T865 using glory-glory.co.uk mobile app
     

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