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Has Levy Raised The White Flag?

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posted on 10/6/21

We are essentially owned by a multi billionaire, if there is a reason why Lewis could not loan the club £200m - £300m or whatever, I would love to hear it.

The problem is, ENIC are insistent on running the club at a profit at all times, they will not speculate to accumulate or compromise the balance sheet.

Best business practice this may be, but it has already proven that it will not put trophies in the cabinet, or keep top players.

posted on 10/6/21

I'm not going to pass judgement on Fonseca as I just don't know enough about him. I've read a few Roma fan sites and an interview he gave to the Athletic and far as I can tell he's a decent guy, liked by the players and fans, and plays attacking football. Seems like injuries derailed their season a bit so who knows.

As for the finances, I think it's been pretty clear for a while that things are pretty murky. The pandemic hit at the worst possible time and after the season we've just had a lot of players lost significant sell on value.

I'm not defending them (as it's their mess) but surely ENIC can only be as ambitious as the bank balance allows.

posted on 10/6/21

Did Levy maybe bank on the ESL going through do you think?

It just seems coincidental how that all came about and then you sacked Mourinho who is/was due large amounts of compensation and ultimately cost millions as well and now you've been left seemingly high and dry looking for a manager now rather than an actually looking to appoint a manager that will do you well. This guy seems like he may be a stop gap for however long.

posted on 10/6/21

Is the club’s finances in more dire straights than we are aware of?
--------

Genuine interest, Spurs fans have seen arsenal move to a new stadium and undergo 10 years of financial struggles. Did y'all seriously think Spurs would be anything different?

posted on 10/6/21

comment by Huddlestone's Afro - Rock you like a HurriKane! (U15375)
posted 0 seconds ago
I'm not going to pass judgement on Fonseca as I just don't know enough about him. I've read a few Roma fan sites and an interview he gave to the Athletic and far as I can tell he's a decent guy, liked by the players and fans, and plays attacking football. Seems like injuries derailed their season a bit so who knows.

As for the finances, I think it's been pretty clear for a while that things are pretty murky. The pandemic hit at the worst possible time and after the season we've just had a lot of players lost significant sell on value.

I'm not defending them (as it's their mess) but surely ENIC can only be as ambitious as the bank balance allows.
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I should add, they run for profit as Billy says - they aren't going to sink the clubs finances for trophies

posted on 10/6/21

they're a bunch of fecking charlatans. Levy clearly has enough money to buy a manager out of a contract. He was pushing for Poch which would have meant a contract buy out. He was nearly over the line with Conte on what would have been 20m a year. The money IS there if he needs it. He's chosen not to and followed form.

I'm seriously done with the club. I'm not going to any home or away fixture next season. I've got better things to do with my time than that. I might watch their highlights on MOTD but I'm just done. It's sickening.

posted on 10/6/21

comment by fridgeboy (U1053)
posted 5 minutes ago
they're a bunch of fecking charlatans. Levy clearly has enough money to buy a manager out of a contract. He was pushing for Poch which would have meant a contract buy out. He was nearly over the line with Conte on what would have been 20m a year. The money IS there if he needs it. He's chosen not to and followed form.

I'm seriously done with the club. I'm not going to any home or away fixture next season. I've got better things to do with my time than that. I might watch their highlights on MOTD but I'm just done. It's sickening.
----------------------------------------------------------------------


This

posted on 10/6/21

comment by ● Billy The Yidd ● 2020* 2021* (U3924)
posted 5 minutes ago
We are essentially owned by a multi billionaire, if there is a reason why Lewis could not loan the club £200m - £300m or whatever, I would love to hear it.

The problem is, ENIC are insistent on running the club at a profit at all times, they will not speculate to accumulate or compromise the balance sheet.

Best business practice this may be, but it has already proven that it will not put trophies in the cabinet, or keep top players.
----------------------------------------------------------------------

You're going back nearly a decade last time we lost top players.
And been in cup finals in that time, as well as being serious challengers for the PL, so playing devil's advocate, it's shown it can work as being one game away from a few trophies is the players not getting it over the line, not the ownership.

posted on 10/6/21

I get that it's not Fonseca's fault but I honestly don't care what that guy thinks. I'd like to think every Spurs fan will be walking down the High Road with burning torches after this. We can't let ENIC keep doing this.

Building the stadium was like the marquee, world class signing for the business. The business. Not the pitch. Revenue is gained from TV rights these days, not gate receipts so it will make little difference to our transfer budget. It just lines the coffers of the owners a little more. They will never, ever spend money. Not really. We had a chance, when Poch was here to really kick on. We didn't. That's the true measure of the club.

I want them gone now and I don't really care who comes in to replace them. We're in purgatory right now.

posted on 10/6/21

comment by fridgeboy (U1053)
posted 7 minutes ago
they're a bunch of fecking charlatans. Levy clearly has enough money to buy a manager out of a contract. He was pushing for Poch which would have meant a contract buy out. He was nearly over the line with Conte on what would have been 20m a year. The money IS there if he needs it. He's chosen not to and followed form.

I'm seriously done with the club. I'm not going to any home or away fixture next season. I've got better things to do with my time than that. I might watch their highlights on MOTD but I'm just done. It's sickening.
----------------------------------------------------------------------
Was he really "pushing" for Poch though? And Conte?

Like the majority of fans on here, I think it was just a charade to boost season ticket sales.

posted on 10/6/21

I don`t believe a word Levy says about the finances, when has he ever not pleaded poverty. I have no doubt money is there but Levy just hates spending it, he has pulled the wool over the fans eyes ever since he arrived, and the Levyista`s continue to fall for it.

posted on 10/6/21

comment by RespectYourAldersSon (U22365)
posted 3 minutes ago
comment by ● Billy The Yidd ● 2020* 2021* (U3924)
posted 5 minutes ago
We are essentially owned by a multi billionaire, if there is a reason why Lewis could not loan the club £200m - £300m or whatever, I would love to hear it.

The problem is, ENIC are insistent on running the club at a profit at all times, they will not speculate to accumulate or compromise the balance sheet.

Best business practice this may be, but it has already proven that it will not put trophies in the cabinet, or keep top players.
----------------------------------------------------------------------

You're going back nearly a decade last time we lost top players.
And been in cup finals in that time, as well as being serious challengers for the PL, so playing devil's advocate, it's shown it can work as being one game away from a few trophies is the players not getting it over the line, not the ownership.
----------------------------------------------------------------------
They are about to sell Harry Kane

posted on 10/6/21

comment by Serial WUManiser™© 🇵🇸 (U1410)
posted 15 minutes ago
Is the club’s finances in more dire straights than we are aware of?
--------

Genuine interest, Spurs fans have seen arsenal move to a new stadium and undergo 10 years of financial struggles. Did y'all seriously think Spurs would be anything different?
----------------------------------------------------------------------
yes, NFL and events init.

posted on 10/6/21

comment by RespectYourAldersSon (U22365)
posted 1 minute ago
comment by ● Billy The Yidd ● 2020* 2021* (U3924)
posted 5 minutes ago
We are essentially owned by a multi billionaire, if there is a reason why Lewis could not loan the club £200m - £300m or whatever, I would love to hear it.

The problem is, ENIC are insistent on running the club at a profit at all times, they will not speculate to accumulate or compromise the balance sheet.

Best business practice this may be, but it has already proven that it will not put trophies in the cabinet, or keep top players.
----------------------------------------------------------------------

You're going back nearly a decade last time we lost top players.
And been in cup finals in that time, as well as being serious challengers for the PL, so playing devil's advocate, it's shown it can work as being one game away from a few trophies is the players not getting it over the line, not the ownership.
----------------------------------------------------------------------

The players never get it over the line because their not good enough when it counts. You need winners in your team. If one or two of our better players have an off day where else are you looking in the squad to get the result.

posted on 10/6/21

comment by Serial WUManiser™© 🇵🇸 (U1410)
posted 8 minutes ago
Is the club’s finances in more dire straights than we are aware of?
--------

Genuine interest, Spurs fans have seen arsenal move to a new stadium and undergo 10 years of financial struggles. Did y'all seriously think Spurs would be anything different?
----------------------------------------------------------------------
Well it is different. Your lot chose to pay it back in 10 years. We have gone down a different route and it will be paid off over 20 odd years. Our net spend over the last two seasons is £160m. You guys were selling RVP for peanuts as well Nasri, Adeybayor, Cole ect ect two years into moving in.

The main difference between both clubs financially is we rely more on revenues from the stadium where as you have bigger sponsorship deals at the moment.

Covid has hit us more than you as your sponsorship deals are much more than ours. Once crowds are back we will bridge the financial gap back with concerts and NFL ect.

posted on 10/6/21

The problem is yes we have a huge financial void. Levy being a business man will only really look at that as the main issue. No money or cash buffer means no real cash to spend on players. Even selling Kane for say 150mil I doubt if even half of that will be made available to spend on new players.

If it is Fonseca I feel for him because it will a lamb to the slaughter and he will take all the stick but will not be backed one jot.

I fear we are in for a terrible season again with the majority of same rubbish players still at the club.

But as fans we must get behind Fonseca if he is appointed as I don't think any of it could be laid at his door.

posted on 10/6/21

comment by ● Billy The Yidd ● 2020* 2021* (U3924)
posted 5 minutes ago
comment by RespectYourAldersSon (U22365)
posted 3 minutes ago
comment by ● Billy The Yidd ● 2020* 2021* (U3924)
posted 5 minutes ago
We are essentially owned by a multi billionaire, if there is a reason why Lewis could not loan the club £200m - £300m or whatever, I would love to hear it.

The problem is, ENIC are insistent on running the club at a profit at all times, they will not speculate to accumulate or compromise the balance sheet.

Best business practice this may be, but it has already proven that it will not put trophies in the cabinet, or keep top players.
----------------------------------------------------------------------

You're going back nearly a decade last time we lost top players.
And been in cup finals in that time, as well as being serious challengers for the PL, so playing devil's advocate, it's shown it can work as being one game away from a few trophies is the players not getting it over the line, not the ownership.
----------------------------------------------------------------------
They are about to sell Harry Kane
----------------------------------------------------------------------

Because of lack of trophies. See my earlier point regarding that.

posted on 10/6/21

comment by Gezza-Spurs (U18952)
posted 2 minutes ago
comment by fridgeboy (U1053)
posted 7 minutes ago
they're a bunch of fecking charlatans. Levy clearly has enough money to buy a manager out of a contract. He was pushing for Poch which would have meant a contract buy out. He was nearly over the line with Conte on what would have been 20m a year. The money IS there if he needs it. He's chosen not to and followed form.

I'm seriously done with the club. I'm not going to any home or away fixture next season. I've got better things to do with my time than that. I might watch their highlights on MOTD but I'm just done. It's sickening.
----------------------------------------------------------------------
Was he really "pushing" for Poch though? And Conte?

Like the majority of fans on here, I think it was just a charade to boost season ticket sales.
----------------------------------------------------------------------
Well yeah, I called that about 5 days before the deadline and I've been proved right. Whether it's real or not doesn't change a thing. Lewis could easily pump some of his 5 billion into the club to hire a new manager but he just doesn't. He's obsessed with profit. As is Levy.

We have the most expensive season tickets in the league. How can that be justified? I wouldn't mind if that revenue was thrown back into the playing staff but it's not is it?! It's daylight fecking robbery.

posted on 10/6/21

comment by fridgeboy (U1053)
posted 4 minutes ago
I get that it's not Fonseca's fault but I honestly don't care what that guy thinks. I'd like to think every Spurs fan will be walking down the High Road with burning torches after this. We can't let ENIC keep doing this.

Building the stadium was like the marquee, world class signing for the business. The business. Not the pitch. Revenue is gained from TV rights these days, not gate receipts so it will make little difference to our transfer budget. It just lines the coffers of the owners a little more. They will never, ever spend money. Not really. We had a chance, when Poch was here to really kick on. We didn't. That's the true measure of the club.

I want them gone now and I don't really care who comes in to replace them. We're in purgatory right now.
----------------------------------------------------------------------
Agreed.

Conte and Poch not going through showed Levy has no ambition. I thought at the very least we'd get Ten Hag in and potentially progress.

However, Fonseca is a joke. I have no issue with the bloke himself, it's a great job for him. But he is not good enough and highly likely to fail.

If it goes through I will try to get a refund on my season ticket. If that doesn't work I will try and sell every ticket i can. If there are no takers I will turn up and watch the game, but I will happily boo at half time and full time if we're rubbish. I will not abuse the manager, it's not his fault. But I will join in with every ENIC/Levy out chant.

Imo we will not be playing CL football again under ENIC. They have well and truly given up if Fonseca comes in and no money us is spent this summer.

posted on 10/6/21

I think levy was totally reliant on the esl. I honestly believe he had been planning it for years. Enic wanted to be part of something that would have destroyed football so they could make even more money out of spurs. That thank god was destroyed by the true fans of the game and now levy is fa k Ed .

As I’ve said, spurs will now be a mid table team for many years and that’s all on levy. He won’t care though because for every fan like me that has drawn the line with Enic and refuses to put more money into them, there are ten fans willing to pay the highest ticket prices in Europe

As for as Enic are concerned. Levy is doing an amazing job

Unfortunately that will never mean trophies.

posted on 10/6/21

comment by South Side (U20009)
posted 2 minutes ago
comment by RespectYourAldersSon (U22365)
posted 1 minute ago
comment by ● Billy The Yidd ● 2020* 2021* (U3924)
posted 5 minutes ago
We are essentially owned by a multi billionaire, if there is a reason why Lewis could not loan the club £200m - £300m or whatever, I would love to hear it.

The problem is, ENIC are insistent on running the club at a profit at all times, they will not speculate to accumulate or compromise the balance sheet.

Best business practice this may be, but it has already proven that it will not put trophies in the cabinet, or keep top players.
----------------------------------------------------------------------

You're going back nearly a decade last time we lost top players.
And been in cup finals in that time, as well as being serious challengers for the PL, so playing devil's advocate, it's shown it can work as being one game away from a few trophies is the players not getting it over the line, not the ownership.
----------------------------------------------------------------------

The players never get it over the line because their not good enough when it counts. You need winners in your team. If one or two of our better players have an off day where else are you looking in the squad to get the result.
----------------------------------------------------------------------

Disagree, the same players could beat Liverpool and City in the league, but can't do it in a final.

posted on 10/6/21

I'd take new owners in a flash but I think we lose our perspective sometimes about where the club is - tell it to Saints fans who lose their best players every year, or Newcastle fans with Ashley in charge, or anybody outside of the top 6-8.

Spurs were in a cycle that should have ended with a trophy won in the first year of the new stadium - we didn't. Levy got desperate and tried to force the window open for an extra season or 2 with 'Mr Trophy' himself, that failed too.

Look, bottom line is that Levy should have gone, instead he's hired a DoF to start the cycle again. Spurs are rebuilding and this talk of not being ambitious enough is just naive in my opinion.

posted on 10/6/21

comment by Huddlestone's Afro - Rock you like a Hurr... (U15375)
posted 5 minutes ago
I'd take new owners in a flash but I think we lose our perspective sometimes about where the club is - tell it to Saints fans who lose their best players every year, or Newcastle fans with Ashley in charge, or anybody outside of the top 6-8.

Spurs were in a cycle that should have ended with a trophy won in the first year of the new stadium - we didn't. Levy got desperate and tried to force the window open for an extra season or 2 with 'Mr Trophy' himself, that failed too.

Look, bottom line is that Levy should have gone, instead he's hired a DoF to start the cycle again. Spurs are rebuilding and this talk of not being ambitious enough is just naive in my opinion.
----------------------------------------------------------------------

This is why we will never get anywhere. We as fans need to not just go easy and accept our lot.

We are and have been in the top 10 revenue/wealthiest clubs in the world for a long time. So we shouldnt be comparing ourselves to NUFC or Saints with all respect.

posted on 10/6/21

comment by Huddlestone's Afro - Rock you like a HurriKane! (U15375)
posted 4 minutes ago
I'd take new owners in a flash but I think we lose our perspective sometimes about where the club is - tell it to Saints fans who lose their best players every year, or Newcastle fans with Ashley in charge, or anybody outside of the top 6-8.

Spurs were in a cycle that should have ended with a trophy won in the first year of the new stadium - we didn't. Levy got desperate and tried to force the window open for an extra season or 2 with 'Mr Trophy' himself, that failed too.

Look, bottom line is that Levy should have gone, instead he's hired a DoF to start the cycle again. Spurs are rebuilding and this talk of not being ambitious enough is just naive in my opinion.
----------------------------------------------------------------------

Fair comment.
I don't think it's a lack of ambition that most people seem to think it is.
Look at the cost of some of our recent transfers, sure we've missed out on some, some within our control (Bruno as an example, but Poch wanted loCelso) or out of our control (Dybala which no blame attached but some chose to attach blame)

Mourinho was a huge investment in terms of managerial appointments to chase that ambition, and the cost of terminating when it wasn't right.

Levy came out and said what kind of new manager he wanted, but then Conte came available and would have been remiss not to see if he could work within that framework. Ten Hag just signed a new contract and PSG essentially blocked Poch move.

Hopefully Levy trusts this new DoF and he proves a hit, the last 50 days hasn't been smooth, but I don't credit a lack of ambition as the reason.

posted on 10/6/21

I don't think it's to do with a lack of ambition I think it's because the person we've hired to pick the manager wants to pick this guy

imo

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