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ENIC. Marmite?

ENIC. Marmite?

This is a simple and short article but one that is bound to polarise opinion on Vital Spurs.

My question is this: If ENIC don't invest in bringing in any quality new players (perhaps a striker and/or creative, attacking midfielder) in this January transfer window does this prove that ENIC's ambitions for our club are not so much success on the pitch as a football team but more based around successfully increasing the value of the balance sheet and any possible sell on value of the club?

Please remember that this is a site for Spurs fans - so overall we all support our great club. Our opinions can differ but we should not use this forum to abuse individual members if their views differ from ours. COYS.

Written by SpuriousLife



Click here to join in the debate on the club forum.

Writer:SpuriousLife
Date:Monday January 21 2013
Time: 11:43AM

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Comments

0
love it
spurster
21/01/2013 11:54:00
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sorry hate it
spurster
21/01/2013 11:54:00
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looks like Holtby on the way as our lock picker. Just leaves a striker then.
Wilts Spurs
21/01/2013 11:57:00
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We've had continuous improvement under ENIC and you cannot say they haven't been prepared to spend money, but they cannot be expected to throw the sort of money around that City and Chelsea have. I've got faith in this board to bring us success, but not necessarily immediate success.
ParkLane67
21/01/2013 11:58:00
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Not marmite, i neither love or hate. on balance we have improved in terms of league position, quality of players and financial stability since they arrived. Therefore after understanding those facts i find it difficult to understand how anybody could hate or even dislike them? Like many supporters i always want more and hope they will just go a little further and really drive the new stadium forward somewhat faster now all the planning problems seem to have been by passed.
tophobunty
21/01/2013 11:58:00
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I strongly disagree with that sentiment. ENIC have invested heavily. They recouped a lot of money in the summer and re-invested it. Unlike certain other clubs where the money disappears. They have said all the long that ideally the squad should service itself. Ours does. This is the ideal scenario. Even Chelsea have tried (somewhat unsuccessfully) to run more businesslike, and even Man City did not buy any superstars in the summer....Scott Sinclair? The fact that we have steadily progressed from top four dreamers to top four achievers under ENIC, they have succeeded. We have now changed the manager, and we need to be careful . Just throwing more money at it will not help. It is a long term plan, and we should save the money for the summer when we know (after the dust settles on a long hard season) what and who we really need. Yes, I agree that we are deficient in the striker dept right now. I would sign a young Benteke-like striker, that could do a job now, and could become our future. Any big signings should wait. I am happy with the job that ENIC are doing, because it was horrible before they arrived.
TonyRich
21/01/2013 12:01:00
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So we still only need to sign one player this window a very good striker. Its a big ask and a big risk Say we sign Leandro (yes I know we;ve all moved on!) will it take him as long as Sandro to settle into the pace of the prem and the style of the team. Can we afford to drop 25million on a player and then wait eighteen months from them to get upto speed? More to the point would our fans give the player the requiste time to get up to speed before callling for him to be sold, manager sacked and Levy/ENIC out?
Slurms McKenzie
21/01/2013 12:10:00
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Nice pic to go with the article. The bloke behind Levy seems to be rubbing some marmite into Levy's head!

On topic. I think Levy will stick to his word re, moving in different direction and we will get ONE of our wishes granted this window. I am sure he has seen enough of AVB's work to have been convinced. COYS!
Critical_Spur
21/01/2013 12:12:00
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Schalke buying Michael Bastos for 5m from Lyon. Hopefully, Holtby on the way to us now. Other rumored players are Diame & Negredo. Levy has to spend no question about it. If he can get Diame (4m), Holtby (2m) & Negredo 10m that would beawesome business. But as usual question is, will he?
sydqcb5
21/01/2013 12:13:00
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I still think that they love blowing smoke up our butts. What happened to the £20 million we bid on Moutinho, is it in the same place that £30 million we were going to use a few windows back for a striker. Whatever happened to that striker. Will love them if they back up AVB. Some news or development on the new stadium would be nice too. If they can not deliver this then they need to sell up and let someone who is capable of delivering in.
nothappyharry
21/01/2013 12:18:00
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We just need 2 players to guarantee top 4, a striker (michu) and a creative midfielder, (now that he.s grown up how about taarabt) . Neither player would break the bank .Enic just need to go the extra mile
whitehartmart
21/01/2013 12:19:00
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slurms very good point........whitehart, good call ref taarabt
tophobunty
21/01/2013 12:22:00
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I think this should be Daniel Levy/Joe Lewis not ENIC. ENIC are a company, the money behind ENIC is Bahamas Jo. If you look at ENIC's company accounts, I very much doubt you will see 100m in cash. They are an investment company. They don't invest huge sums of money, they buy cheap spend as little as possible and sell high. Look at the money spent since ENIC took over Spurs and you will see it has all come from the clubs income and future income and debt. They have done a superb job in managing the club financially, because that is what Jo Lewis is brilliant at. Make no mistake, one day SPurs will be sold at a HUGE profit. That is why they de-listed the company. So the question should be, If Jo Lewis and Daniel Levy don't invest.
vicspur
21/01/2013 12:23:00
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syd that would improve us as will the return of kaboul
tophobunty
21/01/2013 12:23:00
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The fact is, we have needed a striker since Berba left. We have made no with cheap short term options, i think the ADE deal summed that one up. Whilst i understand that we need to be very carefull who we sign up front, the fact is we do need someone in. We have such a good opurtunity to push on now and have an even better seciond half of the season, i just hope AVB gets the tools he was promised. Rumblings are already coming out that Levy has moved the goalposts RE agreed transfer targets.
hudderspur
21/01/2013 12:24:00
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Surely, everybody has seen enough horror stories (i.e. the leeds, portsmouths of the world) to know that you have to build for the long term not the short term. Understanding that, you realize that even missing out on the top 4 (which I doubt will happen, regardless of january signings) isn't the end of the world if we continue to be at least in the mix in the business side of the table...It's obvious the next real step is getting the stadium (PAYING for the stadium even after it has been built) and then we can take the next major transition which is to challenge for the PL title year in year out. On a similar, but somewhat different topic, you just have to realize how lucky we are to get shot of Redknapp. Our squad is clearly not as talented this year as it had been with the loss of Modders, yet we are doing just as well. If we didn't have Levy and a sensible board we would have continued signing the Crouch and Keane's of the world along with a bunch of Joe Cole's. You only have to look at the massive wages Harry convinced Fernandes to pay for Remy and the other players that team are linked with to understand how lucky we are Redknapp didn't run our team into the ground. If QPR goes down with the money they are going to spend in this window, they might not come back up for awhile. Point of this, other than to talk about Redknapp being a right *****, is that the board and Levy protected our long term health from Harry, patience is needed.
laughter7
21/01/2013 12:33:00
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It's a case of head and heart! My head tells me acknowledge the improvement -that we've made great progress on the pitch these last few years- yesterday's game being a prime example - Man U know that they were lucky to get a point , penalty claim and all!(br)My heart screams that now is the time to take the plunge and go for it! Bugger financial prudence, get the key positions sorted with some quality players - what's needed is obvious!(br)That's just me.....my heart has always got me into trouble!
Durbanspur
21/01/2013 12:34:00
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Feel good Tottenham article is poring in - another one in Daily Fail - http://www.dailymail.co.uk/sport/football/article-2265538/Tottenham-equaliser-Manchester-United-help-Andre-Villas-Boas.html
sydqcb5
21/01/2013 12:35:00
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Hudderspur you seem to be the only one rumbling that lline about shifted goalposts?
Slurms McKenzie
21/01/2013 12:36:00
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Not to loose once against United could have been fluke or luck. But not to loose 2 games against United means talent, hardwork, patience & belief.

Just to think about it - this is league leaders we are talking about who had got 28 pts from 30 pts before Spurs game. To take 4 pts from them in a season means to me that we are not far off from challenging them. To me, we are 3 solid signings from challendging them. Had we not conceded goals between 85 & 90min, we would have been in 2nd spot. But then this football, nothing is perfect and things will go wrong. But if we have the extra 3 players, you never know.
To me, its simple. If Levy &ENIC goes thaqt extra step., we are not far off from a trophy or even league title.
sydqcb5
21/01/2013 12:42:00
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Well that attempt at paragraphs went well!
Durbanspur
21/01/2013 12:42:00
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Slurms - Was something i read online last night, must admit i cant find the source today so cant really say about the quality of the source, could have been a usual twitter BS story. Are you saying you wouldnt put it past Levy? Im not going to change my opinion that i think Levy & co are scared to get to the next level. I also wont change my opinion that a lot of fans still see us as a top 10 club who shouldnt be dreaming of CL football. To compare our situation to that of Pompey / Leeds is just silly. No one is suggesting risk everything and spend £100m on players. The majority are just asking for a bit of class to replace the ones who we have flogged for profit.
hudderspur
21/01/2013 12:45:00
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Now that Ekotto is back drop Walker and move Naughton to right back. Walker is costing us a lot of goals with his bad positioning. Walker needs awake up call
whitehartmart
21/01/2013 12:46:00
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I say, be careful what you wish for. There are plenty of sharks out there who could completely ruin our club. Good for ENIC if they have massively improved our value without saddling us with huge debts or liabilities. We might not be so lucky if they sell to a Glasereque family or dodgy billionaire.
Love totty
21/01/2013 12:47:00
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Can I just say I thought the performance of the lads yesterday was absolutely top class. Personally I think we deserved all 3 points and given the chances we created maybe should have took all 3. I think the fact that we did create those chances and failed to convert them underlines our need for a top CF. Apart from that I really couldnt be happier with the way the team played yesterday. Fergie had his usual moan the red-nosed to$$er.
TornadoYid
21/01/2013 12:47:00
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vicspur - If they are using future debt, how could they possibly sell the club for a huge profit? There is no way they could hide the debt. Look at Everton. No one wants to buy, despite it being a great club. They have invested loads. You are only comparing us to sugar daddy clubs like Chelsea/Man C who obviously spend more OR you are comparing us to Man U/Liverpool/Arsenal who have much higher revenue than us - so they obviously CAN spend more than us. If you compare us to anyone else, we out spend them all - whilst staying out of debt. Besides, despite Liverpool's revenue, they were forced to cut down heavily on their spending on players. Mainly because they have found no improvement as a result. I really do not see why people think that success is always a proportional function of spending more. It can be sometimes, but only so much. Even that we have already spend 60m or so since last season, perhaps we should not go overboard this season...
TonyRich
21/01/2013 12:51:00
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Agree with WhitHartMart - Walker has been out of form all season, and Naughton playing well, Switch Kyles now Benny is back. Regarding the article - while I get incredibly frustrated with our lack of striker, I am 100% behind Levy, Lewis, ENIC, whoever it is that calls the shots. The squad is improving all the time, and it is being done in such a way whereby the long term future of or great club is not at risk. My Granddad used to take me to the Lane, as did my Dad, and one day, I'd love to be able to take my boy to the Lane (or whatever its called in 20 odd years)! Winning the league or getting in the champions league again would be great, I'd love it, but I would not sacrifice the clubs future for it, never. Fully behind the current board AND AVB....COYS
Klinsmann_18
21/01/2013 12:55:00
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We need a forward. Simple as that. AvB is over performing with the team we have, but can he manage it all season? If he doesn't I won't be blaming him.
Tottenham Hotcore
21/01/2013 13:00:00
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According to Yahoo, we had 33 attempts on goal to Utd 7, ours 25 on target to Utd 5. They scored 1 goal so did we!!!! My conclusion is we need a competent striker who can move the onion bag instead of the goal keeper, a defender or the woodwork. Has somebody mentioned this need before??????????????
longtimespur
21/01/2013 13:02:00
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The only shame in my mind is that I can read the 11/12 financial report. I could clearly see what was going on when reading the previous 2 years reports but as we delisted we as fans lost the visibility.
<>br>Under Harry the wage bill went up very significantly and the squad proliferated to an unmanageable level. The money that we should have had as transfer fees was being haemorrhaged against high earners that were having no significant impact to the 1st team. However, Harry had more to spend than any other manager in our history but he wasted it on quantity and not quality. That's why we saw 13 squad players leave in the summer and only 6 join. The sad facts are that without Champs League our expenses was just starting to overtake our turnover. We were also investing in land and property to support the bigger picture plan.

So what does that mean? Can we now spend again. The simple answer is yes, but with conditions. You have to get into how football finances work. Players are intangible fixed assets who amortise over the life of the contract. Therefore if Levy saw a 23 year old (e.g. Damaio) who cost us a lot AND was willing to signing a 5 year contract AND had a resale value at the end then he would commit to it.

I personally believe we will spend but there is still a bit of housekeeping to do first. Their names are Gomes, Jenas, Bentley etc and we have to now work within the confines of the 25 man squad rule if we are to optimise. We also have 6 players who would need to be registered next season within the 25 man squad rule - Caulker, Hall, Smith, Parrett, Mason, Townsend. Even if AVB selects one of those 6 he needs to create space.

Have faith !!!
muttley
21/01/2013 13:04:00
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As for the article, well I am really pleased we have somebody in charge who understands finance but being a Spurs fan for over 50 years, I'm forever an optimist and hope ENIC allows AVB some cash to spend know. I don't mean £25-30 mill on one player but someone who has the ability to find the net, AKA a Michu or the ilk. What happened to scouts? I know our best one left for Newcastle but surely there's somebody @ Hotspur Way who can find one!!!!
longtimespur
21/01/2013 13:07:00
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Hudders - comparing us to Pompey IS silly, but not the comparison with Leeds. They did what we did... They progressively got better, and then became a CL side. They then went nuts and tried to do something that wasn't sustainable. Look at them now. I will not believe that that would happen to us, but I can believe that an ill-advised gamble could leave us in a situation that could set us back several years. Look at Villa. Villla were knocking on the door of top four (back when the big four WERE a permanent fixture), and they overstretched themselves too. Their manager got frustrated that the club could no longer back him up, and he left. Then they ended up with McLeish and nearly died of boredom...whilst nearly going down. Now they are still not out of the woods yet...despite having quality players there. Villa's problem? An unsustainable wage bill. It was the same as ours, despite having a far smaller revenue stream. It slowly killed them. We have to stay sustainable. It really is the key to where we are now. We just need to be a little more patient.... The stadium WILL come!
TonyRich
21/01/2013 13:08:00
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longtime, you should copyright that unique idea mate. Why not take it on dragons den you might cop off with Debra Hardon.
tophobunty
21/01/2013 13:10:00
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Should the question not be, should Spurs be run as a business or should it be a billionaires plaything? COYS
peterballb
21/01/2013 13:13:00
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We have not spent loads in recent years. Last year there was a league table published showing NETT spend on players in the previous 5 years, we were in 14th place out of the 20 clubs in the PL, a position that was no doubt improved after last summer's window, in which we sold: Corluka, Kranjcar, GDS, Pavyluchenco, Modric and VDV, and brought in Lloris, Vertonghen, Dembele, Sigurdson, Dempsey, and still ended up making a profit of some £10M, as we do in almost every window, as this "league table" proves, so please we shouldn't bandy figures about alleging £50M spends when they are not true. The same goes for the re-signing of our re-posessions Defoe and Kaboul from Portsmouth and Keane from Liverpool at the start of the HR era.
Frank
21/01/2013 13:20:00
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Am I listening to Spurs fans or are all these posts made by Daniel Levy under pseudonyms... At the very best we're reading the ramblings of ENIC apologists. No-one is denying an improvement in the club... no-one (I know of) is not thrilled that we re financially prudent and efficient... I don't know one Spurs fan who wants to be a City or a Chavski... but how can you deny the need for a striker (after 4 years of crying out for one) or say we have no funds after a combined +/- 75'000'000 in sales between Berba, Modric & VdV alone. This is ridiculous
Cape Town Spurs
21/01/2013 13:20:00
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no peterb, the questions should be, can a decent striker improve the team, if yes, how do we get one. anything else is apologist BS
Cape Town Spurs
21/01/2013 13:25:00
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I think it is about balance. I am happy with ENIC and our progress, however, like many, am increasingly frustrated about that next 'significant' step. They have invested and worked so hard, but clearly the next step is a risk, but one worth taking i.e. invest in a striker. The mistrust comes from reports of bidding £30 million for Aguero, £20 million for Moutinho etc - yet the reality is transfer window profit. EVERY window we talk of a striker and in fairness (the balance) they invested in ADe. Therefore, to do so again is maybe a little too risky for them - however, they should take a risk on A striker, even if sadly not the finished & proven, world class striker we need now. Certainly not a Saha type buy, but clearly the scouting network should be picking up the Michu's, Lukaku's, Ba's etc BEFORE they are out of our reach. I am frustrated but accept why Falcao will not be coming, or why RVP was never considered etc. However, there is no excuse for us not picking up a prospect who can come in now (and clearly more advanced than the other prospects - couillibaly etc). Goals can make a massive difference to this team - a step too far ? We all hope not.................... COYS
Windlespur
21/01/2013 13:25:00
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btw _ the fact that the ADE signing has clearly not worked (yet at least) is why we are yet again talking about this need. However, the only thing I ever read on hear which we all seem to agree on is the need for a new striker - the opinions are varied from unrealistic to unambitious, but remain the same E.g. whetther a Falcao, Damiao, a lesser but proven (diombia, Huntelaar) to even a PL proven (Odemwingie, Long etc) or hot prospect (lukaku). Hopefully Levy agrees with us.
Windlespur
21/01/2013 13:31:00
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Good post CTS and Windlespur I agree 100%
Ossie
21/01/2013 13:32:00
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Brilliant that we have a sound financial footing. Brilliant that the club has increased it's value. But to whose.....end ? A football club...should be for the fans....i.e...no fans ..no football club. Our stadium is small..and unattractive...yet .we continue to INcrease our fan base. New stadium ASAP...please..... OH.....and let's not take our eye off the ball.......goals win games and our few strikers are ageing and loseing their abilities........yet..our manager doesn't reward a inform reserve striker a place on the subs bench !! Time to spend is during the transfer windows.....Mr.Levy....we are NOT scoring goals for fun, at the min'....and haven't been for a fair while.
82spursdebut
21/01/2013 13:32:00
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Frunk, there is only one league table which counts, have we moved up it or down it since Enic arrived? PS whats wrong with making a profit? Have you got your arsenal membership yet?
tophobunty
21/01/2013 13:33:00
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Firstly, those who think that our financial strength was weakned under Harry, clealry haven't grasped our last published accounts.

Secondly, it's the Spurs board, not ENIC who make the budgetting decisions.

Thirdly, the club's cash position has been or is und pressure from a)£40 mill (in cash) spent on he new training facilities ad b) a sum not too far from £20 mill in cash in the last 18-24 months now gathering pace on the re-development of WHL...

That said, AVB will know exactly what we need and how much we can afford to pay for him/them.
Our media revenues nearly double over the next two years, so unquestionably we have money to spend, IF th deal is right..
Spursex
21/01/2013 13:34:00
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Why is 4th seen as our holy grail, the limits of our possible expectations, are we not selling ourselves short, limiting our ambition. It's about time we adopted the Japanese business model of continuous improvement, with no defined end objective. Yesterday we restricted Man Utd, the best team in the country, to 2 shots on target, whilst they were unable to prevent us having 8 shots on target, although we could only convert 1. I am totally convinced that at the back, and in MF, possibly, though not absolutely urgently, with the addition of a "lock picker" we are as good as anything in the league. It is up front where we fall down, we have few options, and a lack of real class. Sort this out and we would be a match for anyone, a far superior squad to Arsenal, Everton, Liverpool and the rest of the pretenders, so come on Lewis/Levy, show us some ambition, let's see a modest investment , not simply re-cycled money, to take THFC to the next level, if in fact that is where you both wish it to go. Let's look at 2nd, 3rd, as an objective rather than a dodgy 4th, it cost us last year, lets not have any doubts in the future, we are potentially a year on year regular CL club, we only need that few quid as a push. Give AVB the chance he deserves or risk sickening him off.
Frank
21/01/2013 13:38:00
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There is no point in buying more of what we have. We are on the cusp of greatness and have been for 2 seasons. We've maintained this despite selling our best players and not reinvesting the proceeds. We need a sold top notch striker and stop buying into the calls for poverty. As to the insults flung @ Frank, Topho, you just went down in my estimations.
Cape Town Spurs
21/01/2013 13:40:00
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Frank - Thinkk about what you wrote. We are the 14th biggest spenders in the Prem yet we are behind the 3 riches teams in the prem table. To sum up your observation, we should be in a relegation battle based on what we have spent!!!!

We will never spend like Citeh, United or Chelsea, therefore I can only have admiration for Levy on achieving the impossible. Based on this "Spending table" that seems so important!
yiddyboy
21/01/2013 13:41:00
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Tony, should read debt against future earnings. As for carrying debt, it is not really a problem. Look at Utd. 600m in debt and club increasing in value. The Glazers borrowed huge amounts against future earnings to buy the club.Spent a lot on transfers, but we have also made a lot on transfers. ENIC are very good at financial management. It is nothing like having a sugar daddy. Nor am I advocating spending 100m a season and playing fantasy football with our club. We have got where we are very cheaply whilst increasing the value of the club. Remember, the club now has more assets in land as well and if all the planning regulations are in place for the stadium then that also adds to the value of the club. Not to mention, we have run on a tight wage budget for many years, out wages/turnover ratio was around 50-55% for many seasons, which was one of the best in the PL. We now have a state of the art training facility, again adding value to the club. All these factors give us a fantasic potential and ripe for someone to come in and push us to the next level. Debt of course is transparent in company accounts, but now we are no longer a PLC, they dont have to disclose company information.
vicspur
21/01/2013 13:44:00
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we seem to be divided. i'd like to propose a toast, no, a poll... the question is easy... do spurs need to strengthen up front, yes or no
Cape Town Spurs
21/01/2013 13:45:00
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Still links with Negredo. He is a Striker anyway, but I have not seen too much of him, however very good goals record (6 in 12 for Spain, 11 in 18 this season), over 6 foot & only 27, so maybe an example of the Investment, but without the significant investment risk we can realistically consider (and better than an FOC Saha deal). Interested in other fans who have seen him play views on him ???????????
Windlespur
21/01/2013 13:46:00
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top'...what's wrong with making a profit, you ask !?.....fair question. BUT is it at the expense of young, old ...all fans wanting to get into see a game live at THFC...and see goals, goals, goals...!!??....lol.
82spursdebut
21/01/2013 13:47:00
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or, are you happy with spurs attacking options, yes or no... anything less than 100% will shown the intrusion of a troll
Cape Town Spurs
21/01/2013 13:47:00
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the fact that we are 14th on the net spend list but have still bought in more players than most is the whole point. thats why we are doing well, because we buy the right players at the right time, young and talented that have resale value. harry set us back because he was unable to maintain that approach, the players he built his success around - modric, bale etc were already here, while the players he brought in are mostly gone and at a loss for the club - keane, crouch, chimbonda, palacios etc if the right deal comes along then we will buy, even break our transfer record if we will almost certainly recoup the layout a few years down the line. finding players that will improve us but accept our wages is the hard part. of course we would challenge if we had van persie, he is the best striker in the world right now, city, chelsea, even arsenal would challenge if they had him and he will likely deliver the title for united. these strikers are the hardest to find. and this notion that just because AVB tells the media that we don't necessarily need another striker doesn't mean that thats what he really thinks ffs, he doesn't have to show his hand all the time, that was a harry impediment
Guernman
21/01/2013 13:50:00
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cape town spurs.......the answer is obvious.........Simply cos' our conversion rate, is decreasing...at the business end of the season.
82spursdebut
21/01/2013 13:51:00
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CTS - I would suggest that the poll would be 100% yes. The discussion we need is who & realistic or not i.e. Massive investment (Damiao, Hulk, Falcao etc), Investment (Doumbia, Huntelaar, Ba type), Prospect so less investment (Lukaku, Negredo, Diame type) or Bargain but PL experience (Jones, Long, Odemwingie, Malouda etc). For me, clearly I would want to bring in a SIGNIFICANT Striker to take us to next step, but reality is unlikely, but we need to bring in a striker and any of above options better than Saha type desperate bid. An interesting debate..............................
Windlespur
21/01/2013 13:52:00
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82 agree but i think the players should take a cut in wages of 50% and 50% of that goes to driving down ticket prices
tophobunty
21/01/2013 13:53:00
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I dont think its a case of either really, what they try to do is get the balance between keeping us a financially strong club and improving our results on the pitch. This, to be fair, has happened over the last decade or so, so I'd say most of the time they get the balance right. Our rise hasn't been meteoric like Citeh's or Chelski's, but, lets face it, we're a lot better off now than we were when they took over, and, who knows, all that big spending by the chavs could well come back to bite them in the arse. now, taking off my rational hat and putting my supporters hat back on... WHAT THE ***** ARE YOU DOING LEVY!?!?!? WHY AREN'T WE BUYING MOUTINHO, LLORENTE, WILLIAN AND DAMIAO!!!!!! I WANT INSTANT SUCCESS NOW!!!!!!!!!
wiltshirespur
21/01/2013 13:59:00
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Topbounty don't talk like a prat, of course there is nothing wrong with making a profit, just as there is nothing wrong in allowing the club to realise it's true potential, by prudent investment. Moderate expenditure to establish us as a year on year CL club, would increase revenues, our TV revenue, and improved sponsership exposure, giving us leverage to improved deals, and so that our shirts at £40-50 a time, would be seen hanging in sports shops north of Watford, or in continental Europe, along with, and in equal numbers, to those of Man U, City, Arsenal, Chelsea, Liverpool, which I can assure you is not the case currently. We have a golden opportunity to sail past Arsenal, damage them by nicking their CL spot, and keeping it, but only if we improve our glaring inadequacy up front, not by "throwing money at it" as you say, but by making a timely, and reasonable, invest from the money made in recent windows. As well as making a profit, it is also valid to speculate to accumalate. Finally no I haven't joined Arsenal or anybody else, but I also haven't subscribed to a course at the "Daniel Levy" savings bank financial adviser Co. either, have you. I hope you and others receive a hefty gratuity for your unerring support, when he and Bahamas Joe cash in, and ride away into the sunset, but I seriously doubt it. Incidently the name is "frank" with an A, not "frunk" with a U.
Frank
21/01/2013 14:01:00
0
I am with CapeTown on this one, whilst I don't think we can afford the Hulk, we can do better than Saha. Just think if we had been slightly more ambious last January and if Willian/Mourtinho had replaced VDV and Modric where we would be now. CL revenue alone would have put us in the black. I know there is a fine line on finances and we don't want to end up like Leeds, but the way we are going we are ending up like Everton or Aston Villa, with no money to spend a relying on players to over achieve just to remain in the division.
Chelmspur
21/01/2013 14:04:00
0
Marmite (Joe Lewis) and Peanut Butter (Daniel Levy), some people love them, they make others feel violently sick!!
Frank
21/01/2013 14:05:00
0
I think it's a smokescreen and levy will bid £48m for falcao with a minute to go on the 31st. COYS
tottingham10
21/01/2013 14:13:00
0
Just a bit of trivia and intrigue. May be someone can enlighten me:

What is the official capacity at WHL?. I ask, because I note that y'day's attendance was 35,956. Is that it or 44 peeps didn't turn up?!!
Critical_Spur
21/01/2013 14:16:00
0
I think that fan that Dempsey hugged after that goal sex weed all down his leg!!
tottingham10
21/01/2013 14:16:00
0
ENIC could be the worst owners in our history or the best...truth is we don't know yet....a half a billion (30 years transfer budget?) is a lot of debt for a concrete bowl that will take 15+ years to pay off and then only catapult us to the spending levels of Newcastle...so no PL/CL titles to be had from the stadium. But Levy is a smart guy and Land economy grads are some of the smartest so hopefully he can shift around the parcles and negate some of the impact...what we have to see though is the football brain...the team has to be balanced, we can not put all our cash in the stadium. If he had a degree in marketing he'd perhaps understand that building a brand is MORE profitable than building a 56k stadium...But for who? and do they care? they can increase the value of our club and sell making themselves a huge profit....who they sell to and what debt is left on the stadium is anyones guess?
shedboy2
21/01/2013 14:18:00
0
It is the duty of any owner to maximise the earning potential of their club, as well as diligently run the club on a sound financial footing. No one should doubt that ENIC has adhered to the latter, but failed spectacularly with the former. I am bored reminding people of what they said when they arrived in 2001, and a review was conducted at that time by David Buchler. Stressing that the capacity was far too small for a club like Tottenham, Buchler went on to say "It is our preferred option to remain at White Hart Lane," said David Buchler, Tottenham's executive vice-chairman. "However, in order to do so the ground over the next five or 10 years has to have a larger capacity with transport facilities and other facilities to match. "A number of other clubs, including our closest neighbours Arsenal, are building all-purpose brand new stadiums with all the facilities to match and we must not be left behind. Buchler added: "There is a huge amount of co-operation therefore that is required from lots of different sources to ensure that White Hart Lane over the next five or 10 years can be turned into the sort of ground that we can all be proud of. "The partnership required with the local authority and others, particularly on transport, will be a key to ensuring the success of this." That was in September 2001. They have added 70 (seventy) seats, and looked at Picketts Lock and Stratford, hoping to bunk in on the cheap, and implied their foot-dragging at WLH was caused by a local authority playing hardball, which the leader of Haringey, Claire Kober, quickly shot down in flames. Comparisons with Man. City and Chelsea are of course, pointless, and the scare stories about Portsmouth and Leeds are just that. Neither club went bankrupt trying to build a bigger stadium. However, we had a similar capacity and turnover with our Woolwich neighbours, prior to their move, and why have they been able to plan it, finance it, build it, and move to it, while we have been prevaricating about adjusting WHL? Not on CL money alone, that's for sure. All done during a time when finance was relatively cheap compared with now, and when investment in football had never been greater. ENIC's legacy, while having stabilised the club on the field in the last few years, will be one of missed opportunity, and locking out 20,000 for every home game for many years, as well as the attendant income larger stadiums attract for sponsorship. The fact that we are in the top 20 richest clubs in the world should not detract from how much higher we would be, had ENIC kept to their word, and grasped the nettle all those years ago. What is our motto again?
lordjohnny
21/01/2013 14:21:00
0
Once again lordjohnny a great post impeccably put.
SpuriousLife
21/01/2013 14:27:00
0
lodjohnny - can't disagree with that. We should have made more progress and perhaps would have done if the economy hadn't crashed around us. Joe Lewis lost 1/3 of his fortune in Bear Stearns in 2008. That couldn't have helped.
muttley
21/01/2013 14:27:00
0
I just don't get why some people are so happy to say they trust ENIC...why? they are a company that invests to make profit...they ARE NOT SPURS! I support Spurs and when I smell a rat I'm happy to shine a light, if there's nothing there good but in Levy/ENIC I do not trust. And not investing (ie spend more on players than you make by selling them) in our first team and particularly during this window will see their popularity start to wane...
shedboy2
21/01/2013 14:29:00
0
Lots of good interesting points....Fact is, we will NOT be satisfied till...we see the new stadium built. Ever hopeful, that the first bricks go down soon. Just hope we do not lose a few thousand (fans)...in the mean time. Goals, goals, goals.....please.
82spursdebut
21/01/2013 14:37:00
0
Frank - if you know how to guarrantee a champions league place every year through "moderate expenditure" every manager in the premier league would like to talk to you. I can see how you do it through massive expenditure (Man City and Chelsea) and I can see how you do it through superior management (Man U). Arguably Wenger did it for a while but that seems to be falling apart. Simple maths says if it costs you more to get into the champions league than earn from it you will eventually go bust.
jod
21/01/2013 14:43:00
0
Possibly Muttley- However, I doubt Mr. Lewis was going to fund it with much of his personal wealth anyway, and what was he and ENIC doing for the previous 7 years?
lordjohnny
21/01/2013 14:44:00
0
Though Levy and Co had make some investment in the club during their ruling era, they have failed to achieve playing in the CL twice in a row or winning an important title or trophy. This is because they just don't have the football knowledge that in order to achieve lasting successes you should invest to the right technical staff and buy the right players at the right time. Also they don't understand that doing business and housekeeping in time it can be much more beneficial to a football club than buying last minutes bargains. Given that they can't see it by themselves, I wish someone could persuade them that we are only two to three proper players away from seriously challenging for the title or/and some other trophy and, thus, increased revenue. If we had spent 7-10m to buy a striker last January we would had probably safeguarded third place and participation to the CL. That would had resulted to an extra revenue of more than 15m directly and, indirectly, a lot more because of the increased popularity of the club. I believe that Levy can't read, from his seat in WHL, our motto: to dare is to do!
Ioan X
21/01/2013 14:50:00
0
I never really experienced it or remember it because I was too young, but can somebody tell me the differences between ENIC and the sugar regime before it? I have heard nothing but bad things about Spurs under sugar, is that the case? and if so how much of an improvement are ENIC?
wiltshirespur
21/01/2013 14:57:00
0
I am very happy with the way our club has been run up until now. I was happy when AVB got the job, I was happy when we got £33 million for Modders, £32 million for Berbatov, £18 million for Carrick, £20 million for Keane, £12 million for Bent, £6 million for Dos Santos, £10 million for Pav (who I now miss a lot..). What I now want to see is some slight REINVESTMENT. I'm not talking about blowing £30 million on some fly by night striker. I'm talking about £12-£15 million on a proven goalscorer who could be worth £20-£25 million to the club as he starts to bang in goals. I am a realist and I know our best players, for the next few years at least, are likely to eventually leave, and that Mr Levy is superb at getting the most money he can for them. It's the reinvestment of that money that needs to be seen.
Sebthespur
21/01/2013 14:58:00
0
CapeTownSpurs, if you are to revise the question in that manner then it must be "can a striker who suits the eye of the manager, who would better and fit in to the team and who can be afforded within what we consider responsible wages and whose team is willing to sell on a reasonable transfer fee be found and locked up prior to January 31?" There are always guys out there. I could name a dozen guys that I believe would fit most, if not all of those parameters, but what I don't know is what AVB wants. I can bleat on about Castaignos, Son, Mitoglou, Alderweirald, Howedes, Belhanda, Perisic, Arnautovic and so many more, but it doesn't mean that AVB wants a single wone of them (perisic just signed so he's done anyway. I would understand fully if we spent 45-50M on Son, Willian, Negredo, Sissokho (pre-contract - now for nominal fee) and Holtby in now. We are still in three competitions and need to make certain that all effort goes in to the League. Perhaps they are waiting to see what happens against Leeds and who we are drawn against in the FA Cup. I don't know. What I do know is that we are well run from a dollars and cents standpoint. I would rather a DOF so that there could be someone getting the talent for the manager. That's not our system, as such, Levy (ENIC) and AVB have to agree and all the other parameters must be in place. Not easy. Something should be done. Looking at what other teams are doing, it worries me. Many are already spending their extra 20M from next year's TV deal. That is an incredibly dangerous practice. If it were my money to gamble with, I would do it. But then I am a fan first. And again, perhaps AVB does not want any of these guys on offer. Harry said so himself 2 Januarys in a row, there was nothing out there that wasbetter than what we had. In other words, what was affordable was not, in Harry's opinion, an improvement. COYS
peterballb
21/01/2013 14:58:00
0
Thanks Spurious- However, It's getting pretty tedious having to say the same thing over and over. I fear the rumours about our stadium are as genuine as the ones about bringing in a world class striker for top dollar.
lordjohnny
21/01/2013 15:00:00
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