Time for ENIC to go!
Less than four years ago we qualified for the Champions League. A perfect opportunity one would think to take the club to the next level.
We had Bale and Modric, two of the finest players in Europe and with some sensible investment, it was not a great stretch to establish our club as genuine title contenders. What has happened since then is a chairman who almost immediately warned us not to expect Champions League football every year and has unbelievably spent the last three and a half seasons showing a profit on transfers whilst selling our best players.
I am firmly of the opinion that the owners were frightened of Champions League football and the extra investment in transfers and salaries that continuing Champions League football would demand. I don't believe they wanted to take that risk. I hear arguments on this site saying that these players wanted to leave. Other players notably Suarez at Liverpool also wanted to leave their clubs. The difference between Liverpool and Spurs is that Liverpool made it perfectly clear that their best players were not leaving. They even lied about Suarez's contract and mocked potential purchasers.
We on the other hand make it perfectly clear that these players are for sale at the right price. I have no doubt that if Liverpool encouraged an auction for Suarez, they would have got £60m for him (not quite Bale money but a substantial sum none the less). The difference is, Liverpool were not going to sale under any circumstances whilst everyone knows we are a selling club. Players now see Spurs as a selling club and I believe the ownership are not unhappy with this position.
Daniel Levy has got almost every managerial appointment wrong. Amazingly, he managed to fall out with and fire the only manager who achieved top four status (he managed it twice). I know they had differences, but how about finding a way to work together. I can't imagine any other business where a chief executive/chairman would make so many spectacularly bad decisions and yet still retain his position.
The current situation sums everything up. A manager with no experience has been thrown in at the deep end, given an 18 month contract and has had to work with the full knowledge that the chairman immediately started looking for his replacement. Not only is this bad business, it is also shameful behaviour.
The reason Levy is still in a job is because the owners do not see success on the pitch as a priority. It is all about the balance sheet and placing the club in a position for a sale. We were promised a new stadium 14 years ago. We still have not started building. The latest delay is apparently due to one company holding out for more money than their property is worth. We are talking about a £400m investment. I suspect that an additional £1m would probably be enough to bring this matter to a conclusion. But it seems to be dragging on and on.
As far as I am aware, no naming rights have been secured, the project has not gone out to tender and no finance has been agreed. These seems to me to be rather large obstacle still to be overcome. I have read on this site that Joe Lewis/ENIC will be providing some of the funding. This may be trues but I expect it will be in the form of a loan repayable with interest at commercial rates.
Whilst I accept that building a stadium in the Tottenham area is a difficult project, especially in the current economic climate, I do not accept the constant delays. Do ENIC really want to build the stadium, do they have doubts about the whole project - I am not sure I know the answer to this. I do know that we are struggling to fill the stadium at the moment. There were several empty seats at the recent game against Man City.
I do accept that ENIC have done some good for our club. They have made us financially stable and have built a fantastic training complex, but I do not think they have the will to take our club forward and for that reason I wish they would sell now and give us our club back.
Written by jonathan01
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