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Time for ENIC to go!

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



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

Writer:jonathan01
Date:Monday March 10 2014
Time: 12:00PM

Comments

0
They have no strategy, they have little vision and whilst they've been competent in handling the finances their inability to make the right investments at the right time have consistently hampered the progress of the club. In any other business our executives would long ago been removed for achieving continuous failure to achieve our goals. Our board and owners have consistently been penny wise and pound foolish'. The sooner they cash in and get out, the better. I'm sick of their inability to make a decision and see it through. WE all know that our next manager no matter how great his credentials will be lucky to get two seasons before he too is stabbed in the back or undermined. Please ENIC just take your profit and just go.
Spursex
10/03/2014 11:52:00
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agree 100% ex, Levy and Enic have continued to oversee one footballing cock up after another and someone has to be culpable. Wasn't it Levy who was supposedly a strong advocate of Sherwood, and yet he is seemingly happy to see him fed to the wolves, just as long as he and enic are ok
oxfordspur
10/03/2014 12:03:00
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Better the Devil you know? How many sensnible club owner are out their who will run the club with fiscal restraint, not saddle us with the debt incurred to buy the club, while also throwing crazy money at transfer fees and wages and then sit back and allow a manager who is clearly struggling continuing to do so as the club slips further and further from contention?
Slurms McKenzie
10/03/2014 12:10:00
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Slurms ... I agree with you. Financial nous is Levy's saving grace! It could be a lot worse.
Geofspurs
10/03/2014 12:15:00
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Still most were singing his name after the summer trasnfer window!
Slurms McKenzie
10/03/2014 12:18:00
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Yes Geof but after last weekend its cold comfort!
Slurms McKenzie
10/03/2014 12:18:00
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Levy is a competent business manager, nothing more, nothing less. If that's the extent of people's ambition then so be it. I'd prefer to have owners that a) have a greater interest in the clubs progress other than sitting in Florida or on the water and seemingly showing no other interest b) prepared to do what's best for the club, not what's best for their own interests.
Spursex
10/03/2014 12:19:00
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YES!!
WestStandEnclosure
10/03/2014 12:20:00
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Bring back Irving Scholar! COYS!
James1
10/03/2014 12:21:00
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Spurex I read your post as a complete contridiction. For if Levy stuck to the competent business manager side of it rather then showing so much of an interest in the footballing side and especially trying to do what he feels is best for the club then we wouldn't really be having these debates!!
Slurms McKenzie
10/03/2014 12:23:00
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Perhaps the likes of Baldini should have more of a public profile and have the odd press conference to expalin what they are working on and where they envision the club going rather then us lot dumping every misfortune the club suffers at Levy's door?
Slurms McKenzie
10/03/2014 12:25:00
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they hold the fans in contempt and don't even bother to respond to questions from the supporters trust...this lot take from the club but don't put anything in (levy pays himself millions)...all those saying how well run we are have yet to answer the 70m debt question???? Time for this lot to go, ENIC out!
shedboy2
10/03/2014 12:28:00
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Slurms I agree 100%. I just don't get why there is a lack of communication between club and supporters. We know nothing apart what we see and hear via the media. ENIC can't be oblivious to what is going on. Maybe they don't care about the support, just care about the colour of money. COYS!
James1
10/03/2014 12:30:00
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Just like any player, the club is for sale. Always has been. If you have close to 1B Spurs can be yours. They will not sell unless someone gives them what tbey would get in 5-10 years. Heck, this season, not having spent the new TV money and made a nominal transfer gain, they stand to have 35M in pocket, at a minimum. Golden goose that is. Further, all the stars will want out. None will want to come. Cha-ching. More profit next season and a manager that likely costs what his experience merits. Why leave before you strip the club out. Surely these ogres will do that, at the very least, and earn the misplaced vitriol they come in for.

Fact is, every year, up to this one, they have suffered a nominal loss or made a nominal profit. That's what the audited league reports state. Fact is, they suck at letting the people they hire on the football side to do their jobs. They are not perfect. Lots of room to improve. Could be worse. Pompey, Leeds, Blackburn, West Ham, Fulham. GO TIGERS. COYS
peterballb
10/03/2014 12:32:00
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Re: The stadium. The way I see it is very simple: We are not just in the process of building a new stadium. It is about the regeneration and rebuilding of the local infrastructure of the whole of the Tottenham area. This is no mean feat and cannot be achieved overnight and, it's not THFC's total responsibility... (Someone on here wrote that the area and good people of N17 does not/do not deserve it!). That has got to be the most prejudice and inane comment about this project I've ever read or heard... ENIC in. The grass is not always greener.....
MAN ON!
10/03/2014 12:40:00
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A very well written article Jonathan. You've summed up my feelings precisely. ENIC have been good for us and have stabilised us financially so that we're now ready to move on to the next level. We've been ready for the past 4 or 5 years. Unfortunately they're now not interested in risking any more of their money to move us forward. Too much risk doesn't work for ENIC. Unfortunately they're also greedy (both Lewis and Levy) so they won't sell cheap. Whilst we are stalled in this ridiculous Mexican stand-off our team and our club suffer as we fall away from the challengers for the title and CL qualification. As fans we're typically impatient but I think ENIC have been given more than enough time to prove they're committed to improving us further. They've failed to deliver so they should do the decent thing and sell for a fair price. We all know what Levy thinks is a fair price so any potential sale is very unlikely in the short to middle term.
SpuriousLife
10/03/2014 12:42:00
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Excellent article Jonathan. Levy should be the company’s accountant, not running the show. I only have two small disagreement and one is about Redknapp. He would not have continued to get us top4 without Modric and Bale and even King with his dodgy knees was still world class, and his signings were not very imaginative. But I think you were alluding to that anyway. Also it might be interesting to see if Suarez stays at Liverpool for another year
matt hoten
10/03/2014 12:44:00
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Spurious the only problem with that analysis is that the further we fall away from contention the less the club will be worth and the bigger the investment for any new owne rwhich would drive down the profit Enic/levy/lewis woudl stand to make?
Slurms McKenzie
10/03/2014 12:46:00
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Ok Enic or formerly known as English National Investment Company ! the clue is in the name, Joe Lewis holds 81% and DL 29% or there abouts, they are a investment company not a sports company, they will take their dividend and bonus each year and just keep smiling, they have no interest in CL at all and are very short sighted as success breeds success, and failure breeds failure, Mid table mediocrity will keep them smiling and the fans will keep buying, every year is a rebuild oh no sorry "Transition" year, but we never seem to move forward, do we want to move forward as in this day and age that would probably mean whoring ourselves out like the Chavs or *****eh and getting a sugar daddy that wants to change everything ala Mr Tan at Cardiff, The real issue here is DL treatment of managers and lets be honest, there aint much job security around WHL and lets not just think about the manager, when he goes then a whole bunch of backroom staff will follow him out of the door, so whilst we think AVB got the bullet maybe 10 others were also affected, plus their families who may have relocated etc, as for the stadium, each time they mention another old granny puts another little bit of her savings into ENIC so to keep it going and perpetuating the myth is good for business and keeps the coffers rolling in, and if they were to get a sponsor for the ground they would then actually have to start the project, I would not be at all surprised if the alleged company holding out for more money is not held by either Joe Lewis or DL in some dodgy offshore company name, nothing really surprises me other than people being surprised !!
totuae
10/03/2014 12:47:00
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o you disagreed with villa boas appointment then? Redknapps too.. Or how about VDV for 8 mill, genius buy.. and sell him for profit.. Berbs, modric, carick and bale insisted on going, so what does levy do, gets extra season from modders and bale, and makes about 115m profit on all of them.. would you rather have them in squad unsettling the team, like vertonghen is potentially doing now?? stadium plans look quality, and granted too many delays but at least we know it will be done correctly and we will be able to compete still on pitch.. spurs fans seem to forget the days of paramoe, chimbonda, korsten etc.. tired of the levy haters, yes hes not perfect, but to doubt he wants CL is ridiculous.. terrible article..invested all of bale money, hes not to know soldado/lamela wouldn't produce, they were great signings at time and may still be.. if he was only concerned about profit he would have kept half of bale money.. GREAT chairman AND spurs fan, we could do a lot worse.. to even compete with utd, city chelski and arsenal is commendable.. you may miss him when hes gone and we end up either a totally faceless club like city/chelski or with an Ashley/Tan muppet in charge..appreciate the quality of our squad whilst its there..
Sepul Tribe
10/03/2014 12:50:00
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wow I think I may have just started our own conspiracy theory !
totuae
10/03/2014 12:50:00
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I got too Liverpool could have encouraged a bidding war and got 60 million for Suarez! No they couldn't because only Arsenal were interested. If PSG, Real Madrid, Barcelona, Bayern etc. had bid 40 - 45 million for Suarez he would be playing for them it's that simple, you reference Modric but fail to mention the refusal to sell to Chelsea for more than what Arsenal offered Suarez! It's called balance, the article may make some verb good points but don't cherry pick "fCts"
spurticus87
10/03/2014 12:50:00
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Absolutely Slurms. Looked at the other way it makes ENIC's reluctance to make relatively small investments to push us into the CL even more foolish as the rewards (financial and on the field) have been within our grasp for the past 4 seasons. We've penny-pinched and missed out on £40m to £50m each season out repeatedly.
SpuriousLife
10/03/2014 12:55:00
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Sepul Quality/squad ? have you seen any of our recent games ? I do agree however that with the correct guidance and some steel and nuts shown by our squad we could compete at present we are not !! no wins against a top 4 team this season is my fact
totuae
10/03/2014 12:58:00
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last time we did a 'It's time to go' thread, AVB left a few weeks later, wonder if this does the trick too....
Ossie
10/03/2014 13:00:00
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Because as we know there's a string of unbelievably wealthy people just dying to sink billions into the club, honestly no Vincent Tan's at all. Stupid piece.
jod
10/03/2014 13:03:00
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To my way of thinking I'd rather keep ENIC than some of the other clubs' owners. BUT I just wish they would re-draw their model and make the football side of it an individual entity. Then every summer allow the football management team a fixed amount for player's transfers and wages etc. That's it, if the manager wants to buy above that amount then he has to sell to do so.......... ENIC must still retain overall say and responsibility for running the club as a whole. They dictate general financial turnover, wages, sponsorship and kit deals, but leave the footballing side alone, TOTALLY. .......... Let the manager say who he wants as backroom staff, medical staff and any thing to do with the footballing side. If necessary have a director of football to liaise between both parties. I would, personally, hate the idea of another owner coming in like the Birmingham chap who's now facing money laundering charges or that man Tan at Cardiff. Jeez we'll playing in red soon. As a business venture I don't think we would get much better owners but as a football club we certainly could!
longtimespur
10/03/2014 13:06:00
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What a biased and distorted opinion and, knee jerk reaction. ENIC ownership has produced a new training ground, a new stadium on the horizon, a better squad of players, but the worst audience who moan and grown if the show is not entertaining them. Then blame someone, ENIC. Levy Manager, Players, etc. Man Utd had to sell Ronaldo against thier will and Arsenal had to sell Van Persie. So its all down to ability to pay excess wages. - Man City and Chelsea are examples where money is no object. Apart from missing out on Brendan Rodgers most actions from ENIC have improved the club. Cannot say the same for audience!. To call some spectators football supporters would require a leap of imagination.
camper
10/03/2014 13:08:00
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I'm asking because i genuinely don't know, did suarez's £40m buy out clause mean that if a club offered £60m he could effectively by himself out of the contract and keep £20m, in which case it is not a comparison to Bale's contract. I'm no ENIC fan, i think their ambition is solely to maximise shareholder value when they leave. having said that no club can stop players going to real madrid, you can only try to put this off and to get maximum value which it seems ENIC has done. To me the stratergy would be different, i would look for the best up and coming players and demonstrate that playing to the best of their ability is the way to get a Real Madrid or Barca shirt
troffer2
10/03/2014 13:09:00
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jonathan01: I have to pull you up on one point in your article. It's simply not true that we are struggling to fill WHL.
MAN ON!
10/03/2014 13:10:00
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meant to say playing at spurs for a few years but i think you get the gist
troffer2
10/03/2014 13:11:00
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camper... Here, here.
MAN ON!
10/03/2014 13:13:00
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MAN ON. I got my tickets for the Man City game less than a week before the game. There were hundreds of empty seats in the ground - I am not exagarating. I am a member and until the last couple of seasons I found it really hard to get tickets and would be waiting on line for ages. Now I can log on at almost any time and get a ticket.
jonathan01
10/03/2014 13:19:00
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Re the selling of players, I don't remember Liverpool selling players when they were finishing sixth and seventh. Why should we have to. IMO there is a culture of selling at our club and everyone knows it.
jonathan01
10/03/2014 13:20:00
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totuae - point taken, at the mo we ARE crap but i feel potential is there with right manager. Think Levy been unlucky with managerial choices, just takes one to make it click. unfortunately redknapp was for a while but had to go..
Sepul Tribe
10/03/2014 13:23:00
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Since the full time whistle on saturday there have been 4 articles posted. They in turn are slagging off a player, our head coach and our owners. I am not happy about this season or indeed our result against Chelsea, of course. But, this is all way over the top and I can't get my stupid little head around it. See you all on thursday... If I can be bothered .
MAN ON!
10/03/2014 13:24:00
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Sorry it's off topic but If anyone's interested our u21s are 4-1 up at half-time against WBA. Kane has 2, McEvoy and Ogilvie the others. (https://twitter.com/spursofficial) for regular updates.
longtimespur
10/03/2014 13:27:00
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Here's our U21 team vs WBA - McGee; McQueen, Stewart, Ogilvie, Fryers; Onomah, Veljkovic, Winks; McEvoy, Kane, Coulthirst.
longtimespur
10/03/2014 13:28:00
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Jonathan, Gerrard aside and he considered leaving they didn't have any good players too sell so that comparison is ridiculous and wait a minute........they sold Torres to Chelsea.....excellent response
spurticus87
10/03/2014 13:29:00
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Oh and Alonso to Real Madrid......
spurticus87
10/03/2014 13:31:00
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As far as I'm aware Daniel Levy has always made it known that THFC is up for sale!!
longtimespur
10/03/2014 13:31:00
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MAN ON/sepul/logtime/camper ... Good posts guys!
Geofspurs
10/03/2014 13:33:00
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Mascherano, Miereless
spurticus87
10/03/2014 13:33:00
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Unfortunately we cannot buy new players unless we sell ones we already have (the ENIC way)this is where we are always caught out as Liverpool, Man U and Arsenal at least give their managers money to send. Ours is from the proceeds of departing players.
spursnoob
10/03/2014 13:35:00
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MAN ON, IF you're still reading, this is one of the problems with some Spurs fans. Sorry but this is a Forum for fans to comment on and, as such, they are within their rights to say what they feel. Not that I agree with quite a lot but everyone has their opinion.
longtimespur
10/03/2014 13:36:00
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I think it's time to take a deep breath! This kind of day on vs happens every time get beaten. We HAVE been disorganised, chaotic and generally poor all season, agreed. But we lost to Chelsea at the weekend! The team that are unfortunately, likely to win the league this year! I could go into how we have performed against the top teams this season, but I won't, as we all know it! Too many goals conceded, not enough scored, heamoraging everywhere!
however, we are still in fifth and in the last 16 of the EL! Could we have anticipated this with hindsight into the kind of year we have had? No, not in my opinion! I understand there are issues right from the top to the bottom at our club, and they might well continue until we get some solid changes and direction communicated.
Only last week we were mostly saying how optimistic we were for march, 6 big games! We have played one of them, and we lost to the likely winners of the PL. The score line IMO does not tell the full story, as it didn't v city away. We have "capitulated" far too much and that's down to Tim to sort out. Nothing we can do now but hope for some success this month in the PL, qualify for the last 8 in the EL and keep going as best we can til may!

the club is in a mess, injuries, locker room, manager, and the direction of our owners, or lack of. But I for one still will support the club, the team and our owners. There is the stadium, Broomfield, new manager, all good news buzzing under the radar! As usual we are blind to the details and progress, and that's wrong, but there are a lot of positives there too! One game out of six in march lost, 5 big games still to play! Let's not knee jerk and let's get behind the club and players! We have to be careful what we wish for regarding owners. No guarantees of a good one!

right, time to get the bulletproof vest on and await a bashing!
Dublin Hotspur
10/03/2014 13:37:00
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Transfer league.co.uk go check if out and then say they have been lining their pockets!
spurticus87
10/03/2014 13:38:00
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Fair point Spurticus re Torres. I take that one back. I think they knew he was past his best though. I still think we are a selling club. Thanks to everyone for all responses - I was just opening a debate.
jonathan01
10/03/2014 13:38:00
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MAN ON! mate I see your point, quite valid but I think we all saw this building up to a crescendo. Most of us have been suckered into this, me included. COYS!
James1
10/03/2014 13:38:00
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No, I disagree that it is time for ENIC to go. Yes, Levy should hire a coach and then just butt out of first team affairs. Period.

But off the pitch, they have done a great job in comparison to where we were before they took over ... in fact, you could sat the same for our performances on the pitch. My advice is to concentrate on the Stadium, and stop interfering with the football.
SpursEagle
10/03/2014 13:41:00
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Afternoon Dubs..... we are only 5points in front of Toffees who have 2 games in hand. But only 6 points off 2nd . We are such a ****e team aren't we....lol
longtimespur
10/03/2014 13:45:00
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I'm off to walk the dog whilst the sun is shining. WBA have a second goal in the 72nd minute. 4-2 now. Catch up later.
longtimespur
10/03/2014 13:46:00
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longtimespur, Of course what you say is true, it's also just in my opinion that I'll not write off the entire club overnight, as I would only be a hypocrite. I really can't deal with so much negativity all in one go. I do respect everyones opinion, as long as it's not abusive. I'll still read on, as I'm fascinated by it all even though I disagree. I'm just thinking about the next match and that's it.
MAN ON!
10/03/2014 13:48:00
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Dublin I am sure that I saw a post from a certain Pele10 who may have mentioned this before !
totuae
10/03/2014 13:49:00
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Fair enough Jonathan I see logic in what you'd saying and agree and disagree in parts, what grinds my gears is Liverpool held on to Suarez because they stood strong. No they didn't! They held on because no one else wanted him because he was behaving like a bell end!
spurticus87
10/03/2014 13:50:00
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I believe that The scum offered 40 mill and 1 pound to try and trigger his release clause
totuae
10/03/2014 13:52:00
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spurticus87 -- You are completely right regarding Suarez. if the roles were reversed, and Madrid had a final bid of £40 million and 1 pound for Bale, while Arse had thrown £86 million at Liverpool for Suarez, those same people would be saying WE stood strong! Money talks, Madrid did a lot of that and arsenal didn't.
SpursEagle
10/03/2014 13:53:00
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SpursEagle that is what most sane fans want.You think as businessmen, they would understand not to interfere with football matters unless THFC are in real danger I.e. relegation. That is why I never understood why he sacked AVB. Did he really think Sherwood with little management experience would do a better job? He must have done. So I hope if the rumours of Broomfield is true and Baldini stays, with assuming a new manager next season then maybe we can look foward to next season. Oh and there is still plenty of football left before the end of this season. COYS!
James1
10/03/2014 13:54:00
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Bale and Suarez cannot be copared. The situation was not the same at all. RM wanted Bale and were willing to pay. They only wanted Suarez if Bale would not go. He was a backup plan. There was no other genuine interest out there, so there was no interest. Bale was on 100k/week ish. Suarez is on 200k/week ish. Can you see the difference? Bale has always wanted to play for RM. RM came in for him. They let his agent, hias family, his Spurs team all know they were going to buy him and pay him far more than what Suarez is making at Liverpool. Yes, levy could have said no. The money would have depreciated. He'd never play for the shirt (then again, who cares because no one else does). He'd be 80%. He'd let his contract run down then walk for free. No players who believe that there are bigger clubs than Tottenham who may sign them in the future will come to the club. Problem solved. You'll only get players who only want to play for Spurs, like Townsend. Oh wait, you say he'd go to ManU for double the money if it were offered. That can't be so. Money has nothing to do with any of this. Spurs have the inherent right to CL and all of the best players on wages that fit in to our model. We deserve it. Look at all of our recent glory. We are Spurs. Far too good for tin cups. Just let us play in the CL. Forget standing and walking. Just run. When ENIC took over, we were a CL team winning trophies every year. What have these penny-pinchers done to our formerly number 1 in the world club. Oh the inhumanity!!!!!

They suck at making personnel decisions relating to the footballing side of things. That's as far as I will go in slating them. The facts do not support the other vitriol thrown out on here. Far better to ask why our manager and millionaire players could not be bothered to show some fight, desire and respect for the club. Tactically set up, to at best get a 0-0 draw. Man, and I thought AVB was boring with all that control and limiting opposition chances. Every player stank out the joint. When did we string together three passes? The only move I remember us creating anything was the one where Bentaleb went it alone with two in the box. That was it. Yes, Sandro, on a broken play struck the ball sweet and Cech made a world class save. No creation, no imagination, players out of position with players in the lineup who could play those positions. Farcical. Yes, we proved that, like all the minnows do to us, if you stay behind the ball, don't push forward, get lucky with calls and inefficiency from the opposition, that you can, for a fair stretch of play, limit a team that's trying to create. We were never in it to win it and the players all looked the part. Once a goal went in, it was game over. There was no response from our lads on the pitch. They all switched off. They make way too much money to be bothered with that crap. Heck, most all know they don't want to be here next year.

And to go directly at the manager now, what exactly does he believe the board should be saying? I don't recall him running to the press and saying that the board should back AVB and allow him to do things his way. In fact, he clearly had Levy's ear, and, it strikes me by his comments since in the post, that he was probably not AVB's biggest fan. Careful what you wish for. Same applies to all those who want a new owner. Myself, I just want an owner that will allow football people to make football decisions and allow the plan to run its course. You simply cannot hire Ramos, spend ridiculous sums of money on new players and then sack the coach because it does not work from the off. Same can be said for AVB. We still have not been able to field our best XI players. We don't really know what we have beyond the obvious, too many MF'ers, not enough strikers for 4-4-2 and too many injuries to bed new foreign players in at a gradual pace. Another fine mess you have gotten us in to Ollie. Focus on the business. Let Baldini run the football operations or get Klinsmann in here to do so. Better still, hire Mancini as soon as Galatasaray are out of the CL. Perhaps there is still a window to make something of this before it all goes sideways this summer. COYS
peterballb
10/03/2014 13:55:00
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Good article, I tried to make my feelings clear before Harry got the chop that the next manager was absolutely vital for the short term future of Spurs. Unfortunately, Levy once again, ballsed it right up. I'm looking at our club now and despite being in 5th see a mess, we've lost star players year on year, we're relying on Sherwood, to get us top 4 with no management experience, our best players putting themselves in the shop window seemingly unopposed by any of the senior staff at Spurs, this coming after buying 100 million quids worth of talent. While Levy does balance the books exceptionally well, we may need someone with a bit more ambition to take us forward.
coys1717
10/03/2014 13:55:00
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James1 -- Completely agree, mate.

Just something regarding what you said on another thread that I meant to comment on. That story about your dad! While I have the greatest sympathy for him and what he went through, I spat coffee at my computer screen the way you described his fall in the bar! Too funny man ... and my condolences to the man, of course!!
SpursEagle
10/03/2014 13:58:00
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Peter, you say that your only criticsm of ENIC is their decisions regarding football matters. Well it is actually a football club they are supposed to be running.
matt hoten
10/03/2014 14:37:00
0
As Slurms says - better to have owners that actually HAS progressed the club in terms of finance, league position, expectation, transfer expenditure, transfer revenue gained. The author mentions not delivering "success on the football pitch"... If I told you 6 years ago that ENIC would have delivered CL football, and a subsequent 4th place, and even after that got a record total of points, you would be thinking this as "success on the football" to a side that commonly finished in bottom half pre-ENIC. There are far worse owners....ones who get done for money laundering, change shirt colours, change club name, cause clubs to get relegated or nearly go out of business. Maintaining a CL is not easy when there are 5 teams at least with higher revenue than you, who want the CL just as much as we do. We ARE doing it the right way. We are in the same situation that Villa, Leeds, Newcastle were a while back. CL football within grasp. They over stretch themselves and pay for it for years afterwards. The best way is to do what we do: stay in contention. Stay getting 4th every other year. Sooner or later, the right blend will click into place. We will get the right manager, and we will kick on - especially once the stadium comes in. Patience. Yes, there were mistakes. Every owner makes mistakes. As long as we stay finishing above teams with higher revenue, then we are doing as much as we can - Chelsea, Liverpool, Man U... It will become harder and harder to keep doing that. To gamble it all is silly. You COULD argue that we did gamble away the 100m Bale windfall, and how many of those players have significantly progressed us? Splashing money isn't everything. And as we found out, you do not feel the benefit immediately. Next season, our "new" signings will eventually click. As for paying CL-level salaries, firstly you need the revenue to do that - either from stadium, CL money EVERY year, or the financial benefits of being a highly marketable club. You can't just conjure up money out of thin air and maintain that. The author moans about not maintaining a CL place, and his solution is non-maintainable. Fail to make CL 2-3 times in a row, and we are toast - as many teams have gone before. I understand the impatience and frustration, but this season we have merely been undone by Liverpool clicking. Aside from that, we are on course to match last season's points total - as long as we pick ourselves up from the recent loss.
TonyRich
10/03/2014 14:39:00
0
Hahahaha SpursEagle that was funny mate. I think everyone laughed in the pub until they realised how bad it was, but my Dad still laughs about it now. Btw sorry about your coffee stained screen ;) COYS!
James1
10/03/2014 14:40:00
0
Spurious Life, where do you get the 40-50M GBP numbers for just being in the CL? I have seen nothing to suggest that. Last season the group stage teams were guaranteed 8.6M Euros with a team being able to make 37.4 M Euros if they won everything. There are further bonuses for group stage wins and draws Then there is the TV pool share to add to it. Now, we don't get the allocation any of the other top EPL teams do (because we are not the same TV draw), so our monies are less. Yes, if we took just the raw numbers from "cash", which is where all the CL and other non-fixed incomes go, we increased from 17M to 64M. A huge number. Salary commitments also went from 67M to 91M, and there were a lot of other costs. Huge net spend in the markets made 2009-2010 numbers look worse. On the turnover, if you want to ignore all of the "why's" behind the numbers, we went from 119M in 2009-2010, to 163M in 2010-2011 (where we made it to the quarters), back down to 144 in 2011-2012. So, if one chooses to ignore the reasons for the numbers, it would equally be fair to say that not being in the CL only cost us 19M. All of the factors must be included. Salaries in 2009-2010 were 67M. They went up in the CL year to 91M and decreased to 90M the year after. That was all before we incresed the wages of Bale, Walker, Defoe, Dawson and brought in Lloris, Dempsey, Adebayor, Dembele all on decent wages. I expect (numbers won't be out until April or May) that the salary figures for 2012-2013 will have greatly eclipsed the 100M. That is the cost of a large squad and players being in Europe every year. So yes, you make more if you are in CL and you are required to spend more if you are in CL. I reckon the difference is 20-30M (which is not insignificant) and eventually those numbers get eaten up by salaries because every player expects their piece of the pie. COYS
peterballb
10/03/2014 14:42:00
0
the article lost me at " it was not a great stretch to establish our club as genuine title contenders". Do you honestly believe that??? I dont know one spurs fan who thinks that. We burst through our glass ceiling but surely we all knew it was only for a year didnt we?? Surely you can see that our revenue streams just cant compete long term with the teams above us until we can get a new stadium?? Surely you can see that right?? Spurs great problem is our lunatic fanbase who fail to see reality for what it is and heap mountains of ridiculous expectations on a group that simply are not good enough. you can blame Levy, you can blame Sherwood all you like, the buck stops with the players. Look at Vertonghen, he couldnt give a monkeys at the minute, appalling from him and appaling again from our fans.
jimmy-yid
10/03/2014 14:50:00
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For me ENIC have stabalized us financially and have taken us as far as they really want to go. Where we all want to be comes at a cost and the risk involved is simply too great for ENIC to take.

On the flip side, would we all be happy if a billionaire businessman took over and changed our colours to red and wanted to call us Tottenham Dragons?
Lets be honest, the grass is not always greener, I personally think Levy should be more accountable for his actions, he is constantly interferring with football matters where his knowledge is limited, his transfer policy is the 2nd biggest joke when the window opens (behind Harry hanging out his car window), everyone knows Levy likes to wait until the 11th hour yet we should be installing players at the start of the window to give them time to settle, meet their new team mates and understand the tactics of the team. Then we can hit the ground running in mid August instead of waiting until October until we see the new signings.

The last point is the lack of openness between hierarchy and fans, does any one fan know what our relationship with Real Madrid is, what's in it for Spurs?

For me ENIC need to move on but who is the right investor to take us forward?
yiddyboy
10/03/2014 14:52:00
0
jimmy-yid -- completely agree with everything you say, especially regarding the unrealistic expectations of the fans.

Concerning Jan? Jury has to be out on whether he gives a toss or not. It could be he's just going through a bad patch. However, you could also be spot on. I'll give that a bit more time, though
SpursEagle
10/03/2014 14:53:00
0
Good to see you back Peter, I always wonder where you are when we (as in Spurs) go on a winning run, but all the same good to see you find time for VS after we lose.....
Ossie
10/03/2014 14:55:00
0
matt hoten, it is actually a business. This is not rec football. It is a business worth almost half a Billion that will be worth close to a Billion once the stadium is in place. Football is the product and, last I checked, people kept buying in as do sponsors, players, managers etc. Arsenal is a business, run by the owneres of WalMart as a going concern to not run losses and eventually, once the stadium is paid off, to have profits, all the while appreciating the asset. They are all businesses. Some models can stand the test of time. Some are poorly run. Others have benefactors who will eventually leave. Those businesses will not survive as they are now. COYS
peterballb
10/03/2014 14:57:00
0
U21s won 5-2 in the end, last goal from Shaq Coulthirst. Well done lads at least you're back on track. Hope the first the first team squad will be next time out. Whomever is fit!!
longtimespur
10/03/2014 15:00:00
0
Ossie, I said I would gve TS ten games. I did. Ihave posted here and there. I am in North America, so my schedule does no alays pmit me to post when you are available. I coach two hockey teams and am participating in winter baseball training. Time is at a minimum. I do, however, take the time to read regardless (as I did during the year I said I would give Harry). Yes, I have been fairweather or foulweather all the way back to the early70's. My apologies for being so. None of that however makes my points any more or less correct. That's what facts are for. And my subjective opinions, I am entitled to as well. As are all. COYS
peterballb
10/03/2014 15:05:00
0
peter- do you really think Klinsmann would be interested in giving up the lifestyle he enjoys in USA to come to Spurs.No chance.
topspur53
10/03/2014 15:12:00
0
Saying it for a while now a change at the top is needed to become a football club and team again. Balance sheets look great as for the team sheet who knows anymore
bazdog
10/03/2014 15:19:00
0
ppl like TS should be staying i appauld hes honesty and the truth about us, finally a manager has balls tocome out and say it as it is, now of LVG done it well respect guy he would be praisedbut a itsa rookie who hasnt got a club its deemed hes dim, its allabout preception
123spurs
10/03/2014 15:21:00
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