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Missing what I'm saying now, I was pointing out that companies can misuse accounts to fit their agenda but OK, I'm the one with the tin hat.Why would they do something illegal when they can legally take money out of the club ?
We have increased revenue. That is not being put back into the club in terms of investment in players, proportional to the increase in funds.
It's not in the accounts.
Where is it then?
Don't actually reply, because you already have your mindset. There's no money, it magically vanished. The accounts said so.
It's why , since fans have been allowed back into the stadium we have massively increased our wage bill and we're the 3rd highest spenders in the league.
You haven't looked at the accounts, so you don't know
But apparently it's not in the accounts.
Even if you did look at the accounts, you wouldn't believe them.
Back to your original delusion;
This is illegal.
Why would they do something illegal when they can take money out of the club legally through a share dividend ?
Ooh, the Levy our mob won't like that.hmmm, this graph seems to back up the calls that the board haven't been backing the team
They'll say it's lies, out of date and irrelevant.
5th highest revenue.
5th highest spenders.
Every team above us has higher revenue
Seriously though, do you have the link to that ?
Also nonsense. The stadium was built almost exclusively with debt at very favorable rates. The NFL pitch has already paid for itself, anyway, but even if it weren't it's cost is <£10M/yr.
People who think if we hadn't built the sliding pitch we could have plowed £200M into the squad don't understand anything about finance and construction of capital assets. That isn't at all how anything works.
Also, in bringing up Twickenham and Wembley as NFL/concert hosts you've proved the point. Those stadiums are rarely used grounds to begin with, and one has a surface for a sport that's not fussed with the abuse an NFL match deals it. The other has months after the NFL to repair the pitch for football.
Without the sliding pitch we could not host NFL games or nearly as many other events on non-Spurs match days. The stadium can be converted from world champion boxing match fit out to a Spurs match in less than 24 hours. No other stadium in Europe can do that - that's all extra income. Income that, because the stadium is owned by Tottenham Hotspur and not ENIC, goes to the club.
The irony is people think ENIC built the stadium for multipurpose for selfish purposes when it literally adds revenue to the club. Which is why the anchor tenant bullshit is so ludicrously wide of the mark. Plenty of reasons to have the hump with ENIC/Levy, the stadium is absofuckinglutely not one.
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Their time is up isn't it.
I think there needs to be some proper organised protests now with singing at grounds being the minimum. Starting with away tonight against Palace.
I think there needs to be some proper organised protests now with singing at grounds being the minimum. Starting with away tonight against Palace.
Im
Going and will be joining in
Christ, are the club really that scared of criticism that they try and silence ex-players when they talk negatively about us?
Really embarrassing that the club would do that. I don’t even think United did that when Keane, Neville etc rip into them.
I've never had any issue with Enic regarding the stadium and non-football related business side of the club. They are smart businessmen.
My problem is with their handling of the footballing related activities where they have consistently made poor decisions. Much of that comes down to an accountant like Levy taking charge of football matters when he really isn't the best person for that role.
I used to work for Apple. When a new shopping mall was opening and an Apple Store was going in there, they were announced as the Anchor Tenant. It was a positive thing. The main thing in that mall. Obviously. Above all else.
You have to have a pretty major agenda not to understand this is the same as THFC being the anchor tenant at the ground. It’s a positive. A screaming loudly positive.
They can get away with it. We are mugs and we pay.
Debt is fine, it’s a lot but tiny year on year. £800m spread over around 20 year low interest bonds. It works out at about £50m per year but the new stadium generates I think about £100m more than the old so we are net £50m positive. Think of it as a mortgage rather than a credit card. Debt isn’t a problem for us and to be fair the finances have been very well managed.