🏴 Harry Redknapp, Rio Ferdinand and Jermaine Jenas all firmly insist Spurs’ squad has declined due to the lack of competition and investment to push the squad on:
— Last Word On Spurs🎙 (@LastWordOnSpurs) July 5, 2020
🗣”They need people to come in and inject some new life."
[@BTSportFootball]#THFC #COYSpic.twitter.com/uaqNDRgB7T
This clip from BT Sport is priceless. Harry Redknapp, Rio Ferdinand, and Jermaine Jenas are all assembled, discussing Tottenham. Essentially lamenting the loss of the ‘good old days’ at White Hart Lane, when Walker and Rose were bombing up the wings, and Dembele stood firm in centre-midfield.
“Has the lack of spending gradually worked against them?” poses Linker, whilst miraculously keeping a straight face. This is a seminal TV moment for Spurs fans.
All the bragging about Tottenham’s low net spend has come back to bite us repeatedly, in the bottom, and it’s not as if nobody said anything along the way.
Jamie Carragher in 2018 told the Evening Standard, that the net spend at that point during Pochettino’s then 4-year reign, of £29million, simply wasn’t good enough.
As infuriating as Mauricio could be, he worked comparative miracles, but was horribly undermined by Daniel Levy, who spent freely on “infrastructure” and hasn’t stopped spending yet…
All these pundits, every single last one of them said Spurs didn’t need to buy anyone at the time of our ‘success’. For reasons such as, ‘new players would upset the squad’ or ‘who is going to come and play second fiddle to Kane?’ Utter drivel by this lot, including Lineker, Jenas and Ferdinand. They sit on the fence, toe the line, support the brand and act like sycophants towards one another and can only see what is in front of them. Makes me sick now that we have hit the skids, they have changed their opinions. We knew 3/4 years ago what we were headed for. If you didn’t, you’re as dense as a former footballer.
Whate grates me is that Levy was hailed a genius for overachieving with low net spends. Then he comes out and started doing meetings and interviews and saying silly things like ‘spending money in football is not sustainable, and that spending big on quality is no guarantee of winning’… Then when the 💩 hit the fan he immediately sacked poch and used him as a scapegoat. Bad results were obviously the managers fault, not the two years neglect which took the souls of two thirds of our players.
Nuffink like statin the bleeding obvious
thats a good way of putting it when many people say Levy and Lewis never take money out, i.e. divided’s, the money (360m profit) went into buying land and development and not the team so the risk for them is minimal as property always increases over the long term and they will always have an asset, be it playing the long game..
On the subject of valuing the business, if you take the debt into consideration and the substantial cost of rebuilding the team, it is not an attractive proposition. It is all vey well supporters saying that the club is self-supporting but if Enic are using the club’s income to boost their property empire, that is the same as taking money out of the club in the form of a dividend. Levy awarded himself a £3 mill bonus for going 100% over budget and bringing the project to fruition one year late. He then lied to the supporters by stating categorically that there would be money available for transfers despite the cost of the stadium. One thing that perplexes me when they talk about what Spurs might be worth to a buyer. Why would anyone buy a PL football club which does not own it’s own ground? Don’t forget that we are anchor tenants and I imagine the same goes for the training ground, another world class facility. So nobody is going to buy the club without the ground which is really a shopping centre and occasional NFL stadium. I suspect there will be a continuing gulf between what any buyer might be willing to pay and Enic’s valuation. Does this remind anyone of Levy’s negotiating strategy in the transfer market?
Its unsellable in my view as the debt is too huge to take on unless new potential owners get it for 500m, which is why ENIC will be here for a long time..
I know its already been posted but just to remind people ENIC are still developing property using Spurs income for flats, shops etc down the road from White Hart Lane..I don’t see how they get away with this..
Levy has a degree in Land Management I believe and he’s obviously very good at that. He knows what the return on investment in property assets is. The return on investment on players is much more difficult and unlike London property prices which only seem to go one way there is no guaranteed return. I think he has an inbuilt fear of investing in how can I put it “human capital”, its much harder to understand than bricks and mortar. That’s why all the physical infrastructure at Spurs is world class, stadium, sliding pitch, training ground facilities but all the human resources, academy and youth development, scouting and recruitment, fitness and medical, and last but not least the first team playing squad is not fit for purpose.