Home » Levy’s Failure To Take Out SARS Insurance Has Been Calamitous
Levy’s Failure To Take Out SARS Insurance Has Been Calamitous
By Harry Hotspur -
Our thanks to our very own COYS1882

What I continue to struggle with, is that the home of British Tennis, Wimbledon took out cover against a pandemic, yet ENIC didn’t bother. The last time I looked, Wimbledon’s biggest commercial partner makes high-end wristwatches, and Tottenham Hotspur’s is … yep, an insurance company.

Harry Hotspur

The debt repayment and even the debt itself are not the game changers here, the pandemic and a failure to insure against such an event is. It was arguably the one insurable disaster that could have derailed ENIC’s cash cow vision for the shiny new edifice, so why was it not covered?

One might surmise that Levy was too cheap to stump for the insurance premiums, but whatever the reason, such lack of foresight from our highly paid supremo, a 1st class honours degree in land economy notwithstanding, was a calamitous error.

In truth, once the dubious panacea of a vaccine is available, the Marxist mandarins running the nanny state will likely allow full attendance at sporting events again, which will enable the stadium once more to produce the kind of income envisioned prior to its construction.

However, the negative economic impact of the intervening hiatus may take several years for THFC to overcome. The habitual poverty pleaders running ENIC, having found the perfect pretext for justifying their preternatural parsimony, don’t expect a return to the promised land of the Champion’s League any time soon.

Tags AIA Covid-19 pandemic insurance NewsNow SARS
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Essex Tony
Essex Tony
5 months ago

If your Levy, you can always award yourself a bonus for screwing things up. Money is always there for that one, eh?

Panama Paul
Panama Paul
5 months ago

Nicely put. There will be plenty of pressure on governments around the world to start opening up sporting venues to paying punters to inject non-public cash into the sports industry. In our Mothership, ticket revenue is secondary to the other commercial activities on offer to generate additional revenue for ENIC. Clubs lost almost 30% of potential match day income last season once the supporters were shut out. That’s a sizable chunk to disappear. That will worsen the longer the stadiums are locked down.