Every penny is ploughed back into the team. That’s what he told us. The caveat being, of course, that’s only once they’ve finished re-routing your money into bricks and mortar. It is useful to bear in mind that ENIC, while experts at borrowing money, only operate this skilful degree of leverage thanks to Tottenham Hotspur Football Club’s good name. Over the last two decades, we have been fine-tuned into an AAA credit-rated operation. Hence, the access to elite borrowing offers such as the Bank of England’s not too distant offer.
Football London has confirmed that an application made in 2016 has been green-lighted and an extreme sports building and community health centre will soon be on their way. While anything truly for the community is a good thing, the other ‘project’ appears to be another money-making exercise, unless this will operate on a free for all basis.
The notion that ENIC has sunk in excess of £1billion into ‘the club’ is risible. What money has been ‘sunk in’ has been rather tragically away from the football team?
