| With the English National Investment Company (ENIC)
buying a controlling interest in Tottenham Hotspur plc, the club enters
a new era with Sir Alan Sugar taking a back seat on the board. But
will it be a new broom that sweeps as clean as some of the fans wanted
??
With the company being an investment company, it
is only reasonable to assume that they will carefully monitor the
profitability of their money and that would not necessarily involve
throwing money at the team without any restriction. The days of
Jack Walker at Blackburn Rovers and Jack Hayward at Wolves have
gone. No more will those who have made their pile come into a
football club and be willing to shell out on top price players.
Buying the title is not a route that many teams have gone down, although
Blackburn did it, you should ask where are they now ?? Wolves
still linger in the First Division despite spending big. A prudent
approach to the financial input to the club is what we can expect from
ENIC, which will mean something not far removed from what went on under
Sugar.
Where they may prove more beneficial to the club
is in their marketing of the Tottenham "brand". The club
are hanging onto their media rights and this could make them a very
tempting proposition for a TV/Internet company who realises that the
potential for growth at the club is huge should they start to challenge
regularly for the top trophies. Just look what happened when Spurs
won the "Mickey Mouse" trophy - the League Cup - in
1999. The tie in with a media deal could see the club bring some
major investment in to bolster the squad, ground and the development of
the Academy. There are also links with bookmaking that ENIC have
and also in the sphere of football around the continent. While
ENIC didn't take up their share option at Glasgow Rangers, it is
important to see where Spurs lie in their portfolio of football
clubs. Rangers were no doubt the top club in the ENIC collection,
with the other clubs rarely in the Champions League, usually only the
UEFA Cup. Now, although the Scots Champions didn't often get too
far, that didn't matter. The important thing was that they were
getting exposure. Now that they have bought into Tottenham, after
a number of years trying to do so, they are undoubtedly seeing Spurs as
their "jewel in the crown" of their investments. With
this allied to the fact that Chief Executive Daniel Levy is a Spurs
season ticket holder, there is a feeling that things might go in the
right direction. It remains to be seen if Save Our Spurs will give
the company the time to do so. Indeed, I heard someone comment at
the Middlesbrough game that Mark Jacob should be held responsible if the
new owners failed to restore the "glory days". Now
that's a bit harsh, but the constant clamour for success is all very
well, but it has to be a rational approach to gaining a foothold in the
successful reaches of the Premier League. Talk of a five year plan
come into line with what GG first said on his arrival and although
things have occurred to slow that down (causing resentment among the
fans as it has), it is a sound way of building the club up from the
position it had fallen to.
Levy is certainly saying al the right things to
get the fans on his side. The club has lost it's soul, he was
quoted as saying in the News of the World article on Sunday 24th
December 2000. He went on to say that the club should be about
football rather than making profit and that players like Ginola were
fantastic to watch, which is what the fans wanted. He said that
Tottenham should be bringing players like this to the club to promote
the glorious traditions that have existed in the past and desperately
wants to keep Sol Campbell, Les Ferdinand and Darren Anderton who are
available on Bosman transfers at the end of the season. The man
has shown himself at the start of his involvement as a "Tottenham
man", who is aware of what supporting the club is all about, which
Sugar patently failed to do when he came in. Calling them
"Tottenham Hotspurs" and not knowing what the
"double" was led fans to have initial suspicions which
festered away over the length of his tenure.
For all Levy's brave words, he will upset many by
saying that George Graham is set to remain at the club to provide some
continuity, instead of the chopping and changing of managers and staff
that has gone on over the last few years. He seems to have similar
aims and ambitions as Graham, who has said that he wants to bring
youngsters through the system rather than splash out huge sums of money
on transfers. That must have been music to the ears of the new
man, coming after GG was reported to have said that if someone gave him
£50 million he could produce a title challenging team !! The
amount of investment in the team will only be raised from profits made
by the company, as Sugar made clear at the AGM recently.
Therefore, the more profit made means that money could be pumped back
into the team or other areas needing development. Using their
knowledge in the sporting world, it must be hoped that they can generate
the sort of funds needed to make Tottenham great again. They
certainly seem to want to bring young fans in to the club and appear to
realise that these are the future of the club's support.
Would it also be cautious to suggest that the new
owners might be looking at moving Tottenham out of their traditional
home to a place where income could be more easily generated by having a
much higher capacity ?? With the National Athletics stadium going
ahead in nearby Picketts Lock, Spurs could be housed in a stadium with a
potential capacity of 80,000. The arena has received money from
the Sports Council of Great Britain and no doubt there will be lottery
funding in there somewhere, but Tottenham could fulfill the requirement
that is to be met to make sure the facility is used to it's true
potential. The idea of Saracens rugby union team moving in to make
it more regularly utilised is one which appeals to locals as they were
based at Enfield Football Club originally - about two miles away.
However, in terms of revenue generation, Tottenham Hotspur would be a
much more attractive prospect and I am sure that having ousted Enfield
FC from their own borough, the Council would have few qualms about
attracting a Premier League side to bring trade into a deprived area of
the borough. The only drawback would be the transport links to the
stadium. Talk of a new railway station opposite have been mooted
and there is only one main road leading to the site, but the transport
questionnaire currently being run on the Spurs official website must be
for some good reason - normally working out the feasibility of getting
people to the ground using "sustainable means" (i.e not
cars). The only problem then would be to get planning permission
to use White Hart Lane for development (offices, housing) or for
Tottenham to decide what they would use it for if they decided to keep
it. If sold, it could be worth quite a lot and moving into
Picketts Lock would only involve a leasing agreement; not having to own
it themselves. It might not happen, but the thought of increasing
the capacity to a similar level at the present location is one which
causes lots of headaches.
Rather than being of the same frame of mind as one
of the "radical" elements who have been vocal around Tottenham
the last few seasons, Daniel Levy appears to be a more pragmatic
figure. He realises that Tottenham have fallen along way behind,
but doesn't want to go along the lines of some other clubs to regain
lost glories. His is probably a more long term plan not to get
Spurs back up there, but to keep them there when they get there.
For that, his company's financial investment and the emotional
investment of the fans should reap some benefit.
TONY BRENNAN |