Cain Hoy say 'No'.

Yorkville Spur · Sep 12, 2014

0-Tibsy-0 said:
I don't think much has changed. They have only considered putting an offer in. The statement wasn't run past Spurs first which probably indicates their hasn't been contact and a dialogue. It is simply the consideration of moving towards making an offer for the Club. I wouild be hugely surprised if there arent many companies doing the same for various sports teams that never see the light of day.

Whatever people say, there is still no clear evidence that Levy/Lewis actively want to sell.

Agreed about Levy/Lewis not actively wanting to sell but if Cain Hoy (basically Guggenheim) are going public then I expect they will make an offer above any reasonable valuation for the club and it will be decision time for Lewis. Is he in it for the project or the money? I think we're going to find out.

onthetwo · Sep 12, 2014

"BN 09/12 11:56 *CAIN HOY SAYS NO CERTAINTY ANY OFFER WILL ULTIMATELY BE MADE BN 09/12 11:55 *CAIN HOY SAYS CONSIDERATIONS ARE AT EARLY STAGE BN 09/12 11:55 *CAIN HOY COMMENTS ON POTENTIAL CASH OFFER FOR TOTTENHAM HOTSPUR BN 09/12 11:55 *CAIN HOY AT EARLY STAGES OF ASSESSING TOTTENHAM HOTSPUR OFFER BN 09/12 11:54 *CAIN HOY NOTES SPECULATION RE. TOTTENHAM HOTSPUR APPROACH BN 09/12 11:54 *CAIN HOY ENT (UK) STATEMENT RE POSSIBLE OFFER."

Hot off the press, as they say (from Bloomberg, not the DailyMirror!)

tom4s · Sep 12, 2014

So, an investement group, thereby looking for a return on investment. I think i would like to stick with the investment group that we know in ENIC. *braces himself for neg reps*

Bus-Conductor · Sep 12, 2014

Mullers said:
Two top four finishes but only one of those really matters because the second time round we didn't qualify for the CL.
FAIL
League cup final against Blackburn Rovers, we lost.
FAIL
League cup final against Man Utd, we lost.
FAIL
FA cup semi final vs Arsenal, we lost.
FAIL
FA cup semi final vs Portsmouth, we lost.
FAIL
Last season out performed by Everton who have also qualified for Europe a number of times and finished in the top 8 more than we have.
FAIL.

So like I said thank you ENIC for the one league cup win, which matches Swansea, Birmingham City, Blackburn Rovers and Middlesborough and the one champions league qualification which matches Everton.

Ultimately it is a pathetic return after 14 years in charge, if Wenger is a specialist in failure then by that logic Levy must be the God Almighty of failure.

This is the most ridiculously over simplified argument Mullers and I can't believe you really think in such black and white terms of reference.

Surely you appreciate that our ability to compete financially has some bearing and when contextualised our success has bee largely par with our financial capacity ?

Surely you also appreciate that if our chairman delivers a squad that contains Modric, VDV, Bale, Adebayor it may not actually be entirely his fault if the manager fails to deliver CL football or a trophy.

It may also not be his financial or footballing wherewithal to bring a manager here who would guarantee to achieve better with the resources Levy has at his disposal.

And finally, which ownership regime ever in the history of Spurs, and some of those had much better financial conditions vis a vis the their piers, have achieved better consistency of results?

In other words, you seem to be measuring Levy's tenure against other chairman who have significantly more resources and still coming to the rather odd conclusion that he is failing, where on a few occasions he has bettered them and for much of the last few seasons at least competed quite closely. And even over the course of Spurs history his tenure compares pretty favourably in terms of consistency with most other regimes over a pretty long duration doesn't it ?

Yorkville Spur · Sep 12, 2014

tom4s said:
So, an investement group, thereby looking for a return on investment. I think i would like to stick with the investment group that we know in ENIC. *braces himself for neg reps*

That's a reasonable opinion. I will use my neg rep deflection shield to protect you. It's one of my three super powers.

LexingtonSpurs · Sep 12, 2014

fortworthspur said:
not being a smart ass, but ENIC and Cain Hoy are both investment companies focused on media among other things.

But at the time, ENIC were buying up sports franchises, and Levy, as chairman really wants to build up Spurs, not simply cash out an investment. Since then, ENIC have focused on Spurs acquisition as a business, and not strictly as an investment (I know they are protecting it as an investment, but they are competently running it on a day-to-day basis.) A typical i-bank will come in with no experience, potentially over leveraged to meet the asking price, and start figuring out how to maximize short-term profits = higher ticket prices, more corporate seats (more sterile match-day environment), and generally less fan-friendly.

It all depends on the investors, their financial standing, and their ability to let a football man run the operation (combined with the ability to pick the right football man for the job).

Franchise60 · Sep 12, 2014

Would put our net spend trophy in some serious danger

TheAmerican · Sep 12, 2014

Yorkville Spur said:
Agreed about Levy/Lewis not actively wanting to sell but if Cain Hoy (basically Guggenheim) are going public then I expect they will make an offer above any reasonable valuation for the club and it will be decision time for Lewis. Is he in it for the project or the money? I think we're going to find out.

Cash offer... holy balls.

It's incredible to think that of that much money on hand.

Franchise60 · Sep 12, 2014

tom4s said:
So, an investement group, thereby looking for a return on investment. I think i would like to stick with the investment group that we know in ENIC. *braces himself for neg reps*

The return on investment would come from the value of the club/stadium increasing. They'd need to spend some cash to do that.

This is a mega company. They'd be looking for long term massive growth, not cutting the wage bill to make an extra 5m yearly.

They bought the dodgers for 2.5b and put a lot of cash into the team and made them one of the better teams in baseball quickly.

THFCSPURS19 · Sep 12, 2014

So Cain Hoy launched its operations yesterday and is suddenly considering a bid.

Seems to be like they've been created for this specific purpose almost.

Their must be some really rich guy/company behind this like these Gughenheim folk.

I know fuck all about what's going on here. This has indeed escalated
quickly.

Darth Vega · Sep 12, 2014

Wow, this is interesting. To be honest, it's quite exciting. I think the time has gone to be the good guys. I'd love to be able to compete off the pitch with the clubs above us. If these guys can pump the money in the club that can take us to that next level then I will welcome them with ~~a massive erection~~ open arms.

Bus-Conductor · Sep 12, 2014

This could well be just a new outfit on the London investment block launching themselves with a bit of a media splash.

mpickard2087 · Sep 12, 2014

My concern would be if it would be the type of owner(s) we have seen over the last few years who initially invest quite heavily and look fantastic, in the hope of the club getting European football, the club growing, increased revenues and a more valuable asset for these owners. However the danger is that two or three years down the line, if this hasn't happened (or, for us the scenario would be that we haven't established ourselves in the top four) then the owner(s) often cant/wont then keep up these levels of investment and then you hit trouble. See Lerner at Villa as a good example of this.

fortworthspur · Sep 12, 2014

this could get interesting.....

Drexl · Sep 12, 2014

Could be good for us, hope the guy is a John W Henry type, he is probably the best owner in the premiership, massive passion for football

Yorkville Spur · Sep 12, 2014

mpickard2087 said:
My concern would be if it would be the type of owner(s) we have seen over the last few years who initially invest quite heavily and look fantastic, in the hope of the club getting European football, the club growing, increased revenues and a more valuable asset for these owners. However the danger is that two or three years down the line, if this hasn't happened (or, for us the scenario would be that we haven't established ourselves in the top four) then the owner(s) often cant/wont then keep up these levels of investment and then you hit trouble. See Lerner at Villa as a good example of this.

This is a reasonable fear and is why I'm happy with Levy and ENIC carrying on. Everything they've done has been for the long term--stadium, training ground, academy--so I have faith they have the long term interest of the club at heart. The devil we know and all that, as well. With FFP a sugar daddy ain't walking through that door, anyway.

Mullers · Sep 12, 2014

Bus-Conductor said:
This is the most ridiculously over simplified argument Mullers and I can't believe you really think in such black and white terms of reference.

Surely you appreciate that our ability to compete financially has some bearing and when contextualised our success has bee largely par with our financial capacity ?

No.
Levy expected Jol to get champions league football on a shoestring budget with Carrick and Jenas in midfield.
So if Levy doesn't appreciate that our ability to compete financially has some bearing, why the hell should I?

Bus-Conductor said:
Surely you also appreciate that if our chairman delivers a squad that contains Modric, VDV, Bale, Adebayor it may not actually be entirely his fault if the manager fails to deliver CL football or a trophy.

It's not entirely his fault, coaches, players take the responsibility too. Levy appoints the coach thus takes blame as well as credit.

Bus-Conductor said:
It may also not be his financial or footballing wherewithal to bring a manager here who would guarantee to achieve better with the resources Levy has at his disposal.

Then either he should get the hell out or stop placing unrealistic expectations on coaches

Bus-Conductor said:
And finally, which ownership regime ever in the history of Spurs, and some of those had much better financial conditions vis a vis the their piers, have achieved better consistency of results?

In other words, you seem to be measuring Levy's tenure against other chairman who have significantly more resources and still coming to the rather odd conclusion that he is failing, where on a few occasions he has bettered them and for much of the last few seasons at least competed quite closely. And even over the course of Spurs history his tenure compares pretty favourably in terms of consistency with most other regimes over a pretty long duration doesn't it ?

I am measuring Levy by his own standards which he sets out for coaches, he expected to Jol to get 4th on a shoestring budget after he had taken us from 9th to 5th which was our best finish in the premiership.
For Jol there wasn't any sob story/excuses, it was a text at half time from his nephew telling him he doesn't have a job any more.

SteveH · Sep 12, 2014

Mullers said:
So this is an admittance that the current model doesn't work and it's taken Levy 14/15 years to realise it?

No - this has more to do with those who preceded Levy. Just look at Arsenal and how David Dean laid down the plans for a modern run club way back at the begginning of the premier league.

Spurs didn't start this process until Enic came along in 2001 it really got to grips with problem a few years later.

Mullers you know all this, but choose ignore it. As is your right of course.

JerryGarcia · Sep 12, 2014

yankspurs said:
I know what the article says that Guggenheim arent believed to be behind this, but after some googling, I believe they are...IF(and that is a big IF) there is anything to this.

I hope you had this playing while you were googling guggenheim!

JUSTINSIGNAL · Sep 12, 2014

Mullers said:
Verts is on 65 grand a week and we going to apparently give even more money, how much bigger should we go than that? Attract better players? Better players means higher transfer fees which in turn means coming away from our current model, if we do that, it is an admission that the current model doesn't work.

We are essentially trying to follow Arsenals model. Which is to stay self sufficient. We won't be moving away from this.

It just means being able to offer more competitive wages to give our best players something to think about before demanding a move away. Or being able to realistically compete for more talented players with teams that currently have more revenue than us.

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