Cain Hoy say 'No'.

Yorkville Spur · Sep 12, 2014

ilikeost said:
Lewis is 77, not much time left for that "long haul" you speak of.

Ha! Maybe he's like me and assumes he will live forever. Dying is for for the rest of you suckers. I figure I have at least a thousand years to sort everyone on the internet out. Then I'll take up painting.

ohwhenthespurs · Sep 12, 2014

So reading between the lines - Spurs and the Americans met to discuss financing/naming rights/borrowing for the new stadium. The Americans said "How about we buy the club for $X instead?" ENIC, said "No thanks, not for that price". Hence the stance from the Americans of "we're considering an offer" and from Spurs of "discussions aren't ongoing".
That sound about right?

Mullers · Sep 12, 2014

Francis Gibbs said:
yep and Lewis may still at this point be genuinely not interested in selling, but that will depend on the price offered if indeed CH even decide to bid ..... interesting though that CH have met with Spurs re investing but this has now moved on to considering/assessing an offer

They would probably agree a price, then as the papers are about to be signed for the deal, double or triple the price at the last minute, thus spoiling the deal.

LexingtonSpurs · Sep 12, 2014

Trees said:
I think what Lyall is trying to get at...... Price being offered is 3 times what ENIC paid in 2001.

That is not anywhere close to the value of the team - in fact it would not be close to just Levy's stake in the club. Levy would have them forcibly removed from the premises with such a meager offer. And they would be the laughing stock of the financial district with that kind offer.

£1B will be close to what Spurs sell for - not 3 times the £22M original purchase price.

SpursDave88 · Sep 12, 2014

People here are massively overblowing the significance of Cain Hoy being a new entity. It is an irrelevant fact. Jonathan Goldstein is still at Guggenheim Partners I believe so Cain Hoy will just be a holding Company set up by Guggenheim specifically for the purpose of buying spurs or some other asset(s)

Francis Gibbs · Sep 12, 2014

Mullers said:
They would probably agree a price, then as the papers are about to be signed for the deal, double or triple the price at the last minute, thus spoiling the deal.

ah the old Levy transfer favorite 'the moving goalposts'

Yorkville Spur · Sep 12, 2014

ohwhenthespurs said:
So reading between the lines - Spurs and the Americans met to discuss financing/naming rights/borrowing for the new stadium. The Americans said "How about we buy the club for $X instead?" ENIC, said "No thanks, not for that price". Hence the stance from the Americans of "we're considering an offer" and from Spurs of "discussions aren't ongoing".
That sound about right?

Sounds good. That the club even met with them for financing supports my theory that Cain Hoy don't need the publicity as they are already well known in the money circles in London. It's amazing how quickly you can make friends when you have access to tens of billions of dollars...

GutBucket · Sep 12, 2014

Basically what A. Sugar said, if someone offers some insane money normally that people will sell, otherwise not a chance. Potential buyers seem to be normal rich investors not some oil rich people that don't care about losses too much so I don't think anything will change at least until the stadium is built.

But it's still all very interesting and exciting.

LexingtonSpurs · Sep 12, 2014

SpursDave88 said:
People here are massively overblowing the significance of Cain Hoy being a new entity. It is an irrelevant fact. Jonathan Goldstein is still at Guggenheim Partners I believe so Cain Hoy will just be a holding Company set up by Guggenheim specifically for the purpose of buying spurs or some other asset(s)

I don't think anyone is overblowing that significance - every post I have seen references the Guggenheim backing. These guys are serious players - even if they are not serious about buying Spurs. I am still undecided about how serious they are about following up with an actual offer.

As to Goldstein, I suspect with he is no longer with Guggenheim Partners, as of Cain Hoy starting yesterday. Clearly an amicable move, since the group is backed by Guggenheim Capital, but technically a separate entity.

Francis Gibbs · Sep 12, 2014

SpursDave88 said:
People here are massively overblowing the significance of Cain Hoy being a new entity. It is an irrelevant fact. Jonathan Goldstein is still at Guggenheim Partners I believe so Cain Hoy will just be a holding Company set up by Guggenheim specifically for the purpose of buying spurs or some other asset(s)

exactly in basic terms CH are vehicle for a group of investors to invest or buy in Spurs and possibly other things - the key will be who make up the actual investors

Yorkville Spur · Sep 12, 2014

Ach. I've got to step away from this now. I've been waiting two weeks for a game and now I've let myself get sucked into discussions about investment companies and such when the reason I'm here in the first place is not to do work for the investment company that employs me.

LexingtonSpurs · Sep 12, 2014

I wonder if Levy will look to become an investor with Cain Hoy, and maintain his position with the club, in the event of an actual offer, or if he will simply cash out also.

Mullers · Sep 12, 2014

JUSTINSIGNAL said:
Arsenal were already way ahead of us before ENIC took control(They won the league during ENICs first season). If anything we have massively shortened the gap since they have been in control of the club. Recently only finishing 1-2 points on them with inferior resources. If you don't acknowledge that progression then you really are ignorant.

Levy knows what we have to do to put us on a more competitve footing with those above us and he making moves to achieve that. So I really don't know what all this whining is about. The clubs above us might improve but as long as we're competitve and stay in the top 6 we will be stronger in the long term. And that's what ENIC have to consider - the LONG TERM.

You're comment about improving the squad is pretty pointless. By the same token the clubs above us might spend their money on players who aren't worth the wages so it won't move them any further in ahead of us.

The whining is about winning one trophy and being in the CL once in 14 years and sacking coaches who have got us in the top 6.

We were 4th then 5th then 6th that's NOT progression, we've been overtaken by Everton.
I think Levy just throws a pile of shit at the wall and expect some of it to stick.
One moment he has a DOF ideology, next moment he abandons it for Redknapp instead of having faith in it, then it's a commitee with Sherwood on it interfering, then when he has opportunity to bring back a DOF he doesn't, then when he does bring one back he doesn't seem to have given him any power.

Col_M · Sep 12, 2014

I logged on and saw the "ISiS declare Caliphate and rebrand themselves IS" and thought the takeover discussion has turned nasty.

King of the Lane · Sep 12, 2014

I am too lazy to read 10+ pages so can someone please summarise Cain Hoy for me and if people think it would be a good or bad thing if they bought us?

JUSTINSIGNAL · Sep 12, 2014

Mullers said:
we've been overtaken by Everton.

They've finished above us once after we had a turbulent season. I would hardly say they've taken us over.

Although by your logic you probably thought we had over taken Chelsea when we finished above them a couple season back.

johnnyallen · Sep 12, 2014

dovahkiin said:
Greg Stobart ‏@gstobart 26s
Jonathan Goldstein is a massive Spurs fan FWIW. Season ticket holder in the east stand

Yiddo, Yiddo, Yiddo.

Fuck it I'm gonna say it. I want the fella running Spurs to be of the faith.

It's tradition.

Coyfs.

TheAmerican · Sep 12, 2014

LexingtonSpurs said:
I wonder if Levy will look to become an investor with Cain Hoy, and maintain his position with the club, in the event of an actual offer, or if he will simply cash out also.

My guess is that he'd cash out and spend time with his wife.

RuskyM · Sep 12, 2014

We're definitely up for sale & Cain Hoy are definitely interested. No smoke without fire and all that.

LexingtonSpurs · Sep 12, 2014

King of the Lane said:
I am too lazy to read 10+ pages so can someone please summarise Cain Hoy for me and if people think it would be a good or bad thing if they bought us?

Cain Hoy formed yesterday, backed by Guggenheim Capital - think many billions.

They issued a press release today stating interest in Spus, have until October 10 to make formal bid or withdraw interest. Spurs have publicly denied any ongoing discussions.

Guggenheim Partners, also backed by Guggenheim Capital, recently purchase American baseball team LA Dodgers, and began investing in making the team better. If this group makes an actual offer, they have the money to make it work, and if they take the same approach as with the Dodgers, this would be good for Spurs.

Plus, they might name the new Stadium - The Guggenheim - which would be a cool name for the stadium.

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