Cain Hoy say 'No'.

mrlilywhite · Sep 13, 2014

dovahkiin said:
atlanta and edmonton would be my guess, ill keep my eyes on them...and ali z.....

oh and noodles, he hinted something about 2-3 weeks back...coincidence?

"noodles:
Could
Posted: 26 Aug 2014 at 10:18am
our lack of transfer activity mean we are about to get new owners ..
American ... ?
anyone touting this out there ?"

I remember that bit of whoring you done on that ITK, but alas, with my head firmly in the transfer window cloud, I gave it very little thought...But NOW, now it is like transfer window all over again.....Carry on whoring Dovakhin, we need more news.

Dirty Ewok · Sep 13, 2014

mrlilywhite said:
Good shout Dirty! I wondered why Cain Hoy stables kept coming up whilst searching for references to them!

Yup....clever word play by the rich guys.

Plebs like you and I go:

"What the hell is a Cain Hoy?"

"I don't know probably named after their dog or yacht or some shit, who cares these fuckers are RICH."

Meanwhile they are linking themselves to Guggenheim without actually using the Guggenheim name.

Guarantee that if they end up buying up a club that somewhere in the HQ of Cain Hoy (which will be the club offices) there will be some grainy black and white photo of Harry Guggenheim standing in front of a horse pen at Cain Hoy stables in the lobby or the Chairman's office.

SpursDave88 · Sep 13, 2014

mrlilywhite said:
Where has it been stated that they will bid?

“Cain Hoy confirms that it is at the preliminary stages of assessing a cash offer for Tottenham Hotspur. There can be no certainty that any offer will ultimately be made or at what price any offer might be made."

If you worked in finance you would know that this is standard language on a press release before one company makes a bid for another in the UK.

I reference Carillion for Balfour Beatty from last month:

Statement by the Board of Balfour Beatty plc
19 August, 2014

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO UNDERTAKE ANY TRANSACTION UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND THERE CAN BE NO CERTAINTY THAT ANY TRANSACTION WILL PROCEED NOR AS TO THE TERMS OF ANY TRANSACTION

The Board of Balfour Beatty notes the announcement made by the Board of Carillion this afternoon.

The Board of Balfour Beatty will consider this announcement by Carillion and will make a further announcement in due course.

There can be no certainty that an offer will be made by Carillion for Balfour Beatty nor as to the terms of any such offer.

This announcement is not being made with the consent of Carillion.

Of course they made about three offers in the end...

JerryGarcia · Sep 13, 2014

arunspurs said:
Even if it is a media stunt from Cain Hoy, reality is we would definitely benefit from such media stunt. I mean, we need stadium investment and stadium naming rights - such talks in press will only increase the profile of the club. So, even if deal doesn't materialise, I guess it could help us

I'd say it would help us a lot more than it would help them. There are probably American business folk who would piss themselves laughing at the notion that these guys would use Spurs to raise their profile

StartingPrice · Sep 13, 2014

radkovic said:
Do we already know if this Jonathan Goldstein chap is a member of BSoDL?

I think he is Mullers, showing us all how it's done...in which case, he most definitely ain't

JerryGarcia · Sep 13, 2014

THOWIG said:
Are they republicans or democrats?

Didn't they fund George Bush's stay in the White House? Or am I thinking of the wrong evil owl worshipping satanist cult?

THFCSPURS19 · Sep 13, 2014

SpursDave88 said:
If you worked in finance you would know that this is standard language on a press release before one company makes a bid for another in the UK.

I reference Carillion for Balfour Beatty from last month:

Statement by the Board of Balfour Beatty plc
19 August, 2014

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO UNDERTAKE ANY TRANSACTION UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND THERE CAN BE NO CERTAINTY THAT ANY TRANSACTION WILL PROCEED NOR AS TO THE TERMS OF ANY TRANSACTION

The Board of Balfour Beatty notes the announcement made by the Board of Carillion this afternoon.

The Board of Balfour Beatty will consider this announcement by Carillion and will make a further announcement in due course.

There can be no certainty that an offer will be made by Carillion for Balfour Beatty nor as to the terms of any such offer.

This announcement is not being made with the consent of Carillion.

Of course they made about three offers in the end...

And eventually the deal didn't happen.

Scott Spur · Sep 13, 2014

Ali Z confirmed yesterday on COYS that ENIC want £500M, excluding the stadium investment. Nothing new but backs up perception there is a willingness to do a deal.

THFCSPURS19 · Sep 13, 2014

Dirty Ewok said:
Nope, Silverman was at Apollo Global Management (a firm that holds $150 Billion in investment capital) until 2012 as their Director. He then signed on with Guggenheim as a Vice Chair of Asset Management.

My thought about the downplaying of Guggenheim is because while Guggenheim is an investor (the press release about Cain Hoy forming yesterday seems to confirm this) they are not the only investor.

I think what you are seeing is that Guggenheim will be invested along with others but they are going out of their way to downplay the connection so that it isn't "Guggenheim Capital" purchases Spurs as that effectively means we would be bought by a private bank.

By separating out from Guggenheim but still having Guggenheim as an investor you get a few things...first off, risk management for Guggenheim as liability would fall onto Cain Hoy. But also...you get to humanize the potential sale to the supporters....it's not a bank that wants to buy the club its 3 people one of whom, Jonathon Goldstein, is a season ticket holder at WHL in the east stand....They are human not a big faceless financial institution. Plays better to the unwashed masses.

The actual name Cain Hoy is fairly interesting.....Cain Hoy was the name of Harry Guggenheim's timber plantation and more interestingly thoroughbred horse stable (Cain Hoy Stables) which were ridiculously successful and made the Guggenheim's a shit tonne of cash. By taking the name "Cain Hoy" these guys are keeping the connection to Guggenheim and referencing the Guggenheim's family investment in Sport. Seems a bit familiar.

You know waaaaaaaayyyyy more than me

Thanks

iluvsteffenfreund · Sep 13, 2014

What's the general feeling on here ? Do we want this to happen ? I'm getting a bit excited that we may be a force if these chaps come in! Am I getting a bit ahead of myself

mrlilywhite · Sep 13, 2014

I have to be honest, I don't know if I should be getting excited at the potential prospect of Cain and Hoy, or worried that ENIC are set to sell up. Unlike many others, I would still like to see Daniel Levy running the club, sure he has not given us any tangible success, but he runs this club financially, extremely well, and in my opinion one of the main reasons we are attracting interest from the likes of Cain and Hoy.

dovahkiin · Sep 13, 2014

mrlilywhite said:
I remember that bit of whoring you done on that ITK, but alas, with my head firmly in the transfer window cloud, I gave it very little thought...But NOW, now it is like transfer window all over again.....Carry on whoring Dovakhin, we need more news.

your memory is better than mine!

yankspurs · Sep 13, 2014

mrlilywhite said:
I have to be honest, I don't know if I should be getting excited at the potential prospect of Cain and Hoy, or worried that ENIC are set to sell up. Unlike many others, I would still like to see Daniel Levy running the club, sure he has not given us any tangible success, but he runs this club financially, extremely well, and in my opinion one of the main reasons we are attracting interest from the likes of Cain and Hoy.

I think Levy staying on depends on Goldstein's opinion of him. If Goldstein think he's done a good job running the club, he'll probably want Levy to stay on.

mrlilywhite · Sep 13, 2014

dovahkiin said:
your memory is better than mine!

Haha so used to your whoring dov, I was sure it was you!? If not then there is clearly an imposter stealing your glory..

Dirty Ewok · Sep 13, 2014

yankspurs said:
I think Levy staying on depends on Goldstein's opinion of him. If Goldstein think he's done a good job running the club, he'll probably want Levy to stay on.

Also would depend on what the actual sale is....

Buying out Uncle Joe would give them the majority share. Uncle Joe is 77 years old and rarely leaves his yacht in the Bahamas any more. If Uncle Joe wanted to avoid the headaches surrounding building a stadium in London he may be wiling to sell his stake. This would leave Levy with a minority share and provide Cain Hoy with someone who is already up to speed on how the club and league run. It would also be slightly cheaper.

If they want to do a full buyout then it would probably be down to a case of does Levy want to stay and does Cain Hoy (after dropping an eye watering amount of cash) want someone who wasn't their choice in charge of the operation.

JerryGarcia · Sep 13, 2014

mrlilywhite said:
I have to be honest, I don't know if I should be getting excited at the potential prospect of Cain and Hoy, or worried that ENIC are set to sell up. Unlike many others, I would still like to see Daniel Levy running the club, sure he has not given us any tangible success, but he runs this club financially, extremely well, and in my opinion one of the main reasons we are attracting interest from the likes of Cain and Hoy.

I'd hope Levy would stay on in one role or another (no @Mullers, I don't mean give him the Chirpy costume) but I doubt they'd let him have as much control as he seems to have now. I assume Lewis trusts Levy to work on his behalf more than a new investor would anyway. It's not my area of expertise though and we still don't really have any idea what's really going on.

nightgoat · Sep 13, 2014

Mullers said:
They were 5th, we were 6th. So they over took us.

But now we're 6th and they're 17th, so we've re-overtaken them. What's the problem?

#Mullerslogic

Bobbins · Sep 13, 2014

nightgoat said:
But now we're 6th and they're 17th, so we've re-overtaken them. What's the problem?

#Mullerslogic

That's gold :ROFLMAO:

Ledleys Knee · Sep 13, 2014

I hope ENIC stand firm.

I don't want to be asset stripped like happens in 98% of these cases.

davidmatzdorf · Sep 13, 2014

Bus-Conductor said:
Do any of our financial whizzes think it's possible that ENIC may be looking to offload not all, but maybe a substantial share in order to help finance the Stadium development ?

I don't know about 'substantial', but that's what an 'equity investor' is, as I referred to in 2 previous posts. They pitch in cash in exchange for a percentage of the ownership of the development, or, if the development is going to be sold, the sales proceeds.

Based on my rather limited previous experience with these deals, I'd say that it's more likely that the equity investor would take a percentage of ownership of the stadium, not THFC itself.

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