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Cain Hoy say 'No'.

weststandvoice

Yes we have no bananas
Jul 29, 2005
1,076
876
I seem to recall posting about three times yesterday that this story was a case of journalistic spin and excess. These things achieve critical mass too quickly nowadays and people post things like 'this seems to be getting momentum', when all that is really happening is that one cheapo journalist is paraphrasing another cheapo journalist's spin - the same story propagating itself to create the illusion of activity.

So what if Cain Hoy might be interested in putting in a cash offer for the club? I expect that goes for quite a few investors. And ENIC are talking to a lot of investors at present, so there are going to be a lot of people with a lot of money scrutinising THFC's and ENIC's accounts and business plans. Some of them are going to consider buying the whole package - as an option.

It's not a big deal unless ENIC are more interested in selling than they are in adding value and there is no inidication at present that they have any such inclinations. There is plenty of evidence of the opposite: ENIC's own statements and their past record of adding maximum value before disposing of their interest.

If we all go off the deep end on 2-3 frantic threads every time one of these capitalists takes a fancy to THFC, we won't have any space to discuss anything else.

As I keep saying, there is scarcely any story here, just a load of spin, followed by panic in various guises. It might be that there will be a story here, if Cain Hoy start to offer what I already described as 'silly money', but I doubt they would do that. Capitalists do not get rich by offering more than market value for an asset.


How do you explain away the Cain Hoy statement?
 

Dan Yeats

Well-Known Member
Jul 12, 2011
2,796
2,911
Magic is just a figurehead and doesn't really run the Dodgers. He's just an extremely popular guy in LA and it builds goodwill to have him front and center to represent the ownership group. I guess the equivalent in England is if they brought Mo Farah (is he as universally popular as I imagine he is?) into the group to be the public face, not someone just popular with Spurs fans but with sporting fans across the board.
Lovely guy, but, ummm.... you know he's a Scum fan, right?

Mo+Farah+JPF-WSUNyf1m.jpg
 

Dirty Ewok

Well-Known Member
Aug 29, 2012
8,970
19,390
I seem to recall posting about three times yesterday that this story was a case of journalistic spin and excess. These things achieve critical mass too quickly nowadays and people post things like 'this seems to be getting momentum', when all that is really happening is that one cheapo journalist is paraphrasing another cheapo journalist's spin - the same story propagating itself to create the illusion of activity.

So what if Cain Hoy might be interested in putting in a cash offer for the club? I expect that goes for quite a few investors. And ENIC are talking to a lot of investors at present, so there are going to be a lot of people with a lot of money scrutinising THFC's and ENIC's accounts and business plans. Some of them are going to consider buying the whole package - as an option.

It's not a big deal unless ENIC are more interested in selling than they are in adding value and there is no inidication at present that they have any such inclinations. There is plenty of evidence of the opposite: ENIC's own statements and their past record of adding maximum value before disposing of their interest.

If we all go off the deep end on 2-3 frantic threads every time one of these capitalists takes a fancy to THFC, we won't have any space to discuss anything else.

As I keep saying, there is scarcely any story here, just a load of spin, followed by panic in various guises. It might be that there will be a story here, if Cain Hoy start to offer what I already described as 'silly money', but I doubt they would do that. Capitalists do not get rich by offering more than market value for an asset.

The thing is....there is more than a rumour on this.

Cain Hoy have announced that they are making a bid for Spurs. Not interested in making a bid, not considering a bid....they announced it in accordance with UK law they are going to make a bid.

Now, Uncle Joe may not want to sell, he may hold out. It's his team, it's his right...he doesn't need to sell.

Thing is....these guys with Cain Hoy are fully capable of testing Uncle Joe and Levy's resolve. They have no shortage of cash. They proved with the purchase of the LA Dodgers they are willing to pay above market value (they paid £1.3 Billion for the team), they lost out in the bid (their bid was reportedly north of £1 Billion) for the LA Clippers in a process that was from the start above market value and i guarentee that they looked at a possible bid for the NFL's Buffalo Bills (a team that just sold for north of £750m). Professional sports teams are something they genuinely believe can be major wins in terms of investment.

They make these bids with these astronomical sums because while it may be above market value NOW they think it won't be above market value down the line. Spurs are no different than any of these other teams in their thinking. The PL is an attractive space for someone looking to buy a professional team, Spurs are attractive for an investor looking to buy a PL team.

There is more than just a few journos kicking around a story on this, there is an actual bid that will be made....Uncle Joe and Levy may not want to sell but these are the types of individuals and they are backed with the type of funds that can force Lewis/Levy to make a very difficult decision.

It could all go nowhere or it could all go sideways....but people are talking about it because it is much more than just a rumour being propagated by shit journos.
 

THFCSPURS19

The Speaker of the Transfer Rumours Forum
Jan 6, 2013
37,886
130,485
Cain Hoy have announced that they are making a bid for Spurs. Not interested in making a bid, not considering a bid....they announced it in accordance with UK law they are going to make a bid.
To be fair, they didn't say that at all, although I suspect they will make a bid.
 

Dirty Ewok

Well-Known Member
Aug 29, 2012
8,970
19,390
To be fair, they didn't say that at all, although I suspect they will make a bid.

They effectively did say it though....they had to announce their intention of making a bid in accordance with the Takeover and Mergers code. They now have until October 10 to make the formal offer. They wouldn't have made the announcement if they weren't going to make an offer. It is the reason that Spurs made their statement yesterday.

Now it could end up being nothing, but it shows that Cain Hoy are very serious about an offer.
 

THFCSPURS19

The Speaker of the Transfer Rumours Forum
Jan 6, 2013
37,886
130,485
They effectively did say it though....they had to announce their intention of making a bid in accordance with the Takeover and Mergers code. They now have until October 10 to make the formal offer. They wouldn't have made the announcement if they weren't going to make an offer. It is the reason that Spurs made their statement yesterday.

Now it could end up being nothing, but it shows that Cain Hoy are very serious about an offer.
I'm pretty sure there's some rule which means they have to announce if they are interested...
 

Dirty Ewok

Well-Known Member
Aug 29, 2012
8,970
19,390
I'm pretty sure there's some rule which means they have to announce if they are interested...

You do....it's section 4 or 5 of the Mergers and Takeover code (I am sure we have someone on here who knows about M&A who could give a rundown on all of it) i think.

Basically it says once you are at a point where you are getting ready to try and enter a bid in an attempt for a merger or aquisition you have to announce it to everyone under the sun.

So the thing becomes you don't just announce these things without there being some serious intent.

You and I could say...."you know what, we are rich as shit...let's buy Spurs" and not have to say anything. If you are making the announcement you are a bit further along the lines than just saying "let's buy Spurs", you are probably already well along the path to making a formal offer...this announcement is a formality.

It is fairly telling that they have made the announcement that they are looking to make a bid on Spurs, because it means Spurs specifically is the target not just a PL team. If you just wanted a PL team well....Randy Lerner is looking to sell Villa (publicly stated it if i am not mistaken) for far less that you would have to pay for Spurs, hell you could probably buy Villa for less than you would have to bid to get a response from Lewis and Levy for Spurs.
 

Rupstoh

Well-Known Member
Jul 29, 2006
3,649
456
Following from Davidmatzdorf:

These 'rumours', particularly from Joe Lewis are deep rooted following his recent interview.

Joe Lewis making a flippant comment of £1bn is a carrot -Cain Hoy accompanied with the power of Guggenheim are in this to take over Enic and Tottenham Hotspur Football Club and (in my opinion) kill the Archway problem and get the existing site developed as soon as possible.

The 'we are debt free' debate from everyone does not exist, hence Levy and Co going cap-in-hand for help with the redevelopment. This is not about Archway. This is about financial help as THFC has stated.

The next statement from both parties will be so predictable; Lewis v a huge global financial monster.

Watch this space.









=
 

Bus-Conductor

SC Supporter
Oct 19, 2004
39,837
50,713
So he didn't earn the right to be given more time? I'm sitting at home watching the Getafe game and I know and everyone watching knows that he's lost his job and he has to find out from a text his nephew sent him.
He deserved that?


I don't really know the truth about his sacking, but you would always hope it could be conducted with some dignity.

I would think the few million quid he received from spurs possibly softened the blow though.

Personally, I don't think he deserved more time, he'd had 3 and a half years and he was clearly not addressing deficiencies - and judging by his comments he didn't even know what they were. For me he was like a boring version of Redknapp, with no discernible ethos, method or style of play and we were frequently insipid and dire to watch.
 

Jody

SC Supporter
Sep 11, 2004
7,004
5,814
I don't really know the truth about his sacking, but you would always hope it could be conducted with some dignity.

I would think the few million quid he received from spurs possibly softened the blow though.

Personally, I don't think he deserved more time, he'd had 3 and a half years and he was clearly not addressing deficiencies - and judging by his comments he didn't even know what they were. For me he was like a boring version of Redknapp, with no discernible ethos, method or style of play and we were frequently insipid and dire to watch.

Haven't seen a better atmosphere at the lane since those days though. The giant was definitely awakening.
 

Bus-Conductor

SC Supporter
Oct 19, 2004
39,837
50,713
Haven't seen a better atmosphere at the lane since those days though. The giant was definitely awakening.

For me, the biggest loss was Arnesen. He started the revolution and Chelsea knew he was important. They basically only took him just to fuck us up.
 

weststandvoice

Yes we have no bananas
Jul 29, 2005
1,076
876
This thread is hard work for some, eh :woot:

12 September 2014

Tottenham Hotspur Limited

Statement Regarding Potential Offer

Cain Hoy Enterprises, LLC ("Cain Hoy") notes the recent speculation in relation to a potential approach to Tottenham Hotspur Limited ("Tottenham Hotspur").

Cain Hoy confirms that it is at the preliminary stages of assessing a cash offer for Tottenham Hotspur. Cain Hoy's considerations are at an early stage, and there can be no certainty that any offer will ultimately be made or at what price any offer might be made.

In accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers (the "Code"), Cain Hoy must, by not later than 5.00 p.m. on 10 October 2014, either announce a firm intention to make an offer for Tottenham Hotspur in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel (the "Panel") in accordance with Rule 2.6(c) of the Code.

This announcement has been made without the consent of Tottenham Hotspur.

A further announcement will be made in due course.

Media Enquiries:

Redleaf PolhillEmma Kane +44 (0)20 7382 4747

+44 (0) 7876 338339

[email protected]


This company looks to have been essentially set up to buy Spurs. No, nobody can prove that, yes it may not happen, but that is the obviious intention. Look at the facts, the stuff that cannot be disputed.

And still the Matzdorf's of world are larging it about us all being sheep whipped into a dumbfest by lazy journos. Why in the name of god would they bother releasing this statement if there was no interest in making - and I quote - a cash offer?

:dead:
 

Colonel Dax

Well-Known Member
Jul 24, 2008
2,946
12,289
We're going round and round with ENIC.

Decent job but time to hand over to bigger boys.

Agreed. IMO ENIC have taken us as far as they can. Suspending serious investment in the team until the stadium is built in 2018 is a dangerous strategy. We could possibly fall further behind our (former) rivals by then. If a committed buyer can come in and pay for the stadium without sacrificing investment in the team, I will gladly welcome them.
 
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Rupstoh

Well-Known Member
Jul 29, 2006
3,649
456
The cash for the Stadium must be the main priority, not some sheet metal worker that is digging his heels in, hence the Rothschild and Cain Hoy links.

Why are we seeking financial help if we are cash rich with no debts?

Lewis and Levy should take a massive amount of applause, let the big boys come in, and get the job done.

This was going to happen anyway, just a matter of time.

Thank you Mr Lewis and Mr Levy. Time to sell and watch from the armchair like Alan Sugar.
 
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