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Lemon

End World Debt
Jul 17, 2014
2,436
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This is an important point. As I recently posted on another thread, it wasn't so long ago that many here were doubtful that we could fill a 50k stadium. Now we've shown that we can reliably attract 80k for major fixtures and 60k routinely.

Although I'm sure that Levy & his team did a great deal of market research on the potential ST base before embarking on the NDP (that's what he introduction of the Bronze membership was all about), it's one thing to have private research and another thing to be able to show proof to the market.

Equally important, though relatively unnoticed here, have been the international outreach work and strategic partnerships, to build Spurs' fanbase abroad as our participation in major international competitions has become an annual event, instead of an occasional fillip. It's a hell of a lot easier to shift merch in China when we're on television every few Wednesday evenings.

What's your job David, if not rude to ask?
 

davidmatzdorf

Front Page Gadfly
Jun 7, 2004
18,106
45,030
What's your job David, if not rude to ask?

I wish I could still say "musician", but it's been a long time since I earned a living from that. Well ... ever.

Affordable housing, especially development, planning, borrowing strategies, financial appraisals, sustainable building, long term maintenance plans, property ownership disputes ... the lot, really. I fix multi-disciplinary problems for housing associations and work with property developers when they have to provide affordable housing.
 

midspur

Well-Known Member
Jan 28, 2005
1,056
1,054
I wish I could still say "musician", but it's been a long time since I earned a living from that. Well ... ever.

Affordable housing, especially development, planning, borrowing strategies, financial appraisals, sustainable building, long term maintenance plans, property ownership disputes ... the lot, really. I fix multi-disciplinary problems for housing associations and work with property developers when they have to provide affordable housing.
Sorry to quiz, but did you feature on one of Monty Dons episodes?
 

Lemon

End World Debt
Jul 17, 2014
2,436
4,664
I wish I could still say "musician", but it's been a long time since I earned a living from that. Well ... ever.

Affordable housing, especially development, planning, borrowing strategies, financial appraisals, sustainable building, long term maintenance plans, property ownership disputes ... the lot, really. I fix multi-disciplinary problems for housing associations and work with property developers when they have to provide affordable housing.

Interesting, I'm in a very acrimonious tribunal process with one of the UK's biggest HA's.
 
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davidmatzdorf

Front Page Gadfly
Jun 7, 2004
18,106
45,030
Thanks, I wasn’t certain if it was you. It looks fantastic.

Thanks. There are hundreds of photos of the garden and green roof here, all sorted into annual albums, along with other albums of photos of other exotic gardens in England,Scotland, Ireland and Wales.

Better not hijack the thread...
 

Westmorland

Active Member
May 21, 2014
290
449
Joe Lewis is now 81yrs old. What happens if he falls seriously ill or falls off his yacht. Do we think they will sell his majority share and keep Daniel running the show. Would one of his family take over never heard any of them mentioned . I believe he has a daughter.
 

Lilbaz

Just call me Baz
Apr 1, 2005
41,363
74,893
Joe Lewis is now 81yrs old. What happens if he falls seriously ill or falls off his yacht. Do we think they will sell his majority share and keep Daniel running the show. Would one of his family take over never heard any of them mentioned . I believe he has a daughter.

His daughter goes to a few games and is meant to be a supporter.
 

spursfan77

Well-Known Member
Aug 13, 2005
46,680
104,956
At the end of the day if a big enough offer comes in enic will sell. Levy has said that from day one.

Whether a big enough offer comes in is a totally different question that none of us knows the answer to.

He has also more recently said they aren't looking to sell but are looking for additional investment.
 

spursfan77

Well-Known Member
Aug 13, 2005
46,680
104,956
His daughter goes to a few games and is meant to be a supporter.

She runs things with Levy now. A mate of mine was in a meeting with the both of them when the club toured Australia a couple of years ago. Its also how I know my post directly above is correct!
 

Led's Zeppelin

Can't Re Member
May 28, 2013
7,333
20,178
I don't think ENIC will sell for quite a while yet.

My semi-educated guesses:

They have a lot of (justified) confidence in this stadium project, they've devoted themselves to it entirely for years now and it's still far from realising its potential .. They will believe that they know better than anyone just how much it's going to be worth in the future. So whatever offer they may get, they are likely to believe it's an undervaluation since, in ENIC's eyes, no one else is will know better than they do how to get the most out of it. So the more they are offered, the more they'll believe it's actually worth.

I certainly believe it would be foolish of them to sell before they've shown the world what they can squeeze from every possible source, which is why ticket prices were never going to be less than top price.

There are big rights deals and sponsorships to come. NFL arrangements to be developed, other events and event organisers to be pulled in, tons of merchandising and related deals to be organised... I can't see them selling unless a truly ridiculous offer comes along, and they are too professional and switched on to spend their time hunting for stupid and premature deals.

But to maximise value they will need even more investment and they will need to share the risk while retaining control, so they'll ideally be looking for investors who are not only able to provide cash (or underwrite risk) but preferably to provide access to markets too. Again, the global potential is vast.

Things are going to change a lot at Spurs. There's no way they will have put over £800m of anyone's money into this just to turn around and sell it before the really big money is coming in.
 
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whitestreak

SC Supporter
Dec 8, 2006
820
3,406
I don't think ENIC will sell for quite a while yet.

My semi-educated guesses:

They have a lot of (justified) confidence in this stadium project, they've devoted themselves to it entirely for years now and it's still far from realising its potential .. They will believe that they know better than anyone just how much it's going to be worth in the future. So whatever offer they may get, they are likely to believe it's an undervaluation since, in ENIC's eyes, no one else is will know better than they do how to get the most out of it. So the more they are offered, the more they'll believe it's actually worth.

I certainly believe it would be foolish of them to sell before they've shown the world what they can squeeze from every possible source, which is why ticket prices were never going to be less than top price.

There are big rights deals and sponsorships to come. NFL arrangements to be developed, other events and event organisers to be pulled in, tons of merchandising and related deals to be organised... I can't see them selling unless a truly ridiculous offer comes along, and they are too professional and switched on to spend their time hunting for stupid and premature deals.

But to maximise value they will need even more investment and they will need to share the risk while retaining control, so they'll ideally be looking for investors who are not only able to provide cash (or underwrite risk) but preferably to provide access to markets too. Again, the global potential is vast.

Things are going to change a lot at Spurs. There's no way they will have put over £800m of anyone's money into this just to turn around and sell it before the really big money is coming in.

Fantastic post I agree entirely! I would not be surprised to see an ENIC involvement continuing at Tottenham for the next 5-10 years at least.
They are going to take us into the stratosphere as a football club and a business.
If they are able to turn NWHL into a successful NFL franchise, with a London based team then, that value will basically more or less double!
Which means that in theory we could become part of the world largest Sports companies, with a SUSTAINABLE model.

I just found a recent discussion of (Balague and Bellamy talking about Poch), and his ethos and why he isn't going anywhere soon (i missed it first time)
Levy leads from the front off the Pitch and Poch does on it
Guys we are in for a fantastic ride, the philosphy of excellence runs all the way through this club now
Check this out for me explains everything

 
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slartibartfast

Grunge baby forever
Oct 21, 2012
18,320
33,955
They have a lot of (justified) confidence in this stadium project, they've devoted themselves to it entirely for years now and it's still far from realising its potential .. They will believe that they know better than anyone just how much it's going to be worth in the future. So whatever offer they may get, they are likely to believe it's an undervaluation since, in ENIC's eyes, no one else is will know better than they do how to get the most out of it. So the more they are offered, the more they'll believe it's actually worth.

I certainly believe it would be foolish of them to sell before they've shown the world what they can squeeze from every possible source, which is why ticket prices were never going to be less than top price.

There are big rights deals and sponsorships to come. NFL arrangements to be developed, other events and event organisers to be pulled in, tons of merchandising and related deals to be organised... I can't see them selling unless a truly ridiculous offer comes along, and they are too professional and switched on to spend their time hunting for stupid and premature deals.

But to maximise value they will need even more investment and they will need to share the risk while retaining control, so they'll ideally be looking for investors who are not only able to provide cash (or underwrite risk) but preferably to provide access to markets too. Again, the global potential is vast.

Things are going to change a lot at Spurs. There's no way they will have put over £800m of anyone's money into this just to turn around and sell it before the really big money is coming in.
As per every valuation ENIC have ever received :ROFLMAO:

Only joking peeps ;)
 

Lilbaz

Just call me Baz
Apr 1, 2005
41,363
74,893
I don't think ENIC will sell for quite a while yet.

My semi-educated guesses:

They have a lot of (justified) confidence in this stadium project, they've devoted themselves to it entirely for years now and it's still far from realising its potential .. They will believe that they know better than anyone just how much it's going to be worth in the future. So whatever offer they may get, they are likely to believe it's an undervaluation since, in ENIC's eyes, no one else is will know better than they do how to get the most out of it. So the more they are offered, the more they'll believe it's actually worth.

I certainly believe it would be foolish of them to sell before they've shown the world what they can squeeze from every possible source, which is why ticket prices were never going to be less than top price.

There are big rights deals and sponsorships to come. NFL arrangements to be developed, other events and event organisers to be pulled in, tons of merchandising and related deals to be organised... I can't see them selling unless a truly ridiculous offer comes along, and they are too professional and switched on to spend their time hunting for stupid and premature deals.

But to maximise value they will need even more investment and they will need to share the risk while retaining control, so they'll ideally be looking for investors who are not only able to provide cash (or underwrite risk) but preferably to provide access to markets too. Again, the global potential is vast.

Things are going to change a lot at Spurs. There's no way they will have put over £800m of anyone's money into this just to turn around and sell it before the really big money is coming in.

As said we've always been for sale but it's unlikely that anyone sees the same potential in us as levy.
He has gone long term in his plans.
Rather than investing in players he has invested in infrastucture.
Hard for fans, especially with city and chelsea jumping in.

Hopefully it pays off.
 

SpursSince1980

Well-Known Member
Jan 23, 2011
4,731
14,439
I don't think ENIC will sell for quite a while yet.

My semi-educated guesses:

They have a lot of (justified) confidence in this stadium project, they've devoted themselves to it entirely for years now and it's still far from realising its potential .. They will believe that they know better than anyone just how much it's going to be worth in the future. So whatever offer they may get, they are likely to believe it's an undervaluation since, in ENIC's eyes, no one else is will know better than they do how to get the most out of it. So the more they are offered, the more they'll believe it's actually worth.

I certainly believe it would be foolish of them to sell before they've shown the world what they can squeeze from every possible source, which is why ticket prices were never going to be less than top price.

There are big rights deals and sponsorships to come. NFL arrangements to be developed, other events and event organisers to be pulled in, tons of merchandising and related deals to be organised... I can't see them selling unless a truly ridiculous offer comes along, and they are too professional and switched on to spend their time hunting for stupid and premature deals.

But to maximise value they will need even more investment and they will need to share the risk while retaining control, so they'll ideally be looking for investors who are not only able to provide cash (or underwrite risk) but preferably to provide access to markets too. Again, the global potential is vast.

Things are going to change a lot at Spurs. There's no way they will have put over £800m of anyone's money into this just to turn around and sell it before the really big money is coming in.
Yes, quite.
ENIC won't sell for pragmatic financial reasons. Right now, they have projected/forecasted costs, and profit margin related to opex. What they will need is one or two years to understand actuals, as a variant to budgeted forecast. That will establish a baseline, from which they can more accurately assess future growth and profit. Likewise, buyers would probably hold off at this point, until they feel growth is more accurate and predictable. That will ultimately determine the current and future value of the business.
Of course, this could all fall flat on it's face, should some gazillionaire... such as Mark Zuckerberg come along and say... 'How does $2.5 BN dollars sound?'.
 
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