What's new

Tottenham Takeover Talk

Would you welcome a 25% ownership stake for Qatar Sports Investments (QSI)?

  • Yes

    Votes: 655 65.2%
  • No

    Votes: 350 34.8%

  • Total voters
    1,005
  • Poll closed .

Albertbarich

Well-Known Member
Jul 4, 2020
5,210
19,762
I find the concession argument a bit of a red herring.

Nobody currently going to spurs is going to only have a state pension let's be honest. My old man is on a state pension and I'll likely be one and I can tell you neither of us could afford or have afforded a premier league ticket more than once a season.

The issue I guess is it's something that's always happened and they're taking it away. But let's be honest this isn't the club/business/industry it was when these things were introduced and needed.

It isn't for working class people. Even the TV is too much if you're working class and it isn't a Tottenham issue although we're one of the worst offenders.

Greed and corruption runs through football and now at the risk of upsetting a previous poster it is like going to the theatre. It's a tourist trap and the long time fans who start the songs and know the history are part of the show for the TV audience. You could say through the foundation spurs are still a community based club but whilst I haven't lived in Tottenham for many years I can tell you that back then the locals didn't really care about the club and I can't imagine with all the changes it has brought it closer to the community. It's now just a big spaceship on the high road surrounded by poverty , mixed in with some attempts at gentrification. And yes I know it brings money in but those people working in shops and as stewards aren't making the money needed to get a ticket are they.

But long-winded but I guess I feel these protests and arguments are pointless.. the game has been stolen from those who loved it when it wasn't fashionable and is now the property of billionaires who want their money back and the glory that comes with it and this ticket prices and concessions will only come back once the popularity nosedives and that's no happening anytime soon.
 

Saoirse

Well-Known Member
Aug 20, 2013
6,165
15,644
Discounts for pensioners made perfect sense when being an older supporter was strongly correlated with a) long-term loyalty, and b) lower incomes. But neither of those things are true any more. The number of senior concession season tickets going up over 4 times since we moved stadium, implies that at most around 30% of those getting the discount even had an ST at White Hart Lane, let alone the "decades of loyalty" commonly referred to. And the average pensioner household is now better off than the average working age household - £1,000 a year more disposable income - and way better off than families with children - £4,000 a year more disposable income. So we're not, by and large, talking about people who've been going since they were kids in the 70s, worked hard to pay for their tickets their whole working life, and now couldn't otherwise afford to keep going on their pension. We're talking mostly about people who maybe didn't have the time to commit to Spurs during their careers, now find themselves with a lot more time in retirement, and who have workplace pensions and zero remaining housing costs. Of course there are still poorer pensioners out there, but that isn't the story of the demographic any more. If you were looking at discounts to make football more accessible to groups that otherwise couldn't afford it, you'd be looking at giving money off to families with at least three kids, and to people under 35 who're mostly either trying to save for their first deposit or simply to keep afloat with ludicrous London rents.
 

Archibald&Crooks

Aegina Expat
Admin
Feb 1, 2005
55,617
205,290
I disagree.

Why should somebody get a discount simply because of their age? They are utilising the same services etc.

As the club pointed out - the % of ‘senior citizens’ with concession tickets has risen 4 fold in the 5 years we’ve been in the new stadium.

It either becomes a burden on the club, or - a cost to the rest of the fanbase to fund any concessions.

People get old, retire - and adjust their lifestyle to match their budget.

Going to the football is a luxury, not a need.
haha, this really is just sourness on tap.

Presumably you feel the same way about Bus Passes, restaurants doing an OAP special, discounts on a TV licence, winter fuel payments, free eye tests and a whole heap of other concessions.

After all, why should they get a discount simply because of their age? I guess they should adjust their lifestyle to suit their budget.

I bet you're proper in demand at Christmas eBENeezer :D
 

Archibald&Crooks

Aegina Expat
Admin
Feb 1, 2005
55,617
205,290
What's all the chat about OAP concessions got to go with Tottenham Takeover Talk :whistle:
Because some people are just mean spirited and miserable. Right now it's horseshit about demographics or whatnot but the reality is, if you apply that to one thing, it's the beginning of doing it for everything else.
 

SirHarryHotspur

Well-Known Member
Aug 9, 2017
5,173
7,721
Would any takeover or new investment result in reduced ticket prices or concession discounts being reversed, highly unlikely , Levy/ENIC might be looking for new equity but Levy is here for the foreseeable.
 

MR_BEN

Well-Known Member
Aug 5, 2005
3,153
1,549
haha, this really is just sourness on tap.

Presumably you feel the same way about Bus Passes, restaurants doing an OAP special, discounts on a TV licence, winter fuel payments, free eye tests and a whole heap of other concessions.

After all, why should they get a discount simply because of their age? I guess they should adjust their lifestyle to suit their budget.

I bet you're proper in demand at Christmas eBENeezer :D

There is a bit of a bloody difference between government concessions (benefits) to pensioners, most of whom have been tax payers and paid for those discounts for years in advance - and a private company giving a discount to an in demand event.

I have no concerns with government handouts. In fact - I cannot bloody wait to claim a winter fuel payment myself one day whilst living in the sun 🌞 on the other side of the planet.

At the end of the day - for 99% of the old folk getting a concession, they can probably well afford to pay full price. For those that can’t - well, they’ve saved themselves the best part of a grand, and don’t have to stand out in the cold every weekend.

Levy’s doing them a favour 😁
 

Saoirse

Well-Known Member
Aug 20, 2013
6,165
15,644
haha, this really is just sourness on tap.

Presumably you feel the same way about Bus Passes, restaurants doing an OAP special, discounts on a TV licence, winter fuel payments, free eye tests and a whole heap of other concessions.

After all, why should they get a discount simply because of their age? I guess they should adjust their lifestyle to suit their budget.

I bet you're proper in demand at Christmas eBENeezer :D
Unironically yes. A lot of these things are just outdated. Some make at least some sense - bus passes help with loss of mobility and discourage people from continuing to drive when they can't do so safely any more, fuel allowances are justified since it's more dangerous for their homes to be cold. But the general attitude of things being cheaper for older people is a relic of a time when older people were near-universally fairly poor, rather than one where they're on average better off than the rest of us.
 

mil1lion

This is the place to be
May 7, 2004
42,532
78,139
I do have to agree there are public services and then there are entertainment events. Although for sure when I retire it would be nice to go to games with all the spare time I have but ultimately as a Monday to Friday worker I still go to weekend games now. I'm not sure it will be much different maybe aside from week nights but I may not fancy that when I'm older anyway. So I'm ok paying the same cost at 66 as 65 but if I was a ST holder for many years I would however expect a discount for my loyalty. I don't think being old is justification for lower prices on things like football tickets. If it's given out then it's a bonus. Like the club would be praised for doing it and then criticised for stopping. Yet if they never offered it to begin with it wouldn't even be mentioned other than maybe "should the club offer discounts for over 65s?". I think it should more be "should the club increase season tickets for those renewing season tickets after x amount of renewals". Loyalty over age really. Are you old? Did you attend under Christian Gross? If yes to both here's your discount you earned it.
 

Saoirse

Well-Known Member
Aug 20, 2013
6,165
15,644
I'm also not going to apologise for being 'bitter' about this. I've grown up in a world where house prices in London are 15x wages, instead of less than 4x when my parent's generation were buying. Where jobs that used to be attainable to school leavers now require not just A-Levels but degrees, meaning five years of lost earning potential and debt just to get a foot in the door. Where if you can't get a job at all the benefits system literally pays out less because you're under 35, as if we magically have lower expenses than older people. Where the country has now been economically stagnant for 16 years, inflation outpaces wage growth year after year, and shite politicians who next to none of us voted for keep letting things get worse while they fan the flames of a culture war nobody in their right minds actually gives a fuck about. Just to top it off, the older generation then successfully voted to make it much harder for us to even leave this country and go somewhere that's less of a basket case. And then, as the cherry on the icing on the cake, we see ten times as much fuss over the older generation losing a concession on something so few of us could afford to begin with, than we see over anything that affects us. Of course we're bitter, and you would be too.
 

McFlash

In the corner, eating crayons.
Oct 19, 2005
12,919
46,199
haha, this really is just sourness on tap.

Presumably you feel the same way about Bus Passes, restaurants doing an OAP special, discounts on a TV licence, winter fuel payments, free eye tests and a whole heap of other concessions.

After all, why should they get a discount simply because of their age? I guess they should adjust their lifestyle to suit their budget.

I bet you're proper in demand at Christmas eBENeezer :D
Spoken like a true pensioner. 😁
 

McFlash

In the corner, eating crayons.
Oct 19, 2005
12,919
46,199
haha, this really is just sourness on tap.

Presumably you feel the same way about Bus Passes, restaurants doing an OAP special, discounts on a TV licence, winter fuel payments, free eye tests and a whole heap of other concessions.

After all, why should they get a discount simply because of their age? I guess they should adjust their lifestyle to suit their budget.

I bet you're proper in demand at Christmas eBENeezer :D
I mean, you must surely see that things like transport, health, food and warmth are more important than going to watch the footie?
And that's not even going into who funds those things.

Such a pointless argument.
 

BehindEnemyLines

Twisting a Melon with the Rev. Black Grape
Apr 13, 2006
4,645
13,414
My query is what would a minority shareholder gain from investing in us?

For example, if an oil tycoon comes in and purchases 25% of ENIC’s shares. Aside from throwing some money towards new players and helping the team challenge, what way would they benefit?

I can only assume that a 25% stake would cost a hell of a lot (going by reported valuations of the club) and would the investment include the property portfolio that ENIC own too?

My guess is that potential investors would be from companies seeking naming rights and marketing benefits.

Given that we have now got a world class stadium, training ground and revenue coming in from various other channels, how would a potential investor actually make money from their purchase and likely investment in players?
A lot depends on how they structure any investment.

Simplified:

If they are looking to increase Capital then it would probably not be ordinary shares - purely selling existing shares does not increase capital and the issue of new ordinary shares would dilute ownership as well as reduce the individual share value (dependent on how they are valued, and it would appear that market share capitalisation for Tottenham is substantially lower than Levy values the business).

It is far more likely that they would issue preference shares (generally - Cumulative preference shares, Noncumulative preference shares, Convertible preference shares, Participatory preference shares, or Redeemable preference shares). Preference shares tend to be more secure as an investment and have conditions applicable, but don't provide the investor with any power or voting rights, so they often appeal to silent partners or corporates that want a good but safe return on their money.
 

felmani26

SC Supporter
Jan 1, 2008
24,584
43,505
Any chance of keeping this on the topic of a 'Takeover Talk' please and having a separate thread for ticket prices/OAP concessions?
 

Westmorlandspur

Well-Known Member
Feb 1, 2013
2,870
4,737
American owners and that’s why Anfield is like a library most of the time now just like all Premier League grounds

Most legacy supporters that made noise have either been priced out, become fed up with the sterile nature of the game these days - or both!
You could pick them out in the Anfield crowd last night. Sitting in bottom part of main stand. All with brand spanking new scarves. Lovely.
 

felmani26

SC Supporter
Jan 1, 2008
24,584
43,505
A lot depends on how they structure any investment.

Simplified:

If they are looking to increase Capital then it would probably not be ordinary shares - purely selling existing shares does not increase capital and the issue of new ordinary shares would dilute ownership as well as reduce the individual share value (dependent on how they are valued, and it would appear that market share capitalisation for Tottenham is substantially lower than Levy values the business).

It is far more likely that they would issue preference shares (generally - Cumulative preference shares, Noncumulative preference shares, Convertible preference shares, Participatory preference shares, or Redeemable preference shares). Preference shares tend to be more secure as an investment and have conditions applicable, but don't provide the investor with any power or voting rights, so they often appeal to silent partners or corporates that want a good but safe return on their money.
Did they not already do this with a Sub Division of shares back in December 2022?

This was seen at the time as a precursor to potential investment.
 
Top