Cain Hoy say 'No'.

[Metalhead]

Thing is.....you can say it was a PR stunt to get more name recognition, except it doesn't make a ton of sense as a PR stunt.

Yes they are "some company who no ones ever heard of" as you said, but how many people had really heard of Guggenheim Capital? What about Apollo Global Management? Cannacord Genuity? Moelis & Co.? Nomura Holdings? Piper Jaffray .....What about three some of the larger groups out there like The Blackstone Group, Centerview Partners, Evercore, Houilhan Lokey or Perella Weinberg?

There are thousands of investment houses around the world, there are probably a hundred (or more) that handle similar (or higher) investment capital as Guggeheim. You will notice very few of them advertise to the general masses, they do this because it isn't part of their business strategy. They don't want to be known by the people with £10,000 to invest, they want to be known by people who have £10,000,000+ to invest. In short (and a huge generalization) they don't want to deal with peasants, they want to deal with aristocrats.

A bid on a football team raises their profile to the wrong people and it is in all honesty a much more convoluted method of getting their name known then they would need to employ.

Todd Boehly is one of the people involved with Cain Hoy, he is also the President of Guggenheim and is a part owner of the L.A. Dodgers....if he wanted the general public to know he was striking out on his own it would be far easier for him to go to a Dodgers game and "allow" himself to be pulled into a interview with the commentators during the game and mention he was striking out on his own....he is a big enough name in finance that the clip would be picked up on and played over and over again, Bloomberg would cover it, the WSJ and Forbes would have a blurb and he would be asked to be interviewed on the likes of CNBC, Fox, Sky or Bloomberg and all of these would be a much more targeted approach to getting their name out to the people that they actually want to work with than a failed bid for a football team.

These guys were almost assuredly interested in actually bidding for Spurs but were seen off by Uncle Joe with a valuation that was above what they were willing to spend.

I agree although if it had been a PR stunt it would have been a bit of a damp squib. A couple of day's excitement after the initial story and then......zzzzz

 

[nidge]

How true was it that Abramovic wanted to buy Spurs but again ENIC wanted too much money?!

Knowing our luck Cain Hoy will go and buy West Ham instead and turn them into a powerhouse whilst ENIC and Spurs are twiddling their thumbs think what might of been. AGAIN!

Not true at all.

This is from a Telegraph article dated 2003.

Levy, whose company ENIC own 29.9 per cent of Tottenham and who is presently on honeymoon, told The Daily Telegraph: "Yes, we did have a meeting at his request because he wanted ENIC's perspective on the European football market. It is important to note however, that at no time did we discuss, either then or subsequently, his desire to acquire a Premiership club."

 

[yankspurs]

There are alot of people here who wont admit that ENIC has done wrong by the fans. Those same people are the idiots who think there better fans of the club as they are english. Time to fucking open your thick skulls and stop jerking off levy and lewis.

 

[davidmatzdorf]

Most of the buyers walked away because they couldn't get a mortgage at the time. Their bank made them sell nearly 150 of the flats in a bulk deal to a London based property fund at 20% below market value in 2009. The project was largely funded by one of the Irish banks and they weren't In a position to refinance as it stood and the markets were pretty much shut for borrowing elsewhere at the time.

Yes, some private buyers couldn't get mortgages, but those who had already exchanged contracts generally would have had mortgage offers before they could exchange.

Quite a few of the flats were sold to overseas investors and many of them walked away because the negative equity exceeded their deposits.

 

[Spurs_Bear]

Because he wanted to take his wife back to Germany ( and try and save his marriage).

No.

 

[parklane1]

No.

Yes.

 

[Spurs_Bear]

Yes.

Proof?

 

[CheeseGromit]

How true was it that Abramovic wanted to buy Spurs but again ENIC wanted too much money?!

Knowing our luck Cain Hoy will go and buy West Ham instead and turn them into a powerhouse whilst ENIC and Spurs are twiddling their thumbs think what might of been. AGAIN!

How do you know what Cain Hoy want a football club for ? And what they would do with it ?

 

[Cheltenham Spur]

There are alot of people here who wont admit that ENIC has done wrong by the fans. Those same people are the idiots who think there better fans of the club as they are english. Time to fucking open your thick skulls and stop jerking off levy and lewis.

No, there are a lot of people who don't believe ENIC have done wrong by the fans.
As for the rest of your racist rant (because that's what it is) maybe English fans understand the history of the club better. Look it up when you sober up because this club has been in existence for over half the time of your country and you might learn something.

 

[parklane1]

Proof?

We have been around this house before, you believe what you want to if it makes you feel better.

 

[CheeseGromit]

.

These guys were almost assuredly interested in actually bidding for Spurs but were seen off by Uncle Joe with a valuation that was above what they were willing to spend.

Fact or Speculation

All the companies you have mentioned are interested in making money; none of them are Philanthropic.

I have first hand knowledge of working with "investment companies" the likes of the names you mention. They want their pound of flesh. Why would it be different at Spurs

So back to last statement (qouted above) Is it Lewis/Levy selling to high or that Cain Hoy wont make as much money as they hoped for. It is about who makes the money Neither sounds like the benefactor some would like to own Spurs

 

[Spurs_Bear]

We have been around this house before, you believe what you want to if it makes you feel better.

I'll believe the quotes from VdV. Can't see any issue with it, apart from it doesn't fit what you want to believe. But as you said, exceptionally boring, so don't quote me on it, just click disagree if you want.

 

[parklane1]

I'll believe the quotes from VdV. Can't see any issue with it, apart from it doesn't fit what you want to believe. But as you said, exceptionally boring, so don't quote me on it, just click disagree if you want.

Yes you are, but no worries.

 

[CheeseGromit]

Jimbo78 said: ↑
How true was it that Abramovic wanted to buy Spurs but again ENIC wanted too much money?!

Knowing our luck Cain Hoy will go and buy West Ham instead and turn them into a powerhouse whilst ENIC and Spurs are twiddling their thumbs think what might of been. AGAIN!

Not true at all.

This is from a Telegraph article dated 2003.

Levy, whose company ENIC own 29.9 per cent of Tottenham and who is presently on honeymoon, told The Daily Telegraph: "Yes, we did have a meeting at his request because he wanted ENIC's perspective on the European football market. It is important to note however, that at no time did we discuss, either then or subsequently, his desire to acquire a Premiership club."

This is from a Telegraph article dated 2003.

Oh my god not another fallacy about THFC Lewis and Levy. How will the anti brigade handle this

Oh wait we have known this since 2003 yet the truth does not seem to permeate through

 

[Bulletspur]

Knowing our luck Cain Hoy will go and buy West Ham instead and turn them into a powerhouse whilst ENIC and Spurs are twiddling their thumbs think what might of been. AGAIN!

*Sigh*

 

[Dirty Ewok]

Fact or Speculation

All the companies you have mentioned are interested in making money; none of them are Philanthropic.

I have first hand knowledge of working with "investment companies" the likes of the names you mention. They want their pound of flesh. Why would it be different at Spurs

So back to last statement (qouted above) Is it Lewis/Levy selling to high or that Cain Hoy wont make as much money as they hoped for. It is about who makes the money Neither sounds like the benefactor some would like to own Spurs

I am under no illusion that they are anything other than a investment group. I was just stating that the whole bid process seems unlikely to be a PR stunt. They would have easier paths to create PR buzz than expressing an interest in buying Spurs.

For Cain Hoy i think one of the major attractions (admittedly speculation on my part) was that they would get a "beachhead" of sorts to a massive redevelopment project in London. Bringing Spurs into their portfolio would give them a bit more leverage in what they do in the area and serve as a Gem as they invest and build up the area.

I think ENIC priced the club out of their range but i do think their was an interest in actually pursuing a potential purchase. They may not have been any better than ENIC, and in the long haul we likely would have been another asset that they would view as something they could turn a profit on, but given their investment in the Dodgers it is interesting to speculate on how they would have approached the club.

 

[Coyboy]

There are alot of people here who wont admit that ENIC has done wrong by the fans. Those same people are the idiots who think there better fans of the club as they are english. Time to fucking open your thick skulls and stop jerking off levy and lewis.

What a lovely image. Just sober up and grow up in that order. Your posts infest this site.

 

[Archibald&Crooks]

Oh my god not another fallacy about THFC Lewis and Levy. How will the anti brigade handle this

Oh wait we have known this since 2003 yet the truth does not seem to permeate through

Hold on, it isn't "yet another", its old and wrong, put to bed ages ago. Are you really suggesting the anti-Levy brigade all think this because one or two posters have mentioned it?

There's a job waiting for you in the BSoDL propaganda dept. Ask for Joseph

 

[nidge]

There are alot of people here who wont admit that ENIC has done wrong by the fans. Those same people are the idiots who think there better fans of the club as they are english. Time to fucking open your thick skulls and stop jerking off levy and lewis.

It should be they are or they're.

 

[CheeseGromit]

Hold on, it isn't "yet another", its old and wrong, put to bed ages ago. Are you really suggesting the anti-Levy brigade all think this because one or two posters have mentioned it?

There's a job waiting for you in the BSoDL propaganda dept. Ask for Joseph

So you think that people look objectively at what has happened at the club. Just because there is a vociferous group of anti ENIC it dont make it right Silent majority might come into somewhere or even objectivity but hey ho

Thanks for the offer !!!!!!!!!