Cain Hoy say 'No'.

[mpickard2087]

Jol was expected by Levy to get CL football after getting 5th, when he didn't they started looking at Ramos in the summer and gave some excuse about Jol having an interview at newcastle.

Or maybe league position was largely irrelevant, the board looked at Jol and saw some of his obvious limitations and they were just ruthless and thought Ramos would be the better man?

 

[dagraham]

Everyone is just ignoring the fact that FFP means we can't just be bought and hundreds of millions spent to buy us the title.

No, but we could spend the ridiculous T.V revenue we get instead of clearly using it for the stadium project (obviously this is hypothetical as I doubt that any new potential owners backed by an investment company are going to use their own funds to part build a stadium).

Just saying that it's not black and white : i.e. complete prudence without ever making a net spend vs insane FFP breaking Chelsea/City spending. There is a middle ground.

For what it's worth I was quite apprehensive of this speculation as I believe if we are going to be taken over by an investment company with little experience and interest in football/sports then I'd rather stick with ENIC (and that comes from someone who is usually quite critical of ENIC/Levy).

However, reading that these people have a background in sports and may be similar to the Liverpool owners has put a slightly different slant on it.

We've heard these things before though and it's quite likely that nothing will come of it. As has been said, the most Lewis/ENIC would probably be looking for would be an equity investment re the stadium and a possible dilution of his shareholding.

If he receives a silly offer though......... who knows?

 

[ginge]

To confirm about Goldstein, the guy is actually a top bloke. He was involved with my company and is a real genuine Spurs fan.

 

[robertgoulet]

The last thing we need is another investment company.

Keep seeing this, but the Guggenheim backed group that bought the LA Dodgers has been splashing cash on players left and right. As of opening day in 2014, they had the highest payroll in the MLB ($235MM), there's no one in the league within $30MM of them...

Until they gain control of the team, it's not fair to say "they're an investment company, they won't spend money". Some investors see the effects that winning has on a brand as a much bigger play/larger returns (albeit more risky) than just doing the safe ENIC thing of staying competitive and within budget. That's what the LA Dodgers group is doing. "The more we win, the more money we make. Gotta spend $ to make $."

 

[rocklink]

Everyone is just ignoring the fact that FFP means we can't just be bought and hundreds of millions spent to buy us the title.

For the last 3 windows , our net spend was 0million .. so we still got some added cash to spend

 

[Archibald&Crooks]

Or maybe league position was largely irrelevant, the board looked at Jol and saw some of his obvious limitations and they were just ruthless and thought Ramos would be the better man?

"the board" hehe

You, me, a WWII japanese sniper still on active duty in Borneo and Frank, the short sighted Puffin from the Faroe Islands all know that when you say "the board" what you actually mean is Daniel Levy.

It's Daniel Levy. Unless "the board" are the ones responsible for the hiring and firing of the last 10 or so fall guys?

 

[LexingtonSpurs]

Why are people so sure that once (if) the ground is built it will mean a sudden splurge on players? And the team is falling further behind the top clubs. Continue on this trend for four or five years and the gap will only have widened, perhaps to a level that cannot be breached. This whole idea of coasting along until we build a ground is a lovely, quaint concept but the truth is Tottenham are in huge danger of being cut adrift right now.

Team in London, plays in 50,000+ all-seater, backed by financially secure owner = major player for any transfer. You only have to overpay to get a few key players in, and with the right manager, you get CL, and then the gap disappears.

Then this becomes a 5-team race for 4 spots, and Liverpool is wondering where it all went wrong...and if ManUtd fall short this year, they could drop out for a while...

 

[dagraham]

Keep seeing this, but the Guggenheim backed group that bought the LA Dodgers has been splashing cash on players left and right. As of opening day in 2014, they had the highest payroll in the MLB ($235MM), there's no one in the league within $30MM of them...

Until they gain control of the team, it's not fair to say "they're an investment company, they won't spend money". Some investors see the effects that winning has on a brand as a much bigger play/larger returns (albeit more risky) than just doing the safe ENIC thing of staying competitive and within budget. That's what the LA Dodgers group is doing. "The more we win, the more money we make. Gotta spend $ to make $."

This is true.

All successful business wont just spend without assessing risk (this is why large companies have whole departments set up to evaluate it). However, it's also true that risk is inherent in business. Every business from a local shop to Apple had to take risks at some point in order to grow. And businessmen are human beings too, meaning that some are merely more risk averse than others and I believe Levy is more risk averse than most.

 

[JollyHappy]

Agree with Ginge. Jonathan Goldstein is a top property lawyer by training and he if anyone could sort out the construction of the ground and the CPO he can.

Guggenheim manage assets of £210bn.

Serious funding and proper expertise could be good news!

 

[mpickard2087]

"the board" hehe

You, me, a WWII japanese sniper still on active duty in Borneo and Frank, the short sighted Puffin from the Faroe Islands all know that when you say "the board" what you actually mean is Daniel Levy.

It's Daniel Levy. Unless "the board" are the ones responsible for the hiring and firing of the last 10 or so fall guys?

I meant Levy and particularly Kemsley, who iirc was still part of the club at that time and played a massive part in Ramos joining us.

 

[Mullers]

Or maybe league position was largely irrelevant, the board looked at Jol and saw some of his obvious limitations and they were just ruthless and thought Ramos would be the better man?

But Jol insists he was under too much pressure to break into the big four on a limited budget.

He said: “At that time, Liverpool were still in the top four and you had Arsenal, Manchester United and Chelsea.
“So to tell me that we had to be in the top four was a bit too much for us.

http://www.dailystar.co.uk/sport/football/250817/Martin-Jol-I-paid-for-Tottenham-top-four-failure
Jol got us to our best finish ever.
Ramos wasn't the better man, if they want to be ruthless and axe a manager without having the guts to tell him to his face, that's up to them but then the board should be expected to be judged by the standards they set out.

 

[talkshowhost86]

I'm not going to get het up either way until there's any actual concrete interest shown, but it's promising that there is at least interest in the club.

As others have said earlier in this thread it would seem like an odd time for ENIC to cash in (i.e. pre-stadium) which is presumably why the £1billion figure is being bandied about as a deterrent.

But hey...exciting times.

 

[mpickard2087]

http://www.dailystar.co.uk/sport/football/250817/Martin-Jol-I-paid-for-Tottenham-top-four-failure
Jol got us to our best finish ever.
Ramos wasn't the better man, if they want to be ruthless and axe a manager without having the guts to tell him to his face, that's up to them but then the board should be expected to be judged by the standards they set out.

Forgive me if I don't pay too much credence to a sacked manager trying to cover his ass...

Whilst the rest of what you say may well be true, I wouldn't argue with that, its not to do with league position.

Its been done a thousand times though, I'm out coz its old ground. I don't think managers have been sacked purely on missing out on CL. You do.

 

[gazzeh]

Everyone is just ignoring the fact that FFP means we can't just be bought and hundreds of millions spent to buy us the title.

Naming rights....etc

 

[LexingtonSpurs]

I'm not going to get het up either way until there's any actual concrete interest shown, but it's promising that there is at least interest in the club.

As others have said earlier in this thread it would seem like an odd time for ENIC to cash in (i.e. pre-stadium) which is presumably why the £1billion figure is being bandied about as a deterrent.

But hey...exciting times.

US sports franchises are selling for crazy money - would not be out of line to overbid for a London team in PL. Football in America is definitely on a nice growth curve, I would think investors can see even more broadcast revenue in the future. SO good team, good location, opportunity for new revenues on the horizon...

I don't think you'll hear anything else "concrete" until Cain Hoy have reached an agreement to purchase, or they announce their intention not to make a bid at all.

 

[Archibald&Crooks]

I meant Levy and particularly Kemsley, who iirc was still part of the club at that time and played a massive part in Ramos joining us.

Fair enuff, for a moment there I assumed your were indulging in a spot of BeeSoddle flim-flammery

My bad.

 

[JonnySpurs]

My personal opinion on this is that I whilst I have loathed Chelsea for the way they started this trend in Football, the reality is that if we ever have any aspirations of competing consistently in the top 4 then we MUST have the financial power to do so. I don't want us to BUY the title but I do want us to be able to compete. In the end I would want quality coaching and beautiful football to win out, but it certainly won't hurt to have the ability to sign a player of Falcao's level (even without CL football as Man Utd have) if we needed to.

Levy and ENIC have done a fine job of making us as competitive as possible by running the club superbly from a business standpoint but it is something incredibly hard to sustain on our budget and we have always been limited in that regard. The reality is that is why we have had to sell our best players season after season because we don't have the financial muscle to keep them and the money coming in was always going to be too good to turn down. Obviously it's not just this, the lack of CL football being a major factor, but it's no secret that the final positions in the league always tend to follow the wealth of the respective clubs.

In terms of our status and financial clout, we over achieved in finishing 4th two seasons running and missing out on CL football the 2nd season meant that our time at the top table would always be short lived. I believe Poch has the coaching ability and ethos to get us back into the top 4 on merit but it will be incredibly hard without the kind of money these new owners might potentially bring with them.

 

[Teddy Klinsmann]

If you were hoping to buy a football club, would you not want to keep it all quiet as the buyer rather than drum up other interest. Seems strange.

 

[StanSpur]

Naming rights.... 'The Guggenheim'

I can see the stadium plans being quickly redrafted

 

[talkshowhost86]

US sports franchises are selling for crazy money - would not be out of line to overbid for a London team in PL. Football in America is definitely on a nice growth curve, I would think investors can see even more broadcast revenue in the future. SO good team, good location, opportunity for new revenues on the horizon...

I don't think you'll hear anything else "concrete" until Cain Hoy have reached an agreement to purchase, or they announce their intention not to make a bid at all.

Well they've got an October deadline to make their formal interest know so that'll be an indicator.

I suspect there's not much in this but it'll certainly be interesting to keep an eye on.