Cain Hoy say 'No'.

[Dirty Ewok]

That would be utterly pointless.

I think so as well, but it would keep the investment (which ultimately is what a purchase would be) stable and profitable.

Personally i think we would be likely to see a hybrid style somewhere between Levy and Roman. Basically i don't think we would suddenly try to do buy Messi.....but stumping up the cash for Schneiderlin and a LW in January wouldn't be an issue nor would coughing up the extra cash to ensure that Mouthinho is signed.

Basically smart, tactical spending rather than massive splurges.

 

[mrlilywhite]

I think so as well, but it would keep the investment (which ultimately is what a purchase would be) stable and profitable.

Personally i think we would be likely to see a hybrid style somewhere between Levy and Roman. Basically i don't think we would suddenly try to do buy Messi.....but stumping up the cash for Schneiderlin and a LW in January wouldn't be an issue nor would coughing up the extra cash to ensure that Mouthinho is signed.

Basically smart, tactical spending rather than massive splurges.

That would be the one thing that would instantly get fans on board. I would be overjoyed by that kind of investment. The biggest question remains though, and I guess it will until we hear one way or the other, that is will ENIC sell? Surely, if Cain Hoy want it, they will pay it and one would hope that Joe and co would bite their hand off. As long as we are not some oligarch club I would be happy, doing it the right way!

 

[Dirty Ewok]

That would be the one thing that would instantly get fans on board. I would be overjoyed by that kind of investment. The biggest question remains though, and I guess it will until we hear one way or the other, that is will ENIC sell? Surely, if Cain Hoy want it, they will pay it and one would hope that Joe and co would bite their hand off. As long as we are not some oligarch club I would be happy, doing it the right way!

I really am not sure if ENIC would sell.

Check that....i think ENIC would sell but i am not sure where the money would be for them to agree to sell.

I think Cain Hoy would be willing to pay above market value for the club (because above market value NOW will likely be below market value somewhere in the future) but i am not sure how much above market value they would go and i have no doubt the Uncle Joe/Levy would want above market value.

The question become at what point does paying above market value become too much and how much above market value would ENIC want? That is how those types of guys at Cain Hoy/Guggenheim make rich people richer though, they are very good at figuring out questions like that and ending up on the profitable side of things.

 

[Ledleys Knee]

ITK or not, everything/anything is for sale at the right price...so that's a pretty futile comment.

How much would Mrs Pink cost - indecent proposal style?

Or is she not for sale?

 

[DCSpurs]

I believe a lot of what Ewok says is accurate. I'll add a little bit of perspective as an LA Dodger fan that may shed some light on how this transaction may have been expected to go.

When Guggenheim bought the Dodgers from the McCourt family, the league had taken over the franchise and refused to allow McCourt to negotiate a TV deal. That's because he was going to use those proceeds to fund a very messy divorce settlement. Guggenheim won the bidding in part because they weren't going to be an owner that would loot the team's resources.

In their bid, Guggenheim was never front and center as the primary investor. They had very carefully selected minority investors to join them as the face of the bid. Those investors included LA icon Magic Johnson, and the stories written about the bidding and the sale all focused on Magic.

Once they bought the team, the new ownership group invested heavily. Very heavily. The team's payroll is the largest in baseball by a considerable margin. If there was a player the Dodgers really wanted, they got him. They spent heavily right out of the gates, and also invested in expanding their scouting operation and picked up some incredible prospects from Cuba.

The reason why I mentioned Magic Johnson is that having him as the face of the bid for the Dodgers is something that suited Guggenheim well. They wanted to make their bid as attractive as possible among other competitors.

If an American group is buying our club, they will be mindful of the low regard that English fans have for many American owners. The Glazers have helped people form the worst opinions about U.S. owners. I suspect that Cain Hoy or Guggenheim would have wanted to assemble minority stakeholders in a takeover bid that would quell some of these concerns. That's why I don't think they are behind the leak.

Given that the club says they have been in talks with Guggenheim about stadium financing, it would seem likely that Cain Hoy's interest is not a surprise. And given that Darren Eales left for a job in the states and Joe Lewis was in town for the Liverpool match would suggest that there has been activity on this front for a while.

It's probably also worth noting for Levy fans that one of the other minority owners that joined Magic Johnson in the Dodgers bid was highly regarded General Manager Stan Kasten. I don't know if there are many better chairmen in the Premier League than Daniel Levy and he may be invited to join the prospective new owners. However, we don't know if his skills translate well in a situation flush with cash. He has made the most out of our limited resources, but maybe a new ownership group would want someone like Peter Kenyon or David Gill. The new owners would probably also be looking for someone with strong ties to the FA.

Although the group leading the takeover bid may not have wanted its intentions known before assembling a full team, the news that has come out recently certainly hasn't hurt them. The impasse regarding Archway, the possible stadium delay until 2022, the unpopular ground share options are all problems that the new owners could conceivably solve.

One possibility is that the initial leaks about Cain Hoy could be coming from within the club itself. It's possible that they are trying to accelerate this deal and have forced Cain Hoy's hand. The Guggenheim backed group was meticulous in its media strategy leading up to the Dodger purchase. Tottenham's PR department does not have this kind of reputation. The revelations about takeover interest, starting with Lewis's £1 billion price tag, do not seem part of a well-designed communications strategy. And since Cain Hoy has officially announced their interest in bidding, it could be they were forced to start the clock by leaks in the media. If this American group is serious about acquisition, I suspect we'll see much greater attention paid to the PR side of things in the days to come.

And if they do buy the club - and plan to spend money - now is the ideal time. If we're aggressive in the January transfer market, it's conceivable that we can keep Manchester United from improving and dent their prospects at Champions League qualification. They would then face a considerable drop in the $1.2 billion in annual sponsor funding which is contingent upon CL. Limiting the opportunities of other clubs to spend big will improve our chances at achieving, and maintaining, Champions League status. Such things are possible with the deep pockets of our prospective buyers.

 

[mrlilywhite]

@DCSpurs When you put it like that, it is so hard not to get excited! I guess also, with Jonathan Goldstein very much part of Cain Hoy it kind of softens the blow, with him being a Spurs fan, and a London lad. Ahh really trying to stop myself getting excited here! The one thing that is keeping me grounded is ENIC''s insistence that they don't want to sell yet, and are only actively looking for funding for the stadium. It could all be a bluff on their part though. I had seen reports that city insiders think that this is a pure publicity stunt on Cain Hoy's part.

 

[Booney]

Suspect their sums are primarily based on the cost of building the stadium vs the potential value of the completed stadium site in a completely regenerated Tottenham. Additional income for transfers and wages can then just come from that. They're also likely to have an excellent idea of how to cash in on the growing interest in the EPL in the US market.

There was also lots of talk about a possible London NFL franchise not too long ago. Total guesswork, but might there be more to that story which might have piqued their interest even more?

 

[Graysonti]

I really am not sure if ENIC would sell.

Check that....i think ENIC would sell but i am not sure where the money would be for them to agree to sell.

I think Cain Hoy would be willing to pay above market value for the club (because above market value NOW will likely be below market value somewhere in the future) but i am not sure how much above market value they would go and i have no doubt the Uncle Joe/Levy would want above market value.

The question become at what point does paying above market value become too much and how much above market value would ENIC want? That is how those types of guys at Cain Hoy/Guggenheim make rich people richer though, they are very good at figuring out questions like that and ending up on the profitable side of things.

Agreed but both Enic and CH could make out of this.

I think ENIC don't have the dash to push us through

I believe a lot of what Ewok says is accurate. I'll add a little bit of perspective as an LA Dodger fan that may shed some light on how this transaction may have been expected to go.

When Guggenheim bought the Dodgers from the McCourt family, the league had taken over the franchise and refused to allow McCourt to negotiate a TV deal. That's because he was going to use those proceeds to fund a very messy divorce settlement. Guggenheim won the bidding in part because they weren't going to be an owner that would loot the team's resources.

In their bid, Guggenheim was never front and center as the primary investor. They had very carefully selected minority investors to join them as the face of the bid. Those investors included LA icon Magic Johnson, and the stories written about the bidding and the sale all focused on Magic.

Once they bought the team, the new ownership group invested heavily. Very heavily. The team's payroll is the largest in baseball by a considerable margin. If there was a player the Dodgers really wanted, they got him. They spent heavily right out of the gates, and also invested in expanding their scouting operation and picked up some incredible prospects from Cuba.



And if they do buy the club - and plan to spend money - now is the ideal time. If we're aggressive in the January transfer market, it's conceivable that we can keep Manchester United from improving and dent their prospects at Champions League qualification. They would then face a considerable drop in the $1.2 billion in annual sponsor funding which is contingent upon CL. Limiting the opportunities of other clubs to spend big will improve our chances at achieving, and maintaining, Champions League status. Such things are possible with the deep pockets of our prospective buyers.

Ok, I'm in. Where do we sign ?

 

[dovahkiin]

hertyid posted this:

Ok I was with a guy who works at the club yesterday. Says this is all about stadium financing, not a takeover at all. So ties in with AY.

just what it said on the thfc website really, cain hoy's view might be different?

 

[hellava_tough]

Interesting times

 

[Mullers]

What do you do for a living Mullers?

Sorry Sloth, I don't like to reveal too much private stuff about myself on these forums or on the internet.

 

[Mullers]

But every single team in the world has moments like that. Hell, even Ferguson's Man Utd lost 6-1 to Man City, and the very same Swiss side got them out of the Champions League.

Yes but they haven't won one trophy in 14 years.

 

[Led's Zeppelin]

.............................................

As I keep saying, the fuss is feeding on itself. There is actually nothing there, except for an investor considering whether trying to buy a football club might be a good use of their capital. That happens all the time. It isn't a big deal. The leak to the journalist and the subsequent spin are what have made it notable, not the actual state of play.

........................

(Apologies but I've heavily clipped the quote from David for brevity.)

What interests me here is that if they were just batting ideas around, thinking about it in broad terms without any real commitment to anything, they would have been under no obligation to register anything with the Takeover Panel. So it suggests it's a bit more serious than just an office conversation doesn't it?

 

[Mullers]

But these are just single instances that happen to any club, Man City lost at home to Stoke recently, Man Utd have lost to everyone at home, Chelsea have slipped numerous times, as have Arsenal. Before ENIC came along we were having the same results a lot more often.

I don't blame you for wanting improved results at all but don't tell me you didn't enjoy beating Utd away two seasons running (including beating their title winning team under Fergie) or the 2-3 comeback at the emirates etc.. What about our Champions League run? You know as well as the rest of us that football is unpredictable and more so in this league than any other. We've still improved over the last 10-15 years any way you want to spin it, maybe it's not happened fast enough for you but it has happened.

Of course I enjoyed all the positive stuff in the past but you said the pride has returned. I don't feel proud of the way the team as performed against our rivals at all, we've been handed a thrashing. The achievement of one trophy in 14 years is not something to be proud of.

We have improved I've never denied it but people are prepared to give levy the time but they aren't patient when it comes to coaches and players.

 

[Mullers]

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.

And why do you think Levy deserves more time? Why don't you judge him in the same way you judge Jol and Redknapp and Dawson?

 

[Lilbaz]

Lol, just looked at their website, and it looks like they have tried to incorporate some of our traditional colours. The company logo looks like a combination of blue,white and yellow (Yellow being a colour we have used often for our 3rd kit)........All I am gonna say is POTL is a bloody genius, he prophesied this ages ago....Blue and yellow. http://cainhoyenterprises.com/

Blue and white were the colours of the jockeys for Cain Hoy stables.

 

[THFCSPURS19]

hertyid posted this:

just what it said on the thfc website really, cain hoy's view might be different?

If you have sources in the club, that's what they're going to tell you.

That's what it's like as far as they are concerned because Cain Hoy haven't made an offer yet. That could change.

If you believe the papers, this would be a £1billion deal- I can't see too much ITK coming out of this as it's too much of a sensitive deal.

Until Cain Hoy make an offer (if they do), all our ITKs will be saying what the club are saying, as from the club's perspective, they have no reasons to think/say otherwise.

 

[Mullers]

Did you feel pride when we finished 4th?

Did you feel pride when we were in the Champions League?

Did you feel pride when Bale was tearing it up in the CL and in 12-13?

Did you feel pride when we have beat Arsenal?

What about all the other times we beat Liverpool before last season?


Oh, and that Swiss team is actually very good. You're probably like Sherwood and just think they are a pub team.

Your arguments are ridiculous. You've completely ignored all the positive things that have happened before last season.

Also, this isn't even the thread to be talking about this.

I enjoyed all those moments but those things haven't happened recently that is the point.
As for Basle I knew it would be a hard match but a team of our standing, who aspires to be top 4 should have beaten them.

For any top 4 one trophy in 14 years isn't good enough, if we had a coach and that had won only trophy there would be outrage. People have created threads like lets laugh at Chelsea, so imagine what people would be like here if they won one trophy in 14 years.

 

[sloth]

The thing that becomes an interesting thought process in these things is this....

For the Dodgers they paid well above the market value, they seemed prepared to pay above market value for the Clippers and while not Cain Hoy the Bills just sold for what could be thought of as above market value...

But that market value is based on the perceived pricing TODAY.

If you are thinking of these as long term investments (as Cain Hoy, Guggenheim and ENIC seem to) then an overspend at the beginning can still be a forgiveable decision (though not a common one) if you believe in the long haul that your value and revenues will increase.

A potential ownership of Cain Hoy may not see overpaying in 2014 as a bad thing if they believe prices on a PL team will increase as the years pass essentially would paying £700m in 2014 make sense if you believe the same purchase could cost you £1.2B in 2020?

Sorry, either I've misunderstood you, or you've got it wrong. Basically, the sale price will always take into account future revenue, including projected growth. I'm not sure there is such a thing as market value in a complex deal like this, each company is different, the circumstances of the sale are always different, the ambition of the purchaser too, and the sales themselves are few and far between; the best you could hope for is some kind of vague benchmarking. Basically, any purchaser will have to work out our value using whatever metrics he believes to be important, and once calculated that value will probably only be applicable to him.

 

[Everlasting Seconds]

Until Cain Hoy make an offer (if they do), all our ITKs will be saying what the club are saying, as from the club's perspective, they have no reasons to think/say otherwise/broadcast a wish to sell.

Sorted that out for you