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Daily Mirror- Joe Lewis will sell the club....if he gets £1BILLION.

THFCSPURS19

The Speaker of the Transfer Rumours Forum
Jan 6, 2013
37,886
130,485
http://www.mirror.co.uk/sport/football/news/tottenham-up-sale-owner-joe-4197493

Tottenham up for sale but owner Joe Lewis wants a massive £1 BILLION for the club

The 77-year-old businessman is ready to cash in on £22m investment he made in 2001 but has received no interest with Spurs still Champions League outsiders

Spurs owner Joe Lewis is ready to sell the club.

Mirror Sport understands the 77-year-old businessman has been ready to cash in on his investment for some time and now wants a staggering £1billion for the north Londoners.

There has so far been no interest as any potential buyers will need to assume the financial burden of the club’s new stadium - said to be around £400million.

But it is felt any takers would benefit from the increased revenue generated by the 56,000-seater venue, income from naming rights and TV cash.

Self-made billionaire Lewis controls ENIC International Ltd, which bought a controlling stake in Spurs from Alan Sugar back in 2001 for around £22million.

Tottenham insisted on Wednesday night there are no plans to relinquish control, but Mirror Sport understands the club are desperate for new boss Mauricio Pochettino to lead them back into the Champions League to increase the appeal to fresh investors.

lol
 

RuskyM

Well-Known Member
Jul 9, 2011
6,921
22,732
Hopefully those Qatari investors we were linked to a few years back show up.

Although that might end badly, to be honest the thought of new investors terrify me. Will be maddeningly unpredictable.
 

Lilbaz

Just call me Baz
Apr 1, 2005
41,363
74,893
Time for Mullers to empty his piggy bank.

Like how they say £22m investment. That was for a 30% stake in 2001. His total investment must be closer to £120m (only last year he put in £50m).
 

carpediem991

Well-Known Member
May 31, 2011
8,836
20,308
Enic should keep them. I just hope we will end somewhere where no one wants to have too much influence.
 

phil

Well-Known Member
Oct 25, 2004
2,038
1,239
Wow. When the shares were delisted the club was valued at less than £100m. It would make my shares worth over £10k.
 

spursfan77

Well-Known Member
Aug 13, 2005
46,680
104,956
It's probably not a bullshit story in the face of that we are and always have been for sale....at the right price. As expected that price is unreasonable or unrealistic.
 

Rocksuperstar

Isn't this fun? Isn't fun the best thing to have?
Jun 6, 2005
53,290
66,758
file_187255_4_milliondollarman_o.jpg

"Everybody's got a price..."

I'd sell my entire arse for 1 billion. I'd even hack it off and wrap it up in newspaper, you could take it home with you.

Lets be honest, if he'd said he wouldn't sell for even 1 billion, he'd clearly be a bit mental.

Non-story; "Man would sell toys for amount with so many zeros it's easier to express as a fraction"
 

Lilbaz

Just call me Baz
Apr 1, 2005
41,363
74,893
It's probably not a bullshit story in the face of that we are and always have been for sale....at the right price. As expected that price is unreasonable or unrealistic.

Is a bit high. But our training ground is worth £50m. The investment so far in the stadium is over £100m. We have a lot of land that has permission to develop into houses, we even own a Sainsbury's and College.We are probably the only club in the country with no debt at all. Our players must be valued at over £200m. We have a large turnover and have massive potential for growth (with the new stadium).
 

Francis Gibbs

Well-Known Member
Jul 17, 2012
4,326
4,569
It's probably not a bullshit story in the face of that we are and always have been for sale....at the right price. As expected that price is unreasonable or unrealistic.
Spot on, we have actively been in the market for a buyer for at least two yrs now.
 

yankspurs

Enic Out
Aug 22, 2013
41,883
71,188
Considering the recent sales of professional sport organizations, this is not so nuts. The NFL's Buffalo Bills were just sold for $1.4billion. The NBA's Los Angeles Clippers, historically LA's "2nd rate" NBA franchise, was just sold for $2 billion. And the MLB's LA Dodgers was sold for $2 billion anout 2 or 3 years ago(probably would have gone for $3 billion today).

Given those sports dont have the global appeal of soccer, $1.62 billion(£1 billion) does not sound that nuts at all.
 

danielneeds

Kick-Ass
May 5, 2004
24,179
48,764
Just can't see any sugar daddy's investing at that price. Maybe another massive company like AEG, but then we'd just be another asset on a balance sheet.
 

nikojev

Well-Known Member
Jul 11, 2011
310
763
Considering the recent sales of professional sport organizations, this is not so nuts. The NFL's Buffalo Bills were just sold for $1.4billion. The NBA's Los Angeles Clippers, historically LA's "2nd rate" NBA franchise, was just sold for $2 billion. And the MLB's LA Dodgers was sold for $2 billion anout 2 or 3 years ago(probably would have gone for $3 billion today).

Given those sports dont have the global appeal of soccer, $1.62 billion(£1 billion) does not sound that nuts at all.
American franchises are a license to print money though.
 

Twizzle

The Alpha Male
May 25, 2008
4,955
4,735
Is he basically saying that Spurs aren't for sale ?

Maybe after the new stadium is built that may change but maybe so will the valuation.
 
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