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Spurs braced for American takeover bid - updated

Buggsy61

Washed Up Member
Aug 31, 2012
5,549
8,921
"several sources have told Telegraph Sport that interested parties in a takeover are being informed they will have to deal with chairman Daniel Levy"£1bn will now become £2bn!
 

stuffies

Well-Known Member
Sep 17, 2006
765
621
Got half of me that says ....hell yes if their going to push this new stadium quicker and gives us some more money to spend of players and increase the wage bill :)

But then the other half that dislikes all these rich fookers playing monopoly with football clubs......then when they get bored,which they will ....they would leave us in a right mess :(

Personally .....years ago there should of been say a transfer cap and wage cap .....across all leagues,would have put a stop to all these 300k aweek wages .....gotta say that again 300K A WEEK!!.
And these soon to be 100million a player ........just bloody stupid.
And in return it would have kept season tickets down,hell everything down as all clubs could survive and compete.
Well that's another debate but had too say it......

However these are the times were in now and you can either join or fall .....
We'll see what happens ,I just hope whatever is done is best for THE club!!

COYS
 

davidmatzdorf

Front Page Gadfly
Jun 7, 2004
18,106
45,030
There's plenty of smoke without fire, when the smoke is being blown by journalists trying to manufacture a story. Here's what I wrote on the other thread about the same article ... where everyone ignored it and insisted on discussing what kind of takeover would be good and what kind would not:

The article is absolute horseshit. Read it carefully and there is no content there, just a name and some ungrounded conclusions.

The Telegraph wrote it before the club issued a formal denial and then, rather than retracting it, they tagged the first line on top, without even bothering to change (i.e., correct) the article.

The club is speaking to multiple potential sources of lending, including, in all probability, equity investors, for the stadium. That has nothing whatsoever to do with a 'takeover'; it is inward investment to make the stadium viable with the lowest possible financing costs. Businesses seeking to expand speak to equity investors and lenders all the time. That doesn't mean that they are imminently going to sell the business. It just means that they are trying to raise money for the expansion project, in this case the NDP.

Having invested an 8-figure sum in the stadium, the first obvious time for ENIC to sell up was when we obtained planning consent, because that added the maximum value to the asset for the minimum investment.

Having invested a second 8-figure sum to proceed through the detailed design, obtain finance and get phase 1 built, the second obvious time to sell up will be when the stadium has been completed.

Not now, because they have invested more money without adding further value yet.
 

fedupyid

Well-Known Member
Dec 2, 2004
789
906
ENIC have not invested their own money into the club and if these people offer anything near what Joe Lewis wants he will sell.

To be honest I do not care if ENIC stay or go they run the clubs back room staff like a small time bussiness and just hire Levy's friends and family. The fact is we are being out net spent every year by 80% of the league and they have missed key opportunities to spend to reinforce the team to make us compete for top 4.
 

TaoistMonkey

Welcome! Everything is fine.
Staff
Oct 25, 2005
32,629
33,577
I'd much rather an American investment than an Arabs play thing.

There is no use fighting this. We will just plod along unless we don't roll with the big boys. If you don't like it you're best supporting a lower league club where it doesn't matter.
 
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longtimespur

Well-Known Member
Sep 10, 2014
5,830
9,949
Got half of me that says ....hell yes if their going to push this new stadium quicker and gives us some more money to spend of players and increase the wage bill :)

But then the other half that dislikes all these rich fookers playing monopoly with football clubs......then when they get bored,which they will ....they would leave us in a right mess :(

Personally .....years ago there should of been say a transfer cap and wage cap .....across all leagues,would have put a stop to all these 300k aweek wages .....gotta say that again 300K A WEEK!!.
And these soon to be 100million a player ........just bloody stupid.
And in return it would have kept season tickets down,hell everything down as all clubs could survive and compete.
Well that's another debate but had too say it......

However these are the times were in now and you can either join or fall .....
We'll see what happens ,I just hope whatever is done is best for THE club!!

COYS
Good old Jimmy Hill. Do away with the wage cap!!!!!
 

The General

Active Member
Sep 10, 2014
128
191
I think this will happen. But for those of you getting excited thinking the grass is always greener, i'd be careful not to get ahead of yourselves. These guys most certainly would not be like Abramovic or Mansour. At best we could hope that they will run us like Henry (Liverpool owner and an exceptional Trend Following Investor). Or they might pump us full of debt (ala the Glaziers or Hicks and Gillette) which i don't think a club like Tottenham could sustain and could be a disaster.

ENIC and Levy have been good stewards for our club at a very difficult time in the financial markets and have progressed the club, although that progression does appear to have stalled recently. My gut feeling is that Joe Lewis is a bit bored with Tottenham and would sell for the right price.
 

The General

Active Member
Sep 10, 2014
128
191
There's plenty of smoke without fire, when the smoke is being blown by journalists trying to manufacture a story. Here's what I wrote on the other thread about the same article ... where everyone ignored it and insisted on discussing what kind of takeover would be good and what kind would not:

You're obviously an intelligent and possibly informed individual on this subject. As such surely you would accept that when someone comes out and says "this or that is not for sale", it normally ends up getting sold. These guys (all parties) are exceptional businessmen, but you don't have to be one of those to know that if you want to sell something and you admit it you're not exactly putting yourself in a strong bargaining position.
 

18Klinsmann

Well-Known Member
Aug 31, 2005
1,254
494
It seems like the article holds up to me, and it would make a lot of sense. The timing is perfect with the stadium project in play and the PL becoming a real asset in the US. Even the Jewish names sound right, and I would clearly favour a takeover by an investment group rather than a random billionaire as long as it gets the stadium plans back on track and enables us to compete with the top teams.
 

Mullers

Unknown member
Jan 4, 2006
25,914
16,413
ENIC have taken us as far as they can, I would only want a takeover if the people or person concerned has serious investment to put into the club to take us to the next level.
 

littlewilly

Well-Known Member
May 28, 2013
1,670
5,181
ENIC have taken us as far as they can, I would only want a takeover if the people or person concerned has serious investment to put into the club to take us to the next level.
That's a bit cliche-ridden Mullers. I would hope Enic will take us to another level in getting the stadium built. After that? It's Tottenham!
 

longtimespur

Well-Known Member
Sep 10, 2014
5,830
9,949
I'm not sure whether THFC would be worth more with the stadium completed or not. All the problems we seem to be having, in building it, makes me think a new investor would prefer it built than have all this aggro.
 

TottenhamMattSpur

Well-Known Member
Aug 31, 2012
10,925
16,007
ENIC have not invested their own money into the club and if these people offer anything near what Joe Lewis wants he will sell.

To be honest I do not care if ENIC stay or go they run the clubs back room staff like a small time bussiness and just hire Levy's friends and family. The fact is we are being out net spent every year by 80% of the league and they have missed key opportunities to spend to reinforce the team to make us compete for top 4.

100%
Last five years our net transfer spend is less than EVERYONE currently in the league!
 

Mullers

Unknown member
Jan 4, 2006
25,914
16,413
That's a bit cliche-ridden Mullers. I would hope Enic will take us to another level in getting the stadium built. After that? It's Tottenham!
Everybody seems to talk as if this new stadium is the key to everything. Newcastle have got a 52,000 capacity, I haven't seen them do a goddamn thing, besides if we move away from our current model and start paying massive transfer fees for every player, than that is an admission that our current model doesn't work.
 

felmonger

SC Supporter
Sep 10, 2004
207
33
'A takeover would be welcomed by a large number of Tottenham fans, who have grown frustrated with Levy’s football decisions and negotiations, and the delays to the new stadium.' So says the article. This just shows the journo to be an ignorant publicity seeking man looking for a way to fill some colunm inches.
1. Many, many Spurs fans have backed Levy and his work for the club.
2. I, for one, have no interest in the soul of Spurs being sold so that we can buy success and match the likes of Chelsea and Man. City.
Perhaps I am just too old, and as a fan for over sixty years, too far away from the younger Spurs fans who seem to want to win at any cost.
 

Led's Zeppelin

Can't Re Member
May 28, 2013
7,333
20,178
There's plenty of smoke without fire, when the smoke is being blown by journalists trying to manufacture a story. Here's what I wrote on the other thread about the same article ... where everyone ignored it and insisted on discussing what kind of takeover would be good and what kind would not:

I agree with most of your analysis except your conclusion about the best time to sell.

The best time to sell is when you get the best offer. All things being equal, that may well be when the stadium is complete. But not necessarily, for several reasons: the funding required for completing the stadium has opportunity costs too (it entails access to cash that may have alternative uses), there are many significant risks between now and completion, there's the question of time and what else could be done with the (potential) sales proceeds during the period of the build, and most importantly, there's the question of what offers happen to pop up, perhaps as a result of the funding conversations that are undoubtedly happening all over the place at the moment with the sort of people who also understand the concept of future value.
 

littlewilly

Well-Known Member
May 28, 2013
1,670
5,181
Everybody seems to talk as if this new stadium is the key to everything. Newcastle have got a 52,000 capacity, I haven't seen them do a goddamn thing, besides if we move away from our current model and start paying massive transfer fees for every player, than that is an admission that our current model doesn't work.
But hasn't the management of NUFC been a bit erratic? I'm satisfied that we are a well-run club even if it's just in comparison or contrast to clubs like Newcastle.
 
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