Tottenham Takeover Talk

[Bluto Blutarsky]

The most important position we can upgrade this summer is DM.

For my money, that is more important than wingers or strikers. We need a DM who is strong on the ball, in the tackle, and reads the game well.

If we can get that position sorted - it helps keep everyone else organized and in better shape to perform their roles.

Bissouma is not consistent enough in the position to rely on as a starter. Our other CMs are not strong enough defensively to handle that position.

 

[Archibald&Crooks]

I mean, you must surely see that things like transport, health, food and warmth are more important than going to watch the footie?
And that's not even going into who funds those things.

Such a pointless argument.

Of course, fucking hell. But given the fucking poor justifications for it that people have come out with in this thread, I guess it that depends entirely on how much of a fuck you give.

Anyway, people are justifiably getting the itch with this so i'll bow out.

 

[Kirito]

The most important position we can upgrade this summer is DM.

For my money, that is more important than wingers or strikers. We need a DM who is strong on the ball, in the tackle, and reads the game well.

If we can get that position sorted - it helps keep everyone else organized and in better shape to perform their roles.

Bissouma is not consistent enough in the position to rely on as a starter. Our other CMs are not strong enough defensively to handle that position.

But how will Bissouma do as part owner?

 

[BehindEnemyLines]

Did they not already do this with a Sub Division of shares back in December 2022?

This was seen at the time as a precursor to potential investment.

It's quite often done with untraded shares with the ultimate owner underwriting the new share release......that way, they can increase market capitalisation without actually diluting ownership.

Perhaps it is curious that it all comes at a time when Joe Lewis was under investigation and ultimate ownership was transferred to the Lewis family trust......I think the case has now recently concluded, though it's unclear what the ultimate ramifications of that are.

 

[Westmorlandspur]

A lot depends on how they structure any investment.

Simplified:

If they are looking to increase Capital then it would probably not be ordinary shares - purely selling existing shares does not increase capital and the issue of new ordinary shares would dilute ownership as well as reduce the individual share value (dependent on how they are valued, and it would appear that market share capitalisation for Tottenham is substantially lower than Levy values the business).

It is far more likely that they would issue preference shares (generally - Cumulative preference shares, Noncumulative preference shares, Convertible preference shares, Participatory preference shares, or Redeemable preference shares). Preference shares tend to be more secure as an investment and have conditions applicable, but don't provide the investor with any power or voting rights, so they often appeal to silent partners or corporates that want a good but safe return on their money.

If the club is valued at 2bn, might be a lot more when you compare with Chelsea , 10% is 200m. 25% seems quite a lot to be selling off. Would it be 25% of Joe‘s stake. Far too complicated for us mere mortals.
As champ lge place edges ever closer I don’t think we’ll be short of cash come the summer. Just no more Ndombele’s

 

[Jaddas]

"To capitalise on our long-term potential, to continue to invest in the teams and undertake future capital projects, the Club requires a significant increase in its equity base."

It's the bit in bold that worries me the most. It would really be nice if we could focus on the playing side of things, instead of also looking to increase the value of the club which would fundamentally be for the owners benefit.

Yes, we have spent more than normal over the past 4 - 5 years, but were very prudent prior. The priority really should be to continually challenge for top honours, otherwise what's the point?

 

[Albertbarich]

"To capitalise on our long-term potential, to continue to invest in the teams and undertake future capital projects, the Club requires a significant increase in its equity base."

It's the bit in bold that worries me the most. It would really be nice if we could focus on the playing side of things, instead of also looking to increase the value of the club which would fundamentally be for the owners benefit.

Yes, we have spent more than normal over the past 4 - 5 years, but were very prudent prior. The priority really should be to continually challenge for top honours, otherwise what's the point?

That never has and never will be the priority. It's a business first and foremost and they sell this model with certain merit that the more successful the business is then the more money the football team has.

i think people are going to be disappointed when this investor comes in because I strongly suspect their values will be aligned with ENIC and not the football fans.

 

[Westmorlandspur]

I was surprised to see the list of players bought during the last financial year as costing 300m. They included Romero and Deki who were on loan for first season or so.
It’s just about a complete new team in a couple of years. Shift the usual suspects this summer, not as easy as it sounds, and look for 4 or 5 quality signings.

 

[BehindEnemyLines]

"To capitalise on our long-term potential, to continue to invest in the teams and undertake future capital projects, the Club requires a significant increase in its equity base."

It's the bit in bold that worries me the most. It would really be nice if we could focus on the playing side of things, instead of also looking to increase the value of the club which would fundamentally be for the owners benefit.

Yes, we have spent more than normal over the past 4 - 5 years, but were very prudent prior. The priority really should be to continually challenge for top honours, otherwise what's the point?

That has Tottenham Hotel written all over it - linked to the club a 180 room hotel could increase revenue by ~£10m+ a year, especially linked to conference and events at the stadium. Combine it with residential apartments and you could get a lot of the initial capital investment back on sale of those apartments.

Use external investment to build that development to minimise the affect on our cashflow.

 

[chas vs dave]

That never has and never will be the priority. It's a business first and foremost and they sell this model with certain merit that the more successful the business is then the more money the football team has.

i think people are going to be disappointed when this investor comes in because I strongly suspect their values will be aligned with ENIC and not the football fans.

I don't get why its an issue, the club has to innovate to generate more revenue.

We cannot stand still and expect no one to catch us up/run away from us.

 

[felmani26]

"To capitalise on our long-term potential, to continue to invest in the teams and undertake future capital projects, the Club requires a significant increase in its equity base."

It's the bit in bold that worries me the most. It would really be nice if we could focus on the playing side of things, instead of also looking to increase the value of the club which would fundamentally be for the owners benefit.

Yes, we have spent more than normal over the past 4 - 5 years, but were very prudent prior. The priority really should be to continually challenge for top honours, otherwise what's the point?

If it is Capital projects such as the new hotel then perhaps that does play into Qatar/UAE/Kuwait hands considering their extensive property portfolio in London.

Suspect it's what @BehindEnemyLines is suggesting above.

 

[southlondonyiddo]

Absolutely agree.
I am nearly 72 now (not the oldest here by far), but if there is one thing I would dearly love to see before I go, it is Spurs winning something again. League Cup, Euro Conference, something, anything.

I fear you may have to break the record for becoming the oldest living man on earth to stand any chance. Good luck

 

[Jaddas]

That has Tottenham Hotel written all over it - linked to the club a 180 room hotel could increase revenue by ~£10m+ a year, especially linked to conference and events at the stadium. Combine it with residential apartments and you could get a lot of the initial capital investment back on sale of those apartments.

Use external investment to build that development to minimise the affect on our cashflow.

A few weeks ago, the company I work was invited to tender for some works at the new hotel. We were then told the next day that the tender had been put on hold, possibly to do with the funding news which has just come out?

I've looked at the docs, and the building will be 30 floors with dining areas, bar and café on 1st floor. 2nd to 11th floors will be hotel accommodation. 12th floor will be meeting rooms, with a bar and event space on floor 13. There will be gym, play rooms, cinema and more bars on floor 14.

Floors 15-26 will be residential apartments with penthouses on floors 27-30.

 

[Neon_Knight_]

What's all the chat about OAP concessions got to go with Tottenham Takeover Talk

I opened this thread expecting to read posts relating to Levy's / the club's recent comments about external investment...but quickly forgot which thread I was in.

 

[mil1lion]

Any chance of keeping this on the topic of a 'Takeover Talk' please and having a separate thread for ticket prices/OAP concessions?

Threads been taken over by the OAPs so sort of still on topic

 

[felmani26]

A few weeks ago, the company I work was invited to tender for some works at the new hotel. We were then told the next day that the tender had been put on hold, possibly to do with the funding news which has just come out?

I've looked at the docs, and the building will be 30 floors with dining areas, bar and café on 1st floor. 2nd to 11th floors will be hotel accommodation. 12th floor will be meeting rooms, with a bar and event space on floor 13. There will be gym, play rooms, cinema and more bars on floor 14.

Floors 15-26 will be residential apartments with penthouses on floors 27-30.

It seems almost too obvious that the 'significant outside investment' is intrinsically linked to the construction of the hotel.

 

[WaldotheCat]

I fear you may have to break the record for becoming the oldest living man on earth to stand any chance. Good luck

Just seen the news, so it looks like I will need at least another 40 years......
That's four more 'years that end in 1', though I'm not sure that works anymore.
Still plenty of time to save up for a season ticket though.

 

[brasil_spur]

"To capitalise on our long-term potential, to continue to invest in the teams and undertake future capital projects, the Club requires a significant increase in its equity base."

It's the bit in bold that worries me the most. It would really be nice if we could focus on the playing side of things, instead of also looking to increase the value of the club which would fundamentally be for the owners benefit.

Yes, we have spent more than normal over the past 4 - 5 years, but were very prudent prior. The priority really should be to continually challenge for top honours, otherwise what's the point?

Capital projects, like a hotel, become massive revenue streams for the club, yet don’t count against us when it comes to FFP / PSR.

In order to continue to be amongst the top clubs in the world and have continued stability we should be creating as many revenue generating capital assets as possible.

 

[ukdy]

That has Tottenham Hotel written all over it - linked to the club a 180 room hotel could increase revenue by ~£10m+ a year, especially linked to conference and events at the stadium. Combine it with residential apartments and you could get a lot of the initial capital investment back on sale of those apartments.

Use external investment to build that development to minimise the affect on our cashflow.

Exactly mate. Give the investor some equity in the business in exchange for cash to fund or partially fund capital investments..... as interest rates are through the roof at the moment.

ENIC has assets of £XXXXX, but that's tied up in the tangible, it's not wholly cash to build a hotel and apartments.

I think any investor helps fund infrastructure and also some is cash for the football team.

Either way the ownership share they receive will appreciate over time.

 

[brasil_spur]

Exactly mate. Give the investor some equity in the business in exchange for cash to fund or partially fund capital investments..... as interest rates are through the roof at the moment.

ENIC has assets of £XXXXX, but that's tied up in the tangible, it's not wholly cash to build a hotel and apartments.

I think any investor helps fund infrastructure and also some is cash for the football team.

Either way the ownership share they receive will appreciate over time.

Yeh agreed. Basically the cash for the infrastructure from an investor means that the club can continue to spend its own existing revenue streams on players without having to dip into that pot of cash to fund the infrastructure. Also it sounds lot more fiscally responsible and attractive to investors to say that their investment will go towards revenue generating infrastructure assets and overall club valuation growth rather than another potential Ndombele or two.