Tottenham Takeover Talk

[inclineyid]

I’m all about buying one of the penthouses on the 30th floor and flying a huge Levy/ENIC out banner from it every home game

 

[FITZ]

I’m all about buying one of the penthouses on the 30th floor and flying a huge Levy/ENIC out banner from it every home game

Crowdfund the value of the penthouse and the flag!

 

[bubble07]

A penthouse on tottenham highstreet sounds very appealing

 

[kmk]

A penthouse on tottenham highstreet sounds very appealing

I don’t get the appeal of having a hotel or luxury apartment in Tottenham.

Any football tourist would take the train to central London.

 

[brasil_spur]

I don’t get the appeal of having a hotel or luxury apartment in Tottenham.

Any football tourist would take the train to central London.

Have you seen the prices of hotels in central London lately? You’d be lucky to find anything half decent for less than £200 per night and that’s assuming there’s not a major sporting or other event on.

I imagine the club will be sensible enough to create some “football packages” - I.e. tickets and hotel wrapped up in one that will look appealing to many tourists who don’t know better. So along with football tourists I would imagine that pretty much every event being run has a decent number of potential hotel guests aligned to it.

But you have a point in as much as outside of stadium event tourists it’s going to be hard to see who would use a hotel in Tottenham regularly.

 

[RJR1949]

I don’t get the appeal of having a hotel or luxury apartment in Tottenham.

Any football tourist would take the train to central London.

The business objective in opening the hotel will be to attract more business conferences. The stadium has the capacity to host events of all sizes but is being held back by its distance from central London. Why hold a conference at the stadium when all the attendees have to trek from and back to central London? But add a hotel and conference attendees can spend one or more days and nights at an event. The conference business at the stadium can take off.

And clearly the hotel will also try to sell to those attending games and concerts at the stadium.

 

[Danfunkel]

A penthouse on tottenham highstreet sounds very appealing

10/15 years time when it’s completely gentrified, it might well be

 

[SirHarryHotspur]

Now that all the accounts have been published , anyone able to put a valuation on Spurs and how much a potential stake would be.
This bit in the accounts , net book value of property etc owned by the THL, £1.8 billion. is that a starting point for valuation less any debts.

 

[McArchibald]

I don't know what the accounting-based value of the club is, but Levy's valuation of it will range somewhere between "ludicrous" and "absurd". That's why all the earlier takeover talks have (sadly) come to nothing...

 

[Dr Know]

I don't know what the accounting-based value of the club is, but Levy's valuation of it will range somewhere between "ludicrous" and "absurd". That's why all the earlier takeover talks have (sadly) come to nothing...

Why sadly? I think Levy has done a great job with our finances. We’ve had some great transfer windows where other clubs could not spend and we‘ve not even sold the stadium rights yet. The stadium seems to be generating a fair bit of money and by all accounts we will spend again in the next transfer window without fair of breaching FFP.

Regardless of any take over, we won‘t be able to spend without limits anyway, just look at Newcastle. If the rumours are true, it looks like they have to sell their best players rather than spending unlimited amounts on new players regardless of having owners with unlimited funds.

 

[brasil_spur]

I don't know what the accounting-based value of the club is, but Levy's valuation of it will range somewhere between "ludicrous" and "absurd". That's why all the earlier takeover talks have (sadly) come to nothing...

That's good, undervaluing us would do us a lot of damage.

But also he's a business man first and foremost - this is/was a detriment to us when he gets/got involved in footballing matters, but there's no-one else I'd want running the business side of the club apart from Levy right now.

 

[Spriggan]

I don't know what the accounting-based value of the club is, but Levy's valuation of it will range somewhere between "ludicrous" and "absurd". That's why all the earlier takeover talks have (sadly) come to nothing...

How do you know this, were you part of any talks? There are myriad moving parts in business purchase negotiations, and any prospective buyer will know what the seller is asking for prior to opening the conversation. But hey, if that's what you believe, so be it.

 

[dontcallme]

How do you know this, were you part of any talks? There are myriad moving parts in business purchase negotiations, and any prospective buyer will know what the seller is asking for prior to opening the conversation. But hey, if that's what you believe, so be it.

Not known, just made up. A baseless criticism of our chairman.

 

[Spriggan]

Not known, just made up. A baseless criticism of our chairman.

I know and agree, but I struggle with lazy posts like that. If you're going to denigrate a successful person at least know what you're talking about from a position of knowledge!

 

[McFlash]

Not known, just made up. A baseless criticism of our chairman.

A common tactic for those in here that still hold a senseless hatred towards our chairman, that and a stubborn refusal to accept any good that he's done.

It's why hardly anyone takes them seriously anymore.

 

[Dr Know]

I know and agree, but I struggle with lazy posts like that. If you're going to denigrate a successful person at least know what you're talking about from a position of knowledge!

I think it’s just an emotional reaction mate. Levy has made some terrible “football” decisions and some folks can’t seem to separate that from the financial/development decisions.

 

[Spriggan]

I think it’s just an emotional reaction mate. Levy has made some terrible “football” decisions and some folks can’t seem to separate that from the financial/development decisions.

I get DL has made some dreadful football/transfer decisions, and I agree with you, but I was pushing back against the statement that Levy overprices the club, and that has been the sole reason why any takeover/investment talks have come to nought.

 

[Misfit]

What can a new owner do at this stage? Maybe up commercial revenue some more and maintain the training ground etc without adding more debt but eh. The UEFA 70% rules means they're not going to come in and spaff a billion quid in one go like the doped clubs were previously able to anyway.

 

[Locotoro]

The business objective in opening the hotel will be to attract more business conferences. The stadium has the capacity to host events of all sizes but is being held back by its distance from central London. Why hold a conference at the stadium when all the attendees have to trek from and back to central London? But add a hotel and conference attendees can spend one or more days and nights at an event. The conference business at the stadium can take off.

And clearly the hotel will also try to sell to those attending games and concerts at the stadium.

Wasn't there talk of trying to increase the number of no football events from 15 a year up to 30. I believe one of the committments to getting that approved is showing how it would benefit the local economy of Tottenham and local businesses.

So if you're building a hotel that is at full capacity for 19 home league games, European games and cup games plus a potential 30 non football events that is a lot of additional revenue and a lot of people injecting money into the local economy.

The average profit margin for a well run hotel is between 5 -15%. A colleague who works in hospitality told me it will likely make around £7m a year in hotel profit but the event money is where we will see big income as well as increased land values from the up marketing of the area

 

[McFlash]

What can a new owner do at this stage? Maybe up commercial revenue some more and maintain the training ground etc without adding more debt but eh. The UEFA 70% rules means they're not going to come in and spaff a billion quid in one go like the doped clubs were previously able to anyway.

That's my thinking these days, there's more chance that a new owner will fuck things up rather than keep up the growth that Levy has managed.
The "fit and proper" thing is just bullshit.

With the financial restrictions biting as they are and yet to get tougher, as long as Levy keeps his beak out of the football side of this, I'm more than happy to have him.

As long as he can be kept from meddling...