Tottenham Takeover Talk

[Clockspur]

Thanks Herc for giving me some sort of hope that supporting this this team for the last 56 might not be so painful after all

56 years, you’ve seen good times my friend. I’ve seen us lift an FA cup and 2 league cups

 

[For the love of Spurs]

Levy has been a genius for ENIC - not “us”

fair, but he has left one side of the club in very good condition. He needs to go so the other side of the club, the actual football side can be fixed.

 

[Clockspur]

Yep agree to that but now it’s not only Gooner mates giving me me grief it’s my West Ham mates and work colleagues as well
as some one said it’s the hope that kills you?

West Ham, don’t take any of that, they are in the relegation zone, don’t own their own ground, owned by a porn baron and won fack all for 43 years.

 

[The boy hoddle]

I'm not itk..


West ham?
Mate how?

Yeah good question
just had to ask myself that ?

 

[the yid]

Yep agree to that but now it’s not only Gooner mates giving me me grief it’s my West Ham mates and work colleagues as well
as some one said it’s the hope that kills you?

I moved from Cheshunt to Kent where the main sports are Rugby and cars so not many people give me abuse ? although everyone here who does like football support United, Liverpool or Arsenal

 

[ukdy]

Can't be a full takeover as they own PSG

This has been talked about before, and evidenced that it might not be a problem at all.

 

[Rogmeister]

There’s no way this goes through. We aren’t that lucky.

probably just buying cheap sand to fill the cones up with

 

[ofosh]

I moved from Cheshunt to Kent where the main sports are Rugby and cars so not many people give me abuse ? although everyone here who does like football support United, Liverpool or Arsenal

jeez, where on earth do you live in Kent?

I've lived in Kent for 44 of my 46 years on this planet and Kent is mostly a mix of Spurs, Ars*nal, Chelsea, West Ham, Palace, Charlton, Millwall, Gillingham then lower league clubs like Welling United, Dartford, Bromley, Maidstone and Folkestone Invicta. Never is rugby the main sport in Kent. Cricket is bigger than rugby.

For the record, when I went to Orpington station on Sunday to get to the NLD, the platform was full of Spurs and Arsenal, as it is most home games.

 

[Wine Gum]

I believe the loan was around 64% of the financing required for the project initially (total cost apx 1bn) and I think Goldmans were the bookrunner. The repayments were due around 2yrs after it closed, and so there has been a bond scheme acquiring investment to reduce that off, and minimise interest risk (switching fixed rate for floating) and convert it into longer tenors (some of which are 15 and 30 years so not repayable in the near future). Some of it was refinanced by Merrill and HSBC - around 50% which continues to be serviced by revenue as you say. That whole scheme brought external investment to around 84% or thereabouts of the original cost which implies that the club funded the gap. I could be wrong but seems most plausible given the results and reports prior to the stadium being built.

Some of the early Ground Development Costs were funded by The Club selling a portfolio of properties to TH Property based in The Bahamas and owned by ENIC. The sale price was on a Fair value basis which at the time was before planning consent was approved. The Club purchased the properties initially out of Club Funds which would have impacted on the transfer budget at the time.

The sites in the High Road West area now have planning consent and will have considerably increased in value but that profit will not now benefit the Club as far as I can see.

Companies House confirms that Donovan Gijsbertus Wijsmuller (based in Jersey) now has a significant control in the companies that own this property i.e. at least 25% and it therefore appears that TH Property (ENIC) has already sold down part of it’s ownership to a development partner no doubt for a profit.

ENIC could easily have put equity into the Club to cover these early development costs and kept the profit within the Club.

 

[The boy hoddle]

56 years, you’ve seen good times my friend. I’ve seen us lift an FA cup and 2 league cups

Yep properly so from FA cup in 67 to league cup in 71 to the cup Eula cups to the Fa cups
good times just getting too old for these last years hopes going pear shape
Please Tottenham Hotspur’s before I leave this metal place make me happy ?

 

[Karol]

This has been talked about before, and evidenced that it might not be a problem at all.

Oh my, fingers crossed

 

[the yid]

jeez, where on earth do you live in Kent?

I've lived in Kent for 44 of my 46 years on this planet and Kent is mostly a mix of Spurs, Ars*nal, Chelsea, West Ham, Palace, Charlton, Millwall, Gillingham then lower league clubs like Welling United, Dartford, Bromley, Maidstone and Folkestone Invicta. Never is rugby the main sport in Kent. Cricket is bigger than rugby.

For the record, when I went to Orpington station on Sunday to get to the NLD, the platform was full of Spurs and Arsenal, as it is most home games.

Village South of Maidstone mate everyone loves Rugby and motorsports here. Most pitches have rugby goals and shit. I play football for mental health charity and there's 2 Spurs 2 Arsenal 1 Chelsea everyone else is United or Liverpool

 

[Karol]

Yep properly so from FA cup in 67 to league cup in 71 to the cup Eula cups to the Fa cups
good times just getting too old for these last years hopes going pear shape
Please Tottenham Hotspur’s before I leave this metal place make me happy ?

Snap, 56 years for me too and it all started with the 67 FA Cup as well

I feel your pain

 

[thebenjamin]

Just let them feel the HW pillows ffs

 

[PaulThurston]

Just let them feel the HW pillows ffs

They have. They're so comfy they won't leave the rooms to negotiate.

 

[Albertbarich]

Some of the early Ground Development Costs were funded by The Club selling a portfolio of properties to TH Property based in The Bahamas and owned by ENIC. The sale price was on a Fair value basis which at the time was before planning consent was approved. The Club purchased the properties initially out of Club Funds which would have impacted on the transfer budget at the time.

The sites in the High Road West area now have planning consent and will have considerably increased in value but that profit will not now benefit the Club as far as I can see.

Companies House confirms that Donovan Gijsbertus Wijsmuller (based in Jersey) now has a significant control in the companies that own this property i.e. at least 25% and it therefore appears that TH Property (ENIC) has already sold down part of it’s ownership to a development partner no doubt for a profit.

ENIC could easily have put equity into the Club to cover these early development costs and kept the profit within the Club.

What in the Bond villan is he?

 

[The boy hoddle]

Snap, 56 years for me too and it all started with the 67 FA Cup as well

I feel your pain

Trouble is I’ve made my Son suffer the same pain for the last 28 years
dose it class as child abuse

 

[Archibald&Crooks]

jeez, where on earth do you live in Kent?

I've lived in Kent for 44 of my 46 years on this planet and Kent is mostly a mix of Spurs, Ars*nal, Chelsea, West Ham, Palace, Charlton, Millwall, Gillingham then lower league clubs like Welling United, Dartford, Bromley, Maidstone and Folkestone Invicta. Never is rugby the main sport in Kent. Cricket is bigger than rugby.

For the record, when I went to Orpington station on Sunday to get to the NLD, the platform was full of Spurs and Arsenal, as it is most home games.

Hedgehog racing is more popular in Kent than Rugby

 

[Karol]

Trouble is I’ve made my Son suffer the same pain for the last 28 years
dose it class as child abuse

Not if you disown him

 

[mil1lion]

Levy not paying electricity on Saturday with a game Sunday, he'll only arrange a meeting when the power is already on. He's the sort of person who switches his smart meter off when he goes to bed.