Tottenham Takeover Talk

[EastLondonYid]

There is no way of truly knowing until somebody gets in here and shows us their intent.
The reality is, when you buy something for 3.75 Bn, you’ll want to grow it and sell. There is really only one way to do that and it’s to be successful.

Yes and no, it depends on how you measure success..
Enic have grown us immensely, but have only one league cup in 20 years.

 

[EssexSH27]

He's too hard on himself. We all want him to enjoy his retirement.

Could focus on the TikTok full time and make a career out of that

 

[Trotter]

Wont pass the PL tests either. No way they allow a leverage buyout, even part, that with the new government rules coming into play and them wanting to play a straight bat in light of those.

It’s not a leveraged buyout.
Just Saorise jumping to a totally incorrect conclusion that others repeated, until some sense was brought to the thread

 

[haslemereyid]

LBO’s are dead for the foreseeable future - interest rates have gone up too much to make them work.

 

[spursfan77]

If it's in the FT then it's been sourced and confirmed so will definitely be true. Personally agree with those saying this is the worst of all worlds - his net worth is only 3.5 billion, we'd be getting taken over by a private equity consortium for profit and profit alone.

This 100%

It would be the ultimate fuck you to us as fans from ENIC.

 

[Tyler24durden]

I want to Enic to sell but would prefer it to be to a rich owner rather than an investment group as that is what Enic are.

 

[fecka]

If it's in the FT then it's been sourced and confirmed so will definitely be true. Personally agree with those saying this is the worst of all worlds - his net worth is only 3.5 billion, we'd be getting taken over by a private equity consortium for profit and profit alone.

It looks like a very similar type of makeup as Boehly's Chelsea bid though with a consortium and middle eastern investors, no?
Boehly's net worth is only 5.3 bn USD and the money in Chelsea's case's coming from Clearlake capital and other investors in that case.

Before we know more it's difficult to say how it'll turn out, but I agree it's unlikely we'll see money pumped into the club like it's been done at Chelsea.

 

[Clockspur]

It’s always Jahm tomorrow with this club

 

[spursfan77]

It’s not a leveraged buyout.
Just Saorise jumping to a totally incorrect conclusion that others repeated, until some sense was brought to the thread

Has the journalist explained his report then or is it people guessing, I haven't followed the whole thread?

 

[cjsimba]

Does Stoof have a specific stamp for a takeover?

 

[fecka]

The debt is bigger than £750 million, so that doesn't make sense. Why would they not wipe it all out. It is as it is read. It is a leveraged buyout. Took me 2 seconds to check.

From the accounts: Over 90% of our financial borrowings of £852.6m, are at fixed rates, with an average interest rate of 2.81%. The average maturity of all our borrowings is 20.4 years, some of which stretch until 2051, ensuring limited impact on the Club’s ability to invest in the playing squad.

Edit: who can you be disagreeing with figures from the accounts FFS. Fucking morons.

 

[spursfan77]

Ok thanks for replying like an adult rather than just hitting disagree. I've been working not sitting in this thread all morning. Have deleted my initial post.

 

[Trotter]

Has the journalist explained his report then or is it people guessing, I haven't followed the whole thread?

Saorise guessed/misread/misunderstood it was an LBO. Immediately others followed his word.
Didn’t read like that to people that understand finance
Author confirmed it was not LBO

 

[Wheeler Dealer]

I don't know much about Najafi, but on the surface, this looks to have some similarities to Boehly's bid on Chelsea backed by a consortium of investors and Clearlake Capital.
Because of this, I wouldn't look too closely at Najafi's net worth, but it's too early to tell without more information.

Boehly is not the money behind Chelsea, just the ego

 

[thehipster]

He is Iranian American. Lots that people from across the spectrum could hate just based on that fact alone…

To provide some perspective, he left Iran when he was 12 and seemed very driven to be educated in the States, going above and beyond to ensure he got the best education he could find.

There‘s not too much available about his early days, but an article here…

Jahm Najafi: Expected To Be Billioniers, Know his Net Worth And the way he earns?

Jahm Najafi: Expected To Be Billioniers, Know his Net Worth And the way he earns?

www.medadmbjmc.in

He seems a very driven guy who’s good at spotting opportunities and making money.
But like any billionaire, he’ll not be the fully rounded human being. Nobody is. We all have flaws.
It’s just working out whether his motivations and flaws are better/worse than any other potential investors.

 

[Albertbarich]

Ok thanks for replying like an adult rather than just hitting disagree. I've been working not sitting in this thread all morning. Have deleted my initial post.

Luckily us house husband's are the fourth emergency service in these situations and can look into these things as our toddler turns out living room into a war zone filled with plastic toys.

 

[KaribYid]

It's fascinating to see how state ownership of football clubs have warped fans' view of what ownership should be about.

Firstly, every single owner bar the sports washers are in it for a profit. That goes for 90% of PL clubs. Levy is in it for profit. That's not a mark against any potential owner.

I was reading through our financials last night because I'm a sad, boring accountant but we had revenue of 443m in a year that we were in the Conference League.

Assuming that we'd be in the Europa League at a minimum most times and our commercial income should keep growing (especially if we sort out the naming rights) our revenue should regularly crack 500m.

Our operating income is 114m. We have 226m cash in the bank. We've spent 500m in the last four years.

We don't need an owner to come in and pump money in the club. Levy has done an outstanding job of building us up into being a profitable business. We need an owner to come in and give us direction and to do what FSG/Kroenkes have done and have a data analytics-heavy football operation with the Sporting Director/Manager in full control.

We need an owner who is not as risk averse as Levy who will raise our wages to turnover ratio from 47% to something more competitive without being financially destructive (something like 65%) while also pushing the boat out when we're in a position of strength.

I don't know much about this guy but I do follow the NBA as a sorry Knicks fan and the Suns are a decently ran operation. They've built a competitive small market team while making a blockbuster trade for one of the league's best players. The ambition is there at least but of course that doesn't transfer to football.

What we need to hope is that this guy has a heavy focus on data analytics who will support Paratici (or a DoF of his choosing) to revamp our recruitment department and allowing the football people time to implement a philosophy that suits us as a club.

We need that more than we'll ever need a sugar daddy.

 

[Robbiepope]

Sorry if mentioned but this could explain why in part why we haven't extended Conte's contract or fired him?

 

[Wick3d]

It's fascinating to see how state ownership of football clubs have warped fans' view of what ownership should be about.

Firstly, every single owner bar the sports washers are in it for a profit. That goes for 90% of PL clubs. Levy is in it for profit. That's not a mark against any potential owner.

I was reading through our financials last night because I'm a sad, boring accountant but we had revenue of 443m in a year that we were in the Conference League.

Assuming that we'd be in the Europa League at a minimum most times, our revenue should regularly crack 500m.

Our operating income is 114m. We have 226m cash in the bank. We've spent 500m in the last four years.

We don't need an owner to come in and pump money in the club. Levy has done an outstanding job of building us up into being a profitable business. We need an owner to come in and give us direction and to do what FSG/Kroenkes have done and have a data analytics-heavy football operation with the Sporting Director/Manager in full control.

We need an owner who is not as risk averse as Levy who will raise our wages to turnover ratio from 47% to something more competitive without being financially destructive (something like 65%) while also pushing the boat out when we're in a position of strength.

I don't know much about this guy but I do follow the NBA as a sorry Knicks fan and the Suns are a decently ran operation. They've built a competitive small market team while making a blockbuster trade for one of the league's best players. The ambition is there at least but of course that doesn't transfer to football.

What we need to hope is that this guy has a heavy focus on data analytics who will support Paratici (or a DoF of his choosing) to revamp our recruitment department and allowing the football people time to implement a philosophy that suits us as a club.

We need that more than we'll ever need a sugar daddy.

Big 100% on the data analytics. Perhaps a potential job for me as I'd love to work for THFC.

 

[teok]

It’s always Jahm tomorrow with this club