Tottenham Takeover Talk

Danfunkel said:

Well, with this and QSI, it’s clear I think ENIC/Lewis aren’t going to be around for much longer.

the end of a chapter looms.

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KaribYid said:

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.

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felmani26 said:

To paraphrase Jeff Moorad who is CEO at MSP;

Speaking in a guest editorial for US sports business website Sportico in March of last year, Moorad wrote: "At MSP Sports Capital, we only pursue investments with operational control or significant influence.

"Fundamentally, investors are attracted to the disproportionate annualised returns available in sports, with limited relative downside risk. In order to achieve favourable risk-adjusted returns, investing discipline remains critical in an industry where emotion can easily take hold of the uninitiated. We believe it’s critical to evaluate both macro dynamics (trajectory of the sport, league management, league competition, regulatory environment) and micro dynamics specific to the asset (management team, brand power and digital presence, fan/sponsor loyalty, local market dynamics and real estate opportunities).

"We’re thrilled to be building a global soccer platform with partners David Blitzer and Bolt Football Holdings. We’re also fortunate to have a law firm like Morgan Lewis (a firm where Moorad has a roles as partner and chairman of the firm's global sports practice) on retainer—there is a premium on having the right professionals in place to be able to strike when a deal is hot."

In sports there are passive and active investors. Some choose to place capital into a team and bank on the continued rising of value of the asset until such time they want to pull their money out at a strong profit for their investors, while for active investors, they play a part in helping to put in place strategy and leadership to maximise opportunities and grow the value of the business using their own expertise and that of those around them.

MSP Sports Capital, based upon Moorad's comments and the leadership positions that have been taken up in some of their investments, notably Najafi's at McLaren Racing, points to them being in the latter of those two camps.

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KaribYid said:

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.

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fecka said:

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.

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spursfan77 said:

He owns a stake in Palace and was part of the Martin Broughton bid for Chelsea.

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cjsimba said:

Does Stoof have a specific stamp for a takeover?

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curlacious said:

That adds up to 100%. We're in business.

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Clockspur said:

It’s always Jahm tomorrow with this club

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SargeantMeatCurtains said:

Greedy, greedy ****s.

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SargeantMeatCurtains said:

Greedy, greedy ****s.

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SargeantMeatCurtains said:

Greedy, greedy ****s.

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thebenjamin said:

Presumably we can't pay off our debt in one go anyway

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fecka said:

Not surprising we want a similar price to what Boehly & co paid for Chelsea seeing our revenues and all the assets the club holds. We'll see what happens

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