Tottenham Takeover Talk
- Thread starter Bluto Blutarsky
- Start date
fecka
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- Jun 24, 2013
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Chelsea, on the other hand, have almost no assets in the form of real estate, etc while THFC holds something close to 2 bn in real estate and infrastructure alone and a brand new state-of-the-art stadium while Chelsea is stuck at Stamford Bridge with 40k seats for the foreseeable future.
Also, remember that a first bid will always be lower so there are bound to be negotiations and meeting somewhere closer to the middle.
Ravenyonaz
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- Jan 27, 2011
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If the bid is £3.1 billion and overtaking the long term loans, then the valuation is pretty close to the valuation of the club.
JonnySpurs
SC Veteran
- Jun 4, 2004
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As a Suns fan for the last 30 odd years, this is spot on. Robert Sarver was the previous owner and was an absolute tool. Hated by the fan base. I wasn't actually aware that Najafi was still part owner. I thought Matt Ishbia had bought us outright. Either way, this all feels more legit than any other similar story we've seen in recent years.
wiggo24
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- Jan 5, 2013
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I agree it's high but TBF people need to stop looking at this form a footballing perspective. Chelsea own fuck all except a stadium which needs upgrading and quite a shabby training base in Cobham. We've got state of the art stadium and training facilities, plus a bunch of hotels/apartments etc. Our portfolio of assets is incomparable, and that's what the investors will be focusing on - not how many trophies we've won (or failed to win).
9th highest revenues in the world without a stadium sponsor (which a new owner could pick and choose). I'm not surprised that the club are valuing us at 4bn or so.
Russ1201
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- Aug 8, 2019
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Here we go again... I smell more Bellshill. Think we be lumbered with ENIC for years to come sadly.
AssaTM
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- Aug 25, 2011
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Based on what knowledge?
King of the Lane
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- Dec 3, 2010
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FFS I had just learned the Iranian national anthem as well
Russ1201
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No knowledge just my opinion is that ok?
shelfsidespur
Active Member
- Feb 28, 2006
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Not sure it is necessary for the emotive language but the underlying message I get from this is wait and see, then read the details before commenting and I would strongly agree. The devil will be in the detail. Despite the views of many on here DL is no fool, not by any means.There is a lot more detail required before one can make an informed decision. My gut reaction is that if the deal encompasses the the development activities adjacent to the stadium the price is too low, using Chelsea as a yardstick. Their stadium is limited in its expansion capabilities. Ours -say no more! COYS!
mil1lion
This is the place to be
- May 7, 2004
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If they spend 3bn and cover the debts on top it's not far off the 4bn though is it?
Timberwolf
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- Jan 17, 2008
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Cue ENIC valuing us at 20 billion quid and Levy mooning the MSP representatives through the window of his palatial office at the training ground when they show up to negotiate.
nailsy
SC Supporter
- Jul 24, 2005
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Are we talking gravel in their socks, or bricks in their pillows?
THFCSPURS19
The Speaker of the Transfer Rumours Forum
- Jan 6, 2013
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Tottenham chairman Daniel Levy values club at more than £3.5bn amid takeover talk
Reports claim Iranian-American billionaire Jahm Najafi is lining up a bid
www.telegraph.co.uk
Spurs chairman Daniel Levy values over £3.5bn amid takeover talk
Reports claim Iranian-American billionaire Jahm Najafi is lining up bid for the clubTottenham Hotspur insist they have not received an approach from Iranian-American billionaire Jahm Najafi, who is reported to be lining up a £3.1 billion bid for the club.
The Financial Times have reported that Najafi, who is the chair of MSP Sports Capital and has held talks over investing in Everton, will bid for Spurs with a consortium of backers.
Telegraph Sport understands that a bid in the region of £3.1 billion would likely fall short of chairman Daniel Levy’s valuation of the club, with sources claiming he rejected a £2.9 billion offer from a different American businessman last year.
It is believed that Levy values Spurs at upwards of £3.5 billion and, while not commenting publicly, insiders are adamant that Najafi and his partners have so far not approached the club about the prospect of a sale.
It is claimed, however, that Najafi and members of his consortium are already known to Levy, with sources convinced that Levy would want to retain his position, at least in the short-term, as part of any takeover.
Telegraph Sport has been told that talks between Everton and MSP have slowed down over the past fortnight, but it is unclear whether or not that is related to reported interest in Tottenham.
Intriguingly, Najafi’s partner at MSP, Jeff Moorad, held talks with Levy in 2015 about investing in Tottenham. Moorad made his name during the 1980s and is said to have been partially responsible for inspiring the character Jerry Maguire, famously played by Tom Cruise in the Hollywood movie.
According to the Financial Times, The Najafi and MSP-led offer would value the club’s equity at approximately £2.5 billion before adding about £620 million of debt on the club’s books.
It is reported that the bid would be structured so that MSP and its partners would put forward 70 per cent of the purchase price, while backers from the Gulf, mainly from Abu Dhabi, would contribute the remaining 30 per cent.
Tottenham is owned by ENIC, who bought their first 26 per cent share into the club in 2000 for £21.9 million, and run by Levy.
Mouse!
Fookin' Legend in Gin Alley
- Aug 29, 2011
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fecka
Well-Known Member
- Jun 24, 2013
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The £3.1bn is with the stadium debts covered, the original article stating 3.75bn was in USD so if accurate they're essentially 1 bn or something off atm.
If Najafi and the consortium get to around £4bn or slightly over I'd be surprised if Enic wouldn't sell.
Darth Vega
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- Jul 28, 2013
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About the most horrifying words you could hear: "with sources convinced that Levy would want to retain his position, at least in the short-term, as part of any takeover"
JonnySpurs
SC Veteran
- Jun 4, 2004
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Agree with this, one thing I would say is that I believe Matt Ishbia, new majority owner, was the driving force behind the Kevin Durant trade and I'm not sure that Najafi had anything to do with it. Sarver was essentially blocking a lot of big trades previously because he was a tight fisted, cretin of a man that didn't care enough about the success of the team. Ishbia swooped in and on his first day as owner, rubber stamped a trade that cost 400m to pull off, or something like that. What Spurs need is an owner like Ishbia, who understands what it is to back a team and actually want to see them be successful in a sporting sense, as well as profitable in a business sense.
As much as Abramovich is/was a dodgy fucker, it cant be denied that he wanted Chelsea to be successful on the pitch and did everything necessary to make that happen. Let's not forget that he nearly purchased Spurs before Chelsea and I've no doubts that, had he done so, we'd have seen similar on-field success as they have.
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