Stuart Leathercock
Well-Known Member
- Jul 20, 2021
- 522
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It's via bonds with average maturities of 20 years but you're close enough for this place....
Boehly and co paid £2.5b for Chelsea.
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Tottenham Takeover Talk
- Thread starter Bluto Blutarsky
- Start date
offside_ruel_fox
Well-Known Member
- Jul 27, 2010
- 852
- 3,191
Please tell me someone has said….
? Stump up the Jahm ?
? Stump up the Jahm ?
tobi
Clear Eyes, Full Hearts, Can't Lose
- Jun 10, 2003
- 17,608
- 11,814
The Suns aren't a small market team, Phoenix has always been an attractive market/place to be, the problem was that stupid Idiot Sarver, he was holding everything back. That mofo will not be missed.
I agree with everything else.
Chimbo!
Well-Known Member
- Jan 7, 2007
- 3,607
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This latest takeover offer is potentially bad news.
Private equity investments are often short-term and follow a set pattern; pump and squeeze. They pump money in at first - like Chelsea are doing right now - to boost revenues. Then they squeeze the company hard, cutting costs left, right and centre to improve profit margins and make the company attractive to new buyers, who are often private equity firms. Then they sell and the whole process starts again. Many businesses have been hollowed out by this model because the goal is ONLY to make money for investors, often over a period of 5 years. There’s no long-term thinking, no emotional attachment, and no care for community.
We should think long and hard before supporting something like this. This potential deal could be the end of Spurs as we know it.
I, for one, appreciate everything Levy and ENIC have done in the last 20 years. I don’t agree with everything they did, but they cared about the club and ran it appropriately. They proved to be decent people.
Private equity investments are often short-term and follow a set pattern; pump and squeeze. They pump money in at first - like Chelsea are doing right now - to boost revenues. Then they squeeze the company hard, cutting costs left, right and centre to improve profit margins and make the company attractive to new buyers, who are often private equity firms. Then they sell and the whole process starts again. Many businesses have been hollowed out by this model because the goal is ONLY to make money for investors, often over a period of 5 years. There’s no long-term thinking, no emotional attachment, and no care for community.
We should think long and hard before supporting something like this. This potential deal could be the end of Spurs as we know it.
I, for one, appreciate everything Levy and ENIC have done in the last 20 years. I don’t agree with everything they did, but they cared about the club and ran it appropriately. They proved to be decent people.
snakehipsspurs
Well-Known Member
- Aug 30, 2017
- 2,225
- 15,688
Sick of this prick wanting to hang onto control. Stay on as a minority investor, sure thing. Sit in the box and watch the games. But stop thinking you are Tottenham and the club couldn’t run without you. Fuck off!
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 bidwww.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 club
Tottenham 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.
JonnySpurs
SC Veteran
- Jun 4, 2004
- 5,346
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Here was me thinking I was the only Suns and Tottenham fan that existed. Nobody else can be as happy to be a tortured fan as me, surely?
PaulThurston
Well-Known Member
- Sep 30, 2020
- 1,486
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No, don't besmirch the pillows. The club's reputation would be in the dirt...
homer hotspur
Well-Known Member
- Dec 7, 2014
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I always wonder what these Middle Eastern investors would think about the whole 'Y word etc ' obsession/history of the fanbase. It surely wouldn't sit easy with them?
Ribble
Well-Known Member
- Apr 13, 2011
- 3,531
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Didn't one of the ITKs say Levy was working on a deal to buy Lewis out? I wonder if this is connected and he'd be part of the consortium directly.
Stuart Leathercock
Well-Known Member
- Jul 20, 2021
- 522
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Quite a shabby training base in Cobham? That isn't true at all. Their training ground is very good.
Chelsea also have higher revenues overall than we do. We clearly have the edge on Chelsea for match day revenue. Chelsea clearly have the edge on us for Commercial revenue.
The valuations of THFC and Chelsea should be broadly similar.
wrd
Well-Known Member
- Aug 22, 2014
- 13,603
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Really great post, think we argue over the long wrong issues on here consistently and you just crystallised exactly what we should be concerned with when it comes to ownership.
Joe Bjorn Hotspur
Well-Known Member
- Jan 16, 2023
- 752
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? We're jammin', jammin',
And I hope you like jammin', too ?
chas vs dave
Well-Known Member
- Jul 17, 2008
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tobi
Clear Eyes, Full Hearts, Can't Lose
- Jun 10, 2003
- 17,608
- 11,814
I've been a Suns fan since the Seven Seconds or Less era (Joe Johnson's last season or two), Steve Nash was my favourite player.
Book is now No.1 in my heart.
SargeantMeatCurtains
Your least favourite poster
- Jan 5, 2013
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Going to play devil’s advocate slightly and ask: would Levy be that bad if he was propped up by a considerable amount of money behind him? That’s purely hypothetical so please don’t come at me with the pitchforks and torches…
If he stays away from the football side of things and handles our commercial business, keeps us in check with FFP being mindful of the significant changes coming from 2025, I don’t think it would be a disaster…but what do I know?
Bluto Blutarsky
Well-Known Member
- Mar 4, 2021
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- Thread starter
- #2,816
Yeah - this could get really ugly, if it looks like ENIC/Levy/Lewis are just getting greedy.
I don't begrudge anyone an opportunity to make a few quid, but in this environment, its going to be a tough sell to most supporters, I think.
sidford
Well-Known Member
- Oct 20, 2003
- 11,432
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So their talks with Everton were leaked and now potential bid for spurs is also leaked.
People who are serious about purchasing something for several billion tend not to leak things to the press which could potentially piss off the sellers and also alert other potential bidders.
People who are serious about purchasing something for several billion tend not to leak things to the press which could potentially piss off the sellers and also alert other potential bidders.
fecka
Well-Known Member
- Jun 24, 2013
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Yes, but there are a number of factors as to why and just looking at the 2.5bn alone is likely insufficient.
THFC allegedly has assets amounting to almost 2bn in the form of real estate and infrastructure while Chelsea barely have any at all, with both clubs having similar revenues.
To get the sale through Boehly also had to commit to another 1.75bn in investment into the club over the next few years bringing that number up to 4.25bn.
My completely uneducated guess would be that a 3.4-3.5bn evaluation of the club and covering the 610m net debt on top of that would be enough to get ENIC to sell. It remains to see if the buyers still want to play.
Darth Vega
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- Jul 28, 2013
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I agree, I think the concern is what his role would entail. If you told me now he'd step aside from the footballing side of things and just run the commercial stuff then I wouldn't want new owners because we make enough money already. If, however, he retained control of footballing operations and was ultimately in charge of appointing managers, DoFs and negotiating transfers then all the money in the world wouldn't make a difference.
felmani26
SC Supporter
- Jan 1, 2008
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But he refuses to stay away from meddling in the football side of things - be it on failed pursuit of players or poorly thought out managerial appointments.
I think it's imperative if a takeover was to happen that we have a clean slate at board level and that Levy, Cullen, Collecott et al are removed.
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