Club Statement 12 September 2014 - 14:30

[millsey]

W

Go on Dragons Den and ask for £1Billion for 100% of a company with a turnover of about £140Million,and see where that gets you.

with a profit line of about 3 million I think!

 

[millsey]

Surely Enic make heaps more money selling a London club with a near 60k stadium built, and if we can make the champs league when that happens, yet more zeros added to the price. Right now we are a 6th place club with planning permission and a 32k stadium

 

[Dan Yeats]

We should insist thaey rename themselves Harry Kane Hoy at the least.

 

[spud]

Because Spurs have been listed on the stock exchange within the last 10 years, Cain Hoy was obliged to notify the City of its preliminary discussions. Under London Stock Exchange rules, it has until 5pm on 10 October to either announce its intention to make a firm offer for the club or announce it does not intend to table a bid.

I will admit to being ignorant of Stock Exchange rules, but this sounds like total bollocks to me. The rules exist to protect the interests of shareholders of listed companies. That's the shareholders of companies currently listed on the Exchange. Spurs de-listed some time ago and the argument that because the club was once listed means that it is still subject to the rules several years later seems farcical.

Then there is the stated deadline. Where does it come from? Is it a certain number of days since the Cain Hoy announcement? What if there had been no announcement? Would there be no deadline?

I'm happy to be corrected on this - by somebody who knows rather than guesses - but until then I simply don't believe it.

 

[elfy]

This is pure speculation and guess work on my behalf, but I can see a logic here:

I had heard a while ago that we were looking for the new stadium to be used for more than just the odd football match.

Add the much mooted NFL London franchise and I can see a logical scenario here:

American sports company buy THFC, build a new stadium and then set up an NFL London franchise. The reported figures then make sense £1billion for the club, £500 million for the stadium build - then you are looking at £1.5billion for the purchase of a very lucrative NFL franchise (that also happens to have a Premier league football team as well)

We have been talked about in the past as a possible location for a new NFL franchise and with this link it's possible it is more than speculation.

If a London franchise were to be established I can't see Wembley as viable for the long term commitment needed to host the amount of games and I can see that option being expensive.

Our new stadium could have the necessary design changes made prior to the build to accommodate American Football games - as opposed to somewhere like the Emirates that (I would assume) would require amendments made.

Pure and utter conjecture obviously.

 

[Greenspur]

I wonder what the "Not for release. ... blah, blah" bit at the beginning means. Could it be that, in somewhere like the USA, it is not legal to deny takeover talks, if they are really happening?

I have no idea, but just thought that first statement was weird.

 

[Lilbaz]

I will admit to being ignorant of Stock Exchange rules, but this sounds like total bollocks to me. The rules exist to protect the interests of shareholders of listed companies. That's the shareholders of companies currently listed on the Exchange. Spurs de-listed some time ago and the argument that because the club was once listed means that it is still subject to the rules several years later seems farcical.

Then there is the stated deadline. Where does it come from? Is it a certain number of days since the Cain Hoy announcement? What if there had been no announcement? Would there be no deadline?

I'm happy to be corrected on this - by somebody who knows rather than guesses - but until then I simply don't believe it.

It's due to British Law (monopolies and mergers comes into it I think). I don't know much about it, but it is being reported by the Financial Ties, Washington Journal, Guardian and Telegraph. So I don't think they've just made it up.

 

[bobby soldier]

I will admit to being ignorant of Stock Exchange rules, but this sounds like total bollocks to me. The rules exist to protect the interests of shareholders of listed companies. That's the shareholders of companies currently listed on the Exchange. Spurs de-listed some time ago and the argument that because the club was once listed means that it is still subject to the rules several years later seems farcical.

Then there is the stated deadline. Where does it come from? Is it a certain number of days since the Cain Hoy announcement? What if there had been no announcement? Would there be no deadline?

I'm happy to be corrected on this - by somebody who knows rather than guesses - but until then I simply don't believe it.[/qu


For 10 years after a company is delisted it has to comply with the takeover code. More or less - there are exceptions but essentially any serious rumour needs to be formally replied to. Yes there are timescales mandated by the rules so expect to see more announcements. It doesn't mean anything in terms of spurs looking to sell, it just means someone leaked some info although obviously there may be a bid. I do this sort of thing for a living - am not guessing.

 

[TutanKlinsmann]

Hmmmmmm...... Hmmmmmm

The club state "Bale will not be sold", Bale is sold.

The club state "We are not in discussions to sell",....... I'm not so sure.

Levy playing hardball as usual. Trying to up the selling price?