Tottenham Takeover Talk

[TOLBINY]

Levy won't want to let go - he has spent 20+ years doing all the hard stuff regarding the infrastructure so he will want to hang around to (hopefully) see the glory on the pitch.

 

[Stuart Leathercock]

Wrong. Our matchday revenue AND commercial revenue were both higher than Chelsea. Their overall revenue was only higher due to being in the CL for that season while we were in the Conference league.

Our base revenues are now higher than Chelsea. On an even footing (ie. both in CL or both not), we have higher revenue than them.

We also have a £1 billion plus asset, our brand new stadium.

Apologies. You are correct I see that our commercial revenue just jumped ahead of Chelsea in the most recent accounts.(£182m to £177m).

One thing that people aren't considering in the valuations is prestige value. This is where our brand is lacking compared to the other members of the big 6.

 

[JonnySpurs]

Surely as Spurs fans there's only one NBA franchise you could possibly be allowed to support...

The funny part is that I absolutely loathe the San Antonio Spurs. They were a bitter rival of the Suns for a long time. Less so these days as the Spurs are finally a bit crap.

I picked my American sports teams due to a particular player. It was Barkley that drew me to the Suns and Reggie Bush/Drew Brees that drew me to the Saints (NFL).

 

[chas vs dave]

Levy won't want to let go - he has spent 20+ years doing all the hard stuff regarding the infrastructure so he will want to hang around to (hopefully) see the glory on the pitch.

If he was desperate to see glory, then he'd have to push the boat out. He's too risk adverse for that

 

[DenverSpur]

You do understand that this deal means we pay, as a club, about £250m to Levy and £500m to Lewis? And in return get a change to a consortium who are also explicitly about making a profit?

My personal preference is Levy stops having anything to do with football operations, but this really is not a worthwhile trade-off at all.

This is the self centered nativity of football fans who believe someone should buy their club for millions or billions but not make a profit from their investment. They’re businessmen not charities.

 

[SirHarryHotspur]

Sorry I assumed you actually read the financials. The club hold those interests, not ENIC. And, having "planning permission" does hold value - as it firms up the ability to actually realize the monetary value of development, rather than an intangible concept of development.

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Know nothing about company finances and how it all works but checked out the accounts of three of the companies listed above, assume rest are the same, the ones checked were Stardare , THFC Women and THFC Stadium, in each accounts it has a section that begins "The ultimate controlling party is ENIC Sports & Development Holdings Limited , 303 Shirley St , Nassau"
Just wonder if ENIC would sell the lot or certain sections of the club.

PS All ENIC haters off to the Bahamas and parade up and down outside 303 Shirley St with your protest banners.

 

[fecka]

Levy won't want to let go - he has spent 20+ years doing all the hard stuff regarding the infrastructure so he will want to hang around to (hopefully) see the glory on the pitch.

Having him as a commercial- or property director could be a great move, keeping him long-term as a chairman would be less enthusiastic. A short handover period is fairly normal from what I know though

 

[Marty]

The funny part is that I absolutely loathe the San Antonio Spurs. They were a bitter rival of the Suns for a long time. Less so these days as the Spurs are finally a bit crap.

I picked my American sports teams due to a particular player. It was Barkley that drew me to the Suns and Reggie Bush/Drew Brees that drew me to the Saints (NFL).

As I'm not even remotely US based I chose Spurs for the name, and stayed with them because of Tim Duncan. The fact that they were successful didn't even enter my mind.

 

[SandroClegane]

Kind of offensive that Najafi is being compared to the State-led bids like Qatar and Abu Dhabi when he is a successful businessman and investor and not backed by a government.

His nationality really doesn't mean much in this situation. Seems like it's not dirty money and that he's been successful in his ownership stakes of other teams. I'd welcome this and think it would be an ideal situation comparatively.

 

[JonnySpurs]

As I'm not even remotely US based I chose Spurs for the name, and stayed with them because of Tim Duncan. The fact that they were successful didn't even enter my mind.

That's fair, I'm pretty sure I didnt even know they existed when I first picked the Suns and once I'm in, there is no wavering on my part so I couldn't have changed anyway.

Also, please forgive me for calling your NBA team a bit crap

 

[Stuart Leathercock]

Know nothing about company finances and how it all works but checked out the accounts of three of the companies listed above, assume rest are the same, i.e Stardare , THFC Women and THFC Stadium, in each accounts it has a section that begins "The ultimate controlling party is ENIC Sports & Development Holdings Limited , 303 Shirley St , Nassau"
Just wonder if ENIC would sell the lot or certain sections of the club.

PS All ENIC haters off to the Bahamas and parade up and down outside 303 Shirley St with your protest banners.

I think we'd have to take a look at the assets owned by each of those entities before deciding that they are all loaded with development opportunities anyway. While the stadium was being constructed a lot of the properties surrounding the stadium were sold to companies that are not part of THFC at 'fair value' prior to any planning gain. We do know that Levy doesn't think it is viable to develop the hotel and properties on the South podium at present, so the value of that potentially developable land probably isn't huge.

 

[JW72]

Sorry for my ignorance, but who is BEN on ftl?

ITK from another forum. Hangs around in trees at the training ground...

 

[Ghost Hardware]

BEN is saying 'not true' over on ftl, dont know how itk he would be on this

Appreciate the info as always but I’m not sure how he would know as there hasn’t actually been a bid yet.

 

[Marty]

That's fair, I'm pretty sure I didnt even know they existed when I first picked the Suns and once I'm in, there is no wavering on my part so I couldn't have changed anyway.

Also, please forgive me for calling your NBA team a bit crap

The only reason I think the US closed shop franchise system works as a concept is that all teams will at some point go through spells where they are a bit crap and need to rebuild. Spurs had a better run at the top than most, now it's their turn.

 

[cookiemonster]

So the greedy Enic want £4.5 billion

Hope this Iranian chap bid £3 billion + josh onomah

 

[Harrier]

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

Especially when you consider the quality of our stadium and training ground against others.

 

[felmani26]

Appreciate the info as always but I’m not sure how he would know as there hasn’t actually been a bid yet.

I can imagine BEN is like Jim White;

"I've just had a text from my good friend Jahm Najafi who's told me it's a load of bollocks mate"

 

[GMI]

Appreciate the info as always but I’m not sure how he would know as there hasn’t actually been a bid yet.

I suppose he may have itk based on what the club are saying/briefing which is the standard denial.

 

[citizenG100]

This deserves far more funny ratings

 

[mil1lion]

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.

Isn't Steve Nash a Spurs fan too? I wonder if he would be involved in part investment. No idea if that makes sense but its an interesting link to the Suns.