What's new

Cain Hoy say 'No'.

THFCSPURS19

The Speaker of the Transfer Rumours Forum
Jan 6, 2013
37,886
130,485
http://www.telegraph.co.uk/sport/fo...mpany-as-Americans-eye-possible-takeover.html
Tottenham Hotspur targeted by private investment company as Americans eye possible takeover
Spurs claim they are not for sale, but have been subjected to a preliminary approach over potential buy-out

Tottenham Hotspur have received a preliminary approach from a private investment company, Cain Hoy, to buy the club on behalf of a group of American businessmen.

Led by its London-born and based head of European investment, Jonathan Goldstein, Cain Hoy is believed to have communicated its interest in launching a takeover bid for Spurs.

Tottenham have claimed they are not up for sale and that they are not in any formal takeover talks, but it is believed owner Joe Lewis values the club, together with the new stadium development, at just under £1 billion.

The exact number of investors and the names of the US group are being kept under wraps, but American entrepreneur and private equity investor Henry Silverman is chief executive of Cain Hoy.

Both 48-year-old Goldstein and 74-year-old Silverman are former employees of Guggenheim Partners. In his former role as vice-chairman of asset management at Guggenheim, Silverman helped to appoint Goldstein as head of real estate and direct investment in Europe in January.

Cain Hoy Enterprises was formed with the support of – and a minority, non-controlling investment from – Guggenheim. But Guggenheim is not behind the approach to buy Tottenham and both Goldstein and Silverman are understood to have left the company.

Although it is 77-year-old Lewis who owns Spurs, several sources have told Telegraph Sport that interested parties in a takeover are being informed they will have to deal with chairman Daniel Levy.

Lewis made a rare visit to White Hart Lane for the 3-0 defeat to Liverpool at the end of August and sat next to Levy in the stands.

Levy would be keen to stay on as part of any takeover, but executive director Darren Eales is leaving Spurs later this year to become club president of the new Major League Soccer Atlanta franchise.

It is not known how much Cain Hoy is willing to spend on Tottenham or whether it would be prepared to keep Levy on. But the fact the company focuses on global real estate, retail, media and entertainment highlights why it is interested in Spurs.

Despite a new legal challenge and delay, Tottenham remain confident that the club will move into a new 56,250 stadium in 2018. The latest wrangle with Archway Sheet Metal Works Ltd and the Josif family should be settled financially and is not thought to be an obstacle for any potential new owners.

Other than the stadium, Tottenham’s Northumberland Development Project plans include the redevelopment of the High Road, 275 new homes, a Sainsbury’s supermarket with parking and club offices above, a primary school, new offices for the Tottenham Foundation, a club megastore and museum, and a university technical college.

US investors have been drawn to the Premier League in increasing numbers over recent years and growing interest in America was highlighted by NBC Universal’s £157 million television rights deal, which started last season.

During its first season of screening the Premier League, NBC made all 380 games available. Highlights were shown and matches were previewed on Sundays during live coverage of the NFL.

A takeover would be welcomed by a large number of Tottenham fans, who have grown frustrated with Levy’s football decisions and negotiations, and the delays to the new stadium.
 

nedley

John Duncan's Love Child
Jul 28, 2006
13,942
28,069
If you'd of told me it was a Law piece I wouldn't had bothered reading.

Thanks anyway.
 

matthew.absurdum

Well-Known Member
Aug 31, 2012
3,732
10,120
I don't think all american are as bad as Glazer. John W Henry has done a great job for Liverpool, as well as those American owners in Roma.
 

0-Tibsy-0

Well-Known Member
Aug 13, 2012
11,201
43,791
Hey, Lewis/Levy don't look half bad compared with that proposition do they..?

They've made mistakes, obviously. But I think many don't appreciate the job our owners have done and the security they have given the Club both financially and footballing wise.

Maybe the end of the road will come soon for Joe and Dan, but blimey there are a lot of options out there in regards to ownership that wouldn't leave me clamoring for 'Enic' out
 

yojambo

Well-Known Member
Jun 13, 2012
3,199
9,324
I worry about the intentions behind any takeover. Dont want a quick fix of a cash injection, would rather long term sustainability. We're on to a good thing with the youth players coming through our squad, lets keep going down that road.
 

LexingtonSpurs

Well-Known Member
Aug 27, 2013
13,456
39,042
Investment bank takeover would be bloody awful. Really anything short of a single majority owner who wants nothing more than to collect trophies is going to be a step down from ENIC.

I wonder if Levy could cobble together enough money to lead a buyout...
 

Casparian

Living in a Lillywhite Dreamland.
Jul 13, 2008
2,142
4,247
Nothing to do with them being American,unless I read the article wrong.The way I read it was in summary a swap for Uncle Joe and Levy (Spurs fan and proven) for an unknown and unproven new uncle and his protege with a similar investment company background only the two named people don't have what Levy and Lewis have and i don't mean the experience, i'm talking about the backing of the big company (Tavistock) in the above article the big overall daddy company is the Guggenheim partners.That and for the last two lines alone the writer can piss off,Newsflash an even larger number of the fanbase are happy with Levy thank's and no I won't engage in any Levy debate either nor do I intend to go off track on this thread.
 

0-Tibsy-0

Well-Known Member
Aug 13, 2012
11,201
43,791
I worry about the intentions behind any takeover. Dont want a quick fix of a cash injection, would rather long term sustainability. We're on to a good thing with the youth players coming through our squad, lets keep going down that road.

Basically Aulas and Lyon in the mid 2000's. It's probably exactly what Levy wants to create. But in the current climate of the super rich Clubs, having success based on this method in the Prem will be immensely difficult- But it would be the most fulfilling way to win .
 

RuskyM

Well-Known Member
Jul 9, 2011
6,921
22,735
I don't think all american are as bad as Glazer. John W Henry has done a great job for Liverpool, as well as those American owners in Roma.

John Henry's from a different breed, he's a man who has a passion for the sports as well as a deep understanding of the financial obligations & risks that would come with getting to the top. Really am envious that Liverpool have him.
 

St José Dominguez

Well-Known Member
Jul 15, 2014
3,592
11,648
All those wanting Enic and levy out this is the type of ownership we're looking at. Could work out, could be Glazer mark 2, no one knows.
This idea of a rich Russian/Arab takeover who'll buy us the league is a fantasy these days. We can only spend what like £50m above what we earn, that doesn't buy you the league, probably wouldn't even guarantee us top 4.
 

Amo

Well-Known Member
Aug 22, 2013
15,795
31,480
Investment bank takeover would be bloody awful. Really anything short of a single majority owner who wants nothing more than to collect trophies is going to be a step down from ENIC.

I wonder if Levy could cobble together enough money to lead a buyout...

Even that would be a step down.
 

Wick3d

Well-Known Member
Aug 31, 2012
5,477
11,593
These stories have come and gone throughout the years. I refuse to believe them unless an official announcement is made by the club itself.
 

RuskyM

Well-Known Member
Jul 9, 2011
6,921
22,735
All those wanting Enic and levy out this is the type of ownership we're looking at. Could work out, could be Glazer mark 2, no one knows.
This idea of a rich Russian/Arab takeover who'll buy us the league is a fantasy these days. We can only spend what like £50m above what we earn, that doesn't buy you the league, probably wouldn't even guarantee us top 4.

We probably won't be taken over by an oil-rich tycoon (and looking at Monaco/Malaga, thank christ), so it'll be someone like this if ENIC are to sell at all. Which would either go well (FSG), exactly the same as it's currently going or negatively.

A takeover could go wrong in a million ways and right in a few, and the people seemingly happy to see the fatigued devil we know in ENIC possibly wanting to sell up are not seeing the bigger picture or weighing up how badly this could go.
 

Gringospur

Well-Known Member
Aug 31, 2012
373
534
I know it's a bit boring to say patience is a virtue and all that with ENIC.
I'm worried about the unknowns with a take over. Sure, dream scenario we spend loads, win the championship blah blah, but there are more scenarios than that one. And they ain't all good.
 

fortworthspur

Well-Known Member
Nov 12, 2007
11,244
17,536
it says they will have to negotiate with Levy, not Lewis, so we know it will never happen.

seriously, though, it could. If they can get what they think its worth it would be a tremendous return on their investment.
 
Top