Cain Hoy say 'No'.

[TheAmerican]

The return on investment would come from the value of the club/stadium increasing. They'd need to spend some cash to do that.

This is a mega company. They'd be looking for long term massive growth, not cutting the wage bill to make an extra 5m yearly.

They bought the dodgers for 2.5b and put a lot of cash into the team and made them one of the better teams in baseball quickly.

I had no clue that was them who was behind their rebuild. It's quite impressive, the amount of money they pitched in, that is.

http://en.wikipedia.org/wiki/History_of_the_Los_Angeles_Dodgers#Free_spending_under_Guggenheim


The Guggenheim group didn't waste any time upgrading the team's roster. In a departure from the McCourt years, the Dodgers started acquiring big contracts in trades. They traded for third baseman/shortstop Hanley Ramírez from the Miami Marlins, outfielder Shane Victorino from the Philadelphia Phillies and, in what was described as the "biggest August trade in MLB history" Adrian Gonzalez, Josh Beckett and Carl Crawford from the Boston Red Sox.[18] In their first season of ownership, the Dodgers new owners added $431 million in salary commitments.[19] Despite the efforts, the Dodgers missed the playoffs for the third straight year.

In the offseason the Dodgers went out and signed free agent starter Zack Greinke and Korean pitcher Hyun-jin Ryu to bolster their rotation. However, injuries to star players including Greinke, Ramírez and Matt Kemp got the team off to a slow start in 2013. On June 21 they were in last place in the division, 9 1/2 games behind the first place Arizona Diamondbacks. They turned things around in a hurry as players got healthy and Cuban defector Yasiel Puig joined the roster. The team went on a 46-10 run from June 22 through August 23 and moved past all the other teams in their division. On September 19 they clinched the division title, the earliest the team had ever clinched. The deficit they overcame was the largest in franchise history and they were just the fourth team in MLB history to win the division after being in last place on July 1. The team advanced to the 2013 National League Championship Series but lost in six games to the St. Louis Cardinals.

 

[Franchise60]

This would be a much better option than being taken over by some oil tycoon who may lose interest in 2 years.

Putting whether you want levy and lewis to sell aside, this seems like a very promising possibility when considering new ownership and what we'd want. The combination of guggenheim's might and ownership by a season ticket holder is appealing to me personally.

 

[Darth Vega]

The club statement doesn't clarify an awful lot. There are no 'ongoing discussions' because Cain Hoy haven't even decided to make a bid yet.

 

[LexingtonSpurs]

Again, I just don't see why an investment fund backed by Guggenheim NEEDS the publicity and is why I don't think this is a stunt. Anybody with enough cash to do business with Cain Hoy (which is really Guggenheim) will know who they are. So, again, I think their interest is real but I'm not convinced Lewis' interest to sell is real. He's not hurting for cash and everything he's done to this point makes me believe he's in this for the long haul.

Everyone needs publicity - within the Financial District everyone will now know who Cain Hoy are - before this announcement it would take awhile for word to spread about Cain Hoy, who they are, and who theri backers are. Now, one press release, and everyone who matters instantly knows who they are, who backs them, and that they are open for business. Hard to imagine a more effective PR department.

 

[lenmor]

They are backed, in part by Guggenheim, and the three executives, all are former executives at Guggenheim. These guys are for real, even if the bid may not be for real.

Actually Todd Boehly, one of the founders are currently President of Guggenheim Capital, so solid links to Guggenheim, also read somewhere else that many of the staff are previous Guggenheim employees.

 

[Mullers]

Arsenal started the process earlier than us(under Dein and before ENIC tookover us). Hence they have already have a stadium.

If we are able to pay bigger wages then the whole quality of the squad will improve, meaning we have more chance of playing champions league regularly.

They've qualified for the CL 16 years in a row, we've qualified the once, we're supposed to wait until the stadium is built in 5 years time before we qualify again? The likes of Chelsea, Arse, United, City, Liverpool aren't going to wait around. Bigger wages also doesn't necessary mean the squad will improve, they might be shite like Paulinho and Soldado have been.

 

[Teddy Klinsmann]

IMO just a publicity stunt. Arrive yesterday in UK. Leak a story about interest in a London Premier League football club. Very surprised if it is anything more than that.

 

[Mullers]

Sorry "millers" was due to iPad finger.

No they need to move the plan to next phase 'the stadium'

So it's taken them 14 years to finish phase one?

 

[Blake Griffin]

oh well, back to spending house money.

 

[Trees]

Lyall Thomas:

Cain Hoy actually began approaching#Tottenham shareholders last Nov/ Dec offering to buy for triple the share price #THFC

I think an offer for the club will be made by Cain Hoy. The offer I reckon will be inclusive of building the stadium. I do not think that ENIC have ever intended to build the stadium, but rather get us into a position to sell the club, with the stadium all ready to proceed.

The issue in a nutshell is whether ENIC are prepared to accept Cain Hoy's offer. I reckon if realistic ENIC (i.e. Levy / Lewis) will take it. I think we all know that the club is at a tipping point. With the present squad / size of ground, we are not going to get Champions League in the very near future. Do Levy / Lewis need the hassle of unhappy fans going forward ?

The ideal scenario for me, would be for added financial muscle. A new ground. Levy still involved.

 

[Trees]

this does not make sense - cain hoy started operations yesterday. And, since the shares are privately held, I can't imagine how anyone would determine what "triple the share price" would be.

I think what Lyall is trying to get at...... Price being offered is 3 times what ENIC paid in 2001.

 

[ohwhenthespurs]

Lyall Thomas:

Cain Hoy actually began approaching#Tottenham shareholders last Nov/ Dec offering to buy for triple the share price #THFC

What would be the point of that when ENIC own 85%. Sounds like a waste of money to me.

 

[SteveH]

They've qualified for the CL 16 years in a row, we've qualified the once, we're supposed to wait until the stadium is built in 5 years time before we qualify again? The likes of Chelsea, Arse, United, City, Liverpool aren't going to wait around. Bigger wages also doesn't necessary mean the squad will improve, they might be shite like Paulinho and Soldado have been.

Now you've got the basics of the problem at hand and it's not great is it?

But other that a mega rich new owner and all the problems that could cause, there are no quick fixes.

 

[Yorkville Spur]

How much of this is driven, if it's true JL wants to sell of course, by the inability of us to get the new stadium sorted out?

My guess is this has more to do with the Guggenheim folks wanting to buy into the PL than Lewis wanting to sell.

Everyone needs publicity - within the Financial District everyone will now know who Cain Hoy are - before this announcement it would take awhile for word to spread about Cain Hoy, who they are, and who theri backers are. Now, one press release, and everyone who matters instantly knows who they are, who backs them, and that they are open for business. Hard to imagine a more effective PR department.

I see your point of view, and you may be right, but these guys have walked the walk in the recent past and have access to an investment pool north of 30 billion USD. Feels legit to me. I see the most likely outcome is the club just doesn't want to sell despite a generous offer.

 

[nidge]

Reading the BBC article here and I was wondering about this bit.

Cain Hoy now have until 10 October to firm up their interest or withdraw it, in accordance with the City Code on Takeovers and Mergers.

I didn't think we were listed anymore so why would any interest need to be firmed up in accordance with City Code on Takeovers and Mergers?

 

[Francis Gibbs]

The club statement doesn't clarify an awful lot. There are no 'ongoing discussions' because Cain Hoy haven't even decided to make a bid yet.

yep and Lewis may still at this point be genuinely not interested in selling, but that will depend on the price offered if indeed CH even decide to bid ..... interesting though that CH have met with Spurs re investing but this has now moved on to considering/assessing an offer

 

[ilikeost]

Again, I just don't see why an investment fund backed by Guggenheim NEEDS the publicity and is why I don't think this is a stunt. Anybody with enough cash to do business with Cain Hoy (which is really Guggenheim) will know who they are. So, again, I think their interest is real but I'm not convinced Lewis' interest to sell is real. He's not hurting for cash and everything he's done to this point makes me believe he's in this for the long haul.

Lewis is 77, not much time left for that "long haul" you speak of.

 

[Mullers]

Now you've got the basics of the problem at hand and it's not great is it?

But other that a mega rich new owner and all the problems that could cause, there are no quick fixes.

There are quicker fixes like not sacking coaches that get you 4th and 5th place.

 

[JUSTINSIGNAL]

They've qualified for the CL 16 years in a row, we've qualified the once, we're supposed to wait until the stadium is built in 5 years time before we qualify again? The likes of Chelsea, Arse, United, City, Liverpool aren't going to wait around. Bigger wages also doesn't necessary mean the squad will improve, they might be shite like Paulinho and Soldado have been.

Arsenal were already way ahead of us before ENIC took control(They won the league during ENICs first season). If anything we have massively shortened the gap since they have been in control of the club. Recently only finishing 1-2 points behind them, with vastly inferior resources. If you don't acknowledge that progression then you really are ignorant.

Levy knows what we have to do to put us on a more competitve footing with those above us and he making moves to achieve that. So I really don't know what all this whining is about. The clubs above us might improve but as long as we're competitve and stay in the top 6 we will be stronger in the long term. And that's what ENIC have to consider - the LONG TERM.

You're comment about improving the squad is pretty pointless. By the same token the clubs above us might spend their money on players who aren't worth the wages so it won't move them any further ahead of us.

 

[Booney]

This explains a lot...

Must be Cain Hoy funding those pesky Archway lawyers as a way of keeping the share price down before they swoop in and buy the lot.

It's the only rational explanation. Practically.