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Daily Mirror- Joe Lewis will sell the club....if he gets £1BILLION.

mrlilywhite

Well-Known Member
Sep 1, 2008
3,174
4,992
if we all chip in with loose change we could do this come on lads dig deep

part of me wants this so we can complete with the top teams, but then we have a soul and that soul is beautiful I don't want it to be sold off.

I think a lot of you are being a little too eager here! Why does anybody think Lewis will sell now? By selling now his profits will not be no where near as much as he would get if he sold the club with a new stadium. Lewis did not buy into the club to not maximise his profit margins. The end game was always to sell out with a new stadium and that is where the £1b figure comes in. It is not rocket science to see that no one would buy the club in it's current state of unfilled promise and current value for that much.
 

mrlilywhite

Well-Known Member
Sep 1, 2008
3,174
4,992
Pitty. It was a good joke.


These figures are taken from forbes, and are in USD, not in GBP. Ie. 514M USD. I think they are underestimating a fair bit. Looking at the balance sheet of Spurs, the value of the playing staff is set at 73M pounds. The actual market value is believed to be more than 3 times as much.
Quite right, my mistake. The club is worth £316m then, but couple that with the proposed stadium at reported £400m and already you have a worth of £716 plus other revenue streams.
 

newbie

Well-Known Member
Jul 16, 2004
6,051
6,342
I really think it would be sad for us and football if we were brought out by the next oil billionaire, we have spent 10-12 years building our youth academy and if it was not for Chelsea, man city we would be champs league regulars and from there who knows the best thing for football in my opinion would be real finical fair play and teams actually having to produce youth players, I know you can argue the fairy tale of Chelsea and man city but they were poorly run clubs till there oligarchs took over. It's sad that if any other biz was run like a lot of Premier league football clubs the inland rev would have something to say. The problem is as clubs can loose so much money or be run by a billionaire at a massive loss players wages and transfer fees are inflated.


I know I am off topic, so re the article I would like to enic to stay. Don't go Joe better the devil you know.
 

JUSTINSIGNAL

Well-Known Member
Jul 10, 2008
15,980
48,498
Us being for sale for 1 billion basically means we're not for sale, right? Well, not until we've built a new stadium and can fully justify demanding that kind of outlay.

Considering we're owned by an investment company we've always been for sale for the right offer. It's just has to be an offer gives ENIC the maximum return possible on their investment. I really don't see that offer being forthcoming until the stadium is completed.
 

mrlilywhite

Well-Known Member
Sep 1, 2008
3,174
4,992
But the team is generally average and getting worse and, believe it or not, it's still the most important thing about the football club. Given ambition of 'rivals', they may have calculated that to arrest sporting decline would cost so much that they need to sell sooner. With the current trend by the time the ground is built the team will be so far off the top

Not really true though is it? We will still generally be where we are now, A top 6 club and no more. Our rivals already are not City, Utd, Arse, Chelsea and Liverpool. Realistically they are the clubs chasing us for the top 6 spot who are our rivals. We can't and will not compete with clubs that have more money than us on a regular basis as things stand....That has not changed. There is no sporting decline to take into consideration in that regard. What ENIC care about is not the on pitch success so much, but maintaining a healthy balance of both future profit and sustainability, of which they are achieving. Their success on the pitch is keeping us where we are now, anything above and beyond that is a bonus. Tottenham Hotspur as a football club, has concerns about success on a pitch, and part of that club has the fans at the very core of it, which demand it. ENIC and Spurs are two different entities, with very different goals.
 

whitesocks

The past means nothing. This is a message for life
Jan 16, 2014
4,652
5,738
That is not an price anyone will buy at soon.
I suspect Lewis and Levy are inflating the price so they can borrow against it.
 

fedupyid

Well-Known Member
Dec 2, 2004
789
906
The club is worth about 450 million that is the max anyone will even dream about paying for it United went for £800million and they are one of the largest clubs in the world.
 

Everlasting Seconds

Well-Known Member
Jan 9, 2014
14,914
26,616
The club is worth about 450 million that is the max anyone will even dream about paying for it United went for £800million and they are one of the largest clubs in the world.
United is already years ago, though. The money in football really has exploded since then, heck only over the last couple of years.
 

mrlilywhite

Well-Known Member
Sep 1, 2008
3,174
4,992
The club is worth about 450 million that is the max anyone will even dream about paying for it United went for £800million and they are one of the largest clubs in the world.

That was nearly a decade ago mate! Let's be honest here the article does not suggest that it will be sold now, it does though suggest that it would be put up for £1bn once the stadium is built, hence quoting the article "But it is felt any takers would benefit from the increased revenue generated by the 56,000-seater venue, income from naming rights and TV cash."

http://www.mirror.co.uk/sport/football/news/tottenham-up-sale-owner-joe-4197493#ixzz3Czu649yQ
Follow us: @DailyMirror on Twitter | DailyMirror on Facebook
 

sloth

Well-Known Member
Mar 7, 2005
9,018
6,900
Stop the press: The club is for sale!!!

We've known this from day one, the clue is in the name: The English National Investment Company. They bought us because they thought they could add value and then sell us for a multiple of that purchase price. The value they put on us will depend on so many factors that it's not worth trying to list them in any detail. However, roughly speaking, the asset value of the business is probably in the region of £200m at the moment, and some of the liabilities will be to Lewis which means they'll also be wrapped in to the sale price perhaps making it seem inflated.

In addition to this the author of this article is not known for his financial wizardry and so it's entirely possible that he's adding the value of the debt the club will hold i.e. what's accrued from building the £400m stadium, to the sale price. In which case the buyer will be taking on £500m of debt, plus £200m of assets, meaning Levy and Lewis are looking for £300m on top of that and with a turnover projected to be above £200m in the near future, even without CL football, then that doesn't seem too extreme.

Finally you have to consider the profile of the buyer; why do wealthy foreigners typically purchase PL clubs? They can do so as an investment: ENIC, Fenway, Glazers, Ashley. They can do so in order to get huge nominal wealth held in poorly regulated parts of the world into safer, better regulated parts of the world, in doing so they're willing to take a hit on their theoretical wealth to convert it into something secure: Shinawatra, Abramovich. They can do so as a vanity project / PR vehicle / wealth diversification vehicle: Qatar Sovereign Wealth fund, Sheik Mansur.

There of course can be a lot of over-lap between all three, and it's rare that an investor will be exclusively of one type.

Anyway, no doubt ENIC will be looking to sell to a buyer who's largely of the latter two types, and as such their valuation will reflect this.
 

Lilbaz

Just call me Baz
Apr 1, 2005
41,363
74,893
Intrestingly the only football club in the world (including Real/Barca) that has fixed assets worth over £500m is Arsenal. If we get our stadium built we'd be the second. (according to UEFA's audit forr FFP).
 

Gassin's finest

C'est diabolique
May 12, 2010
37,341
87,796
That price simply says that they're not ready to sell yet unless for silly money. They're speculating that with a new large capacity stadium, and their persisting success with buying (relatively)cheap and selling big, that by 2020 the club is going to be worth roughly double it is now. So it would take a bid of just a bit more than that projected growth for them to consider selling up now, so as not to miss out on their target.
 

JerryGarcia

Dark star crashes...
May 18, 2006
8,694
16,026
What owners would you prefer? Porn men or Indian chicken men. (West Ham/Blackburn)

You know how on Dragons Den two dragons sometimes join together to bring more expertise? Well aren't there any Indian chicken porn companies out there willing to invest?
 
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