Takeover talk

Donki · Jul 18, 2019

davidmatzdorf said:
Previous form tells us that ENIC do sell a business once they feel they have added as much value as they can, but, as @Spurger King wrote just above, that doesn't allow for the Lewis and Levy being supporters as well as owners.

There's no benefit in selling right now for businessmen who are running a business in which they have an emotional as well as a financial investment. It's a great asset on the balance sheet, as you said, and the fillip to their reputation, especially Levy's, from having achieved the celebrated stadium while reviving the club at a footballing level, is something that can't be valued in a sale.

Hence the ITK that they would only be tempted by a "ridiculous" offer is convincing. The money would have to be well in excess of market value, because the club signifies something to them beyond what it says on the balance sheet. Reviving the club is Levy's legacy.

I think this is lost on some supporters, and I don’t mean to be patronising when saying it but I know I am. I started supporting Spurs at the end of the Gazza/Lineker era and after that we were pretty shite. Over a decade of being a mid table team, with the possibility of relegation, we have grown organically to a top European team. We had no devine right and could have easily ended up like Villa (a massive club in its own right).

Led's Zeppelin · Jul 18, 2019

jay2040 said:
I would have thought there's two elements to their returns- capital/portfolio appreciation and the income that they generate!
If there is no profit then it's eating into capital, is it not?

Depends why there's no profit.

If it's because of continual (and preferably wise) investments, then not making a profit can increase capital values.(Though accountancy may allow a different treatment of investments, but let's not get into accountancy.) Look at young internet/software company sales, many of which have never shown a profit of any sort, operating or otherwise, but which sell for huge amounts of money. It's all about potential, and sometimes frustrating the opposition.

Regarding ENIC though, my opinion is that there are still a lot of high value commercial deals to be done as a result of the new stadium and the club's growing stature. And Levy is bound to believe that no one is likely be better at doing those deals than he and his team is, so the route to maximising THFC's value to ENIC is to stay in control until they get closer to the top of the growth curve.

That's why I can't see them selling at this stage. There's too much unrealised growth to come, and very few potential buyers are likely to value that as highly as Levy and therefore Lewis do. So even if they felt inclined to sell, (which for reasons including those cited by @davidmatzdorf I don't think they are) they would find it very hard to strike a deal that satisfied them.

glospur · Jul 19, 2019

Donki said:
I think this is lost on some supporters, and I don’t mean to be patronising when saying it but I know I am. I started supporting Spurs at the end of the Gazza/Lineker era and after that we were pretty shite. Over a decade of being a mid table team, with the possibility of relegation, we have grown organically to a top European team. We had no devine right and could have easily ended up like Villa (a massive club in its own right).

Yep. I mean, I get some of the frustration over their transfer dealings, but there's no denying that the club is ... well, 'in a better place' is a gross understatement. It's completely transformed from the position it was in when they first took over. If you look at it holistically, even the staunchest critic couldn't argue that they've done an incredible job.

Lighty64 · Jul 19, 2019

yankspurs said:
Lol. Every owners bottom line is $$$$. Except for the sheikh’s and oil baron’s who use football clubs as their play things.

ENIC only cares about making money and selling up for a massive profit. They are currently making money off of us and will sell up soon for at least £1bn. Winning trophies would just be an extra(if we ever win one again while there in charge and thats a massive if).

just asking but when you say US do you really include yourself in that window.

to really have a chance of winning regular trophies, we would need an owner like City or Chelsea, yet I'd rather not. Perhaps it's because I've seen us win trophies and understand how the intro of the PL, CL and the impact of Chelsea and Man C. we have got to where we are today with a lot of luck and the ones guilty of doing that was ENIC.

whose to say if they hadn't come along we would have the stadium and training facilities, or even Poch, Kane and all the other star players. we have finished 3/2/3/4 on a shoestring budget, mostly playing in a stadium that we would never be paying players what we are now, or paying 60m for a player.

I would really like to know for definite when you 1st started following the club, because if you can't appreciate what we have now, and to get there we have had to make sacrifices and are not looking forwards to the next chapter, then perhaps this club isn't the right one, or it's the perfect one to help you continuously whinge about everything.

football change in the early 90's all at a time when we were pretty close to going out of business. if you had been about those days and said to your fellow FOOTBALL (not soccer fans) we would be where we are today, without mega bucks, your friends would of put you in the looney bin

hellava_tough · Jul 19, 2019

We're in unchartered territory now with the new stadium, CL qualification and successful runs and the global recognition that has brought, and hopefully will continue to bring.

I'll be interested to see what our revenue was for 18/19 season and I'm sure Levy and Co are eager to expand it, over the next 5 seasons.

We do now need to win a league title or Champions League though, to really boost the global fan-base. Success builds on success!

Spurslove · Jul 19, 2019

Donki said:
I think this is lost on some supporters, and I don’t mean to be patronising when saying it but I know I am. I started supporting Spurs at the end of the Gazza/Lineker era and after that we were pretty shite. Over a decade of being a mid table team, with the possibility of relegation, we have grown organically to a top European team. We had no devine right and could have easily ended up like Villa (a massive club in its own right).

I'm convinced that to some supporters, nothing that Levy and ENIC do for the club is ever going to satisfy them. Sometimes when I hear them whingeing and whining about Levy or the way (they believe) he is conducting himself with 'off the field' business, I just shake my head and sigh. I mean seriously, as if anyone has the slightest clue...

.

longtimespur · Jul 19, 2019

Some people will always find something to moan about, not just Spurs fans either.

mpickard2087 · Jul 19, 2019

As I've said before on this subject, I don't see the rush for ENIC to sell. Levy quite obviously absolutely loves the job and lives for it, and I've seen articles before that Lewis, whilst being a businessman with plenty of history when it comes to bumping up and selling on companies, sees this as a blue chip investment which he loves having in the portfolio and gives him a certain status and prestige. Similar to him apparently wanting to get his hands on an NFL team over the years.

Then there are the sums involved. It's been years now since I started dismissing all these BS rumours and news articles about so and so preparing £1bn bids for us, when valuing everything it would almost certainly take £2bn or more, plus the premium needed to tempt them into a sale. In that time everything about the club, and money in football, has only gone up so that would now be an even higher price tag.

This would almost certainly be smashing the record for a Sports team takeover, particularly for football. And if you take Levy at his word, about being custodians of the club and if they did sell that it would be to the right people who could take it further etc, I very much doubt it's going to be someone who is going to go via the debt leverage route.

I think you're probably talking about at most a handful of people/organisations who have deep enough pockets to get hold of the club. And if/when it happens these people aren't going to be messing around, no putting feelers out or trying to gain a few headlines via the media, we'll wake up one day and it will have just happened. Deal done. See other major takeovers that came out of nowhere for examples of that.

Spurslove · Jul 19, 2019

longtimespur said:
Some people will always find something to moan about, not just Spurs fans either.

This is undeniably true, but my point is that people think they they know what goes on behind the scenes and they choose to get their under-crackers in a twist over what they think or assume is happening, but in reality, they have no idea. That's what always makes me shake my head and sigh. They effectively invent scenarios and situations and then get wound up about them. That's just bonkers.

.

longtimespur · Jul 19, 2019

Spurslove said:
This is undeniably true, but my point is that people think they they know what goes on behind the scenes and they choose to get their under-crackers in a twist over what they think or assume is happening, but in reality, they have no idea. That's what always makes me shake my head and sigh. They effectively invent scenarios and situations and then get wound up about them. That's just bonkers.

.

I agree with you but there is so much negativity from so many people they must have such a pessimistic outlook onlife. Can see the same posters coming up with a negative spin on articles or comments.
Yes I worry about things, especially financial, but I'm really pleased I have an optimistic outlook, think it's what has gotten me through 2 cancers.
Bring on Monty Python's "Always look on the bright side of life"

SteveH · Jul 19, 2019

longtimespur said:
Some people will always find something to moan about, not just Spurs fans either.

Oh here we go.............

Spurslove · Jul 19, 2019

longtimespur said:
I agree with you but there is so much negativity from so many people they must have such a pessimistic outlook onlife. Can see the same posters coming up with a negative spin on articles or comments.
Yes I worry about things, especially financial, but I'm really pleased I have an optimistic outlook, think it's what has gotten me through 2 cancers.
Bring on Monty Python's "Always look on the bright side of life"

Christ. Good on you matey (and no, I'm not going to start singing. My missus says I sound like a goose farting in the fog..)

.

spursfan77 · Jul 20, 2019

Spurger King said:
They’ve played a blinder with the stadium. Obviously it has plenty of additional costs, but the net profit is likely to be big. It’s a gigantic money machine, and the good thing for us is that it runs on success. It needs a big turnout, and for that to happen the club need to keep the team competitive.

If anything they’ve overshot quite spectacularly. I don’t think anyone would have expected us to be CL Finalists by this stage. I suspect our overall wage cap to go up (no doubt in a number of creative ways that protect us from failure to qualify for the CL). ENIC are obviously an investment company, but both Lewis and Levy are Spurs fans, which people should keep in mind.

They played the long game, and we’re seeing the results of that.

Plus, most importantly, they aren’t idiots and are good at making money. Whilst the club is growing in value it makes no sense to sell at all. With Lewis age, he isn’t going to want to sell his biggest asset and all the risk and cost that’s associated with passing on wealth when he dies. Plus from experience, self made rich people tend to want to take it with them when they go, he will be making sure nobody else gets their hands on us and let’s them fritter away all what’s been built up.

Graysonti · Jul 21, 2019

We don’t need new owners.

We need a strategy (which we have had tbf) in the market, and Levy to once in a while open up the cheque book and net spend. It looks like he is doing that now and also expanding wages to new size of club so I’m happy.

We will always lose players to RM, Barca so no probs with that but more importantly, the others are now struggling to take our players.

He has built the club infrastructure the last ten years and hopefully the next ten is silverwear. Levy deserves a few pots. How previous owners let the club fall so far back was criminal - club this size.

hellava_tough · Jul 21, 2019

Graysonti said:
We don’t need new owners.

We need a strategy (which we have had tbf) in the market, and Levy to once in a while open up the cheque book and net spend. It looks like he is doing that now and also expanding wages to new size of club so I’m happy.

We will always lose players to RM, Barca so no probs with that but more importantly, the others are now struggling to take our players.

He has built the club infrastructure the last ten years and hopefully the next ten is silverwear. Levy deserves a few pots. How previous owners let the club fall so far back was criminal - club this size.

And you know that once we get them, the media will be waxing lyrical about how we did it with no Sugar Daddy oil investment, despite the fact that they've kept quiet about that particular fact when they've been berating us for not winning anything :cautious:

fishhhandaricecake · Jan 10, 2020

Tottenhamboys said:
Hi guys, some ITK for you regarding any potential take over (yes, cleared by A&C). Despite being open to selling the club just 1-2 years ago once we had moved into the new stadium, Enic & Levy are now not interested in selling the club. I have been told that Levy values the club at around £2 billion but would not accept a bid anywhere near that offer. It would have to be substantially (and ridiculously higher). I’m told he wants to continue growing the club and is planning on the next chapter in the clubs history.

Great, we will continue trophydodging forevermore

Rocksuperstar · Jan 10, 2020

mark87 · Jan 10, 2020

Sweet bump

Deleted member 27995 · Jan 10, 2020

The fuck was this bumped for? The fuck is wrong with people?

Edit:

Whoever bumped it has now deleted the fucking post, stop fucking about because a rich businessman won't fund your fantasies.

sausage · Jan 10, 2020

Vinny_Sammways_left_peg said:
The fuck was this bumped for? The fuck is wrong with people?

The newspapers say we're going to miss out on players we don't want or need, so people have escalated things to the fiction section and are having panic attacks for basically no reason.

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