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

[Lilbaz]

Is he basically saying that Spurs aren't for sale ?

Maybe after the new stadium is built that may change but maybe so will the valuation.

It's the Mirror. Unless you see quotes I wouldn't believe it.

 

[0-Tibsy-0]

If it wasnt for the events of today in regards to the CPO and the general anti Enic opinion currently rife amongst some sections, we would be dismissing a story by DARREN LEWIS in the MIRROR as absolute bullshit.

Once again;
Darren Lewis
The Mirror

On a normal happy day would you give any credence to that combination?

 

[nferno]

And what buyer would want to invest even more money into players and infrastructure after shelling out that sum?

Ludicrous valuation... If true ofcourse.

 

[JerryGarcia]

Could be a variation on the classic Levy gambit... "I wouldn't sell for £1b!"

Oil Barron: Really? You wouldn't sell for £600m?

Lewis: Step into my office kind sir...

 

[The Scarecrow]

From what I've heard, this is true. My second cousin's oldest daughter has some degree in economics, and has been working for Lewis. Her job was (or likely still is, but I don't really know) to seek out places where rich people go, and discretely look for potential buyers. The asking price I was told was £700m, though.

 

[JerryGarcia]

Anyone who thinks Levy/Lewis can't get a cool billion for Spurs should ask Florentino Perez if he thinks we could sell something for above market value.

 

[danielneeds]

You mean like to ENIC?

That was kind of my point.

 

[fletch78]

If we were to be bought out but an oil Baron or similar how would FFP rules affect us?

Would we be able to do a City and Chelsea and just pay over the odds for marquee signings or has that boat sailed? Say for example Neymar became available, would we be able to offer whatever it took to land him? Or would we still be stuck with offering the same figure we offered for Lamela/Soldado because of the level of profit we currently make

Not that I am advocating that path, for all the success Chelsea have had they are still a despicable club.

 

[Lilbaz]

If we were to be bought out but an oil Baron or similar how would FFP rules affect us?

Would we be able to do a City and Chelsea and just pay over the odds for marquee signings or has that boat sailed? Say for example Neymar became available, would we be able to offer whatever it took to land him? Or would we still be stuck with offering the same figure we offered for Lamela/Soldado because of the level of profit we currently make

Not that I am advocating that path, for all the success Chelsea have had they are still a despicable club.

No we wouldn't.

http://en.wikipedia.org/wiki/UEFA_Financial_Fair_Play_Regulations#Summary_of_current_FFP_Regulations

 

[lillywhites61]

No we wouldn't.

http://en.wikipedia.org/wiki/UEFA_Financial_Fair_Play_Regulations#Summary_of_current_FFP_Regulations

Well we could, just pay the obglitary 50 mil fine for doing so! Certainly not a road I want us going down though

 

[Lilbaz]

For UEFA financial fair play we would be able to spend around £250m on players without breaking any rules.

Think we would fall foul of Premier FFP though as our wages would increase massively.

 

[JerryGarcia]

From what I've heard, this is true. My second cousin's oldest daughter has some degree in economics, and has been working for Lewis. Her job was (or likely still is, but I don't really know) to seek out places where rich people go, and discretely look for potential buyers. The asking price I was told was £700m, though.

Genuinely not sure if serious?

 

[kr1978]

Anyone who thinks Levy/Lewis can't get a cool billion for Spurs should ask Florentino Perez if he thinks we could sell something for above market value.

Perez hasn't paid us too much for anything- We sold Modric and Bale too cheap IMO, virtually irreplaceable the pair of them

 

[fletch78]

No we wouldn't.

http://en.wikipedia.org/wiki/UEFA_Financial_Fair_Play_Regulations#Summary_of_current_FFP_Regulations

So actually having a billionaire owner wouldn't be that different to how things are now? Yes I know Joe Lewis is a billionaire but compared to Abramovich and how he invests it isn't the same.

Doesn't it kind of produce a stalemate? The clubs that spent heavily before FFP to get big name players to achieve constant champion league spots will stay there as they have the CL money, the TV revenue that brings, extra match day tickets and a bigger exposure worldwide to keep them there whilst the smaller clubs will be unable to keep/buy the elite players to make them competitive?

 

[kr1978]

So actually having a billionaire owner wouldn't be that different to how things are now? Yes I know Joe Lewis is a billionaire but compared to Abramovich and how he invests it isn't the same.

Doesn't it kind of produce a stalemate? The clubs that spent heavily before FFP to get big name players to achieve constant champion league spots will stay there as they have the CL money, the TV revenue that brings, extra match day tickets and a bigger exposure worldwide to keep them there whilst the smaller clubs will be unable to keep/buy the elite players to make them competitive?

Almost like the teams at the top of the tree wanted to safeguard the elite and block any other teams having a fair crack at them isn't it

 

[Lilbaz]

So actually having a billionaire owner wouldn't be that different to how things are now? Yes I know Joe Lewis is a billionaire but compared to Abramovich and how he invests it isn't the same.

Doesn't it kind of produce a stalemate? The clubs that spent heavily before FFP to get big name players to achieve constant champion league spots will stay there as they have the CL money, the TV revenue that brings, extra match day tickets and a bigger exposure worldwide to keep them there whilst the smaller clubs will be unable to keep/buy the elite players to make them competitive?

As I said in the other post we could potentially spend about £250m without breaking UEFA FFP.

FFP is done over 3 years and is about wages+transfers=Turnover. You are allowed to make a £35m loss and an owner is allowed a one off investment of £40m that has to be converted into shares.

Our net spend on transfers over the last 3 years has been roughly £0.
Our wages have been roughly £90m and our turnover around £150m. (a difference of £60m a season or £180m over 3 years).

So £180m + £40m + £35m = £255m. That a new owner could spend on players.

 

[fletch78]

Almost like the teams at the top of the tree wanted to safeguard the elite and block any other teams having a fair crack at them isn't it

Why if I didn't know any better I would think you were suggesting some sort of conspiracy. Surely Blatter wouldn't pull anything like tha.......oh! Shit.

 

[kr1978]

As I said in the other post we could potentially spend about £250m without breaking UEFA FFP.

FFP is done over 3 years and is about wages+transfers=Turnover. You are allowed to make a £35m loss and an owner is allowed a one off investment of £40m that has to be converted into shares.

Our net spend on transfers over the last 3 years has been roughly £0.
Our wages have been roughly £90m and our turnover around £150m. (a difference of £60m a season or £180m over 3 years).

So £180m + £40m + £35m = £255m. That a new owner could spend on players.

But we'd only get away with that for one season right (presuming a new owner wanted to splash the cash) We'd have to start balancing the books a bit in the seasons that followed to offset the one spree (without the benefit of the 2 seasons previous)?

Is that right?

 

[fletch78]

Bu

As I said in the other post we could potentially spend about £250m without breaking UEFA FFP.

FFP is done over 3 years and is about wages+transfers=Turnover. You are allowed to make a £35m loss and an owner is allowed a one off investment of £40m that has to be converted into shares.

Our net spend on transfers over the last 3 years has been roughly £0.
Our wages have been roughly £90m and our turnover around £150m. (a difference of £60m a season or £180m over 3 years).

So £180m + £40m + £35m = £255m. That a new owner could spend on players.

But would we actually have that cash to spend? As you can guess financial matters aren't my strong suit!

 

[Lilbaz]

But we'd only get away with that for one season right? We'd have to start balancing the books a bit in the seasons that followed to offset the one spree (without the benefit of the 2 seasons previous)?

Is that right?

That's correct. Also due to Premier League rules we will have to limit our wages to about £140m.

These would be a lot better than we are now but still well short of City/United and Chelsea.