I never defended itAnd so was your defending the indefensible over the last couple of days, and even now
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I never defended itAnd so was your defending the indefensible over the last couple of days, and even now
How many shares are there in THFC, anyone know? Or what the number was before ENIC delisted it?
I'd call, but apparently the shareholder helpline costs 12p/min.
Some digging says the last shares traded in 2016 at 200p, valuing the company at 426M. So approximately 213M shares? Spurs easily worth 5X now.
So if they were forced to list 50%+1 today trading would open around £10/share?
Not really sure 50%+1 would change a lot, Levy could keep his stake while Lewis liquidated some of his. They'd still be unassailable.
I think that works in the German model, because clubs began as membership clubs and then transitioned to commercial properties with traded shares.Not at all.
The 50%+1 is designed so the 50%+1 is a block vote. They are the unassailable ones
They are basically one of the same....Levy out salvages some, not all, but some self respect this club currently has left...Enic out. Levy going solves nothing.
The price will have just dropped a lot.
Fans will be protesting against the owners, you can probably knock 20% off the price he would otherwise achieve due to a hostile climate
We are cursed with levy for the long haul. He looks about 50. So 20 more years I bet.I was out before so still out now as not much has changed for me.
I don't think new owners will be any worse, even if I am not sure they will be much better either.
I think the most realistic outcome to hope for is we get a similar approach in running the club as a business but with a chairman that realizes they are a business man not a DOF.
Although I doubt we are lucky enough to get rid of Levy any time soon.
An example?Just browsing the sc forum and most are defending this crap
No need go on the enic posts. They may aswell have levy statues with his cock out on thereAn example?
They will. We beat Norwich 1st game of next season & there will be a 'will we win the title' thread. & people saying how lucky we are to have ENIC, because don't you remember the canaries beating us in the 90's.... I do!No way they should survive after this. Hope the fans make their voice be heard in England.
Jesus. Only ever used this forum so take your word for it.No need go on the enic posts. They may aswell have levy statues with his cock out on there
Did someone say enic out?!
Rancid.Just browsing the sc forum and most are defending this crap
ENIC didn’t spend 1bn quid.....the vast majority is bank loans borrowed against the club...I think that works in the German model, because clubs began as membership clubs and then transitioned to commercial properties with traded shares.
It couldn't work the same way in England now, ENIC own Spurs and have spent £1B+ developing its infrastructure. You can't tell them they have to divest 50% of their company to the THST membership for nothing...they're entitled to recoup a fair market price.
So you have a THFC IPO at £10/share. If you only could own a single share, you'd need 200M shareholders. Can't get close. Can't get close even at £10000/share. So you HAVE to allow not only multiple shares, but many multiple shares.
Whats the cap of ownership stake in that 50%+1? 5%? 10%? 20%?
Or he could simply hire people who actually know a thing about football or two like a director of football. But he is too arrogant for that. He thinks he is all knowing and that is why we have won fuck all with him in charge.This year alone he hung onto Mourinho for 3 months too long after he should have gone(Brighton & Chelsea) and it left us in mind numbing limbo.
He then joins an ill thought through superleague. As the only English owner he should have known what the reaction would be. How can he know so little about fans after 20 years?
He follows that with an arrogant, dismissive statement, in no way backing down, just admitting a temporary setback.
Lets not forget classics from other years like 0 transfers for our best manager in 35 years after he asked for a painful rebuild. Or appointing AVB after he failed at Chelsea, or Santini, or Sherwood, or Mourinho. Who honestly thought these managers would work?
Not everything he has done is bad. He is miles better than Sugar, we've improved as a team, training ground and stadium, appointing Redknapp and Poch. However its time to go. I think he has lost touch, still doesnt really understand football or fans and we need new eyes and fresh ideas.
Whether the club has debt or not is irrespective of the matter. The total investment ENIC have contributed is irrespective. You can't devalue the property and force them to sell 50% of the company for 50% of what they paid for it 20 years ago.ENIC didn’t spend 1bn quid.....the vast majority is bank loans borrowed against the club...
This whole myth about how much it would take to buy them out is mind blowing, these two fuckers are out of pocket what it took to buy sugar out of his majority share back in 2001 & his remaining shares in 2007, a combined whopping £57m to Sugar, or in football terms, Mossa Ndombele, and they hovered up the remaining shares in between.....Any new owners would automatically take on the debt (still borrowed against the club) as it’s attached to the club not Laurel & Hardy.....