It’s also a very public way of flushing out other bidders.
What they will be looking for is two or more parties bidding the price up.
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Management ENIC
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What they will be looking for is two or more parties bidding the price up.
"JUST PAY THE FUCKING MONEY AND STOP MESSING AROUND STAVELEY"
Statement regarding media speculation
A statement regarding media speculation...
www.tottenhamhotspur.com
The Board of Tottenham Hotspur Limited (“Tottenham Hotspur”, the “Club” or the “Company”) is aware of recent media speculation and confirms that its majority shareholder, ENIC Sports & Developments Holdings Ltd (“ENIC”), has received, and unequivocally rejected, separate preliminary expressions of interest in relation to proposals to acquire the entire issued, and to be issued, share capital of ENIC from (i) PCP International Finance Limited (“PCP”); and (ii) a consortium of investors led by Dr. Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited (the “Consortium”). As a consequence of ENIC’s majority ownership interest in Tottenham Hotspur, were any offer made to acquire ENIC and complete, a mandatory offer would be required under Rule 9 of the Code to acquire the shares of Tottenham Hotspur not already held by ENIC.
The Board of the Club and ENIC confirm that Tottenham Hotspur is not for sale and ENIC has no intention to accept any such offer to acquire its interest in the Club.
In accordance with Rule 2.6(a) of the Code, each of PCP and the Consortium is separately required, by not later than 5.00 p.m. on 5 October 2025, to either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for the Company, in which case their respective announcements will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code. Accordingly, this announcement commences an offer period for the purposes of the Code.
The person responsible for arranging the release of this announcement on behalf of Tottenham Hotspur is Peter Charrington (Non-Executive Chairman).
Enquiries:
| Tottenham Hotspur Limited Peter Charrington (Non-Executive Chairman) | +44 (0) 34 4499 5000 |
| Rothschild & Co (Financial Adviser) Majid Ishaq / Edward Duckett | +44 (0) 20 7280 5000 |
Could be nothing more than wishing to spend time with his daughter and escape the current media scrutiny which is pretty intense at the moment.
So are there any owners out there that we want?
It's not something I know anything about.
It's not something I know anything about.
The little fellow at West Ham and the bird who is in love with herself there seem to be doing a fine job .
I don't buy the idea that Daniel Levy's tenure at Tottenham Hotspur didn't deliver on-field success. | Omar Chaudhuri
I don't buy the idea that Daniel Levy's tenure at Tottenham Hotspur didn't deliver on-field success. In the 9 full Premier League seasons before becoming Executive Chairman, Tottenham's average position in the English pyramid was 10.6. That put the club in 8th place among all English clubs...
www.linkedin.com
I know a lot of people here don’t like data but this is a great post.
He also has a follow-up comment:
Put another way:Tottenham Hotspur's average league position in the 9 years before Levy: 10.6
West Ham United's average league position in the last 9 years: 11.1
If you told West Ham's owners and fans that over the next 24 years they'll be involved in two title races, enjoy 7 Champions League campaigns and have a stretch of 18 European campaigns in 20 years, reach the Champions League final (with an epic journey), win the League Cup and the Europa League, sell the most expensive player in history (who you bought for <10% of the price) and produce England's record goalscorer... ... I think they'd take it.
Way before levy’s and enics tenure
On the pitch we should have done better over a much longer period in the league
One second place finish in 60 plus years isn’t good enough
On the pitch we should have done better over a much longer period in the league
One second place finish in 60 plus years isn’t good enough
ENIC are drumming up interest ...hoping to start a bidding war with potential buyers....market trader stuff ...
Personally I don't think so. I think in today's global football landscape it could be argued it helps publicises "small time" (I referring to consortiums etc who can't afford to buy Tottenham but maybe have their eye on a Wolves/Palace/Hull/Leeds/Everton size Club) bidders. It gets the name out around the world as Tottenham have to respond with a statement as we've just seen. Staveley has just broadcast to the World she's (Not her money, she's at best a conduit) actively sniffing to reinvest in Football, whilst the other party has the football world googling them wanting to know who they are. Free publicity, that I think works well when they look at Hull/Everton/Palace?Leeds size clubs.
The premise is well placed however, the theory being only serious parties need apply.
The one thing that I think all of us overlook is that at £3-£4b price tag (for which I think is an accurate valuation) will make it the biggest single takeover in the history of the game!!! Chavs was the largest ever seen and I am still struggling to get my head around the actual terms of their valuation which if memory serves me correct was something like £2.5b but included a further £2b commitments for a New Stadium and the rest being invested into the team(????) . There is a very strong appetite for buying up Leeds/Palace/Hull/Everton sized Clubs, ergo £200m-£400m investments, but the real big money isn't getting anywhere near the top end of football (even the middle east acquisitions of City (£200m) and all their subsidiaries and Newcastle (£300m) were mid tier acquisitions and even allowing for inflation remain mid tier acquisitions. Even Liverpool was for £300m and that was only 15yrs ago!
That said, of all the Clubs in the World I think the risk of dropping £3-£4b on Tottenham has the lowest risk as all the infrastructure (Training Ground, Stadium) is already in place. Compare that to Chavs who are nowhere near finalising plans for a stadium solution meaning they are at least a decade away of having a new stadium, which means they would have lost £1b in revenue compared to the revenue Spurs would have made in that period.
View: https://youtu.be/Wbh4atUbbAM?si=1mCjEzkZnoag_QNp
Can't believe I'm actually typing this but I do agree with Simon Jordan. What's going on now is a PR campaign by ENIC saying they want to win more but they have been the power behind the thrown all along and had 25 years to help the club win more and didnt do anything to achieve that.
The more they go on this PR exercise the more ammo fans will have against them if they don't back it up so they are creating a rod for their own back.
I think we have all followed football and especially Spurs for long enough to know this is exactly what will happen. If they are still in control and not negotiating a sale then, they will do nothing of note in the January window. The complete opposite of what they have suggested they will do.
Why do I think this is going to get very messy and end up in the courts?
ENIC are drumming up interest ...hoping to start a bidding war with potential buyers....market trader stuff ...
"This week on The Apprentice Lord Sugar wants the teams to take control of the sale of a former business....."
That is an overly simplistic view. Under Joe Lewis, the plan for Spurs was undoubtedly to buy at the right time (just before the PL era kicked off and the massive TV money boost), invest in the infrastructure and turn a club worth £80Million into one worth Billions. Job done. But Joe Lewis is 88 years old. Anyone with a relative past 85 will know that there is a significant cognitive and physical decline. Joe is no longer the decision maker - his kids are (I say kids but I think they are 60+ themselves). Jordan's position that ENIC cannot say they want to win more when they haven't invested over the last 25 years is flawed as he is talking about Joe Lewis and Daniel Levy, and not Vivienne . ENIC are effectively in a new era with new chiefs at the helm, and the next 5 years are more relevant than the last 25 years.
I have listened to a lot of experts the last few days online / pods / radio etc. This is a complex topic. But ultimately, with no loyatly / bond to Levy (similar to what Joe Lewis had), what did Lewis' kids have to gain from keeping Levy around? He acts as if he owns the club when he is only a minority shareholder. Everything went through him, inc. takeover bids, naming rights, investment negotiations, player transfers etc. Despite owning 25% of the club Levy does not have the wealth to contribute to injecting funds himself. Levy not retaining a non-executive seat on the board is telling - he has noone to represent his interests (as the second largest shareholder).
The statement this morning was a message of intent from ENIC (Lewis kids). They are not selling in this current phase. I expect naming rights linked to minority share investment to boost the football operations in the short term, and then longer term a sale when the club is worth even more. Being competitive in the PL and CL, with no PSR restrictions, and winning one of them, would see the club value hit £5B IMO.
There's also an entirely different mindset on spending money between the generation that makes it and the one's that come after
What? We are owned by a investment fund in the Bahamas, the main beneficiary was Joe Lewis who could not give a shit. It doesn't get any more soulless than that.
Bookmarking this for when the winter transfer window opens and we haven't signed Mbappe within the first 12 hours!
