Are there cash flow issues in operating the stadium? On its own, it looks like a great big cash machine.
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Management ENIC
- Thread starter The Fighting Cock
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Do you think Phil is in fact Levy?
Talking with authority about finances.
13.493,731 shares issued at £7.410849 per Companies House filing - gives us £100m and £2.89 spare - enough for a cup of coffee somewhere !
Money is fungible so could be spent on anything !
If spent on say 2 top players it might pay for the first transfer phase of payment, signing on fee of payment etc. But who knows
Money is fungible so could be spent on anything !
If spent on say 2 top players it might pay for the first transfer phase of payment, signing on fee of payment etc. But who knows
So why is no credible source reporting it as opposed to some geeks on a podcast?Nah.
He's banned.
Something has gone horribly wrong if it isn't paying for itself.
Spurs have been generating about £150m cash each year for last few years (after paying operating costs), and curiously enough that's the sort of money actually spent on transfers annually in last few years.
But as I've said elsewhere money is fungible - so could be for a whole range of things. But an extra £100m to augment our usual transfer spend is perfectly plausible - we had the same a couple of years ago announced as £150m paid over as £100m and balance later
I think it’s more ‘itchy chin’ than picking nose!If you know; you know.
The outstanding amounts payable on transfer fees are phased over several years, and certainly the creditors are not expecting it to be all paid now
You may find the amounts due this year are already earmarked out of this years cash flow and the £100m is additional ..... but who knows
I think it’s more ‘itchy chin’ than picking nose!
Where are the reliable / credible sources who have debunked the claims that Levy is indeed banned from the stadium?
Or is it just anecdotal bluster from geeks on Spurs forums who loved their role model?
Why would you even need to debunk something that was come from one unreliable source?Where are the reliable / credible sources who have debunked the claims that Levy is indeed banned from the stadium?
Or is it just anecdotal bluster from geeks on Spurs forums who loved their role model?
It’s not exactly gained traction has it?
Your ‘logic’ makes zero sense!
I think he's banned.
Why would he be allowed into the stadium?
He delayed the opening of it and then dismantled the best side Spurs had for 35 years and sacked the manager.
Who would want him around and why?
News | Tottenham Hotspur
Discover all the latest official news, match updates, exclusive videos and insights from Tottenham Hotspur Football Club
www.tottenhamhotspur.com
Tottenham Hotspur announces initial £100m capital injection
We are pleased to announce that our majority shareholder, the Lewis family trust, has, through ENIC Sports & Development Holdings Ltd (“ENIC”), injected £100 million of new capital into the Club.This equity injection will further strengthen the Club’s financial position and equip the Club’s leadership team with additional resources to continue the focus on driving long-term sporting success. This additional capital is part of the Lewis family’s ongoing commitment to the Club and its future.
Peter Charrington, Non-Executive Chairman, Tottenham Hotspur, said: “As I stated a few weeks ago, our focus is on stability and empowering the management team to deliver on the Club’s ambitions. I know the Lewis family are also ambitious for the future. Today’s capital commitment reflects that ambition and I would like to thank them for their ongoing support. We will continue to do all we can to ensure that Vinai and his team are supported in the best way possible to take this Club forward.”
Bully for you!I think he's banned.
Why would he be allowed into the stadium?
He delayed the opening of it and then dismantled the best side Spurs had for 35 years and sacked the manager.
Who would want him around and why?
Your obsession with Levy conspiracy theories really is quite astounding and somewhat unnerving in equal measure!
Bully for you!
Your obsession with Levy conspiracy theories really is quite astounding and somewhat unnerving in equal measure!
You read this?
Tottenham owners could agree Daniel Levy deal after takeover latest
Tottenham's owners could agree a deal for Daniel Levy's shares in the club after the takeover latest in north London.
WTF! FootballInsider247?!You read this?
Tottenham owners could agree Daniel Levy deal after takeover latest
Tottenham's owners could agree a deal for Daniel Levy's shares in the club after the takeover latest in north London.www.footballinsider247.com
Say no more!
WTF! Footballinsoder247?!
So no more!
I thought that you only respected people from their field of expertise?
Especially if they are the head honcho?
Speaking exclusively to Football Insider, Borson said: “It increasingly looks like they’re not bluffing.
“Getting rid of Rothschild’s as your advisor is a statement that you’re not really engaging and you don’t really want to sell, which is consistent with what they’ve said publicly.
“I mean, they have been pretty blunt about that desire for certainly the Lewis family side of things to keep the asset to keep the ownership. They’re very visible now at games home and away, so I think you can start to take them on face value that they’re not really looking for a buyer.”
ENIC owns an 86.91 per cent stake in Spurs, while Levy and members of his family hold a 29.88 per cent share in the British investment company, and Joe Lewis’ family trust own the remaining 70.12 per cent.
Tottenham’s owners value the club at around £4.5bn following the latest takeover interest, but they appear to be unwilling to agree a full sale.
Borson said: “I still think that if somebody could put an offer together for Daniel Levy’s part of ENIC given that there’s clearly been a fallout there, I think that would start to make some sense, where you brought in very much like Sir Jim Ratcliffe at United, you brought in a 25 per cent shareholder.
“I mean, it wasn’t quite the same with Manchester United, but a 25 per cent shareholder comes in to partner with the majority owner. I don’t think the Lewis’s are showing that they would be prepared to take a backseat in the way that the Glazers have, and that again will go to value.
“But there may well be a minority owner that is interested in taking 25 per cent of Tottenham and going from there, maybe with a plan over the next few years to build up to 50 per cent, then 75 per cent, and then full ownership. I think that’s feasible.
“If the Lewis’s don’t want to sell, then it does look like it’s difficult for Daniel Levy and his family to remain as a relatively small minority. That does look like something that they’re going to want to work their way out of and take the money.”
Vinai Venkatesham is now leading the day-to-day operations at Tottenham after being appointed as the club’s CEO earlier this year.
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Exclusive you say?!
View: https://youtu.be/cc5hpZbygOE?si=ayBO4rvx9A1K5pkj
What has anything Borson said got to do with your assertion that Levy has been officially banned?!
No mate.
Football Insider said that.
It seems that Borson thinks Daniel is going to be squeezed out with his minority shareholding.
Is that not how you read it?