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Management ENIC
- Thread starter The Fighting Cock
- Start date
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None of the above would necessarily put off any perspective buyer from proceeding....Levy owns just under 30% of the ENIC share which is circa 86% therefore even if they were able to get him to sell up there is still 14% in the hands of minority holders.
In any case the ENIC 56% represents the controlling interest and that is all a buyer will be concerned about. The bigger stumbling blocks are the covenants associated within the stadium debt repayments fixed at circa 2.79% which are not set to mature until 2051 and can be renegotiated if there is a change of ownership.
Not the Lewis family - the kids. They probably want to use some kind of transfer debt to justify not spending or something.
They sound completely in over their heads, and it wouldn't surprise me if they went Venkys on us
Yeah but my point isn't about the buyer, it's about what ENIC want - 30% of Levy's potential share which will be added to the 56% makes more sense for them.
You were rabidly Levy / ENIC IN! for years.
Now Levy’s had his ass kicked out the door, you've gone all John Thomas regarding ENIC.....Venky's, lol
Shows we were right all along....For you and a few others, it was all about Daniel. Daniel first, Spurs a distant second.
The very definition of a fucking cult
We've been over this a million times John.
I've never been "ENIC" in and have constantly pointed to ENIC (sans Levy) as being the problem and Levy having done a brilliant job with no financial backing from Lewis
Edit: 6 months ago, telling you the exact same thing
Management - ENIC
This time need to admit: bar taking extra time to process Ange decision - he acted quickly and swiftly. Sacking on friday, and new replacement sorted almost immediately.
thefightingcock.co.uk
Levy was the mastermind of the kingdom, now that his expertise is no longer with us what makes you think the Lewis children have any clue what they're doing and therefore have any interest in running the club?
Don't worry - they've hired a Banker as Chairman and an Aviation expert to replace the most experienced football director in the league.
That was enough to stop the protests
Don't worry - they've hired a Banker as Chairman and an Aviation expert to replace the most experienced football director in the league.
That was enough to stop the protests
They've even managed to convince the delusionists that they're gonna make an assault on the Premier League with their £100m investment, the protestors seem to be delighted with that level of ambition
They've even managed to convince the delusionists that they're gonna make an assault on the Premier League with their £100m investment, the protestors seem to be delighted with that level of ambition
"That's more than Daddy paid for the club!"
In all seriousness, I'm sure there's nothing to suspect. The guy who turned up for almost every match, home and away, snow or sun, is probably the bad guy here.
The ones who have magically turned up when they're due to collect on their inheritance are the genuine ones. I have no doubt some random art 'expert' will know much more about running a football club.
With that interest rate its unlikely any buyer will want to negotiate any covenants for fear the bond (its not a bank loan so covenants will be in bond contract wording) will be redeemed ..... and interest on any replacement finance will be WAY more than 2.79%
You got that from an article that says “there is no indication of wrongdoing”?But the audit is suggesting underhanded dealings . It’s the 2nd one of the year too
If you mean the Lewis family forcing Levy to sell to them I can only ever see that happening if it was their intention to keep the Club and prevent the bald one teaming up with a rival bidder in the future.
The magic figure has always been 51% and ENIC satisfy that figure comfortably Levy's 30% give him no say in the matter.
The financial institutions agreed these rates during covid and I'm absolutely sure any buyer would love for them remain in place....but it won't happen, the repayment rates only stay if the current ownership continues, if that changes so do the rates.As Ferguson once said. I’m not negotiating with Levy, it’s more painful than my hip replacement.
Should be fun, especially when Daniel has something they want.
No doubt Daniel will have explored the possibility of getting a consortium together to buy out the Lewis kids.
Wonder how that would go down.
Should be fun, especially when Daniel has something they want.
No doubt Daniel will have explored the possibility of getting a consortium together to buy out the Lewis kids.
Wonder how that would go down.
Don't worry - they've hired a Banker as Chairman and an Aviation expert to replace the most experienced football director in the league.
That was enough to stop the protests
These appointments seem to have flown under the radar
This is some proper deluded stuff.