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Daniel Levy

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Fair point but what motivation would a consortium have?
Similar to ENIC, but can potentially see additional ways to maximise commercial profit as opposed to football achievements or potentially leverage the club buyout in a similar way to the Glazers did with United, then load the debt onto the club itself.

I haven’t studied the accounts in a while so not up to date with the debt structure re the stadium, but as the club is quite asset rich this could prove a motivation for investors.
 
That's just simply not going to happen. The threshold for buying a club has went up, and due diligence is being a primary focus, to stop this kind of behavior.

You've just been conditioned into thinking we're doing great. We've been underperforming for a long time, playing everything extremely conservatively.

Someone isn't dropping £4bn on something to let it rot.
I'm not conditioned by anything.

It's a concern, not an expectation.

Someone like the Glazers would be looking at us and salivating. Our stadium is future proofed and new, they wouldn't need to put a penny into it. However, there is prime real estate owned by the club, which they can sell back to themselves at a premium, then cream the profits off them. What can "due diligence" do to stop that? They're not affecting the Football club, especially if they throw it a bone for new players. Besides, take a good look at some of the owners in this league. You think the PL would balk at anyone after letting that fat drug dealing Zorba buy Forest?

Levy is gone, I'm nowhere near as emotional about it as a few of you lot are. What I do have is a concern for the welfare of the club I've followed my entire life.

My concern could be unfounded, but that doesn't make it unwarranted.
 
I'm not conditioned by anything.

It's a concern, not an expectation.

Someone like the Glazers would be looking at us and salivating. Our stadium is future proofed and new, they wouldn't need to put a penny into it. However, there is prime real estate owned by the club, which they can sell back to themselves at a premium, then cream the profits off them. What can "due diligence" do to stop that? They're not affecting the Football club, especially if they throw it a bone for new players. Besides, take a good look at some of the owners in this league. You think the PL would balk at anyone after letting that fat drug dealing Zorba buy Forest?

Levy is gone, I'm nowhere near as emotional about it as a few of you lot are. What I do have is a concern for the welfare of the club I've followed my entire life.

My concern could be unfounded, but that doesn't make it unwarranted.
ENIC are still running the show and I'm not convinced they're planning on selling up.
 
Seems to be some sensationalizing articles out there this morning.
Because the sale price is going to be so high, they will at least need to be successful on the pitch to boost revenues and brand awareness if they want to make a profit

I'm praying that the Lewis family from ENIC have pushed out Levy for this reason. They can see the value of creating a club that is constantly winning things vs just what the spread sheets say.
 
Seems to be some sensationalizing articles out there this morning.


I'm praying that the Lewis family from ENIC have pushed out Levy for this reason. They can see the value of creating a club that is constantly winning things vs just what the spread sheets say.
I'm leaning towards them seeing Levy as an obstacle to an eventual outright sale and who therefore needed to be removed.
 
I'm leaning towards them seeing Levy as an obstacle to an eventual outright sale and who therefore needed to be removed.
That's not impossible, but he's a much more serious obstacle to a partial sale of a non-controlling minority stake (who would be entrusting Levy with spending their money), and selling that sort of stake has been openly and publicly sought by the club for quite some time, so that feels like the more likely explanation to me.

Maybe sacking Levy has sealed the deal with Aramco or whoever. Maybe it will take more time. But that seems like Plan A.
 
ENIC are still running the show and I'm not convinced they're planning on selling up.
Oh I'm not convinced myself, it's a nagging doubt though. If Uncle Joe is still pulling the strings, why the sudden desire for "success on the pitch" when it hasn't bothered him in the slightest for 2 decades? Why would the family now suddenly be "hungering for glory" when they're not even here to enjoy it?

You have to admit that it's just a bit suspicious no?

Now they may just be on the level, but their past interest doesn't really suggest so, for me anyway, so I'm treating their "statement of intent" in exactly the way I treat ITK, I'll believe it when I see it.

I truly hope my suspicions are no more than my imagination, and that they really have decided to push us to greater heights, but we've seen this played out before, with a minority share bought, then a bit more, then the announcement that we have new owners.

I guess there's a touch of fear of the unknown mixed in there, change can be painful and the older you get, the more painful it can be.

Don't get me wrong, I'm not thinking it's a foregone conclusion, just that I think that there are bigger upheavals in the future, and the odds of getting the type of owner we all want aren't as great as many would like to think, especially as you have an entity like the PL overseeing this "fit and proper" farce.
 
That's not impossible, but he's a much more serious obstacle to a partial sale of a non-controlling minority stake (who would be entrusting Levy with spending their money), and selling that sort of stake has been openly and publicly sought by the club for quite some time, so that feels like the more likely explanation to me.

Maybe sacking Levy has sealed the deal with Aramco or whoever. Maybe it will take more time. But that seems like Plan A.
Time will tell I guess. But one thing for sure, there's a whole lot more excitement and positivity around our fanbase tonight than there was just 36 hours ago.
 
Yeah but how do you n profit without making the asset more valuable?
You don't have to make the asset more valuable to make profit from it. Christ, the Glazers have made enormous amounts of profit off Utd whilst running it into the ground. Remember, they didn't pay a single penny of their own money to buy Utd, they leveraged. They could still sell Utd at a price that would just cover the debts and they'll still have walked away with 100's of millions in dividend payments. They milked that cow dry then got another mug to pony up over a Billion to buy a piece of a rotting carcass.
 
It doesn't limit the concern though.

At the moment, Tottenham Hotspur is worth around £4B because of the infrastructure and assets. What is to stop a new owner coming in and essentially asset stripping the club, selling the property to themselves at lower prices and creaming all the profits off them, rather than them going into the club, or taking huge dividends out? Or both?

Yes there are entities out there that that will invest for success, but we already know that there are others who'll see this as a cow to be milked.

For all his faults, the only thing Levy took out of this club was a wage. A big one for sure but, when you are solely responsible for turning a business you bought for what, £22M? into a business valued at £4B, why wouldn't you take a top wage? By those lights he'd earned it.
What always made me laugh was the complaint about his wage, by the same people DEMANDING that he pay his employees over 5 times as much!

There aren't too many businesses in the World where the employees are paid hugely more than the guy who both owns and runs the place.

I worry because, despite their soundbite about wanting to be "more successful" on the pitch, I don't really believe the Lewis' actually give a shit. They won't care who they sell to, they'll get £4B to "ease the pain," whilst living thousands of miles away, so no Spurs fans to bother them.

Levy always said he saw himself as just a custodian of the club, and I believe he meant that. Yes he stands to profit handsomely from any sale, but I do think that he wouldn't sell to just anyone, he'd want to pass the club on to someone who would build on what he's done further.

I don't believe that will be the case with the Lewis'.

I hope I'm wrong, but knowing our luck...
I think I’m more concerned that we get a Boehly that wants to spend £1bn on random players that may or may not ever play for the club. Just trading in commodities.

:mourbye:
 
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