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Management ENIC

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ENIC In or ENIC Out

  • Total voters
    209
MemphisWill said:
I just cannot at all see ENIC selling the chunk of the club necessary to generate £600M. That would put the new owner's roughly on par with Levy's, which would honestly shock me.

My interpretation of "minority investors" has always been just that - they want someone who will chip in the extra cash to take them closer to the PSR limit and fund the 10-15% increase in wage:turnover without ENIC having to liquidate funds to inject themselves.
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I think we are agreed that the circa 10% to 15% shareholding is not compatible with circa £600m given our joint expectation of the total 'enterprise' value of the club.

The only ways I could square that circle is :
1 The circa £600m somehow comprising both an equity injection and some kind of debt component
2 The investor being prepared to buy into Spurs assets such as property at a value closer to value when built - even though they currently are not and the cash injection from the investor is required to build them.
3 At least part of the equity injection is to be priced at some future time when Spurs value has increased significantly - to what extent an investor is willing to do this is a challenge

........ so as you can tell from the above, I'm struggling to define a deal likely to be acceptable to both Spurs and incoming minority investor which helps bridge the gap between % shareholding and £ cash injection.

I, like you, think that the immediate effect on Spurs investment in playing squad will be significant but more incremental rather than blowing every other club out of the water. But I'm also expecting part of the investment to be into assets owned by Spurs (eg property) which will throw off cash in the future thereby giving a 2nd boost to Spurs investment in playing squad in a couple of years time.

Lets see what actually happens !
 
Kaz Hirai said:
that's just because the media hire ex players from those clubs to go on about them. there's plenty love from the likes of Van der vaart, mido, vega, Bale, Keane, Defoe, dawsaon, sandro, lamela etc.

if just half of those became mouthpeieces for skyports/bbc/BT it would be just as nauseating for opposing fans as the current gooner/united/pool crop is for us
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If the best we can do is players that were with the club 15+ years ago; and Lamela...that only backs up my point.

The only player from recent history who has had good things to say about the club has been Jan Vertonghen.

Dier/Lloris/Moura/Kane/Alderweireld/Rose/Eriksen all were key players who spent significant time with the club. Do you see any of them singing the praises of Spurs?

You literally can't move for ex Liverpool/United/Chelsea/Woolwich players for gushing about their club and attending games. How many ex Spurs players come and watch us play?
 
MemphisWill said:
On one hand this is a terrible look for the club. On the other hand I remain surprised by the number of professional footballers who expect to live on the cuff. Tottenham already paid him millions, didn't they? His own fault he twatted it away.

I get that he's hard off now, but it's a bit nonsensical to say the club ought to front tickets for someone who threw away £20M+ and yet still charge a supporter whose earned not a penny but paid in loads over the years.

And the "with all I did for that club" line....as if he done it for charity?
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Anticipation Popcorn GIF
 
Brian Fantana said:
Here comes our man....wait for it. Shameless as always!

Supposed ITK 1, 47 minutes ago...

riley FTL: Allegedly 12.5% £700m done last week. Qatari money

Supposed ITK 2, 29 minutes ago....

from crowny on simb: Money from Qatar via Staveley seems fairly nailed on now. Circa £600 million for 12.5%. Levy’s exit is coming - if no doubt protracted over a few years.

Hercules, 20 minutes ago...

Very close now. Have to be careful with what I say. But exciting times. They have different views on who they see can lead us in n the pitch
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We should be really thankful that we have an ITK in Hercules that is so close to the club he is privy to the finer details of billion $ business dealings of the club.

For what its worth, Lewis has been out for quite some time - he no longer has any interests in ENIC. The Lewis family trust own 70% of ENIC - And Joe is not a beneficiary of this trust.

ENIC owns 85% of the club; rest is held by 30k individuals.

My guess is that a good chunk ENIC shares are up for sale, whilst still retaining majority ownership with ENIC.
 
MemphisWill said:
My interpretation of "minority investors" has always been just that - they want someone who will chip in the extra cash to take them closer to the PSR limit and fund the 10-15% increase in wage:turnover without ENIC having to liquidate funds to inject themselves.
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Just spitballing: But it could be that the minority ownership stakes comes with a right of first refusal (probably time barred) for more stake in the club after Joe's passing depending on if Vivienne and his other children want to keep majority ownership or not. Kinda like how the guy who was made to sell the Phoenix Coyotes has a 5 year first right to a NHL expansion team (if he can prove that he has the money and a proper arena).
 
Whatever comes of this, ENIC have had 25 years and don't prioritise football. If we want to win we need a change
Even the 30 or so people on here who want them to stay must realise this.
 
Enic by their own admission, got into football for financial reasons not football ones.
They invested and now seek to cash in on that, and good luck to them in doing so.
Hopefully they sell to people who, want to experience the glory times rather than, it just being a welcome distraction.
 
So all the pro-ENIC posters, who lean heavily on the argument of "it could be worse" or point and shout at the Sugar era.....

How do you think a charlatan type chairman/person would acquire THFC in 2024 or beyond?
The club is (apparently) worth in excess of £4,000,000,000 today.

Sugar paid £8m for Spurs in 1991. Using an inflation calculator, that's £17.8m today.
So we wouldn't get a Sunday market bellend again.

Only the wealthiest of individuals and companies would be able to get close to buying THFC. Generally speaking, only those with enough knowledge and sense to have acquired that level of wealth. The days of Alan Sugar, Simon Jordan, Jack Walker etc striking it rich and treating themselves to a football club are gone.

You may then point to/at Todd Boeley and ask how he managed to buy Chelsea and make such a dogs dinner of it?
And yet, there they are, in 4th, W4, D2, their only loss was to City. They were also on an upward trajectory last season and, could anyone ever accuse him of being tight and not trying to get success?

Newcastle? Top 4 in their first full season. Hiddeous injuries in their 2nd season. Seem to be struggling to find their way around FFP, which isn't so much of a problem for Spurs and Chelsea right now.

I just can't see a way a sub par, innept person or company could ever buy Spurs from LevyNIC and be worse. The odds are, they'd be better because they'd do something different.
 
Matt1882 said:
So all the pro-ENIC posters, who lean heavily on the argument of "it could be worse" or point and shout at the Sugar era.....

How do you think a charlatan type chairman/person would acquire THFC in 2024 or beyond?
The club is (apparently) worth in excess of £4,000,000,000 today.

Sugar paid £8m for Spurs in 1991. Using an inflation calculator, that's £17.8m today.
So we wouldn't get a Sunday market bellend again.

Only the wealthiest of individuals and companies would be able to get close to buying THFC. Generally speaking, only those with enough knowledge and sense to have acquired that level of wealth. The days of Alan Sugar, Simon Jordan, Jack Walker etc striking it rich and treating themselves to a football club are gone.

You may then point to/at Todd Boeley and ask how he managed to buy Chelsea and make such a dogs dinner of it?
And yet, there they are, in 4th, W4, D2, their only loss was to City. They were also on an upward trajectory last season and, could anyone ever accuse him of being tight and not trying to get success?

Newcastle? Top 4 in their first full season. Hiddeous injuries in their 2nd season. Seem to be struggling to find their way around FFP, which isn't so much of a problem for Spurs and Chelsea right now.

I just can't see a way a sub par, innept person or company could ever buy Spurs from LevyNIC and be worse. The odds are, they'd be better because they'd do something different.
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The buzz alone of someone buying into or buying out Enic would lift the club.
The cloud of mediocrity could be lifting, and maybe this club moves onto to great things.
 
I'd bet quite a few big players were at the ground for the NFL. It's quite a spectacle.
Sadly it probably doesn't mean anything much at all.
 
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