ThemHe'll be lurking in the doldrums with his 25% like Gollum, yearning, hankering, lusting, to be reinstated at his precious stadium.
Lewisss has tricked spegial….its master kanes faults…yeees him and charleees faults
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Lewisss has tricked spegial….its master kanes faults…yeees him and charleees faults
Oh come on…. It’s been obvious for most of the last 25 years that ENIC was effectively Joe Lewis and Daniel Levy. Joe is now 88, and is no longer involved, and hasn’t been for a few years.
Show me the ENIC or Lewis communications that detail this. In fact even now their only communication is via a new proxy, our new CEO. I’ll take that as an improvement because for the first time ever the names of our majority shareholders were named in a statement made by the Club.
That is all that has happened, there is a lot more information that’s still required,like how the shares are distributed in the family, if indeed they have been at all, if they have then does this mean that Levy now hold more shares than Lewis individual’s? Are the shares still in trust? If so, how does this work operationally?
Some of you people need to get a life. The man who made this club one of the strongest clubs, financially, in the world just stepped down, in an effort to put more emphasis on team success.
This rhetoric and bile about the man sounds like we just expelled Satan from the Vatican. He also pumped a lot more money into the team than some people make out, something he managed whilst making the "business" solid enough to do so after a one billion pound spend on possibly the finest public arena on the planet.
And yet no mark bozos who can't even make their salaries last a month slag him off as if he was a bumbling incompetent.
I would loved to have seen him spunk more money on galacticos and winning silverware, but I'm not going to ignore the fantastic work he did on keeping it British and making it a secure and financially solid club, without the support of oil wells or Russian mafia money.
This rhetoric and bile about the man sounds like we just expelled Satan from the Vatican. He also pumped a lot more money into the team than some people make out, something he managed whilst making the "business" solid enough to do so after a one billion pound spend on possibly the finest public arena on the planet.
And yet no mark bozos who can't even make their salaries last a month slag him off as if he was a bumbling incompetent.
I would loved to have seen him spunk more money on galacticos and winning silverware, but I'm not going to ignore the fantastic work he did on keeping it British and making it a secure and financially solid club, without the support of oil wells or Russian mafia money.
Where does he stand on the ENIC out/in issue?Interesting useless trivia - Jerry Lee's illegitimate son, who played the piano in the Dennis Quaid film - lives down the street from me, and is sitting in his garage playing the keyboard most days on the route of my evening walk.
A kind of Weekend at Bernie’s vibe…
Watched that as a kid, I can’t really remember but I suspect It was shit.
As my dear old gran used to say ‘You can’t educate pork!’
He was sacked, Mick....Fired,..Canned
Despite his financial wizardry we just finished 4th bottom and lost more matches than we had in like over 100 years. Under his watch.
Young Vivienne kicked his ass out the door
Deal with it, man
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Strange stadium accoustics?
I think given the numbers involved, even a smooth takeover would take months, possibly even longer.
Love that film.He was sacked, Mick....Fired,..Canned
Despite his financial wizardry we just finished 4th bottom and lost more matches than we had in like over 100 years.
Young Vivienne kicked his ass out the door
Deal with it, man
I'm not the one having to deal with anything, but you areHe was sacked, Mick....Fired,..Canned
Despite his financial wizardry we just finished 4th bottom and lost more matches than we had in like over 100 years.
Young Vivienne kicked his ass out the door
Deal with it, man
I wanted him replaced - he has been
I still appreciate what he's done for the club - even though I think he could have done more for the team
Sacked - not so sure, I can see that the toll of the abuse got to him and he had a discussion with Lewis that involved him standing down - and at his age, why would he put himself through all that shit when he's minted?
But if it makes you feel better that it was an ignominious sacking - then fill your boots.
Sacked mate
We should see bigger sponsorship income over the next year or so - the AIA shirt sponsorship contract ends at end of 2026/27 and as bondholders wanted guaranteed income streams we ended up with a 7 year deal at £40m pa. The going rate is now much higher (ManU @ $75m pa or circa £60m pa) so that sponsorship should increase.
Whilst a stadium naming rights deal has been much talked about it looks from comparable deals that £15m - £20m pa might be the most Spurs could get, but that would mean the loss of revenue generated from NFL matches being broadcast from 'The Tottenham Hotspur stadium' as it becomes the XYZ stadium instead. So the real income increase will be a lot less than the £15m-£20m pa.
FYI historically Spurs sponsorship deals seem to have been increasing by maybe £30m pa for a few years.
However Spurs needs are multiple hundreds of million of pounds over the next couple of years to plough into the squad - far higher than can be got from increases in sponsorship.
So the only realistic way to get that is from either enic/Lewis family pumping that money in - something they have been very reluctant to do in past (at total of £110m has been invested over 25 years, including the £100m about 3 years ago) or to create new shares (so money goes directly to Spurs) for a minority investor (lets say 10% or 15% for £300m investment assuming Spurs worth £3 bn - £4 bn ish).
So are the Lewis family going to put hundreds of millions in the club themselves or accept dilution of ownership ? Both options available to them for 25 years but neither option taken up.
So we wait to see if Lewis family find the money - or its all talk of 'wanting success for Spurs' is just ...... all talk no trousers.
Tottenham Hotspur: How would a takeover work and what could it cost?
Daniel Levy's shock exit from Spurs has raised major questions about the club's future. Here, we provide some answers
www.nytimes.com
I do not think they need to release a statement until about October 5th (or later date if agreed with takeover panel) which is a statement saying they do not intend to bid for at least another 6 months (if at all).
Until that date they could announce a bid.
Tottenham Hotspur: How would a takeover work and what could it cost?
Daniel Levy's shock exit from Spurs has raised major questions about the club's future. Here, we provide some answers
I think that is correct.
However buying enic creates more problems as enic owns assets/businesses outside of Spurs.
The cleanest way to do things would be for any bidder to bid for enic with a condition of sale that all other assets and liabilities not part of the Tottenham Hotspur Limited group of companies (including some property companies) are transferred out of enic before the transaction goes through. That 'cleaning up ' of enic is messy and takes time so any transaction could take a few months longer to be completed.
I suspect in the meantime the Takeover Panel would talk to their Bahamas counterparts to ensure everything goes through fairly and without any Takeover Panel rules being bent (nb the Bahamas Government has a Securities Commission who have issued a takeover code and rules which I do not know well, but will regulate how takeovers are conducted - not quite what Ali Gold said)
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Yessh gobbledygook can be most misleading. When asked if Spurs are up for sale Stefan Borson said " They’re not up for sale but that doesn't mean they aren't going to be sold." Also the 2 recently reported rejected bids were not formal bids as such but what is termed as ' expressions of interest'.Tottenham Hotspur: How would a takeover work and what could it cost?
Daniel Levy's shock exit from Spurs has raised major questions about the club's future. Here, we provide some answers
