Not really how it works, the debt is tied to the club for x amount of years and will be carried over to whom are potential new owners are, it's BAU as far as they're concerned, it will just keep on being paid off every year until its done.
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Not really how it works, the debt is tied to the club for x amount of years and will be carried over to whom are potential new owners are, it's BAU as far as they're concerned, it will just keep on being paid off every year until its done.
That is a 'valuation' issue.
The latest bid for £3.4 bn is to buy 100% of shares which has within it the £800m (or so) debt .
So its equally true to say they value Spurs at £4.2 bn (3.4+0.8).
In regards to the most recent bid I assume that ENIC have just sussed out that this dude just isn't a serious bidder.
While they may be open to sell (in spite of their public stance) I would assume that they want to sell to someone that can a: actually pay the price for the club. And b: run us decently. Because selling to someone that just lets us collapse would look bad for ENIC as well to a degree.
It's not about Spurs ninny it's about the potential buyer...
The PR he get's in the papers for making such a move - Who the fukk knew of this 'Stavely' before the news broke with Spurs & who thought he would have the money or an intention to go into Football??? not many my friend...
Think about how the Media is used my friend.
I have contracts with some of the top banks & they do this shit all the time.
You leak the information to the press therefore having to force the potential seller to issue a statement by weaponising the media for future investments...
Educate yourself to how this process is done my friend you'll learn something :-
How it influences B2B - The role of social media in B2B buyers’ decision making | B2B Marketing
The PR Strategy for Acquisitions: Why Buyers Need More Than a Press Release
In the world of acquisitions, buyers typically prefer pre-vetted companies. The vetting process identifies opportunities with true potential, allowing buyers to launch into the process with a high
otterpr.com
So please tell me that :-
1 - The buyer hasn't received positive media attention buy us being a high profile club
2 - The buyer is now known to have such funds publicly & intent
3 - The Seller responded officially due to the Code
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At NASA, I gather he was a space cadetThat's it, didn't read any more.
If he's connected in any way with NASA, I'm 100% in.
Total fan boy, me.
Who knew of Stavely? Amanda Stavely, The person that brokered the Newcastle deal? If you haven't heard of her, I suggest digging your head out of you behind. I'm talking about the buyer, ninny. Our global brand isn't enough that some American is going to magic up some street cred. This other tech guy also doesn't need us for "street cred".It's not about Spurs ninny it's about the potential buyer...
The PR he get's in the papers for making such a move - Who the fukk knew of this 'Stavely' before the news broke with Spurs & who thought he would have the money or an intention to go into Football??? not many my friend...
Think about how the Media is used my friend.
I have contracts with some of the top banks & they do this shit all the time.
You leak the information to the press therefore having to force the potential seller to issue a statement by weaponising the media for future investments...
Educate yourself to how this process is done my friend you'll learn something :-
How it influences B2B - The role of social media in B2B buyers’ decision making | B2B Marketing
The PR Strategy for Acquisitions: Why Buyers Need More Than a Press Release
In the world of acquisitions, buyers typically prefer pre-vetted companies. The vetting process identifies opportunities with true potential, allowing buyers to launch into the process with a high
So please tell me that :-
1 - The buyer hasn't received positive media attention buy us being a high profile club
2 - The buyer is now known to have such funds publicly & intent
3 - The Seller responded officially due to the Code
Again what tangible benefit do people get from using us as clout? I'm well aware of the takeover process, but until the the club say they're open to a sale, we'll not know if they have money. Because until there's a sale agreed no one is going to advance to the new owner and director tests, which test the feasibility of the buying party.
Your patronising waffling is utterly ridiculous. You keep copying and pasting this process, which we all know. All interest has to be made public one way or another. They say they're interested, then the club decides if they want to sell, of they don't or don't want to do a deal at X price, then they have to publically say they're not making a move, or making they're going to make a bid regardless and put that amount into the media. This is on the club because they floated it on the London stock exchange. This process isn't flexible, all interested parties have to make it public.
Weaponising haha declaring interest on buying a company isn't weaponising shit. Any expression of interest *has* to be made public.
I heard there's a good deal on tinfoil down at your local ASDA. Might be worth picking up a few hundred meters of it.
Against the cost of building a new stadium and with the structuring of the debt, it's a good deal. There's not a hope in hell that the ENIC are paying off the value of the loan. They'll be buying out complete control of the club, with that, all operations. Whether that's fair or not is debatable, but to have that facility which generates massive revenue against tiny annual repayments is a no brainer.
I didn't Say I DIDN'T and you'd be bloody surprised what people don't know.
Not being patronising matey in anyway if that's how you take it then cool be you innit
Buy hey like I said this is about Media presence not the sale itself.
Considering waffle?!?!? I try to be rather succinct compared to you're mini essay.
You said nothing, insinuated that I didn't know what I was talking about and rehashed the same link.I didn't Say I DIDN'T and you'd be bloody surprised what people don't know.
Not being patronising matey in anyway if that's how you take it then cool be you innit
Buy hey like I said this is about Media presence not the sale itself.
Considering waffle?!?!? I try to be rather succinct compared to you're mini essay.
I feel comfortable writing an "essay" because unlike you, I actually do know what I'm talking about.
Still, how does getting "clout" benefit a prospective buyer? So they can say they failed in buying a football club? What a badge of honour. The system, as you've kindly spammed, says that any interest has to be made public, a position the club put itself in, but apparently that's weaponising a sale?
Complete and utter nonsense. Maybe build a proper understanding, before A, lecturing me, and B, making yourself look silly.
I see, I read the expression of interest was £4.5bn, but I get your point, they've basically increased the value of the club so the stadium debt is part of the package.
The weird thing about your last sentence the way I see it, is the logic would follow that the more of the stadium debt that is paid off the cheaper the club would sell for.
I didn't insinuate anything I just sent you reference material to back up my claim...
I do know what I'm talking about it's just I use references without having to retype shit over & over so it saves time for me.
Wasn't lecturing you either - wow you really are techy today eh?
I explained via PR, Media & Press exposure...one simple line for ya bud!
Anyways I'm done with this & here's why - I didn't say it was weaponising the SALE I said people were weaponising the MEDIA COVERAGE OF THE POTENTIAL SALE - this is why I know you haven't read what I've typed.
Moving on mah dude enjoy the match tomorrow COYFS!
I imagine that until they get to someone saying they'll pay ~£5bn for ENIC's full control, they're going to reject them off the bat. There's about 50% difference in price, so not chump change.
They say they're not for sale, but everything has a price. I just don't think buyers have got close to there yet.
Weaponising the media by following the protocols that the club imposed on themselves when they joined the London stock exchange? We'll never know how serious they were until a sale is agreed and we move on to the new owner checks. This far the other 11 of the consortium are unnamed so we have no clue what their purchasing power is. Same for any other prospective buyer.
You've sent in one study, I'm not reading a journal paper. It's a hypothesis as well, that will have arguments for and against what you're saying. It might be truer for this guy, it might not.
And because the club are saying they're not for sale, they have to guess what would be a suitable valuation for the club. And obviously you do your due diligence and have plans about what you want for a huge outlay like a football club.
Just dismissing these declarations of interest as people using the club as clout and that anyone that believes it are idiots, is a silly take.
Expression of interest 4.5 bn I think includes the 1.2 bn cash for players, so its a coincidence numbers are similar
The highlighted bit is not correct - if the debt was (say) £0.5 bn less as it had been paid off the amount to be paid for the equity would be higher.
(3.4+ 0.8) = 4.2
(3.4 + 0.5) = 3.9
No?
Eh? I know you’re not that dumb
You know they didn’t … thing is they offered a substantial kitty for the squad… will ENIC match that , we’ll see
ENIC know that the potent of spurs plus NFL is around 10 to 12 billion , it’s whether or not the want to wait for that to happen , they’re suggesting they want to
total debt now say 0.8 so add to 3.4 (what they pay for equity) = 4.2 , the 'enterprise value'
If 0.5 of debt is paid off they pay 0.5 + 3.4 for equity (3.9) but still have 0.3 debt (0.8 - 0,5) to take on when they buy equity. So 'enterprise value' is 3.9 +0.3 or 4.2 (ie same enterprise value)
If a prospective buyer needs to pay 0.3 the difference between 0.5 and 0.8, because more debt has been paid off, by the present owners, why don't they ask a buyer to pay the total debt before anything was paid off?
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The debt carries a fixed interest cost of circa 2.8% and average repayment of 20 years.
So enic has no incentive to pay it off early - impossible to get cheaper debt and they get a better return on money they could have used to pay off debt.
Same for buyers of Spurs - they would want to keep debt for as long a they could