• The Fighting Cock is a forum for fans of Tottenham Hotspur Football Club. Here you can discuss Spurs latest matches, our squad, tactics and any transfer news surrounding the club. Registration gives you access to all our forums (including 'Off Topic' discussion) and removes most of the adverts (you can remove them all via an account upgrade). You're here now, you might as well...

    Get involved!

Management ENIC

Latest Spurs videos from Sky Sports

ENIC In or ENIC Out


  • Total voters
    208
I was wondering this morning if Staveley and her consortium may see relegation or scraping survival as a perfect opportunity for acquiring the club.
That's the one glimmer of hope I'm clinging to in this mess. Despite what others say, I'm convinced relegation won't put off any serious buyer..
They will still see the long term potential of a London based club with one of the biggest global fanbases in England.
History shows that most buy outs occur when a club is at its lowest point, and very rarely at it's highest.
 
That's the one glimmer of hope I'm clinging to in this mess. Despite what others say, I'm convinced relegation won't put off any serious buyer..
They will still see the long term potential of a London based club with one of the biggest global fanbases in England.
History shows that most buy outs occur when a club is at its lowest point, and very rarely at it's highest.

One of my fears is that they will try and sell the club but keep the stadium. Tavistock are principally a property investment firm.

The Stadium is a cash cow now
 
One of my fears is that they will try and sell the club but keep the stadium. Tavistock are principally a property investment firm.

The Stadium is a cash cow now
But that would only be doable with a very long-term lease for the club. Even then, I think there would be a significant discount, effectively a dis-synergy, as a result of the risk such an arrangement brings.

It's not impossible, but ultimately despite how we bemoan the non-football focus, it's actually the football side of the business that has the greater growth potential ... because there are only so many non-football events you can host at the stadium. Ok, there is some one-off potential re the land around the stadium, but vs the potential growth in the footballing income over the long-term, it isn't huge.
 
I was wondering this morning if Staveley and her consortium may see relegation or scraping survival as a perfect opportunity for acquiring the club.

Say it’s worth £4B and they offer £3.5B even if relegated, the Lewis family may not have the appetite for Championship football or a full rebuild if we survive.

If we’re relegated, the consortium may fancy the long game and their chances of bouncing us straight back up under someone like Poch with the appropriate investment.

Whatever happens I hope the existing ownership have had enough and sell up.

If we get relegated, I think ENIC will sell up as quick as they can, they won’t want to deal with the nuclear heat they’ll have on them from the supporters and the media, and they won’t want to have to deal with the financial fallout that comes with it.
 
If we get relegated, I think ENIC will sell up as quick as they can, they won’t want to deal with the nuclear heat they’ll have on them from the supporters and the media, and they won’t want to have to deal with the financial fallout that comes with it.
All depends on price. But it's just possible there is a deal to be done where, as Harrier says, they get a decent price, and someone with balls takes the risk, and takes the club forward
 
I was wondering this morning if Staveley and her consortium may see relegation or scraping survival as a perfect opportunity for acquiring the club.

Say it’s worth £4B and they offer £3.5B even if relegated, the Lewis family may not have the appetite for Championship football or a full rebuild if we survive.

If we’re relegated, the consortium may fancy the long game and their chances of bouncing us straight back up under someone like Poch with the appropriate investment.

Whatever happens I hope the existing ownership have had enough and sell up.
Oh Staveley and other interested parties are probably following the current situation with great interest. Even if we just barely scrape by it gives a potential new owner the chance to come in as the "gallant rescuer" and have instant good will just by virtue of not being ENIC.
 
But that would only be doable with a very long-term lease for the club. Even then, I think there would be a significant discount, effectively a dis-synergy, as a result of the risk such an arrangement brings.

It's not impossible, but ultimately despite how we bemoan the non-football focus, it's actually the football side of the business that has the greater growth potential ... because there are only so many non-football events you can host at the stadium. Ok, there is some one-off potential re the land around the stadium, but vs the potential growth in the footballing income over the long-term, it isn't huge.
Yeah. You don't build a massive football stadium without a football team in it. Even if the arena is multi purpose.
 
If we get relegated, I think ENIC will sell up as quick as they can, they won’t want to deal with the nuclear heat they’ll have on them from the supporters and the media, and they won’t want to have to deal with the financial fallout that comes with it.

I think the opposite. If we go down the value is hit massively, from what we know of their love of money, they arent taking a hit on that. Think back to Mike Ashley and Newcastle. He didnt sell when they went down, he waited to get him money when they came back up. We are in an identical situation.

I think if we stay up it is 50/50 as to whether they sell us before August.

Regarding Staverley. It would be just our luck a deal would be teed up and then the regulator will oppose it because of where the money is coming from. That would be typical Spurs.
 
I think the opposite. If we go down the value is hit massively, from what we know of their love of money, they arent taking a hit on that. Think back to Mike Ashley and Newcastle. He didnt sell when they went down, he waited to get him money when they came back up. We are in an identical situation.
Depends very much on the price.

They may take a hit if it’s not too significant rather than put their own money into the huge rebuild required.
 
Depends very much on the price.

They may take a hit if it’s not too significant rather than put their own money into the huge rebuild required.
Yeah, that's the thing. It's possible Stavely has greater resources, and has a more optimistic view of future football club valuations, and therefore that her lot might be willing to pay a fairly generous price for a Champo club (!!!) that is acceptable to ENIC. ENIC will (should!) be burned by the 25-26 relegation season and not take promotion for granted.

That's the hope anyway.
 
I think the opposite. If we go down the value is hit massively, from what we know of their love of money, they arent taking a hit on that. Think back to Mike Ashley and Newcastle. He didnt sell when they went down, he waited to get him money when they came back up. We are in an identical situation.

I think if we stay up it is 50/50 as to whether they sell us before August.

Regarding Staverley. It would be just our luck a deal would be teed up and then the regulator will oppose it because of where the money is coming from. That would be typical Spurs.
I don't share your negativity with regards to relegation and a potential sale, Brian.

I don't think the overall valuation will take a significant hit. The long term potential is still there, and new owners would possibly relish the opportunity to start from a low point and build the club back up to where we belong.
And the immediate investment needed to challenge for the Championship would be far less than what would be needed to take us to the top end of the PL

Newcastle is different. Mike Ashley is different. There was no serious interest in the club 10 years ago.
Had they been in the Championship when Amanda Staveley was getting her consortium together they would have still looked at Newcastle regardless what division they were in.

I honestly think that if we stay up, the chances of a sale are smaller than if we go down.
 
I don't share your negativity with regards to relegation and a potential sale, Brian.

I don't think the overall valuation will take a significant hit. The long term potential is still there, and new owners would possibly relish the opportunity to start from a low point and build the club back up to where we belong.
And the immediate investment needed to challenge for the Championship would be far less than what would be needed to take us to the top end of the PL

Newcastle is different. Mike Ashley is different. There was no serious interest in the club 10 years ago.
Had they been in the Championship when Amanda Staveley was getting her consortium together they would have still looked at Newcastle regardless what division they were in.

I honestly think that if we stay up, the chances of a sale are smaller than if we go down.
it's a fair challenge. And having thought going down would mean ENIC stick around to get us back up and "max out", I'm coming round to the view that the valuation will take a modest hit, but ENIC's appetite for investing to "max out" (by that I mean really successful in the PL, and CL, and building the franchise globally over a few years ... as we were doing under Poch)... may well be significantly reduced. It might seem like a long haul, requiring a lot of money, with a lot of risk.
 
Gareth Bale saying exactly what I've been saying for years ⬇️

"Look at the wage bill - it's lower [than other clubs with big ambitions].

"They always seem to buy young and hope they're going to grow into something bigger, which has worked in the past with me and a few other players, but they're an established club now.

"They have the stadium, they have the training ground, they have the fan base. They need to be buying bigger players, maybe paying a bit more. It's that bit of a gamble that you maybe need to take that, from a business point of view, they're not willing to do.

"For me that's probably the biggest issue - they don't sign the finished player.

"A £50 million player is not what it used to be. You have to be spending £80m, £90m, £100m now just to get a good player.

"It's like they just need to gamble a bit more, other clubs are more willing to take a risk financially."

One of us
 
Gareth Bale saying exactly what I've been saying for years ⬇️

"Look at the wage bill - it's lower [than other clubs with big ambitions].

"They always seem to buy young and hope they're going to grow into something bigger, which has worked in the past with me and a few other players, but they're an established club now.

"They have the stadium, they have the training ground, they have the fan base. They need to be buying bigger players, maybe paying a bit more. It's that bit of a gamble that you maybe need to take that, from a business point of view, they're not willing to do.

"For me that's probably the biggest issue - they don't sign the finished player.

"A £50 million player is not what it used to be. You have to be spending £80m, £90m, £100m now just to get a good player.

"It's like they just need to gamble a bit more, other clubs are more willing to take a risk financially."

One of us

Good lad Gareth. Not the average thicko footballer for sure.
 
Back
Top