Hi Stevee
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Management ENIC
- Thread starter The Fighting Cock
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Hi Stevee
Hello John
How's things?
All good, you ?
Not bad. Keeping a low profile since getting a yellow warning for calling out a couple of childish posters who were throwing disgusting Gooner and Sol Campbell accusations around. So I'll chat more in a couple of weeks.
Good to see you back anyway, yiddo
:dierpochhug:
Good to see you back anyway, yiddo
:dierpochhug:
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If Spurs enterprise value is currently £3bn including £700m of debt then equity value is £2.3bn.
If a 10% placing brings in £250k to £300k then the equity value rises to £2.55 to £2.85 bn.
So not sure what the error in the calculation is ? Genuine question
Although you could say I'm expecting the new 10% shareholder to bring something to the table, other than cash, with extra commercial income from somewhere to arrive at the upper end of the £250m to £300m value of the placing, which is true, I am hoping that.
Isn't shocking how people, from all sides of various divides, throw out disgusting childish insults at people.
It's like people actually believe that we don't all want what's best for THFC and that some of us aren't "pwoper fans".
It's almost as if they can't have a proper debate, oh hum.
Yeah. Top post.
I think we can definitely agree on that, if little else.
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Only a paid up Hitchen bot would say that:contefacepalm:
In Spurs current situation, I would suggest that for the next 2-4 years they invest as much as they can in players (which is good for ENIC too as if they choose the right players its greater chance of CL, commercial sponsorship etc enhances the capital value of the club) and after that start to put away money to pay off bonds.
In addition, it would not surprise me if Spurs developed the flats and potential hotel etc (with the property development funded by bank debt and/or by a JV partner) that they own and use the proceeds (including a healthy profit on the property development) to help pay off the bonds, including possibly buying back some bonds earlier than their redemption date. Although with the low interest rates carried by bonds it might be tempting to keep the bonds and re-invest cash somewhere else to generate further profits.
See Liverpool example as to who might want to own 10% of a club.
460M, to 400M to 360M in the last three years! Any PLC would frogmarch out the CEO for such incompetence. Chelsea recenue flat so don’t blame Covid, this is on Levy
I didn't know that, cheers.
Are all the other clubs revenue drops on Levy too ?
Premier League club revenues fall - for the first time ever - to cause the largest pre-tax loss in Premier League history
Premier League clubs generated £4.5 billion of revenue during the 2019/20 financial year, a decline of 13% compared to 2018/19 (£5.2 billion). This is the first time that Premier League clubs have cumulatively reported a year-on-year fall in revenue.
"This is the first time that Premier League clubs have cumulatively reported a year-on-year fall in revenue."
The issue is we have no path back to 460, let alone exceeding it.I didn't know that, cheers.
Are all the other clubs revenue drops on Levy too ?
Premier League club revenues fall - for the first time ever - to cause the largest pre-tax loss in Premier League history
Premier League clubs generated £4.5 billion of revenue during the 2019/20 financial year, a decline of 13% compared to 2018/19 (£5.2 billion). This is the first time that Premier League clubs have cumulatively reported a year-on-year fall in revenue.www2.deloitte.com
"This is the first time that Premier League clubs have cumulatively reported a year-on-year fall in revenue."
Which makes good sense of ENIC at least casting an eye toward the exit door.
I don't agree with that.
We're in with a shot of CL qualification, which is worth £60 -100m, we still haven't had a full season of attendences in the new stadium and we've all the extra events lined up.
Whether we will get, or should get CL and who's to blame/praise for that is a separate argument but there is definitely a path to get back to the revenues we previously had.
Unless if course we never qualify for the CL again, which I suppose is a possibility.
Club's revenue tanking - you're an idiot - tell you what I'll bet you 20 quid to any charity you want that club revenue goes up this season ..... come on put your money behind your nonsense.
I'm confused. Match receipts are down year over year by over 90m, due to Covid.
Get butts back in the seats and we're almost back to 460m right there, no Champion's League final necessary.
Honestly, sometimes the hysteria on this forum is a bit much.
Who went to Cambridge