They know the price. They've been talking with us for about a year(??). The price is well published too, several ways to value a football club, but a widely trusted rule is 5-6 times revenue, which is broadly accepted.
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Management ENIC
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= 2 Marcus Rashford's on a 5yr contract. Doesn't really move the needle required for us to be challenging for a PL title, such is the vast void required to bridge the gap.
Spurs not for sale despite Staveley and consortium interest
Tottenham Hotspur is not for sale despite interest from Amanda Staveley, according to the Premier League club.
www.cityam.com
Claims it was post Levy.
Yeah the moves were made post Levy, according to the Athletic, who I'd trust more than Gold.Spurs not for sale despite Staveley and consortium interest
Tottenham Hotspur is not for sale despite interest from Amanda Staveley, according to the Premier League club.
Claims it was post Levy.
Tottenham Hotspur Raises £90 Million in Media Rights Deal
The Premier League’s Tottenham Hotspur has raised about £90 million ($122 million) through a receivables financing deal with Macquarie Group Ltd., at a time when the club is restructuring its management in its latest attempt for silverware.www.bloomberg.com
A charge for all media monies from PL for 2025/26 was lodged at Companies House a few days ago. Charge dated 28 August lodged at Companies House 1 September
In effect it allows Spurs to draw down all revenues which would be paid to Spurs by PL as their media fees/prize money (mainly in May 2026) ie early draw down to meet transfers in January and any other costs - think of it like an overdraft facility which is repaid by the receipt of monies from PL in May, and as such has a lower interest rate charged to Spurs
So I think Bloomberg has got this a little bit wrong - unless there are still documents to be lodged at Companies House and they are describing a different deal (which I would doubt).
Naming rights
Releasing equity to give us a fighting chance of competing today, instead of the jam tomorrow philosophy we've been fed for 25 years.
This would never have been sanctioned by Levy.
Promising signs.
To Dare is to Do
Tottenham Hotspur Raises £90 Million in Media Rights Deal
The Premier League’s Tottenham Hotspur has raised about £90 million ($122 million) through a receivables financing deal with Macquarie Group Ltd., at a time when the club is restructuring its management in its latest attempt for silverware.
Bloomberg really have screwed up with their article
The Charge is publicly available on Companies House website for Tottenham Hotspur Football and Athletic Ltd - so its not ' said the people, who asked to not be identified because the details are private.'
Its not an unusual thing to do - its pretty routine - its just bringing forward receipt of cash PL will pay us from May 2026 to anytime we want to draw it down.
The downside is if we draw down now we have much less money to spend in summer 2025 - so its short term borrowing and relies on us getting permanent investment later this season to replace the cash to give us cash to spend next summer
Spurs not for sale despite Staveley and consortium interest
Tottenham Hotspur is not for sale despite interest from Amanda Staveley, according to the Premier League club.
Claims it was post Levy.
Documentation signed 28 September - same dare we signed Simons - and a day or two before levy exit
Link?
I don't place limitless faith in Bloomberg, but I don't place limitless faith in laypeople scouring the public documents either tbh.
Athletic incorrect - documents on Companies House website say 28 August
or google 'Tottenham Hotspur Football and Athletic Co Ltf Companies House
then look at documents filed to open charge dared 28 August filed on 1 Sept
Doesn't get you much these days, that's probably a night out in London
Cheers though unless I've missed something I don't see where in that document it lists the amount borrowed or any reference to it being the ENTIRETY of the 25/26 PL distribution. Nor, critically, anything about the rate of interest.
No amount is shown in the document - but we know spurs received about £150m last season. Whether Macquarie would allow Spurs to draw down as much as that I doubt - I guess we'd be asked to provide a spreadsheet showing what we expect to receive and the assumptions, so bank can make a prudent calculation (that is way similar bank deals would work imo).
I think Bloomberg made up £90m
The charge document is NOT the whole commercial document - its a document to show the money is charged nothing more,
Think of it as the charge lodged by your mortgage lender at Land Registry - it will not show amount lent, interest rate or other details
They didn't make it up, sources who Bloomberg believes would have reason to know the amount told them that number.
It's a banal, plausible figure.
I dunno, I'm not betting my life on the accuracy of that report, but it seems reasonable to me, whereas clearly those specifics are not on offer in the public filings and I find it less plausible to think you could just intuit the amount from first principles.
Not trying to get into a row with you here, I don't even really know what we're talking about.
I'm still going to believe all this change when I see it. I can't help but feel sceptical, having supported this club for 30 some years. But it's a good sign.Releasing equity to give us a fighting chance of competing today, instead of the jam tomorrow philosophy we've been fed for 25 years.
This would never have been sanctioned by Levy.
Promising signs.
To Dare is to Do
I mean, if we paid out contracts in one go, sure. We also don't need cash to pay contracts. Cash is used for transfers, most of which are paid over 3/4 years.
So as much as it doesn't look like that much, it's a lot. But whether it gets used is another matter.