• 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
    209
SpiderSpurs said:
Seems it could be bollox

Has anyone checked on Honest John Honest John :levywhoa:
Click to expand...
Click to shrink...
Lol at you stalking me around every thread looking for a bite 😆 ....
.

You're funny

giphy.gif
 
The apparent sale is very troubling. Firstly, I am truly shocked there is seemingly no first refusal right (never not seen it in a shareholder agreement). Secondly, the only thing I can think of is that the new owner is hoping either Lewis trust work with them or someone buys them out down the line (but that new owner wouldn't have to). Apart from that they are stuck with an illiquid asset that pays no dividends. It is all very odd.

Edit: the third option I guess is they want to buy Lewis out.
 
Last edited:
Raiders said:
The apparent sale is very troubling. Firstly, I am truly shocked there is seemingly no first refusal right (never not seen it in a shareholder agreement). Secondly, the only thing I can think of is that the new owner is hoping either Lewis trust work with them or someone buys them out down the line (but that new owner wouldn't have to). Apart from that they are stuck with an illiquid asset that pays no dividends. It is all very odd.
Click to expand...
Click to shrink...
It's that stupid that it's actually hard to believe it'll actually happen. Why anyone would buy such a large shareholding without any voting rights, place on the board etc is so strange. Textor did it at palace and sold up as he realised that he was taken for a ride by Parish.
Actually don't think it's serious and will come out in next few days that it's a publicity stunt just like their previous "expressions of interest"
 
Sidford said:
It's that stupid that it's actually hard to believe it'll actually happen. Why anyone would buy such a large shareholding without any voting rights, place on the board etc is so strange. Textor did it at palace and sold up as he realised that he was taken for a ride by Parish.
Actually don't think it's serious and will come out in next few days that it's a publicity stunt just like their previous "expressions of interest"
Click to expand...
Click to shrink...
This Brooklyn lad doesn't seem to be the brightest (I say as he has worked for literal NASA) so maybe Levy saw one final deal to pull off in order to help finance his NBA Europe bid.
 
Raiders said:
The apparent sale is very troubling. Firstly, I am truly shocked there is seemingly no first refusal right (never not seen it in a shareholder agreement). Secondly, the only thing I can think of is that the new owner is hoping either Lewis trust work with them or someone buys them out down the line (but that new owner wouldn't have to). Apart from that they are stuck with an illiquid asset that pays no dividends. It is all very odd.

Edit: the third option I guess is they want to buy Lewis out.
Click to expand...
Click to shrink...
I don't understand.
People on here for years were telling me how Levy was a lifelong fan, loved the football club, and only ever had the clubs long term interest at heart......
So, if that's all the true, he would never sell his stake to anything or anyone that wouldn't have the best interests of Tottenham Hotspur at the forefront of their intentions 😂
 
Last edited:
Raiders said:
The apparent sale is very troubling. Firstly, I am truly shocked there is seemingly no first refusal right (never not seen it in a shareholder agreement). Secondly, the only thing I can think of is that the new owner is hoping either Lewis trust work with them or someone buys them out down the line (but that new owner wouldn't have to). Apart from that they are stuck with an illiquid asset that pays no dividends. It is all very odd.

Edit: the third option I guess is they want to buy Lewis out.
Click to expand...
Click to shrink...

Agreed, and given the agreement was negotiated between Joe Lewis and Daniel Levy probably 25 - 40 years ago (before enic bought Spurs there were other investments), when Joe was in his prime and main source of the money to buy Spurs whereas Daniel was the operator putting in time but not cash, it would be inconceivable for Joe not to want a clause allowing him to take control if he and Daniel fell out, and equally not allowing Daniel to sell his stake to others (and Daniel likely to ask for reciprocity etc.

A shareholder agreement without such clauses is almost inconceivable between businessmen and a lawyer would probably call for men in white coats if their client wanted to sign an agreement without clauses of that nature in.
 
Ok, I can't read financial stuff. Just have some sort of mental block, my eyes and brain just melt. I completed a 4 year B.A. in the early 1990s, and since then have accumulated a Masters and 2 other post graduate diplomas, I'm not saying I'm a genius, far from it. I am admitting that I'm a complete imbecile when it comes to business and finance. I know I get paid once per month and I pick up extra for little private work I do, I've signed some forms my wife asked me to on a few occasions down though the years when we bought and or sold, houses, I also used to sign loads of forms and cheques in my thankfully soon to be ending role as a director of a training college, but the accountant had to do all the thinking and worrying about it. Oh and I tax and insure my car, That is the sum total of my financial wisdom, so would someone please tell me is Daniel Levy allegedly selling shares a good or a bad thing for Spurs
 
araby said:
Ok, I can't read financial stuff. Just have some sort of mental block, my eyes and brain just melt. I completed a 4 year B.A. in the early 1990s, and since then have accumulated a Masters and 2 other post graduate diplomas, I'm not saying I'm a genius, far from it. I am admitting that I'm a complete imbecile when it comes to business and finance. I know I get paid once per month and I pick up extra for little private work I do, I've signed some forms my wife asked me to on a few occasions down though the years when we bought and or sold, houses, I also used to sign loads of forms and cheques in my thankfully soon to be ending role as a director of a training college, but the accountant had to do all the thinking and worrying about it. Oh and I tax and insure my car, That is the sum total of my financial wisdom, so would someone please tell me is Daniel Levy allegedly selling shares a good or a bad thing for Spurs
Click to expand...
Click to shrink...

Levy is no longer part of management of Spurs, he's just a shareholder.

Shares being sold have little effect on the company (in this case Spurs) so its probably indifferent rather than good or bad
 
You must log in or register to reply here.
Back
Top