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Management Qatar holds Spurs talks

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Qatar holds Spurs talks as it pushes to add Premier League club to portfolio

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Matt1882 said:
I actually don't care too much for the questions that were asked here.

1) Is ok but you could ask that question every year, no matter what.
2) Reeks of the writer having an anti-Conte agenda
3) These people need to look around the rest of the league and ask who actually IS producing any quantity of quality youth. Our fans seem overly obsessed with this. The idea of constant promotion of youth is at odds with the desire to challenge at the top.
4) No prudent business is ever going to answer this. Especially one as media silent as ENIC/Levy
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I understand what you're saying, but I think I think it's their job to ask these sorts of questions, even if there's some degree of predictability when it comes to the responses. I haven't looked into this, so might be wrong, but I suspect most supporter's trusts ask their clubs similar sorts of questions (including about the manager if results and/or media statements suggest tension).

Can you think of any better questions that should have been asked but weren't?
 
coughymachine said:
I understand what you're saying, but I think I think it's their job to ask these sorts of questions, even if there's some degree of predictability when it comes to the responses. I haven't looked into this, so might be wrong, but I suspect most supporter's trusts ask their clubs similar sorts of questions (including about the manager if results and/or media statements suggest tension).

Can you think of any better questions that should have been asked but weren't?
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I think realistically, you combine Q1 and Q2 into 1 question. You also take the obvious anti-Conte sentiment out. The question then becomes;

"Do you have a clear plan for now and for the future. Fans are concerned the current coach has not signed a new contract, are there plans in place to handle this or find a suitable individual to continue the work done in qualifying for the CL"

Drop the youth question. If fans want to watch a team made up of youth players, go and find one that is. I can't believe they'd find one.

Change the last question to something more vanilla. You might get something in return rather than "we can't answer that"
Ask "is there any plans for the future whereby THFC can compete with the other top PL clubs.

Some generic questions?
Now the stadium us open and hosting events post covid, when can we expect to see the benefits in the team?
Now that the stadium is open, post covid with regular sell outs, what is the timescale for naming rights?
(You don't ask who it is or how much, just for an indication when it will happen by)


The fact is, we know it's like pissing into the wind when it comes to getting answers out of them.
 
Fattynomates said:
All this talk of paying the stadium debt off is stupid, if the Stadium debt is at 2.1% why would you pay it off now when you can get 5% interest on a standard savings account? If you wanted to you could just stick the stadium money in a high returns no risk savings account and enjoy the extra interest you would be making compared to the debt? :levystare:
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How did they get on in their golf this morning???

:levylol:
 
Ulrika Jonsson said:
I don’t believe this is right. The stadium finance is “good debt” - long term and at rates fixed when interest rates were at an all time low. it would be madness to clear this debt. Think about it like having a fixed rate mortgage on your house for the 25 year term. over time your income increases but the monthly repayments remain the same.

There are two ways for QSI to buy a minority interest in THFC. Either ENIC sells part of its circa. 90% shareholding or THFC plc issues new shares to QSI.

Let’s say THFC is worth £3.3bil and QSI buys a 30% shareholding in either model mentioned above.

If ENIC sells 30% of existing holding 90% holding
ENIC receives £1bil
QSI owns 30% of a business worth £3.3bil = £1bil of paper value
ENIC owns circa. 60% of a business worth £3.3bil = £2bil of paper value
Small shareholders own the balance of circa. £300m paper value

if THFC issues 30% of new shares to QSI
ENIC receives nothing
QSI owns 30% of a business worth £3.3bil = £1bil of paper value
ENIC owns circa. 60% of a business worth £3.3bil = £2bil of paper value
Small shareholders own the balance of circa. £300m paper value
THFC receives £1bn to invest in cinemas, apartment blocks and the occasional player

my view
Doing the latter dilutes the shareholding that ENIC holds in THFC without receiving any value. However you could say that injecting £1bil into THFC increases the value of the asset. Theoretically from £3.3bil to £4.3bil but 7nfortunatrly it doesn’t quite work like that.

Given Lewis transferred the 70% shareholding he has in ENIC to his kids at the back end of last year and therefore selling part of the ENIC stake in THFC as part of his personal succession planning is much more likely than trying to get a big cash injection so we can have a wild splurge on the transfer market.

sorry to disappoint. I highly doubt that QSI coming in will be a Santa Claus for our transfer Kitty.
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totally agree. He's had years to inject cash to increase the on-field performances. Why do it now? I just don't see it.

I see ENIC getting their original investment back with a healthy profit, whilst QSI get a minority stake and stadium rights, of which the former only benefits the team but not to the level everyone is hoping.

The problem this causes, is it blocks any future total takeover, unless QSI ditch their majority holding in PSG but as has already been pointed out, there is a huge political and energy connection with the French Government and Qatar.

This really has the potential to be the worst of both worlds. For those that want Levy out, he will be around for a lot longer, and the chance of a sugar daddy coming along to save us will be blocked.
 
Taricco's Tackle said:
What do you mean believe? The accounts are public. Read them.


Plenty of wealthy people work late into their lives because they enjoy it and want to provide for their family. ENIC 100% bought purely as an investment but with reports recently that Levy wants to stay as chairman even if he sells he club, I'd say he now views the club as his life's work.
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Sad Ben Affleck GIF
 
Matt1882 said:
People can't get their heads around it, can they. It's like taking a mortgage on a second house and renting it out for more per month than the cost of the mortgage. It's not a debt, it's a net asset.
They also would hit the roof if we saved up a billion quid to pay it off. That would come at the expense of transfers, salaries, coaches the lot. ~We'd be in league 2 by then.

How often do people walk into car dealerships these days and pay £50-£60k for a new car? Low interest PCP deals rule that world. If you have £50k in your bank, you're better off buying stocks and shares and getting a return on it.
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that's in part to the 'must have it now' nature of society. In generations gone by, people would be more restrained. Now everyone wants the flashiest, phone, car, bigger house and half can't really afford it. PCP is quite high and can have a large deposit or final balloon payment, which encourages follow-on deals.

What's generally cheaper, well always was, is a bank loan, buying the car then servicing that debt. At the end of it you're left with an asset that you can flip to recoup part of the original investment. You can also drive a hard bargain at the point of purchase with cash if you're willing to shop around.

PCP is generally easier to get than a loan as they don't ask many questions, however you pay a higher rate for that ease and it's why lots of people go for it.

But the general sentiment of loans and debt it correct, if you can get a big mortgage fixed for 25 years that's a low percentage, it's highly likely the appreciation on that assets will far outstrip the interest on the debt. So you're literally using someone else's money to make you money. For lots of people they feel uncomfortable with that strategy.
 
Jayc1 said:
That's what's odd. The club usually ignore the Trust or take weeks/months to reply. This time they responded within days, with assurances. It's an out of character response.
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I guess silence speaks volumes and when they do finally come out with a bland response, the transfer window would have closed. I imagine early in Feb we will hear the following:

QSI (or someone) purchase 25% of ENICs holding
QSI sign a ten year naming rights deal valued at £30m per year

And the reason they didn't announce it before was being held over a barrel for transfers.

It will mean little to the club, maybe just enable us to buy one more player, or get a slightly higher calibre across a couple of signings.
 
For better or worse said:
that's in part to the 'must have it now' nature of society. In generations gone by, people would be more restrained. Now everyone wants the flashiest, phone, car, bigger house and half can't really afford it. PCP is quite high and can have a large deposit or final balloon payment, which encourages follow-on deals.

What's generally cheaper, well always was, is a bank loan, buying the car then servicing that debt. At the end of it you're left with an asset that you can flip to recoup part of the original investment. You can also drive a hard bargain at the point of purchase with cash if you're willing to shop around.

PCP is generally easier to get than a loan as they don't ask many questions, however you pay a higher rate for that ease and it's why lots of people go for it.

But the general sentiment of loans and debt it correct, if you can get a big mortgage fixed for 25 years that's a low percentage, it's highly likely the appreciation on that assets will far outstrip the interest on the debt. So you're literally using someone else's money to make you money. For lots of people they feel uncomfortable with that strategy.
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That's not entirely true. PCP monthly price is not based off the entire value of the car, whereas a loan is. It's based off depreciation and the less the final balloon payment. IE, they estimate a 30% reduction in value over 4 years so the monthly cost is is based off 70% of the car value. (I made those numbers up, could be more or less either way)
The deposit can be next to nothing and the apr these days is around 5-6% which is competitive against loans.
People who buy new cars don't tend to buy them to keep them until they're old cars either.
Many are more than happy to give them back and get another new one in a few years. At which point, the cost of the PCP often works out less than the cost of buying a car outright, letting it depreciate, and then trying to sell it. Obviously not applicable to every car and every buyer, but this is fairly straight stuff now.

A nearly new car already depreciated by 30% or so is 100% better off purchased as a loan. The numbers don't stack up with PCP at all.


In case you can't tell, I spend a lot of time looking at this shit lol.
Possible ULEZ expansion is making me look at many options and working out the maths
 
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