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Management Who is Jahm Najafi and will he be better than Enic?

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www.forbes.com

Why Tottenham Hotspur’s Sale Price Is Falling

Tottenham Hotspur has been on the sale block for several months.
www.forbes.com www.forbes.com

Why Tottenham Hotspur’s Sale Price Is Falling​

Mike Ozanian
Forbes Staff
Traffic cop at the intersection of money and sports

Tottenham Hotspur has been on the sale block for several months. The Financial Times reported Wednesday that Iranian American billionaire Jahm Najafi, the chairman of MSP Sports Capital, is preparing a blockbuster $3.75 billion (3.12 billion pounds) bid for the team, consisting of about $3 billion in equity and $750 million of debt. Najafi is a minority shareholder in the NBA’s Phoenix Suns.

The English team has a lot going for it. Controlled by David Levy since 2021, it plays in a new stadium in London, Europe’s best soccer market. Tottenham, which currently sits in fifth place in the Premier League, is also very profitable. For the 2021-22 fiscal year, the team had $537 million in revenue, 23% more than the previous year, while operating income (earnings before interest, taxes, depreciation and amortization) came in at $138 million, a 20% increase from a year ago. Last May, the team’s owners kicked in $182 million of cash to help the team upgrade its roster.

Yet the price for Tottenham Hotspur has been falling, at least according to the potential investors with whom Forbes spoke.

According to one of the people, “We got a call a few weeks ago saying that 10% to 20% of Tottenham could be had at a $4.5 billion enterprise value. Their pitch is that it has the most runway to grow given the stadium and its relationship with the NFL.” (The stadium hosts American football games.)

MSC Sports Capital did not respond to an email from Forbes asking about the potential sale. But the main reason the value of the team may have dropped to $3.75 billion from $4.5 billion is simple supply and demand. There are a lot of big-name European soccer teams on the market.
In England, Manchester United, Liverpool and Everton are being shopped by their owners. In Italy, Inter Milan is reportedly looking for capital. And in recent months, both AC Milan and Chelsea were sold. Unlike in the U.S., where it’s rare that several big-brand sports teams in one sport are on the market at the same time, across the pond the opposite is true.
 
This is never going to happen unless the most astronomical sums are involved. ENIC have an incredible asset making them stupid money on a global scale and enabling them some vanity and reward individually.

Also, from our perspective, these cunts look like Moshiri type clueless foreign wanker vibes.

Fuck ‘em all.

:wansum:
 
Airfixx said:
For you

Hahahahah..... ❤️
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Careful.

You'll have the forum gossiping!

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FightingIllini said:
It's such a funny response for them to say they're committed to their long term plans when they have a DOF under indictment, the short-term-est manager on earth, a ticking time bomb contract situation with their 29 year old talisman, every transfer they excruciatingly squeeze over the line is some byzantine loan-to-buy and they're flirting with reappointing their old manager from four years ago just to stave off a fan revolt for one more news cycle.

There are no long term plans here Daniel. You're not fooling anyone anymore.
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The long term plan is what they are currently doing, keep getting either CL or EL every other season whilst trotting out the same empty platitudes about long term plans and sustainable future for the club etc.

They give the plebs that don't seem to see the repeating cycle of abuse the last 20 years just enough faith that they will keep on taking the bait and spending money in the belief that "this is the year" and yet "the year" never comes.

Levy is a fucking charlatan who views the supporters as little more than a vocal nuisance and a bunch of useful idiots to make him and his company money.

That is it, plain and simple, he isn't a "fan" he doesn't care about Spurs and he doesn't care about trophies.

I would say that their plan is working perfectly because they aren't going anywhere and people keep believing the lies Levy and ENIC spin, they have no pressure to sell and no reason to because the penny never fucking drops.
 
Incomplete_usernam said:
The long term plan is what they are currently doing, keep getting either CL or EL every other season whilst trotting out the same empty platitudes about long term plans and sustainable future for the club etc.

They give the plebs that don't seem to see the repeating cycle of abuse the last 20 years just enough faith that they will keep on taking the bait and spending money in the belief that "this is the year" and yet "the year" never comes.

Levy is a fucking charlatan who views the supporters as little more than a vocal nuisance and a bunch of useful idiots to make him and his company money.

That is it, plain and simple, he isn't a "fan" he doesn't care about Spurs and he doesn't care about trophies.

I would say that their plan is working perfectly because they aren't going anywhere and people keep believing the lies Levy and ENIC spin, they have no pressure to sell and no reason to because the penny never fucking drops.
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If his group is really paying $3.75 billion in cold hard cash, they’re brining their own management team. Levy would be out. He would have no motivation to succeed with all of the money he’d be collecting from the sale. And no one pays that much money without having a dedicated team he trusts.
 
prinmemo said:
He would have no motivation to succeed with all of the money he’d be collecting from the sale
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You’re assuming that Levy is simply motivated by money. Neither of the people I know that know him hold that to be true.

None of the wealthy people I know have ever lost motivation because they have acquired more money than they can spend in their lifetime.

Edited to add: No, if he sells then I want him to clean his desk out.
 
GeorgeGraham said:
You’re assuming that Levy is simply motivated by money. Neither of the people I know that know him hold that to be true.

None of the wealthy people I know have ever lost motivation because they have acquired more money than they can spend in their lifetime.

Edited to add: No, if he sells then I want him to clean his desk out.
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The most successful people I know are not motivated by money. You are correct about this.

Having said that, if I am putting up $3.75 billion, I want my team leading the company. I doubt it would be Levy.
 
Problem is the club has the albatross around its neck of the non footballing properties including the Printworks , Goods yard etc that most investors will be put off in trying to buy the club due to unrealistic valuation.

You’re not just buying a football club & a stadium but the redevelopment of the area.

If only levy/ENIC could keep playing monopoly with the non footballing infrastructure & sell the part that the majority of us are interested in.
 
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