Alien invasion 5 minutes before kick off. Nailed on.
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Management Who is Jahm Najafi and will he be better than Enic?
- Thread starter Fattynomates
- Start date
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Too much smoke. It's going to happen.
Depends on who you told to go fuck themselves!
Some on here would actually try and end up in
A & E
Or balloons would render the pitch unplayable
Quite a bit more interesting news in the telegraph article
ByMatt Law, FOOTBALL NEWS CORRESPONDENT15 February 2023 • 12:44pm
Tottenham Hotspur insist they have not received an approach from Iranian-American billionaire Jahm Najafi, who is reported to be lining up a £3.1 billion bid for the club.
The Financial Times have reported that Najafi, who is the chair of MSP Sports Capital and has held talks over investing in Everton, will bid for Spurs with a consortium of backers.
Telegraph Sport understands that a bid in the region of £3.1 billion would likely fall short of chairman Daniel Levy’s valuation of the club, with sources claiming he rejected a £2.9 billion offer from a different American businessman last year.
It is believed that Levy values Spurs at upwards of £3.5 billion and, while not commenting publicly, insiders are adamant that Najafi and his partners have so far not approached the club about the prospect of a sale.
It is claimed, however, that Najafi and members of his consortium are already known to Levy, with sources convinced that Levy would want to retain his position, at least in the short-term, as part of any takeover.
Telegraph Sport has been told that talks between Everton and MSP have slowed down over the past fortnight, but it is unclear whether or not that is related to reported interest in Tottenham.
Intriguingly, Najafi’s partner at MSP, Jeff Moorad, held talks with Levy in 2015 about investing in Tottenham. Moorad made his name during the 1980s and is said to have been partially responsible for inspiring the character Jerry Maguire, famously played by Tom Cruise in the Hollywood movie.
According to the Financial Times, The Najafi and MSP-led offer would value the club’s equity at approximately £2.5 billion before adding about £620 million of debt on the club’s books.
It is reported that the bid would be structured so that MSP and its partners would put forward 70 per cent of the purchase price, while backers from the Gulf, mainly from Abu Dhabi, would contribute the remaining 30 per cent.
Tottenham is owned by ENIC, who bought their first 26 per cent share into the club in 2000 for £21.9 million, and run by Levy.
Spurs chairman Daniel Levy values over £3.5bn amid takeover talk
Reports claim Iranian-American billionaire Jahm Najafi is lining up bid for the clubByMatt Law, FOOTBALL NEWS CORRESPONDENT15 February 2023 • 12:44pm
Tottenham Hotspur insist they have not received an approach from Iranian-American billionaire Jahm Najafi, who is reported to be lining up a £3.1 billion bid for the club.
The Financial Times have reported that Najafi, who is the chair of MSP Sports Capital and has held talks over investing in Everton, will bid for Spurs with a consortium of backers.
Telegraph Sport understands that a bid in the region of £3.1 billion would likely fall short of chairman Daniel Levy’s valuation of the club, with sources claiming he rejected a £2.9 billion offer from a different American businessman last year.
It is believed that Levy values Spurs at upwards of £3.5 billion and, while not commenting publicly, insiders are adamant that Najafi and his partners have so far not approached the club about the prospect of a sale.
It is claimed, however, that Najafi and members of his consortium are already known to Levy, with sources convinced that Levy would want to retain his position, at least in the short-term, as part of any takeover.
Telegraph Sport has been told that talks between Everton and MSP have slowed down over the past fortnight, but it is unclear whether or not that is related to reported interest in Tottenham.
Intriguingly, Najafi’s partner at MSP, Jeff Moorad, held talks with Levy in 2015 about investing in Tottenham. Moorad made his name during the 1980s and is said to have been partially responsible for inspiring the character Jerry Maguire, famously played by Tom Cruise in the Hollywood movie.
According to the Financial Times, The Najafi and MSP-led offer would value the club’s equity at approximately £2.5 billion before adding about £620 million of debt on the club’s books.
It is reported that the bid would be structured so that MSP and its partners would put forward 70 per cent of the purchase price, while backers from the Gulf, mainly from Abu Dhabi, would contribute the remaining 30 per cent.
Tottenham is owned by ENIC, who bought their first 26 per cent share into the club in 2000 for £21.9 million, and run by Levy.
I’ve got the impression that Joe Lewis wants to sell, but Levy doesn‘t want to sell his stake. So Levy needs to find an investor who’s willing to be silent and allow him to remain in his role, which I’m guessing is very difficult
Probably will stay on the board
I have reckoned that’s what’s going on too ever since Lewis changed his ownership structure. Probably completely fucks it unless Levy is given an offer he can’t refuse and even then I’m not convinced he’d walk away. He’s already a rich man.
Just our luck we sell to someone with plenty of money but shit Alan Sugar stays in charge
I agree with this in so far as I think ENICs plan was to sell up for more like £5B including the stadium, naming rights etc. because London prem league clubs with that sort of infrastructure are limited, obviously. But we have been crap on the pitch and our profile has suffered as a result and economy etc. Lewis now older. So hopefully they are more realistic, £4B or whatever.
Definitely a bridgeable gap. The original report said that Najafi has yet to officially make a bid so we'll see how things goes.
But it definitely looks like we are courting new investors. The guy who broke the Qatar story said as much as well. Multiple interested parties.
I wonder what Levy’s day to day looks like:
9am - 10am: read the papers (sports sections already removed by his secretary)
10am - 11am: check up on the real estate
11am - 2pm: lunch
2pm - 2:10pm: discuss the team with Antonio (if he’s asking difficult questions cut it to 2:05pm)
2:10pm - 2:15pm: check Paratici’s QuickBooks
2:15pm - 2:30pm: beg Harry to sign
2:30pm - 4pm: nap time
4pm - 5pm: check real estate again
5pm: home time
9am - 10am: read the papers (sports sections already removed by his secretary)
10am - 11am: check up on the real estate
11am - 2pm: lunch
2pm - 2:10pm: discuss the team with Antonio (if he’s asking difficult questions cut it to 2:05pm)
2:10pm - 2:15pm: check Paratici’s QuickBooks
2:15pm - 2:30pm: beg Harry to sign
2:30pm - 4pm: nap time
4pm - 5pm: check real estate again
5pm: home time
I can see Levy wanting to stay because for all his tightwad ways I think he genuinely does support Spurs and doesn't want to leave. We saw in All or Nothing, he more or less lives at the training ground. It's like real life Championship Manager.
That said, he's only a minority shareholder in ENIC so if Joe Lewis says ENIC sells, then ENIC sells. I don't think there's much Levy can do about it, unless ENIC transfers a minority stake directly of Tottenham Hotspur Ltd to Levy in exchange for his ENIC shares or something.
Of course, I know nothing of business so I'm just warbling out loud. Like most of here, I imagine.
That said, he's only a minority shareholder in ENIC so if Joe Lewis says ENIC sells, then ENIC sells. I don't think there's much Levy can do about it, unless ENIC transfers a minority stake directly of Tottenham Hotspur Ltd to Levy in exchange for his ENIC shares or something.
Of course, I know nothing of business so I'm just warbling out loud. Like most of here, I imagine.
It might be a little easier if he’d actually fucking won something in his two decades? There’s no reason to want to keep him at the helm.
And while I haven’t read this whole thread (and I don’t have $3bn!), this seems like a steal of a deal if it’s close to the final price. I’d have thought the whole package would be $5/6bn based on all of the ventures and the growing cash flows.
5.10 pm - Supervise hanging of framed A level certificates in players canteen as an inspiration