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Carlyle takeover, was Cain Hoy takeover
- Thread starter Superhudd
- Start date
LutonSpurs
Eric Dear
Re: Back Page tomorrow Mirror - Lewis to sell 1 Billion Tottenham
How much is the club worth?
How much is the club worth?
milo
Jack L. Jones
Re: Back Page tomorrow Mirror - Lewis to sell 1 Billion Tottenham
We're owned by ENIC. 70% of the shares in ENIC are owned by Lewis, Levy has the other 30%. I am not aware if either of them owning a personal stake in Spurs.
Spur of the moment
Frederic Kanoute
Re: Back Page tomorrow Mirror - Lewis to sell 1 Billion Tottenham
This. Still waiting for takers for naming rights.
This. Still waiting for takers for naming rights.
Gutter Boy
Tim Sherwood
Re: Back Page tomorrow Mirror - Lewis to sell 1 Billion Tottenham
Lewis' daughter Vivienne Silverton has gradually been taking over his other Tavistock roles in a Prince Charles kind of way. I've read before that she's quite interested in the club, so it seems probable she'll just take over as the silent partner.
The other thing is whether Levy has enough money from selling Blue Inc to buy-out Lewis' 70%, or at least another 21% to become the majority owner.
Lewis' daughter Vivienne Silverton has gradually been taking over his other Tavistock roles in a Prince Charles kind of way. I've read before that she's quite interested in the club, so it seems probable she'll just take over as the silent partner.
The other thing is whether Levy has enough money from selling Blue Inc to buy-out Lewis' 70%, or at least another 21% to become the majority owner.
Gutter Boy
Tim Sherwood
Re: Back Page tomorrow Mirror - Lewis to sell 1 Billion Tottenham
Lewis 70%, Levy 30%
Lewis 70%, Levy 30%
monkeybarry
Ian Walker
Re: Back Page tomorrow Mirror - Lewis to sell 1 Billion Tottenham
My local estate agent is advertising I want to sell my house to increase their business - I have told them I'm not moving - they keep printing the crap advert though
Although, £1b?!?!...... Any takers!?
My local estate agent is advertising I want to sell my house to increase their business - I have told them I'm not moving - they keep printing the crap advert though
Although, £1b?!?!...... Any takers!?
Gutter Boy
Tim Sherwood
Re: Back Page tomorrow Mirror - Lewis to sell 1 Billion Tottenham
Whatever ENIC want for us. We're not a PLC anymore, so there's no share price.
Whatever ENIC want for us. We're not a PLC anymore, so there's no share price.
Re: Back Page tomorrow Mirror - Lewis to sell 1 Billion Tottenham
It should be fairly easy to come up with a rough "fair market value" for the club, but as you say, ENIC are unlikely to sell at anything like that amount.
It should be fairly easy to come up with a rough "fair market value" for the club, but as you say, ENIC are unlikely to sell at anything like that amount.
milo
Jack L. Jones
Re: Back Page tomorrow Mirror - Lewis to sell 1 Billion Tottenham
I would think that the market price is probably around £400m now. I suspect that ENIC would probably ask for about 50% more which is probably closer to our value once the stadium is completed.
tommysvr
Justin Edinburgh
Re: Back Page tomorrow Mirror - Lewis to sell 1 Billion Tottenham
I met her last year and she seemed very keen about Spurs. She said we were in for Benteke in a big way until his signed a new contract. Nice lady.
I met her last year and she seemed very keen about Spurs. She said we were in for Benteke in a big way until his signed a new contract. Nice lady.
Re: Back Page tomorrow Mirror - Lewis to sell 1 Billion Tottenham
Others have covered how ENIC's shares are divided. But we shouldn't forget that ENIC don't, as yet, own 100% of THFC.
At last count, ENIC owned some 85-90% of THFC. The remainder is owned by a small number with relatively big shareholdings and by thousands of fans with very small shareholdings.
However, as per the announcement in March (as part of the financial report), ENIC has recently invested a further £40m in the club - initially a loan, I think, but eventually to be converted into equity. And, if that equity is in the form of shares with voting rights (I'm making the assumption that it will be), that would take their relevant shareholding through the 90% threshold. That having been done, ENIC would be able to enforce a compulsory purchase of all shares that they did not already own (known as a a squeeze-out), should they so choose.
Others have covered how ENIC's shares are divided. But we shouldn't forget that ENIC don't, as yet, own 100% of THFC.
At last count, ENIC owned some 85-90% of THFC. The remainder is owned by a small number with relatively big shareholdings and by thousands of fans with very small shareholdings.
However, as per the announcement in March (as part of the financial report), ENIC has recently invested a further £40m in the club - initially a loan, I think, but eventually to be converted into equity. And, if that equity is in the form of shares with voting rights (I'm making the assumption that it will be), that would take their relevant shareholding through the 90% threshold. That having been done, ENIC would be able to enforce a compulsory purchase of all shares that they did not already own (known as a a squeeze-out), should they so choose.
chicken_badge
Gudni Bergsson
Re: Back Page tomorrow Mirror - Lewis to sell 1 Billion Tottenham
....so according to the story, this values Tottenham Hotspur at £1.42bn.
Given the ridiculous amount of money that can be milked via the club, from £50 replica tops to £80 Category A tickets, £200m naming rights... then it may well be the case. If you were willing to spare a lesser eye-watering amount into a lower placed club - lets say £100m into WBA - you could still make a healthy return, such is football.
Maybe Joe is a real fan who is just bored of waiting to see this stadium happen. Or maybe he can't wait to see the further multiplier to his profit that it would bring. Maybe he feels old. Maybe he wants or needs the capital for something else.
Whatever the case, I would expect if anyone offered him £1bn for Spurs he would be take it, whether looking for a buyer or not. I'd imagine the club, any club is permanently for sale. And you don't get the big yacht without being good selling stuff so if someone came in with a lesser but good offer he'd take it.
So the story is a complete non-story. Might as well have made the mild weather today headline news.
....so according to the story, this values Tottenham Hotspur at £1.42bn.
Given the ridiculous amount of money that can be milked via the club, from £50 replica tops to £80 Category A tickets, £200m naming rights... then it may well be the case. If you were willing to spare a lesser eye-watering amount into a lower placed club - lets say £100m into WBA - you could still make a healthy return, such is football.
Maybe Joe is a real fan who is just bored of waiting to see this stadium happen. Or maybe he can't wait to see the further multiplier to his profit that it would bring. Maybe he feels old. Maybe he wants or needs the capital for something else.
Whatever the case, I would expect if anyone offered him £1bn for Spurs he would be take it, whether looking for a buyer or not. I'd imagine the club, any club is permanently for sale. And you don't get the big yacht without being good selling stuff so if someone came in with a lesser but good offer he'd take it.
So the story is a complete non-story. Might as well have made the mild weather today headline news.
Gutter Boy
Tim Sherwood
Re: Back Page tomorrow Mirror - Lewis to sell 1 Billion Tottenham
I agree £600m seems a sensible estimate.
It might well have been a previous post of yours I was casually referencing then.
It was 85% before the last shares issues IIRC. I would guess it's closer to 90-95% now.
All the other professional shareholders are long gone. It is only the fans' Christmas presents from the 1980s and 90s that they've not bought up.
They can trigger a compulsory acquisition of these at any time, but there's no real reason to do so (no one is remotely close to requiring a seat on the board and they rarely pay dividends). They'll possibly compulsory purchase them when they do eventually sell the club (Bates did this in the days before selling up to Abramovich), but otherwise it would just be bad PR.
Saudi Sportswashing Machine are being sold for £200m - 1/3 of our value. That's what London and a global brand do for you.
I agree £600m seems a sensible estimate.
It might well have been a previous post of yours I was casually referencing then.
It was 85% before the last shares issues IIRC. I would guess it's closer to 90-95% now.
All the other professional shareholders are long gone. It is only the fans' Christmas presents from the 1980s and 90s that they've not bought up.
They can trigger a compulsory acquisition of these at any time, but there's no real reason to do so (no one is remotely close to requiring a seat on the board and they rarely pay dividends). They'll possibly compulsory purchase them when they do eventually sell the club (Bates did this in the days before selling up to Abramovich), but otherwise it would just be bad PR.
Saudi Sportswashing Machine are being sold for £200m - 1/3 of our value. That's what London and a global brand do for you.
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Jurgen the German
Tommy Harmer
Re: Back Page tomorrow Mirror - Lewis to sell 1 Billion Tottenham
Do you think they are?
Do you think they are?