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Tottenham Hotspur Stadium - Licence To Stand

Discussion in 'Spurs News & Views' started by Jordinho, 12 Feb 2013.

  1. Wine Gum

    Wine Gum Kevin Dearden

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    The Club spent around 90M assembling land for the stadium development. That land included not just the stadium footprint but also Sainsbury’s / Lillywhite House, the stadium southern development not started and a number of properties in the High Road West area.

    We know that the transfer budget was constrained during the property purchases as this land acquisition was mostly completed without increasing debt significantly by using club finances.

    Prior to raising the finance for the stadium build the club partly cleared down the limited debt it did hold by selling a number of properties to an ENIC owned Company domiciled in the Bahamas. The price paid was “fair value”. For the properties in the High Road West area this was valued without planning gain.

    Following the property sales planning consent has been obtained for the High Road West area properties meaning their value will have considerably increased. ENIC have also sold on part of the ownership to a development partner. None of this increase in value or profit from the developments will go to the club.

    Rather than transferring the properties for fair value at the time ENIC could have injected equity into the club to clear down debt instead but chose not to. If they had then the club would now benefit from the increased values post planning consent and any sales to development partners.
     
    metalgear likes this.
  2. Bedfordspurs

    Bedfordspurs Micky Hazard

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    Probably
    Who owns the new company?
     
  3. Bedfordspurs

    Bedfordspurs Micky Hazard

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    Equity from what cash?
     
  4. Wine Gum

    Wine Gum Kevin Dearden

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    ENIC could have simply had a further share issue as they had done previously.
     
  5. P.D.

    P.D. Vedran Corluka

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    Again my understanding is that it's Enic or another company controlled by them rather than it being owned by Spurs.
     
  6. Wine Gum

    Wine Gum Kevin Dearden

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    That’s correct sitting outside of the Tottenham Hotspur Ltd Group of Companies.
     
    metalgear likes this.
  7. Bedfordspurs

    Bedfordspurs Micky Hazard

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    How does that inject cash ?
    You mean dilute their holding?
     
  8. Lilbaz

    Lilbaz Steve Carr

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  9. Bedfordspurs

    Bedfordspurs Micky Hazard

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    What’s the name?
     
  10. Wine Gum

    Wine Gum Kevin Dearden

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  11. Bedfordspurs

    Bedfordspurs Micky Hazard

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  12. Wine Gum

    Wine Gum Kevin Dearden

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    No. ENIC might be as majority shareholder of Tottenham Hotspur Ltd but the Company is UK registered.
     
  13. Bedfordspurs

    Bedfordspurs Micky Hazard

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    Ok
    The article above says this was done in 2013
     
  14. Lilbaz

    Lilbaz Steve Carr

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  15. Raziel

    Raziel Paul Walsh

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  16. markysimmo

    markysimmo Johnny nice-tits

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  17. DaveT316

    DaveT316 Wilson Palacios

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    Someone said to me at the game yesterday DAZN rumoured to be the new stadium sponsor. Has anyone else heard that?

    Would certainly make sense, as the place becomes a broader destination for sport. I didn’t realise they were trying to buy BT Sport either.
     
  18. Raziel

    Raziel Paul Walsh

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    Be interesting what the revenue pull was yesterday

    - Capacity turnout
    - Club store was packed both before and after
    - Sure the win helped the beverage consumption

    In addition, I'm sure most of the local businesses had a really good day
     
    superspurs and JerusalemMan like this.
  19. Lilbaz

    Lilbaz Steve Carr

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    Worried they might be a flash in the pan company. Expanding very fast, could make them the sports version of netflix or they could overextend and go bust. Get a nice up front bung of cash. Then if they do mess up sell the rights again.
     
    JerusalemMan likes this.
  20. Raziel

    Raziel Paul Walsh

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    Been around for 6 years, pretty established in Europe (was using them 3 years ago in Spain)
     

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