Spurs up for Sale

[Rmort99]

Rumours are rife in the City that Tottenham chairman Daniel Levy is preparing to sell the club. The club is valued at £29m, Levy wants £50m.

Do we want a stinking rich Russian oligarch to turn us into the Real Madrid of North London? Or should we be just plain worried?

[metropolis2k]

I wasn't sure how much longer Levy would last.

[Rmort99]

Apparently he's fed up with the amount of stick he has to take

[comme]

Well i'm not quite sure how this would work. Levy doesn't own Spurs, he is simply an appointee of ENIC who are the biggest shareholders in the club.

Garth Crooks was saying the other day that Sugar was looking to get back into charge, although that might be rubbish.

[Rmort99]

Joe Lewis and Levy control 52% of shares in ENIC. If they both decide to sell, the sale will go ahead if there's a willing buyer

[comme]

But ENIC do not own Spurs, they are simply the largest single shareholder.

[sendorange]

This was a Harry Harris "exclusive" so take it with a pinch of salt. There's been no movement on the share price, which is sign nothing's brewing.

As it is I haven't heard anything from the TopSpurs snouts, although it's worth bearing in mind the share issue in the summer did make it a lot easier for ENIC to sell up their stake.

If Levy does sell, let's hope it's not to Sugar or Malcolm Glazer :D Or heaven forbid Ken Bates :D

[THFC1]

If Levy does sell, let's hope it's not to Sugar or Malcolm Glazer :D Or heaven forbid Ken Bates :D

If I had a choice between them 3, I would have Sugar back because he did spend money, he spent £11m on Rebrov, £5m on Thatcher & £4m on Perry, even though they didn't work out, he was prepared to spend that sort of money on the say so of Graham & Pleat.
I would be against him though if he scrapped the director of football plan, I think with the money that he gave Graham, Arnesen will be able to do something with that & make it work

[pookspur]

i don't want to see any major changes. don't want to see some new moneybags owner of the abramovich/fayed model. don't want some high profile fruitcake of the bates/jesus gil school, either.

look. spurs' problem over the last 10-15 years hasn't been our ownership. we do not need to become more popular or high profile. this club doesn't need to generate a ton more revenue. and we don't need to spend more of what we generate. we just need to spend it well.

i think the problem of spurs recent history has already been addressed. and, while it's early on, i think it has been addressed well. frank arnesen, combined with our existent revenue streams, will (in my optimistic opinion) suffice nicely, thank you very much.

[surfcam]

Rumours are rife in the City that Tottenham chairman Daniel Levy is preparing to sell the club. The club is valued at £29m, Levy wants £50m.

Do we want a stinking rich Russian oligarch to turn us into the Real Madrid of North London? Or should we be just plain worried?

Looks like Glazer is looking for a team ;) . Just kidding. I wouldn't wish that on anyone, even Spurs.

[sendorange]

i don't want to see any major changes. don't want to see some new moneybags owner of the abramovich/fayed model. don't want some high profile fruitcake of the bates/jesus gil school, either.
The name doing the rounds at the moment is Philip Green. He's a known Spurs fan and has been linked to buying us for years, he is a billionaire, rated in The Times as the 4th richest man in Britain. Made his money in the retail industry with BHS and Arcadia. Only problem is that he's been reluctant to buy us in the past largely because he's a very money conscious bloke and views football (rightly) as a financial blackhole. However recently he seems to have slowed down on the business side and received some whopping dividends. May well be that he has had a change in heart and decided to invest.

I'm satisfied with ENIC and Levy but a sugar daddy who genuinely loves the club is always welcome. Will wait and see what happens if anything, although the lack of an official denial from the Club is interesting.

[Dave_M]

Joe Lewis and Levy control 52% of shares in ENIC. If they both decide to sell, the sale will go ahead if there's a willing buyer

If think the keyword there is IF theres willing buyer. Im no business man but I imagine youd have to be fairly stupid to buy a commodity valued at £29m, for £50m.

[Dave_M]

But ENIC do not own Spurs, they are simply the largest single shareholder.

But woulndt a 52% share mean that if the ENIC boys decide to sell, there are not enough non-ENIC owned shares in the company to out vote them?

[mis-e-one]

Well i'm not quite sure how this would work. Levy doesn't own Spurs, he is simply an appointee of ENIC who are the biggest shareholders in the club.

Garth Crooks was saying the other day that Sugar was looking to get back into charge, although that might be rubbish.

Sug*r?! That's a joke surely! It's his fault why Spurs have been poor over the past decade!

[comme]

But woulndt a 52% share mean that if the ENIC boys decide to sell, there are not enough non-ENIC owned shares in the company to out vote them?


ENIC don't own 52%, Levy and Lewis own 52% of ENIC, I believe. The share issue last year changed the balance of the whole club, and I for one was not willing to pour more of my hard earned into the bottomless pit that is THFC.

I would doubt that Green will get involved as he has said many times that he doesn't want to. However, I would love it if he did as he is probably the most savvy businessman in Britain today and if anyone could turn the club around it would be him. Given the dividend he paid himself this year he should have plenty of hard cash floating around. Here's hoping.

[jumhed]

i don't want to see any major changes. don't want to see some new moneybags owner of the abramovich/fayed model. don't want some high profile fruitcake of the bates/jesus gil school, either.

look. spurs' problem over the last 10-15 years hasn't been our ownership. we do not need to become more popular or high profile. this club doesn't need to generate a ton more revenue. and we don't need to spend more of what we generate. we just need to spend it well.

i think the problem of spurs recent history has already been addressed. and, while it's early on, i think it has been addressed well. frank arnesen, combined with our existent revenue streams, will (in my optimistic opinion) suffice nicely, thank you very much.

pookspur speaks the truth. The club has had too much turmoil over the last 15 years. We've lurched from one crisis to another. The last thing we need is another upheaval and a new owner with his own ideas. The new structure must be given time.

[Dave_M]

ENIC don't own 52%

Ah i see. Appears I miss-understood the ownership situation a bit then. Ho hum. Ignore me :)

[Dave_M]

pookspur speaks the truth. The club has had too much turmoil over the last 15 years. We've lurched from one crisis to another. The last thing we need is another upheaval and a new owner with his own ideas. The new structure must be given time.

While I am inclined to agree with pookspur almost wholehearedly, I cant help but wonder....

You guys have seen numerous management and squad changes in the last decade. None of which had brought the club an notable success. Maybe a fresh perspective from the top level is what the club needs.

At the end of the day Spurs are in the situation where things cant really get any worse (short of relegation of course) so surely any change can only be an improvement?

[LedleybetterthanSol]

but we only just restructured. Some of these plans can take up to 5 years to come to successful fruition. One thing I know is that constant change doesn't bring success.

[jumhed]

While I am inclined to agree with pookspur almost wholehearedly, I cant help but wonder....

You guys have seen numerous management and squad changes in the last decade. None of which had brought the club an notable success. Maybe a fresh perspective from the top level is what the club needs.

At the end of the day Spurs are in the situation where things cant really get any worse (short of relegation of course) so surely any change can only be an improvement?

We've already had a change at the top. Out went Sugar, his main crime being the clowns he hired to manage the team, in came ENIC and Levy. I think we're moving in the right direction now. We've got a good young squad in place (and always being added to), and a proven (overseas at least!) coaching structure. The next few seasons at Spurs are going to be very interesting indeed. What Jol and the rest really need to do though, is just ignore the fans and the press and get on with their vision for where they want Spurs to be.

It was the fans who got Graham out, and I for one regret that.