Date: 27th October 2018 at 6:35pm
Written by:

A source close to Tottenham Hotspur Club has told the Harry Hotspur blog that ‘one’ of the extraordinary elements in Daniel Levy’s stadium and financials announcement – is precisely what it looks like.

Regular readers will be aware that the search for a Naming Rights partner for the New Destination™ officially flatlined when it Daniel Levy was forced into offering the ‘opportunity of a lifetime’ to the business’ lenders HSBC, who graciously and swiftly declined.

Since then the highest paid chairman in the division announced…

‘In recent months we have secured an extended agreement with Nike up to 2033, one of the longest football club deals in Nike’s history.’

Which sounds great if you’re not too bright.

But we’ve been on this extremely low calorie ENIC diet of ‘firsts’ and ‘record’ thats for nigh on 20 years now.

None of them have any been of any worth to the club or the fans.

Levy is now a seasoned purveyor of Fresh Air sandwiches and luxury holidays at Windowsill Bay.

The reason it is such a long deal is quite straightforward.

Our illustrious leader had to provide further surety in order to extend the credit facility and the only recourse was to sell more rights.

The full details of the Nike deal cannot be put into the public domain for notably obvious reasons, but anyone suffering from any delusional fantasy world scenarios of this being a piece of ‘good’ business, may wish to take a seat and perhaps sip at a glass of water whilst they steady themselves for some less than ‘good’ news.

If, IF anyone reading this still has faith in this charlatan, I would love to hear why – and my special signal for you to tell me?

One of my lawyers holds access to this blog and when he post the news that I have finally been sectioned under the Mental Health Act (1983) that is your cue.

Until such time, we’re good.

Thank you, so much.

 
Comments
  • Aside from cerebrospinal fluid, what's on your mind?

  • Chris October 28, 2018 at 4:54 pm

    15 years… Seems like the sort of length you would sell a naming rights package over???

  • dilly October 28, 2018 at 8:47 am

    Also shocking distressing news about the Pittsburgh synagogue fatalities in that small Jewish community where my heart goes out to all the families who have lost loved ones.

    • Harry Hotspur October 28, 2018 at 9:20 am

      The footballing gods aren’t happy either.

      Glenda now the City boss.

      I suggest we offer up Lineker as a human sacrifice.

    • East Stand October 28, 2018 at 9:41 am

      Certainly been a very odd day indeed, yes another terrible attack on civilians again by cowards with weapons.

  • dilly October 28, 2018 at 8:43 am

    Yes very tragic news of an owner who was well respected by all the fans, fully committed to the cause ploughing millions of pounds into the club ridding the club of the debt, buying the stadium outright, culminating in living the dream of that fantasy special magic moment of seeing the Foxes win the PL title.

    • East Stand October 28, 2018 at 9:45 am

      Went to Thailand a couple of years ago and King Power has a shop in Bangkok airport selling all the Leicester stuff. They are a big deal out there and probably have spent more on their squad than ENIC have…

  • Ronan October 28, 2018 at 8:40 am

    Spot on. Levy refused to disclose the value of this extended deal because it embarrasses him and enic. Costs of the “infrastructure assets” were spiraling out of control and there was no naming rights deal in sight. So he accepted a large up-front payment from a corporate predator, who smelt blood in the water.

    The full extent of his idiocy will be felt at the back end of the kit deal when it falls further and further below market value for PL clubs.

  • Mad Carew October 28, 2018 at 5:15 am

    Breaking News
    It’s just been confirmed that the Owner of LCFC was on board the Helicopter when it crashed on Saturday evening.
    Thoughts and Prayers.

    • Mikespurs October 28, 2018 at 7:41 am

      Sad.

  • Mad Carew October 28, 2018 at 3:42 am

    Best wishes to Glenn Hoddle, may you make a speedy and full recovery.
    I had a mortality scare just 4 weeks ago, it certainly puts a lot of things in perspective, for me changes will be made, make the most of every precious day.
    Glenn was poetry in motion, we have not seen the like since, those of us who enjoyed the early 80’s were lucky to have witnessed such skill and finesse, now that really was “the Spurs style of play” no wonder they called it “the beautiful game.”

  • Aussie in Switzerland October 28, 2018 at 2:52 am

    Great, we are tied to the leftist virtue signalling carnnts for 15 years. I will never buy another Nike product, as they support $@#!! like Kapernick who disrespect our collective and superior Western culture on the basis of complete lies and hypocrisy about police and race.

    • Mikespurs October 28, 2018 at 6:44 am

      Huh?

    • Simon October 28, 2018 at 6:51 am

      Huh?

    • Mikespurs October 28, 2018 at 7:10 am

      Aussie in Switzerland
      Great, we are tied to the leftist virtue signalling carnnts for 15 years. I will never buy another Nike product, as they support %#$&& like Kapernick who disrespect our collective and superior Western culture on the basis of complete lies and hypocrisy about police and race.

      I’m a lefty and your argument makes no sense

      • Mikespurs October 28, 2018 at 7:26 am

        So kap is a communist for demonstrating his constitutional right to peacefully protest. The left is out to get you. Unicorns will rule the world. Saw an elf the other day, I think they are trying to cross our borders.
        Did I leave anything out?

        • Aussie in Switzerland October 28, 2018 at 1:02 pm

          Nike released ads featuring Kapernick…… It promotes someone protesting in the basis if lies (the lie that police are guanoing unnamed black people in the USA)….. A proven lie

          • Mikespurs October 28, 2018 at 3:00 pm

            A proven lie? I dont think you know what that means. We already had a debate in this country in the 60 ‘s about burning flags protesting (you can). He was sausaging a knee. If you agree or disagree with his reasons for doing it, it doesn’t matter. It’s his right to do it. I dislike nike for making crap jerseys, not because they made an ad of someone doing their constitutional right.

            • Mikespurs October 28, 2018 at 3:01 pm
              sausaging
  • Nick October 28, 2018 at 1:14 am

    While I wish glen hoddle well he has a lot to answer for. He was the single catalyst for Chelsea,a one man divining rod.Everything they are can be traced back to glen.Why are we doomed to be second rate? Oh how I long for the Adidas Holsten days of quality shirts,half decent football & a silver pot here & there.No we are condemned to 15 years of being the lesser twin,wearing the same clothes but without the personality.15 years of the Nike stadium.

  • Pj October 27, 2018 at 11:32 pm

    We will only really know the rough value of the Nike deal in next years accounts!!
    Woolwich were hoodwinked by Emirates with a cheap 10 year deal to get their library up and running but obviously had the property’s sales to reduce debt along with Arsene in football handcuffs for a decade.

    We make much much more income than Woolwich did when they moved house!!
    So we’ve got £630m draw down facility that’s a short term loan at 2.5/3.2% above libor!!
    £330m debt at present

    ####Don’t forget over £1b in assets####🙄👏👏👏🍾 Levy wouldn’t want us to forget them😀

    It’ll get turned into a very long term bond and is secured on spurs future ££££
    Levy’s probably hoping for a nice big navy blue tick to go with the shirt deal, and to be fair it would be a good fit if we have to go down that road to reduce the debt before issuing bonds!

    I doubt it’ll matter, the numbers look like another multi billionaire party will come in within the next couple of years which will see Daniel moved to the next yacht along from his godfather 😉

  • Pj October 27, 2018 at 11:15 pm

    Exile
    Seems levy will sell anything to get himself out of the project that he has managed so spectacularly badly. He absolves himself of all blame for anything that goes wrong due to being immune from any criticism due to the club’s structure. While we go cap in hand for finance we get no investment from our owner the lovely Lewis. We should nothing more. Given that the UK gave his family a home probably from persecution and educated him. When he made his money he fucked off elsewhere so we should expect nothing from him. Great guy.

    We certainly didn’t educate him lol
    He left school at 15 with feck all But Witt and cunning!!!
    His dosh came from that so called “economy is safe in our hands “Tory pricks who gambled and lost big time on £££££

    To be fair if my numbers came in the Bahamas wouldn’t be a bad shout!! Obviously with a trip back to north London once a week😉

  • dilly October 27, 2018 at 10:40 pm

    Sad news about the Leicester City helicopter crash when not clear if the Chairman was on board.

    • MrChickenHead October 28, 2018 at 12:24 am

      Seem to be very quite about it too.

  • MrChickenHead October 27, 2018 at 10:10 pm

    Get well soon Glenn Hoddle.

    • dilly October 27, 2018 at 10:37 pm

      Likewise, good news hearing that Glenn is responding well to treatment. Privileged to see this supremely talented great Spurs creative maestro grace WHL with some majestic displays not least that exquisite chip over the Watford keeper plus his intuitive volley he scored against Notts Forest were magnifique.

      • dilly October 27, 2018 at 10:39 pm

        *Supremely gifted.

      • Willie! October 27, 2018 at 11:05 pm

        Dilly, my man, you’ve massively overdrawn your adjective account with that one. Please make a deposit ASAP to correct the arrears and perhaps read a bit of Hemingway. Hoddle is one of the few retired pros as commentators that I enjoy, a massive upgrade on the dross they usually roll out (thinking Neville, Redknapp and Carragher – all about as useful as a basketball bat), glad he’s on the mend.

        • Mikespurs October 28, 2018 at 6:49 am

          To be fair, baseball bats can be very useful

  • Tappaspur October 27, 2018 at 9:27 pm

    Why dont we play in yellow socks anymore?

  • Exile October 27, 2018 at 9:02 pm

    Seems levy will sell anything to get himself out of the project that he has managed so spectacularly badly. He absolves himself of all blame for anything that goes wrong due to being immune from any criticism due to the club’s structure.
    While we go cap in hand for finance we get no investment from our owner the lovely Lewis. We should nothing more. Given that the UK gave his family a home probably from persecution and educated him. When he made his money he fucked off elsewhere so we should expect nothing from him. Great guy.

  • Mikespurs October 27, 2018 at 7:52 pm

    So chelsea get a 15 year deal worth 60mil a year? Correct?
    We get a 15 year deal worth 25-30mil ( number from bad news clippings)
    How is the club spinning this is some ground breaking, longest deal ever, when Chelsea did the same months ago for twice the money? Am I misinformed on this or is the level of grasping at straws reached a whole new level?

  • East Stand October 27, 2018 at 7:25 pm

    Flat track bully Mane’s knack of scoring freely against poor teams continues…

    • dilly October 27, 2018 at 8:02 pm

      Please remove your rose tinted specs; absolute tosh about Mane as in case it escaped you Easty unbeaten Liverpool are currently top of the PL!!

      • dilly October 27, 2018 at 8:07 pm

        …when if I recall we struggled to beat Cardiff City.

        • East Stand October 27, 2018 at 9:58 pm

          The score line flattered Liverpool. Whatever…

          • dilly October 27, 2018 at 10:28 pm

            Flattered???, Hardly.

            • dilly October 27, 2018 at 11:23 pm

              Easty I can guarantee that should Liverpool win the PL title you will still contrive a way of discrediting their achievement, me thinks!

              • dilly October 27, 2018 at 11:26 pm

                Arse away up for them next. Tasty!

              • East Stand October 28, 2018 at 9:52 am

                No I won’t because if they win the title then they will have done well enough over the season and fully deserve it albeit after splashing the cash to a great extent.

                Having said that, Guardiola seems to want to win the CL again and it might be a priority over winning the league again. That might help Liverpool.

                I just think that neither them or City are that much better than us but the media talk about them like they’re miles ahead. BBC Salford bias bigging up the North West methinks…

                • dilly October 28, 2018 at 10:03 am

                  Fair point but based on our home defeat against Liverpool in fairness it was 2-1 going on 7-1!in terms of possession and chances missed. Whilst admittedly it’s taken a while zany Klopp has via astute recruitment made Liverpool serious title contenders capable of winning silverware.

  • East Stand October 27, 2018 at 7:20 pm

    I wouldn’t mind, if the Nike kits weren’t so completely horrible.

    The home kit with that thing that looks like a bum bag with white shorts, the green thing with a map of where the stadium is and a grid reference is just sausaging the piss.

    Green, why?

    • East Stand October 27, 2018 at 7:21 pm

      Sausaging = taking

    • Mikespurs October 27, 2018 at 7:32 pm

      I’m in agreement with you. It would be one thing if Nike made an awesome kit that people actually wanted to wear. Instead it looks like some dust bin throw aways that were designed by some exec kid that needed a job. Someone at my local won the home kit in a raffle (& not being a spurs fan) gave it to me. Gave it straight back to the bar to raffle for an upcoming charity. Maybe if I’m lucky it will raise 5 bucks

  • Lilywhite without the II October 27, 2018 at 6:54 pm

    More assets to borrow more money…simple…whatever the deal it must be cheap or payments in advance to get 15odd years….15 years ffs, only banks do deals for 15years plus…ohh wait..!!

    • Harry Hotspur October 27, 2018 at 6:57 pm

      It will be front loaded to satisfy the creditor(s)

      Trying to think of a more embarrassing situation.

      Oh, hang on…

  • Lord Croker October 27, 2018 at 6:41 pm

    Wonder if Nike paid up front until 2033 or is it in installments based on win ratios?

    • East Stand October 27, 2018 at 7:22 pm

      And the kits look like cheap rubbish…

  • Lord Croker October 27, 2018 at 6:38 pm

    And as if by magic…