Football Insider believes that Daniel Levy was offered £800million for a 50% share in ENIC’s football investment, THFC, but the CEO declined the offer made last year, as it would have meant conceding control of the club.
I’d question the valuation used here. If we look at the Swizz Ramble analysis of the club’s debts, then it strikes me as a strange investment for someone to select – even if it were made before Covid-19 broke.
Why on earth would someone punt a sizeable chunk of money on 50% of a business swimming in debt, with a highly questionable economic forecast? It may appear mean-spirited of me, but if ENIC cannot find a sponsor for the stadium naming rights which is supposedly valued at just a couple of hundred million – then why would someone be so keen to spend 4 times as much and yet not even have their name above the door?
If someone were to come in for Spurs, then they would need to fix the football team, as well as be able to lure people to N17. I see this as not being a straightforward prospect.
Should one buy the Albert Hall (for example) then the task is one-dimensional and the business is located in an easy-to-access place. No, I’m sorry, but this Football Insider tale simply doesn’t add up.
Levy doesnt own 50% so he couldnt have been offered £800m
Woolwich have been winning fa cups.. Their stadium is considered old fashioned compared to ours, ours will create huge revenue when covid goes… The jam tomorrow we did start to taste immediately.. As soon as the stadium was built Baldy said his focus was on the team and winning titles. Now he bought in targets, club record signings, Tanguy and Gio. He gave bumber contracts to key players like Kane.. Wages rose from 17th. Botch regressed further. Maureen bought in. Covid immediately struck.. We now have 5th highest wages in the league, we pay more than the scouse…. If Baldy wasn’t bothered about winning and investing then Maureen wouldn’t be our manager, and Kane wouldn’t still be here.
I guess the young lad seen standing next to Baldy often over the years is also his son? He has four kids I think. Will they be taking over one day?.. What happens when Lewis snuffs? Does Levy have first choice to buy him out? It’s those two alone who own enic.. Levy is really the man running our club.. If Lewis was running it then he would be the chairman.
It wouldn’t come as a shock to me for Lewis to be looking for an exit. He’s getting on and has never taken the slightest interest in the club. His family who will take over his other interests when he passes on have also never shown any interest either.
The idea that someone would want to buy 50% of the club and have no say in its direction does strike him as unlikely
The truth is money is a far greater determinate of football success than the choice of manager. City were a yo-yo club before the Arab money came in now they are the best side in the country maybe the world. The current boss is a brilliant coach and has taken them to new levels but before him they still won the premiership with fairly ordinary managers in place.
Anceloti is a great coach, multiple titles and cups,but I doubt he’ll ever win anything at Everton for example
For the record, I was led to believe that, pre-covid, Lewis was looking for a buyer, and that he had tasked several banks to find one. I was also told that Levy was being excluded from all the negotiations as Lewis was worried he would fu** it up, as he normally does. This came from a good source but as you all know, ITK is what it is.
Enic are the Vampire Squid of football!
3-2
Still points dropped
2-2 with ten men?! Moyes is doing well.
Levy Spin machine is in full force for face saving, Levy said no to £800mill for 50% lol
Perfect timing to derail Spam and they go to Leicester in a couple weeks to derail them most probably….Chelsea and Liverpool 3rd and 4th in any order. Standard.
You do have to wonder don’t you.
Newcastle have become a more attractive side in recent weeks due to the arrival of the ex Bournemouth assistant coach whose improvement to the side has erroneously been credited to Steve Bruce.
Yes.
You make the correct reference to Levy finding the sacking of managers if far cheaper that actually investing in the team.So the merrygoround continues on it’s cycle.
The big names to take over from Mourinho being bandied around are just wishful thinking.How many of them are looking for a 2 year sabatical whilst being paid 30M?
I suspect somebody like Howe will be appointed.He will be cheap and young enough perhaps to engage the players in some positive and affirmative action.Sadly not enough to keep Kane and Son,it’s too late for them.
Here’s the West Ham slip up….making way for Liverpool.
Somebody should send John Terry over to visit her
ENIC are in for the long haul until their investment plan in the area has been realised.Even if Lewis snuffed it,his daughter Vivienne who is considered his heir is on the board of the Tavistock Group,which owns ENIC.
So I don’t see them disappearing off the scene in the foreseeable future.The only possibility is if she sacks Levy.Well we can dream can’t we?
I can’t see how Mourinho survives now. Most of the team barely go through the motions, really showing contempt for the manager.
I wasn’t a Jose fan before he came but I supported him as I support any Spurs manager. I’d still like him to to be given time but we all know the equation.
, Thirty million to pay off Mourinho or two or three hundred million to remove a load of rubbish players and build a competitive team.
Now which decision will Daniel Levy make?
So it’s, so long Jose nice to have known you, pity things didn’t work out.
True
ENIC have used Spurs as a gateway for obtaining a foothold within the wider community. Like how a virus that takes hold. Spurs the football team will slowly become nothing more than a component of a real estate business portfolio
I think this is the most depressing realisation of all. The fact it will take heaven and earth for ENIC to p*ss off.
If levy is willing to demand a kings ransom for the likes of winks etc – which he will. How much would he need to be tempted to sell the entire club?
These vultures have their claws dug deep into the club and the borough and will suck dry any profit that can be made
Our only hope is if Bahamas Joe decides he wants to cash in before he turns up his toes. If that’s the case then we might be able to hope for some movement in the next couple of years. He’s in his mid 80s so the clock is ticking. If not, we could be stuck with this shower for the foreseeable. That is a very depressing thought.
It doesn’t sound likely does it? However, just what Levy is planning to do with the football (yes that irritating sideline to the investment business) side of things is anyone’s guess.
Following Woolwich’s recent trajectory is about the best we can hope for methinks…