Rumours seem to be gathering pace that potential new investors are close to doing a deal with Levy.
Spurs are always ones to keep things very closely to their chest, so no real circus expected with this deal until there is some solid announcement. Until then its just whispers and rumours.
Anyhoo, that there Amanda Staveley has been heavily linked with putting a deal together. Reportedly not the wealthiest of folk but supposedly one of the best at putting deals together with strong links to the wealth of the middle east.
Recent reports state a deal nearly done @ $700m for 12.5% of the club. That would value the club at about $5.6bn (£4.3bn) which seems very much on the high side when you consider the Utd investment by Sir Jim valued the club at about £4.5bn. That said, their club is saddled with a lot of unproductive debt and requires significant investment in infrastructure, so will have been priced accordingly.
The backing is said to be from a Qatari fund, who want to own the club inside 7 years, taking a % now and buying more each year. It is reported that the fund is collectively worth more than City's owners Not sure thats possible either.
So, many Ifs and Buts and probably a large dose of imagination in some of these latest reports.
However, assuming that we are to sell part, as has been announced by Levy, what do fans think about a deal of this nature.
Happy to see only a small degree of investment to begin with? and gradual takeover? Levy will stay as the big cheese, at least for now.
Any problems with it being middle east money? from an ethical point of view? or more generally about the foreign ownership of the PLs biggest clubs which will bring increasing outside influence to bear on how the league is run?
How much difference will it make in this PSR era where spending is so closely linked to revenues.
Tottenham Sale
posted 7 hours, 15 minutes ago
comment by Luka Bosh Brasi (U22178)
posted 26 seconds ago
Look forward to the internal conflict of some fans who want Levy out but don't want someone from the Middle East taking over 😂.
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I suppose it depends on the nature of the middle east ownership, whether they are part of or linked to the political regime (like City & NUFC) or purely investors.
posted 7 hours, 12 minutes ago
comment by Striketeam7 - staying humble (U18109)
posted 23 minutes ago
comment by Devonshirespur (U6316)
posted 32 minutes ago
comment by Bãleș left boot (U22081)
posted 52 minutes ago
Sauce?
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Amanda Staveley’s purchase of a 12.5 per cent stake in Tottenham is “imminent”, according to John Wenham.
“There is certainly something going on there,” Wenham said.
“I’m sure that Staveley’s expertise and network of contacts would prove very valuable to Tottenham.
“Even if she only buys a 12.5 per cent stake now, which is the rumour, that leaves the door open to potentially purchasing more in the future, once her team is settled at the club.
“However, yes, it does look like something is fairly imminent.”
Taken from various sauces. But as I said, we're working off rumour and whisper here.
Investment will be a great boost for us, even if not much changes in terms of ownership.
Spurs have some massive real estate deals to be done with residential, hotel and other commercial developments on their estate.
Id imagine that, like the Sainsburys land, they will want to retain ownership of much of the commercial parts and open up new revenues from them, rather than selling off. But to do this they need some serious investment to get these projects out of the ground.
To diversify our income streams is a massive bonus especially when you see the likes of Sky making huge losses which could point to a bit of a bubble bursting for PL revenues. In fact i think that although the latest PL TV deal is more than the previous one, its over a longer period, so actually values less per season. So a lot of other clubs growth is off the back of TV money growth the ability for Spurs to grow their non-football commercial revenue should be a real bonus.
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The overseas TV deal is growing rapidly though, it’s not all about the domestic audience.
The logical step and it will happen sooner rather than later will be clubs selling TV rights to their own games - then you will see huge disparity because no one is paying much to see the likes of Fulham, Palace, Bournemouth, Brentford, Southampton, Ipswich whereas United and Liverpool will bring in crazy off the chart numbers and Spurs, Arsenal and Chelsea will bring in astronomical figures also.
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The sharing of wealth is a key plank of the PL setup.
It is a constant fear though particularly if a ESL comes to be because it will destroy the domestic game. You'd hope no fan would want this to happen because the success in this country is all about the competitiveness and the football pyramid and both would crumble leaving just the elite teams fighting it out.
posted 7 hours, 12 minutes ago
Considering how much of our money is going to Israel, should fans even care about who owns their club anymore? Don’t see the point of taking the moral high ground.
posted 7 hours, 9 minutes ago
How much of our money is going to Israel?
posted 7 hours, 6 minutes ago
Idk it depends how many companies you are boycotting
posted 7 hours ago
Seems like probably less than people spend on football
posted 6 hours, 57 minutes ago
We make a lot more sense to invest in than Newcastle ever did, our revenues dwarf theirs and our FFP headroom is miles above the rest of the league - we are very much a club that you could buy into and make successful quite quickly.
Given the status of the stadium and the exposure owners would also get to NFL, Boxing, Rugby and some of the biggest music acts around we are an enticing proposition. But the valuation of the club looks steep to me - puts us in the top 10 in the world - are we that?
posted 5 hours, 6 minutes ago
Personally think this is the only way forward for the club to be able to challenge at the very, very top and finally win things.
We need a new direction, input and strategy as ENIC as good as they have been at building the infrastructure, sporting wise they are lacking.
posted 5 hours, 2 minutes ago
comment by Striketeam7 - staying humble (U18109)
posted 1 hour, 51 minutes ago
We make a lot more sense to invest in than Newcastle ever did, our revenues dwarf theirs and our FFP headroom is miles above the rest of the league - we are very much a club that you could buy into and make successful quite quickly.
Given the status of the stadium and the exposure owners would also get to NFL, Boxing, Rugby and some of the biggest music acts around we are an enticing proposition. But the valuation of the club looks steep to me - puts us in the top 10 in the world - are we that?
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We are always comfortably among the top clubs in the world. The Deloitte reports since their inception backs this.
Year on year we are climbing.
The fact that we can host major A grade events in addition to football more than justifies the valuation.
If we end up with an NFL franchise it will seem like Stavely etc al. Have got it on the cheap.
posted 1 hour, 47 minutes ago
I wonder whether the latest reports flying around about Staveley’s leaked WhatsApp messages proving that the crown Prince of Saudi was the ultimate decision maker for the Newcastle takeover might mean she doesn’t pass the fit and proper person test? Not sure whether that applies to minority shareholders but if it’s proved that she was part of a cover up at Newcastle, surely she’d fail any attempt at ultimately owning Spurs.
I’m not too bothered about the ethical side of all this. You’ll find most people of considerable wealth at that level have achieved it questionably. Plus there’s the argument that close ties with the Middle East can ultimately make their culture more westernised long term. The more exposure they get to the way the rest of the world lives, the more real change can happen for them. Hard to prove or see at this stage but it’s more than possible. Basically, if it’s not us, it’ll be another club. My feeling is that PSR will soften after the City court case, leaving clubs able to spend more of their own money again. We need to be competitive or at least financially ready for that to happen.