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"Thanks for that Brian" said:
Are you claiming that you didn't say that covenants on Spurs' existing debt precluded further borrowing to spend on signings/wages/etc.?

When you're as rich as the Lewis family, you can do whatever you want, pretty much...apart from giving privileged stock tips to pilots or buying an NFL franchise. All they have to do is offer security on a loan, like JL did for £0.5 billion of debt in the early days of the stadium build.

Is it a good thing to borrow against future earnings? It's risky but we all do it everyday. I've done it to buy property, cars, invest in businesses, lend to friends and family and so on. So far, it's gone well. I'm up on my dealings. Spurs can be too...if the investments are smart and not excessive. Don't bet the farm with money you can't recover and stick to what you know.

Spurs could have borrowed against the potential future sale of HK, or Sonny, or Dele back in 2016/2017. We sold all 3 of them eventually, anyway. If we'd done that, maybe we'd have won the League???

"Taking no risks is taking a risk" - Thomas Frank.
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I certainly never said that. The covenants don't mention other borrowing...they require EBITDA to cover a multiple of the interest. I think the multiple is between 1.5 and 2. Any additional borrowing or even capital injection into the Club probably won't allow any increased revenue spend because the EBITDA will reduce. Any additional loan or capital injection can fund things like hotel builds because they don't affect EBITDA.
In principle the owners could provide alternative security and remove the covenants but I think that is much harder than you think.
 
Bloomberg report we've been given £90m from Macquarie Group

Basically a payday loan where we get the money now and Macquarie get it back from our TV revenue between December 2025-May 2026

Before anyone asks..,
i.) This is not an unused step for a club to make, especially in Spain given Barca and Los Ladrones regularly make the kinds of deals
ii.) It's more for liquidity than any thoughts of a January splurge, given our summer spending put a bit of a squeeze on our finances
 
humanbeingincroydon said:
Bloomberg report we've been given £90m from Macquarie Group

Basically a payday loan where we get the money now and Macquarie get it back from our TV revenue between December 2025-May 2026

Before anyone asks..,
i.) This is not an unused step for a club to make, especially in Spain given Barca and Los Ladrones regularly make the kinds of deals
ii.) It's more for liquidity than any thoughts of a January splurge, given our summer spending put a bit of a squeeze on our finances
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According to Swiss Ramble, the summer window improved our EBITDA by a small amount so I think we could spend about £200m in January without breaching any covenants.
A capital injection from ENIC could fund that and the hotel build.
 
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All four of our league games in November have been rescheduled.
What a load of bollocks.
 
PleaseNotPoll said:
...

All four of our league games in November have been rescheduled.
What a load of bollocks.
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Analysing ... done.


1. The KO time against Kings Rd FC seems to be for the USA market.

2. The Man Utd game is the third midday KO in 4 months.
Do not know what the distribution of such fixtures
is per club over that period.

3. The NLD shift gives both teams one less day
before arguably their most difficult CL first
stage opponent.


On #1, if it brings in more TV broadcast
revenue accordingly, fair enough.

On #2, WTF is the rationale for those KO times
(damned if I know) ??
 
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Spurf said:
4.5 billion offer for Spurs. ?
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Aren’t the reports stating the offer was £3.2bn with an additional £1.2bn being made available towards the squad and agents?

I can’t see the Lewis cartel accepting a bid of £3.2bn!
 
Tilly'sowner said:
Aren’t the reports stating the offer was £3.2bn with an additional £1.2bn being made available towards the squad and agents?

I can’t see the Lewis cartel accepting a bid of £3.2bn!
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Around 3 billion is the market value but then there is a small matter of 900 million Stadium debt. Who knows!
Spurs cost ENIC 22 million.

These are all telephone numbers in a crazy world.
 
The US consortium which Murdoch's Hate Comic is really invested in saying is making a £4.5bn bid is...more that a little sketchy

Here's the brief highlights of Brooklyn Earich
- He used to be a DJ, but then decided he would rather be a wannabe Elon Musk
- He owns a company named Redacted RnD, and if their name wasn't enough of a potential red flag a cursory look at their website certainly is
- He bid to buy Maserati's Formula E team, but the deal fell through around the time he would have had to put money in
- The apps he's attached to, Littlstar and Phoodie, don't inspire confidence
- Of course he was heavily involved with Nasty ****ing Things

Steer clear
 
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