Transfer Rumours transfer thread fact and fiction

Might as well watch American football then

 

https://www.tottenhamhotspur.com/ne...tspur-limited-agrees-a-150m-capital-increase/


Tottenham Hotspur Limited (the “Club” or “Spurs”) has, today, Tuesday 24 May 2022, agreed a capital increase of up to £150m from majority shareholder, ENIC Sports Inc (“ENIC”), via the issue of convertible A Shares and accompanying warrants.

The equity injection provides the Premier League Club with greater financial flexibility and the ability to further invest on and off the pitch.

The investment represents permanent capital, with no ongoing interest cost to the Club, and which may be drawn in tranches until the end of the year. The Club’s independent directors have benefited from its majority shareholder’s ability to invest directly, swiftly and without the extensive due diligence and documentation involved in third party funding.

Under the agreed structure the A Shares can be converted into ordinary shares. The number of ordinary shares granted to ENIC as a result of the capital increase will vary depending on when the A Ordinary Shares are converted, when the warrants are exercised and valuations at the time. If drawn in full, and based on assumptions regarding the above, ENIC’s ownership of the Club could see an increase from its current level of 85.6% to circa 87.5% on conversion. Any dilutive impact is dependent on the number of shares granted and will be shared by all shareholders proportionately and principally by ENIC, the majority shareholder.

ENIC acquired a controlling stake in the Club in 2001. The Club’s strategy has been to deliver world-class facilities and increased, diversified revenues to support on pitch performance whilst at the same time maintaining long-term financial stability.

Daniel Levy, Chairman, Tottenham Hotspur said: “The delivery of a world-class home was always a key building block in driving diversified revenues to enable us to invest in the teams and support our ambitions to be consistently competing at the highest levels of European football. Additional capital from ENIC will now enable further investment in the Club at an important time.’’

Jonathan Turner, Independent Non-Executive Director, Tottenham Hotspur said: “We are pleased to welcome this investment which demonstrates the unequivocal support and commitment of our majority shareholder, ENIC. It is a timely injection of funds to ensure we can continue to grow the Club we all love and underlines the Board’s continued ambitions for success.”

Significant investments have been made in the Training Centre, Player Accommodation and multi-use stadium, creating state-of-the art facilities to support the Club’s sporting ambitions. The new Tottenham Hotspur Stadium, with a capacity of close to 63,000 spectators, was completed in 2019. It has set new standards for the world’s best sporting arenas whilst also having a positive impact on the local economy. It continues to act as a driving force in the continued regeneration of North Tottenham, London and the surrounding area.

The Club has increased revenues from both football and non-football related activities, all for reinvestment in its football teams. In recent months the stadium has hosted NFL, Boxing, English Premiership Rugby Union and this summer will see concerts including international music artists Lady Gaga and Guns N’ Roses. The Club also has a growing number of visitor attractions such as the SkyWalk, Tours and OOF Art Gallery, along with Conferences & Events.

 

Just posted this in Club Watch but it’s also highly relevant here. I’m sure this won’t be 100% for investment in the squad but you’d think a very large chunk of it will be.

Either way it’s huge news. And I don’t think it’s a coincidence that this is getting announced around the time of the big Conte meeting either. Assuming that this money is mainly for the squad (which I think is a fair assumption given all of our debt is sustainably manageable) then there are few excuses this summer. Obviously things happen in the transfer market and we have to be realistic about what we can offer players compared to other clubs (both on and off the pitch) but the money is there to make moves and build the squad Conte wants. He and Paratici have a clear vision and style of play.

Now, get it done.

 

"The Club has increased revenues from both football and non-football related activities, all for reinvestment in its football teams. In recent months the stadium has hosted NFL, Boxing, English Premiership Rugby Union and this summer will see concerts including international music artists Lady Gaga and Guns N’ Roses. The Club also has a growing number of visitor attractions such as the SkyWalk, Tours and OOF Art Gallery, along with Conferences & Events."

The story of ENIC at Spurs has been a race between a genuinely good group of well-executed business plans and a butterfly-erratic football management process.

 

Tempted to give this a Bastoni Watch tag...

 

Halle-bloody-leujah!

I've been advocating this since it became apparent that the cost of the stadium build was going to increase significantly - about 5 years ago. It's a shame that we had to see the sacking of Nuno, an honourable and decent man who had no business being our manager, to reach this point...but I'm not going to complain.

This gives the club and the management of the football team, a chance to match the world class stadium and a world class coach with the team on the pitch.

This is investing for success. Now give Conte and Paratici the bloody lot and let's go shopping!

 

Paratici in a few weeks...

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Quality news though, gives a sense of excitement heading into the window.

I'd imagine some of it will be used on a new contract for Kane too...

 

I'm sure those who comment on SpursWeb posts kvetching about ENIC making the stadium a priority will be apologising for their wilful ignorance...?

 

The penny has finally dropped with ENIC it seems. Looks like they realise it’s time to go big or go home

 

My money is on a combo of :

1. no stadium naming sponsor deal done
2. the Toon winning the lottery
3. any hopes of an NFL franchise far away

So at the very least, on pitch success is the means
to induce #1, and fend off #2 (for as long as possible) .

 

I don't think it's about dropping pennies, it's more about getting the club into a situation where an investment makes sense. Pochettino just missed out because at the time investment was into the stadium. Then followed the pandemic in true Spursy fashion preventing revenue building from increased crowds. It's clear I think that very much part of this equation is confidence in Conte, add to that the example of Chelsea and the number of offers in the billons received following Abramovich leaving. If you have the odd £150million knocking about now is the time to invest in Spurs with some confidence of recouping a large profit on that investment. So Stadium + Income + Conte + Results + Champions League + The example of a top teams worth by Chelsea = Joe and Daniel spotting a potential winner.

 

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Now's the time Joe.

 

Please no , the cost in baby oil will bankrupt the club , I never rated him

 

I think part of the reasoning behind the investment is down to getting fans back on side with the hierarchy and in that sense it's a very smart move with this somewhat publicity stunt.

It's no secret that in Nuno's final game it was an extremely toxic atmosphere in the stadium and large sections of fans were chanting anti-Levy/ ENIC stuff.

Appointing Conte went some way to appeasing fans, as did the January arrivals and I don't think it took a rocket scientist to imply to the board just how much the fans were (and are) on Conte's side and so the pressure is/ was on them to keep him sweet otherwise it could be like Nuno's end all over again.

So by making this huge financial statement, keeping Kane, Son and Conte and (hopefully) having an exciting window, ENIC will have began rebuilding a large number of bridges they burnt over the last few years.

 

In 2024, the new 36 team CL starts. There are 2 more ties in the 'group stage' and likely to be a stack more cash. Now is not the time to be letting Utd, the Geordies and 'them' recover ground on us by Levy continuing his Mr Micawber impersonation.

If the club want to be something more than occasional participants, there needs to be a commitment to sporting excellence...and that costs money. This money will pump prime the process and repay some of the sporting revenue that has been spent on property development.

If Conte and Kane were to leave this summer, because of another unambitious, book balancing window, ENIC and Levy would be hard pressed to deal with the subsequent fallout.

The construction of the stadium and the inherent rise in ticket prices was always going to lead to this moment...and finally the right decision has been made.

 

Given that it's hard to improve on the current front three, that our midfield looks strong with Bentancur and Hojbjerg/Skipp, and that the widely maligned back three of Sanchez, Dier and Davies kept two clean sheets when they needed to, and look a good fit for Conte's scheme, and that Romero is a big upgrade, the biggest and best chance to improve is the wingbacks.

Conte's system may put more of a premium on goal scoring (edit) wingbacks (moron) than any other. Doherty illustrated that, going from an absolute laughingstock to one of the league's outstanding performers. Really effective goalscoring wingbacks may be had at a discount, if Doherty is any guide. So it may be possible for Spurs to get (or, maybe, convert) a couple of the very best for a relatively modest price.

Not to say that other additions wouldn't be welcome, just that the ideal wingbacks might be the most cost-effective ones.

 

Filip Kostic is valued at £12m according to the Mirror

Oh boy, Levy is happy when teams Levy themselves before Levy and Levy them

 

Jude Bellingham is rumoured to be leaving BD. Liverpool sniffing.
Now THAT would be a statement....