Lewis wants to sell for one billion. He's 77 now and has had no offers but the £400 mill for the new stadium is putting him off keeping the club. If we get top four then there should be suitors. Oh well.
http://www.mirror.co.uk/sport/football/news/tottenham-up-sale-owner-joe-4197493 Hope someone buys it, been obvious for years now that JL isn't interested in Spurs.
I think it's one of two things. Either the whole thing's made up or he's not really bothered about selling, but would take a massive, massive fee for the club.
What was the share price when Lewis bought back the remaining shares? https://www.google.co.uk/finance?cid=667853 I don't understand the figures, but that will show a value for the company. £1b sounds cheap and a made-up-number.
The story has come from the Mirror... Surely that tells us all exactly what to think of it? There's been quiet talk for years that Joe would be willing to sell anyway, providing the right price came in of course. Though surely that stands for every owner? If you get a fee that you're happy to accept then you're going to sell, it's pretty much like that in all walks of life, I don't think a football club (bar the ridiculously high volume of money being touted) is any different.
The folklore has long been that Uncle Joe is looking to make at least 500m from a sale of THFC. The club currently is nowhere near that valuation. New WHL and some reasonable on-pitch success would be necessary first.
Uncle Joe has little interest in Spurs but as an investment . The cost of the of the stadium is scaring his pants off and he has been dragging his heels for a long time as he has not got the financial will to compete for footballing success . The club has always been up for sale if someone will pay near his price. His personal greed will unfournatly hold us back as he awaits lottery win but he ain't got long.
The question is, would you be happy to be bought by either an oil baron or middle east royalty? It would mean trophies...
Yes, delighted. The days of winning on a level playing field are clearly over, as shown by Spurs and Arsenal's toils over the past 9 years - two trophies between us for the two best financially run clubs in the league.
"The question is, would you be happy to be bought by either an oil baron or middle east royalty? It would mean trophies" Cannot be done now by any club with UEFA trophy aspirations (the FFP has burnt that bridge) . New Sugga Daddy FCs are not allowed.
I'd be happy to be bought by somebody that runs the club sensibly and perhaps looks to the German model for a little inspiration. I'm relatively pleased with the way that we've been run under ENIC, which I wasn't expecting to be when they first took over, but there are areas that could be improved. Our ticket prices are a little out of hand, in my opinion and the stadium needs sorting, for a start. Other than that? Not much to do differently. My hope is that if we do sell, then we avoid any of the obvious pitfalls that have hit other clubs. No suggestions of a move to somewhere ridiculous, no alteration of our traditional colours, a name change for the club or renaming WHL Dick's Sporting Goods Park, for example.
£1B sounds ridiculously high. Anyone would be a seller at that price - buyers might be a bit more difficult. The stadium is quite interesting. If it costs £400m and you have to borrow the money at 5% and depreciate it over 50 years, you need revenues of around £30m pa to break even. It's got 20,000 more seats so you need £1,500 per season per seat. So it doesn't seem the massive game changer that is always claimed. I guess the solution is that you sell the naming rights for a major sum, and finance half of it through selling about 10,000 of the best seats on a ten year licence for 20k each but it still doesn't really add that much to the club value.
Catch-22 situation really. I hate the idea of an Oil Baron or a Sheikh taking over our club in which they'd have little interest in and see it as somewhat of a toy to play around with but at the same time, if you're to truly compete with the big boys, it's the only avenue to possibly go down unless you get somewhat of a "lucky" break like Atletico did and even when that happens, you still lose key players at the end of it. Though trophies isn't the be all and end all for me, I just enjoy going to the games for the occasion. I love Spurs, regardless of whether we can be the best in the world or scrapping in the conference.
"unless you get somewhat of a "lucky" break like Atletico did and even when that happens, you still lose key players at the end of it." Atletico Madrid got themselves into a bad financial situation. Which is why they were continually selling off their talent. Which is problematic as they have now got themselves back to the top. Increases in TV/sponsor revenue as a result of last season hopefully will get them back to ground zero (and no need to sell key players to balance the books) .
I've read a bill is too low and I've read a bill is too high, either way the fact that we'll have to play somewhere else for a year or so galls me. I don't want a Man City type set up but I suppose to compete we might have to.
I think it was about 40p per share which makes the company worth about £85m. I'd expect a big premium for a private sale but not more than 10 times. According to Transfermarkt our squad is worth £240m and I think our property is worth about the same as our liabilities so £240m is the minimum sensible valuation
