Legohamster
Jack Jull
Chelsea got brought for 3 billion without a fancy stadium, so I'm not sure how true that is
I'm sure there would be plenty of buyers.
London club, new stadium , worldwide brand.
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Daniel Levy - Chairman
- Thread starter Howard Webb
- Start date
Chelsea got brought for 3 billion without a fancy stadium, so I'm not sure how true that is
I'm sure there would be plenty of buyers.
London club, new stadium , worldwide brand.
Legohamster
Jack Jull
Read somewhere his family have no interest in football but at the same time don't want to sell because of the value it brings
Bedfordspurs
Terry Naylor
Chelsea got brought by idiots and it was a distressed sale
A weird one too as no one knows what happened with the money
We have a debt of £700M ish IIRC to factor in
Strangely there hasn’t been any buyers for us so far…
Not true. His daughter, Vivienne, is a football fan and attends games. She was engaged to Craig Johnson (ex-Liverpool player) for ove 10 years.
Muttley
Steve Hodge
Admittedly, I'm still trying to get my head around the non-outright buyer investment model. It feels like if a consortium can put in say £500m then they get a share of the club. At a £3b valuation, that would surely mean that the investors get 14% of the club. That also means that ENICs 79% becomes 86% of that i.e. 68% and so does Levy's 29% of the 79%. So he would only end up owning 25% of the club. Obviously the same applies to the current 21% which becomes 18%.
The idea would be that Levy uses the £500m to grow the club. I can imagine if it became a £5b valuation then everyone is happy with the growth. If it stays at £3b, which isn't even attractive in the first place, then there is a challenge.
My confusion is that the Guardian is reporting that ENIC own 86.91% and want £3.75b. That obviously makes my numbers wrong but the principle the same I guess.
It's like any investment, you put your money in with the expectation that it will grow. I'd guess it would be through a share issue and the value of the company will increase due to that. It can obviously go up or down after that.
Muttley
Steve Hodge
Yeah, I sort of get that part.
Just trying to figure out where the £500m goes. It's apparently not going against the stadium debt. It would get used to "speculate to accumulate" and get on pitch success which drives a higher valuation of the club. It's how you accelerate growth ahead of organic is the big question.
Bedfordspurs
Terry Naylor
No one knows where the money goes
Is it ENICS shares that are being sold or is it the entire stock…
and we as fans won’t know unless it happens and even then there will be lies and spin
Finney Is Back
Colin Calderwood
As a distressed sale as well, where the valuation is usually much lower.
People often comment at Abramovich ploughing so much money into Chelsea and yet, in a non sanctions forced market, he would've still made significant money on his investment (and what price do you put on the joy he clearly got from making Chelsea England's most successful club during the period of his ownership?)
If only Lewis had some sort of bucket list item to see Spurs win the PL/CL as opposed to carking it with as many billions as possible to his name.
Finney Is Back
Colin Calderwood
I suspect that is because the valuation our owners have placed on the club is too high. Similar to how we couldn't agree a stadium sponsorship deal.
Grays_1890
Jimmy Cantrell
And because post covid marketing world has collapsed to an extent, so the level of them deals are not there anymore. Equally in many marketing circles there is talk about how Spurs are gaining more value by having their own name on the ground (given the increased visibility on international events) which outweighs what the income might be. I have zero issue with us placing a large value on the renaming of our ground because I see both sides TBH
We do know. If it's an investment to get a cash injection for the club it's a share issue. It's not ENIC selling up.
The 500m will then be spent on the team and the property projects that are ongoing.
It's been reported multiple times that we aren't after a stadium sponsorship deal as the value of having our name on the stadium is worth more than any sponsorship deal.
Grays_1890
Jimmy Cantrell
Budgets for Marketing deals has gone down 7% in 2023 and 14% in 2024. Companies finding it harder in the landscape to justify them whilst keeping hold of key staff. The global landscape is not helping at all
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That's all made up to cover up us not being able to get a sponsor...
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Bedfordspurs
Terry Naylor
I don’t think it’s too high when compared to Chelsea
But I do think it’s a very high figure
It’s all relative which is why we ain’t getting sold anytime soon
Bedfordspurs
Terry Naylor
Not necessarily
ENIC could sell a percentage of their shares
Grays_1890
Jimmy Cantrell
Its within PWC an Forbes valuations of us (if ours is to be believed). Assets + planning agreements for future initiatives + 3 x Turnover, like it or not our club is a commercial and infrastructural monster
Look at juves naming rights deal. 2011-2023 for €75m. With a chunk of that money going to the people who brokered the deal.
That's not a cash injection into the club, that is ENIC cashing out which is not what they are looking for, unless they get a ridiculous offer.