It's absolutely right that you are exercising caution with regard to this potential takeover. I've seen lots of Spurs fans getting overexcited and making all sorts of claims about Cain Hoy that they can't possibly substantiate - ranging from them lavishing huge amounts of money on Spurs and making us a permanent member of the top four to them merely being a "better ENIC". As you say, at this stage, they could just as easily take money out of the club or they could just as easily be a "worse ENIC".
We need to see the colour of Cain Hoy's money - regardless that they have some thoroughbred finance behind them. We need to be assured that ENIC will only sell if they are quite certain that Cain Hoy will not burden us with debt in the form of a leveraged buyout and, ideally, we need to be assured that they are bringing something to the table other than merely enough money to persuade Lewis, and maybe Levy, to sell - i.e. are they also prepared to provide at least some of the funding for the stadium construction?
However, that all said, there are a couple of reasons to be cautiously hopeful. First and foremost, one of the three principals at Cain Hoy has form for investing in sports teams. Todd Boehly is the man behind Guggenheim's ownership of the LA Dodgers and the big investment they have made in the team since taking it on. That's no guarantee that he'd do the same at Spurs, of course, but it makes such an outcome somewhat more possible. Secondly, another of Cain Hoy's principals is a long time Spurs season ticket holder. You'd hope that, at the very least, he would want no part in a leveraged buyout that would see the club haemorrhaging money to pay off Cain Hoy's debt, as per the Glazers at Man Utd.
