Levy & Co have announced their intentions to de-list THFC from the Alternative Investment Market. So what does this actually mean? If I could predict the future I’d be tipperty tapping this on my yacht. But I’ll give you my interpretation at what’s shaking.
First up I’ll guess that most of you reading this either own no shares (like me) or a token ‘one’ for souvenir purposes. Well you have two choices here. You can keep the certificate as permanent souvenir forever – it is after all yours, or you can effectively sell it back to THFC. The costs of trading one or a very small quantity of shares may prove prohibitive, so the Club are nobly effecting the Nil Cost Dealing Facility which does what it says on the tin. This will run from November 21st to January 11th.
The de-listing requires in excess of 75% of the share holders to vote in favour of doing so. This will happen.
So why is this happening? In simple terms the Board have made an intelligent decision as it knows the immediate future of the business is going to be shall we say quite dynamic financially. The Stock Market has been as flat as roadkill for some time and after what I would imagine were protracted discussions with potential investors the decision to allow the Board greater flexibility in negotiations was made.
What now? Well in simple terms this move makes the takeover by Bond villains far, far easier. The club is financially stable, but isn’t in a position to charge ahead with the NPD under its own steam. The good news is obvious. Tottingham Hotspur are a good bet for the future both on the pitch and in the Boardroom. The brand has massive value. The potential is equally massive, but the launch of a new stadium project just needs that extra boost to make it happen.
Me Again says:
November 16, 2011 at 10:40 am
Harry Hotspur says:
November 16, 2011 at 10:29 am
November 16, 2011 at 10:53 am
November 16, 2011 at 11:17 am
November 16, 2011 at 10:54 pm
November 17, 2011 at 12:14 am
November 16, 2011 at 11:01 am
November 16, 2011 at 4:27 pm
November 16, 2011 at 5:33 pm
November 16, 2011 at 11:14 am
November 16, 2011 at 11:34 am
As Enic itself currently owns 82% of the shares and only 75% are required to carry the vote it just might go through I guess…
Hence,” The de-listing requires in excess of 75% of the share holders to vote in favour of doing so. This will happen.” :daumen:
Qatar is a very small nation with very rich hands and very long arms. Are we being bought out???
I really cannot see an Arab-backed bid for a club whose supporters call themselves Yids.
Maybe it’s the Israelis.
I couldn’t imagine a Russian Jew buying a club with anti-semitic fans, but there you go… ;)
I understood ENIC owned 62% and 12% was retained by SAS when he relinquished complete ownership. However,the conspiracy theorists will be out in force today, so it’ll be an interesting post.
Have a vague memory that Sugars holding was bought out some months/year ago.
I thought his large share had, but I’m sure he’s still got a minor amount invested in the club, perhaps it’s via Amstrad or possibly his son, but it’s not an issue. But once again, the assumption Joe Lewis is interested and will invest his gazillions in Tottenham will raise it’s head, whereas the truth of the matter he has no interest in the club other than through ENIC.
It would be very nice if some super rich person were to come along, with pockets full of dosh, and invest in the club, with the idea of building a new stand, and giving Levy a chance to embrace his ideas on the way that the club should go forward.
Being back on the open market would give us a better chance. There are apparently people out there ready to invest in sound Premier League Clubs.
As you said HH this will happen, for the good effect of the club.
“In light of the decision to formally retain the running track and an incompatibility of football in a stadium with a track, the Olympic Stadium has ceased to be an option for the club..”
Amen to that.