Manc in London
Well-Known Member
- Joined
- 6 Aug 2008
- Messages
- 8,520
TCIB said:fbloke said:How lucky are we to have the owner we have
http://www.telegraph.co.uk/sport/fo...on-raising-funds-from-American-investors.html
I would have thought this was always going to happen after the club was delisted. Either that or the sale of the club. I am not sure though how attractive Spurs would be to an investor with a ground capacity significantly less than 50k. What happens next will have a huge impact on their history. They're not as big as Arsenal and I think there is no guaranteed CL income in the next few years for any club, as there was when the SKY4 were dominating and they knowingly took out loans out knowing they would be able to pay the loan and interest because of CL income. The risk for Arsenal raising the capital the way they did, was thus less risky for them than it would be for Spurs.
I am not convinced by a point made in that article. It states that Joe Lewis has left the club to manage on it's own. My understanding was that Spurs have had two major rights issues and he pretty much bought all the shares. Can anyone clarify? I know nothing about private sector finance. To be honest, these two paragraph sums up all I know about the issue.