Is ENIC selling? (Possibly not!)

Is ENIC selling? (Possibly not!)

According to various sources, ENIC wishes to sell up and move on, however, this isn’t new news. Nevertheless, it has been recently brought back out of the closet and dusted down by journalist Alasdair Gold of Football.London. He has claimed in his latest video link that he has heard ‘little noises’ that ENIC could potentially look to sell their stake in the club within the next year.

As you all know, ENIC currently controls the bulk ownership of Tottenham with an 85.6 per cent share, which could increase to 87.5 per cent if they decide to draw down the complete £150million cash injection from the Bahamas-based company. ENIC is owned by Joe Lewis who has a net worth of £4.4 billion.

It is believed that Lewis will try again to put the club up for sale. One of the reasons put forward is that Tottenham Hotspur club has hit the peak time for a high valuation.

One of the explanations for selling could also do with Chelski being sold for roughly £4.25 bn to a consortium led by the American investor Toddy Boehly.

We have one of the best training grounds and a new stadium, which beats any training ground/ club in Britain. I imagine that selling Spurs would easily beat the Americans’ valuation for the Blues.

However, I do question this. Talking to people close to the owner and chairman, it seems that Lewis’ children want to keep hold of the Tottenham Hotspur assets and build something even more significant in their own right once their father passes away.

Granted, it is all speculation, but the rumours of the kiddie-winkles wanting to take over makes sense. Joe Lewis is 85, does not need an extra few more billion, and will probably pass away within the next 15 years. Then the money will be passed over to his heirs. So it makes much more sense to consult his children about what they want to do with the money. I’ve often seen members of the Lewis family at the ground taking an active part.

As for Levy, he will want to continue in his own right, and if Lewis does sell, then our chairman will want to stay on in the same role as head of the empire he created. That is, if the new owners want him… But Levy can be a stubborn bastard.

What is happening on the field is what troubles us (the paying fans). As far as most are concerned, you could put a monkey in charge and providing the primate creates a magnificent fighting machine that challengers for top honours, then we will be happy. After all, Tottenham’s team should be first; building a financial empire should always be second to the Glory, Glory days and nights. It was the outstanding achievements/ trophies that put Tottenham on the map. Because of that, ENIC and Levy wanted to take control and lord it over all before them.

Tottenham, the club and its player’s first and only profits used to challenge the best clubs in the world. After that, and only then, can Daniel Levy play Kingmaker/ God with what he created in the name of Tottenham Hotspur Football Club (making money through concerts/ sport etc. and then enriching himself).

With a great manager installed and some good investment being ploughed into the team (allegedly), we must build on that for what should come after (must come after!).

All the best, Glenn

COYS!

 

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