Spursex - 1/8/2017 20:15
Bald Archie - 1/8/2017 18:23
Spursex - 1/8/2017 11:21
An oft misunderstood conception is that we are owned by a billionaire - we aren't.
A billionaire has shares in a company called Enic who own us, and whilst he is the majority shareholder, he is really nothing more than a passive investor and that was ALWAYS his intention - the limiting cash-spend/funding factor for Spurs (beyond what it generates from free-cashflow) has been the minority shareholders ability in Enic PLC to raise their end of the share holders capital requirements without seeing themselves diluted out of sight i.e. if you raised 150 million to fund Spurs, 70% came from Joe, the rest from the minority shareholders, and /or from the bank by way of security over the shares they own.
If it walks like a duck and quacks like a duck, it is a duck - Lewis owns us and if his aim had ever been football sucess things would look very different. All the 'encumbrances' you go on about are not 'news' to most of us, and would not exist to prevent football success if Lewis was interested in anything other than making a huge ROI.
I don't expect Abramovich 'owns' Chelsea purely in his own name either.
Clearly legal nuances and the subtleties of investments elude you - which doesn't surprise me.
Lewis via Tavistock were always passive investors behind Levy, not active asset manager - there is a World of difference.
Abramovitch is a hands-on active investor/exec chairman, his fully owned investment fund own Chelsea. Lewis has never been an active investor and never said he would be. He is in all intents and purposes an investor in Levy and Enic, which was the original vision and intention when EniC were a sports and software investment company - it's one big payoff investment was autonomy, it's other football holding mounted to a pile of steaming poo, but not once was Lewis active in any of them, just as he hasn't been with us.