£3.75bn Tottenham Takeover Update as Billionaire Speaks Out

Daniel Levy publicly announced that Tottenham was for sale in April, but the hierarchy has been seeking fresh investment for much longer. In a statement accompanying Spurs’ latest accounts, which showed club-record revenues of nearly £550m, chairman and co-owner Levy revealed the club is “in discussions” with investors. However, he did not specify whether ENIC was seeking a full or partial sale.

Potential Sale and Interested Parties

Both a full and partial sale are believed to be on the table, with reports suggesting the owners value the club at £3.75bn. This makes a 10-15 percent sale the most likely outcome at present. Several groups have been linked with a potential deal.

Most recently, ex-Newcastle United co-owner and director Amanda Staveley has reportedly shown interest, having raised £500m for new football investments through her firm PCP Capital Partners. Paris Saint-Germain benefactors Qatar Sports Investment, Formula One investors, and Liberty Media have also been loosely linked to Spurs.

MSP Sports Capital’s Interest

MSP Sports Capital, a New York-based global private equity firm, has shown significant interest in Spurs, conducting full due diligence and holding exploratory talks with the club. This comes after their failed bid to take over Everton. With limited investable clubs available, it’s likely Spurs are back on MSP’s radar.

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Jahm Najafi’s Focus on Sports

In a new development, MSP partner Jahm Najafi told Forbes that he is currently “focused on sports.” Najafi, along with Jeff Moorad, who has been named one of the most powerful people in sport by The Sporting News, could see Spurs as a promising capital appreciation project.

Buzz Analysis: Future Investment and Joe Lewis’s Role

Levy’s £3.75bn valuation of Spurs has raised eyebrows, making a full sale the biggest takeover in football history. This price reduces the number of potential buyers, making a minority investment more achievable.

While takeovers of Newcastle and Everton have faced regulatory complexities, Levy would ensure any offer would be ratified by both ENIC and the Premier League. Therefore, once a buyer emerges, a deal could proceed relatively quickly.

Joe Lewis’s conviction for insider trading last year led to his step-down from his role at Spurs. Although his family trust still controls his shares, there is sufficient corporate separation to ensure the former owner would not present any issues.