Report: Tottenham seeking investment which could lead to new transfer funds for Postecoglou – The Spurs Web
Tottenham Hotspur have been under the majority ownership of ENIC Sports Group since purchasing a controlling stake in the club in late 2000, with Daniel Levy becoming chairman early in 2001.
The Times have revealed that Spurs are now in talks to sell a minority stake in a deal that could value it at up to £3.75 billion.
With the report suggesting that Spurs value their club at the abovementioned price, any 10% stake or more would have to reflect that bankers from Rothschild advising the club on the sale.
Spurs have long been rumoured to be on the market and Levy is said to have held talks with a number of potential investors, including Paris Saint-Germain president and Qatar Sports Investments chief Nasser Al-Khelaifi – with the Qataris having later cooled their interest in buying a stake.
ENIC currently owns 86.58 per cent of Tottenham, with Levy controlling a 29.88 per cent stake in ENIC, along with members of his family.
The intention to sell a stake in Tottenham was announced in a statement released alongside the club’s financial results earlier this year
Levy said in April: “To capitalise on our long-term potential, to continue to invest in the teams and undertake future capital projects, the Club requires a significant increase in its equity base.
“The Board and its advisors, Rothschild & Co, are in discussions with prospective investors.
“Any recommended investment proposal would require the support of the Club’s shareholders.”
The new investment could pave the way for Joe Lewis and his family to sever ties with Tottenham, with the funds said to go towards new player signings, the development of an academy for its women’s team, and a 30-storey hotel located next to the Tottenham Hotspur Stadium.
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