The Athletic’s Jack-Pitt Brooke has heard the consortium including the Public Investment Fund of Saudi Arabia (PIF) that brought Newcastle United from Mike Ashley also showed interest in buying Tottenham Hotspur.
Along with Matt Slater, Pitt-Brooke wrote a piece titled ‘ENIC and the long-term future of Tottenham Hotspur’ for The Athletic this week in which he revealed the club is more for sale now than they have ever been.
The report explained that any investor would have to pay £3 billion to buy Tottenham: £2.3 billion for the shares, plus £700 million of debt.
Despite the high price, it was stated that several investors had shown interest in buying the North London club, including Singaporean businessman Forest Li and American businessman Todd Boehly.
The article revealed that Li received a ‘red carpet welcome’ to the club back in December as Daniel Levy’s guest at a home game and even stayed at Tottenham training ground afterwards.
Pitt-Brooke has now revealed he also heard suggestions that the Saudis showed interest in Tottenham but admitted that ship had now sailed following their takeover of Newcastle.
The journalist said on The View from The Lane Podcast: “Yeah, that’s an interesting point.
“In terms of the Saudis, I mean, to be honest, in the course of doing this piece, I have heard suggestions that the Saudis were interested in Tottenham before.
“I should be clear that this has been denied to us, but I think that ship has probably sailed since PIF bought Newcastle.”
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PIF paid just £300m to buy Newcastle (Goal.com), which is reportedly a tenth of what Spurs would have cost.
That is always the issue Tottenham are going to have in finding potential buyers as even extremely wealthy individuals are likely to be put off by the £3billion asking price when there is the option of buying cheaper clubs and building them up.
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