Journalist sets the record straight over Spurs’ rumoured takeover bid

Football.London’s Alasdair Gold has clarified that a document claiming to be an indication that Tottenham Hotspur Football Club is up for sale, is indeed a hoax.

Over the past few days, the alleged takeover document, titled ‘Project London’ has been doing the rounds on social media.

Labelled as ‘strictly confidential’, it is presented as a document from Strategic Growth Investments, who are said to be looking at the possibility of buying a Premier League club from London, with a valuation between £1.25billion ($1.65billion) and £1.5billion ($2billion).

The document asks for indications of interest from potential limited partners by August 30 and a letter of intent by August 31.

While the document does not name Tottenham as the club the firm is looking to take over, it is clear that the Lilywhites are the ones being discussed owing to the following passages:

“The club has one of today’s most popular English footballers, along with one of the most recognizable (sic) Asian footballers the world has seen to date, creating great brand appeal and further sponsorship opportunities in a large global market.

The club’s world-class stadium hosts international sports events, including NFL and rugby games in Europe, as well as non-sporting events.

However, Football.London have confirmed that Spurs have shot down the document as a hoax.

The report reveals that chairman Daniel Levy does not have any intention of selling the club for the moment.

Spurs Web Opinion

Daniel Levy and ENIC have made no secret of the fact that the club has always been for sale as long as their valuation can be met. However, one suspects that we are not going to see such an expensive deal go through for the next few years at least given the global economic scenario as well as the financial uncertainty in the footballing world.

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