Tottenham insist no takeover discussions taking place

Tottenham Hotspur Stadium
Dom Le Roy

Tottenham Hotspur have today released a statement insisting that the club are not in any takeover discussions.

The Daily Mirror reported last night that Joe Lewis was prepared to sell the club for £1 billion, the club have moved to insist that the focus is on building the new stadium.

The Bahama-based billionaire bought the club in 2001 from then chairman Alan Sugar for a fee of around £22million.  Lewis controls ENIC International Ltd and was hoping that the club’s new stadium, naming rights and TV cash would push up the asking price.

A statement on the official Spurs site read: “The stadium redevelopment plans are a significant part of the future for both our Club and the local area and represent a complex infrastructure project that requires funding. This substantial construction project requires discussions with multiple providers of finance so that the optimum financing package can be achieved. To this end, we have appointed Rothschild to advise us on those options.

“Accordingly, we  are at a stage where we are starting to engage with a number of financing institutions and potential funders in respect of the new stadium development project.

“Contrary to recent press speculation, neither the Club, nor its majority shareholder, are in any takeover discussions and the focus of the club is fully on delivering the new stadium project.”

What is your view on the above statement?  Have your say below

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