Tottenham Hotspur could be the subject of a formal takeover approach within a matter of the next few weeks according to the Financial Times.
The report claims that Iranian-American billionaire Jahm Najafi is fronting a massive $3.75bn (£3.1bn) takeover bid of the north London club, which will see Najafi, who is the chair of MSP Sports Capital, work with a consortium of investors to put together the formal approach for Joe Lewis and Daniel Levy to review.
The offer would see consist of a $3bn (£2.4bn) valuation of the Premier League club while also including adding around $750m (£620m) of debt on the club’s books. The financals of the deal would see MSP Sports Capital and Najafi contribute 70 per cent of the price, while the remaining 30 per cent would come from backers from Abu Dhabi and other parts of the Gulf.
CBS journalist Ben Jacobs previously broke news that Tottenham chairman Daniel Levy had held talks with Qatar Sports Investments (QSI) over a possible minority investment in the club during January, with Levy having met QSI chairman Nasser Al-Khelaifi in London for exploratory talks.
The Telegraph reported in September 2021 that Levy held a £3.5bn valuation of Tottenham, a figure he was said to have at the time quoted at least one party that was interested in making a bid for the club.
ENIC have been in charge of Tottenham since taking over from Lord Sugar in 2000 and have delivered a single League Cup during their tenure.
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SpursWeb Opinion
Many Tottenham fans will welcome the prospect of an outright takeover of the club and hope that it will lead to more ambition and funds being allocated to the first team, which has been witnessed at Chelsea following Todd Boehly’s takeover.
Whether Levy would settle for a £3.1bn price tag is questionable when Chelsea exchanged hands for a £4.25bn purchase last year (Sky Sports).
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