Report: Chelsea owner was in talks to buy Spurs before pandemic

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Tottenham Hotspur Stadium
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The Times have claimed that Todd Boehly tried to enlist the Amanda Staveley and the Saudi Public Investment Fund (PIF) in an attempt to potentially buy Tottenham Hotspur before eventually turning to Chelsea and Newcastle respectively.

The Athletic reported back in February that Tottenham are now more for sale now than they have ever been, with potential investors having to pay £3 billion to buy Tottenham: £2.3 billion for the shares, plus £700 million of debt. 

The report stated that several investors had shown interest in buying the North London club, including Boehly and Singaporean businessmen Forest Li.

The Daily Record subsequently revealed that an American-based special purpose acquisition company LAMF Global Ventures had even made an offer to buy the club but it was rebuffed by Daniel Levy since the takeover would have entailed the club relisting on a stock exchange for the first time since 2012.

The Times have now confirmed Boehly’s attempts to buy Spurs before he turned his attention to Chelsea but the report explains that the American businessman was not the only one who showed interest in the Lilywhites.

It is asserted that the new Chelsea owner tried to enlist Newcastle United’s director Amanda Staveley and the PIF to be part of the bid to buy Tottenham.

The Times add that Boehly even held ‘advanced talks’ with the Spurs owners about buying the club along with property investor Jonathan Goldstein, and suggested that the PIF might be part of a bid.

Spurs Web Opinion

It is not surprising that PIF and Boehly both expressed interest in Tottenham as our new stadium (because of its earning potential) and the club’s commercial growth over the last decade, has made it one of the most lucrative football clubs in the world for potential investors.

One would expect a lot more interest in the club over the coming years and I would not be surprised if ENIC sell the club within the next two to three years. However, the Chelsea takeover has set a precedent in terms of the price, and I would expect Levy and ENIC to hold out for £4 billion.

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