Forbes report that Tottenham have been up for sale ‘for several months’ but the price has dropped during that time because of supply and demand, according to investor sources.
It is claimed that between 10% and 20% of Tottenham could be purchased at a club valuation of $4.5 billion, given the growth opportunity of the stadium and NFL links. However, that overall club valuation may have dropped to $3.75m due to other clubs being available.
Forbes report that Manchester United, Liverpool and Everton are all being put up for sale by their owners, while there have also been recent developments around Chelsea, AC Milan and Inter Milan. Simply put, the more clubs up for investment opportunities, the less value Tottenham may have.
This all comes after the Financial Times reported earlier today that Iranian-American billionaire Jahm Najafi, who is a minority shareholder in NBA team the Phoenix Suns, is readying a $3.75 billion (£3.12 billion) bid for Spurs. This would include $3 billion in equity and $750 million in debt.
Spurs Web Opinion:
Just like the stadium naming rights deal, Levy and ENIC will not sell low for the sake of getting it done quickly. If they think their valuation will rise by waiting the market out, they will do exactly that. So, either the bid will have to increase, or we will have a wait on our hands.