The Daily Mail have revealed that while Joe Lewis is open to selling Tottenham Hotspur, the upcoming £3.1billion offer from Iranian-American businessman Jahm Najafi is expected to fall short of the 86-year-old’s valuation.
The Financial Times reported earlier today that Najafi, who is chair of MSP Sports Capital, is working with a consortium to prepare the structure of a huge bid to takeover Tottenham.
The report revealed that Najafi and MSP would put forward 70 per cent of the capital while others, including backers from Abu Dhabi and other Gulf areas, would contribute the remaining 30 per cent.
However, The Mail have now revealed that the anticipated £3.1bn offer is expected to be turned down as it will fall short of the valuations of Lewis and Daniel Levy.
It is explained that Lewis values the North London club between £4bn-£4.5bn, with some sources reportedly describing a proposed sale at £3.1bn as ‘impossible’.
However, the publication adds that it is a ‘well-known secret’ that Lewis is now open to selling Spurs and that Levy has welcomed a number of potential buyers to the Tottenham Hotspur Stadium over recent months.
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MSP have previously bought a 15% stake in Formula 1 team McLaren for £185m in December 2020 and also own shares in Spanish side Alcorcón, Belgian club Beveren and FC Augsburg in Germany.
Qatar Sports Investments are also said to have held exploratory meetings with Daniel Levy last month over purchasing a minority stake in the Premier League outfit (CBS).
Spurs Web Opinion
If MSP Sports Capital are serious about their interest, perhaps this was just an exploratory opening offer and one can expect them to come in with an improved bid if this is turned down.
However, I do not think Lewis and Levy will be in a hurry to accept any amount lower than their valuation as they know that the club will only become more lucrative to potential investors as the stadium’s earning potential continues to get maximised over the coming years.
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