Amidst reports of Jahm Najafi’s potential takeover bid for Tottenham, The Daily Mail have now provided a detailed explanation of the Iranian-American businessman’s exploits and his net worth.
The Financial Times reported on Wednesday 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.
However, it subsequently emerged that while Joe Lewis is open to selling Spurs, the anticipated £3.1billion offer Najafi is expected to fall short of the 86-year-old’s valuation of the North London club, which stands at around £4bn-£4.5bn (The Daily Mail).
As we wait to see how this episode unfolds, The Mail have provided a profile of Najafi and his various sporting investments over the years.
Born in Iran, he is said to have migrated to the United States at the age of 12 with his family and reportedly learned English by watching television. He received a BA from the University of California, before graduating with a Masters in Business Economics from Harvard University.
The Mail reveals that Najafi spent four years working for Salomon Brothers Investment Banking before serving as the partner and chief operating officer of private investment firm Pivotal Group between 1990 and 2002.
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He then founded Najafi Companies in 2002 and continues to serve as the CEO of the private firm. The publication explains that as of 2021, the 60-year-old’s net worth stood at £2.9bn.
The businessman is most popular in the sporting world as a partial owner and vice-chair of the NBA side Phoenix Suns. Najafi also currently owns a 33 per cent stake in the McLaren F1 team.
Spurs Web Opinion
Spurs fans who are desperately hoping for ENIC and Levy to sell to Najafi should be careful what they wish for. It is unclear if the consortium would have the funds to invest significant amounts into the club or if we will continue being self-sustaining.
If it is going to be the latter, I would prefer to have Levy in place. For all his faults and the mistakes he has made with respect to hiring managers, we remain one of the best-run clubs in Europe off the field.
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