A public filing posted by the London Stock Exchange shows that the son of the former Conservative Party deputy chairman, Lord Michael Ashcroft, has bought a minority stake in Tottenham.
Since Daniel Levy’s departure, plenty of investors have shown interest in buying into Tottenham.
According to industry experts, Spurs are valued at around £3 billion, with their commercial income making them very attractive to potential investors.
We have now received confirmation that the ownership of a small portion of the North London club has indeed changed hands, but it has not been brought from ENIC.
Andrew Ashcroft buys a minority stake in Tottenham
The Guardian now reports that Andrew Ashcroft, son of Lord Ashcroft, has bought a 3.4 per cent stake in Spurs.
This is confirmed by a public filing posted by the London Stock Exchange on Tuesday, which shows that Andrew, a hotelier and businessman, purchased 8,023,942 Tottenham shares last Friday.
While it is not known how much he paid for the shares, given the estimated value of the club, it is thought that it would have cost around £100m.
Lord Ashcroft is a longstanding Tottenham shareholder and previously owned around 4 per cent of the club. The report says that it is unclear if he has sold his shares to his son or if Andrew has bought those shares from other minority shareholders.
The Lewis family and Daniel Levy have not sold any of their Tottenham shares
The Guardian make it clear that Andrew has not bought these shares from the club’s majority owner ENIC, or from Daniel Levy, who retain their shares.
The report says that the Lewis family remain adamant that the club is not for sale, despite the growing interest.
In fact, Spurs confirmed that they rejected two approaches to buy a stake in the club at the start of this month, including one from PCP International Finance Limited, headed by former Newcastle United chief Amanda Staveley.