Exclusive: Amanda Staveley in Tottenham takeover talks after Daniel Levy bombshell
Tottenham are in talks with two interested parties about a takeover deal amid Daniel Levy’s shock exit, sources have told Football Insider.
Tottenham confirmed Levy has stepped down as the club’s executive chairman after spending 24 years in the role, with Peter Charrington appointed non-executive chairman.
Spurs insisted there will be no changes to the ownership of the club, while Levy will remain part of ENIC, which owns an 86.91 per cent stake at the Tottenham Hotspur Stadium.
However, an industry insider has revealed their understanding is talks have been ongoing in the background with two parties interested in securing a takeover deal.
One of those potential investors is believed to be a Qatar-based consortium spearheaded by former Newcastle United chief Amanda Staveley, while the other is an American group.
Tottenham could agree £5bn takeover deal
Tottenham have been trying to secure new investment over the past couple of years as they look to compete towards the top of the Premier League table again.
Alongside Staveley and Qatari investors, US-based MSP Sports Capital are among the parties to have been linked with the north London giants in recent months.
Football Insider revealed on 5 June Tottenham were edging closer to a takeover deal, which would value the club at £5billion.
However, sources have now indicated Levy might not have been on board with a full sale and wanted to continue running Spurs before his exit was confirmed on Thursday (4 September).
Levy and members of his family own a 29.88 per cent stake in ENIC, with Joe Lewis’s family trust holding the remaining 70.12 per cent.
Tottenham stadium opportunities accelerating takeover talks
It is believed the opportunities created by Tottenham’s new stadium are a key factor behind the takeover interest.
While Levy has been a controversial figure among Tottenham fans, he leaves the club in a strong financial position following his departure.
Spurs’ latest published accounts for 2023-24 revealed their turnover fell from £549.6million in 2022-23 to £528.2million, but their commercial revenue increased from £227.7million to £255.2million across the same period.
Alongside Charrington, Vinai Venkatesham will now steer the ship after he was appointed as the club’s CEO in April.
Meanwhile, Thomas Frank has picked up six points from his opening three Premier League matches in charge of the club, having replaced Ange Postecoglou in June.
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