Exclusive: Levy holds out for £3.5bn Tottenham sale as US consortium may rival Qatar
Daniel Levy will be unwavering in his valuation of Tottenham should he choose to sell to investors from Qatar or a consortium from the USA.
That is the view of football finance expert Dan Plumley, who told Football Insider exclusively that Spurs are “an attractive football club to buy”.
Despite claiming their first piece of silverware in 17 years, Tottenham sacked Ange Postecoglou, largely owing to the club’s 17th-placed finish in the Premier League last season.
Spurs have hired Thomas Frank to be his replacement, with the Danish manager boasting a strong pedigree of overperforming in the league during his time at Brentford.
Plumley previously told Football Insider that Levy would have had an eye on the future when deciding to sack Postecoglou, as a club’s manager is important for the “attractiveness” to potential investors.
And with interest from Qatari investors, the Tottenham chairman will likely be conscious of the effects a good season can have on the club’s value.
Daniel Levy will hold out for £3.5bn Tottenham deal
Speaking exclusively to Football Insider, finance expert Plumley explained that given his reputation as a “hard” negotiator, he could not see Levy backing down by much on his asking price for Tottenham.
Spurs have had interest from Qatari investors since 2023 [The Guardian], and the club’s chairman would seemingly rather take his time getting the best deal possible, rather than rushing through a sale.
However, whilst a sale to Middle Eastern investors seems the most likely outcome, Plumley also suggested that US investors could become interested in Tottenham.
He said: “I still think it’s an attractive football club to buy.
“And again, if you’re talking in those kinds of valuations, a couple of hundred million here and there, it sounds crazy to say, but it’s not real big money to these people that can afford that kind of price.
“So I think this ultimately comes down to negotiation and what somebody is going to be prepared to pay, and if £3.75bn is the price and Spurs are sticking to that, as a bidder, you’re going to go in a little bit lower than that certainly, and look to get a steal as well.
“Again, we’re probably talking huge American private consortium or a sovereign state and we know Qatar have been interested, and remain interested, and it’s still likely it goes that way.
“But ultimately the valuation is going to be done in negotiation because you can get to a figure of £3bn, you can get to £3.5bn, it’s kind of anything in between.
“But we know Levy’s stance and how hard of a negotiator he is, so I’m sure he’ll be holding out for £3.5bn.”
Tottenham can wipe debts and become more attractive to investors
Plumley previously spoke to Football Insider on the topic of Spurs’ sale, and explained that with a naming rights deal Tottenham could effectively wipe the stadium debt that would exist for a new owner.
Despite being a financially successful club, Levy has rarely put money of his own into the club in recent times.
This has hindered Tottenham’s ability to be successful on the pitch, and as last year showed, some competitions often need to be sacrificed in favour of others.
The need to be self-sufficient puts a glass ceiling on Spurs, something that could be unlocked by investors more willing to splash some cash.