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James Murray

Wed 11 March 2026 13:00, UK

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Amanda Staveley is unlikely to have raised £3billion to secure a Tottenham Hotspur takeover deal. 

That is according to former Manchester City financial adviser Stefan Borson, who exclusively told Football Insider the most likely scenario is the Lewis family – Spurs’ majority owners – purchase Daniel Levy’s stake.

It was reported last September that Staveley was in talks over a Tottenham takeover following Levy’s exit.

However, the British business executive’s company – PCP International Finance – later released a statement confirming it did not intend to make an offer for the north London giants.

ENIC owns 86.91 per cent of Tottenham, with Levy holding a 29.88 per cent share in the British investment company and the Lewis family owning the remaining 70.12 per cent. 

Why Amanda Staveley isn’t in line to complete Tottenham takeover

TEAMTALK reported on 28 February that Staveley and her husband, Mehrdad Ghodoussi, have more than £3bn of funding in place to buy Tottenham. 

The pair previously helped the Saudi Public Investment Fund (PIF) secure its takeover of Newcastle United in October 2021.

Speaking exclusively to Football Insider, Borson discussed Tottenham’s ownership situation and Staveley’s ability to complete a deal.

“Well, first of all, I think it’s a nonsense story, to be honest, so that’s the starting point,” said Borson.

“I don’t believe that they managed to raise £3bn to buy Spurs. Would it be enough? Well, right now it would be enough because there’s huge risk of relegation. That is big risk, and that will be factored into the price. 

“In any event, I question whether Spurs were worth £3bn even if they were top of the Premier League. I think there’s a big question mark there.

“I don’t think it’s clear that Chelsea, at the £2.5bn that they were bought for, was value. I don’t buy that. I don’t buy the story.” 

How Tottenham owners could agree Daniel Levy deal

Borson insisted the Lewis family are more likely to increase their stake by purchasing Levy’s shares than a third party invest in Tottenham at this moment in time. 

“I don’t know what Spurs are worth,” said Borson.

“I think when you’re in this sort of situation, it’s very hard to say what they’re worth. 

“I still think the most likely scenario, as I’ve said before, is that the Lewis family buy out Daniel Levy’s stake, as opposed to the whole thing gets sold to a third party.

“I think it’s very hard to see who has the resources or the willingness to pay £3bn for Spurs right now.”

Tottenham currently sit 16th in the Premier League table and are just one point above the relegation zone.