Kieran Maguire

Sat 26 March 2022 13:00, UK

Tottenham could potentially be sold for more than Chelsea when the time comes for regime change.

That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about how the ripple effect of Chelsea’s imminent sale.

Six prospective buyers have made the shortlist as Roman Abramovich attempts to force a sale following sanctions from the UK Government.

The Daily Mail reported last Friday (18 March) that Daniel Levy is concerned that a knockdown price could impact the future value of Spurs.

But Maguire claims that the Chelsea sale could actually have the opposite effect.

“The reason it would have a knock-on effect is because of transaction comparables,” he told Football Insider‘s Adam Williams.

“It’s broadly the same as valuing other large assets. The biggest asset most of us will sell is a house.

“How do you determine what a house is worth? You do your research and make adjustments on the basis of other houses.

“So if Chelsea goes for £3bn, you ask what do Spurs have that Chelsea haven’t? They’ve got a multi-function stadium, but they don’t have trophies.

“You use Chelsea as your base level and start to add beneficial or detrimental factors to determine the price.

“But, in my view, if Chelsea go for £3bn, that is absolutely fantastic for Spurs.

“If you are benchmarking against Chelsea, Levy can say they have got a bigger, more modern ground, some of the best training facilities on the planet.

“All they need now is perhaps a different strategy with regards to recruitment and retention. But Spurs have got better wage control.

“In 2020, they generated £41m more in matchday than Chelsea, and that was in a curtailed season. In a full season I’d expect it to be closer to £50m.”

Spurs are understood to have effectively been for sale for the past few years.

But the ENIC group are yet to receive any offers that comes close to their valuation.

In other news, Major update on Lucas Moura’s Tottenham future after Dejan Kulusevski latest.