Tottenham owners make new takeover decision after behind-the-scenes move revealed
Tottenham have received takeover interest from multiple interested parties over the past few weeks.
The discussion around majority owner ENIC’s appetite for a sale was triggered after it was confirmed former executive chairman Daniel Levy had left Tottenham last month.
The latest takeover approach was from a US consortium led by tech entrepreneur Brooklyn Earick.
The Sun reported on 25 September Earick’s group had launched a world record £4.5billion bid to buy Tottenham, with the proposal including £3.3bn to purchase the club and £1.2bn to be set aside for Thomas Frank‘s player budget.
Tottenham responded to the takeover approach after releasing a statement on 26 September, insisting they have “unequivocally rejected” an informal expression of interest from the US consortium.
Tottenham cut ties with major banker after takeover latest
The Times reported in July 2024 Levy was in talks about selling a stake in Tottenham at a valuation of £3.75bn, with the club being advised by bankers from Rothschild on the sale.
Levy was unable to agree a deal before his departure was confirmed on 4 September.
The Athletic reported on Tuesday (30 September) Tottenham have now ended their relationship with Rothschild as they maintain the club is not for sale.
A club spokesperson told the news outlet: “We’re grateful for the support of Rothschild in recent years. However, given the club is not for sale, we mutually agreed there is no longer a role for them and have mutually ended the mandate.”
ENIC owns an 86.91 per cent stake in Tottenham, while Levy and members of his family hold a 29.88 per cent share in the British investment company, and Joe Lewis’s family trust own the remaining 70.12 per cent.
The latest move suggests Spurs’ owners really are serious about their lack of interest in agreeing a takeover deal despite being presented with multiple proposals in recent weeks.
Tottenham’s owners could be open to interesting deal
Football Insider revealed on 26 September Tottenham’s owners could be open to a deal that would see the owner of an NFL franchise invest in the club.
Spurs’ existing contract with the NFL is understood to be an important element for potential investors, with a minimum of two games played at the Tottenham Hotspur Stadium each year.
The first NFL game was held at the 62,850-capacity facility when the Chicago Bears took on the Oakland Raiders in October 2019 – just months after it opened.
Meanwhile, public filings last week revealed Andrew Ashcroft has now invested in Tottenham.
Andrew, who is the son of former Conservative Party deputy chairman and Spurs shareholder Lord Ashcroft, has taken a 3.4 per cent stake in the north London giants.
However, finance expert Stefan Borson told Football Insider Lord Ashcroft has likely passed his Tottenham shares down to Andrew, ensuring no new money has come into the club.
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