Tottenham owners make new takeover decision after record-breaking bid launched
Tottenham’s owners have made a new takeover decision following weeks of speculation surrounding their position in north London.
The discussion around majority owner ENIC’s appetite for a sale was triggered after it was confirmed Daniel Levy had left Tottenham earlier this month.
Levy spent 24 years as Spurs’ executive chairman before his departure on 4 September, with ENIC director Peter Charrington appointed non-executive chairman.
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.
Tottenham takeover offer eclipses Chelsea deal
ENIC was one of the first Premier League owners to explore the multi-club model more than two decades ago, but Tottenham are now its sole interest within the sport.
While it hasn’t been ruled out Spurs’ owners could be open to a minority investor coming on board, they have made it clear a full takeover is not on the agenda.
Tottenham released a statement on 7 August claiming they have “unequivocally rejected” two expressions of interest and the club is “not for sale”.
However, The Sun reported on Thursday (25 September) a US consortium led by tech entrepreneur Brooklyn Earick has launched a world record £4.5billion bid to buy Spurs.
The newspaper said Earick and his partners have offered £3.3bn to buy Tottenham from ENIC, with the proposal including £1.2bn to be set aside for Thomas Frank‘s player budget.
That offer eclipses the £4.25bn Todd Boehly and Clearlake Capital paid to buy Chelsea in May 2022.
However, Tottenham have now released a new statement responding to the approach, insisting they have once again “unequivocally rejected” an informal expression of interest from a consortium led by Earick.
“The board of the club and ENIC reconfirm that Tottenham Hotspur is not for sale and ENIC is not looking to sell its stake in the club,” the statement read.
Football Insider revealed in June Tottenham’s owners value the club at around £5bn.
Tottenham file documents confirming new investor
In terms of the other interested parties, Football Insider revealed on 5 September Amanda Staveley has been in talks about a Tottenham takeover.
However, Staveley’s company PCP International Finance released a statement on 8 August confirming it “does not intend to make an offer for Tottenham”.
Meanwhile, public filings earlier this week revealed Andrew Ashcroft has now invested in Tottenham.
Andrew, who is the son of former Conservative Party deputy chairman Lord Ashcroft, has purchased a 3.4 per cent stake in the north London giants.
Lord Ashcroft was previously known to have owned around 4 per cent of Spurs, but it is unclear whether the billionaire’s shares have now been passed down to his son or if the family has increased its stake.
Tottenham are in a strong position financially after posting a turnover of £528million in their latest published accounts for 2023-24, with their commercial revenue standing at £255m.
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