Tottenham takeover: Levy and Lewis could accept £2bn offer after latest from behind the scenes
Tottenham could fetch as much as £2billion if ENIC find a buyer for a full takeover.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the owners’ long-term business strategy at Spurs.
A source reportedly told The Athletic last Friday (4 February) that “Spurs are 100 per cent for sale”.
But it is understood that club dignitaries are in no rush to find a buyer and aspirations of a full sale are unlikely to be realised any time soon.
ENIC top brass Joe Lewis and Daniel Levy first bought into the club in 2000.
Plumley insists that the pair would see a gargantuan return on their original investment if they find a buyer with sufficiently deep pockets.
“It’s a tricky one,” the Sheffield Hallam University expert told Football Insider‘s Adam Williams.
“In terms of peak value, Spurs are as high as they’ve ever been, especially with the move to the new stadium.
“Most valuations would have the club at around £1.5bn to £2bn. If you look at what they paid for the club, it was just £22million back in the early 2000s.
“The club was valued at £80m at that point, so you can see that huge jump to £2bn at the top end.
“There is a lot of debt linked to the stadium. But look at the NFL contract and the fact that it’s a multi-use stadium.
“There is a lot of revenue potential there and that is a big pull to any investor.
“The sticking point at the moment for an investor is Champions League football. That adds a few zeroes because of the money and exposure.“
Tottenham’s stadium debt currently stands at approximately £706m.
They are expected to release a fresh set of accounts in the next few weeks.
In other news, pundit suggests Antonio Conte secretly unhappy at Tottenham after Rodrigo Bentancur and Dejan Kulusevski claims.