Tottenham takeover: Qatar could agree ‘amazing’ deal – Stefan Borson
Tottenham have generated significant profits in recent years despite falling behind on the pitch in the Premier League.
Spurs chairman Daniel Levy has been attempting to secure new investment in the club over the past year following their 17-year wait for a trophy.
Deloitte’s 2025 Money League revealed the north London giants’ overall revenue fell from £550million in 2022-23 to £528million last season.
It was widely reported last year Levy has been in talks to sell a minority stake in the club at a £3.75billion valuation.
The Guardian reported on 12 February Qatari investors want to take control of Spurs, but the proposed takeover could take the form of a phased buyout.
The newspaper claims Levy would be offered a management contract to run the club under one model being considered by the Middle Eastern consortium.
Finance expert Stefan Borson exclusively told Football Insider Tottenham would be an amazing acquisition for state-owned Qatar Sports Investments (QSI), which owns French side PSG.
QSI purchased the Paris-based club in 2011 and they have since gone on to claim 10 Ligue 1 titles over the past 14 years.
Tottenham takeover could be on the cards after ‘strong rumours’
Borson suggested QSI could pursue a Spurs takeover deal after there have been “strong rumours” of problems at PSG.
He told Football Insider: “I don’t really think much of the story, to be honest.
“I think we’ve got to see far more evidence of a deal even being touted. We don’t even have a name of anybody that’s said to be thinking about it.
“Remember, if you’re buying a football club for £3.75billion, this would have to be at most a 20th of your net assets. You are talking about somebody that’s got net assets maybe of the best part of £100billion.
“It might be a consortium, but they are saying in that article it’s not state-related. Which consortium has got maybe a net wealth of £100billion that they can afford to spend the best part of £4billion on Tottenham? It’s pretty unlikely.
“There are strong rumours that there are problems in France with the Qataris and PSG. If there was a fallout in France and they were looking for a new club outside of the French league, then of course Tottenham would be an amazing acquisition.
“But I think it would be via QSI as opposed to via some individuals. But again, it’s just total speculation.”
Qatar has ‘real interest’ in Tottenham takeover deal
Former Everton CEO Keith Wyness told Football Insider on 26 January the Qatari state has a “real interest” in Tottenham after talks have been ongoing between the two parties for several years.
Spurs’ hierarchy has come under fire in recent months for their lack of spending, with a group of fans holding protests against Levy and majority owners ENIC.
ENIC increased its shares in Tottenham from 86.58 per cent to 86.91 per cent following a £35million injection in December.
Levy and members of his family own a 29.88 per cent stake in the British investment company, with Joe Lewis’s family holding the remaining 70.12 per cent.
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