Joe Lewis would have pocketed well in excess of £1.6billion for Tottenham had ESL plans gone through – but the club’s value will now flatline.

That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively about the ramifications of Spurs’ failed attempt to join the breakaway competition.

This site revealed last Friday that Lewis is actively seeking a buyer for the club and that process is likely to accelerate amid the Super League furore.

A 50 per cent buyer was found at the end of last year in a deal that valued the club at £1.6bn, though talks ultimately collapsed.

Maguire explains that the club is unlikely to increase in value unless European competition is reformed.

He told Football Insider correspondent Adam Williams: “This is part of the reasons that the owners have been so keen to hold on to the club.

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“Had the franchise league gone through, the value of the club would have increased significantly. They would therefore be able to sell at a much higher price.

“Now that the project is not moving forward, it means that the present market price is what they can really expect to get for the club for a while.

“That is unless some radical change occurs in the game.

“It has made the sale of these clubs more likely because the potential increase in price has not materialised.”

The ENIC group, fronted by Lewis and chairman Daniel Levy, have had a controlling stake in Spurs since 2001.

Levy blocked the 50 per cent sale at the end of last year as he was unwilling to relinquish any control at the club. 

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