‘Tottenham well placed to agree brilliant takeover deal’ – Stefan Borson
Tottenham are well placed to agree a takeover deal as they are a “brilliant” platform for a potential new investor.
Football Insider revealed on 5 June Tottenham are edging closer to agreeing a deal to sell a stake in the club, valuing them at around £5billion.
Spurs are open to investment, with Qatari investors, ex-Newcastle United chief Amanda Staveley, and US-based MSP Sports Capital among those linked with acquiring a minority stake in recent months.
The north London club have been in talks with various consortiums for more than a year and progress is believed to have been made behind the scenes in the last few weeks.
However, finance expert Stefan Borson exclusively told Football Insider a consortium would likely be looking for more certainty of value moving forward to purchase a stake in Tottenham at a £5billion valuation.
An independent valuation by Forbes recently valued Spurs at £2.44billion, while Real Madrid are the most valuable club in the world at £4.98billion.
Tottenham’s latest accounts for 2023-24 revealed their turnover fell from £549.6million in 2022-23 to £528.2million.
Tottenham could agree takeover deal
Borson insisted Tottenham are a “brilliant” platform for an investor as several pieces are already in place.
He told Football Insider: “I think that £5billion valuation is extremely unlikely.
“That doesn’t mean Spurs can’t be sold. I think Spurs is a brilliant platform for somebody, given all of the blocks that are there. The London piece, the stadium piece, the blank slate to some extent because of this relatively low wage bill that they have.
“You don’t have the same complexity that you would have if you were to buy one of the teams that’s spending a lot more money, so it is a good platform for somebody.
“But it’s just not easy to find these buyers. If it were an individual, very few people are in a position to be able to pay billions of pounds for a football club.
“If it’s a consortium or a private-equity house, then I would suggest that they’re looking for a bit more certainty of value going forward than a football club.
“There are no guarantees anymore about Champions League football, so the whole dynamic changes because it’s just much harder to guarantee the level of base revenue in a given season compared to what it was like maybe 10 years ago.
“That’s certainly what Manchester United have found. You have seen over time United always knew for sure they were going to be in the Champions League.
“As we’ve gone through the last decade, that’s become less and less certain to the point where they’ve now missed out twice. They have had multiple seasons in the Europa League.
“If you can’t rely on that revenue stream, then that impacts value.”
Tottenham could hijack Man United’s Bryan Mbeumo deal
In terms of a potential incoming, Football Insider revealed on 13 June Tottenham could hijack Manchester United’s move to sign Bryan Mbeumo following Thomas Frank’s appointment as manager.
The Dane’s arrival has added to the belief that Spurs could secure the Brentford star’s signature despite him previously preferring a move to Old Trafford.
Tottenham could be boosted by their Champions League qualification, while United have no European football to offer the Cameroon international for next season.
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