‘Tottenham whispers about part-takeover intensify’ after source’s extraordinary reveal
Daniel Levy has long been searching for new investment at Tottenham and that quest is expected to continue despite the club’s first trophy for 17 years.
Football Insider revealed last week (5 June) that Tottenham are edging closer to selling a stake in the club that values them at an extraordinary £5billion.
Spurs are open to investment – with Qatari investors, ex-Newcastle chief Amanda Staveley and US-based MSP Sports Capital among those linked with a part-takeover.
One sticking point is the valuation of majority owner ENIC, which is believed to have now leapfrogged to £5billion – double the figure mooted by Forbes.
Everton‘s former chief Keith Wyness – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – has shed light on why a £5billion valuation could be possible.
‘Tottenham are a cash machine’, says Wyness
Speaking on the new edition of Football Insider’s Inside Track podcast, Wyness insisted Tottenham are a “cash machine” – citing events like the hosting of NFL games and Beyonce concerts at the club’s stadium.
According to Forbes, Man United are the most valuable English football club – with a valuation of £5.2billion.
However, Wyness conceded Spurs have an “attractive asset” in their recently-built, 62,850-seat stadium and could topple United.
| Ranking | Stadium | Capacity |
| 1 | Old Trafford (Man United) | 74,197 |
| 2 | Tottenham Hotspur Stadium (Tottenham) | 62,850 |
| 3 | London Stadium (West Ham) | 62,500 |
| 4 | Anfield (Liverpool) | 61,276 |
| 5 | Emirates Stadium (Arsenal) | 60,704 |
| 6 | Etihad Stadium (Man City) | 52,900 |
| 7 | Hill Dickinson Stadium – when open (Everton) | 52,888 |
He told Football Insider‘s Inside Track podcast: “That valuation does seem high.
“There have been rumours all around the place about Spurs selling a stake.
“At £5billion, that would be high – and even above Man United’s valuation.
“The issue is that you’ve got about four ways to value clubs. There’s no real way that everyone will look at as the correct way.
“In the end, it comes down to what a buyer will pay for the club.
“The stadium is obviously an attractive asset, and there may be other property around it to look at.
“The NFL situation, the Beyonce concerts – it’s a valuable machine. It’s a cash machine, as well as a football club.
“That would explain why a valuation of £5billion could be possible.”
Tottenham could accept ‘very lucrative’ Son bid
Meanwhile, Football Insider has revealed (10 June) that Tottenham could go over Thomas Frank’s head and accept a “very lucrative” bid for Heung-min Son.
The forward, 33 next month, is once again a target for Saudi Pro League clubs.
Sources say an executive decision could be taken by the club, not prospective new manager Frank, if a lucrative offer arrives for the South Korea icon.
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