Yet another Premier League club could soon have new owners as rumours swirl surrounding the future of Tottenham.
While Spurs continue to struggle when it comes to winning trophies, the club’s value has soared in recent years thanks to their new stadium and regular appearances in the UEFA Champions League.
Tottenham are currently owned by ENIC Group, who despite not publicly stating their interest in a sale, could well be tempted as potential buyers line up.
The Sporting News takes a look at who is interested in buying Tottenham, when a sale could take place, and how much the club would cost below. This post will be updated with latest news surrounding Tottenham ownership and a possible sale.
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Tottenham sale latest
Unlike Manchester United, Tottenham isn’t officially up for sale, with their current owners not actively pursuing any sort of financial restructure.
But everything has a price and Sky Sports recently reported that a “sky-high offer” could well see Tottenham secure new ownership.
That offer would apparently need to be considerably more than the $3 billion (£2.5b) that was paid for Chelsea.
While Tottenham is deemed more valuable than the Blues given their new stadium which opened in 2019, Forbes have claimed Spurs’ sale price has dropped to around $3.75b from a previous high of $4.5b due to reduced demand.
With popular European sides like Manchester United, Liverpool, Inter Milan, and Everton drawing interest from prospective owners, that has momentarily taken attention (and potential bidders) away from other clubs like Tottenham.
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Who will buy Tottenham?
With the cost of Spurs dropping, one party in particular has been linked with a possible bid.
The Financial Times point to Iranian American billionaire Jahm Najafi, the chairman of MSP Sports Capital, making an offer at some point in March.
A minority shareholder of the Phoenix Suns in the NBA, he is reportedly prepared to bid $3.75 billion for Tottenham.
No formal offer has yet been made, however, and Spurs have apparently not had official contact or discussions with Najafi’s group.
MSP are no stranger to sports team ownership, currently boasting ties to football clubs FC Augsburg (Germany), AD Alcorcon (Spain), GD Estoril (Portugal) and SK Beveren (Belgium).
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Who owns Tottenham?
ENIC Group are the current owners of Tottenham, boasting an ownership stake of just over 85 per cent.
The British investment company is owned primarily by Joseph Lewis, with Spurs chairman Daniel Levy and his family also boasting a minority stake.
ENIC first bought into Tottenham in 1991 and later acquired a controlling stake in 2001.
After decades at the helm, suggestions of a possible sale have increased over the past year with Levy reportedly meeting with Qatar Sports Investments chairman Nasser Al-Khelaifi at the start of 2023 as Lewis looks to sell his full stake in the club.
Officially, neither Tottenham or ENIC have confirmed any intention to sell, but where there is smoke, there is often some sort of fire.