Tottenham to be sold for £5.5bn+ as Lewis family stance shared with Brooklyn Earick bid imminent
Brooklyn Earick has been heavily linked with a potential takeover at Tottenham in recent days.
The American businessman is showing a strong interest in buying the Lilywhites, with speculation surrounding the club changing hands in the near future refusing to go away.
Earick could make Tottenham one of the world’s richest clubs with his prospective £4.5billion investment, but ENIC and the Lewis family have been reluctant to entertain the idea of a potential sale so far.
The situation is continuing to play out amid Spurs’ opening to the new Premier League season, but events could be about to come to a head imminently.
The Lewis family will only sell Tottenham for over £5.5bn
Earick is preparing a formal bid for Tottenham, which could potentially arrive by the end of this week.
The 41-year-old has assembled a team of backers to help fund his imminent offer, and is pledging a huge investment of £1.2bn into the playing squad in N17.
The Tottenham hierarchy have swatted away any talk of a potential takeover in recent weeks, but it remains to be seen exactly how they will approach the prospect of Earick.
Ex-Spurs scout Bryan King – speaking exclusively to Tottenham News – believes that it will take a fee of at least £5.5bn in order to tempt Joe Lewis and Co. into a sale.
“The Lewis’ thinking on this will be ‘make us an offer that we can’t refuse,” King said.
“Obviously, things are in the pipeline somewhere, because I would imagine that one of the criteria would have been that anyone who wanted to buy the club would have wanted (Daniel) Levy out of the door.
“That’s obviously happened, so I would imagine that there could be some movement in the next couple of months, and Tottenham could be sold.
“But it will have to be the right price, and it will have to be a price that makes the Lewis family say ‘that’s it.’
“They aren’t going to let that club go for what is being offered at the moment. It’s got to go up to a minimum of £5.5bn, I would have thought.”
Daniel Levy would profit from Spurs sale
It’s now been almost a month since Daniel Levy departed Tottenham, but he will still have a huge interest in events in the boardroom in N17 in the coming weeks.
- Levy owns a stake of around 30% in ENIC, and therefore, in Tottenham
- His shares in Spurs are estimated to be worth around £800m-£1bn
- It has become increasingly clear that Levy was sacked by the Lewis family
The Lilywhites’ former executive chairman still owns a stake of just under 30% in ENIC, who are Spurs’ majority shareholder.
As a result, football finance expert Kieran Maguire has estimated that his shares in Tottenham could be worth around £800million, meaning he would receive a eye-watering pay day if a deal does go through.
Levy can no longer influence things at the Tottenham Hotspur Stadium, but he may be quietly hoping for a sale to go through in the background.
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