‘We’re talking billions… out of nowhere’ – Tottenham takeover takes new major twist
Tottenham are undergoing a period of uncertainty after Daniel Levy departed the North London club.
News broke on Thursday night that Brooklyn Earick is planning a takeover bid of Tottenham, with a £4.5billion figure reported.
However, in the aftermath, sources close to the Lewis family have claimed that Tottenham are not for sale, having rejected a proposal.
While it seems that ENIC are taking a bold stance on the football club, it does not mean that offers are not forthcoming.
This story includes exclusive comments from football finance expert Dr Daniel Plumley.
ENIC will sell Tottenham only for the right price
When Levy left his role as Spurs executive chairman, the talk naturally went to whether a takeover would follow.
However, ENIC stated that Tottenham was not for sale, and they have now reiterated that point after talk of a takeover bid from a U.S.-based consortium.
- The U.S. consortium’s bid is said to be £4.5bn
- It includes £3.3bn to buy out the entire club from ENIC and the Lewis family
- The other £1.2bn will be set aside for what is described as player budget
Now, football finance expert Plumley – speaking exclusively to Tottenham News – has shared his thoughts on the current situation.
“Every club is ultimately for sale at the right price, and Spurs are no different, but we’re talking billions, not hundreds of millions, so it won’t go away,” he said.
“There’s still the potential of somebody coming in and taking over that club, and we’ve talked about why people would be interested in Spurs as an entity in that regard. Something has now come out of nowhere, and to reignite that again, there’ll be people interested still in buying Tottenham Hotspur.
“It’ll just be about the price and whether or not they’re prepared to front that money up.“
- Read more: Who is Brooklyn Earick? Ex-NASA employee’s mission to Tottenham begins with stunning takeover move
What will happen next in the Spurs takeover saga?
If ENIC were to accept a bid to buy Tottenham, then it appears that it would need to be worth more than the £4.5bn proposed by Earick’s consortium.
Indeed, a takeover of that sum would place the North London club as the third richest club in football, as of figures made accurate in July.
There is a key date looming in around a month, meaning that further reports about a takeover will likely snowball.
That is because interested parties need to make their intentions to buy the North London club known by 5pm on 24 October .
Tottenham cannot let the takeover talk hamper their form, with a host of key fixtures on the horizon.
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