Daniel Levy will be thrilled as £2.5bn+ Tottenham takeover update emerges
Daniel Levy will be thrilled after a Tottenham takeover update has emerged following his search for more investment.
The Spurs chairman revealed that the club are in talks with potential new investors when the latest accounts were published on 3 April.
Speaking on The Price of Football podcast on Thursday (11 April), Kieran Maguire suggested the investment could involve Levy or the ENIC Group, which is owned by the family trust of former Tottenham owner Joe Lewis, selling some of their shares to a new investor.
The football finance expert added that an alternative option could be for Tottenham Hotspur Limited to issue new shares, meaning the money could go back into the club if a sale were to take place.
“One other thing to pick up from the Spurs accounts is that, in the annual report, Spurs did say ‘we are looking for further investment’,” said Maguire. “Now, what form does that investment take? Could it involve Daniel Levy or the trust, which was connected with former owner called Joe Lewis?
“Could it involve those parties selling some of their shares to a new investor, in which case they pocket the money?
“Or alternatively, could it involve Tottenham Hotspur Limited issuing new shares, in which case the money goes into the bank account of the club? We don’t know that.”
It will be interesting to see what approach the club decides to take on the matter and whether or not ENIC decides to relinquish some of its control.
Levy currently holds a 29.9 per cent stake in ENIC and Spurs were left under his watch once former owner Lewis took a step back in October 2022.
Given that the chairman is known for being a shrewd businessman, he will undoubtedly be looking to get the best possible deal for the Lilywhites.
That could potentially mean new shares are issued as a way to improve the club’s coffers even further, allowing for improvements to continue being made on and off the pitch.
How much would a Tottenham takeover be worth?
The big question is, how much are Tottenham worth and what percentage would be on offer to new investors?
Maguire revealed that he currently values the club at between £2.5billion and £3billion, meaning a 10 per cent stake could be worth up to £300million.
That is an awful lot of money for someone to spend on a Premier League club, but Spurs are no doubt an attractive proposition for any interested parties.
The club are continuing to rake in a huge amount of cash for the work they are doing off the field after generating revenue of £549.2million last season, making them the eighth-richest club in the world [Evening Standard].
They earn more than £105million per year in match-day income and have also benefited from hosting music concerts, NFL and rugby matches at the Tottenham Hotspur Stadium.
Those figures are precisely what investors like to see and it’s why there is likely to be increased interest in the club over the coming months.
In other Tottenham news, Daniel Levy will be breathing a sigh of relief after a PSR development has emerged.
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