Tottenham bank £90m lump sum as new agreement emerges after takeover speculation
Tottenham are embroiled in speculation over their future, with many US and Qatari-backed consortiums interested in buying the club.
The removal of Daniel Levy as executive chairman has plunged Spurs into talks and questions regarding their ownership.
Joe Lewis, who was the majority owner of ENIC until 2022, has confirmed that Tottenham are not up for sale.
Tottenham are said to be worth £4billion due to the construction of their state-of-the-art stadium; however, as a result, they need new investments to recoup some of that money spent.
Tottenham agree £90m media rights deal
Bloomberg UK journalist David Hellier has reported on how the deal will aid Spurs in the near future.
Spurs have raised £90m through a receivables financing deal with Macquarie Group Ltd.
Tottenham agreed to give Macquarie income from future broadcasting rights for a lump sum of cash, with the Australian lender also receiving a fee and interest.
Macquarie have done this previously with other Premier League clubs, giving Nottingham Forest a £28m loan in 2023.
A recent club statement said: “The recent changes are all part of the club’s ambition to ensure that it is set up to deliver long-term sporting success.”
Significant spending in the transfer market has seen Spurs in desperate need of external investment, something which they have now achieved.
Amanda Staveley among parties interested in purchase of Tottenham
Spurs rejected two enquiries over buying the club, which prompted Lewis to say that Tottenham were not for sale.
A takeover code means that Staveley may not make another offer for six months, and after submitting a bid for Tottenham in 2024, her US-backed consortium, PCP International Finance, is incredibly serious about buying the club.
- ENIC reject two ‘expressions of interest’ from different consortia, one of which is Staveley’s
- In a club statement, ENIC reiterate that they aren’t looking to sell Tottenham
- Staveley’s PIF-backed organisation also says it won’t make an offer for Spurs, running in compliance with takeover code
With the future of Tottenham up in the air, the £90m deal struck with the Macquarie Group will help ease pressure within the hierarchy, with the Lewis family clearly fighting back against the speculation.
Sign up for the daily Tottenham News newsletter on Substack and our new WhatsApp channel to have all the latest, breaking Tottenham Hotspur news sent straight to your phone.