The Times have revealed that Tottenham Hotspur’s owners are now in talks to sell a minority stake in the club, but Amanda Stavely is keeping her lips sealed over whether she could invest (Athletic).
The Times report says that Daniel Levy and Tottenham’s top brass value Spurs at around £3.75 billion, including the debt incurred.
According to various sources, the Lilywhites are now looking to push through a minority sale, potentially even as little as 10 per cent, with the club reportedly being advised by bankers from Rothschild on the sale.
It is explained that Tottenham are doing this to raise fresh capital for new signings and to help the development of their women’s team, among other investments.
The financier Amanda Staveley, who brokered the deal for Saudi Arabia’s Public Investment Fund to take over Newcastle United, is said to have expressed an interest in Spurs while the club is also expected to attract interest from American investors.
The Times report points out that Tottenham’s 62,850-capacity stadium has greatly enhanced the club’s attractiveness to potential investors.
However, when directly asked about the links with Spurs this week, Staveley chose to keep her cards close to her chest. She did admit the possibility of investing in or purchasing a new club though.
When asked what she could say about the Spurs links, Stavely told The Athletic: “Not much, I’m afraid. My preference would have been to stay with Newcastle, but life doesn’t always work out exactly how you want it to,” she replied when asked on talks with Rothschild & Co.
“Nothing is going to replicate that. I fell in love with Newcastle, the club and the people and that can’t change, but I didn’t want to get in Newcastle’s way. It’s got to be about what’s best for Newcastle.
“Mehrdad and I are keen to be hands-on. We’re hard-working people, I love to be very busy and to engage and I love football. Very sadly, we have to move on to other projects and that might involve us taking a stake in another club or buying another club and that’s difficult. But it’s possible.”
Spurs Web Opinion
We have known for a while that Levy has been speaking to potential investors regarding a minority sale of the club.
The Spurs chairman might have identified that as the best way to have a major competitive advantage over their rivals in this PSR era.
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