According to The Sun, former Newcastle United co-owner, Amanda Staveley, backed by money from the Middle East, is now stepping up a bid to buy a stake in Tottenham Hotspur.
Staveley, who brought shares in Newcastle as part of the club’s takeover in 2021, left the Tyneside club earlier this summer.
It has now emerged that the 51-year-old is putting together a fresh funding team to buy a minority stake in Tottenham. The bid is expected to be backed by some ‘serious money’ from the Middle East.
Stavely would not even be required to get rid of her Newcastle shares before investing in Tottenham as they fall below the 9.9 per cent limit for holding a stake in two different Premier League clubs.
The report explains that while the aim is to initially buy a small stake in Spurs, the group will eventually want to buy even more of the North London side.
The Sun claim that ENIC and Daniel Levy are open to selling a stake in Tottenham and could thus hold discussions with Staveley.
The publication adds that Spurs are valued at £2.42 billion by Forbes, with a 25 per cent stake thus expected to cost around £650m.
Spurs Web Opinion
A minority sale of Tottenham would be a huge boost for the Lilywhites as it would give them the capital needed to invest significantly into the first-team, which would come as a huge competitive advantage to the club in the PSR era.
The only worry some Spurs fans may have is the involvement of the Middle East and exactly where the investment is coming from – from a moral standpoint.
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