An update has emerged regarding Sheikh Jassim bin Hamad Al Thani’s plans to invest in the Premier League, and it is not good news for Tottenham Hotspur fans who were hoping he would take the club out of the hands of Daniel Levy and ENIC.
Spurs are currently seeking minority investment, with the North London club thought to be ready to sell around 25 per cent stake in the club.
According to reports, Newcastle’s former minority owner Amanda Staveley has held talks with Daniel Levy, while the likes of Liberty Media and MSP Sports Capital have also shown interest in the North London side.
Meanwhile, some other sources over recent weeks have discussed the possibility of Sheikh Jassim bin Hamad Al Thani, a Qatari banker who failed with an attempted takeover of Man Utd, showing interest in Spurs.
The Daily Mail have now claimed that Sheikh Jassim will not rush to buy another Premier League club after failing in his attempt to complete the takeover of the Red Devils.
The Qatari businessman tried to complete a full buy-out of the Manchester club from the Glazers last year, but he failed as the Glazers chose to sell a minority stake in the club to Sir Jim Ratcliffe instead.
This setback has reportedly led to Sheikh Jassim reconsidering his idea of investing in the Premier League. It is asserted that the 46-year-old instead plans on waiting and seeing if an opportunity to invest in Man Utd reopens in the future.
One source with knowledge of the situation is quoted in the outlet as saying about Sheikh Jassim: “He is still a United fan. He is not going to rush off and try another Premier League club.
“If the opportunity to buy the whole of Manchester United arose again at some point in the future it is hard to see there not being a big level of interest. The plans are still there.”
The fans who are hoping that some billionaire would make a big offer and take Tottenham off the hands of Levy and ENIC are likely to end up disappointed.
At this point, there is no incentive for Tottenham’s current owners to sell the entirety of the club (unless they receive a mammoth offer in the £4 billion to £5 billion mark) as Spurs’ value is continuing to rise.
The most likely scenario is a minority takeover of around 10 to 25 per cent of the club, with Levy likely to continue calling the shots.
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