Spurs say they have rejected two takeover approaches and club ‘not for sale’

1 week ago 3

The Tottenham board says it has “unequivocally rejected” two expressions of interest in acquiring the club and that the Premier League club is “not for sale”.

Daniel Levy stepped down from his role as Spurs chair last Thursday, after being invited to leave the position he had held since 2001 by the majority owner, Enic, which is owned by the Lewis family trust.

It led to speculation of a takeover bid for Tottenham, with the former Newcastle co-owner Amanda Staveley repeatedly linked with a move to buy the club through PCP International Finance during the past 12 months.

In a statement Tottenham’s board confirmed it had “received, and unequivocally rejected, separate preliminary expressions of interest in relation to proposals to acquire the entire issued, and to be issued, share capital of Enic from (i) PCP International Finance … and (ii) a consortium of investors led by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited”.

The statement said: “The board of the club and Enic confirm that Tottenham Hotspur is not for sale and Enic has no intention to accept any such offer to acquire its interest in the club.”

It was earlier reported that Staveley would issue a statement on Monday via PCP that would clarify her intentions and state she does not plan to put together a bid for Spurs.

Enic, which is run by the Lewis family Trust, owns almost 87% of Spurs, but due to the remaining shares being publicly traded, the club is subject to UK takeover code. Former Spurs chairman Levy said last year that the club were in talks with “prospective investors” over selling a minority share, although discussions involving Qatar Sports Investments were denied. The Lewis family trust is understood to be open to external investment.

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