Spurs insist club not for sale having rejected two takeover approaches since the departure of CEO Daniel Levy.
Spurs say they have rejected two takeover approaches and club ‘not for sale’.
The Tottenham board claims that the Premier League team is “not for sale” and that it has “unequivocally rejected” two offers of purchase.
The primary owner, Enic, which is owned by the Lewis family trust, urged Daniel Levy to resign from his post as Spurs chair, which he had held since 2001. Levy resigned last Thursday.
Spurs said that PCP International Finance, the investment business run by former Newcastle shareholder Amanda Staveley, had made one of the approaches. PCP acknowledged on Monday that it had expressed interest in a possible transfer but stated that “it does not intend to make an offer for Tottenham.”
The Spurs board said in a statement that 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.”
Although Enic, which is managed by the Lewis family trust, controls over 87% of Spurs, the club is governed by the UK takeover law because the remaining shares are traded publicly. Although conversations with Qatar Sports Investments were rebuffed, former Spurs chairman Levy stated last year that the team was in contact with “prospective investors” about selling a minority share. It is believed that outside investment is welcome into the Lewis family trust.