Tottenham has firmly declined two offers for a majority stake in the club, stating that it is not for sale

Tottenham Hotspur Football Club has made it explicitly clear that it is not for sale, following the unequivocal rejection of two expressions of interest aimed at acquiring a majority stake in the club. The majority shareholder, ENIC, reaffirmed this stance, indicating that there is no intention to entertain any offers during this period of transition after Daniel Levy’s departure from the board.

The interested parties included PCP International, a firm associated with Amanda Staveley, who is known for her previous involvement as a joint owner of Newcastle United. The other bid came from a consortium led by Dr. Roger Kennedy and Wing Fai-Ng through Firehawks Holdings Limited. In a statement, the club outlined that they deem the offers unacceptable, underscoring the commitment to maintaining control over the club’s future.

It was reported by Sky Sports News that Staveley had been engaging with various prospective investors in recent weeks concerning a potential bid for the club. However, PCP has since made it clear that it does not intend to pursue a bid any further, signaling a swift conclusion to that possible interest.

Firehawks Holdings Limited is under a deadline to clarify its intentions regarding a potential offer, with the stake in question needing to be addressed by 5 pm on October 5. According to current records, ENIC owns a substantial 86.58% of the club, while the remaining 13.42% is held by minority investors. Should any serious offer for ENIC’s stake be made, it could trigger the necessity for a mandatory offer that would aim to acquire the remaining shares not owned by ENIC, a stipulation outlined by the UK Takeover Code due to the public trading of the club’s shares.

Historically, former chairman Daniel Levy had indicated that there were discussions surrounding a minority stake sale last year, although any talks involving Qatar Sports Investments were promptly denied. The potential valuation of the club could reach as high as £4 billion if put on the market, as it remains one of the few major English football clubs that have not undergone ownership changes in the last 24 years.

In the statement released regarding Levy’s exit, Tottenham emphasized there would be “no changes to the ownership or shareholder structure,” solidifying the board’s commitment to keeping the club’s leadership stable amidst any interest it has received. The decisions made in this period will undoubtedly shape Tottenham’s immediate future as they navigate both the interest from potential investors and the ongoing operations of the club.