The Daniel Levy bring in agreement has all fans in disbelief.
For the first time, Daniel Levy has acknowledged that he is willing to sell Tottenham, thus putting the team up for sale.
Levy maintains that he has “no real interest to leave,” but he has indicated that he will take fresh money into consideration if it is “right for the club” and has the potential to push Spurs “to another level.”
Levy stated in a Bloomberg interview that he has previously declined offers from the Middle East, the Far East, and the United States. However, the chairman of the Spurs hinted that he would consider “serious propositions,” hinting to the potential of his over 20-year term ending.
“I have a duty to consider anything that anyone may want to propose, but I have no real interest in leaving Tottenham,” Levy stated. It’s about what’s best for the club, not about me.
30,000 of our shareholders hold about 13.5% of the company. This club is managed by us like a public company. We will take into consideration any serious proposals made to the Tottenham board by anyone, in consultation with our advisors. We would also be amenable to anything if we thought it would benefit the club.
With Levy’s admission, Spurs are essentially the most recent Premier League team to go up for sale, following the Glazers’ £4.14 billion sale of Manchester United and Chelsea’s 2022 sale. The FSG owners of Liverpool are also amenable to outside investment.
Eighty-six percent of Spurs are owned by ENIC, a company primarily held by Levy and the beneficiaries of Joe Lewis’s family trust. Levy’s declaration is probably going to put the market to the test and pique the interest of investors and purchasers.
Daniel Levy, the chairman, has said that he is willing to sell Tottenham (PA)
Daniel Levy, the chairman, has said that he is willing to sell Tottenham (PA)
Although it is unclear if Tottenham will be forced into a bidding battle, Levy is rumored to have spoken with several potential suitors in recent months. Although Spurs have consistently insisted that the club is not for sale and that its owners are totally committed, there has been a sense among prospective investors that he is amenable to a deal.
Nasser Al-Khelaifi, the president of Paris Saint-Germain from Qatar, is rumored to have met Levy in January in a London hotel to discuss the possibility of purchasing a minority share in the team, but he ultimately decided against making a deal. Spurs contest that the meeting happened.
In order to develop a strong multi-club model, Qatar Sports Investments, chaired by Al-Khelaifi, is anticipated to look for an investment in England at some point. It is known that Levy wants to continue serving as a key member of the Spurs team even in the case of a sale.
Levy responded, “Nothing has been put on our table that we felt had been in the interests of shareholders,” when asked about previous interest in Spurs. We are merely the club’s stewards. Our goal is to elevate our club to new heights.
“I believe that during the past 20 years, we have made progress. We have heavily invested in our workforce and in our capital projects. And we would consider it if someone emerged who we thought might elevate us to a new level.
Two months have passed since British billionaire Joe Lewis was charged with insider trading in the United States, according to Levy’s statement.
Levy’s longtime business associate Lewis purchased Tottenham from Alan Sugar in 2001. However, this year, Lewis stopped being “a person with significant control” at Spurs and ENIC due to what the team called a “reorganisation of the Lewis Family Trusts,” which are the owners of the club’s shares.
Attorneys for the state of New York indicted Lewis on charges of “orchestrating a brazen insider trading scheme.” Three counts of conspiracy and sixteen counts of securities fraud are the charges brought against him. Lewis entered a not guilty plea, and his attorney said that the 86-year-old’s charging was a “egregious error in judgment.”
Levy went into further detail about the buy-back clause in the Harry Kane sale agreement with Bayern Munich during his interview with Bloomberg.
