Qatari traders are eager on buying a majority stake in Tottenham Hotspur.
Tottenham’s chairman Daniel Levy just lately confirmed that the membership are in talks with potential traders as they appear to determine themselves as one of many powerhouses within the Premier League.
The North London membership are in search of a minority funding. Whereas traders from Qatar have an interest, they are going to solely revisit the Tottenham takeover on their phrases as per a report by Soccer Insider.
Levy confirmed the truth that Spurs have been in talks with traders through a press release within the membership’s 2022-23 accounts. It acknowledged that the board and its advisors, Rothschild & Co are in talks with potential traders as they appear to herald a major funding to remodel the membership additional.
The North London membership want promoting a minority stake within the membership as their present board members are an necessary a part of their long-term challenge. 87 per cent of the membership is owned by ENIC who’re headed by Joe Lewis whereas their chairman Levy additionally owns a minority share within the firm.
Qatari traders need majority stake
Buyers from Qatar are eager on buying a stake within the membership and so they had beforehand held talks with them again in 2022. Whereas it may not have labored out again then, they’re able to revisit the prospect of a takeover however are solely trying to buy a majority stake. They haven’t any intentions of creating a minority funding. The concept is to have full management of the Premier League membership.
With Qatari traders solely keen to make a transfer on their phrases, a deal for a minority stake with US teams stays an unlikely end result at this stage.
In the meantime, Tottenham revealed a club-record income of £550 million and a record-breaking revenue of £117 million from matchdays, making them a really engaging choice for potential traders.