‘Much closer’ – Former PL club CEO thinks Spurs takeover could be just around the corner
Former Everton and Aston Villa CEO Keith Wyness has revealed that he has been involved in discussions with groups who are interested in buying a...
The post ‘Much closer’ – Former PL club CEO thinks Spurs takeover could be just around the corner appeared first on The Spurs Web - Tottenham Hotspur Football News.
Former Everton and Aston Villa CEO Keith Wyness has revealed that he has been involved in discussions with groups who are interested in buying a stake in Tottenham and suggested that we might see big news on that front this summer.
Tottenham released their financial results for the 2022/23 year last week and as part of the release, Daniel Levy publicly admitted what many had suspected for a long time, revealing that the club had spoken to potential investors.
Spurs posted a loss of £86.8m during the last financial year and the Tottenham chairman confessed that they are seeking investment as the club requires ‘a significant increase in its equity base’ in order to put further money into the team and undertake future capital projects.
While the North London club did not divulge who they had spoken to, The Daily Mail revealed last week that QSI, who own Paris Saint-Germain, had shown interest in the past while several American investors were also circling over Spurs.
Tottenham investment could be just around the corner
Wyness revealed that most interested groups prefer a majority takeover and suggested that ENIC might be willing to authorise a full sale sooner rather than later.
He told Football Insider: “I’ve been involved in discussions with several groups who have a genuine interest in trying to get minority ownership at Spurs.
“But most groups want a view to buying a majority stake in the club. Some of the biggest names in the world of finance have been involved in the discussions.
“Rothschilds are the advisors for Spurs, and they’ve had a share on the market for years now – but no one has quite been able to find an agreement yet. The problems which Joe Lewis, the main owner [former main owner], has had may lead him to be a bit keener to find a solution.
“I’m sensing something big is coming up in the summer – when this deal for a minority stake could get much closer. I think Joe Lewis may have lost a bit of motivation and appetite, and even Levy is looking towards the future now.
“They’re doing so after showing such great numbers. There’s a big vision to redevelop assets in a great area, so if there’s someone there to work with them – it would be great.”
Spurs Web Opinion
Tottenham would certainly be extremely lucrative for many potential investors but for a full takeover, we are talking about a deal worth several billion pounds. The idea that such a deal can be completed in a matter of months seems quite far-fetched. It is also worth mentioning that Joe Lewis is no longer the owner of Tottenham Hotspur.
The post ‘Much closer’ – Former PL club CEO thinks Spurs takeover could be just around the corner appeared first on The Spurs Web - Tottenham Hotspur Football News.