Qatar STILL interested in Tottenham despite £5bn takeover bid for Man Utd – but investment depends on Joe Lewis and Levy
QATAR remain interested in buying a share in Tottenham Hotspur, despite Sheikh Jassim’s Manchester United bid.
Qatari Sheikh Jassim Bin Hamad Al Thani launched a £5bn offer to buy the Red Devils from the Glazers on Friday.
The son of a former Qatari Prime Minister, Sheikh Jassim is eager to buy Man United outright.
But according to The Times, Sheikh Jassim’s pursuit does not change Qatar’s interest in buying into Spurs.
The Lilywhites have received interest from Paris Saint-Germain owners Qatar Sports Investments (QSI).
And the Qataris claim that QSI, the country’s sovereign wealth fund and Sheikh Jassim are very much separate.
This means that QSI could buy into Tottenham, even if Sheikh Jassim successfully beats off interest from the likes of Sir Jim Ratcliffe to buy United.
Should Spurs owner Joe Lewis or chairman Daniel Levy indicate a willingness to sell a minority share in the club, QSI, who are looking to begin a multi-club ownership expansion reminiscent of the City Group, could be at the front of the queue.
Although they are not the only ones showing interest in the North Londoners.
This week it was revealed that Iranian-American billionaire Jahm Najafi is readying a £3.1bn offer to buy Spurs.
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Najafi is the chair of MSP Sports Capital and is “working with a consortium of investors to structure the bid”.
Najafi’s offer will be structured so that 70 per cent of the purchase price will be put forward by MSP and the partners recruited.
The other 30 per cent will be made up by backers from the Middle East, which are allegedly mainly based in Abu Dhabi.
Spurs are attractive to investors due to their London location and the profitability of their £1bn state of the art stadium.
Tottenham are currently adamant that they are not actively for sale, although The Times add that Levy has not “quelled interest”.