Alasdair Gold reveals what Spurs have said about reported takeover bid
Alasdair Gold has revealed that Tottenham have shut down suggestions that they recently received a mammoth offer to buy the club. Tottenham are now thought to be more for sale than they have ever been, with ENIC and Daniel Levy valuing the club at £3 billion – £2.3 billion for the shares, plus £700 million […]
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Alasdair Gold has revealed that Tottenham have shut down suggestions that they recently received a mammoth offer to buy the club.
Tottenham are now thought to be more for sale than they have ever been, with ENIC and Daniel Levy valuing the club at £3 billion – £2.3 billion for the shares, plus £700 million of debt (The Athletic).
The Daily Record reported last week that AMF Global Ventures, a Los Angeles-based SPAC company, were willing to meet the £3 billion valuation.
However, it was explained that the proposal was rebuffed by Levy since the takeover would have entailed the club relisting on a stock exchange for the first time since 2012.
Gold has now opined that Tottenham denying any takeover bids does not mean that no such offer was made.
However, the journalist suggested that now might not be the ideal time for the Spurs ownership to look to cash in on the club since football is just recovering from the economic impact of the global pandemic.
When asked about the reported takeover bid on a Q&A on Football.London, Gold responded: “Tottenham have been quick to shoot down the recent reports of a rejected bid but it’s one of those situations where they would likely do that whether it’s true or not.
“Personally, while some Spurs fans have vocal in their desire to see a change at the top, I’m not sure the time is right from a business perspective for that to happen.
“The game is just coming out of the pandemic, the club is yet to tie up the naming right deal for the stadium and there are various developments still to be undertaken and completed in and around the stadium and training ground.
“From a business point of view, it doesn’t seem to be the right time for ENIC to get the maximum price they could for the club.
“Daniel Levy has always made it clear the club is not for sale and the suggestions are that it would take a huge offer to sell a Premier League club that, while it is in a rut right now, has the infrastructure – particularly with the stadium and its global appeal including future NFL plans – to become a big player in the game.”
Spurs Web Opinion
Tottenham’s owners are clearly very unpopular among large swaths of the fan base and so it is understandable why some fans want a takeover to go through as soon as possible.
However, it is also important that Spurs find the right kind of buyers as we have seen a few Premier League clubs being run quite poorly and used as a cash cow by American owners.
I suspect that Levy will want to stay on as chairman for a little while even in the event of the takeover to ensure that the transition is smooth.
While that might not want many Spurs fans want, I believe that it would be beneficial for the long-term health of the club.
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