Report: Qatari group could still bid for Tottenham despite Man Utd development
The Times have revealed that Qatar Sports Investments (QSI) could still push ahead with a takeover bid for Tottenham Hotspur despite Sheikh Jassim Bin Hamad Al Thani’s latest offer to buy Manchester United. Over the last week, it has emerged that Iranian-American billionaire, Jahm Najafi, is working with a consortium to ready a £3.1 billion […]
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The Times have revealed that Qatar Sports Investments (QSI) could still push ahead with a takeover bid for Tottenham Hotspur despite Sheikh Jassim Bin Hamad Al Thani’s latest offer to buy Manchester United.
Over the last week, it has emerged that Iranian-American billionaire, Jahm Najafi, is working with a consortium to ready a £3.1 billion bid to takeover Tottenham but reports indicate that such an offer will fall short of Joe Lewis’ valuation of Spurs, which stands at £4bn-£4.5bn (Daily Mail).
Marc Atkins/Mark Leech/Getty Images
It was previously reported last month QSI, who own Paris Saint-Germain, had expressed interest in buying a minority stake in the North London club (The Athletic).
Over recent days, there has also been Qatari interest in Manchester United, with the country’s former Crown Prince, Jassim bin Hamad bin Khalifa Al Thani, thought to have launched a £4bn offer for the Red Devils (Daily Mail).
The Times have now revealed that even if Sheikh Jassim’s bid to takeover United is successful, it will not affect QSI’s interest in Tottenham.
The report states that sources close to the Qataris are adamant that there is a clear division between QSI, Sheikh Jassim and the country’s sovereign wealth fund.
The publication explains that the Doha-based group are keen to add a Premier League club to their portfolio, and that Spurs are particularly attractive to them because of their profitability and the earning power of the club’s stadium.
Spurs Web Opinion
It is clear that both QSI’s funds and Sheikh Jassim’s are Qatari state funds in all but name. The day Tottenham become a vehicle for sports washing is the day that my love affair with the club will end.
I belong to the minority of fans who believe that the values of the club are more important than simply winning trophies.
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