Report: ‘Concrete steps’ are now being taken in Tottenham takeover bid
According to a new report from Football Insider, positive steps are being taken in the proposed takeover bid for Tottenham Hotspur by MSP Sports Capital. The approach by MSP was first reported by the Financial Times earlier this month, with a potential £3.1 billion offer apparently on the table for a complete takeover of the […]
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According to a new report from Football Insider, positive steps are being taken in the proposed takeover bid for Tottenham Hotspur by MSP Sports Capital.
The approach by MSP was first reported by the Financial Times earlier this month, with a potential £3.1 billion offer apparently on the table for a complete takeover of the club.
Marc Atkins/Mark Leech/Getty Images
MSP are led by Iranian-American businessman Jahm Nejafi, and that consortium would fund 70% of the aforementioned offer. The rest of the value is thought to be sourced from financiers in the Middle East.
It is believed Spurs chairman Daniel Levy has been in discussion with various parties regarding a range of different takeover options (Evening Standard).
However, it is not thought Levy and the ENIC group are even actively looking to sell up at the moment. It is also unknown what capacity the current would want to give up control if at all, be it a full takeover or a minority stake they negotiate.
Apparently, MSP are also exploring the possibility of acquiring a minority stake in Everton, where the current owners are keener to strike a deal.
The latest from Football Insider suggests MSP, a company that already owns a share in clubs from Portugal, Belgium, Spain and Germany, are stepping up their moves to take over an English club.
It is thought the private equity group has now begun conducting due diligence ahead of any proposed takeover.
A consultancy firm is believed to be carrying out background checks on Tottenham Hotspur Football Club, as well as “matters of financial governance at Premier League and UEFA level.”
Spurs Web Opinion
It certainly sounds like things are moving in the right direction on this takeover, as I doubt any consortium would hire consultants and carry out these kinds of checks without at least a hint of a deal being struck by the end of it all.
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