Finance expert reacts to the idea of Daniel Levy quitting Tottenham
Kieran Maguire has dismissed suggestions that we could see a full sale of Tottenham Hotspur soon, insisting that Daniel Levy will want to retain control...
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Kieran Maguire has dismissed suggestions that we could see a full sale of Tottenham Hotspur soon, insisting that Daniel Levy will want to retain control of the club.
Tottenham released their financial results for the 2022/23 year a week and a half ago and as part of the announcement, Daniel Levy admitted that the club had spoken to potential investors.
The Spurs chairman revealed that they are seeking investment as the club requires ‘a significant increase in its equity base’ in order to invest in the team and undertake future capital projects.
This has led to various rumours over the last week about a potential takeover, with The Daily Mail revealing recently that QSI, who own Paris Saint-Germain, had shown interest in the past while several American investors were also circling over Spurs.
A couple of days ago, former Everton and Aston Villa CEO Keith Wyness even claimed to Football Insider that he had talked to several groups who have a genuine interest in buying Spurs.
He revealed that most of those groups preferred a full buy-out rather than purchasing a minority stake and opined that the current Tottenham owners may even be prepared to agree a full sale.
Daniel Levy wants to lead Spurs to success
However, this has now been dismissed by Maguire, who insisted that a minority sale would be preferred by Levy, who will feel that he still has some unfinished business at the club.
Maguire told Football Insider: “I don’t think Daniel Levy has finished with Spurs. He has put so much of his life and energy into the Spurs project to get the club to where it is today and to have the best stadium in the country.
“He will want to be the chairman when they lift their next major trophy, so an investment or takeover would depend upon his position.
“You can see the benefits of Spurs doing similar to what we’ve seen at Liverpool when FSG sold 10 per cent of the club for £300million. Man United did similar with the Glazers selling to Ratcliffe for £1.2billion.”
Spurs Web Opinion
While Levy and ENIC have long maintained that they will listen to offers for a full takeover, the reality is that Spurs are going to be priced quite highly, given the infrastructure that is now in place.
Not too many investors around the world would be able to pay £5 billion for the club, which is why a minority takeover is far more likely over the short term.
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