Spurs refute takeover talks with Cain Hoy

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Tottenham Hotspur have released a statement denying that they are in takeover talks with American company Cain Hoy.

Spurs have denied that they are in talks with Cain Hoy regarding the potential takeover of the club in a club statement this afternoon.

Reports had emerged that Cain Hoy had made a preliminary approach to Tottenham Hotspur to buy the club on behalf of a group of American businessman, but Spurs deny that any discussions have taken place.

"THFC has been in discussions with multiple providers of finance... and has met representatives of Cain Hoy. However, there are no ongoing discussions with Cain Hoy," a club statement read.

Spurs felt the need to dismiss talks over a potential takeover after Cain Hoy released a statement of their own regarding the potential takeover.

A Cain Hoy statement said: “Cain Hoy Enterprises, LLC ("Cain Hoy") notes the recent speculation in relation to a potential approach to Tottenham Hotspur Limited ("Tottenham Hotspur").

"Cain Hoy confirms that it is at the preliminary stages of assessing a cash offer for Tottenham Hotspur. Cain Hoy's considerations are at an early stage, and there can be no certainty that any offer will ultimately be made or at what price any offer might be made."

Reports earlier this week suggested that Spurs' current owner Joe Lewis would be willing to sell the club if he received an offer of around £1 billion, but Cain Hoy are hoping that they can get a better deal if they negotiate with club chairman Daniel Levy.

Lewis bought the club for £22 million from Alan Sugar in 2001 and his estimated value of £1 billion would see any new owner inherit the new stadium.

Spurs confirm that they are looking for providers of finance to help with the new stadium project, but are not in any takeover talks at this stage.

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