The Financial Times report that Jahm Najafi, a billionaire based in America, is set to launch a $3.75 billion (£3.1bn) takeover bid for Tottenham Hotspur.
This news comes after recent reports linking Spurs with a minority investment from Qatar Sports Investments, which would have seen the Gulf state buy a stake in the club. However, it now appears that a full takeover could be on the horizon.
Interestingly, this report does state that 30% of this takeover bid would be backed by backers from the middle-east, mainly Abu Dhabi.
ENIC has been in control of Tottenham for over 20 years, and while the idea of them selling the club has been discussed before. They have rejected offers in the past. Last year, they turned down a £3 billion bid from LAMF, which suggests that they are not in a rush to sell.
Selling Spurs at this point would make sense. After all, Daniel Levy and Joe Lewis have now overseen the move into the new stadium, and their new state of the art facilities have increased the value of the club massively.
The proposed takeover by Najafi, could bring significant changes to the club. It remains to be seen what his plans for Spurs are, but he is known to be a fan of sports and has owned a stake in the Phoenix Suns for a number of years.
Najafi has his fingers in many pies in business. He owns Sure deodorant as well as a number of entertainment companies.
Tottenham have been experiencing a challenging season in the Premier League, which has led to some fans calling for changes at the club. Anti-ENIC chants and banners have been seen at a number of recent games.
It is worth noting that Manchester United and Liverpool are also currently up for sale, so it is an exciting time for any mega-rich businessmen looking to invest in English football.
Only time will tell what will happen with Spurs, but if the reports are true, it could be an exciting new chapter for the club.
Takeovers aren’t something that happen overnight, so keep an eye out for more developments on this story in the coming months.
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