Speaking on The View From the Lane Podcast, Jack Pitt-Brooke has been chatting about Tottenham Hotspur’s ownership situation.
The Athletic published a piece last week looking into Spurs’ ownership structure and any potential changes, and now, Pitt-Brooke has gone a bit more in-depth on that topic.
The journalist claims that Spurs aren’t actively looking for a buyer, but he states that the club could be bought for £3bn.
He also says that conversations about potential investment have happened, but, from what Pitt-Brooke can gather, even if Spurs are bought out, Daniel Levy will still be at the club for the foreseeable future.
What’s been said?
Pitt-Brooke shared what he knows about Spurs’ ownership.
“They’re not for sale in the sense that you can’t find them on Zoopla or at an estate agents, but there are conversations happening, and this is what the piece was about. There is a lot of interest in Tottenham. Whether that’s from people who want to buy a stake in Tottenham or the whole thing. If they want to buy the whole thing the price is £3bn, “ Pitt-Broke said.
“There is a lot of interest there, there have been a lot of discussions over the years. The closest deal recently was from Todd Boehly, the American sports investor, he got close in 2019 for about £2.3bn. The question is, what is likely to happen?
“Frankly I think an outright sale at £3bn is unlikely, but I think a sale of a stake in the club, in a way we’ve seen from other Premier League clubs, my sense is that if Tottenham were to sell 10% at £300m, Daniel Levy would continue to run the club as he is right now, and frankly I can’t envisage any scenario where Levy sells up and goes skiing.
“I just don’t think that’s on the cards at all. It’s far likelier that he sells a bit of the club and continues to run it as he has for the last 20 years. Or, and I know this has come up in conversations with potential investors, they sell the whole thing and he stays on as CEO for the next five years.
“I don’t think Daniel Levy is going anywhere, but that doesn’t mean there won’t be any changes to the club’s ownership.”
No big changes
While ENIC could sell a stake of the club in the near future, it seems as though there aren’t massive changes on the horizon.
To be honest, we can understand why.
Daniel Levy has worked incredibly hard on this project in recent years, and with Spurs only just moving into their new stadium, why would he give up now?
The Premier League is only becoming richer and richer, and who’s to say that Tottenham won’t be even more valuable in five or ten years’ time?
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