TOTTENHAM chairman Daniel Levy this morning revealed he is in talks with "prospective investors" about selling a stake in the club.
In a statement accompanying the club's financial results for the year ending June 30, 2023, Levy said Spurs needed new investment to reach their "long-term potential".
In September, the chairman told Bloomberg he had a duty to "consider anything anyone may want to propose", although the current talks with mystery bidders are understood to be over a minority stake in the club rather than a full sale and a change of ownership.
Levy's statement read: "To capitalise on our long-term potential, to continue to invest in the teams and undertake future capital projects, the club requires a significant increase in its equity base.
The board and its advisors, Rothschild & Co, are in discussions with prospective investors. Any recommended investment proposal would require the support of the club's shareholders." Spurs have long been rumoured to be on the market and Levy has held talks with a number of potential investors, including Paris Saint-Germain president and Qatar Sports Investments chief Nasser Al-Khelaifi, although the Qataris have since cooled their interest in buying a stake in the club.
Levy also said in September he had "no real interest" in leaving Spurs, and selling a minority stake would allow the chairman to remain in control, while potentially increasing spending power.
This story is from the April 03, 2024 edition of Evening Standard.
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This story is from the April 03, 2024 edition of Evening Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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