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In a big development from the footballing world, Tottenham Hotspur owners rejected buyout interest for the club, as per the statement from its board members, in which it was also stated that they are “not for sale”. The announcement from the Tottenham Hotspur board members came regarding the matter following the decision from their Executive Chairman Daniel Levy leaving his post last week after working with them for more than two decades.
Tottenham Hotspur revealed that one of the approaches for buyout interest came from Newcastle United shareholder Amanda Staveley’s PCP International Finance Limited, while the other one was from the Dr Roger Kennedy and Wing-Fai Ng’s consortium through Firehawk Holdings Limited, as per the report from BBC Sport. PCP International Finance Limited made a statement on the matter, stating that they had not intended to make an offer to buy the London-based club.
The board of the club and ENIC confirmed that Tottenham Hotspur is "not for sale"
ENIC Sports & Developments Holdings Limited, who hold 87% stake in Tottenham Hotspur, rejected the aforementioned preliminary expression of interest in buying the club, and said, “The Board of the Club and ENIC confirm that Tottenham Hotspur is not for sale and ENIC has no intention to accept any such offer to acquire its interest in the Club.” It is understood that UK businessman Jon Lewis and his family own a majority of ENIC, while Daniel Levy and his family have 30% of it in their name.
As per the takeover rules in the United Kingdom, the PCP International Finance Limited won’t be able to make an offer to buy them in the next six months.
Moreover, the resignation of Daniel Levy as Cxecutive Chairman of Tottenham Hotspur, which had kick-started the interest in entities to make a bid at taking over the club, happened after he was being targeted by the fans in regular protests last season. In his parting statement from the club, he had remarked, “I am incredibly proud of the work I have done together with the executive team and all our employees. We have built this club into a global heavyweight competing at the highest level.”
