2025-09-08 14:01:38
Tottenham have reportedly turned down two takeover bids following the shock exit of Daniel Levy as executive chairman, including one from former Newcastle director Amanda Staveley.
Levy has stepped down after 25 years at the club, fuelling speculation over a possible change of ownership.
ENIC Sports and Developments Holdings Ltd, which owns 87 percent of Tottenham, has insisted the club is not for sale.
In a statement, the board confirmed that separate approaches from Staveley and a consortium led by Dr Roger Kennedy and Wing-Fai Ng had been “unequivocally rejected”.
The club said: “The Board of Tottenham Hotspur Limited is aware of recent media speculation and confirms that its majority shareholder, Enic Sports and Developments Holdings Ltd, has received, and unequivocally rejected, separate preliminary expressions of interest in relation to proposals to acquire the entire issued, and to be issued, share capital of Enic from (i) PCP International Finance Limited and (ii) a consortium of investors led by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited (the consortium).”
It added: “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.”
According to The Times, UK takeover rules require Staveley’s company PCP International Finance Limited to clarify by Monday whether it intends to make a formal offer.
Staveley helped broker Manchester City’s sale to Sheikh Mansour in 2008 and was central to the £305 million Saudi-backed takeover of Newcastle United in 2021.
She and her husband Mehrdad Ghodoussi initially held a 6 percent stake in Newcastle alongside the Public Investment Fund and the Reuben family before departing last summer, which Staveley later described as “painful”.
ENIC, once controlled by billionaire Joe Lewis, is now run by his children Vivienne and Charles Lewis. They oversaw the arrival of former Arsenal executive Vinai Venkatesham as Tottenham’s CEO earlier this year before Levy’s departure.
The structure, with Lewis family members and Levy’s son Joshua in senior roles at Tavistock Group, has drawn comparisons to the TV drama Succession.
Rather than sell, ENIC is considering investing further funds.
Deloitte valued Tottenham as the ninth-richest club in the world in January, reporting revenues of £520 million for 2023–’24.
The club is now estimated to be worth £4 billion, boosted by the £1.2 billion stadium project completed under Levy’s leadership.
Levy’s tenure produced only two trophies – the League Cup in 2008 and 1999 – but made Tottenham the most profitable Premier League club, earning £167 million overall.
His reputation as a hard negotiator was praised in financial circles but often criticised by supporters frustrated by the lack of on-pitch success.
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