Expert reveals one key factor that could prevent a Tottenham takeover
Football Finance expert Kieran Maguire has said that Daniel Levy wants to retain control of Tottenham even if the club is sold, which is a... The post Expert reveals one key factor that could prevent a Tottenham takeover appeared first on The Spurs Web - Tottenham Hotspur Football News.
Football Finance expert Kieran Maguire has said that Daniel Levy wants to retain control of Tottenham even if the club is sold, which is a proposition that might put off some potential suitors.
Are Tottenham Hotspur up for sale?
When Tottenham released their financial results for the 2022/23 year back in April, Levy publicly admitted as part of the release that the club had spoken to potential investors.
The Daily Mail even revealed towards at end of April that multiple US-based investment groups had shown interest in buying a minority stake in the North London club.
One of those was thought to be MSP Sports Capital, with The Financial Times revealing last year that the consortium had even taken ‘formal steps’ to buy a stake in the Lilywhites.
While there is no sign of any impending takeover of Tottenham, Maguire revealed that there is still plenty of interest in the North London club but he suggested that agreeing a deal with Levy might be complicated since the Spurs chairman would want to continue in his current role.
Daniel Levy would want to stay at Tottenham
When asked if Levy and co want a partial or a complete sale, the finance expert told TBR Football: “I think everything is in play. Spurs are very attractive. I think the big issue is that ENIC have a majority stake Levy would want to continue to be chairman should a new owner come in. This is the same issue with Steve Parish at Crystal Palace. They don’t want to give up the power.
“There is certainly interest in Spurs. They are a fantastic proposition. You don’t have to spend anything on infrastructure – the stadium and training faculties are there, both of which are magnificent. They’re in London, which makes them attractive to American and Middle East investors.
“If the number is right, then you could see a majority stake being sold. But I think Levy’s ego and the fact he is a genuine Spurs fan might prove to be a stumbling block.
“That is unless you have some sort of caveated arrangement like we have at Man United, whereby someone has a minority stake but with a parallel contract that gives them a significant power.”
Spurs Web Opinion
I am not convinced that any incoming investor would be put off by the prospect of Levy continuing to steer the ship.
The Tottenham chairman has run a very smooth operation, spearheading the club’s growth off the pitch and making Spurs one of the most profitable clubs in Europe.
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