Daniel Levy provides update on Tottenham’s search for minority investment
Tottenham Hotspur are looking for a cash injection and we have now heard from the horse’s mouth about the North London club’s plans.
Tottenham of interest to many investors
Over recent months, we have read many reports about various consortiums being in talks with Spurs over buying a minority stake in the North London club.
It has been suggested recently that former Newcastle co-owner Amanda Staveley, backed by ‘serious money’ from Middle Eastern investors, is now stepping up talks to invest in Tottenham (The Sun).
Earlier this year, we also heard claims that multiple US-based investment groups were interested in purchasing a stake in Spurs, including MSP Sports Capital (Daily Mail).
Levy makes admission
Speaking at the fan forum held at the Tottenham Hotspur Stadium on Monday, Levy himself has now confessed that the club have not made any secret of the fact that they are looking for a minority investment.
He explained that a cash injection would help Spurs push ahead with exciting new projects and make further investments in the first-team.
When asked if the club are open to a minority sale, the Tottenham chairman said (via The Standard): “We announced with our last results that we believe this club needs a bigger capital base because we’ve got a lot of exciting projects on the horizon and we want to make further investment in the teams.
“Some form of minority investment is what we’re looking for. We’ve got nothing to announce at the moment but we are in the market.”
Totteham’s plans an open secret
It has been a known fact for several years now that Spurs are listening to parties interested in buying a minority stake in the club.
That would be perfect for Levy as it would allow him to retain control of the club’s operations while also giving the club a big cash injection.
While some fans might be hoping for a permanent sale, that seems quite unlikely for the time being, with the club reportedly to be valued at around £2.4 billion (The Sun).
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