Tottenham Hotspur Rejects Purchase Offers and Reaffirms its Position
The Tottenham Hotspur board has issued a strong statement, “unequivocally” rejecting two expressions of interest to acquire the club. Furthermore, they have insisted that the Premier League team “is not for sale”.
This statement comes after Daniel Levy’s departure from his position as chairman of the Spurs last Thursday, after being asked to leave the post he held since 2001 by ENIC, owned by the Lewis family trust.
Levy’s decision generated media speculation about possible Tottenham takeover bids. Amanda Staveley, former co-owner of Newcastle United, has been linked with a possible acquisition of the London club through PCP International Finance during the last year.
The presence of Staveley at the Tottenham Hotspur Stadium at the end of last season fueled speculation about his interest in the club.
In the statement issued on Sunday evening, Tottenham’s board confirmed having “received and unequivocally rejected preliminary expressions of interest separately in relation to proposals to acquire the entirety of the issued and to be issued share capital of ENIC from (i) PCP International Finance… and (ii) a consortium of investors led by Dr. Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited”.Tottenham Hotspur has stated that PCP International Finance, of former Newcastle United owner Amanda Staveley, has expressed interest in buying the club.The statement added: “The Club’s board and ENIC confirm that Tottenham Hotspur is not for sale and that ENIC has no intention of accepting any such offer to acquire its stake in the Club.”
It was previously reported that Staveley would issue a statement on Monday through PCP to clarify her intentions and state that she does not plan to make an offer for the Spurs.
ENIC, led by the Lewis family trust, owns almost 87% of Tottenham, but because the remaining shares are publicly traded, the club is subject to the UK Takeover Code.Daniel Levy’s nearly 25-year reign at Tottenham Hotspur came to an unexpected end on Thursday.Levy revealed last year that the club was in talks with “potential investors” to sell a minority stake, although discussions involving Qatar Sports Investments were denied.
It is understood that the Lewis family trust is open to external investment, but after inviting Levy to resign in a move designed to help Tottenham achieve “more wins, more often”, the main focus of the majority owners is to provide the necessary support to the new non-executive chairman Peter Charrington, CEO Vinai Venkatesham and coach Thomas Frank, all of whom have been appointed in 2025, to help achieve greater success on the field.
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