Tottenham: Premier League club not for sale and owners remain committed despite takeover reports |  Soccer News

Tottenham usually are not on the market and their house owners are absolutely dedicated to their long-term plans for the Premier League membership.

Iranian-American billionaire Jahm Najafi is reported by the FinancialTimes to place collectively a consortium led by MSP Sports activities Capital to make a £3.1bn takeover bid for the North London membership.

Nonetheless, there was no method from Tottenham and no contact with the proposed bidders.

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Tottenham are a priceless asset to traders resulting from their location, stadium, coaching floor and common Champions League qualification.

The membership additionally has land round its stadium which it plans to redevelop and which is of curiosity to potential traders.

Spurs are believed to be talking to traders about their redevelopment plans, however the membership usually are not available on the market.

Solely an exorbitant provide would entice Spurs’ proudly owning group ENIC to promote and that’s anticipated to be significantly greater than the £2.5billion the Todd Boehly-led consortium and Clearlake Capital paid for London rivals Chelsea in Might of Final yr.

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Najafi was born in Iran and moved to america in 1975 when he was 12 years previous.

He arrange MSP with former sports activities agent Jeff Moorad and the corporate owns a 15% stake in Components 1 group McLaren and has pursuits in soccer golf equipment in Portugal, Spain, Belgium and Germany.

MSP has additionally been in talks to purchase a minority stake in Everton and Najafi was pictured at Goodison Park through the Toffees’ defeat at Southampton in January.

Tottenham’s earnings of £444m reported of their newest accounts is the ninth highest in world soccer, based on the Deloitte Cash League, whereas the membership’s wage invoice of £209m is the bottom in ” large six” of the Premier League.

In line with the CIES Soccer Observatory, Spurs’ web switch spend of £424m over the previous 5 seasons is the fourth highest on the earth, behind Chelsea, Manchester United and Arsenal.

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By moh

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