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Tottenham face new takeover bid from the US

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Tottenham are attracting fresh takeover interest from the US, according to the Evening Standard.

The paper reports that, after interest from investment group Cain Hoy earlier in the season, the north London outfit are set to be subject to more interest from across the pond, again with backers from one of the world's biggest finance companies.

The Standard reveals a group of businessmen based in California want to meet Spurs chairman Daniel Levy. The group has secured backing from a major private equity investor and would look to retain Levy as chairman should Joe Lewis decide to sell his stake.

Stadium problems

It is thought Levy values the club at $1billion (£628 million) and would accept £502 million but without Champions League football and the current turmoil surrounding Mauricio Pochettino and his team it seems unlikely a buyer would match that figure.

"It’s hard to ignore such prestigious backers — but we still have to see what they are prepared to offer.”

There is also the issues surrounding the club's new ground to consider. The Northumberland Development Project (NDP) will see the club build a ground overlapping the north of their current home WHite Hart Lane.

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Plenty of obstacles

Apart from funding, there is one further obstacle to overcome - Archway Steelworks. The company is the last remaining business on the land needed for the new stadium, and the Compulsory Purchase Order that Haringey council executed to force their move has gone to appeal. A decision is expected next year and adds to the delays on the stadium move.

Once that hurdle is overcome Tottenham will become a more attractive proposition, but Levy is unlikely to want to leave the club he supports with the job half completed.

According to the Standard, an insider said:  “The Americans want to keep Mr Levy on board, which appeals enormously. It’s hard to ignore such prestigious backers  — but we still have to see what they are prepared to offer.”

Consistency is key

Naturally, fans will be both excited and worried at the prospect of new owners. Although Levy and ENIC have come under pressure for their decisions, particularly in the transfer market, the club has come a long way under their ownership.

They have consistently finished in the European places, while they also have a brand new training ground. For Spurs fans, it might be better the devil you know, especially if the restrictions of Financial Fair Play is considered.

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Topics:
Tottenham Hotspur
Premier League
Football

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