The owners of Tottenham are not interested in selling the club and have no intention of changing their long-term goals for the Premier League side. According to the Financial Times, the Iranian-American billionaire Jahm Najafi is assembling a team led by MSP Sports Capital to make a £3.1bn buyout proposal for the north London club. However, Tottenham has not been contacted by any of the potential buyers.
Tottenham | Premier League club not for sale and owners committed amid takeover reports
Investors value Tottenham highly due to the club’s convenient location, impressive stadium, excellent training facility, and consistent appearances in the Champions League. The team owns land in the vicinity of their stadium that they intend to renovate, and this property is attractive to investors. Even though there have been rumours of Spurs holding investor meetings to discuss their redevelopment ambitions, the club itself is not for sale.
In May of last year, an offer was much more than the £2.5bn that a consortium led by Todd Boehly made. Clearlake Capital paid for Chelsea, Spurs’ London rivals, would be necessary to convince ENIC, the group that owns Spurs, to sell. Twelve-year-old Najafi, born in Iran, emigrated to the United States in 1975. He and sports agent-turned-entrepreneur Jeff Moorad founded MSP, which has a 15% share in the Formula One team McLaren and investments in soccer teams in Portugal, Spain, Belgium, and Germany.
Najafi was seen visiting Goodison Park for Everton’s 1-0 loss to Southampton in January, and MSP has been in discussions to acquire a minority stake in the club. Tottenham Hotspur, ranked ninth in the world by income at £444m in their most recent financial statements, has the lowest salary cost among the Premier League’s “big six” at £209m. Spurs’ net transfer outlay of £424m over the past five seasons ranks fourth in the world, behind only Chelsea, Manchester United, and Arsenal, per the CIES Football Observatory.
