Tottenham could yet be taken over in the coming weeks as the saga surrounding their ownership continues.
Daniel Levy’s departure has thrown the future up in the air in N17, as it has resulted in heavy speculation that the Lewis family could be trying to sell the Lilywhites.
ENIC are adamant that Tottenham are not for sale, but that has done little to stop some of the discussions that have taken place in recent days.
Former Newcastle United investor Amanda Staveley has shown an interest in doing a deal to take over the North Londoners, and the saga looks to be far from over.
Amanda Staveley faces three-month wait to takeover at Tottenham
ENIC could earn around £4billion from a sale of Tottenham, but they have already rejected an expression of interest from Staveley and her PCP International group.
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The Lilywhites’ ownership issued a statement on Sunday evening which acknowledged the initial approaches that they had received regarding a potential takeover, but also made it clear that the club is not for sale.
However, football finance expert Kieran Maguire believes that the reality is that Spurs are still on the market.
Speaking on the latest episode of his The Price of Football podcast, he also revealed that Staveley now faces a waiting period of three months before she can act, as a result of the statement from Spurs’ board.
“Spurs put out a very strongly worded statement to say ‘if anybody’s interested in buying Spurs, forget it, we’re not for sale,” Maguire said.
“There’s no such thing as not for sale in business. If the money is right, then there’s always a deal.
“Staveley has been interested, and there’s been another consortium from the United States that’s been interested.
“Spurs put out that statement because they are what we refer to as a quoted company, a company that has its shares traded. That effectively means that Staveley and the other investors can’t do anything now for at least three months.
“But that’s nothing to stop somebody else from coming in.”
Thomas Frank need takeover saga to be addressed quickly
Thomas Frank’s Spurs side have made a bright start to the new season on the pitch, but it will do them no favours if the business aspect of the club remains in uncertainty in the coming months.
Such a major issue could easily impact the footballing side of the North London outfit, as the futures of players will be among many issues likely to take a back seat until the talk of a takeover is over.
Levy’s exit was always likely to bring this kind of impact, given how long he has spent at the top of the club, but it couldn’t have come at a worse time for Frank, who is still just a matter of months into his role.
With that in mind, the situation needs to be addressed once and for all, to quash any further talk of a potential change of ownership.