Tottenham Hotspur are being eyed for a spectacular takeover, with two consortiums planning to join forces for a deal worth billions of pounds, according to The Sun.
Spurs have had a mixed campaign on the pitch so far this season, currently sitting in 14th place in the Premier League table and having already been eliminated from the Carabao Cup and FA Cup, but they automatically qualified for the Last 16 of the Champions League after finishing fourth in the League Phase of the tournament.
The club have seen major changes behind the scenes over the last 12 months, with long-time executive chairman Daniel Levy departing the club after the summer window, while Fabio Paratici's return was short-lived as he returned to Italy with Fiorentina this month. Now, more changes are being mooted for 2026.
Billionaire Consortiums Planning Bid for Levy's Stake
It was reported back in September that an American consortium, led by former DJ Brooklyn Earick, was planning a £4.5bn buyout of the north London club following Levy's departure. However, after several meetings with Douglas Armstrong, the legal counsel of the Lewis family, a deal never materialised.
That was after a Hong Kong based consortium, led by billionaire businessman Ng Wing-Fai, had signalled their interest by making a bid for the club, which was ultimately turned down by ENI and the Lewis family.
Now, it has emerged that both consortia are planning to come together and make a play for Levy's 29.9% stake in the club. Under Takeover Panel rules, after withdrawing their separate bids, both Earick and Wing-Fai are prevented from “making a bid or taking other steps towards a takeover” for six months, which would take them to March 6th 2026.
That would not prevent the parties from coming together to buy Levy's stake, or making a play for it individually should they so wish.
It's understood that Levy, who was forced out of the club after 25 years by the Lewis family, values his shares at £1bn, which would value the club at around £3.3bn - the exact value of the previous Wing-Fai takeover bid.
Wing-Fai Wants Relegation Clause
It's understood that Wing-Fai is willing to meet Levy's asking price, however, he would like to include a 'relegation clause' in the deal, which would see the value of any agreement reduced should they be relegated to the Championship, considering they are currently 14th and nine points above the relegation zone.
Representatives of ENIC have indicated they are not aware of any potential agreement between Levy and the possible buyers. It's also unclear what their intentions are over a deal for Levy's stake, considering the Lewis family would still have control of the boardroom and club as majority owners.
Levy's relationship with the club was brought to a sour end in September, and this could be an opportunity for him to gain some revenge on the owners and walk away with a huge sum of cash in his back pocket in the process.