A report has dug into the numbers on the estimated value of the biggest clubs in world football, and they have concluded that Daniel Levy and ENIC are pricing Tottenham out of the market with the extremely high valuation they have put on the club.
Over the last 12 months, there have been plenty of rumours doing the rounds regarding a potential takeover or a minority investment in Tottenham Hotspur.
It was first reported that former Newcastle owner, Amanda Staveley, had held talks with Daniel Levy, but that now appears to have fizzled out.
Earlier this year, it was revealed that several American investors had shown interest in buying a stake in Spurs. More recently, it has been rumoured that a group of private investors from Qatar have shown interest in a full buyout of Tottenham.
However, none of these talks appear to have progressed, leaving Tottenham fans who want to see the back of the current owners very frustrated.
Tottenham’s valuation deemed too high in blow to Daniel Levy
TBR Football have now explained that Levy has made it clear in his discussions with potential investors that Tottenham are valued at £3.75bn, with any minority investment required to meet that appraisal.
The outlet then points to the latest figures from football finance industry experts Sportico, which suggests that the price is £1bn more than what is estimated to be the club’s value.
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Sportico’s figures put Tottenham as the ninth most valuable club in the world at £2.64bn, just ahead of Chelsea.
The outlet also points out that Todd Boehly took over Chelsea at £2.5bn and suggests that there might be appetite among potential investors to buy Spurs if ENIC and Levy are ready to accept that kind of figure.
Minority investment in Tottenham deemed unlikely by finance expert
The other solution to bringing some funds into the coffers would be a partial takeover, such as Sir Jim Ratcliffe’s investment in Manchester United.
However, football finance expert Kieran Maguire is sceptical about whether such an arrangement can work with Levy still at the helm of the North London club.
Maguire told TBR Football about the possibility: “Given Levy’s tight grip on operations at Spurs, that would be a relationship that would struggle to work.
“Spurs would be attractive, but there are pricing issues and control issues. Levy is the biggest asset and the biggest liability at that club in that sense.”