Football finance expert Stefan Borson is convinced that Daniel Levy has been working on securing investment into the club for a long time and has reacted to reports of the club agreeing a minority sale that gives Tottenham a valuation of £5 billion.
Many Tottenham fans want to see the back of Daniel Levy and ENIC, as evidenced by the spate of protests we saw last season.
Some view the lack of investment into the club during their tenure as something that is holding Spurs back, and it is hard to argue with that, given that ENIC have only invested £122m into Tottenham since 2001.
It has been rumoured over recent months that a group of private investors from Qatar have shown interest in a takeover of Spurs, but much to the consternation of the Tottenham supporters, nothing has materialised so far.
Stefan Borson reacts to Tottenham’s £5 billion valuation
It was reported earlier this month that Spurs were in talks over selling a minority stake in a deal which values the whole club at £5 billion.
Stefan Borson has now confirmed that Daniel Levy has been on the lookout for investment into the club over the past two years but insisted that there is no chance that any potential investor would see eye-to-eye with him on the £5 billion figure.
Borson told Football Insider: “If they were to get a deal done at £5 billion, it would establish it at the very pinnacle of football evaluations. I think it’s highly unlikely. It’s kind of just about believable if it were for the entire thing in that it got control, but for a minority stake, then it’s even more unlikely. I don’t believe the £5 billion.
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“We know that they’ve been looking for a long time for external investment or a sale. That’s been touted for literally years and admitted as much by Spurs. If you had to look at not their last report on their accounts, but the one before, they specifically said that they were in the process to try and find an investor or third-party buyer.
“It’s no secret that they’ve been looking, but it’s been a long time that they’ve been looking and that does suggest that their expectation of value doesn’t match where the market is. “I don’t see that the signs are there for increased valuations above and beyond the sort of multiples that Chelsea got when that was sold.”
Are ENIC about to change their approach this summer?
Over recent weeks, some outlets have claimed that the ENIC Group are taking ‘a greater interest’ in Tottenham Hotspur’s operations.
The Telegraph even predicted earlier this month that Tottenham’s owners are ready to pump significant funds into the club this summer after they meet with Levy.
That will come as a welcome change, with Thomas Frank needing significant help in the transfer window if the Lilywhites are to challenge the big-hitters in the Premier League.