Why ENIC could agree Tottenham takeover for more than £4bn after new developments
Tottenham are now looking ahead to a new era after confirmation that Daniel Levy has vacated his position as executive chairman.
After the 63-year-old’s departure, the talk quickly shifted to whether ENIC could sell their majority stake in Spurs.
While Amanda Stavely is reportedly interested in Tottenham, she is not allowed to bid for another six months under the takeover code after another failed approach.
Although there has been talk of a £4billion valuation to purchase the North London club, they could go for even higher.
This story includes exclusive comments from football finance expert Dr Daniel Plumley.
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Tottenham have significant appeal to interested parties
With Levy out of the way, Joe Lewis will be striving to bring more honours to Tottenham after their Europa League triumph.
After talk of the North London club being valued at £4bn, football finance expert Dan Plumley – speaking exclusively to Tottenham News – has provided insight on whether that would be a fair price.
“I think it is fair, and I think we’ve talked about this, you can easily get them into that £3-3.5b linked to all the things that we look for in the traditional metrics, the revenue, the value of the squad, the stadium, etc, and all the other things that are wrapped around it.
“We don’t often focus on the upside as well, which is where you can push that a little bit higher, so you add Champions League into that, you add a stadium naming rights deal into that that’s not yet been signed.
“You’ve got all the other stuff that Spurs do. You’ve got the fan base all around the world and the ability to tap in for that, so you’ve got that kind of digital footprint that’s probably being underutilised, really, from a financial perspective.
“And that’s when you can start to sell the upside, and of course, it’s a prestigious Premier League football club located in London, so all of those factors come into it.
“So I think £4bn is fair, and I think that’ll probably be the market prices we’re already starting to see, that’s going to be the starting point, and whoever’s going to come in is going to have to have a fair amount of money.”
What is the state of play regarding a potential Spurs takeover?
As it stands, ENIC have made it clear that they do not want to sell, while rejecting preliminary interest from two parties.
Those parties include Staveley’s PCP International Finance and a consortium led by Roger Kendey and Wing-Fai Ng.
Meanwhile, the deadline for the interested parties to make an offer is 5 October, or they must withdraw.
Of course, while ENIC does not wish to sell, that could all change if it receives a tempting takeover bid.
Now, all eyes will be on the impending October deadline to see exactly what happens in North London.