Tottenham are undergoing a pivotal period in their history following the departure of Daniel Levy.
Levy departed his role as Spurs executive chairman after 24 years at the helm in North London.
It has been said that Tottenham could have spent like Liverpool this summer if ENIC had changed tack.
Now, ENIC have already made their intentions clear ahead of a key deadline that could define the Lilywhites.
ENIC not interested in selling Tottenham stake
There has been intense speculation that Levy’s exit from Spurs would lead to a takeover bid.
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The changes at the North London club were steered by the Lewis family, who own a controlling stake through ENIC.
While Levy brought financial stability, it is believed that his exit has occurred to drive on-field success by challenging for more major trophies.
Now, ENIC has received and rejected two separate preliminary expressions of interest for its stake in the North London club, according to Kaveh Solhekol via X on 8 September.
The chief correspondent of Sky Sports reports that they were from Amanda Staveley’s PCP International and a consortium led by Roger Kennedy and Wing Fai-Ng.
He adds that Spurs’ board say that the Premier League club is not for sale and that ENIC is not interested in selling its stake in Tottenham.
Now, the two interested parties have until 5pm on 5 October to announce their intentions by making an offer or not.
Furthermore, if the North London club was to be sold – which is not looking likely – it would be expected to be valued at up to £4billion.
Why are ENIC taking a tough stance on Spurs?
ENIC and the Lewis family clearly view Tottenham as a significant asset, which is unsurprising given how the North London club has evolved over the last few decades.
Given that Tottenham are expected to be valued at up to £4b, there is no rush to sell, as that value could increase over the coming years.
Of course, the stadium is lucrative to Tottenham, and that will continue to bring in a steady flow of income all-year round.
Moreover, in terms of revenue, Spurs are in the top 10 European clubs, even ahead of London rivals Chelsea.
While ENIC have offers on the table, the Premier League outfit are in such a healthy position that they do not need to rush to sell their stake.