Tottenham’s takeover talks have taken another twist following a statement by ENIC.
The future of Tottenham has been up in the air following Daniel Levy’s removal as executive chairman.
Amanda Staveley is yet again interested in a takeover of Spurs through her US-backed consortium, PCP International Finance.
ENIC have confirmed they don’t want to sell its stake in Tottenham, having rejected two bids, with one of them being from Staveley’s consortium.
Staveley’s group must now abide by the takeover code before they wish to submit another offer.
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Takeover code prohibits Staveley’s consortium to bid for the next six months
The i Paper journalist Mark Douglas has reported that Staveley is still interested in Tottenham, despite ENIC’s not-for-sale stance.
Following ENIC’s statement, PCP International Finance made one of its own, stating it does not intend to make an offer for Tottenham.
Under the takeover code, which would take precedence over any buyout of Spurs, they cannot make another offer for six months.
Many Spurs fans have protested against the ENIC ownership, and despite leaving Newcastle, Staveley’s investments in the Magpies would bring huge optimism in North London.
Daniel Levy’s relationship with fans played crucial part in his removal
Levy’s 25-year spell at Tottenham was not without its controversy, with fans in constant displeasure over how the club was being run.
Tottenham supporters have wanted Levy out for years due to the club’s lack of silverware despite huge investment.
Levy’s exit is a signal for the huge change that will take place at Tottenham, yet it remains unclear how ENIC will proceed, despite remaining adamant that a sale of the club is off the cards.
With Tottenham estimated to be worth £4bn, a sale does seem unlikely, yet investment from groups such as the PIF could prove to be a more realistic proposition.