Thomas Frank has been at Tottenham for only a short while, yet already he has had to address the uncertainty that comes with change at the boardroom level, and now he has spoken out on the takeover rumours surrounding the club.
Thomas Frank has only just settled into his role as Tottenham manager, but he has already seen upheaval behind the scenes with a change at the very top of the club.
Daniel Levy, who had been chairman for a quarter of a century, departed not long after helping to oversee the summer transfer business, bringing an end to a significant era in north London.
Frank, who was brought in under Levy’s watch, now finds himself working closely with CEO Vinai Venkatesham, and while he has been adjusting to the new dynamic, further speculation has emerged regarding a potential takeover.
Thomas Frank addresses Tottenham takeover talk
It has been widely reported that a United States consortium has submitted a world-record £4.5 billion takeover bid, a deal that would rank as one of the most significant in football history.
However, sources close to the Lewis family remain adamant that Tottenham Hotspur is not for sale.
Ahead of Tottenham’s clash with Wolves, Thomas Frank has spoken publicly for the first time about the reports of a possible change of ownership at the club.
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Speaking to football.london, Frank admitted that the swift changes since his arrival had surprised him, while stressing that he still feels a sense of stability around the club.
He said: “I am to start with very stable, Daniel had been here 25 years and then change came. OK, I did not expect that. Since then the Lewis family has been very good, very transparent that club is not for sale. For me personally, I feel in a very stable environment.”
The structure of the proposal is said to include £3.3 billion to buy out ENIC and the Lewis family, with an additional £1.2 billion earmarked as a player budget to cover transfers, wages and agent fees, supposedly available to Frank from the start of the January transfer window.
Stability key for Frank as Spurs boss
For Frank, a stable environment is vital if he is to concentrate fully on his responsibilities as manager, because any takeover speculation can naturally bring fresh questions about whether he is the right man to lead Spurs into a new era.
The Lewis family, however, have already made it clear that Tottenham is not on the market, stating that they remain committed to delivering success on the pitch for the club and its supporters.