Daniel Levy broke Tottenham hearts by sacking Ange Postecoglou this week, but he could soon announce something even bigger, with a minority sale of the club allegedly close to being agreed.
While Tottenham have plenty of wiggle room in the PSG regulations, many finance experts have pointed out that the lack of shareholder equity has put Spurs in a challenging financial position.
Some of Tottenham’s cash flow problems have been resolved due to Champions League qualification, which is expected to boost their coffers significantly.
However, a new report has said that Spurs may receive an even bigger financial boost as a huge deal draws closer.
Daniel Levy in talks to sell minority stake in Tottenham
Football Insider have now claimed that the Lilywhites are edging closer to selling a stake in the club to a consortium in a deal that values the whole club at £5 billion.
The outlet does not say what percentage of the club will be sold and who the interested party is, but it is alleged that progress has been made in discussions behind the scenes.
While it is pointed out that Levy and ENIC’s astronomical £5 billion valuation may be a sticking point for some investors, it has not deterred the latest talks regarding a minority takeover.
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In fact, the outlet alleges that Donna-Maria Cullen’s exit from the Spurs board earlier this week could be related to the deal now reaching an advanced stage.
Many investors have shown an interest in Tottenham
It is an open secret that Levy is looking for investment and many consortiums have allegedly held talks with the Spurs chairman over the last few months.
Earlier this year, it was revealed that several American investors had shown interest in buying a stake in Spurs. More recently, it has been rumoured that a group of private investors from Qatar have shown interest in a full buyout of Tottenham.