Tottenham have officially confirmed Andrew Ashcroft has purchased a stake in the club.
A public filing by the London Stock Exchange on Tuesday (23 September) revealed Ashcroft bought a 3.4 per cent stake in Tottenham on Friday (19 September).
Andrew, who is the son of former Conservative Party deputy chairman Lord Ashcroft, has purchased more than eight million shares in Spurs.
Lord Ashcroft was previously known to have owned around 4 per cent of Tottenham, but it is unclear whether the billionaire’s shares have now been passed down to his son or if the family has increased its stake.
There has been plenty of takeover speculation surrounding Tottenham in recent weeks following the departure of former executive chairman Daniel Levy.
How much of Tottenham does ENIC own?
Tottenham confirmed Levy stepped down on 4 September after spending 24 years with the club, with Peter Charrington appointed non-executive chairman.
Tottenham released a statement on 7 August claiming they have “unequivocally rejected” two expressions of interest and the club is “not for sale”.
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ENIC owns an 86.91 per cent stake in Spurs, with Levy and members of his family holding a 29.88 per cent share in the British investment company, and Joe Lewis’s family trust owning the remaining 70.12 per cent.
Football Insider revealed on 5 September Amanda Staveley has been in talks about a Tottenham takeover alongside a US-based consortium.
However, Staveley’s company PCP International Finance released a statement on 8 August confirming it “does not intend to make an offer for Tottenham”.
In terms of the value of Ashcroft’s investment in Spurs, The Guardian reported on Tuesday the deal is worth around £100million.
Tottenham’s owners are believed to value the club at up to £5bn after insisting they are not currently open to a full takeover.
How much revenue does Tottenham generate?
Football Insider revealed on 11 September potential Tottenham investors want to improve the club’s revenues after exploring a takeover deal.
It is understood the commercial opportunities with the NFL games and concerts as well as the scope for further development around the club’s stadium is attracting interested parties.
Spurs are in a strong position financially after posting a turnover of £528.2m in their latest published accounts for 2023-24, with their commercial revenue standing at £255.2m.
Alongside Charrington, Vinai Venkatesham is now in charge of the day-to-day operations at the Tottenham Hotspur Stadium after he was appointed as the club’s CEO in April.