Tottenham Hotspur may have a major challenge attracting investors, given the battle that is being waged among the owners of the club.
The Lewis family have already rejected several expressions of interest in buying Tottenham since Daniel Levy’s exit as chairman in the summer.
There have even been reports of a £4.5 billion attempt to purchase Spurs by a consortium headed by Brooklyn Earick.
PCP Capital Partners has shown interest in buying the Lilywhites, but one big development at the top level at Spurs may put off any investors from pushing ahead with a deal
Infighting between Daniel Levy and the Lewis family may deter potential Tottenham investors
Bloomberg have now reported that Levy considered suing the Lewis family trust when he was relieved of his position, as he believes that he is owed a higher stake in the club.
The report says that this has caused boardroom infighting at the North London club, which threatens to ‘severely deter potential buyers’.
The outlet claims that the investors looking at Spurs now run the risk of walking into ‘complex civil war over shares’ between Tottenham’s current owners.
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This, combined with the possible devastating financial consequences of relegation, means that the Lilywhites may not be as attractive an investment opportunity to some consortia as it once was.
Joe Lewis and Levy disagreed about Spurs sale
Bloomburg say that the club’s former majority owner, Joe Lewis, before he transferred his shares in ENIC to the Lewis Family Trust, had been trying to sell Tottenham for several years.
However, according to people familiar with the situation, Levy was reluctant to part ways with the club, which had come to define him.
A spokesperson of the Lewis family Trust told the publication: “The Lewis Family is committed to the long-term future of Spurs. As has been said before, they are not selling their stake, and the club is not for sale.”