Plenty of uncertainty has surrounded Tottenham and the future of the club, as suggestions of a possible takeover have been swirling.
Spurs have undergone some significant changes behind the scenes, with Daniel Levy leaving the club after 24 years in the position.
Since that seismic power shift at Tottenham, there have been plenty of discussions surrounding a possible takeover.
Three groups have held initial interest, including the latest from former DJ Brooklyn Earick.
The Lewis family, who head up the ENIC group that owns Tottenham, have claimed that they don’t wish to sell the club.
With Earick’s withdrawal from the process, along with another two groups, it leaves plenty of questions surrounding the next owner, if and when they come about.
ENIC will only sell Tottenham to a trusted owner, claims finance expert
The Tottenham takeover saga has continued to drag on, with interest from several parties making it clear that there are plenty of suitors willing to take the club on.
However, given the status of the club, there are always going to be those who aren’t always in it for the right reasons.
Considering that, TBR Football’s finance expert, Adam Williams, has given some insight into the options ENIC would be willing to deal with, if they do one day decide to move the club on.
He revealed: “We see it time and time again when a big club is for sale – a no-mark investor will throw their hat in the ring without any proof of funds or credibility to back it up, and the media will jump on it.
“Fans follow, although ironically they often have a much better eye for what’s a serious bid and what isn’t.
“With Earick, this is clearly a guy who has a little bit of sway in football finance. He’s not a chancer in the same vein as some of the guys we saw come out of the woodwork in the Man United auction process. Reportedly, he did meet with ENIC representatives, albeit for them to reiterate that the club isn’t for sale. But they wouldn’t have had that meeting if he was a total time-waster.
“But he’s a bombastic character – and that’s not the profile of person that ENIC like to do business with, so it’s no surprise this hasn’t come to anything.
“There’s perhaps some naivety on his part, therefore, or he has been poorly advised, if indeed this wasn’t a publicity stunt. If the investors in his consortium were as minted and experienced as he claims, why not make one of them the public face of the deal? That would probably go down better with fans, and with ENIC themselves.
“Most takeover brokers prefer a quiet process. I was speaking to a financier the other day who said that when he sees a takeover story in the news, that’s a sure-fire way to know it almost certainly won’t happen. You need a leak-free process, at least as much as is possible, until the final stages.
“Clubs receive preliminary expressions of interest all the time, but the vast, vast majority of those don’t make it into the press.
“If and when Spurs are sold, it’s not going to be to a consortium led by someone who, until a few days ago, none of us had ever heard of.
“I’d be willing to bet the next owner of Tottenham will have an existing Wikipedia page, put it that way.”
It’s a clear sign of what is to come at Spurs one day, when ENIC do eventually decide to cash in on the club.
However, for now, they seemingly have no intention of doing so.
How much are Tottenham worth for a takeover
Valuing a football club isn’t a precise science, but there are those who will have a price in mind based on several factors.
Things such as the location, infrastructure and revenue potential will all have an impact on exactly how much a club could be worth in the market.
A full takeover of Chelsea in 2022 cost BlueCo roughly £4.25 billion, emphasising just how big of an investment it is.
Now, according to Forbes, they are worth around $3.25 billion (£2.4 billion), which is just less than Tottenham.
Spurs actually rank ninth in the world for club valuation, with it being claimed that they are valued at $3.3 billion (£2.45 billion).
Given the revenue possibilities and the prices quoted for football clubs now, expect the true cost of any takeover to be around the £4 billion mark, if it happens any time soon.