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Why ENIC could agree Tottenham takeover for more than £4bn after new developments

Tottenham are now looking ahead to a new era after confirmation that Daniel Levy has vacated his position as executive chairman.

After the 63-year-old’s departure, the talk quickly shifted to whether ENIC could sell their majority stake in Spurs.

While Amanda Stavely is reportedly interested in Tottenham, she is not allowed to bid for another six months under the takeover code after another failed approach.

Although there has been talk of a £4billion valuation to purchase the North London club, they could go for even higher.

This story includes exclusive comments from football finance expert Dr Daniel Plumley.

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Tottenham have significant appeal to interested parties

With Levy out of the way, Joe Lewis will be striving to bring more honours to Tottenham after their Europa League triumph.

After talk of the North London club being valued at £4bn, football finance expert Dan Plumley – speaking exclusively to Tottenham News – has provided insight on whether that would be a fair price.

“I think it is fair, and I think we’ve talked about this, you can easily get them into that £3-3.5b linked to all the things that we look for in the traditional metrics, the revenue, the value of the squad, the stadium, etc, and all the other things that are wrapped around it.

“We don’t often focus on the upside as well, which is where you can push that a little bit higher, so you add Champions League into that, you add a stadium naming rights deal into that that’s not yet been signed.

“You’ve got all the other stuff that Spurs do. You’ve got the fan base all around the world and the ability to tap in for that, so you’ve got that kind of digital footprint that’s probably being underutilised, really, from a financial perspective.

“And that’s when you can start to sell the upside, and of course, it’s a prestigious Premier League football club located in London, so all of those factors come into it.

“So I think £4bn is fair, and I think that’ll probably be the market prices we’re already starting to see, that’s going to be the starting point, and whoever’s going to come in is going to have to have a fair amount of money.”

What is the state of play regarding a potential Spurs takeover?

As it stands, ENIC have made it clear that they do not want to sell, while rejecting preliminary interest from two parties.

Those parties include Staveley’s PCP International Finance and a consortium led by Roger Kendey and Wing-Fai Ng.

Meanwhile, the deadline for the interested parties to make an offer is 5 October, or they must withdraw.

Of course, while ENIC does not wish to sell, that could all change if it receives a tempting takeover bid.

Now, all eyes will be on the impending October deadline to see exactly what happens in North London.

Tottenham could yet be taken over in the coming weeks as the saga surrounding their ownership continues.

Daniel Levy’s departure has thrown the future up in the air in N17, as it has resulted in heavy speculation that the Lewis family could be trying to sell the Lilywhites.

ENIC are adamant that Tottenham are not for sale, but that has done little to stop some of the discussions that have taken place in recent days.

Former Newcastle United investor Amanda Staveley has shown an interest in doing a deal to take over the North Londoners, and the saga looks to be far from over.

Amanda Staveley faces three-month wait to takeover at Tottenham

ENIC could earn around £4billion from a sale of Tottenham, but they have already rejected an expression of interest from Staveley and her PCP International group.

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The Lilywhites’ ownership issued a statement on Sunday evening which acknowledged the initial approaches that they had received regarding a potential takeover, but also made it clear that the club is not for sale.

However, football finance expert Kieran Maguire believes that the reality is that Spurs are still on the market.

Speaking on the latest episode of his The Price of Football podcast, he also revealed that Staveley now faces a waiting period of three months before she can act, as a result of the statement from Spurs’ board.

“Spurs put out a very strongly worded statement to say ‘if anybody’s interested in buying Spurs, forget it, we’re not for sale,” Maguire said.

“There’s no such thing as not for sale in business. If the money is right, then there’s always a deal.

“Staveley has been interested, and there’s been another consortium from the United States that’s been interested.

“Spurs put out that statement because they are what we refer to as a quoted company, a company that has its shares traded. That effectively means that Staveley and the other investors can’t do anything now for at least three months.

“But that’s nothing to stop somebody else from coming in.”

Thomas Frank need takeover saga to be addressed quickly

Thomas Frank’s Spurs side have made a bright start to the new season on the pitch, but it will do them no favours if the business aspect of the club remains in uncertainty in the coming months.

Such a major issue could easily impact the footballing side of the North London outfit, as the futures of players will be among many issues likely to take a back seat until the talk of a takeover is over.

Levy’s exit was always likely to bring this kind of impact, given how long he has spent at the top of the club, but it couldn’t have come at a worse time for Frank, who is still just a matter of months into his role.

With that in mind, the situation needs to be addressed once and for all, to quash any further talk of a potential change of ownership.

‘Carnage’ – West Ham fans predicted to riot if Tottenham scenario plays out at London Stadium

Thomas Frank could have a difficult time when Tottenham travels to the London Stadium.

Frank has had a solid start to life at Tottenham. The Lilywhites impressed in the UEFA Super Cup final despite Spurs’ subsequent defeat to PSG on penalties.

Meanwhile, the 51-year-old showed the extent of his tactical flexibility when Tottenham won all three points against Burnley and Manchester City in the Premier League.

Despite Spurs’ disappointing defeat to Bournemouth, Tottenham fans continue to back Frank to deliver the goods.

This article includes exclusive comments from Lilywhite Rose owner John Wenham.

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Mohammed Kudus to cause ‘carnage’ if decisive vs West Ham

Mohammed Kudus became the first player to sign for Tottenham from West Ham since 2011 when he arrived in the summer.

Kudus has since been outstanding at Tottenham and is well on his way to becoming the signing of the season.

The right winger will return to the London Stadium on the opposing side when Tottenham take on West Ham on Saturday, 13 September.

While it should be an exciting game, Tottenham expert and Lilywhite Rose owner John Wenham – speaking exclusively to Tottenham News – believes there will be ‘carnage’ if Kudus is decisive.

“You have to hope that we’ve got that out of our system now and we’ve learned from that,” Wenham said.

“Hopefully, we can restart after the international break with West Ham away and go there and get a win. If we do, my goodness, I mean, there could be a pitch invasion because West Ham fans are at boiling point, that three-goal win over Nottingham Forest was massive for them and very unexpected.

“But if Tottenham turns up and rolls them over, it could be carnage, especially if Kudus is involved and gets an assist or a goal, then they will really be at the boiling point at West Ham.”

What is Mohammed Kudus’ away record in the Premier League?

Kudus has scored 13 goals in the Premier League since signing for West Ham, six of which have come during away games.

With almost half of his Premier League goals coming against away teams, Spurs fans will be confident of him scoring against the Hammers. Or at the very least, celebrate that he is no longer on the opposing side.

But with all still to play for in the top-flight, supporters will be hoping that he nets a goal or two to boost their Premier League chances.

Pape Matar Sarr could have a world-class season under Thomas Frank.

Sarr wowed Frank with his screamer against Arsenal during pre-season. The midfielder netted the only goal of the game, which outlined his many uses on the pitch.

Since then, the Senegalese midfielder has quickly climbed the ranks under the Dane in North London.

Sarr’s performance for Tottenham against Manchester City has arguably been his best this season. There was not much to take from Sarr’s showing during Spurs’ defeat against Bournemouth. But on the whole, he has been incredible thus far.

As a result, it does not come as a surprise that he is a valued member of Frank’s squad.

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This article includes exclusive comments from Lilywhite Rose owner John Wenham.

Pape Matar Sarr crowned ‘best African midfielder’ for Senegal performances

Sarr was one of several Tottenham players who were called up by their international teams during the break.

Alongside Mathys Tel, there is an argument to be made that the central midfielder outperformed the bunch. Sarr netted twice for Senegal while away from Tottenham, which earned his nation back-to-back wins in the FIFA World Cup qualifiers.

His performances did not go unnoticed. Tottenham expert and Lilywhite Rose owner John Wenham – speaking exclusively to Tottenham News – believes they have earned him some brownie points with Frank.

“Not only has he had an amazing start to the season,” Wenham said.

“He’s also now picking up recognition for his form in Senegal, and scored a winning goal the other night. I saw some tweets from some commentators in France, just that he’s the best African midfielder at the moment, which is a huge compliment.

“Somebody so young, and seems to already be a firm favourite of Frank.”

Will Pape Matar Sarr continue to occupy an advanced role at Tottenham?

There was a moment when Sarr occupied the number 10 position at Tottenham following James Maddison’s ACL injury.

While he has since retreated further into the midfield, he has been given license to roam into the attack when needed.

With the arrival of Xavi Simons, fans can expect a more fixed role for Sarr, where he occupies deeper zones. This is because the Dutchman plays in a more advanced role, and positional freedom is a huge part of his game.

Nevertheless, there will still be ample opportunities for Sarr to get upfield when Simons drifts to the left wing. As such, his goals for Senegal may translate across to club level.

Thomas Frank’s Tottenham rebuild is underway, with the club winning two out of their first three Premier League games.

Tottenham’s 2-0 win over Manchester City has given fans optimism that Frank could be the man to take them to another level.

Spurs’ 1-0 loss to Bournemouth has brought the supporters back down to reality, yet Tottenham’s exciting transfer window spells promising signs for their league form going forward.

Frank is always looking for ways to improve his team, yet also is in favour of a few rule changes that should be implemented in football.

Thomas Frank in favour of timeouts in football

Speaking to Spurs’ official sponsor BetMGM, Frank was honest about what he’d like to see change if he had his way.

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“I’d have a timeout in each half,” he said. “From a coaching view, it would be lovely to have an opportunity in-game to speak to the players and adjust something.”

Designated rest breaks have been taken place in the Premier League before, with the Tottenham manager keen on making it a regular occurrence.

Timeouts have been used to allow Muslim players to break their fast during Ramadan, whilst water breaks have taken place when conditions are very hot.

With American Sports famously using timeouts constantly, fans in England would struggle to wrap their heads around the stop-start nature of Frank’s proposal.

Thomas Frank also wants handball law changed

The handball law seems to change every single season, with the referee’s interpretation of an incident in real time usually the deciding factor in what’s been given as a penalty, regardless of VAR.

Frank said: “You are giving the biggest chance to the opponent just because the ball ‘touches’ your arm. It has to be changed to make the game fairer.”

Thomas Frank has seen a fair share of unjust penalties given during his time in the Premier League.

Tottenham return to action against West Ham on Saturday, with Frank looking to build further momentum in N17.

The Lewis family have made it clear that sporting success is significant at Tottenham as they continue to push for change.

Tottenham fans are still coming to terms with Daniel Levy stepping down as Spurs chairman after almost 25 years in the position.

His departure follows several changes in North London, with his close ally Donna-Maria Cullen leaving her position as Spurs Executive Director months before.

Now the Lewis family are looking to green-light more changes as the fallout from Levy’s exit continues.

Tottenham could replace current retained bankers

Following Levy’s departure, a Tottenham takeover was mooted with Amanda Staveley leading the charge.

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However, Staveley made it clear that she is not planning on bidding for the North London side. Meanwhile, the Lewis family have emphasised that selling Tottenham is not in their current plans.

Instead, the Lewis family have directed their attention to creating meaningful change at Spurs. Adam Gardiner has just been appointed Chief Marketing Officer at Tottenham, and he is not the only shake-up expected as things stand.

According to City AM on 10 September, Tottenham are considering replacing Rothschild as their retained bankers. This follows the shock departure of Levy and will be seen as part of a series of changes.

The former Spurs chairman engaged Rothschild in April 2024 with a remit to advise Spurs on potential external investment. However, that process was stopped during the summer, with the Lewis family opting to inject around £100m into Tottenham themselves.

As a result, it seems Joe Lewis and his family are set to remain at Hotspur Way for the foreseeable future.

What is next at Tottenham?

The Lewis family and CEO Vinai Venkatesham has made it clear that sporting success is the current priority.

Spurs lifted the UEFA Europa League last season under Ange Postecoglou. But poor Premier League results saw him replaced with Thomas Frank.

The Lilywhites continued this change into the summer market. In hindsight, it seems that the transfers of Xavi Simons and Randal Kolo Muani may have been part of the change to part ways with Levy.

According to Sky Sports via X on 2 September, Tottenham had a £154.2m net spend in the summer.

As a result, Spurs supporters can expect their club to attack future markets with greater purpose in the coming years.

Xavi Simons is expected to create fond memories for Tottenham fans throughout his tenure in North London.

Simons arrived at Tottenham in the final days of the summer as a marquee signing. After Arsenal swooped in ahead of Spurs for Eberechi Eze in the final moments of his transfer, the Dutchman’s signing appeared well worth the heartbreak.

Spurs supporters were able to catch a glimpse of Simons when he played for the Netherlands over the international break. However, most will be itching to see him take to the pitch in a Lilywhite shirt.

With the wait almost over, it seems that his debut could be worth the wait.

Matt Wells tells Xavi Simons to be ‘creative’ in training

Tottenham fans will be expecting to see fireworks if Simons plays in Spurs’ upcoming game against West Ham in the Premier League.

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The attacking midfielder was known for his creative flair while at RB Leipzig. In two seasons at the German club, he notched 23 assists in all competitions.

This is something that most will be hoping he shows in abundance while in North London, and it seems that his creativity is something that will be embraced by Thomas Frank.

In a training video posted by Hotspur Reports via X on Wednesday, 10 September, Frank’s assistant coach Matt Wells can be seen instructing Simons throughout the action.

During the clip, Wells makes it clear that he expects Simons to be creative. He said: “Go create, do whatever you want.”

With Simons seemingly given free rein to show off the creative side of his game, Tottenham fans could grow to love his performances should will follow.

Xavi Simons to have Bryan Mbeumo role at Totenham

Simons plays best when operating as a number 10 who is given licence to drift towards the left wing.

From what has been seen in training clips, it seems that Frank is content to give the Dutchman a free role in midfield. He did something similar with Bryan Mbeumo at Brentford.

Indeed, while Mbeumo often started from the right wing, he was given freedom to cut inside. There were also games where he’d start as a second striker or centre-forward but would frequently occupy the right channel.

While Mbeumo outperformed Simons on the goalscoring front last season, there were similarities in their creative output. Both recorded the same number of assists. However, the Dutchman performed 0.01 per 90 more in expected assists.

Meanwhile, there was a 0.29 per 90 difference in their chances created. This makes sense considering they’re different profiles of players, but Mbeumo’s creative stats are high because of the role he was given under Frank.

As such, Spurs supporters may need to watch a clip or two of the right winger under the Dane for an understanding of how Simons could perform for Spurs.

Tottenham will be looking to get back on track in the Premier League when they travel to face West Ham on Saturday.

The Lilywhites return to Premier League action with a 5:30pm evening kick-off in East London, as they go in search of three points at a ground that hasn’t been kind to them in recent years.

Spurs have failed to beat West Ham in any of their last five visits to E20, and they will be desperate to put a stop to that run this time around.

Thomas Frank’s side were defeated by Bournemouth before the latest round of internationals, and a lively London derby is the perfect chance for them to get back to winning ways.

Form Guide (including pre-season)

Tottenham: L, L, W, W, L

West Ham: W, L, L, L, W

Team News

Destiny Udogie returned from injury for Tottenham in their recent defeat to Burnley, and he looks set to be involved once again, even if he starts the game on the bench.

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Long-term absentees Dejan Kulusevski and James Maddison remain out, while the game will almost certainly come too soon for Radu Dragusin, despite the recent progress in his recovery.

Frank could hand Tottenham debuts to the new attacking duo of Xavi Simons and Randal Kolo Muani, after they both arrived in the final stages of the transfer window.

For the hosts, Crysencio Summerville could start after playing a part in the emphatic 3-0 victory at Nottingham Forest last weekend, but Niclas Fullkrug is highly likely to miss the game, after picking up an injury while on international duty this week.

Predicted Lineups

Tottenham: Vicario, Porro, Romero, Van de Ven, Spence, Sarr, Palhinha, Bentancur, Kudus, Kolo Muani, Simons

West Ham: Hermansen, Walker-Peters, Mavropanos, Kilman, Diouf, Soucek, Ward-Prowse, Summerville, Paqueta, Fernandes, Bowen

Prediction: West Ham 1-2 Tottenham

Both sides have found the back of the net in seven of their last eight clashes against each other in all competitions, and that run looks likely to continue here.

West Ham will be buoyed by their victory in Nottingham last weekend, but they are coming up against a Spurs outfit who should ultimately be too strong for them.

Games between the two rivals are often decided on fine margins, and it would be no surprise to see them fall in Tottenham’s favour this time around, given the quality that they possess in the final third with the likes of Simons.

With that in mind, Tottenham News is predicting a 2-1 win for the Lilywhites at the London Stadium.

Daniel Levy could be set to pocket a huge sum of money after a new development regarding a potential takeover at Tottenham.

The Lilywhites chief stepped down from his role as executive chairman last week, in a decision that brought his 25-year stint at the helm in N17 to a close.

Levy’s departure from Tottenham signifies the end of an era for the club, who have already appointed several new faces at boardroom level in the aftermath of his exit.

The 63-year-old still holds a share in ENIC, and with that in mind, he could be about to make a fortune from Spurs, despite no longer being involved.

Daniel Levy would net around £800m if Spurs are sold

Levy’s exit has seen Tottenham shrouded in speculation in recent days, as there is an ongoing discussion regarding whether the club could be sold in the coming weeks.

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The Lewis family, who hold a majority stake in both ENIC and the club, are adamant that they have no intention of entertaining a sale, amid reported interest from former Newcastle United director Amanda Staveley.

There is also an American consortium who are thought to be keen on the idea of buying the North London outfit, and a potential takeover would certainly play into Levy’s hands if it were completed.

Football finance expert Kieran Maguire has revealed in the latest episode of his The Price of Football podcast that the outgoing chief’s share in ENIC could stand to see him earn as much as £800million if a sale does go through.

“Levy has done extremely well out of Spurs,” Maguire said.

“When he started, he earned £125,000 a year, and when he left, he was on well over £3m.

“He also owns just under 30% of the Lewis family trust, who own the majority of ENIC, who are Spurs’ major shareholder.

“That means that Levy’s share is going to be worth somewhere between £800m and £1billion based on my figures.

“If Spurs get sold for £4bn, I reckon that he’s looking at the thick end of £800m.”

Daniel Levy deserves his flowers at Tottenham

Levy has faced his fair share of criticism at Tottenham over the years, but it’s hard to argue against his achievements when it comes to the commercial side of the club.

The Lilywhites have become a financial superpower under his guidance, and while that should never completely offset a lack of success on the pitch, it has put the club in an excellent position to move forward towards Premier League glory.

The next goal of the hierarchy has to be to make Spurs competitive in every single competition that they’re in, and that responsibility will remain regardless of who owns the club.

Levy’s tenure has brought many positives in N17, and it must now be used as a springboard to strive for more success.

Tottenham are looking to return to winning ways when they visit West Ham on Saturday.

The pair of London rivals meet in E20 at 5:30pm on Saturday evening, with the Lilywhites aiming to get back on track after a frustrating defeat last time out.

Tottenham were beaten by Bournemouth on home turf in their final game before the international break, and they will be desperate to put that right this weekend.

Thomas Frank now has several new options at his disposal, and with that in mind, Tottenham News predicts the starting XI for Spurs’ visit to the London Stadium.

Xavi Simons to debut as Richarlison dropped for Randal Kolo Muani

Xavi Simons’ arrival has brought plenty of excitement at Tottenham, and the big-money signing looks likely to make his debut in the Premier League this weekend.

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The Lilywhites shelled out £52million to secure his signature from RB Leipzig, and Frank will be keen to get him involved at the earliest opportunity as he looks to bed him into the team.

Simons is most natural in an attacking midfield role, but with the boss likely to stick to the 4-3-3 shape that has served his side well so far this term, he could start on the left flank.

Brennan Johnson is the likely candidate to make way, and the overhaul of the attack could continue after a toothless display in the defeat to the Cherries.

Richarlison has been revitalised under Frank so far this season, but he looked too much like his former self against Bournemouth, and completed just 36% of his passes during the defeat.

That could see him drop to the bench this time around, with Randal Kolo Muani coming in as a second debutant, as Spurs go in search of the perfect creative formula in the final third.

Richarlison has earned a lifeline at Tottenham

Richarlison was heavily linked with a Tottenham exit this summer, but he has certainly earned a lifeline for himself with his performances in the opening few games.

The Brazilian netted a brace in the opening day win over Burnley, and he followed that up with a typically tireless display against Manchester City.

He has led the line in impressive fashion so far during Frank’s tenure, but he looked ready for a rest in the clash with Bournemouth.

That gives the boss a good opportunity to give Kolo Muani his chance to impress and fulfil the lofty expectations that are expected of him after his loan arrival.

Richarlison’s recent displays have certainly earned him a second chance in N17, and that shouldn’t change if he does miss out on Saturday.