Tottenham Hotspur’s board claims that the owner of the north London football team has “unquestionably rejected” two potential buyers and that the club is “not for sale.”
The sudden departure of executive chairman Daniel Levy last week sparked rumors that a takeover bid might be in order.
Mr. Levy, who served as the Premier League’s longest-serving chairman, is thought to have made more than £50 million ($67. million) while serving the position for almost 25 years.
ENIC Sports & Developments Holdings Ltd, according to the statement, had rejected two distinct club preliminary expressions.
According to the statement, one came from Dr. Roger Kennedy’s and Wing-Fai Ng’s consortium, which is run by former Newcastle United shareholder Amanda Staveley’s PCP International Finance Limited, and the other came from Firehawk Holdings Limited.
Tottenham Hotspur is not for sale, according to the statement from the club’s board, and ENIC confirms that the club’s board and ENIC have no intention of approving any such offer to buy its stake in the club.
Tottenham Hotspur is owned by ENIC, who owns almost 87% of the company.
The majority of ENIC is reportedly owned by UK businessman Joe Lewis and his family, while about 30% belongs to Mr. Levy and his family.
Spurs stated in a statement last week that Mr. Levy’s departure was “part of the Club’s ambitions to ensure that it is set up to deliver long-term sporting success.”
Mr. Levy continued, “I’m incredibly proud of the work I have done with the executive team and all of our employees.” We’ve transformed this organization into a top-notch heavyweight competition organization.
Source: BBC
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