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News
Two Tottenham takeover updates as FIFA confirm £5bn development
The reasons that Tottenham and Daniel Levy are yet to finalise their search for fresh equity investment are becoming increasingly clearer.
Spurs officially announced that they were open to a takeover earlier this year, with chairman and co-owner Levy using language that lef♐t the door open for majority or minority investment.
Having raised £500m for a new football acquisition, former Newcastle United supremo Amanda Staveley’s�🐻� PCP Capital Partners have been linked with investing in Tottenham.
Previoꩵusly, Formula 1 owners Liberty Media have reportedly shown an interest, as have MSP Sports Capitꦏal, who recently failed in a bid to buy Everton.
But there has been next to nothing in the way of reliable reports suggesting that any investment is imminent – experts believe that may be because Tottenham’s £3.75bn valuation is too high.
What’s more, Spurs have actually beꦰen on the market for several years. The announcement in Apr💧il merely confirmed what was already widely known within the industry.
Levy and ENIC’s stewardship of Spurs over the last two decades has ▨been controversial among fans, but from a business perspective they are considered one of the best run clubs in the world.
So why have the hierarchy failed to ge💞t a deal of any description ꦜover the line?
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Cost control a major hurdle to Spurs takeover
In recent years, US private equity funds have tightened their𒁏 grip on football, investing en masse in the Premier League and further afield.
However, in the first genuine development in the investment saga in months, it was reported last week that private equity’s interest in the liꦓkes of Spurs is decreasing.
There are a number of factors at play here, but perhaps the most significant i♛s the perception that cost control in the Premier League is almost non-existent.
Sꦓpurs are in the minority in that they live within their financial means.
Increasingly, clubs are spending as much as possible within the spending reওgulations. And that means that profitability is nosediving across the division. Not ideal for investors.
🐟In a second development that illustrates this trend, have confirmed that al🉐most £5bn has been spent this summer on international transfers, the second most of all time.
Unsurprisingly, the Premier League was by far the𝕴 biggest individual driver even in a relatively fallow year by its own opulent standards.
The last thing would🅷-be investors want from a club like Spurs is to get into an arms race. That is why the NFL or NBA, where costs are essentially fixed and predictable, are more attractive.
Champions League revolution could breathe life into Tottenham auction
The US investors that own mor🐻e than half of the Premier League’s clubs are banking on there being a big bang moment in terms of revenue.
Otherwise, clubs will continue to sustain losses and owners will be u🌄nable to realise any value.
For clubs like Spurs, the previouไs solution had been the Eꦺuropean Super League.
That would have transformed the 𓆏North London club’s finances overnight, but the monumental fan backlash coupled with mounting legislative hౠurdles mean that is a near impossibility at present.
FIFA have promised that the expanded Club World Cup can br♏ing revenues north of £35m per tournament, but that will be a sporadic f𒐪inancial uplift at Spurs because of the qualifying criteria.
The Champions League, however, has moved permanenꦗtly to an expanded model that UEFA thinks can deliver 25 per cent more income for top clubs each year.
Spurs missed out on the inaugural edition of the r🧜evamped tournament in 2024-25, but t⛄hey see themselves as regulars in the competition going forward.
As many as six Premier League clubs could qualify for the Champions League in future years, so investors might👍 see these near-guaranteed revenues as the golden goose in terms of investing in Tottenham.