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Billionaire Dmitry Rybolovlev’s makes takeover move that may be key to Amanda Staveley’s Tottenham plan

In April, what was a poorly kept secret in the world of football finance emerged in the public domain for the first time. Tottenham, Daniel Levy announced, were actively seeking new investment.

Levy is using the services of the Rothschild bank, whose reputation – as you would imagine – would get almost any businessperson on the planet to picꦛk up the phon😼e.

As is customary when a Premier League club is put for sale either ඣin a minority or majority capacity, the usual sovereign wealth funds, private equity titans, and multi-club investors have all been linke꧙d.

Photo by Robin Jones - AFC Bournemouth/AFC Bournemouth via Getty Images
Photo by Robin Jones – AFC Bournemouth/AFC Bournemouth via Getty Images

At present, former Newcastle United supremo Amanda Staveley is the most likely to buꦜyℱ into Spurs.

She is believed to have raised around £500m for a new football investment project and has zeroed in on Tottenham🦩, who are valued at around £3.75bn by Levy an👍d ENIC.

If Staveley is to invest, it would be as a min𓃲ority partner. Sꦇhe is likely also to either borrow to finance a deal, just as she did at Newcastle, or act as the public face of a part-takeover in exchange for equity.

Photo by Alex Dodd - CameraSport via Getty Images
Photo by Alex Dodd – CameraSport via Getty Images

The 51-year-old financier engineered the sale of Manꦰchester City to Sheikh Mansour’s Abu Dhab📖i United Group in 2008 and has previously been part of attempts take over Liverpool.

She, along with her husband and business partner Mehrdad Ghodoussi, is one of the best deal brokers in the business and al🌠so pr🎃oved herself accomplished at running a club during her time at St James’ Park.

Indeed, Staveley said ꧋at Bloo🐽mberg’s Money, Women & Power conference last week that she is desperate to return to football as soon as possible – and she wants a hands-on role.

With that in mind, is Spurs the right place for her? That is the question many, including Liverpool University football finance lecturer Kieran Maguire, are asking.

Speaking to TBR Football earlier this year, Maguire said: Levy is in no hurry to move on from Spurs. He is an immovable object and he is a Spurs fan.

“He wants validation for his project and that will only come when Spurs win a trophy or two. It could be a very long wait before he is ready to sell entirely.”

A £500m investment would, at L♑evy and ENIC’s valuation, give Staveley’s consortium a stake of just over 13 per cent in Spurs.

That is around the same equity stake as the 30,000 external shareholders who have remained in situ since the days Spurs weꦡre a publicly listed company. It wouldn’t even guarantee her a seat on the board.

Diagram showing the ownership structure of Tottenham, including Daniel Levy, the discretionary trust benefitting the family of Joe Lewis, ENIC, and 30,000 other Spurs investors

Staveley has other options on the table🧜 and, if she is not convinced she will haveꩲ adequate operational input at the Tottenham Hotspur Stadium, could well pursue them.

And developments elsewhere in football’s mergers and acquisitions market could pro🐠vide an opening for her to do exactly that.

Amanda Staveley could be tempted away from Tottenham amid AS Monaco takeover developments

When it was first reported in June that Staveley and her PCP Capital group had Spurs in their crosshairs, one other specific club was mentioned as an altern✤ative.

AS𒅌 Monaco, the eight-time French champions, are for sale. Their own𝓡er, the Russian billionaire Dmitry Rybolovlev, has said so explicitly.

Photo credit should read VALERY HACHE/AFP via Getty Images
Photo credit should read VALERY HACHE/AFP via Getty Images

Rybolovlev owns a controlling majority of the club’s equity and, after receiving a number of unsolicited offers, has decided the time is ri🎶ght to cash in.

Staveley is interested in AS Monaco, whose desirable location, histor💙y, and stellar infrastructure makes them an attractive option.

What’s more, majority ownership would be available for a fraction of the price that Stav🧜eley might🔯 otherwise pay for an ultimately modest stake in Spurs.

Now, in what is the clearest hint yet that Rybolovlev could be ready to up sticks in the principality, Brazilian outlet are reporting that th🐻e olig🤡arch is now interested in taking over Vasco da Gama.

Photo by Wagner Meier/Getty Images
Photo by Wagner Meier/Getty Images

A Monaco spokesperson has since denied that Rybolovlev has any interest in⛎ Vasco, refutin🌌g the claims in the Globo article.

The recently vanquished Copa Libertadores finalists are situated in B🦋razil, a market with one of the highest potential yields in foot🌊ball.

If he did need to make a deal happen, it could – in theory, at le𒐪ast – accelerate his attempts to sell Monaco, opening the door for Staveley and her consortium to take over.

That clearly would not be good news for the Tottenham fans desperate fo🥃r salvation fro💜m what they perceive as the overly commercially-orientated ENIC-Levy regime.

Spurs alternatives: Other options available to Staveley

It is a saturated market as far as takeovers or m🌌inority investments are concerned, both in the Premier League and further afield.

The dissolution of 777 Partners’ multi-club empire means half a 𝐆dozen clubs in three different continents are for sale.

Domestically, West Ham, Brentford, Wolves and a handful of others are also seeking minority inves💧tme🎃nt.

Photo by OLI SCARFF/AFP via Getty Images
Photo by OLI SCARFF/AFP via Getty Images

And developments in South and Central America, where a smattering of federations are inviting private inve🐈stment for the first time, 🌺means there could be openings for Staveley there too.

Similarly, and perhaps most evocatively, Real Madrid Florentino Perez has signalled that they too could also be🔜 seeking fresh capital in a landmark move away from the Socio model