LIVE
...

Follow us on

News

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 bankꦚ, whose reputation – as you would imagine – would get almost any businessperson on the planet to pick up the phone.

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

Chairman of Tottenham Hotspur Daniel Levy during the Premier League match between AFC Bournemouth and Tottenham Hotspur FC at Vitality Stadium on D...
Photo by Robin Jones – AFC Bournemouth/AFC Bournemouth via Getty Images

At present, former Newcastle United supremo ☂Amanda Staveley is the most likely to buy 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 and ENIC.

If Staveley😼 is to invest, it would be as a minority partner. She 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.

Newcastle United co-owners Mehrdad Ghodoussi and Amanda Staveley applaud the fans after the Premier League match between Newcastle United and Brigh...
Photo by Alex Dodd – CameraSport via Getty Images

ౠThe 51-year-old financier engineered the sale of Manchester City to Sheikh Mansour’s Abu Dhabi 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 also proved herself accomplished at running a club during her time at St James’ Park.

ꦓIndeed, Staveley said at Bloomberg’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 Levy and ENIC’s valuation, give Staveley’s consortium a stake of just over 13 per cent in Spurs.

൲That is around the same equity stake as the 30,000 external shareholders who have remained in situ since the days Spurs were 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 have adequate operational input at the Tottenham Hotspur Stadium, could well pursue them.

ཧAnd developments elsewhere in football’s mergers and acquisitions market could provide an opening for her to do exactly that.

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

ꦑWhen 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 alternative.

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

Monaco's Russian president Dmitriy Rybolovlev attends the French L1 football match Monaco (ASM) vs Paris Saint-Germain (PSG), on March 1, 2015 at L...
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 right to cash in.

Staveley is interested in AS Monaco♏, whose desirable location, history, and stellar infrastructure makes them an attractive option.

𓃲What’s more, majority ownership would be available for a fraction of the price that Staveley 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 the oligarch is now interested in taking over Vasco da Gama.

General view of the stadium prior the match between Vasco da Gama and Cruzeiro as part of Brasileirao 2024 at Sao Januario Stadium on June 16, 2024...
Photo by Wagner Meier/Getty Images

🌳A Monaco spokesperson has since denied that Rybolovlev has any interest in Vasco, refuting the claims in the Globo article.

♎The recently vanquished Copa Libertadores finalists are situated in Brazil, a market with one of the highest potential yields in football.

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

ไThat clearly would not be good news for the Tottenham fans desperate for salvation from 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 minority investments are concerned, both in the Premier League and further afield.

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

ꦬDomestically, West Ham, Brentford, Wolves and a handful of others are also seeking minority investment.

Newcastle United's new director Amanda Staveley (C) and husband Mehrdad Ghodoussi (L) talk to the media as she leaves the foyer of St James' Park i...
Photo by OLI SCARFF/AFP via Getty Images

🌱And developments in South and Central America, where a smattering of federations are inviting private investment 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

Related Posts