Despite rumors of a potential takeover attempt, Tottenham’s owners do not want to sell the club.
The owners of Tottenham are dedicated to their long-term goals and have no intention of selling the team.
According to rumors, Jahm Najafi, a billionaire, plans to buy the north London club for £3.1 billion.
Iranian-American Najafi has not yet made any attempts to contact anyone.
The Financial Times claims that Najafi, who serves as chair of the sports investment firm MSP Sports Capital, is putting together an offer for Spurs with a group of investors.
Najafi will not approach Tottenham owner Joe Lewis or Spurs chairman Daniel Levy for some weeks, it was said.
A minority owner of the NBA team Phoenix Suns is Najafi.
Tottenham is currently ranked fifth in the Premier League despite losing the first leg of their last-16 Champions League match 1-0 in AC Milan on Tuesday.
They compete at the £1 billion, 63,000-seat Tottenham Hotspur stadium, which held its inaugural Premier League match in April 2019.
Spurs supporters seek “commitment” as opponents spend
Last month, about 60 Tottenham supporters demonstrated at the team’s practice facility against club owners ENIC and Levy citing a lack of funding.
The Tottenham Hotspur Supporters’ Trust has once again urged the board to provide “clarity and commitment” by outlining the club’s strategy and vision.
A few Premier League clubs now have the “potential to skew the market,” Levy cautioned last week, despite the fact that he understood why fans were pushing for higher expenditure.
After being acquired by a group led by American investor Todd Boehly for £4.25 billion last May, Premier League rivals Chelsea spent more than £550 million on new players over the course of two transfer windows.
Tottenham has spent more than £500 million on the men’s first-team roster since April 2019, according to the club’s most recent financial report. This amount is less than double what Chelsea spent in January alone (£288 million).
Spurs, who were recently ranked ninth in Deloitte’s Money League research, revealed a 22.7% increase in revenue to £444 million for the year ending June 2022, up from £361.9 million in the previous 12 months.