HomeFootball NewsTottenham could sell stake in club as Levy reveals talks with investors

Tottenham could sell stake in club as Levy reveals talks with investors

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Tottenham are in discussions with potential investors regarding the prospect of owners ENIC selling a minority stake in the club, Daniel Levy has confirmed.

Spurs made their accounts for the 2022-23 financial year public on Wednesday, with the club’s total losses of £86.8million representing an increase on their loss of £50.1m in the previous 12 months.

Those losses came despite the club’s revenue increasing from £444m to £549.6m between the two periods, helped by increased match receipts in the club’s fourth full campaign at the Tottenham Hotspur Stadium.

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In a statement accompanying the results, Levy confirmed the club had held talks with parties interested in acquiring a minority stake.

“To capitalise on our long-term potential, to continue to invest in the teams and undertake future capital projects, the club requires a significant increase in its equity base,” Levy wrote.

“The board and its advisors, Rothschild & Co, are in discussions with prospective investors.

“Any recommended investment proposal would require the support of the club’s shareholders.”

ENIC first bought into the club in 1991, acquiring a 29.9% share from Alan Sugar and slowly increasing their shareholding until they acquired Sugar’s last 12% in 2007.

The company’s founder Joe Lewis was removed as a person with “significant control” over the club in 2022, before he pled guilty to insider trading in a US court earlier this year.

Harry Carr
Harry Carr
Harry is a freelance sports journalist with experience of working for the Racing Post, Stats Perform, Opta Analyst and more, covering major events across all sports but holding a particular love for the beautiful game.

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