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

-

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.

Read our other football news stories here:
De Zerbi brushes off exit talk and insists he is focused on Brighton
Germany: Adidas bans fans from adding 44 to shirt over Nazi symbolism
Manchester City v Aston Villa: Emery backs Duran to fill Watkins void

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.

LATEST POSTS

Ancelotti hungry for UCL success with Real Madrid to go with LaLiga triumph

Real Madrid boss Carlo Ancelotti is eyeing the Champions League trophy to go alongside the club's LaLiga success. Los Blancos confirmed their record-breaking 36th title at...

De Zerbi hails Aston Villa as ‘one of the best teams in the Premier League’

Roberto De Zerbi says his Brighton side beat "one of the best teams in the Premier League" on Sunday. The Seagulls took all three points thanks...

Madueke backing Chelsea for Europe after West Ham thumping

Noni Madueke is backing Chelsea to finish as high as possible after the Blues thrashed West Ham 5-0 in the Premier League. First-half goals from Cole...

Sean Dyche slams VAR for missed penalty in Luton-Everton draw

Everton boss Sean Dyche believes VAR missed a second penalty for his side during the 1-1 draw with Luton Town on Friday night. The Toffees denied...

Most Popular