Qatar looking into possible growth avenues
In a statement included in the Lilywhites’ 2022–23 financial statements, Tottenham Hotspur chairman Daniel Levy acknowledged that possible negotiations had been held with new investors. According to Football Insider, Qatar is unlikely to reconsider a potential takeover of the North Londoners unless it entails a 75% share in the team.
According to the club’s current statute of shares, Enic, led by Joe Lewis, controls 87% of the corporation. Daniel Levy, the chairman, also holds a minority stake in the business. According to rumors, the club is looking for minority shareholders because the current board members are committed to the long-term N17 project.
“The board and its advisors, Rothschild & Co., are in discussions with prospective investors,” the 62-year-old said.
Tottenham Hotspur’s search for fresh financiers
The Athletic reports that Qatar and the club have already discussed a potential investment in 2022. Though it is believed that they would prefer a majority takeover, Qatari investors are still willing to invest in Premier League teams.
Finance analyst Kieran Maguire told Football Insider that Sheikh Jassim might turn his focus to Tottenham Hotspur investment after his failed attempt to acquire Manchester United.
However, it appears that owning a minority ownership is the only way to have a part in the Lilywhites.
Tottenham’s earnings and brand value are increasing, and Daniel Levy is making sure the team has the infrastructure necessary to support continued global expansion. The club’s upcoming growth stage is symbolized by the projected 30-story structure and the brand-new, state-of-the-art stadium.
Tottenham News:
One of the most fascinating teams in Europe right now, the North London Whites are appealing as a potential investment since they just revealed club-record revenue of £550 million, which includes a record-breaking matchday income of £117 million.