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Premier League soccer club Tottenham Hotspur is not for sale and has rejected multiple takeover approaches that were made after the departure last week of longtime executive Daniel Levy.
The club, majority owned by ENIC Sports—a firm run by London-born billionaire Joe Lewis—made clear in a Monday statement that it is not up for grabs. The company “has received, and unequivocally rejected” two separate takeover proposals, one from PCP International Finance and another from Firehawk Holdings. Spurs have an estimated valuation of $3.3 billion, according to Forbes. The value of the offers were not clear.
PCP is led by Amanda Staveley, a British businesswoman with ties to the Saudi kingdom who is well-known as the former co-owner of another Premier League team, Newcastle. She sold her Newcastle stake in 2024. Firehawk is led by Wing-Fai Ng, CEO and executive director for short-form video app Triller, and Roger Kennedy, a non-executive director on the Triller board.
“The Board of the Club and ENIC confirm that Tottenham Hotspur is not for sale and ENIC has no intention to accept any such offer to acquire its interest in the Club,” the team said in Monday’s statement.
Both PCP and Firehawk made offers for Spurs in recent days, in the wake of Levy leaving. Levy, former chairman of the team, was one of the most influential people at Spurs for nearly 25 years. He stepped down as executive chairman last Thursday, although he still owns a stake in the club.
Rumors of a potential Spurs sale swirled prior to Levy’s departure. In fact, for much of the past two years there has been speculation. New York-based MSP Sports Capital was rumored as a suitor in late 2023 before stepping back, and Levy reportedly held talks with Qatar Sports Investments chairman Nasser Al-Khelaifi about a potential minority stake in 2024.
Under the U.K. Takeover Code, any investor acquiring more than 30% of the shares of an entity like Spurs would be required to launch a full public takeover offer. The U.K. Takeover Code also stipulates that any potential bidder that has been publicly identified has 28 days to announce one way or the other whether they intend to make a firm bid. Spurs noted in Monday’s statement that PCP and Firehawk have until Oct. 5 to do so.
PCP reportedly said on Monday it does not intend to make a takeover offer, while Firehawk has not commented. A representative for PCP did not immediately respond to a request for comment, while Firehawk could not immediately be reached.
The takeover talk comes after Spurs, last April, announced they had hired Rothschild & Co to advise as the club considered bringing on investors. “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,” Spurs said in an April 2024 financial disclosure.
Off the field, revenue at Tottenham has risen by 170% over the last decade, sitting at a little more than $670 million as per this year’s Deloitte Football Money League, good for ninth among world soccer teams.
On the field, Spurs are preparing to compete in the 2025–26 UEFA Champions League, which begins Sept. 16, after qualifying by winning the 2024–25 Europa League with a 1-0 victory over Manchester United in the finals.
