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Tuesday, June 25, 2024

Tottenham Owners Reportedly Not Interested in Selling

  • The BBC reported that ENIC Group is not interested in selling Tottenham.
  • It was reported earlier this week that MSP Sports Capital was preparing a $3.75 billion bid for the club.
A view of the Spurs club badge on the exterior of Tottenham Hotspur Stadium in London.
THFC

It looks like Tottenham Hotspur is not on the market after all.

Following reports earlier this week that MPS Sports Capital was preparing a $3.75 billion bid for the Premier League club, the BBC reported that Tottenham owner ENIC Group isn’t interested in selling and is committed to the club’s long-term plans.

Tottenham is, however, thought to be in discussions with investors about stadium redevelopment.

Sky Sports reported that MPS, which has stakes in the X Games, McLaren Racing, and several other soccer teams, has not even approached Tottenham.

ENIC Group, which is owned by British billionaire Joe Lewis, controls 86.58% of the club.

Despite injecting $187 million into the team in May 2022, the owners have faced criticism for a lack of investment.

“Since opening in the stadium in April 2019, we have spent more than [$600.4 million], putting us in the top quartile of spending in the Premier League — and we have made significant investments in the women’s team, too,” the Spurs said earlier this month in response to a letter from the Tottenham Hotspur Supporters’ Trust.

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