How Rupert Murdoch Changed Sports Media Forever
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.
