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12-09-14, 17:17 | #1 | ||
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US Wants to Buy UK Tottenham FC=£1Billion($1.625 Bill)
Tottenham Sale Rumours: Latest Details, Buzz and Analysis
Updates from Friday, 12 Sept. Tottenham released a statement on the reports of a potential sale on Friday: Quote:
According to The Telegraph's Matt Law, the interested buyers are being represented by Cain Hoy, a private investment company whose chief executive is 74-year-old Henry Silverman. The reported price is in the range of £1 billion (about $1.625 billion), which would be a staggering 45 times the amount (£22 million) owner Joe Lewis purchased the team for just 13 years ago, per the Mirror's Darren Lewis. Still, there are question marks about whether the Spurs are really up for sale. Law notes that Tottenham has denied any such reports, while the Mirror's Lewis reported on Wednesday that the 77-year-old Lewis is ready to sell. As ProSoccerTalk's Mike Prindiville added, current stadium delays could further complicate a sale: Quote:
While the price is steep, and the stadium situation isn't ideal, Tottenham remain an attractive investment. The Spurs qualified for Champions League football as recently as the 2010-11 campaign, and they have finished in the top six in the EPL four consecutive seasons. According to Forbes, they are the 13th-highest-valued club in the world. On the flip side, a wealthy new owner willing to shell out millions would have the Tottenham faithful dreaming of spending sprees in line with the elite clubs of the world such as Manchester City, Real Madrid and Chelsea. Still, with Tottenham adamant about having no interest in selling, we are very clearly in the beginning stages of any potential deal. .
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