Tottenham owners response to record £4.5bn takeover bid from US consortium

Tottenham Hotspur's owners are maintaining their stance that the north London club is NOT for sale. It comes amid reports that a US-based consortium has launched a takeover bid worth a massive £4.5billion

As first reported by The Sun, tech entrepreneur Brooklyn Earick is heading up a consortium that has made an approach to buy the club. It comes a matter of weeks after Spurs owners ENIC rejected two informal approaches to bid for their majority share of the Premier League outfit.

Earick, a former DJ, failed earlier this year in a bid to acquire Formula E team Maserati. He is fronting a £3.3bn takeover bid from a 12-strong group including NFL and NBA investors, with a further £1.2bn set aside as transfer funds. The total package would top the £4.25bn takeover of Chelsea from Todd Boehly and his investment group in 2022.

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However, sources close to the Lewis family, who run Tavistock, the company behind ENIC,insist that their stance has not changed and that the club is not for sale.

Additionally, it's understood the family have NOT received a bid from Earick's consortium or an expression of interest at this point.

ENIC owns 87 per cent of the Lilywhites, but due to the remaining shares being publicly traded, the club is beholden to the UK takeover code. That states that any expression of interest or bid must be lodged with the takeover code panel and made public, which has not been the case at this point.

It all comes amid huge changes at the club, led by the exit of long-time executive chairman Daniel Levy, who departed after 24 years at the helm following an internal review pushed through by the Lewis family.

Earlier this month an Asian consortium of investors led by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited indicated an informal intention to make an offer for Spurs on the day Levy departed.

Amanda Staveley and PCP International Finance Ltd are also believed to have shown enough interest, without making an actual indication of a forthcoming bid, all of which triggered takeover panel rules on disclosure.

PCP later made it clear that they would not be making an offer and in a statement triggered by the takeover interest, Spurs confirmed at the time that ENIC had "received and unequivocally rejected separate preliminary expressions of interest" to acquire their entire stake in the club.

They stated then: "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."

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