Amanda Staveley just put out official paperwork as £500M Tottenham takeover plot evolves
Amanda Staveley might soon break the hearts of Newcastle United fans by making a significant investment in Tottenham Hotspur.
Recent developments indicate her plans are progressing rapidly. Staveley was the public face of the Newcastle United takeover by a Saudi Public Investment Fund-led consortium in October 2021, where she secured a minority stake in the club.
However, earlier this year, she was effectively removed from the board and subsequently sold her stake to the Reuben Brothers, fellow minority partners.
Her departure from Newcastle shocked both players and fans, especially given the hero status she had achieved, with fans showcasing banners and tributes to her in the Gallowgate End.
Now, Staveley seems poised to re-enter the football arena, this time with a potential £500 million investment in Tottenham Hotspur.
Spurs chairman Daniel Levy had confirmed in April that ENIC, the club’s current owner, was seeking additional capital investment, likely in the form of a part-takeover.
Levy reportedly values Tottenham at £3.75 billion, a figure that some financial analysts have questioned. Despite this high valuation, Staveley appears undeterred, and there has been a formal update from her side.
Earlier this year, Staveley raised £500 million for new football investments through PCP Capital Partners, the company she manages with her husband, Mehrdad Ghodoussi.
The capital is believed to come predominantly from Middle Eastern investors, a region where Staveley has long-established relationships.
However, PCP Capital Partners, which was renamed Apollo Belvedere Services in 2023, has now gone into liquidation following a legal dispute with a former client, Greek shipping company Restis.
Staveley used another one of her companies, Cantervale Limited, to complete her investment in Newcastle back in 2021.
In an interesting turn of events, a recent Companies House filing shows that this firm has now changed its name to Redstar Leisure Limited, sparking speculation about a potential future deal, possibly with Tottenham.
The accounts for Redstar suggest that the only investment it previously held was Staveley’s £39 million stake in Newcastle. If Redstar is being prepared as a special purpose vehicle solely for football investments, the name change may indicate that a new deal is in the works.
However, despite these moves, any investment or takeover of Tottenham is unlikely to happen quickly. Daniel Levy, known for his tough negotiating tactics, will likely make the process a drawn-out affair.
Additionally, regulatory approvals for such deals typically take around 12 weeks, meaning a part-takeover is not expected to occur soon. Spurs have been privately seeking investment for several years, and any deal that materializes will likely not result in immediate changes.
Football finance expert Kieran Maguire, in an interview with TBR Football earlier this year, projected that Levy would remain in charge of Tottenham even after any new investment is secured.
It has been suggested that ENIC could sell between 10 and 25 percent of its equity in the club, which would grant any incoming investor significant influence in the boardroom.
Various entities, including MSP Sports Capital and Qatar Sports Investment, have previously been linked with a full takeover of Tottenham, but a deal of that magnitude seems unlikely at the moment.
Staveley’s potential involvement in Tottenham represents an intriguing development, particularly for Newcastle fans who viewed her as a pivotal figure in their club’s recent success. If her investment in Spurs comes to fruition, it could reshape the landscape for both clubs and leave fans eagerly awaiting the outcome.
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