‘I’m led to believe…’ – Finance expert details most likely Levy deal for Tottenham takeover

Tottenham Hotspur remains at the center of intense takeover speculation, with a Qatari consortium emerging as the most likely candidate to acquire the club. Over the past 18 months, American billionaires and representatives from private equity funds have also expressed interest in purchasing the North London side.

However, none of these discussions have progressed to an advanced stage, largely due to chairman Daniel Levy’s unwavering stance on the club’s valuation. Levy has set a price tag of £3.75 billion for Tottenham, a figure that potential buyers have yet to meet.

This has led to delays in any potential takeover, as Levy continues to hold out for what he believes is the best possible deal for the club.

Football finance expert Dan Plumley has weighed in on the situation, suggesting that Levy’s demands are not unrealistic given Tottenham’s recent progress both on and off the pitch.

Plumley argues that the lack of a completed takeover is not due to a lack of interest but rather Levy’s determination to secure the highest possible valuation for Spurs. “I think he’ll be looking for a valuation that matches the value that Spurs think they’re worth,” Plumley explained in an exclusive interview with Tottenham News. “That ultimately will come down to negotiation, so I can see that. Whether or not he [Levy] is holding it up, it’s kind of up for debate.”

The Qatari consortium is widely viewed as the frontrunner in the race to acquire Tottenham, but Plumley acknowledges that negotiations will be complex. “I’m led to believe that the Qatar deal is probably one of the more likely ones, but we know there have been others looking at them,” he said.

“Given everything that Spurs have done off the pitch in recent years—the new stadium, the NFL deal, and the F1 deal—you are going to be holding out for the ultimate top end of your price range.”

Tottenham’s financial health and infrastructure have seen significant improvements in recent years. The club’s state-of-the-art stadium, which hosts not only football matches but also major events like NFL games and Formula 1-related activities, has become a symbol of their ambition.

Additionally, Tottenham’s net transfer spend over the past decade reflects their cautious yet strategic approach to squad building. According to The Times, Spurs rank fifth among the Big Six clubs in net transfer spend from 2015 to 2025, with a total of £588 million. This places them behind Manchester United (£1.05 billion), Chelsea (£889 million), Manchester City (£860 million), and Arsenal (£741 million).

Despite these off-pitch successes, Tottenham’s lack of silverware has been a persistent issue. The club has not won a major trophy since the 2008 League Cup, a drought that has frustrated fans and raised questions about the ownership under ENIC, the investment group that controls the club.

Joe Lewis and Daniel Levy, who make up the majority of ENIC’s ownership, have faced criticism for their perceived lack of ambition in transforming Spurs into a title-winning side. Many believe that a change in ownership could provide the financial backing and vision needed to elevate Tottenham to the next level.

The potential takeover by a Qatari consortium or another wealthy investor could mark a turning point for the club. Such a move would not only inject significant funds into the squad but also signal a new era of ambition and competitiveness.

For now, however, the ball remains in Daniel Levy’s court as he continues to negotiate for what he believes is the best deal for Tottenham. Whether the Qatari consortium or another party ultimately meets his demands, one thing is clear: the future of Tottenham Hotspur could be on the brink of a transformative change.

Fans will be hoping that any new ownership can deliver the success on the pitch that has eluded the club for far too long.