Tottenham takeover suitors have sealed £710m-plus business deal with Newcastle owners PIF

A consortium linked with a potential takeover of Tottenham Hotspur has completed a significant business transaction with the Saudi Public Investment Fund (PIF), the owners of Newcastle United.

Newcastle United became the world’s wealthiest football club after their acquisition by PIF in October 2021, although Profit and Sustainability Rules have restricted their financial ambitions.

Tottenham Hotspur, on the other hand, has not undergone a complete change of ownership since the early 2000s, when Joe Lewis and Daniel Levy’s ENIC Group took majority control of the club. However, a substantial shift in Tottenham’s ownership structure could be on the horizon.

Read- Manchester United ready to drop interest in £70m ‘superstar’ Tottenham also want

Daniel Levy revealed in Tottenham’s official accounts for the 2022-23 season that he is actively seeking investment in the club. While it remains unclear if this will result in a full or partial takeover, the latter seems more probable. One of the groups linked with such a deal is Liberty Media, an American company renowned as the richest sports empire globally.

Liberty Media has strengthened its ties with PIF through a notable acquisition. The company announced that it had acquired a 65% stake in the motorsport series Formula E.

While the deal’s value has not been disclosed, estimates suggest it could be around £710m. This move solidifies Liberty Media’s relationship with PIF, who not only sponsor Formula E but also own a minority stake in it.

The expansion of Liberty Media’s empire is likely to be well-received by Tottenham supporters. Fans may view the diversification of Liberty’s portfolio as a positive sign before any potential investment in the football club.

Liberty Media and Tottenham already share a commercial relationship, evidenced by a deal involving Liberty’s Formula One brand, which includes plans to install a karting track at Tottenham’s stadium and other branding collaborations.

Read- Perfect for Eze: Spurs eye Maddison upgrade in “exceptional” £30m ace

Besides Liberty Media, three other groups or individuals have been linked with a potential takeover of Tottenham:

1. MSP Sports Capital: This US private equity group previously attempted to buy Everton and showed a concrete interest in Tottenham. They conducted due diligence for a full takeover but have since ended their pursuit.

2. Qatar Sports Investment (QSI): Daniel Levy has a close working relationship with QSI and European Club Association chief Nasser Al-Khelaifi. Although QSI has been suggested as a potential owner, a deal would be complex due to UEFA’s regulations on multi-club ownership. Interest from QSI has diminished since 2022, but the ongoing crisis in Ligue 1 regarding TV deals could revive their interest in the Premier League market.

3. Jay-Z: The rapper and billionaire businessman has also been linked with Tottenham in US media. Jay-Z, who previously expressed interest in buying Arsenal and runs a successful sports agency, would likely join a consortium if he formalized his interest in Tottenham.

Tottenham Hotspur stands on the brink of a significant ownership change, with Liberty Media emerging as a key player due to their recent strategic acquisition and existing ties with the club.

While other potential investors like QSI and Jay-Z remain in the picture, Liberty’s strengthened position through its Formula E acquisition could pave the way for their deeper involvement with Tottenham. Fans and stakeholders alike will be watching closely as developments unfold, hopeful that new investment will propel the club to new heights.

Leave a Reply Cancel reply