Tottenham Hotspur have been linked with a takeover for a fair few months now, with “Amanda Staveley” and “Qatar” two of the biggest buzzwords associated with the matter.
Now, however, a fresh development has occurred on the side of the party that currently presides at the club.
ENIC increases Tottenham stake amid takeover speculation
ENIC, owner of Tottenham Hotspur Football Club, has increased its stake in the club by £11.7 million, as confirmed by Companies House.
John Wenham, owner of the Lilywhite Rose podcast spoke recently to Tottenham News and expressed his view on the matter, especially with the club linked with outside investment since last year.
“It felt like a secretive announcement.
“I think they were always on the lookout to buy any minority shares in the club just to increase their value. What was a multi-million investment for them is now worth billions in the event of any sale.
“Therefore, any opportunity to buy up additional shares, no matter how small, they’re going to take it.”
ENIC increasing its Spurs stake comes in the middle of the season at the start of which club chairman Daniel Levy had talked about the need for additional investment at a fan forum.
Amanda Staveley, the British businesswoman credited with the 2008 Abu Dhabi takeover of Manchester City as well as the 2021 Saudi Arabia–led takeover of Newcastle United, has been linked with Tottenham ever since leaving her post at the Tyneside club at the end of last season.
The 51-year-old is believed to be preparing a consortium led by a party from the Middle East to acquire a minority stake in Tottenham. Last year, she also lodged a fresh complaint against Barclays Bank in the International Chamber of Commerce (ICC), seeking financial compensation over the deals made during the 2008 global financial crisis.
TTLB Opinion
It is evident from this move that ENIC views Tottenham as a valuable proposition and, looking at the takeover situation, has decided to increase its stake as a win-win move.
Valuation of Premier League clubs continues skyrocketing, and Tottenham are no exception. The amount ENIC has put in will increase the club’s overall valuation in the mid-to-long term, helping them get more money if someone were to offer a minority stake or, under exceptional circumstances, be willing to buy the club outright.
