TOTTENHAM have rejected two takeover approaches already since Daniel Levy’s shock exit.
And one of those came from former Newcastle chief Amanda Staveley.
Daniel Levy left Tottenham on Thursday night in a shock departurePA
ReutersAmanda Staveley led an approach to try and buy Spurs[/caption]
Levy’s surprise departure as executive chairman last week fuelled speculation over a possible takeover.
ENIC – who hold 87 per cent of Tottenham – insist the club is not for sale and Spurs’ statement on Thursday said there would be no changes to the ownership.
But Staveley submitted a “preliminary expression of interest” in the North London club through her PCP International Finance Limited company.
A second attempt was made by a consortium led by Dr Roger Kennedy and Wing-Fai Ng.
Tottenham confirmed the approaches with a statement on Sunday night – and revealed they had been “unequivocally rejected”.
Spurs said: “The Board of Tottenham Hotspur Limited is aware of recent media speculation and confirms that its majority shareholder, Enic Sports & Developments Holdings Ltd, has received, and unequivocally rejected, separate preliminary expressions of interest in relation to proposals to acquire the entire issued, and to be issued, share capital of Enic from (i) PCP International Finance Limited and (ii) a consortium of investors led by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited (the consortium).
“As a consequence of Enic’s majority ownership interest in Tottenham Hotspur, were any offer made to acquire Enic and complete, a mandatory offer would be required under Rule 9 of the code to acquire the shares of Tottenham Hotspur not already held by Enic.
“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.
“In accordance with Rule 2.6(a) of the code, each of PCP and the consortium is separately required, by not later than 5pm on 5 October 2025, to either announce a firm intention to make an offer for the company in accordance with Rule 2.7 of the code or announce that it does not intend to make an offer for the company, in which case their respective announcements will be treated as a statement to which Rule 2.8 of the Code applies.”
The Times report that UK takeover laws mean Staveley’s PCP will need to put out of a statement on Monday to confirm whether or not they plan to submit a formal offer for Tottenham.
ENIC used to be run by British billionaire Joe Lewis but is now headed up by his children Vivienne and Charles.
They have been the pair behind the shake-up at Spurs in recent months, which also saw former Arsenal chief Vinai Venkatesham brought in as CEO, before pushing Levy out.
However, ENIC is owned by the Tavistock Group, of which Levy’s son Joshua is the co-chief executive, leading to comparisons to TV show Succession due to the family power and dynamics at play.
Rather than look to sell, though, SunSport understands the Lewis family are weighing up putting in more cash themselves.
Spurs are now believed to be worth around £4BILLION, thanks in part to the building of their £1.2bn stadium which Levy oversaw during the 2010s.
They were valued by football number-crunchers Deloitte in January as the ninth richest club in the world, making £520m in the 2023-24 campaign.
Tottenham also made the most profit of any Premier League club over the course of Levy’s 25 years in charge, £167million up.
Levy handled the transition to one of the world’s best football stadiums and earned a reputation as a tough negotiator when it came to transfers.
But his hard-line approach was arguably his undoing, refusing to spend big on transfer fees or wages.
So while from an accountancy perspective, Tottenham flourished under Levy, just two major trophies 17 years apart left much to be desired from frustrated fans.
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