News of Qatari banker Sheikh Jassim’s failed effort to buy Manchester United could have an impact on Tottenham as it was previously reported that he has also shown an interest in a takeover of Spurs.
Over the last 12 months, there have been numerous updates on Sheikh Jassim’s bid to buy Man Utd from the Glazer family and it now appears as if their efforts might fall through.
Fabrizio Romano reported over the weekend that the latest rounds of negotiations between the Qatari investors and Man Utd’s American owners did not go as planned.
He explained that after Jassim’s latest bid had been rejected again by the Glazers, he is now ready to end his interest in the Manchester club.
This might affect Tottenham as it was reported by ESPN’s Mark Ogden back in May that Jassim is determined to have his footprint in the Premier League and would consider buying Spurs if he is unable to take over the Red Devils.
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Could Spurs be subject to Qatari interest?
Ogden told The United Stand at the time: “They want the Premier League footprint. Somebody told me recently, they said that if the Qataris don’t buy Manchester United, they’ll be back and they might end up buying Tottenham.
“He said, look, if you’ve got Manchester City owned by Abu Dhabi, you’ve got Newcastle owned by Saudi Arabia, if Qataris maybe buy Tottenham, then you’ve got three clubs who can pull away.
“Every year, it would be United, Liverpool, Chelsea and Arsenal fighting for fourth spot, which is quite a terrifying prospect for [them].”
Daniel Levy admitted in an interview with Bloomberg last month that while he and ENIC are not actively looking to sell Tottenham, he has a responsibility to the shareholders to consider any bid that comes their way.
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If the Qatari consortium are not able to agree on a deal with the Glazers for Man Utd, I doubt they would have much luck in striking a deal with Levy and ENIC for Spurs.
While Man Utd are undoubtedly a bigger global brand, Tottenham have significantly better infrastructure in place and the earning capacity of the stadium is much higher. So, one would expect ENIC to demand a fee not too dissimilar to the one that the Glazers are asking for United.
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