It was revealed during the summer that Joe Lewis, who founded the ENIC group which controls the majority share of Tottenham Hotspur football club, had been indicted for insider share dealing and conspiracy. Lewis reportedly handed himself in to New York authorities at the time (Bloomberg).

After the Lewis Family Trust was restructured in October of last year, Lewis gave up his share in the ENIC group, and as such, this legal matter will not directly affect the club (Telegraph).

At the time, a spokesperson for Tottenham even insisted there would be no comment as the legal matter was entirely ‘unconnected’ to the football club (Sky News).

According to a report from the Daily Mail revealed Lewis had been indicted on ’16 counts’ of insider trading, but Lewis’ lawyers believed the case was based on an ‘egregious error.’

Joe Lewis (right) (Photo by Gary W. Green/Orlando Sentinel/Tribune News Service via Getty Images)

Joe Lewis trial to continue next year

Now, the latest update on the situation comes from The Athletic, with news that Lewis’ next court hearing will not be happening until early 2024.

The report describes how Lewis is accused of “orchestrating a brazen insider trading scheme,” including the sharing of “non-public information [with] his girlfriend and two private pilots.”

The case has “lagged” since July after it was revealed that another of Lewis’ businesses, Tavistock Financial LLC, had covered legal fees for the two pilots in question.

The pair are employed by Tavistock Aviation, which presents a potential “conflict of interest” and, although both pilots had been paying for their own legal fees, those have now been reimbursed by Tavistock Financial.

Apparently, federal prosecutors have roughly a month to “conclude discovery” and gather their evidence, before the next “status conference” on January 10. This is the earliest date Lewis may reappear in court.

Lewis is accused of “market manipulation” and “misleading filings” between 2013 and 2021. It is suggested the activity allowed Lewis and those around him to “collectively make millions of dollars.”

Spurs Web Opinion

This does not sound good for Joe Lewis at all, and it is hoped none of this ends up having an effect on Daniel Levy or any other facet of the club. Thankfully, it would appear to be entirely disconnected from anything to do with Spurs.

The post Report reveals update on court hearing of ex-Tottenham owner Joe Lewis appeared first on Spurs Web - Tottenham Hotspur Football News.

Back in July, Lewis was charged with multiple counts of insider trading by American authorities, with the Bahamas-based Billionaire indicted for passing information to “romantic partners and his private pilots,” according to the US attorney for the Southern District of New York, Damian Williams (The Athletic).

It has since been reported that the development is not expected to affect Spurs since Lewis is no longer in control of the club, having transferred control to Lewis Family Trusts last year (Telegraph).

Joe Lewis (right) (Photo by Gary W. Green/Orlando Sentinel/Tribune News Service via Getty Images)

Joe Lewis will reappear for a hearing in January

The Mail have now explained that Lewis had been released on a $300million bond after pleading not guilty to 19 counts of insider trading and conspiracy in a Manhattan courtroom back in July.

He was ordered to hand over his passport, meaning that he could not leave the United States.

The publication claims that Lewis is not out of trouble just yet as he is expected to be back in court in early 2024 for another hearing for his alleged role in insider trading.

Spurs Web Opinion

It is now clear that this will not affect Spurs directly, with the Premier League seemingly satisfied that Lewis is no longer part of the ownership at Tottenham. However, I do wonder if this case and the ultimate verdict of the trial might impact how quickly the current ownership decides to sell the club.

The post Report: Update as ex-Spurs owner Joe Lewis is due back in court for insider trading trial appeared first on Spurs Web - Tottenham Hotspur Football News.

Last week, Lewis was charged with multiple counts of insider trading by American authorities, with the Bahamas-based Billionaire indicted for passing information to “romantic partners and his private pilots,” according to the US attorney for the Southern District of New York, Damian Williams (The Athletic).

Joe Lewis (right) (Photo by Gary W. Green/Orlando Sentinel/Tribune News Service via Getty Images)

It has since been reported that the development is not expected to affect Spurs since Lewis is no longer in control of the club, having transferred control to Lewis Family Trusts last year (Telegraph).

The Premier League are allegedly satisfied that Lewis is not part of the ownership of Tottenham and that he has nothing to do with the running of the club any longer.

Lewis could still cause problems for Tottenham

However, while Maguire reiterates that Spurs are not in trouble at the moment, he warns that the authorities could still arrive at the conclusion that the 86-year-old has shadow control of the club, which could, in turn, create many problems for Tottenham Hotspur.

Maguire told Football Insider: “The main issue with the Joe Lewis insider trading story is that Spurs, on the face of it, won’t have a problem.

“This is because Joe Lewis effectively transferred his shares to a trust. However, if the authorities see this as a way of trying to distance himself from the club but he does have effective control, then it could open a can of worms.

“We will have to wait and see what the American authorities do and how his allegations progress, but he is innocent until proven otherwise. If it is deemed that he has shadow control over the club, it could make things very difficult.”

Spurs Web Opinion

It is quite possible that Lewis and his legal team would have been fully aware that these charges were on their way, which might have been why the 86-year-old gave up control of Spurs and his other assets to the family trusts a year ago.

The post Finance expert thinks Joe Lewis charge might open ‘can of worms’ for Tottenham appeared first on Spurs Web - Tottenham Hotspur Football News.

Multiple outlets reported a couple of weeks ago that Lewis, who used to be Tottenham’s majority owner, had asked Levy to sell Kane if he did not sign a new contract (Mirror).

Marc Atkins/Mark Leech/Getty Images

The 30-year-old does not look set to sign an extension and although there remains a distance between Spurs and Bayern Munich (David Ornstein), reports indicate that the Bundesliga club’s hierarchy remain positive about their chances of acquiring the England captain (Daily Mail).

Last week, Lewis was charged with multiple counts of insider trading but reports indicate that the news is not expected to affect Spurs since the Bahamas-based Billionaire is no longer in control of the club, having transferred control to Lewis Family Trusts last year (Telegraph).

Tottenham have been up for sale for years now

However, Olley believes the reports of the 86-year-old’s involvement in the Kane saga might mean that he wants money in the bank in order to sell the club.

When asked about Lewis asking Levy to sell the centre-forward, the journalist told ESPN: “I can’t say where that story came from. But I do know where it came from. It didn’t come from someone connected with Tottenham.

“There is a belief among other major European clubs that Daniel Levy is under pressure internally to sell.

“What is the interesting thing about that is that, if it’s true, and Joe Lewis is putting Daniel Levy under pressure to sell Kane, it might be because they are trying to put money in the bank to try and sell the whole club.

“Tottenham’s been available for sale, everyone has known it for years. Todd Boehly made an offer for Tottenham before he got involved with Chelsea, and that was four years ago, I think.”

Spurs Web Opinion

While it is an open secret that Spurs have been for sale for a few years, that does not mean that a takeover is just around the corner. Levy and Lewis will likely hold out for a substantial fee, particularly given the earning potential of the Tottenham Hotspur Stadium.

The post ‘Everyone’s known it for years’ – Journalist makes claim about Spurs being up for sale appeared first on Spurs Web - Tottenham Hotspur Football News.

A report from Bloomberg last week revealed that Joe Lewis had been indicted in New York on charges of insider share dealing and conspiracy. Lewis handed himself in to the authorities after the charges were brought against him.

(Photo by David Cannon/Getty Images)

A Tottenham spokesperson responded to the situation and insisted the club would have no comment as this was a legal matter which is ‘unconnected’ to the football club (Sky News).

According to a report from Telegraph Sport on the matter, Spurs will avoid any reprimand from the Premier League as Lewis is no longer actually the owner of the club.

The Lewis Family Trusts was restructured last October and Lewis gave up his majority control over the ENIC group that owns Tottenham Hotspur. Katie Louise Booth and Bryan Antoine are currently listed as the persons of significant control at the club.

Premier League shocked by Joe Lewis charges

Now, the latest report on the situation comes from the Daily Mail, and reveals the Premier League had no idea these charges were being brought against Lewis.

Apparently, executives of England’s top league had “no prior warning” that Lewis was being indicted on “16 counts” of insider trading. 

Lewis “no longer comes under Premier League rules” but it is believed “enhanced due diligence” has been carried out to assess the impact of the 86-year-old’s actions and ensure he does not have any “influence” at Spurs.

Lewis’ lawyers insist an “egregious error” has been made by US authorities and he is keen to “defend the charges.”

Spurs Web Opinion

This is a really messy situation and I’m just glad it doesn’t directly impact the club. Hopefully, it is all resolved swiftly so the media circus can move on and leave the football club to get on with footballing matters.

The post Report reveals how Premier League chiefs reacted to Joe Lewis indictment appeared first on Spurs Web - Tottenham Hotspur Football News.

Lewis was arraigned last Tuesday in Manhattan federal court with 16 counts of securities fraud and three of conspiracy to commit fraud, which prosecutors called a “brazen” insider trading scheme to enrich his friends, lovers and employees, including two private jet pilots.

Under the terms of a $300m bond to secure his release, Lewis agreed to surrender his private yacht Aviva, which he is now prohibited from boarding, and his personal plane, which can be used – with prior notification to prosecutors – for domestic US travel.

The 86-year-old, who is based in the Bahamas bought Tottenham in 2001 via his ENIC company, along with current chairman Daniel Levy.

Spurs are 86.58% owned by ENIC and the investment company itself is 70.12% owned by the Lewis Family Trust. Levy, and certain members of his family hold the other 29.88% of ENIC.

Jay-Z, whose real name is Shawn Carter has a net worth is estimated at $2.5 billion (USA Today) and would want to look to potentially move forward with the backing of other investors.

It is believed that Levy values Spurs at upwards of £3.5 billion with sources convinced that the 61-year-old would want to retain his position, at least in the short-term, as part of any takeover (Telegraph).

(Photo by John Phillips/Getty Images for BFI)

Jay-Z interested in potential Tottenham takeover

The business associate of Jay-Z told The Express US: “More than a few of the very top clubs there – like Manchester United, Liverpool and Chelsea – are now under US ownership and Jay would jump at the chance of a controlling interest at board level somewhere with the global reach of Spurs.

“It remains to be seen whether Mr. Lewis will walk away free. If he doesn’t, Jay has said he wants to be in a position to move quickly if he feels the price is right.”

His associate added when it was mentioned of an estimated market value of $2.8 billion (£2.18billion) for the North London outfit: “He believes this is achievable, especially with the backing of fellow investors.”

SpursWeb Opinion

Tottenham have made it somewhat clear that Joe Lewis is not the owner of the club in the wake of his indictment in the States having stepped back from his stated position at Spurs on 5 October 2022 in a move that was also signed off by the Premier League’s board.

In October of last year, Lewis gave majority control of ENIC, and thus majority control of Tottenham, to a family discretionary trust of which the listed beneficiaries are members of his family. The trust is managed by two independent trustees. The beneficiaries of a discretionary trust have no legal entitlement to the assets.

The post Report: Jay-Z prepared to ‘move quickly’ with potential takeover bid of Tottenham Hotspur appeared first on Spurs Web - Tottenham Hotspur Football News.

Telegraph Sport contacted The Premier League, and they are satisfied that Joe Lewis is no longer the owner of Tottenham and does not impact the running of the club.

(Photo by David Cannon/Getty Images)

As such, the Lilywhites will not face any sanctions for the charges, and if Lewis is found guilty, the club will not be forced into a sale.

Joe Lewis is no longer the majority Spurs owner

The report adds that the Lewis Family Trusts was reorganised in October last year, meaning Lewis no longer has any significant control over Tottenham.

It has also been revealed that he gave up majority control of ENIC to the Family Discretionary Trust, which Lewis is not a beneficiary of.

This all comes after Joe Lewis was charged by federal prosecutors with insider trading more than a dozen times, across a period of eight years. He has since turned himself in to the authorities (Bloomberg).

When contacted for comment by Sky News, a Tottenham club spokesperson said: “This is a legal matter unconnected with the club and as such we have no comment.”

Spurs Web Opinion:

This is by no means ideal for Tottenham, but at least fans can rest easy in the knowledge that it will not impact the club negatively, beyond PR. It really does just feel like one thing after another as a Spurs fan though.

The post Report reveals whether Tottenham will face any action for Joe Lewis charges appeared first on Spurs Web - Tottenham Hotspur Football News.

A spokesperson for the US Attorney’s Office revealed that Lewis, 86, has turned himself in to the federal authorities in New York on Wednesday morning.

(Photo by David Cannon/Getty Images)

This comes less than 24 hours after federal prosecutors announced an indictment on Lewis, who was charged with multiple counts of insider trading (Bloomberg).

The US Attorney for the Southern District of New York, Damian Williams, said in a statement: “None of this was necessary, Joe Lewis was a wealthy man.

“But as we allege he used inside information as a way to compensate his employees or shower gifts on his friends and lovers.”

Spurs owner Joe Lewis charged with insider trading

It was alleged that Lewis’ insider trading consisted of passing information to friends, romantic partners, assistants, and personal pilots, across more than a dozen incidents and a total of eight years.

It was also claimed that Lewis loaned money to some of these contacts.

Now, the former Tottenham Hotspur owner has surrendered himself to the authorities to face these charges. Sky Sports have reported that he will appear in court as early as later today.

Spurs Web Opinion:

This is yet another wave of bad PR for the club, even if it doesn’t actually impact the day-to-day running of Tottenham Hotspur. When it rains, it pours as a Spurs fan.

The post Report: Tottenham owner Joe Lewis surrenders to US authorities in New York appeared first on Spurs Web - Tottenham Hotspur Football News.

The 86-year-old has been accused of ‘classic corporate corruption’ by US Attorney Damian Williams, alleging he has passed on sensitive information to ‘friends and romantic partners’ who used the knowledge to make stock trades and millions of dollars.

He was charged with 16 counts of securities fraud and three counts of conspiracy, for alleged crimes spanning from 2013 to 2021.

In a video posted to social media on Tuesday, Williams said: “Today I’m announcing that my office, the southern district of New York has indicted Joe Lewis, the British billionaire, for orchestrating a brazen insider trading scheme.

“We allege that for years Joe Lewis abused access to corporate board rooms and repeatedly provided inside information to his romantic partners, his personal assistants, his pilots and his friends.

‘Those folks then traded on that inside information and made millions of dollars on the stock market. Thanks to Lewis those bets were a sure thing.

“None of this was necessary. Joe Lewis is a wealthy man, but as we allege he used insider information to compensate his employees, or to shower gifts on his friends and lovers.

“That’s classic corporate corruption. It’s cheating and it’s against the law.”

(Photo by David Cannon/Getty Images)

Tottenham provide a response to Joe Lewis’ indictment on insider trading charges

Tottenham Hotspur Football Club were contacted by Sky News for comment on Lewis’ indictment, to which they replied: “This is a legal matter unconnected with the club and as such we have no comment.”

Mr Lewis is reported to be one of Britain’s richest men. He owns hundreds of assets, including Premier League London club Tottenham Hotspur which he bought from Sir Alan Sugar in 2001 for £22m.

He also owns a stake in UK pub chain Mitchells & Butlers and was ranked 39th in the 2023 Sunday Times Rich List, with an estimated worth of more than £5bn.

SpursWeb Opinion

Whether or not Lewis’ indictment is unconnected to Tottenham Hotspur, it still provides unnecessary media attention to the club when there is already enough spotlight on Harry Kane’s future.

The post ‘Legal matter’ – Tottenham Hotspur refuse to comment on Joe Lewis’ indictment appeared first on Spurs Web - Tottenham Hotspur Football News.

The indictment was announced by federal prosecutors in New York this evening, and Lewis has been charged with passing inside information from companies he was investing in, and securities fraud.

The US Attorney for the Southern District of New York, Damian Williams, said in a statement: “None of this was necessary, Joe Lewis was a wealthy man.

“But as we allege he used inside information as a way to compensate his employees or shower gifts on his friends and lovers.”

Statement of U.S. Attorney Damian Williams on U.S. v. Joseph Lewis pic.twitter.com/9rGTTYVx6h

— US Attorney SDNY (@SDNYnews) July 25, 2023

Joe Lewis charged with passing insider information

Lewis reportedly passed this information to friends, romantic partners, assistants, and personal pilots, racking up more than a dozen different charges.

The prosecutors claim Lewis conducted insider trading for a total of eight years, passing information on companies such as Mirati Therapeutics, Australian Agricultural Co, and Solid Biosciences.

They even alleged that the Spurs owner loaned money to some of the people he passed information to.

Lewis currently invests in 13 different countries, across more than 200 businesses, as well as being the majority owner of Tottenham Hotspur.

Marc Atkins/Mark Leech/Getty Images

Spurs Web Opinion:

A day in the life of a Tottenham fan. It seems the club just jumps from one disaster to the next at the moment. First Fabio Paratici, and now charges being brought against the actual owner of the football club. It remains to be seen what impact this has on Tottenham Hotspur FC.

The post Report: Tottenham owner Joe Lewis charged with insider trading in the US appeared first on Spurs Web - Tottenham Hotspur Football News.

Over the weekend, multiple outlets (Daily Mail and The Mirror) suggested that Lewis had made it clear to Levy that Kane would have to be sold this summer if the 29-year-old does not sign a new deal.

It was explained that the Spurs chairman will come under pressure to sell the England captain if he refuses to accept the club’s offer of a new lucrative contract offer, which is thought to be worth £400,000 a week.

SOUTHAMPTON, ENGLAND – JANUARY 25: Tottenham Hotspur Chairman Daniel Levy during the FA Cup Fourth Round match between Southampton and Tottenham Hotspur at St. Mary’s Stadium on January 25, 2020 in Southampton, England. (Photo by Robin Jones/Getty Images)

Sources sceptical about Joe Lewis and Levy claim

However, The Telegraph have now cast doubt on those claims, revealing that one high-profile source who has worked with Levy and Tottenham for well over a decade told the publication that Lewis ‘never gets involved’ in football-related decisions

It is alleged that the Bahamas-based billionaire allows Levy a free hand to run Spurs the way he sees fit, which is why the reports about the 86-year-old’s ultimatum regarding Kane has been ‘met with caution’ by those who know both men.

Spurs Web Opinion

Lewis does not tend to get involved in the running of Tottenham and it would be surprising for him to suddenly decide to step in after all these years.

However, perhaps now that Spurs are for sale, the 86-year-old wants to ensure that unnecessary losses are avoided until a new buyer is found.

The post Report: Those in the know doubt whether Joe Lewis and Daniel Levy claims are true appeared first on Spurs Web - Tottenham Hotspur Football News.

Bahamas-based Lewis is keen to ensure that Kane does not run his contract down and leave the club on a free transfer next summer.

Levy is said to value the England captain at £100m but it is said that the Tottenham chairman will now come under pressure to cash in on the centre-forward if he refuses to accept the club’s offer of a new lucrative contract offer, which is thought to be worth £400,000 a week.

(Photo by Amphol Thongmueangluang/SOPA Images/LightRocket via Getty Images)

Joe Lewis instructs Levy to sell Kane if he fails to sign new contract

Multiple publications, including The Times, have reported over recent days that Kane has no intention of signing a new contract this summer since he is keen on making a switch to Bayern Munich.

Kane, who celebrates his 30th birthday on Friday, has entered the final 12 months of his six-year Spurs deal and is currently in Singapore with the rest of the squad as they prepare for Wednesday’s pre-season match against Lion City Sailors.

Meanwhile, Bild even claimed over the weekend that the striker’s wife, Kate, has already been to Germany to look for a new home outside Munich and the district of Grunwald in Bavaria.

Other members of Kane’s family are also said to have been in the German city ‘in the past few days to look at international schools and properties’. 

Bayern Munich honorary president Uli Hoeness recently claimed that Kane will join the Bundesliga champions this summer after more or less giving his word over the move.

He told  Sport1: “Up to now it was the case that Harry has clearly signalled in all the talks that his mind is made up. And if that remains the case, then we’ll get him, then Tottenham will have to give way.”

“Now he has the chance again to come to a top club in Europe.  What we all like is that he and his agents, his father and the brother, have always clearly stood by what they’ve said. If it stays like that, then that’s OK.”

Hoeness added that talks with Levy were difficult.

“He’s clever,” Hoeness continued. “He isn’t naming a price. First of all, we have to bring him so far as to name a price. Of course, he’s playing for time. He’s savvy and, I find, a super professional, I really like him. But I think these are people who haven’t just been doing this since yesterday.”

Spurs Web Opinion 

I do expect Tottenham to cash in on Kane this summer as it is pretty clear that he is not going to sign a new contract. However, I am sceptical about the suggestion that Lewis has got involved in the Kane situation since as the 86-year-old has always previously been happy to let Levy manage the club’s affairs. 

The post Report: Joe Lewis issues Harry Kane ultimatum to Daniel Levy  appeared first on Spurs Web - Tottenham Hotspur Football News.

Tottenham’s squad looks in need of serious investment on the back of a disappointing eight-place finish last season.

Stephen Pond/Getty Images

The club have certainly started the transfer window in an encouraging fashion, having signed Dejan Kulusevski permanently from Juventus while also bringing Guglielmo Vicario, James Maddison and Manor Solomon through the door.

However, most people would agree that the squad needs a few more top-class additions to give Ange Postecoglou any chance of competing against the best sides in the Premier League.

Harry Redknapp predicts spending from Spurs

Redknapp does not have any doubt that Spurs will splash the cash this summer, pointing out that the Lilywhites have been one of the biggest spenders over the past five or six years.

The former Tottenham manager told talkSPORT: “I don’t think Tottenham are short of money. They are owned by Joe Lewis. I don’t think people realise just what a wealthy owner they have. He is an incredibly, incredibly rich man.

“Daniel (Levy) is obviously a part owner with him. I think they have been in the top five spenders in the country in the last five or six years.

“They spend a fair amount every year and I think they’ll spend again to try to give the new manager a chance to go on and get in that top four and to win a trophy.”

Spurs Web Opinion 

Joe Lewis’ wealth is inconsequential as it has been well documented that Tottenham are a self-sustaining club, that only spends part of the revenue they earn. The owners have never claimed to invest their own money into helping improve the first-team.

Thankfully, we now have the infrastructure and the commercial potential to match the revenue of the biggest clubs in Europe, which is why we can compete with almost any club in the transfer market.

The post Harry Redknapp explains what people do not realise about Tottenham’s owners appeared first on Spurs Web - Tottenham Hotspur Football News.

The journalist claimed the final decision will be up to Daniel Levy, but he is expected to decide to part ways with Conte.

Despite this, internal talks continue and Conte has not yet been informed of any potential sacking.

Tottenham internal discussion continue while Antonio Conte has not received an official/final communication as of now #THFC

Daniel Levy has final say, expected to decide to part ways with Conte — still waiting for more talks in next 24/48h before final steps of the process. pic.twitter.com/sGz34KcJIz

— Fabrizio Romano (@FabrizioRomano) March 20, 2023

Understandably, multiple reports over the last 24 hours (Daily Mail and Guardian) have claimed that Conte has lost a portion of the Tottenham dressing room with his rant on Saturday and that some players have grown tired of the Italian’s public outbursts.

The Sun even suggested that some members of the squad would be happy to see the Italian leave immediately and that a few players do not expect him to be in charge for their next clash against Everton on April 3.

Alasdair Gold reported on Football.London on Sunday that Conte clarified to the Tottenham board that his recent outburst was aimed solely at the players. 

However, it remains to be seen whether Daniel Levy will still choose to pull the plug on the Conte project.

GLYN KIRK/AFP via Getty Images

Spurs Web Opinion

The majority of the Tottenham fan base wanted Conte to be appointed last year and supported the decision when Levy made it.

One cannot accuse the club of not backing Conte in the transfer market as there has been major surgery to the squad over the last three windows, with 11 new players arriving through the door and the club offloading all the players that the 53-year-old wanted to offload, even forgoing a transfer fee for the majority of them.

Yet, a section of the fan base are now convinced that Conte bears no responsibility for his failure and that it is all on the board, which is ridiculous. 

The post Fabrizio Romano provides update on Spurs decision to sack Conte or not appeared first on Spurs Web - Tottenham Hotspur Football News.

The Evening Standard reported this week that while Daniel Levy has had conversations with multiple prospective investors, he and Joe Lewis are undecided over whether they want to listen to offers for the whole club, sell a minority stake or remain in complete control.

Marc Atkins/Mark Leech/Getty Images

It emerged a couple of weeks ago that Iranian-American businessman, Jahm Najafi, is working with a consortium to prepare a £3.1 billion offer to buy Tottenham (The Financial Times).

Meanwhile, it was reported last month that Qatar Sports Investments, who own Paris Saint-Germain, held conversations with the North London club regarding buying a minority stake (The Athletic).

Journalist Ben Jacobs told GiveMeSport a couple of days ago that Lewis and Levy would want around £1.5bn more than the £2.3bn that Todd Boehly paid to acquire Chelsea last year.

When asked about the relative value of the two London clubs, Maguire has now told Football Insider: “While Spurs are not a bigger club than Chelsea in terms of sporting success, most of Chelsea’s success came through Roman Abramovich preparing to write off losses of £900,000-a-week for 19 years.

“In contrast, Spurs have future-proofed their revenue streams through the move to the new stadium and this will give them a competitive advantage over Chelsea moving forwards.

“They should be able to generate £40-50m matchday revenues in excess of what their rivals produce. If that leads to greater participation in the Champions League then those monies can be increased even further.

“While Spurs are probably behind Chelsea in terms of commercial appeal globally, it does give the club an opportunity to grow and I think this is reflected in the value.

“Anyone taking over Chelsea knew there were significant infrastructure costs attached to Stamford Bridge but any investors looking at purchasing Tottenham are gifted with a new multi-functional stadium.”

Spurs Web Opinion

The revenue-generating potential of the Tottenham Hotspur Stadium is bound to increase over the coming years as it becomes more popular as one of the best venues in London for concerts and sporting events. That will certainly be factored into the valuation of the club.

The post Financial expert explains why Spurs may be valued at more than Chelsea appeared first on Spurs Web - Tottenham Hotspur Football News.

Over the last two weeks, multiple publications have suggested that Iranian-American businessman, Jahm Najafi, is working with a consortium to prepare a £3.1 billion offer to buy Tottenham (The Financial Times).

GLYN KIRK/AFP via Getty Images

While such an offer is seemingly yet to arrive, some sources have suggested that the bid would be rejected as it falls short of Joe Lewis’ £4bn-£4.5bn valuation of Spurs (Daily Mail).

Last month, it was reported that Qatar Sports Investments, who own Paris Saint-Germain, held conversations with the North London club regarding buying a minority stake (The Athletic).

The Evening Standard reported this week that while Daniel Levy has had conversations with multiple prospective investors, he and Lewis are undecided over whether they want to listen to offers for the whole club, sell a minority stake or remain in complete control.

Jacobs believes that it will take a bid of at least £4bn to tempt the Spurs owners, given the price that Todd Boehly recently paid for Chelsea.

The journalist told GiveMeSport: “With Newcastle having PIF and Manchester United seemingly on route for new full ownership, whilst Liverpool could potentially be having some form of investment, Spurs may well choose to keep pace.

“I think that it’s a stick-or-twist moment in the market for a lot of these clubs. Spurs are in a very healthy position because they’ve got a wonderful, still relatively new stadium that brings in non-football business.

“They’re a London club and they’ve got a great fan base and a rich tradition. So, if Chelsea was £2.3bn, you can understand why Tottenham would see themselves as more than that, potentially £1.5bn more than that.

“That may be the sort of ballpark valuation that Joe Lewis might be intrigued by if an offer is made that high.”

Spurs Web Opinion

Spurs fans who desperately want ENIC out should not get their hopes up about a quick sale. Given the numbers being discussed, negotiations will likely be extremely slow and thorough.

Levy and Lewis will also be prepared to wait for a year or two in order to get as close to their valuation as possible.

The post Journalist predicts how much Joe Lewis will value Tottenham at right now appeared first on Spurs Web - Tottenham Hotspur Football News.

The Financial Times reported on Wednesday that Najafi, who is chair of MSP Sports Capital, is working with a consortium to prepare the structure of a huge bid to takeover Tottenham.

Marc Atkins/Mark Leech/Getty Images

The report revealed that Najafi and MSP would put forward 70 per cent of the capital while others, including backers from Abu Dhabi, would contribute the remaining 30 per cent.

It was further explained that the total bid of £3.1bn for the club is expected to consist of the club’s equity being valued at approximately £2.5bn, before adding about £610m of the club’s current debts.

Jordan believes that MSP Sports Capital would have to offer around £3bn without any debt for Levy and Joe Lewis to even consider starting negotiations.

When asked about the reported offer, the former Crystal Palace owner told talkSPORT: “This [bid] wouldn’t get them in the side door.

“I believe everybody has their price. I think there’s an underlying scenario with [Tottenham chairman] Daniel [Levy] that there’s more to do, lots more to do and this is the beginning of something, not the end of it.

“If somebody wants to come in and break their shoulders off with a ridiculous offer – I think £3bn is pretty propelling.

“I assume that £3bn minus any debt was going to be the position. I didn’t think they’d go for £3bn and have to pay off a debt they’ve got on the stadium so they’d walk out with £2bn. There is no traction in this.”

Spurs Web Opinion

Spurs fans who are hoping for a quick sale should not get their hopes up as Levy and Lewis will likely want to talk to many potential suitors as possible to get as close to their valuation as possible.

Levy also would not want the club to be saddled with even more debt (like Man Utd were when the Glazers took over the club) as that would risk undoing the good work he has done off the pitch to make the club one of the biggest economic forces in European football.

The post Ex-Premier League club owner predicts price ENIC and Levy would sell Spurs for appeared first on Spurs Web - Tottenham Hotspur Football News.

The Financial Times reported earlier today that Najafi, who is chair of MSP Sports Capital, is working with a consortium to prepare the structure of a huge bid to takeover Tottenham.

The report revealed that Najafi and MSP would put forward 70 per cent of the capital while others, including backers from Abu Dhabi and other Gulf areas, would contribute the remaining 30 per cent.

However, The Mail have now revealed that the anticipated £3.1bn offer is expected to be turned down as it will fall short of the valuations of Lewis and Daniel Levy.

It is explained that Lewis values the North London club between £4bn-£4.5bn, with some sources reportedly describing a proposed sale at £3.1bn as ‘impossible’.

However, the publication adds that it is a ‘well-known secret’ that Lewis is now open to selling Spurs and that Levy has welcomed a number of potential buyers to the Tottenham Hotspur Stadium over recent months.

(Photo by Tottenham Hotspur FC/Tottenham Hotspur FC via Getty Images)

MSP have previously bought a 15% stake in Formula 1 team McLaren for £185m in December 2020 and also own shares in Spanish side Alcorcón, Belgian club Beveren and FC Augsburg in Germany.

Qatar Sports Investments are also said to have held exploratory meetings with Daniel Levy last month over purchasing a minority stake in the Premier League outfit (CBS).

Spurs Web Opinion

If MSP Sports Capital are serious about their interest, perhaps this was just an exploratory opening offer and one can expect them to come in with an improved bid if this is turned down.

However, I do not think Lewis and Levy will be in a hurry to accept any amount lower than their valuation as they know that the club will only become more lucrative to potential investors as the stadium’s earning potential continues to get maximised over the coming years.

The post Report: Joe Lewis’ stance amid Jahm Najafi’s expected takeover bid of Spurs appeared first on Spurs Web - Tottenham Hotspur Football News.

It first emerged at the start of this week that QSI chairman Nasser Al-Khelaifi had met with Daniel Levy to discuss buying a minority stake in Tottenham (CBS Sports).

GLYN KIRK/AFP via Getty Images

Multiple outlets have since carried the same report, with The Telegraph revealing on Tuesday that QSI are exploring an offer under £1 billion for a 25 per cent stake in the club.

The report explained that the restrictions in place on European football would prevent the consortium from owning anything more than a non-controlling stake in Spurs since they already own Paris Saint-Germain.

The same information has now been reported by The Mail, who go on to suggest that Al-Khelaifi’s talks with Levy are not likely to lead to anything concrete.

This is because Tottenham owner Joe Lewis is said to prefer a full sale of Tottenham, with the Bahamas-based billionaire thought to be seeking an exit strategy 23 years on from ENIC’s acquisition of the North London club.

Spurs Web Opinion 

It has been clear for a couple of years now that Tottenham are for sale at the right price. However, it might well take another few years for the club to attract a bid that meets ENIC’s valuation.  Given the huge fee that Chelsea fetched recently, Joe Lewis and Daniel Levy might not settle for £3-£4 billion, given the infrastructure that is now in place at the club.

The post Report: Qatar investment unlikely as Joe Lewis prefers full sale of Tottenham appeared first on Spurs Web - Tottenham Hotspur Football News.

Since CBS Sports first broke the report on Sunday that the QSI chairman Nasser Al-Khelaifi met with Daniel Levy to discuss buying minority stakes in Tottenham, the news regarding a possible investment has dominated the headlines.

Marc Atkins/Mark Leech/Getty Images

Football.London’s Alasdair Gold revealed on Monday that Levy and Al-Khelaifi are good friends and that a potential investment into Tottenham was just one of many topics that the duo discussed when they met.

The Telegraph’s Matt Law subsequently revealed that QSI could make an offer under £1 billion for a 25 per cent stake in Tottenham Hotspur.

Both Gold and Law explained that the restrictions in place in European football would prevent QSI from owning anything more than a non-controlling stake in any other club since they already own Paris Saint-Germain.

However, Jordan has now opined that the PSG owners may find it more appealing to invest into Liverpool than Tottenham, given the prices being reported for the North London club.

The former Crystal Palace owner told talkSPORT regarding QSI’s rumoured interest in Spurs: “It depends on the price. If you put £1 billion down on Tottenham and value them at £ 4 billion, then I don’t think that makes them particularly more appealing than Liverpool.

“The price break would make them more appealing. I find it curious to understand why Qatar would want to own a minority stake in Tottenham. 

“I would think there’s either legislative positions that would prevent them from doing more than that or maybe that this is a spate to catch a mackerel. They’ve got plenty of money and they don’t need to be minority shareholders in any football club.

“That [a full buyout] would probably be the likely outcome. I think there’s a point that Joe Lewis will say ‘that’s enough for me thank you very much’. If there’s enough money on the table then I’m sure that will come. 

“Whether that leaves Daniel Levy in situ or not is another discussion. Tottenham as a football club have got all their ducks in a line, except on the pitch.

“Commercially, they produce the best outcomes in football a few years ago with the biggest profitability ever seen by a Premier League football club, and I think football full stop, at £130m.

“They’ve built a phenomenal stadium. Okay, there’s some debt against that but it’s the cheapest debt you can get as Daniel got it from the Covid relief scheme to get some money into the building along with the NFL money.”

Spurs Web Opinion 

There is evidently legislation that does not allow the same owners to hold majority stakes in multiple European clubs due to potential conflict of interest, and it is quite surprising that Jordan is not aware of it. 

The 55-year-old also contradicts himself by first stating that investing in Liverpool might be more lucrative for QSI than investing in Spurs, before going into the reasons why Tottenham are more profitable than any other European club.

Clearly, the infrastructure in place at the North London club and the earning potential of the stadium, makes the club an attractive prospect for investors despite the likes of Man Utd and Liverpool being bigger global brands.

The post Simon Jordan is confused why QSI would want a minority stake in Tottenham appeared first on Spurs Web - Tottenham Hotspur Football News.