CBS Sports reporter Ben Jacobs has suggested that Tottenham’s owners will believe that the club can fetch £1.5 billion more than Chelsea did, given the infrastructure in place.
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).
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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.”
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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.
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