As people begin to speculate about a Tottenham Hotspur takeover again, journalist Tom Barclay has explained why he thinks the interest from Qatari investment groups came to nothing earlier this year.
Daniel Levy is the longest-serving chairman in the Premier League, having taken on the role as part of the ENIC group’s ownership of the club back in 2001.
There has been fairly intense pressure on Levy and ENIC over the last couple of years, with fans seriously questioning the ambition of the owners.
While on-field success has been hard to come by, for whatever reason, the club has become a commercial behemoth. The development of the Tottenham Hotspur Stadium has helped to increase revenue for the club dramatically over the last few years.
With something of a new era underway at Spurs since the arrival of Ange Postecoglou, there is renewed optimism that success could be just around the corner. Whether Levy is there to see that, however, is a different matter.
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Why didn’t QSI buy Tottenham?
Levy recently spoke to Bloomberg about where he stands when it comes to the idea of selling the club, or at least a big stake in the club.
Despite reported interest from Qatari investors like Nasser Al-Khelaifi in the past, nothing came to fruition. Now, Tom Barclay has revealed why that may be.
He told The Hotspur Way podcast: “[Levy] specifically said he doesn’t want to leave, so I think it’s fair to infer he would be open to selling a minority stake rather than a full takeover.
“The fact that, for example, Qatari Sports Investments were looking last January, but it was too expensive was generally what the feeling was, so they moved onto other opportunities, suggests [Levy and ENIC] weren’t really open to selling it unless they got an astronomical offer.”
Spurs Web Opinion
Like it or not, I reckon we are stuck with Levy for a good few years yet. It would take a big offer to get him to move on, and I just don’t see that coming any time soon.
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