Influential A Tottenham fan may approve the acquisition of Spurs if Daniel Levy reduces the asking price from £3.75 billion.
Tottenham had the opportunity to secure only their second trophy of the ENIC era, but they were also able to finish one place above the relegation zone this season. In many respects, this exemplifies the duality of Tottenham’s ownership. Despite the fact that Daniel Levy and the
English National Investment Company (ENIC) perform certain tasks exceptionally well, they also perform others poorly. That is the reason there are numerous swing electors who have expressed their opinions on the club’s management since Alan Sugar’s takeover in 20011. Tottenham has not achieved any success in 17 years; however, they continue to garner admiration from the football finance community for their sustainable business strategy and the commercial expansion of the club.
Spurs’ proprietors have for the first time in recent years contributed funds to the club in order to cover expenses. Share issues have been implemented by ENIC since 2022, resulting in an injection of £132.5m. Meanwhile, the operating losses have amounted to £126m over the past two years, which
is approximately mid-table in the Premier League, where the majority of clubs experience financial losses. However, the accounts are intricate, and the £126 million figure appears significantly more favorable when depreciation on the stadium is excluded. Although depreciation is a non-cash expense, it impacts the balance sheet at approximately £70 million per season.
During the previous season, they expended approximately £95 million more than they earned throughout the business, despite the absence of lucrative European football. In summary, the fundamental figures are sound; however, the football department is failing the team in terms of both commerce and pride.
That is why Levy’s pursuit of new investment in Spurs could result in the club becoming a genuine contender. A Spurs supporter is the new football regulator who has the authority to prevent the takeover of Tottenham. Spurs have been officially on the market since April of last year,
when Daniel Levy announced intentions for new investment in a statement that introduced the club’s accounts. The search for investment was not addressed in the accounts of this year. Nevertheless, it is not believed that this represents a U-turn from ENIC, as they have been privately seeking purchasers for significantly longer than one year. Qatari sovereign wealth, private equity funds, and
NFL franchise proprietors are among the individuals who have been associated with a full or partial takeover of Tottenham. Amanda Staveley, a Newcastle United legend, was reported to have raised approximately £500 million and was interested in investing in Spurs last year. This indicates that a minority transaction is more probable.
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