Tottenham Hotspur Ownership Update
A bid to acquire Tottenham Hotspur, spearheaded by American entrepreneur Brooklyn Earick, has been firmly dismissed by the club’s majority owners, ENIC. Reports surfaced late Thursday through The Sun indicating that Earick initiated a £4.5 billion ($6 billion) offer to take over the Premier League team. However, ENIC, which governs the club via the Lewis family trust, has reiterated that Tottenham is “not for sale.”
Previous Acquisition Attempts
Earlier this month, ENIC also turned down approaches from Amanda Staveley’s PCP International Finance and a consortium led by Dr. Roger Kennedy and Wing-Fai Ng associated with Firehawk Holdings Limited. A spokesman for the Lewis family reaffirmed to the PA news agency that the club remains off the market, emphasizing the trust’s commitment to the franchise’s success.
Ownership Structure and Regulations
The ownership structure of Tottenham means that although ENIC holds an 87% stake, the remaining shares are publicly traded, thus subjecting the club to the UK Takeover Code. This regulation mandates that any acquisition offers or interests be formally submitted and announced.
Official Rejection of Bid
In an official communication to the London Stock Exchange on Friday, Tottenham’s board confirmed that they had received and significantly rejected the informal bid from Earick’s consortium. The statement reiterated that ENIC has no intentions of selling its stake in the club.
Details of the Proposed Takeover
The Sun also reported that Earick, who previously attempted to acquire the Maserati team in Formula E, was prepared to launch a takeover bid that included £3.3 billion from partners in the NFL and NBA, along with an additional £1.2 billion earmarked for player transfers to support the new manager, Thomas Frank. If this acquisition had been realized, it would surpass Todd Boehly’s £4.25 billion purchase of Chelsea in 2022.
Future Leadership and Stability
Recently, the Lewis family trust has pushed for a change in leadership within the club, specifically calling for chairman Daniel Levy to resign after 24 years, as they seek to enhance competitiveness. Although Levy disclosed last year that discussions were taking place with potential investors for a minority stake, speculations regarding Qatar Sports Investments have been denied.
As Tottenham aims for improved performance on the field, sources close to the Lewis family revealed they remain uninterested in unsolicited offers, emphasizing their dedication to the team’s success and the stability of leadership under the new non-executive chairman Peter Charrington, chief executive Vinai Venkatesham, and coach Frank, appointed in 2025.
