Tottenham takeover news as the Man United story continues, according to reports that Qatari tycoon Sheikh Jassim bin Hamad Al Thani may attempt to make an offer for Spurs if he is fails in his bid to buy Manchester United.
Tottenham Hotspur fans will be keeping a close eye on the takeover scenario at Manchester United.
Qatari millionaire Sheikh Jassim bin Hamad Al Thani wants to acquire United through his Nine Two Foundation organization, while INEOS owner Sir Jim Ratcliffe is also interested. The lengthy nature of the takeover has stretched on for so long that Red Devils fans are concerned that their club will not be taken out of the hands of the Glazers, who have owned the club since 2005 and are profoundly unpopular guardians of the Old Trafford side.
Whether or whether Sheikh Jassim‘s bid is successful, it might have an impact on Spurs. If United is backed by Qatari money, Erik ten Hag may be granted the funds to launch a play for Harry Kane, despite United’s present determination not to overpay.
Meanwhile, writer Mark Ogden stated that the Qataris may acquire Spurs if they are unable to buy United. Here’s the most recent Tottenham takeover speculation…
Tottenham Hotspur might be on Sheikh Jassim‘s radar if he misses out on Manchester United, according to reports. Sheikh Jassim announced his intention to purchase the 19-time Premier League champions in February before launching a world-record proposal of more than £5 billion.
Seven months after the Glazers announced their desire to ‘examine strategic alternatives for the club,’ talks are still underway. According to ESPN journalist Mark Ogden, Sheikh Jassim and his entourage have identified Tottenham Hotspur as a possible destination.
“They want a Premier League footprint,” Ogden said to The United Stand. “Someone recently told me that if the Qataris do not buy Manchester United, they will return and may end up buying Tottenham.”He said, well, if Abu Dhabi owns Manchester City, Saudi Arabia owns Newcastle, and Qataris perhaps purchase Tottenham, you’ve got three clubs that can pull away.
What has already been said
The Financial Times reported in February that MSP Sports Capital CEO Jahm Najafi was’set to launch’ a $3.75 billion (£3 billion) bid for Tottenham. With Najafi as chairman of MSP Sports Capital, he would spearhead an approach for the club, but finance would also come from a syndicate of other investors.
Other investors were said to come from the Middle East, with MSP giving 70% of the funding for the transaction. Spurs are now owned by ENIC Group, which owns 85% of the club, alongside partners Levy and Joe Lewis.
During a discussion at the Cambridge Union in April, Levy broke his quiet on a possible takeover. “ENIC owns approximately 87% of the club, and we have 30,000 shareholders, the majority of whom are fans,” he explained.
“We have a responsibility to consider any proposal that anyone makes.”All I can tell is that we are not in discussions with anyone and have not been in recent months.”