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Tottenham Hotspur deny their owner Joe Lewis has put club up for sale Tottenham deny club is for sale despite reported interest from US investors
(about 9 hours later)
Tottenham Hotspur have denied a report that their owner, Joe Lewis, has put the club up for sale. Tottenham Hotspur have denied a report that their owner, Joe Lewis, has put the club up for sale but they have reportedly received a preliminary inquiry from the US private investment company Cain Hoy.
A newspaper report claimed that Lewis, who bought the club 13 years ago for £22m, was looking for investors willing to pay a £1bn price, but Spurs insisted there were no plans to change ownership. The club said its current commercial priority was developing a new stadium at White Hart Lane. According to the Daily Telegraph, Cain Hoy’s head of European investment, Jonathan Goldstein, has registered an interest in submitting a takeover bid on behalf of a number of American businessmen.
A club statement read: “Contrary to recent press speculation, neither the club, nor its majority shareholder, are in any takeover discussions and the focus of the club is fully on delivering the new stadium project. There had been claims that Lewis, who bought the club 13 years ago for £22m, was looking for investors willing to pay a £1bn price but Spurs insisted there were no plans to change ownership.
“Accordingly, we are at a stage where we are starting to engage with a number of financing institutions and potential funders in respect of the new stadium development project.” The club said the commercial priority was developing a new stadium at White Hart Lane. “Contrary to recent press speculation, neither the club, nor its majority shareholder, are in any takeover discussions and the focus of the club is fully on delivering the new stadium project,” a spokesperson said.
Spurs intend to have a new stadium on the current site ready for the 2018-19 season and will have to play the previous season away from White Hart Lane. Suggested alternative venues include Wembley, Stadium MK and even Arsenal’s Emirates Stadium. “Accordingly, we are at a stage where we are starting to engage with a number of financing institutions and potential funders in respect of the stadium development project.”
“Every single decision that the club makes is to improve the club and give better solutions or facilities to our supporters,” their manager Mauricio Pochettino said. “So I always back these decisions.” Spurs intend to have a new stadium on the current site ready for the 2018-19 season and will have to play the previous season away from White Hart Lane. Suggested alternative venues include Milton Keynes, Wembley and even Arsenal’s Emirates Stadium. “Every single decision that the club makes is to improve the club and give better solutions or facilities to our supporters,” their manager, Mauricio Pochettino, said. “So I always back these decisions.”