Despite reports of a record-breaking £4.5 billion takeover bid for Tottenham Hotspur, the club's owners are yet to receive a new offer. The potential change in ownership comes after Daniel Levy stepped down as chairman after nearly 25 years in the role.
Former DJ and tech entrepreneur Brooklyn Earick is reportedly leading a 12-man consortium that has made an offer to acquire Tottenham Hotspur. According to reports, the consortium is prepared to pay £3.3 billion to buy the club from current owners ENIC and the Lewis family. An additional £1.2 billion would be allocated for player investments.
The landscape of Spurs' ownership shifted when Daniel Levy's reign ended earlier this month. Levy’s departure was described as him "stepping back" from his role as Executive Chairman. It has been suggested that the ownership agreed to his departure believing that a change would lead to greater sporting success. Levy owns 29.88% of the share capital of ENIC, while the Lewis Family Trust owns around 70%.
The proposed new owners are reportedly prepared to set aside £1.2 billion for transfers, including wages, fees and agent payments, potentially coming into effect when the transfer window reopens. Earick has also purportedly lined up a £250 million stadium naming rights deal. The 41-year-old has assembled a consortium that includes investors from the NFL and NBA to support his vision for Tottenham.
However, ENIC and the Lewis family insist that the club is not for sale. Tottenham Hotspur previously rejected two takeover approaches after Levy's departure. The club made it clear that it was not for sale. The company "unequivocally rejected" two separate takeover proposals, one from PCP International Finance and another from Firehawk Holdings.
Forbes estimated Tottenham Hotspur Football Club to be worth over £2.5 billion. According to Forbes in May of this year, Spurs were valued at around $3.3 billion (£2.6 billion). Should the £4.5 billion offer be accepted, it would represent a record-breaking amount, exceeding the £4.25 billion paid for Chelsea in 2022. However, some reports suggest that Earick's consortium might be overpaying by nearly £2 billion.
Daniel Levy's departure as executive chairman marked the end of a 24-year era. During his tenure, Tottenham won two trophies: the 2008 League Cup and the 2025 Europa League. Levy oversaw Tottenham's establishment as one of the Premier League's "big six" and the construction of the new Tottenham Hotspur Stadium.
