Money Matter$

Tottenham could be sold “by the end of the week”

Two buyers lined up for top flight’s worst performing club

No one needs to remind Spurs that their season-opening form is their worst in over half a century (although it’s quite funny to do so), but their strength on the pitch is far exceeded by their strength in the financial market: the club are said to be close to selling up to one of two buyers, who are interested taking over the profitable and successful business chairman Daniel Levy has created.

The club constantly deny a sale is on the cards, but today’s Guardian says a billionaire from the Far East could take the reins by the end of the week if a reasonable price is agreed and ‘super-agent’ Pini Zahavi can broker a deal.

BBC columnist Mihir Bose reports that Levy and the board believe an acceptable price would be around £400m, and that a British consortium is also in the running.

Joe Lewis, owner of 82 per cent of the club, lost around £400m when Bear Stearns went down the pan, and may be looking to recoup the loss by selling. He shouldn’t find the task as difficult as the one Mike Ashley faces, as Tottenham are in pretty good financial shape:

The club are about to announce very good set of results for the year ending in June. This could see profits climb to about £30m and turnover rise to £115m, with the increases due to Spurs’ Carling Cup victory and higher income from the new Sky-Setanta Premier League television deal. In addition, plans are well advanced for a new, redeveloped stadium at White Hart Lane.

Elsewhere, Keith Harris (the former Football League chairman rumoured to be touting a buyer for Manchester Utd) has been employed by Everton, who would ‘sell tomorrow’ if an interested party took advantage of their ‘open door policy’.

In the near future, it appears that Asia will hold much more of an interest in the Premier League than the blue side of Manchester.


12 responses so far
  • Spurs est 1882* // October 1, 2008 at 12:32 pm

    We are finally into the final stages of selling our national identitiy. If the UK has it, its for sale to the highest bidder, who ever that may be. Sooner or later we will be out sourcing the military, people could buy the crown.

  • Me // October 1, 2008 at 12:57 pm

    Dont you mean Sundays Guardian you punch of pr**ks

  • Reinhold Messner // October 1, 2008 at 1:33 pm

    Sunday’s Guardian is called The Observer, and it’s in today’s (Wednesday’s) Guardian.

  • HOPEFULLY // October 1, 2008 at 1:52 pm

    SPURS EST 1882 I HOPE THEY DO BUY THE CROWN ITS NOT THE ROYALS ANYWAY.AND I HAVE FINGERS CROSSE D THIS DEAL GOES THROUGH HOPEFULLY DANIEL LEVYS HUSBAND(COMMOLI WILL GO TO.I GIVE LEVY CREDIT FOR KEEPING THE CLUBS BUSINESS IN GOOD SHAPE.BUT WE ARE IN A CONSTANT CYCLE AND NEED CHANGE.

  • Bacardi Breezer // October 1, 2008 at 2:00 pm

    good news!!! i hope they sell up to anybody just so long as the fuck off!!!! levy and comolli a pair of pricks!!!!!!!!!!!!!!1

  • HoxtonBoy // October 1, 2008 at 3:32 pm

    Not as bad as Irving Scholar and the other idiots who bankrupted the club in the 80s – from which we have never fully recovered.

  • Leroy Dexter. // October 1, 2008 at 4:23 pm

    Well done HoxtonBoy, someone with good knowledge of our club. Do you remember Scholar’s “Pony” kit?

  • Ginger Spur // October 1, 2008 at 4:52 pm

    Leroy – saw it in a pub again the other day – what idiot thought that having Pony written across our shirt was doing us any favours – idiots man.

  • doccas // October 1, 2008 at 5:15 pm

    Go On Sol

    Im a Spur’s fan but want to seperate myself from the shameful abuse you have recieved. Please make a stand and let these scum bags know there is no excuse for the disgraceful scenes on Sunday.
    I don’t appreciate what you did in going to our fierce rivals for nothing, but its football and I dont blame you for wanting to leave – if it weren’t for you we would have been relegated in at least 2 seasons, you were our back-4 and taught Ledley well……. I still believe you are one of the best players i have seen playing for Spurs and actually believe you never played better for club or country than you did when you played for us. i have to accept you deserve to have scored in a champions league final and you would never have done that with us. Just a shame it was Arsenal. I wished you went to Real Madrid the year before for £10m and you’d still be a hero and could now be at the back with Ledley.

    Good Luck Sol, you dont deserve the level of abuse you’ve recieved.

    RESPECT

  • leso // October 1, 2008 at 7:21 pm

    I was not there, so i could’nt join in. I will respect the dodo if he pays back the money he robbed off the club, should be earning him a fortune in his portfolio!!

  • sol is a cunt // October 1, 2008 at 11:08 pm

    doscas your a cunt
    and sol is a cunt

    go fuck each other

  • Kevin Keegan has met with three consortiums and will return to Newcastle | The Spoiler // January 12, 2012 at 5:17 pm

    [...] A South African group are waiting to have £280m in staged payments accepted, while the Nigerians have offered to put £200m upfront. There is also a third unnamed consortium, who could possibly be the group of Brits currently sniffing around White Hart Lane. [...]

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