Tottenham rejects takeover offers and insists club is not for sale

In London, Tottenham Hotspur recently made an assertive declaration regarding its ownership status, emphatically stating that the club is not up for sale. This announcement followed the rejection of two separate preliminary expressions of interest for a potential takeover. One of these interests originated from PCP International Finance Limited, an investment firm led by Amanda Staveley, who was involved in Newcastle's buyout in 2021, primarily funded by the Saudi Arabian Public Investment Fund. The second proposal came from a consortium of investors spearheaded by Roger Kennedy and Wing-Fai Ng through their investment company, Firehawk Holdings Limited. The Tottenham board clarified in its official statement that both inquiries were unequivocally declined, reinforcing their stance that the club remains under the control of its current ownership. The board also highlighted that the ownership and shareholder structure of the club would not change, despite recent upheavals following the unexpected departure of long-term chairman Daniel Levy. Known as a controversial figure, Levy held a significant influence over the club's operations and decisions throughout his nearly 25-year tenure, making him the longest-serving chairman in the Premier League. His resignation has likely raised concerns about the club's direction moving forward. Tottenham Hotspur is currently participating in the Champions League after having recently claimed the Europa League title in May, marking the club's first trophy in 17 years. This success, coupled with the uncertainty surrounding the board's changes, places added scrutiny on the future trajectory of the club. The Tottenham board remains firm in its declaration that ENIC, the parent company holding around a 30% stake, does not intend to entertain any offers to acquire its interests in the club, assuring fans and stakeholders that their vision for the club's future remains unchanged.