Tottenham’s majority owners ENIC will only consider selling a stake in the club at a valuation of around £4.5billion, sources have told Football Insider.

Tottenham have been the subject of intense takeover speculation since it was confirmed former executive chairman Daniel Levy had left the club on 4 September.

The Sun reported on 25 September that a US consortium led by tech entrepreneur Brooklyn Earick had launched a world record £4.5bn bid to buy Spurs, with the proposal including £3.3bn to purchase the club and £1.2bn to be set aside for Thomas Frank‘s player budget.

Tottenham responded to the takeover approach after releasing a statement on 26 September, insisting they have “unequivocally rejected” an informal expression of interest from the US consortium.

Sources say Tottenham’s owners would only be open to offers that value the club at up to £4.5bn, while the profile of any potential investor is also believed to be an important factor.

Tottenham takeover stance revealed after behind-the-scenes move

ENIC owns an 86.91 per cent stake in Tottenham, while Levy and members of his family hold a 29.88 per cent share in the British investment company, and Joe Lewis’s family trust own the remaining 70.12 per cent.

Tottenham’s owners have made their stance clear about a full takeover after The Athletic reported on Tuesday (30 September) the club have now ended their relationship with Rothschild.

A club spokesperson told the news outlet: “We’re grateful for the support of Rothschild in recent years. However, given the club is not for sale, we mutually agreed there is no longer a role for them and have mutually ended the mandate.”

However, it is understood a minor stake in Spurs could still be available if the right offer – and investor – were to come along.

Tottenham owners could be open to interesting deal

Football Insider revealed on 26 September Tottenham’s owners could be open to a deal that would see the owner of an NFL franchise invest in the club.

Spurs’ existing contract with the NFL is understood to be an important element for potential investors, with a minimum of two games played at the Tottenham Hotspur Stadium each year.

The first NFL game was held at the 62,850-capacity facility when the Chicago Bears took on the Oakland Raiders in October 2019 – just months after it opened.

Meanwhile, high-profile concerts have also been held at the stadium in recent years, providing the club’s coffers with a significant boost.

Tottenham are in a strong position financially after posting a turnover of £528million in their latest published accounts for 2023-24, with their commercial revenue standing at £255m.

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