Tottenham Is Not For Sale Amidst £3.1 Billion Takeover Saga

Tottenham Hotspur’s owners are committed to their long-term objectives and have no plans to sell the Premier League Side amidst £3.1 billion takeover speculations.

Reports in England went viral earlier on Wednesday claiming that billionaire Jahm Najafi intends to pay at least £3.1 billion to purchase Tottenham Hotspur before the end of this year.

The Iranian-born American businessman, Najafi hasn’t tried to get in touch with anyone at Tottenham yet but it has already sparked mixed reactions across England, especially amidst Spurs’ fans.

According to The Financial Times, Najafi is working with a group of investors to put together an offer for the London-based team. Najafi is the chairman of the sports investment company MSP Sports Capital which is said to be the backbone of the takeover move.

According to reports, Najafi won’t approach Tottenham owner Joe Lewis or Spurs chairman Daniel Levy for now until he sees enough green light.

Najafi is popular in America’s sports world as the part-owner of the NBA team Phoenix Suns.

Tottenham is currently positioned fifth in the Premier League. They lost the first leg of their round of 16 Champions League match 1-0 in AC Milan on Tuesday.

Since April 2019, the Premier League side has been using the £1 billion, 63,000-seat Tottenham Hotspur stadium as its home ground.