Tottenham Hotspur denies takeover bid by Mark Zuckerberg

Football fans across the globe that were roiled or enthused by reports of a Mark Zuckerberg backed company buying Tottenham  Hotspurs need to relax as the club has repudiated any such claims and said that there is no imminent takeover that is going to place.

Reports have suggested American investment company Iconiq Capital are interested in the club and even suggested a £1billion bid was in the offing and Spurs owner Joe Lewis is understood to be holding out for a fee of around £2bn for Spurs, which would be double the offer on the table from Iconiq Capital but the club who is in a phase of building a new home for themselves have indicated that the north London outfit is not for sale and remains to embark on the path of progress for the coming years.

Statements issued by the club: “The club engaged Rothschild to secure the funding for the new stadium. As expected, many proposals came forward including bank debt and equity investment.

“The club announced on 31 May 2017 the completion of the bank debt financing for the new stadium with a consortium of banks involving Bank of America Merrill Lynch International Limited, Goldman Sachs Bank USA and HSBC Bank plc.

“The Board believes this was the optimum solution in the interests of fans, employees and shareholders and for the continued development of the club.

“The Board is not in any discussions relating to a takeover offer for the club.”

Following the cash influx to the Premier League as a result of the latest broadcast rights deal with Sky and BT foreign buyers have become more attracted to the lucrative sums potentially on offer. The Iranian tycoon Farhad Moshiri bought a substantial stake in Everton in 2016 and takeover speculation continues to be the talk of Toffees fans with the 62-year-old worth a reported £2.6bn.

 

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