' Premier League Club For Sale £1 Billion '

' Premier League Club For Sale £1 Billion '


Tottenham up for sale but owner Joe Lewis wants a massive £1 BILLION for the club
Thurs Sep 11, 2014

By Darren Lewis

The 77-year-old businessman is ready to cash in on £22m investment he made in 2001 but has received no interest with Spurs still Champions League outsiders

Joe Lewis stands to make a massive profit after buying Spurs for £22m
Spurs owner Joe Lewis is ready to sell the club.

The 77-year-old businessman has been ready to cash in on his investment for some time and now wants a staggering £1billion for the north Londoners.

There has so far been no interest as any potential buyers will need to assume the financial burden of the club’s new stadium - said to be around £400million.

But it is felt any takers would benefit from the increased revenue generated by the 56,000-seater venue, income from naming rights and TV cash.

Self-made billionaire Lewis controls ENIC International Ltd, which bought a controlling stake in Spurs from Alan Sugar back in 2001 for around £22million.

Tottenham insisted on Wednesday night there are no plans to relinquish control, but Mirror Sport understands the club are desperate for new boss Mauricio Pochettino to lead them back into the Champions League to increase the appeal to fresh investors.

Spurs revealed a fresh stumbling block earlier in the day relating to their stadium plans, as they now face having to play all of their home matches away from White Hart Lane for one season.


Tottenham Hotspur FC

To dare is to do... eventually: Spurs' 56,000-seat new home is being delayed by legal issues
A legal wrangle has left them “highly unlikely” to move into their new arena in time for the 2017-18 season.

Plans for the 56,250-capacity ground, to be built next to the current stadium, are being challenged by the landowners.

In a statement, Spurs said: “The club has revised its construction programme in order to take the shortest possible time to construct.

“This now therefore involves the club moving away from the Lane during construction for a period of one season, to start at the beginning of a season in order to comply with Premier League rules.

“We are currently undertaking due diligence on alternative stadium options.”

Joe Lewis willing to sell Spurs, but only for staggering sum
By Ryan Rosenblatt

Sep 11 2014



Tottenham Hotspur are up for sale, according to the Mirror. But any sale will not come cheap. Owner Joe Lewis has placed a £1 billion price tag on the club.

It is no surprise that Lewis may be looking to sell. He is 77 years old and was not in the football business because he loved the sport so much and wanted to see Tottenham rise to greatness. It was always an investment for Lewis, and it's been a magnificent investment for him. The Englishman bought the club for £22 million in 2001 andhe very well could make a £900 million profit on Tottenham.

The report indicates that Lewis has been open to a sale for years, but it has been at that £1 billion price tag. The Premier League's new TV deal makes that number more realistic and it wouldn't be a surprise if eventually someone stumped up the money to buy the team at that figure. To this point, nobody has.

It will be tough for Lewis to sell the team for £1 billion right now. Spurs are on the outside looking in when it comes to the Champions League, meaning they don't have that income, nor is it likely that they will anytime soon. Tottenham don't have the money to compete with the Premier League's top five -- look at their wage bills for proof -- but their new stadium could change that.

And that new stadium could hold the key to any change in Spurs' ownership. If Tottenham actually get the go-ahead on the new stadium and the construction is underway, any prospective new owner will be buying into a club that has much greater potential, and that potential will be real instead of possible. It changes the club's future revenue streams, financial growth and ability to compete in the league, as well as Europe.

Of course, this is assuming the Mirror's report is true. There is no indication that it is, but then again, there is no indication that it isn't. Regardless, odds are that Spurs will be up for sale in the near future, if not now. It makes sense that Lewis would look to sell, and a £1 billion price tag makes sense for an owner that has a club that could take off, but doesn't have any reason to sell immediately.

I will give him £3,and some baby milk formula for them.

Make em build a new ground first white Hart Lane is a shed u have stand there yr knees r up under yr chin .
That said £5 and that's cause they had Bale

Tottenham release statement denying takeover discussions, working with Rothschild on stadium plan

Thurs 11/09/2014

Today’s Mirror reported that Tottenham owner Joe Lewis is putting the club up for sale at £1 billion , and is ready to listen to offers.

Tottenham have now released an official club statement, rubbishing that story, insisting there are no takeover plans in place, and that the club’s primary aim right now is sorting its stadium plan, appointing finanical group Rothschild to that end:

”The stadium redevelopment plans are a significant part of the future for both our club and the local area and represent a complex infrastructure project that requires funding.

This substantial construction project requires discussion with multiple providers of finance so that the optimum financing package can be achieved.

To this end, we have appointed Rothschild to advise us on those options.

Accordingly, we are at a stage where we are starting to engage with a number of financing institutions and potential funders in respect of the new stadium development project.

Contrary to recent press speculation, neither the Club, nor its majority shareholder, are in any takeover discussions and the focus of the club is fully on delivering the new stadium project.”