Tottenham Hotspur says it is “in talks with potential investors” about selling parts of the club. The sale could value the club at more than £2 billion.
Spurs chairman and part-owner Daniel Levy had previously stated that the club would consider selling some shares. However, the club has now confirmed for the first time that talks with potential buyers have taken place.
Tottenham said in its 2022-23 financial results released today that new investment was needed to ensure further improvement and growth.
“In order to realize our long-term potential, continue to invest in the teams and carry out future investment projects, the club needs a significant increase in its equity base,” said Levy.
“The board and its advisers, Rothschild & Co, are in discussions with potential investors. Any recommended investment proposal would require the support of the club’s shareholders.”
Qatar Sports Investments, owner of Paris Saint-Germain, had previously expressed interest in acquiring a minority stake in Spurs.
It is believed that there have been talks with Levy – Tottenham deny this – but it is believed that his interest has not been pursued since the start of 2023.
The US appears to be a more likely source of investment for the Spurs, as they have strengthened their ties to American sports by hosting NFL games and a new Formula 1 karting facility.
Forbes magazine estimated Tottenham’s value at $2.8 billion (£2.2 billion) last year, while Sportico estimated the value even higher.
Tottenham owed £851.2 million in June 2023, largely due to the construction of the new stadium. Net debt rose by more than £50 million to £677.4 million.
By participating in the Champions League, the club achieved record sales of £549.6 million and increased operating profit to £138.7 million.
But losses rose to £86.8 million, which the club attributed to “significant and sustained investment in the squad”.
Players signed during this period included Richarlison, Cristian Romero and Yves Bissouma, among others. This does not include the proceeds from the sale of Harry Kane, which took place in 2023-24.
