£3.3billion takeover of Tottenham Hotspur launched with further £1.2billion set aside towards transfers

A US consortium has launched a £4.5billion takeover of Tottenham Hotspur to take ownership of the club from ENIC.

There has been change at Tottenham in recent weeks after Daniel Levy stepped down as chairman with the Lewis family deciding to move on the 63-year-old, who had been in charge of the North London club for close to 25 years.

The offer is from a 12-person consortium which is being headed up by tech entrepreneur Brooklyn Earick, who earlier this year came close to agreeing a deal to take over the Maserati MSG Formula E racing team.

Earlier this month ENIC insisted that Tottenham were not for sale in the wake of Levy’s exit to quell any speculation that moving on the chairman was part of a potential exit plan.

Tottenham are subject of world record takeover bid

The offer consists of a £3.3billion offer to purchase the club, along with a further £1.2billion which has been set aside for improving the playing squad, according to The Sun.

Earick is said to have assembled an investment panel consisting of eleven others who have experience in putting money into NFL and NBA franchises across the pond.

The transfer war chest would be made available to Thomas Frank from the January transfer window and would see the funds allocated towards wages, fees and agent payments.

He also has a £250million stadium naming rights deal in place for the Tottenham Hotspur Stadium, something which has not been achieved since the venue opened six years ago.

Levy had been hoping for a £25million-a-year stadium sponsorship package over a 25-year period which would have generated a world-record £375m, but was never able to get the deal over the line.

A source close to Earick told SunSport: “Brooklyn and his team think everything is in place at Tottenham already.

“Spurs has a world class stadium and training ground, the infrastructure is all in place.

“But with the investment they are ready to make, it will be the final step to turn the club into winners on the pitch as well.”

Initial talks were held between Earick and Daniel Levy, however, discussions have accelerated following the boardroom change at Tottenham.

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