Lewis family sources release statement on Tottenham £4.5 billion takeover rumours

ENIC has long been the majority shareholder of Tottenham Hotspur, and the Lewis Family is keen to keep it that way, despite interest from a US consortium.

ENIC went from owning under 3 per cent of Tottenham Hotspur to 29.9 per cent in 2000, with the option of buying another 13.2 per cent at a later date. The transaction saw Daniel Levy replace Sir Alan Sugar as the club’s Chairman. Over time, the investment company became the majority owner.

Of course, Levy has stepped down from his role of almost 25 years, and this has raised discussion about the future of who will own Spurs. 

It was recently reported that Tottenham were the subject of a world record takeover bid. A conflicting report stated that the rumoured takeover bid of Tottenham Hotspur was untrue.

Brooklyn Earick posted a countdown message in response to the Tottenham takeover rumours, which neither confirmed nor denied whether or not they were true.

Lewis family sources confirm informal Tottenham takeover bid

In the latest twist to the tale, a source close to the Lewis family has confirmed that the offer from a consortium led by Mr Brooklyn Earick is real. However, ENIC have absolutely no intention of selling the club.

The statement read (Football London): “The Board of Tottenham Hotspur Limited is aware of recent media speculation and confirms that its majority shareholder, ENIC Sports & Developments Holdings Ltd has received, and unequivocally rejected, an informal expression of interest in relation to a proposal to acquire the entire issued, and to be issued, share capital of the Club from a consortium led by Mr Brooklyn Earick.

“The board of the Club and ENIC reconfirm that Tottenham Hotspur is not for sale and ENIC is not looking to sell its stake in the club.”

The rules state that the consortium is now required, by no later than 5 pm on October 24, to either announce a firm intention to make an offer for Spurs or announce that it does not intend to do so. That deadline can be extended with the consent of the panel on takeovers and mergers.

The new look ENIC deserve a chance to improve Spurs

ENIC have been criticised for many years due to Tottenham’s perceived lack of action during transfer windows. However, it was Levy who was calling the shots, and he is no longer in his position.

The prospect of a new owner could cause excitement over new opportunities, but it does not always work out. Many Manchester United supporters would have been delighted when Jim Ratcliffe purchased a 27.7 per cent stake in their club, but he has become an unpopular figure.

Tottenham have begun a new chapter post-Levy and the new faces increasing their involvement in the club deserve some time to make improvements before any judgements are made.

READ MORE – Brooklyn Earick breaks silence on rumoured £4.5 billion bid to buy Tottenham with ‘countdown’ message