Tottenham owners reveal they have rejected two approaches to buy majority stake in the club

There has been fresh interest in a potential takeover of Tottenham Hotspur, with the club now putting out a firm statement.

Tottenham Hotspur are now operating in a new era following the departure of long-serving chairman Daniel Levy, who, after nearly a quarter of a century at the helm, has stepped away from his role as the leading decision maker in north London.

His exit has inevitably sparked speculation over the club’s ownership, a subject that has rarely been far from discussion over the past decade, particularly given the rumoured interest from investors in Saudi Arabia that has floated around in recent years.

However, reports have been consistent in pointing out that the Lewis family, through their controlling vehicle Enic, have no plans to sell Tottenham.

This position was reinforced in the official statement released after Levy’s departure, which stressed that the ownership and shareholder structure at Tottenham would remain unchanged.

Tottenham reject PCP approach led by Amanda Staveley

According to a report from journalist Matt Law of The Telegraph, Spurs are understood to have received two separate expressions of interest following the departure of Daniel Levy.

One came from PCP International Finance Ltd, led by Amanda Staveley, who previously held a stake in Newcastle United, while the other arrived from an Asian consortium headed by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Ltd.

Both approaches are reported to have been quickly dismissed by the Lewis family, who remain resolute in their stance that Tottenham is not for sale.

The Lewis family continue to hold an 87 per cent stake in Tottenham Hotspur, with the remaining 13 per cent available for minority shareholders, yet the clear objective of both PCP and Firehawk Holdings was to acquire majority control of the club by targeting the family’s dominant shareholding.

Spurs issue firm statement on takeover speculation

Under UK takeover rules, Staveley and her company are required to publicly clarify whether they intend to submit a formal bid, while Tottenham themselves were forced to release a statement due to what they described as “media speculation” following Levy’s departure.

The official statement, released by the club and credited to non-executive chairman Peter Charrington, read: “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, separate preliminary expressions of interest in relation to proposals to acquire the entire issued, and to be issued, share capital of Enic from (i) PCP International Finance Limited and (ii) a consortium of investors led by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited.

“As a consequence of Enic’s majority ownership interest in Tottenham Hotspur, were any offer made to acquire Enic and complete, a mandatory offer would be required under Rule 9 of the code to acquire the shares of Tottenham Hotspur not already held by Enic.

“The Board of the Club and Enic confirm that Tottenham Hotspur is not for sale and Enic has no intention to accept any such offer to acquire its interest in the club.

“In accordance with Rule 2.6(a) of the code, each of PCP and the consortium is separately required, by not later than 5pm on 5 October 2025, to either announce a firm intention to make an offer for the company in accordance with Rule 2.7 of the code or announce that it does not intend to make an offer for the company, in which case their respective announcements will be treated as a statement to which Rule 2.8 of the Code applies.

“This deadline can be extended with the consent of the panel on takeovers and mergers in accordance with Rule 2.6(c) of the code.

“Accordingly, this announcement commences an offer period for the purposes of the code. The person responsible for arranging the release of this announcement on behalf of Tottenham Hotspur is Peter Charrington (Non-Executive Chairman).”

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