Tottenham takeover update as Asian consortium announce their plans

The Asia-based consortium of investors led by Firehawk Holdings Limited have confirmed that they will not bidding for a takeover of Tottenham Hotspur.

Early last month Spurs announced that they had "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 PCP International Finance Limited and a consortium of investors led by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited".

Takeover rules meant that both interested parties then had until 5pm on October 5 to either lodge a firm intention to make a bid or announced that they would not be doing so.

PCP soon confirmed that they would not be following up with a bid and on Friday, the Asia-based consortium led by Firehawk did the same.

An announcement through the London Stock Exchange stated: "Further to the announcement made by the board of Tottenham Hotspur Limited on 7 September 2025, the consortium of investors led by Firehawk Holdings Limited confirms that it is not intending to make an offer for the club."

That now leaves only an informal expression of interest from a consortium headed up by Brooklyn Earick looking to takeover the club in a £4.5bn deal.

Tech entrepreneur Earick, who failed this year in a bid to acquire Formula E team Maserati, is fronting the £3.3billion takeover approach from a 12-strong group including NFL and NBA investors, with a further £1.2billion reportedly set aside as transfer funds for head coach Thomas Frank.

"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," said Spurs in a statement last week.

A source close to the Lewis family, who own the club, added to football.london at the time: "This unsolicited and unnecessary interest does nothing to change the family’s resolve and commitment to do whatever it takes to drive success on the pitch. The club is not for sale."

Now that consortium is required, by no later than 5pm on October 24, to either announce their 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.

Story Saved

You can find this story in  My Bookmarks.Or by navigating to the user icon in the top right.