Billionaire Jahm Najafi preparing a $3.75bn takeover bid for Tottenham
Iranian-American billionaire Jahm Najafi ‘is lining up a £3bn takeover of Tottenham with a bid expected in WEEKS’ as he becomes the latest US tycoon to target Premier League riches
- Billionaire Jahm Najafi is preparing a $3.75bn takover bid for Tottenham Hotspur
- The Iranian-American is working with a consortium to prepare the bid’s structure
- The group is expected to approach the Spurs hierarchy in the coming weeks
Iranian-American billionaire Jahm Najafi is reportedly preparing a group of investors to launch a $3.75bn (£3.1bn) takeover bid for Tottenham, according to two people with direct knowledge of the plans.
The Financial Times report that Najafi – who is chair of MSP Sports Capital – is working with a consortium to prepare the structure of the huge bid and the group is expected to approach Spurs owner Joe Lewis and chairman Daniel Levy in the coming weeks.
The bid is set to be factored so that Najafi and MSP would put forward 70 per cent of the bid, while others would contribute the remaining 30 per cent – with these backers likely to come from the Gulf, and particularly Abu Dhabi.
A £3.1bn bid for the club consists of the club’s equity being valued at approximately £2.5bn, before adding about £610m of the club’s debts.
The news is likely to be welcomed by Spurs fans as it would see the end of the unpopular ownership of ENIC – who took over the club in 2000 from Lord Sugar.
Iranian-American billionaire Jahm Najafi is reportedly preparing a group of investors to launch a £3.1bn takeover bid for Tottenham
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