Former Newcastle United joint-owner Amanda Staveley is expected to make a statement on Monday saying that she does not intend to take over Tottenham Hotspur.<\/p>\n
Sky News has learnt that PCP International Finance, a vehicle controlled by Staveley, will be forced to clarify its interest in bidding for Spurs, following discussions with the UK takeover watchdog, after chairman Daniel Levy unexpectedly stepped down.<\/p>\n
People close to the situation said on Sunday that Staveley had been in discussions with prospective backers of a bid for the club in recent weeks.<\/p>\n
Levy reportedly owns a stake of almost 30 per cent in ENIC, while Joe Lewis, ENIC’s majority-owner, transferred control of his stake in Spurs to his family trust in 2022. A source close to the Lewis family said on Sunday evening: “The club is not for sale.”<\/p>\n
ENIC owns a stake of nearly 87 per cent in the club, with the remaining shares owned by a group of minority investors.<\/p>\n
Spurs’ ownership is complicated by the fact that it is subject to the UK Takeover Code – governed by the Takeover Panel.<\/p>\n
Under the provisions in the Code, PCP could yet return with a formal takeover bid for Spurs if invited to do so by the board of ENIC, or if a rival bidder announces its intention to make a firm offer for last season’s Europa League winners.<\/p>\n
City sources pointed to these caveats as being particularly relevant to Staveley’s potential ongoing interest in Spurs.<\/p>\n
Levy’s exit last week after nearly 25 years as Tottenham chairman was apparently driven by a desire to inject fresh momentum into the leadership of the club.<\/p>\n
In a statement last week, it said: “Tottenham Hotspur has been transformed over the last quarter of a century.<\/p>\n
“It has played in European competitions in the last 18 of 20 seasons, becoming one of the world’s most recognised football clubs, consistently investing in its academy, players and facilities, including a new, world-class stadium and state-of-the-art training centre.”<\/p>\n
Rothschild, the investment bank, had previously been engaged by Levy to raise hundreds of millions of capital to invest in Spurs. Those discussions are understood to have involved a range of parties in the past year.<\/p>\n
Any takeover bid for Spurs, regardless of the identity of the bidder, would be likely to be valued at well in excess of \u00a33.5bn for it to be deemed acceptable.<\/p>\n
Staveley and her husband, Mehrdad Ghodoussi, left Newcastle last summer after becoming directors and minority co-owners of the club in October 2021.<\/p>\n
A spokesman for Staveley declined to comment on Sunday evening.<\/p>\n","protected":false},"excerpt":{"rendered":"Former Newcastle United joint-owner Amanda Staveley is expected to make a statement on Monday saying that she does…\n","protected":false},"author":2,"featured_media":127757,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[563],"tags":[64,63,596,85],"class_list":["post-127756","post","type-post","status-publish","format-standard","has-post-thumbnail","category-football","tag-au","tag-australia","tag-football","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/127756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=127756"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/127756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/127757"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=127756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=127756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=127756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}