Reports say Tottenham has attracted a lot of interest in the last few weeks from multiple parties looking to buy the club.
Daniel Levy resigned from his role as Tottenham executive chairman in September, and the Essex-born businessman claimed he was “incredibly proud” of his work during his long-standing tenure in North London.
It was speculated that Levi’s departure from Tottenham was an indication that owner ENIC was open to the possibility of selling the club.
Currently, there is no change in club ownership. A part of Enic is part of Enic, which holds an 86.91% stake in the North London outfit.
The attempt to buy the North London Club from US and Middle Eastern groups is understood to be reportedly from a US consortium led by Tech Entrepreneur Brooklyn Earick with an offer of £4.5 billion.
The offer was rejected by Tottenham owners, who had been previously advised by Rothschild bankers about potential sales opportunities.
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And now Athletic reports that their relationship with the Rothschilds has “mutually ended” as they no longer have to oversee sales.
A club spokesman told Athletic: “We are grateful for the support of the Rothschilds in recent years. However, given that the club is not for sale, we have mutually agreed that they have no longer had their roles and that they have concluded their duties with one another.”
Andrew Ashcroft, son of former Conservative Vice-Chairman Ashcroft Lord, bought a 3.4% stake in Tottenham last week, but football insiders claim “it’s unlikely that new investors will inject Tottenham.”
Former Man City Financial Adviser Stefan Borson believes the shares have been handed over to his son from Lord Ashcroft, and he believes there is unlikely new money to pump up in Tottenham.
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Bourson told Football Insider: “I don’t think it’s new money coming into the club.
“All that happened was transferred from father to son, and it has no nominal value, but not new stocks.
“So, if it was £100 million, the way the money gets into the club would be that the club would issue new shares to third parties.
“The company’s shares increase because we issue new shares at £100 million, so the overall share capital gets bigger, there’s X percent and the club gets £100 million. But I don’t think that’s what happened.
“I think what happened is much easier than that. It’s been handed over from father to son and there’s no real financial difference, so I think it looks more interesting than that.”
