Tottenham Hotspur 'Not For Sale'; Club Rejects Takeover Interest Amid Levy Exit

Last Updated:September 08, 2025, 11:22 IST

Spurs confirmed ENIC rejected takeover bids from PCP International Finance Limited and Firehawk Holdings Limited, insisting the club is not for sale after Daniel Levy's departure.

Former Spurs chairman Daniel Levy (X)

Tottenham Hotspur have firmly denied they are on the market after confirming that their majority shareholder, ENIC Sports & Developments Holdings Ltd, has rejected two preliminary takeover approaches.

The announcement comes just days after the club’s long-serving executive chairman, Daniel Levy, stepped down following nearly 25 years at the helm, fueling speculation over potential changes in ownership.

Tottenham remains one of the Premier League’s most valuable clubs, with a state-of-the-art stadium, regular European competition, and a strong global fan base.

In a statement released late Sunday, Tottenham confirmed that ENIC, which controls 86.5% of the club’s shares, had turned down two separate expressions of interest.

The first came from Amanda Staveley’s PCP International Finance Limited. Staveley, a prominent financier, previously played a key role in the Saudi-led takeover of Newcastle United in 2021.

The second proposal came from a consortium led by Dr. Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited.

Tottenham emphasized that both offers were rejected outright.

“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," the statement read.

Takeover Code and October Deadline

The club also noted that any acquisition of ENIC would trigger Rule 9 of the UK Takeover Code, obligating a mandatory offer for the remaining Tottenham shares not held by ENIC.

Under Rule 2.6(a), both PCP and the Firehawk consortium have until 5 pm on 5 October 2025 to either:

• announce a firm intention to make an offer (in line with Rule 2.7), or
• formally withdraw, in which case their announcement will fall under Rule 2.8, preventing further bids for a set period.

Following Levy’s exit, Tottenham appointed Vinai Venkatesham, former Arsenal chief executive, as CEO in April. Peter Charrington stepped in as non-executive chairman, a newly created role.

At the time, the club made clear that there would be “no changes to the ownership or shareholder structure."

(with Reuters inputs)

Siddarth Sriram

After training in the field of broadcast media, Siddarth, as a sub-editor for News18 Sports, currently dabbles in putting together stories, from across a plethora of sports, onto a digital canvas. His long-term...Read More

After training in the field of broadcast media, Siddarth, as a sub-editor for News18 Sports, currently dabbles in putting together stories, from across a plethora of sports, onto a digital canvas. His long-term...

Read More

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News sports Tottenham Hotspur 'Not For Sale'; Club Rejects Takeover Interest Amid Levy Exit

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