Tottenham owners have no intention of selling club amid reports of possible takeover bid
- Published
The Tottenham Hotspur stadium hosted its first Premier League game in April 2019
Tottenham's owners have no intention of selling the club and are committed to their long-term plans.
It has been reported billionaire Jahm Najafi is set to launch a £3.1bn takeover of the north London club.
No approach has been made by Iranian-American Najafi so far.
Najafi is chair of sports investment company MSP Sports Capital; the Financial Times reports, external he is working with a consortium of investors to put together a bid for Spurs.
It added Najafi was weeks away from approaching Tottenham owner Joe Lewis and Spurs chairman Daniel Levy.
Najafi is a minority shareholder in NBA team the Phoenix Suns.
Tottenham, who lost the first leg of their last-16 Champions League tie 1-0 in AC Milan on Tuesday, are fifth in the Premier League.
They play at the 63,000-seat Tottenham Hotspur stadium, which cost £1bn to build and hosted its first Premier League game in April 2019.
Spurs fans want 'commitment' as rivals spend
Around 60 Tottenham fans held a protest against club owners ENIC and Levy at the club's training ground last month over a lack of investment.
Tottenham Hotspur Supporters' Trust has also reiterated its calls for the board to outline the strategy and vision for the club, calling for "clarity and commitment".
But Levy warned last week that while he understood fans calling for more spending, a few Premier League clubs now have the "ability to distort the market".
Premier League rivals Chelsea were sold for £4.25bn to a consortium led by American investor Todd Boehly last May, with the club subsequently spending more than £550m on new signings in two windows.
According to the club's latest financial report, Tottenham have invested more than £500m in the men's first-team squad since April 2019 - which is less than double what Chelsea spent (£288m) this January alone.
Spurs announced a 22.7% increase in revenue to £444m for the year ending June 2022, up from £361.9m in the previous 12 months, and were recently listed ninth in Deloitte's Money League study.
Our coverage of Tottenham Hotspur is bigger and better than ever before - here's everything you need to know to make sure you never miss a moment
