Tottenham Hotspur Rejects Takeover Bids After Chairman Levy Departs
Tottenham Hotspur Rejects Takeover Bids After Chairman Levy Departs

Tottenham Hotspur Rejects Takeover Bids After Chairman Levy Departs

News summary

Tottenham Hotspur has officially rejected two separate takeover bids, confirming the club is not for sale amid recent speculation triggered by the departure of longtime chairman Daniel Levy. The majority owner, ENIC Sports & Developments Holdings Ltd, which controls nearly 87% of the club, dismissed expressions of interest from PCP International Finance Limited, linked to former Newcastle shareholder Amanda Staveley, and a consortium led by Dr. Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited. Levy stepped down after nearly 25 years, a move intended to revitalize club leadership, though he remains a significant stakeholder and expressed pride in his tenure. ENIC and the club's board emphasized their commitment to Tottenham's long-term sporting and commercial ambitions, making clear they have no plans to sell their shares. The speculation around the sale followed Levy’s exit, but official statements from Spurs and ENIC have quelled takeover rumors. This announcement reassures fans and stakeholders that Tottenham remains under current ownership focused on stability and growth.

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