Tottenham get £6bn takeover boost as Daniel Levy contacts buyers
The latest developments in the world of football finance bod well for Daniel Levy and his hope of securing fresh investment in Tottenham.
The Spurs chairman and co-owner announced earlier this year in a message alongside the club’s annual accounts that he had contacted potential buyers about an equity sale.
It is not clear at this stage whether that would come in the form of a full or partial takeover, although four different groups have been linked across both categories.
That is thanks in large part to their stellar commercial operation and gargantuan matchday income, which were worth a combined total of £336m last season alone.
However, some factors that affect their value are, to some extent, outside of their sole control.
And Spurs will therefore likely welcome news that one of those factors is having a positive effect on the price that Levy and his ENIC colleagues could theoretically command
Premier League dominates European peers in revenue
In a wide-ranging investigation into how the Premier League compares to the other so-called ‘Big Five’ leagues in Europe, football finance expert Swiss Ramble revealed that the Premier League’s overall revenue stood at over £6bn last season.
That is nearly £2.5bn more than the Bundesliga, which was the second highest grossing league in Europe.
The disparity is due mainly to the Premier League’s blockbuster TV deal, which is worth nearly £3bn per season.
That is one factor that any prospective buyer for Spurs would find very attractive, especially relative to their counterparts on the continent.
Spurs’ broadcast income alone for the season was £204m, for context.
READ MORE TOTTENHAM FINANCE NEWS: Tottenham involved in £120m plot as two more off-pitch deals agreed
Who could take over Spurs?
Of the four groups linked with a Spurs takeover, three are from US buyers.
The sports group Liberty Media, who own Formula One and are the most valuable sports network in the world, have been mooted as potential investors.
So too have New York-based MSP Sports Capital. Their interest had waned when they were attempting to buy Everton but could be reignited now they have failed with that acquisition.
In a slightly more left-field development, the billionaire rapper and businessman Jay-Z has also, according to US media, expressed interest in the club.
And although this has been disputed in some quarters, Nasser Al-Khelaifi, the Paris Saint-Germain president and known ally of Levy, has also been suggested as a potential new owner.
Manchester City are yet to trigger the release clause in the contract of Bruno Guimaraes it has been reported. Social media was abuzz earlier this week with posts indicating that the champions had made their move for the Newcastle United midfielder. But they have since been refuted. It does pose an interesting question. Will Manchester City eventually trigger the release clause in the contract of Bruno Guimaraes before it expires?
A report from Lee Ryder for the Chronicle indicates that Manchester City haven’t made a move from Bruno Guimaraes. Ryder adds that there has been no suggestion from the world champions that a move for Guimaraes is imminent. Furthermore, Ryder also reports that there was no reaction from the camp of Bruno Guimaraes to the recent social media speculation. Lastly, Ryder further reports that Newcastle United chiefs are getting tired of the constant speculation surrounding the Brazilian international.
Manchester City still have time and could move for Bruno Guimaraes.
Lee Ryder’s report indicates that Manchester City haven’t made a move for Bruno Guimaraes at this stage. There is, however, the potential for City to make their move for the Brazilian. Finding support or a potential midfield partner for Rodri appears to be one of City’s top priorities this summer. The Brazilian international does appear to be a player who seems ideally suited to the role.
What may be the deciding factor in any City move for Guimaraes is the cost. Included in Ryder’s report is the fact that the £100 million release clause in the contract of Guimaraes expires on June 24. The champions have until then to make up their mind on whether they feel that Guimaraes is worth spending such a sizable transfer fee on.
Ryder’s report indicates City haven’t yet made a move for Bruno Guimaraes. But there is still time for the champions to strike if they are intent on signing the Brazilian international.
Leave a Reply