Tottenham

2023 - 2 - 14

Jahm Najafi

Post cover — Image courtesy of "Sky Sports"

Tottenham: Premier League club not for sale and owners remain ... (Sky Sports)

Iranian-American billionaire Jahm Najafi is reported to be putting together a consortium led by MSP Sports Capital to make a £3.1bn takeover bid for ...

Iranian-American billionaire Jahm Najafi is reported by the Financial Times to be putting together a consortium led by MSP Sports Capital to make a £3.1bn takeover bid for the north London club. Iranian-American billionaire Jahm Najafi is reported to be putting together a consortium led by MSP Sports Capital to make a £3.1bn takeover bid for Tottenham; however, no approach has been made and Spurs have had no contact with any proposed bidders Tottenham are not for sale and its owners are totally committed to their long-term plans for the Premier League club.

Billionaire Najafi set to launch $3.75bn takeover bid for Spurs - source (Reuters)

Iranian-American billionaire Jahm Najafi, chair of MSP Sports Capital, is set to launch a $3.75 billion takeover bid for Premier League soccer club ...

Why Tottenham Hotspur's Sale Price Is Falling (Forbes)

T ottenham Hotspur has been on the sale block for several months. The Financial Times reported Wednesday that Iranian American billionaire Jahm Najafi, ...

[Manchester United](https://www.espn.com/soccer/manchester-united-engman_utd/story/4877060/manchester-united-for-sale-how-much-is-the-club-worth-do-the-glazers-really-want-to-sell-all-you-need-to-know), [Liverpool](https://www.liverpoolworld.uk/sport/football/liverpool/liverpool-takeover-news-as-nba-owner-interested-in-having-a-premier-league-asset-4024491) and [Everton](https://www.theguardian.com/football/2023/jan/24/everton-for-sale-farhad-moshiri-asking-price-more-than-500m) are being shopped by their owners. [David Levy](https://www.theguardian.com/football/2000/dec/21/newsstory.sport6) since 2021, it plays in a [new stadium](https://www.bbc.com/news/uk-england-london-58499897) in London, Europe’s best soccer market. And in recent months, both [AC Milan](https://www.acmilan.com/en/news/articles/club/2022-08-31/redbird-capital-partners-completes-acquisition-of-ac-milan) and [Chelsea](https://www.forbes.com/sites/mikeozanian/2022/05/09/chelsea-fc-valued-at-309-billion-in-sale-to-group-led-by-todd-boehly/?sh=31a05ff076af) were sold. Their pitch is that it has the most runway to grow given the stadium and its [sale block](https://uk.finance.yahoo.com/news/tottenham-takeover-owners-told-now-142836437.html) for several months. Last May, the team’s owners kicked in [$182 million](https://www.bloomberg.com/news/articles/2022-05-24/tottenham-hotspur-fc-gets-150-million-cash-boost-from-owners?leadSource=uverify%20wall) of cash to help the team upgrade its roster. MSC Sports Capital did not respond to an email from Forbes asking about the potential sale. For the [2021-22 fiscal year](https://swissramble.substack.com/p/tottenham-hotspur-finances-202122), the team had $537 million in revenue, 23% more than the previous year, while operating income (earnings before interest, taxes, depreciation and amortization) came in at $138 million, a 20% increase from a year ago. There are a lot of big-name European soccer teams on the market. Najafi is a minority shareholder in the NBA’s Phoenix Suns. [relationship](https://www.football.london/tottenham-hotspur-fc/news/nfl-uk-teams-announced-alongside-26019466) with the NFL.” (The stadium hosts American football games.) The Financial Times [reported](https://www.ft.com/content/c3795725-eb77-4681-848d-20c37c990386) Wednesday that Iranian American billionaire Jahm Najafi, the chairman of MSP Sports Capital, is preparing a blockbuster $3.75 billion (3.12 billion pounds) bid for the team, consisting of about $3 billion in equity and $750 million of debt.

MSP Sports Capital Prepares $3.75B Tottenham Bid (Front Office Sports)

Jahm Najafi, chair of MSP Sports Capital, is reportedly set to launch a $3.75 billion takeover bid for Tottenham Hotspur.

Last month, MSP reportedly held preliminary discussions for a minority stake in Everton. [reported](https://deadline.com/2023/02/jahm-najafi-bid-premier-league-tottenham-hotspur-stx-entertainment-1235260322/) $534 million in revenue in the fiscal year ending June 2022 — at $2.35 billion. The takeover would value the Premier League club at $3 billion and add $750 million in debt to the team’s books.

Are Tottenham really for sale? What we know about the reported bid ... (The Athletic)

Who are MSP and Jahm Najafi, are Tottenham even for sale, and how much would the club cost if Daniel Levy and ENIC were to sell up?

And even if ENIC do decide to sell to Najafi’s consortium, that does not necessarily mean that Levy would leave the club. There is a view that the Chelsea sale effectively reset the market for what a top club should be sold for. On top of that, Spurs’ revenues for the 2022-23 season are likely to be significantly higher thanks to the club’s return to the Champions League and the growing number of non-football events held at the stadium. And while European clubs have traditionally been sold for three to five times their revenue, Premier League owners are well aware of the fact that in the US, teams often go for eight, 10 or even 12 times their revenue. [finds himself under increasing scrutiny from elements of the Tottenham fanbase](https://theathletic.com/4071731/2023/01/11/levy-enic-spurs-protests/), with chants for him to leave the club becoming more audible at recent games. (The Beyonce concerts alone are set to rake in millions of pounds for the club.) So by this equation, the asking price for the club would likely be even higher, and further away from £3.11bn. [NFL](https://theathletic.com/nfl/) games at the stadium, the presumption had always been that a new owner would come from the US. At the end of last season, Levy arranged a £150m equity injection into the club — £50m of which has still to be drawn. What remains unclear is whether they would be buying shares from ENIC or new shares created in the club. And as The Athletic has reported in the past, the long-term strategic plan of ENIC, ever since they bought Alan Sugar’s 29.9 per cent stake in 2000, has been to have one eye on a potential sale. [Premier League](https://theathletic.com/football/premier-league/) clubs? Overall, that would put the total bid at $3.75bn (£3.11bn).

Report: Suns minority owner Jahm Najafi to bid $3.75 billion on ... (Arizona Sports)

Suns minority owner Jahm Najafi will reportedly propose a $3.75 billion bid to purchase Premier League soccer team Tottenham Hotspurs.

[The Financial Times ](https://twitter.com/SkySportsPL/status/1625808279975632899?s=20&t=NTqYKH7HrGUeSGbIgh19aA)first reported that Najafi is working different investors to present a bid in the coming weeks to current owner, ENIC Group, which is owned by British billionaire Joe Lewis. 5 in the Premier League, [according to Forbes](https://www.forbes.com/sites/mikeozanian/2022/05/26/the-worlds-most-valuable-soccer-teams-2022-real-madrid-worth-51-billion-back-on-top/?sh=74955b2b286b).