Ever since the Tottenham Hotspur PLC delisted itself from the stock market rumours that the club was preparing itself to be sold have grown stronger and stronger. Logistically everything is slowly falling in to place, with much of the land for rebuilding a new stadium already purchased by the club, and planning permission for a new stadium having got the green light.
Most people quite rightly assumed that Joe Lewis would sell Spurs once the new stadium had been built, with the increased revenue from higher match day attendances making the books look more appealing to any potential investor. This is without mentioning the megabucks that come with the naming rights for the new Tottenham Hotspur *Insert Major Company Here* Stadium.
Yet the latest ITK and Twitter rumours seem to be suggesting that Joe Lewis is taking more of a day to day interest in the club. Some have said this could simply be an old man taking an interest in one of his investments, whilst others have said that he is priming the club ready for sale, possibly before the new stadium has even been started.
It has been mooted that new owners are ready to take-over the club, and that, at least for the time being, they would be happy for Levy to remain in his position as Chairman.
ENIC have financially guide the club very well, and whilst Levy has made the odd crazy decision with managerial appointments, he has been a solid chairman for more than 10 years. It has been mooted that new owners are ready to take-over the club, and that, at least for the time being, they would be happy for Levy to remain in his position as Chairman.
However, the club doesn’t need to be sold outright, but could do with some investment to help build the new stadium, and in the very near future provide a war-chest for the new manager to help build his team. Perhaps Lewis’ apparent increase in interest in the club has to do with finding a new investor, who in the next few years could go on to buy the club outright?
An investment, be it through naming rights, or selling a stake in the club, could help to advance it sale by helping to build on our success both on an on the pitch over the last few years. Without some investment, and without the millions that would have come from Champions League qualification this year, there is a chance that the club will become stagnant in the next season or two. This would make it harder to fund a new stadium and remain competitive on the pitch, which in turn would make the club far less appealing to a potential buyer.
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