F1 billionaire’s comments could have impact on Spurs takeover rumours
Liberty Media, who are reportedly interested in investing in Tottenham, have just made a big announcement about the consortium’s future plans.
Tottenham takeover rumours continue to intensify
Over the last few months, it has been widely reported that Amanda Staveley is in talks with Daniel Levy over a minority takeover of Tottenham.
The former Newcastle co-owner, via her vehicle, PCP Capital Partners, has reportedly raised £500m in an effort to buy a stake in the North London club (Football Insider).
However, TBR Football point out that she is not the only one showing interest in investing in Spurs, with a number of groups having conducted due diligence on the club.
This includes Liberty Media, who own Formula One, and who already have a relationship with Spurs after agreeing a 15-year commercial deal with the club, which saw a karting track installed at the Tottenham Hotspur Stadium.
Liberty Media clarify future plans
Liberty Media certainly have the finances to not just buy a small stake in Spurs but for a full takeover of the club.
It had been rumoured that the Colorado-headquartered company were ready to cash in on Formula One and invest in other sporting ventures, but their CEO Greg Maffei has denied those reports.
Maffei has told Motorsport Week: “Look, I don’t think there’s any plan to sell it. It’s got a great future, but, you know, I suspect the Board of Liberty will be appropriate stewards of the shareholder capital.
“The business is very well positioned, right? [We have] grown the global partnership since 2019. We’ve compounded sponsorship at 16%. We’ve compounded all the revenue streams at something like 12%.
“It’s really been a hallmark of what sports wants to be, growing fan interest through things like ‘Drive to Survive,’ growing sponsorship, growing high-end experiences. [It is] sort of a model everyone else is a little bit trying to follow.”
TBR Football relay these quotes and suggest that Liberty Media’s continued stewardship of F1 makes it less likely that they will attempt to buy into Spurs.
Tottenham keeping takeover talks under wraps
If takeover talks are going on – and one suspects they have been for over a year with various potential investors – Daniel Levy and Spurs are doing well to keep things under wraps.
Even if it is just a minority sale, we are talking huge amounts of money, which is why these sorts of negotiations will always be a slow burn, with a lot of details having to be ironed out before a deal can be finalised.
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