Board issues firm rejection of two separate investment proposals, affirming majority owners ENIC’s commitment to a new chapter focused on on-field success.
In a decisive move that aims to quell swirling speculation, the Tottenham Hotspur board has forcefully rejected two separate attempts to acquire the club, declaring it is firmly “not for sale.”
The statement, released late Sunday, comes just days after the surprising departure of long-time chairman Daniel Levy. The board confirmed it “unequivocally rejected” preliminary approaches from two groups: PCP International Finance, led by financier Amanda Staveley, and a consortium headed by Dr. Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited.
This firm rejection puts an end to months of conjecture, which intensified after Staveley was spotted at the Tottenham Hotspur Stadium late last season. Reports earlier Monday indicated Staveley was also preparing to announce that she would not be formalizing a bid.
The statement left no room for interpretation, adding, “ENIC has no intention to accept any such offer to acquire its interest in the Club.”
While the door to a full sale is closed, the path to minority investment remains open. The Lewis family trust, which controls ENIC and nearly 87% of the club, is understood to be receptive to bringing in new investors. However, their primary focus is now squarely on supporting the new leadership team.
This new era for Spurs began with Levy’s departure last Thursday, a move described as a effort to help the club achieve “more wins, more often.” The majority owners are now channeling their efforts into backing recently appointed non-executive chairman Peter Charrington, chief executive Vinai Venkatesham, and head coach Thomas Frank, tasking them with the mission of delivering the on-field success that has long eluded the North London giants.
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