Tottenham Hotspur’s recent struggles on the pitch are hindering chairman Daniel Levy’s efforts to sell a minority stake in the club, sources reveal.
While Levy had hoped to sell a 10 percent stake, potentially valuing the club at a staggering £3.75 billion, the club’s poor performances this season have created significant obstacles. Despite the club’s substantial financial backing, thanks to their impressive 62,850-capacity stadium, which opened in 2019, Tottenham’s inability to translate that into on-field success has caused unrest among fans and financial uncertainty.
The team’s lack of silverware continues to cast a shadow over Levy’s ambitions. Tottenham have now gone 17 years without winning a major trophy, with their current league form leaving much to be desired. After a 2-1 defeat against Leicester City on January 26, the club is languishing in 15th place in the Premier League, far from their usual competitive position. This downturn in form, coupled with a significant shortfall in projected prize money for the season, has created a challenging environment for Levy, who was hoping to secure investment in the club.
Sources indicate that the ongoing poor results and the increasing frustration among Spurs supporters are making it difficult for Levy to attract potential investors willing to meet his £3.75 billion valuation of the club. Tottenham’s failure to make meaningful progress on the pitch is casting doubt on their financial prospects, which, in turn, is making the minority stake less appealing to prospective buyers. The growing unrest, exemplified by protests from fans and public criticism from star players, is adding to the challenges Levy faces in his bid to sell.
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The frustration within the club’s ranks is not limited to the supporters. Star defender Cristian Romero openly criticized the club’s lack of investment in the January transfer window, highlighting the dissatisfaction within the playing squad. Protests against Levy and the club’s ownership, ENIC, have also intensified. Meanwhile, sources reveal that ENIC has slightly increased its shareholding from 86.58 percent to 86.91 percent through a £35 million injection, signaling a continued commitment from the ownership group, although it has done little to quell the unrest.
While there have been attempts to bring in new investment, progress has been slow. Amanda Staveley, who previously owned a minority stake in Newcastle United, was reportedly interested in investing in Tottenham, but no deal has been finalized. In addition, the Qatari state is said to have a genuine interest in the club, with talks between the two parties reportedly ongoing for several years. However, despite these discussions, no concrete investment has materialized, further complicating Levy’s efforts to secure external funding.
Financially, Tottenham has seen a slight decline in revenue, with the latest Deloitte Money League report revealing a decrease from £550 million in the 2022-23 season to £528 million last season. Their wage bill has also dropped from £251 million to £222 million, meaning that just 42 percent of their revenue is spent on salaries. While this reduction may provide some short-term relief, it also highlights the financial struggles the club is facing as they attempt to balance the books while dealing with mounting pressure on and off the field.
