£685m dossier shows just how serious Tottenham takeover contenders are

Add as preferred source on Google

In the world of football finance, Tottenham are routinely labelled an “investor’s dream” but there is a limited number groups and individuals who can afford the price tag.

Spurs chairman and co-owner Daniel Levy values the club at £3.75bn and is actively courting investment in the North London club.

It is believed that a minority investment – perhaps in the region of 10-15 per cent – is the most likely outcome.

That would mean an investor would need to part with around £400m, and there are only so many parties with the capital and inclination to spend that much on a minority stake.

US private equity groups, financial institutions and sovereign wealth funds are among the groups linked with a part-takeover of Spurs.

Another sector that is consistently linked with Premier League takeovers are multi-club or multi-sport organisations.

And the latest developments in sports finance show how much muscle one group who has been mooted as a new Spurs co-owner would bring to the club.

• READ MORE TOTTENHAM NEWS: Tottenham could sign ‘world-class’ striker who’s ‘above’ Dominic Solanke for less than £50m

Liberty Media post financial results – are they serious Spurs takeover candidates?

When Spurs announced a new commercial deal with Formula One last year, it was emblematic of the increasing crossover between football and other sports.

Spurs are more well versed in this intersection than most.

At the Tottenham Hotspur Stadium, Spurs host the NFL London Games and have previously staged rugby and hockey matches, as well as heavyweight boxing clashes.

Unlike Man United, Liverpool, Arsenal and Chelsea, however, Spurs do not have a formal ownership link to another sport.

But there were signs that could change when it was reported last year that Liberty Media, owners of Formula One, would be first in the queue for a part-takeover of Spurs.

There have been no more noises to suggest that Liberty, the most valuable sports empire in the world, are poised to make a move since then.

But the existing commercial link with Spurs would likely grease the wheels in negotiations, and Levy is known to enjoy a good relationship with the enterprise.

And Liberty are in a strong position to pull off a deal financially.

As relayed by Sportcal, F1 is on course to break their revenue record in the current financial year.

Their accounts for Q2 show significant growth based on the same period last year, with turnover totalling £685m.

And with profits expected to continue their impressive trajectory, Liberty would certainly have ample liquidity to invest in Spurs.

TBR Analysis: Will Daniel Levy get £3.75bn for Tottenham?

Most analysis suggests that £3.75bn is very high for Spurs.

That would easily surpass the £2.5bn Todd Boehly paid for Chelsea in 2022, and it is not far off the rate that Sir Jim Ratcliffe paid for his 27 per cent stake in Man United.

Considering Spurs already have the stadium and training ground, whereas Chelsea and Man United would require significant investment, there is an argument to say £3.75bn is justifiable.

What’s more, several studies have shown that Spurs brand is growing quicker in the United States and East Asia than any other Premier League club.

In an era when clubs are trying to find a way to monetise their overseas followings, the impact of those statistics on enterprise value should not be underestimated.