Levy has outlined Spurs approach to Sheikh Jassim bid after Man Utd collapse
Levy has outlined Spurs approach to Sheikh Jassim bid after Man Utd collapse
Tottenham have been linked with a takeover from Sheikh Jassim, who saw his bid for Man United collapse
Tottenham chairman Daniel Levy has already discussed the club’s board’s approach to a potential takeover amid links with a bid from Qatari-based Sheikh Jassim. The 64-year-old put himself in the running to takeover Manchester United after news broke earlier this year of the Glazer family looking at a potential exit.
Sheikh Jassim was claimed to be a keen Manchester United fan and went through several rounds of bidding to try and takeover the club. He wasn’t alone, though as Sir Jim Ratcliffe, was another frontrunner in the race having been on the hunt for another football club.
Many months passed and it seemed less and less likely that the Glazers would sell until Saturday night, Shiekh Jassim pulled out of the race altogether. Reports stated that roughly £5billion was bid to take control of the club with further investment in the billions readied.
It wasn’t to be, though, as a further revelation claimed that Ratcliffe was set to take a minority stake of 25 percent of the Red Devils with a view to a full takeover in the future. With that seemingly deciding the fate of the Old Trafford outfit, there are questions over the fallout.
One of which has involved Shiekh Jassim potentially moving the bid towards Tottenham in view of a full takeover from ENIC – which owns over 85 percent of the club. It remains to be seen if that will be the case, but there certainly doesn’t seem to be any stopping of the rumours so far.
If that was to happen, then Levy has already outlined how the board and he would respond to such an offer being made in the near future. Speaking Bloomberg last month, he said: “I’ve got no real interest to leave Tottenham, but I have a duty to consider anything that anyone may want to propose.
“It’s not about me, it’s about what’s right for the club. We have 30,000 shareholders who own approximately 13.5 per cent. We run this club as if it is a public company.”
There were plenty of changes over the summer both on and off the pitch as the team were transformed under new boss Ange Postecoglou. Aside from that, Joe Lewis – who was the owner until he ceased control to his family trust – was indicted in America for charges alleging insider trading, which he denies.
When asked specifically on a takeover, Levy continued: “If anyone wants to make serious propositions to the board of Tottenham, we will consider it along with our advisors. And if we felt it was in the interests of the club, we would be open to anything.”
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