Saturday, June 23, 2012

Spurs for Sale?

Rumours concerning a possible takeover at Tottenham first appeared on Twitter but earlier reports in the newspapers could add some additional information to the story.

It was on Thursday evening that Twitter came alive with news of Spurs being involved in negotiations regarding a takeover of the club.  @jzimelstern provided the original information and as time passed a number of other sources confirmed that they had heard some snippets of details which would support the idea of Spurs starting the 2012-13 season with new owners as well as a new manager.

Spurs have been in negotiation on this issue for some time but apparently in the past days Joe Lewis the majority share-holder of the club has been involved in the talks. It is reported that there is only one issue remaining to be sorted before a deal can be finalised.  The new owners are thought to be content with the new direction that the club is planning to go which was mentioned in interviews by the departing Harry Redknapp. They are also content to have Daniel Levy continue his search to appoint a new manager and want him to remain as Chairman of the club.

An important issue was the availability of additional funds for new players for whoever is appointed manager and it was revealed that substantial finance would become available if the takeover goes through.

This news, understandably, met with much interest from Spurs fans, talk of a takeover having often been on the agenda, as other clubs have moved into the hands of new owners, sometimes with considerable benefits to the club, while Spurs have been overlooked.  There was an enthusiasm for such a move from many on Twitter but others took a more cautious/sceptical view that they would wait for confirmation from official sources.

It was last February that two national newspapers reported on this story, The Mirror and the Express.
Express: AEG is in Talks for Spurs - link
Mirror: America's 34th Richest Man to Buy Spurs - link

The most recent information has, however, suggested that Kuwaiti money is behind the current bid.

Further News:
New Manager: One report suggest that there will be no announcement until after the Euro Championships and that it is not Andre Villas-Boas.  This is further supported with news on SSN and ESPN that AVB is claiming reports linking him with Spurs are 'all lies'.

Ground: According to the Express, Spurs are looking to talk to the Football Association about the possibility of the club using Wembley while the new Stadium is being built.


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